Top 20 Software Industry Companies in 2024
We can see that the Technology is playing a super-important part in this world. With the latest technology and softwares, the work has become much easier than ever. Even the businesses rely on the technology infrastructure to maintain the operations.
The increased demand in the software industry can be a reason behind its growth at 18% in 2024. There is a huge demand for the software companies for building customized and useful software programs for the businesses and even the individuals.
The vastness of the industry can be experienced from your smartphone. You just have to notice how many apps you are using and who made them. You might be using tens of apps on a daily basis and numerous software programs while in the office or at home.
Be it the consumer market or the B2B market, the Top Software Industry companies have captured everything. It’s a big game, and these companies are scoring well. Let’s know more about the Top 20 Software Industry Companies in 2024.
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Top Software Companies in 2024 by Market Cap
#1 – Microsoft
Microsoft has been a long time leader in the software industry. It has pioneered the consumer software world with the launch of Windows Operating System. Microsoft is currently the biggest software focused company in 2024. They are located in Redmond, Washington, USA and have nearly 220 office locations spread around the world.
Even after being ousted as the top player in Tech Industry by Apple, Microsoft still in the game and becomes the top contender in this list. Microsoft’s core products are Cloud services for enterprises, the Windows Operating System for Enterprises and Consumers, Artificial Intelligence, and others.
As of now, Microsoft’s market capital is $3.205 trillion. ( Companies Market Cap )
#2 – Alphabet Inc
You might not see the mention of Alphabet Inc that much, but it’s the parent company behind Google Search Engine. Google is currently the largest search engine in the world by volume of searches. Alphabet, Inc has a headquarter in Mountain View California with more than 70 office locations.
Alphabet INC has a few core products under its belt. The biggest product is the Google Search Engine itself. After that, cloud services were introduced, such as Google Cloud, enterprise solutions with Google Workspace, and many others.
As of now, the market capital of Alphabet Inc. is $2.009 trillion. ( Companies Market Cap )
#3 – Oracle
Oracle is one of the biggest companies in the software development industry. Oracle offers a wide range of enterprise solutions with their Database Management Systems, Enterprise softwares for Healthcare, IT and cloud infrastructure services.
Oracle is located in Austin, Texas, USA, and has more than 270 office locations all around the world. The current market capitalization of Oracle is $467.58 Billion according to the data shared by Companies Market Cap.
#4 – SAP SE
SAP SE is one of the biggest enterprise software companies with a huge range of key products. SAP offers the Enterprise Resource Planning software programs for the big and medium enterprises.
The Core products of SAP SE includes the SAP S/4HANA, SAP CRM, SAP ByDesign and many others. The company has headquarters in Walldorf, Germany and offices in 26 locations worldwide.
As we write this blog, the current market capitalization of SAP SE is $265.96 billion.
#5 – SalesForce
SalesForce is helping the businesses with their curated and customizable Enterprise Cloud SaaS service. The CRM from Salesforce is quite powerful and currently being used by thousands of big companies for their operations.
The core products of Salesforce include Tableau, Salesforce Cloud, Sales cloud and AI solution named Einstein 1. Salesforce is headquartered in San Francisco, California. According to the data, Salesforce has grown 11% in revenue compared Year on Year in 2024.
Currently, SalesForce has a valuation of $264.46 Billion.
#6 – Adobe
Adobe has become a well-known name amongst people as we all have once used their products. The Adobe Acrobat Reader, Adobe Photoshop, Adobe Illustrator are a few names from their creative cloud suit.
Adobe aims to provides the software solutions to fulfill the needs of individuals, creative professionals and also the big businesses. It has the main office in San Jose, California and has 69 office locations worldwide.
The current market valuation of Adobe Inc. is $226.94 Billion.
#7 – Accenture PLC
You must have heard about Accenture in either news or through your friends. The company has a good reputation in the industry and provides high-end software services and platforms for businesses. Also, it provides services like Cloud Computers, Automation, Data Analytics, and IT Consultations.
Accenture is an Irish company with Headquarters in Dublin, Ireland. The current market cap of Accenture is $218.91 Billion.
#8 – IBM
IBM is one of the oldest software companies in our list. The company incorporated in 1911 has significant contributions in the technology industry. The company has always focused on the enterprise solutions including the cloud services and data analytics.
IBM has emerged as a big player in the software industry in 2024 due to its focus on Artificial intelligence, enterprise cloud and supercomputing solutions for businesses and institutions. IBM has headquarters in Armonk, New York with global presence in more than 170 countries.
The current market cap of IBM is $203.42 Billion.
#9 – Deloitte
Deloitte is a conglomerate that deals with a variety of services, with a primary focus on software development, software consulting, and financial technology. Deloitte is located in London, England, and has more than a few hundred locations all around the world.
