Big Tech is a generic term used to describe the world’s largest and most influential technology companies. Their products and services are utilized worldwide and have become highly dependent on other companies and individuals alike, creating numerous security, privacy and competition concerns as well as whether stringent regulations should be enforced regarding their activities and influence.
This has resulted in many of these companies being named in the annual Best Companies to Work For lists. However, when examining which the best Big Tech companies are, several trends can be identified, particularly those that are currently dominating the market. These are the Big Tech Companies of 2011.
No one can deny that Google was the single biggest spender last year in the internet advertising market. It is estimated that the search giant spent more than two billion dollars on the Internet. This represented an increase of 21% over the previous year, which is quite a large sum when you take into account that it represented nearly half of the entire market investment.
No other site came close to breaking the record set by Google when it came to spending. If the trends continue, then we can expect to see Google dominating the search market for at least the next five years.
Apple Computers/ iPhone and iPad were also named as the two leading big tech companies last year. It is easy to understand why these two companies are so dominant. They created a technology that allows people to do almost anything with their mobile devices, while providing a wealth of applications that can be downloaded for use on the iPhone and iPad. People cannot deny that these are some of the most advanced technologies in existence.
Microsoft and Google are not far behind in the race to become the world’s biggest and most profitable companies. If they continue to lead the pack in technology, then we may have a problem on our hands in the U.S. economy. There are many indicators that the Pandemic could be coming in the future, and this includes the case of Amazon, whose incredible rise to power could also spell trouble for the U.S. economy.
The main reason that Amazon is on its way to being the largest company in the stock market today is because it has a very unique marketing strategy. It doesn’t sell products like everyone else. Instead, it sells digital goods, or ebooks.
It is an online book store that attracts customers from all walks of life through its unique approach to ecommerce. Amazon’s ability to grow at such a rapid pace has many experts predicting that the next few years will see a tremendous amount of consolidation among the big tech companies.
Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz and Chris Hughes were attending Harvard University’s Massachusetts Institute of Technology when they created Facebook. The reason why they chose to create Facebook was that they wanted to create something that would help people get connected.
Within a couple of years, the social media giant has become one of the biggest businesses in the world with sales in every country around the globe. For the big tech companies, the next few years will see them fight for the position of being the top company in their niche.
The battle for market dominance will be interesting to watch over the next several years. Currently, Google and Amazon to hold the lion’s share of the ecommerce market. However, it is not out of the question that smaller companies enter into this area in the upcoming years as well.
Incumbent companies like eBay, Amazon and Overstock have already begun to explore the market. Analysts believe that there will be significant consolidation in the next few years as the market penetration rises. This will mean that some companies will remain bigger than others, but overall the market will become more consolidated over the next few years.
The future for these companies is bright. They have already demonstrated that they are willing to acquire companies for pennies on the dollar and that they use social media to do so. They are now in a position to use their scale, popularity and market dominance to do very interesting deals.
If you are in the market for acquiring a socially accountable company, now is the time to act. There are too many acquisitions waiting to be made by these large technology companies to miss out on a great opportunity. Find companies that will integrate your business quickly and you will be able to take advantage of the real potential that these companies have.