Which companies are active in the technology sector?

The technology field is huge, but also very diverse. Technology-based companies can be anyone that specializes in the technology sales side of digital goods and services, such as: B. Your everyday products like mobile phones, computers and e-reader tablets, or it can be behind-the-scenes applications that affect internal hardware and management systems.

You could probably guess that some of the top dogs in the tech sector are companies like Amazon, Google, Microsoft, Facebook, and Samsung, among many others that you might not even think of as tech giants like Salesforce, Intel, or Cisco.

Within the technology sector

There are several specializations within the technology sector to differentiate the largest companies in this field. Software applications, consumer electronics, semiconductors, software infrastructure, computer hardware, and communications equipment are some of the top specialties of technology companies.

Let’s break these down a little further.

computer program

Platforms like Salesforce, Jobber and Blue Folder are the backbone of many companies and agencies. Software application companies are a core part of businesses. If the application malfunctions, the business cannot function smoothly.

Salesforce specializes in what is known as Customer Relationship Management, also known as CRM. A close relationship between customer and company not only means more transparency, but also increases brand loyalty.

Jobber is also a CRM application while Blue Folder is an FSM, short for Field Service Management. You can probably guess that a key difference between CRM and FSM applications is the keywords “customer” and “field”.

CRMs have a closer relationship between a company and a customer. FSMs have a relationship between a company, its employees and its services.

consumer electronics

Every time you browse the Apple Store for the latest iPhone or buy a new laptop from Microsoft, you’re dealing with a resource on consumer electronics, a big market in the technology space.

Among many others, Apple, LG, Samsung, Microsoft and Amazon are some of the towering names in consumer electronics. Apple has been a top dog since 2007 when they introduced the iPhone and changed the way consumer electronics were enjoyed by the public.

They paved the way for the one-button interface and pioneered full-screen touchscreen electronics.

Samsung is increasing sales of TVs, smart wearables like watches, and GPS systems. LG is a mass producer of home appliances and home entertainment, while Microsoft will go down in history with the Xbox. The list of groundbreaking consumer electronics companies is endless.

Amazon

Arguably the largest and most profitable technology company in the world, millions of Americans shop at Amazon every day. For some, it’s convenient to have anything and everything at their doorstep within a few days. For others, it’s the ability to buy a new wardrobe, school supplies, books, and household items all in the same place.

Amazon differs from the other tech giants in that it’s a customer-centric company that puts its customers first, not the technology.

While it’s its customers who drive its continued success, it’s not its products that make Amazon the tech leader, but its innovative systems. You cannot have a successful business without successful systems running the website.

One of Amazon’s most important features is ease of use. You can go to the site, type in a keyword and instantly find items that may be at your doorstep in a few days. Amazon offers its own line of electronic products like the Kindle, which has conquered the lives of readers everywhere with its easy access and convenience to multiple books in the palm of their hand.

Another well-known product is home automation product Alexa, which is truly driving consumers’ homes and remains popular for its ease of use, accessibility, and convenience.

semiconductor

Technology companies specializing in semiconductors can be found in most technology devices, be it for entertainment, medical or information systems.

Every mobile phone, every computer, every x-ray machine and every PlayStation contains a semiconductor. They consist of small silicon devices that pass electricity through the device. Semiconductors, often referred to as chips, have four main uses; Memory, microprocessors, off-the-shelf integrator circuits and complex SOC (System-on-a-Chip).

Not surprisingly, companies like Intel, Micron, and NVIDIA are successful semiconductor manufacturers.

software infrastructure

Infrastructure software is a management tool that helps with hosted applications. So this means that the infrastructure is the backbone of an operating system and ensures that all components for the company run smoothly.

The infrastructure components of a particular application may vary. Still, many have at least those bones—web server, firewall, application server, intrusion detection system, and file storage.

Companies like Microsoft, Oracle, Adobe and IBM are powerhouses of the infrastructure world. They produce critical components for every platform they support.

computer hardware

Computer hardware goes much further than basic external hardware like monitors, keyboards and the like. Hardware companies manufacture internal hardware that goes on for performance in technological devices such as RAM, motherboards, SDD, ODD, card readers and the list. Apple, Dell and HP are major manufacturers in the technology sector of internal and external hardware.

share

What does the stock market have to do with technology companies? More than you might think. The rise and fall of the stock market shows how much a company’s stock is selling. Due to the rapid changes in technology, the stock market is extremely important. This applies not only to consumers, but also to the companies themselves, to whom they can orient themselves. At any point in time, you can see how valuable a company is from one day to the next.

Companies like Apple (AAPL), Alphabet (GOOG), and Meta Platforms (META) are all high-profile tech stocks that move in the market every day. Stock costs can climb to hundreds of dollars, making it difficult for some companies to be long-term shareholders.

Others are much more affordable, but the stocks themselves can feel smaller and less significant. Because of this, it’s quite common to buy and sell multiple stocks at once in order to make a profit.

Conclusion

Now that you have a better understanding of what the technology field and industry can be and how broad it is, you can dive deep into the technology sector and its place in the stock market. You can see where growth is being encouraged and how you can benefit from that growth.

Credit for select images: Pexels; Thanks very much!

Brad Anderson

Brad Anderson

Editor-in-Chief at ReadWrite

Brad is the editor who oversees contributed content at ReadWrite.com. He previously worked as an editor at PayPal and Crunchbase. You can reach him at brad at readwrite.com.

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