Unlike other software companies mentioned in this post, Deloitte is privately owned and does not have approximate market cap data. But according to the reports, it can have market capital of $200 billion and more if traded publicly.
#10 – ServiceNow
ServiceNow is a fairly new entrant in the software industry and has already made it to the biggest software industry companies list. ServiceNow offers cloud based solutions for businesses that help in business automation and workflow management.
The core products include the SaaS for IT, HR, and Operations departments of the businesses. The company has clients like Aramco, NASCAR, SIEMENS and many others. The headquarters are located in Santa Clara, California with global presence in 65 locations worldwide.
The latest market cap of ServiceNow is $182.15 Billion.
#11 – Intuit
Intuit is the parent company behind popular Saas products like Quickbooks, TurboTax, Mailchimp, and others. This company has earned a spot as one of the top software industry companies of 2024.
Intuit offers their software services for self-employed professionals, small businesses, medium and large enterprises. The company operates from their headquarters in Mountain View, California. As we write this blog, the market capitalization of Intuit is $178.50 billion.
#12 – ADP
ADP or Automatic Data Processing is another one of our oldest software companies worldwide. It was founded in 1949 and has headquarters in Roseland, New Jersey. The company deals in the enterprise software programs for HR, PayRoll, Attendance, Employee benefits and many other sectors.
The company has more than 140 office locations worldwide and serves a wide range of clientele. As of 2024, the latest market value of ADP is $111.88 Billion.
#13- Palo Alto Networks
Palo Alto Networks is a cybersecurity software company, which provides high-end solutions to ensure top-notch security to the enterprise architecture. This company deals in the cybersecurity solutions for enterprises like the Firewalls, access security, threat management and many others.
Palo Alto Networks operates from Santa Clara, California and has offices in 150 countries worldwide. As of 2024, the market capitalization of this company is $110.29 Billion.
#14 – Shopify
Shopify is currently helping millions of e-commerce sellers to build their websites and drive the sales. Shopify provides numerous solutions to the e-commerce sellers including the platform itself, themes, payment processing service and many others.
Shopify is headquartered in Ottawa, Canada, and offers its services in over 150 countries. It has built a global presence, supporting businesses around the world. As of the time of writing, Shopify’s market capitalization is valued at $104.16 billion.
#15 – Infosys Ltd
Infosys is an Indian software company that deals in providing tailor-made software solutions and consultancy to businesses all over the world. Infosys also offers other services like Business Process outsourcing, data analytics, applications development and others.
Infosys currently operates from its headquarters in Bengaluru, India and has presence in over 274 locations worldwide. As of the latest data, Infosys Market Cap is $92.74 Billion.
#16 – Palantir
Palantir Technologies is a popular company that deals in big data analytics software programs for businesses. It was founded by Peter Thiel, who is a former CEO of PayPal. Palantir specializes in providing software services for big data.
The company is located in Denver, Colorado, and has an approximate Market Capital of $83.03 Billion.
#17 – Synopsys
Synopsys is quite a unique software company that deals in the semiconductors industry. This company provides the software solution for semiconductor automation, software design, FAB testing and everything else.
The tailored solutions are delivered to popular businesses like automotive companies, semiconductor manufacturing companies, and IT companies. Synopsys is located in Sunnyvale, California. The latest Synopsys Inc. market cap is $79.15 Billion.
#18 – Cadence Design Systems
Cadence Design systems started in 1983 and provides the customized software solutions for Semiconductor, hardware, software, automotive and pharmaceutical industries. The key product of this company is the electronic design automation software, which is helpful in designing electronic circuitry.
Cadence Design systems has the market capital of $75.11 Billion and operates from San Jose, California with office locations all around the world.
#19 – CrowdStrike
You must remember this company from the recent Microsoft Windows outage. CrowdStrike is a cybersecurity software company that provides high-tech security solutions for enterprises. These solutions include cybersecurity protection, endpoint security, threat intelligence, and many others.
The company operates from its headquarters in Austin, Texas, and has only three offices worldwide. The latest market cap of CrowdStrike is $69.02 Billion.
#20 – Autodesk Inc.
AutoDesk is a reputed American Software company, which has numerous key products to offer. The company offers 3D Rendering software programs, Architecture management programs and Engineering software programs.
Autodesk Inc. operates from its headquarters in San Francisco, California, and has 45 worldwide office locations. The current market cap of Autodesk was 58.59 Billion.
Final Words
Software Industry companies in 2024 are dominating the global capital markets with insane valuations. The latest technologies, like SaaS or Software-as-a-service, are expected to grow at a rate of 10% annually through 2027, and the top software companies are gearing up to ride the growth wave.
Amongst all the parameters, we decided to use Market Capitalization to show you the list of Top 20 Software Companies around the world that are leading the market in 2024.