It’s no secret that the technology industry is constantly evolving. This evolution has come with new advancements in software and hardware, thus increasing the need for qualified professionals to help maintain and operate these systems. As a result, the IT service provider industry has exploded in recent years. So, this article, compiled by Durham’s top IT service provider, seeks to answer the question, ” which is the world’s largest IT service provider company?
Before delving into the review, it is essential to understand what an IT service provider is.
What is an IT service provider?
An IT service provider is a company that provides services to businesses or individuals that use information technology. Services can include but are not limited to software development, cloud computing, data storage, and security.
In addition, it’s important to note that managing large-scale IT systems requires more than just technical expertise – it necessitates a full-service approach that can handle everything from system design and deployment to ongoing maintenance and support.
Now that we have a better understanding of what an IT service provider is let’s look at the review.
To compile the list, our analysts used data from Statista and Forbes. They looked at each company’s revenue, employee count, and market capitalization. From this data, they were able to identify the top five IT service providers in the world.
So, without further ado, here are the five largest IT service providers in the world:
Sitting comfortably at the top of our list is Dell Technologies, with a revenue of $91.1 billion in 2020. The company has approximately 165,000 employees and a market capitalization of $54.78 billion. In addition, Dell Technologies boasts assets totaling $118.9 billion.
Founded in 1984, Dell Technologies is a multinational that provides a wide range of products and services, including but not limited to personal computers, data storage devices, network switches, software, computer peripherals, and more.
In recent years, the company’s focus has shifted from consumer products to enterprise-level software solutions. This shift has been driven by the growing demand for cloud services, IT infrastructure, virtual reality, cybersecurity, and big data storage.
In second place is IBM, with a revenue of 77.1 billion in 2020. For over a century, the company has been in business and has its headquarters in Armonk, New York. IBM provides IT services, including cloud computing, artificial intelligence, and enterprise software. The company has approximately 383,000 employees and a market capitalization of $110.79 billion.
First founded as the Computing-Tabulating-Recording Company, the company has undergone many acquisitions over the years and has become a juggernaut in the IT industry.
In recent years, IBM has been working on transitioning from a hardware company to a software and services company. Some of IBM’s IT solutions include:
- Cloud computing
- Artificial intelligence
- Data analytics
- IT infrastructure
If you’re looking for a large and established IT service provider, IBM is a great option. The company has a long history of innovation and a wide range of services to offer its clients.
Cisco Systems Inc
Cisco Systems Inc, a networking and telecommunications company, comes in third place with a revenue of $51.6 billion. The company has a workforce of approximately 75,900 people and a market capitalization of $187.95 billion.
Founded in 1984, Cisco Systems Inc is best known for its networking and communications products. However, the company also provides other products and services, such as security, storage, and cloud computing.
Cisco Systems Inc is headquartered in San Jose, California, and has operations in more than 115 countries.
Headquartered in Dublin, Ireland, Accenture is one of the leading IT services companies with a revenue of $44.7 billion. The company was started as a part of an accountancy firm. However, in 1989 it became a separate entity.
Since then, the company has expanded its services to include digital, strategy, and technology. Accenture has 492000 employees spread over 120 countries.
Accenture focuses on technology, consulting, and outsourcing services.
Finally, we have Oracle, a software and cloud computing company with a revenue of $39.8 billion. Oracle provides a wide range of software products and services, including databases, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and supply chain management (SCM) software.
With its 136,000 employees, Oracle has a presence in more than 175 countries.
These are the five largest IT service provider companies in the world. If you’re looking for an IT partner, you can’t go wrong with these companies.
These are the five largest IT service provider companies in the world. If you’re looking for an IT partner, you can’t go wrong with these companies. They all have a long history of innovation and various services to offer their clients. So, take your pick and get started on your next project!