Computers rely on programs that convert physical hardware into useful work. Software, which comprises programs and data running on a computer, plays a vital role in modern technology. There are four main categories of software: programming services, system services, open-source, and software as a service. Software companies generate revenue through software licensing, maintenance services, subscription fees, and support services. The advent of cloud technology has enabled customers to access software quickly through monthly membership fees, creating a rapidly growing sector. Notably, software companies are prominent developers of enterprise solutions worldwide.
The significance of software in the technology industry cannot be overstated as it drives day-to-day business operations. Software serves various purposes, such as entertainment, business, and security. To explore the top ten software companies in terms of revenue or subsidiary, we analyze their 12-month trailing sales data.
1. Microsoft
Microsoft offers a diverse range of products and services.
It was founded in 1975 by Bill Gates and Paul Allen.
Some of its popular software products include the Windows operating system, Microsoft Office suite, and Internet Explorer and Edge web browsers.
The company’s main selling gear includes the Xbox video game consoles and the Microsoft Surface line of touchscreen personal PCs.
In 2020, Microsoft ranked No. 21 on the Fortune 500 list of the largest companies in the United States.
It holds a position as one of the world’s largest software firms in terms of revenue.
As one of the “Big Five” corporations in the IT industry, it plays a significant role in the United States.
M.S. Office streamlines fundamental office tasks and enhances productivity.
Each program in the suite is tailored for specific activities such as word processing, data management, presentation creation, and email management.
2. Oracle
Oracle, the second-largest software company globally, was founded on June 16, 1977, by Larry Ellison, Bob Miner, and Ed Oates.
Headquartered in Redwood City, California, Oracle holds the distinction of being the largest provider of database software and Software as a Service (SaaS) worldwide.
With a staggering $32.9 billion in global revenue generated last year, Oracle continues to maintain its position as a market leader.
The scope of Oracle software usage extends to various domains, including Customer Relationship Management (CRM), Enterprise Resource Planning (ERP), Oracle EPM Cloud, Human Capital Management (HCM), and Supply Chain Management (SCM).
3. SAP
SAP, also known as System Analysis Program Development, stands as the third-largest non-American company, aiding businesses in finance, logistics, and human resources.
As a German corporation, SAP holds a global presence, particularly dominating the European market.
Founded in 1972 by five former IBM engineers from Germany, the company’s headquarters are located in Walldorf, Baden-Wuerttemberg.
Serving its global and international customers, SAP offers software solutions like SAP R/2, SAP R/3, and SAP S/4HANA.
SAP’s renowned expertise lies in Enterprise Resource Planning (ERP) software, artificial intelligence (AI), and machine learning, making it the worldwide market leader in these fields.
4. Salesforce
Salesforce, the world’s fourth-largest software company, was founded in 1999 by four former Oracle executives. With its headquarters in San Francisco, California, the corporation generated an impressive $10.5 billion in revenue in 2018. Dominating the market, Salesforce leads in business software, marketing automation, analytics, application development, and customer Relationship Management (CRM) Software. Offering a wide range of solutions, Salesforce.com provides marketing automation, customer support, operations, and sales solutions, among other services. Renowned for its technology platform, the company enables users and developers to create and operate various business-related applications.
5. Broadcom
Broadcom, a major semiconductor company, was established in the USA in 1961.
The founders of this company are Henry Samueli and Henry Nicholas.
C.A. Technologies, a subsidiary of Broadcom, specializes in enterprise software.
NortonLifeLock (formerly known as Symantec) is another subsidiary company under Broadcom.
NortonLifeLock is a renowned leader in security software.
Infrastructure software is also a part of Broadcom’s offerings.
Due to its diverse product portfolio, Broadcom has risen to become one of the world’s top five software companies.
Broadcom’s clients utilize their semiconductors and infrastructure software in various markets, including data centers, networking, internet, wireless, storage, and industrial sectors.
6. Adobe
Adobe Systems is well-known for its Adobe Photoshop, graphics, web, and video editing tools. It is an American software company having headquarters in San Jose, California. Each of its products has significant use and is a leader in its market. Adobe was founded in December 1982 by John Warnock and Charles Geschke. The graphics editing software series Photoshop is likely the most well-known product of the San Jose, California-based firm. It is famous Software for multimedia and creativity as well as among digital marketers.
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7. Dell
Dell Technology primarily specializes in producing PCs and notebooks. It is located in Texas and is owned by Dell Technologies. Dell holds a significant stake in VMware and various virtualization software companies. In addition, Dell is the owner of Secureworks, a cyber security firm, and RSA Security, which deals with encryption software.
During 1984-88, Dell Inc. had a limited focus on PCs, but in 1988, it transformed into Dell Computer Corporation, a position it held until 2003. The software developed by Dell is widely used by international corporations for manufacturing, selling, and presenting personal computers and other computer-related products.
The headquarters of Dell is situated in Round Rock, Texas.
8. HCL
HCL is a global Indian information technology services company. It specializes in software outsourcing, consulting, and creating enterprise software. The company’s headquarters is located in Noida, India. HCL operates in 32 countries worldwide. The industries it serves include aerospace, defence, automotive, consumer electronics, energy and utilities, banking, Hi-Tec, independent software vendors, industrial manufacturing, mining and natural resources, life sciences and healthcare, media and entertainment, retail, consumer, oil and gas, telecom, public services, semiconductors, server and storage, travel, transportation and logistics, and hospitality.
9. Intuit
Intuit, a renowned financial and business software company, was established in 1983. The company’s roots lie in Palo Alto, California, United States. SMEs and self-employed businesses consider Intuit as their top choice for software solutions. It simplifies tax and accounting management, making it effortless. QuickBooks accounting software, Lacerte, and TurboTax tax preparation software are among Intuit’s popular products. The company’s goods are advantageous to individuals, small enterprises, and accountants alike.
10. Fiserv
Fiserv is a company located in Wisconsin, specializing in financial software.
Its clients primarily include banks, security brokerages, and credit unions, spanning from large corporations to small enterprises and other organizations.
The company offers various solutions to its clients, such as account handling and digital banking services.
Some notable features provided by Fiserv are easy card issuance, payment methods, e-commerce transactions, and securities broker-dealer services.
Additionally, the company offers Clover, a cloud-based product, to its clients.
Fiserv boasts an impressive standing as one of the FORTUNE 500 Companies and is also a member of the S&P 500 Index.
Its headquarters are situated in Brookfield, Wisconsin, and it has been recognized as one of FORTUNE Magazine’s World’s Most Admired Companies.
