In 2023, software and tech hosting/cloud services/MSP companies had a much higher spending share on IT than other industries, amounting to 19 percent and 16 percent of their revenues, respectively. By contrast, the consumer products and services industry invested only around five percent of their revenue in IT. Overall, all industries increased their IT spending per revenue share in 2023 compared to the previous year.

Cloud computing

Cloud computing is an essential IT service that utilizes a network of distant servers hosted over the Internet to store, handle, and process data. This segment of IT services was projected to generate revenues exceeding 670 billion U.S. dollars in 2024 and is expected to continue its rapid growth trajectory. Managed Services Providers (MSPs) provide companies with the expertise and technical support to manage their cloud infrastructure and products without the need for in-house specialists. Cloud computing is segmented into three main categories.

Software as a Service (SaaS) delivers software applications over the Internet, on a subscription basis, freeing companies from software and hardware management. Infrastructure as a Service (IaaS) offers a virtualized computing infrastructure managed over the Internet, allowing businesses to avoid the costs and complexities of purchasing and managing physical servers and data center infrastructure. Platform as a Service (PaaS) provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure.

The statistic depicts the annual average sales revenue per business enterprise in the software industry in Japan in 2018, by company size based on the number of employees. That year, the average annual sales revenue of software companies in Japan was about 67.6 billion Japanese yen. Software companies with 500 or more employees generated an yearly average of almost four trillion Japanese yen per business enterprise.

In 2024, Cargill was the largest private company in the United States, by revenue. That year, they had a revenue of 160 billion U.S. dollars. In comparison, gas station company QuikTrip made around 19.6 billion U.S. dollars. Cargill Cargill is a multinational corporation that focuses on agricultural services, crop and livestock, raw materials, and health and pharmaceuticals. Most of their business focuses on purchasing and distributing grain, palm oil, energy trade, and steel. It is a family-owned business headquartered in Minnetonka, Minnesota, and founded in 1865. It operates in over 60 countries, has about 150,000 employees, and is responsible for about a quarter of all United States grain exports. Additionally, it also supplies about a quarter of the domestic meat market. Largest U.S. companies United Healthcare Group was the largest health insurance company in 2018, while SC Johnson was the largest private household and personal care product company. United Healthcare is also headquartered in Minnetonka, Minnesota, while SC Johnson is headquartered in Racine, Wisconsin. United Healthcare is not only the largest health insurance company in the United States, but also worldwide. Furthermore, SC Johnson is one of the oldest family-owned companies in the country, and currently over owns over 20 brands.

Volkswagen had by far the highest annual revenue of all companies based in Germany in 2024, at approximately 348 billion U.S. dollars. BMW had the second highest annual revenue at 168 billion U.S. dollars, followed by Mercedes-Benz which had a revenue of 165 billion U.S. dollars.

The median revenue and total expenses of the global listed software companies have been on a steady growing trajectory the past two years. Median revenues increased from 29.4 million U.S. dollars in 2019 to 33.9 million in 2020. Overall, listed software companies have made more money than they have spent in recent years.

The revenue and expense figures are based on aggregated annual reports and recent data from listed companies. A more detailed methodic description can be found in the report Software financial KPI benchmark.

The net revenue of the Swedish telecommunications operator Telia Company was worth nearly 90 billion Swedish kronor in 2023. Overall, the net revenues of Telia Company fluctuated over the past decade. Starting at 96.34 billion Swedish kronor net revenue as of 2007, the amount peaked in 2009, when the net revenue amounted to 109.55 billion Swedish kronor. It reached its lowest amount in 2014, amounting to 81.13 billion Swedish kronor. Despite a recovery in net income in 2021 following the previous year net loss, Telia copmpany reported its second annual loss in 2022, with around 14 billion Swedishkroner in net loss. Telia fiscal year end December 31st.Telia’s services Telia is a leading telecom operator, headquartered in Stockholm. The revenues of Telia in 2022 were distributed unevenly and about 40 percent of them came from mobile services. Equipment composed 15 percent of the revenues of the company, while fixed services accounted for around 37 percent of revenue.   Sales in different countriesSweden had the biggest share of net sales of Telia that year, compared to the other countries where the company operates. About 40 percent of the net sales were in Sweden, 19 percent in Finland and 17 percent were in Norway.

Shell had the highest annual revenue of all companies based in the United Kingdom in 2024, at approximately 289.7 billion U.S. dollars. BP had the second-highest annual revenue at 202.8 billion dollars, followed by HSBC Holdings, which had a revenue of 144.9 billion U.S. dollars. In terms of global employee numbers, however, Compass Group had the highest number among UK-based businesses, at approximately half a million in 2024, followed by Tesco at 345,000 and HSBC at almost 214,000. Big Oil, a banking giant, and Britain's top supermarket chain The two companies listed as having the most revenue in the UK this year also two of the biggest oil and gas companies in the world, alongside Chevron, Eni, ExxonMobil, and TotalEnergies. After a huge surge in energy prices in 2022, these companies saw their profits recede slightly in 2023, but clearly remain in strong financial positions. HSBC Holdings, meanwhile, was the largest bank in Europe in terms of market capitalization, and was estimated to have the third-highest number of UK-based customers in 2023. The company with the fourth-highest revenue in this year, Tesco has by some distance the largest grocery-market share in Great Britain, a position it has maintained despite growing competition from discounters like Lidl and Aldi. UK economy health check In the first two quarters of 2024, the UK economy grew by 0.7 percent, and 0.6 percent, emerging from a brief recession at the end of 2023. Consumer Price inflation, which reached a peak of 11.1 percent in October 2022, fell below two percent in September 2024, for the first time since April 2021, potentially leading to further interest rate cuts. Despite these generally positive signs, business confidence in the UK in September 2024 was lower than at any point since early 2021. Company insolvencies in England and Wales have also reached levels not seen since the global financial crisis in the late 2000s. This generally mixed picture will be influenced by the next government budget set for the end of October 2024, which may see certain taxes increase due to the UK's tricky fiscal situation.

In 2024, Meta Platforms generated a revenue of over 164 billion U.S. dollars, up from 134 billion USD in 2023. The majority of Meta’s profits come from its advertising revenue.Meta’s total Family of Apps revenue for 2022 amounted to 114 billion U.S. dollars. Additionally, Meta’s Reality Labs, the company’s VR division, generated around 2.1 billion dollars. Meta’s marketing expenditure for 2022 amounted to just over 15 billion U.S. dollars, up from 14 billion U.S. dollars in the previous year. Increasing audience base despite privacy misgivings Meta’s user numbers have continued to grow steadily throughout past years. In the fourth quarter of 2022, there was a total of 3.74 billion worldwide users across all of Meta’s platforms. For this same time frame, the company recorded 407 million monthly active users across Europe. Downloads of Meta’s app Oculus, for which virtual reality headsets are required, increased greatly from 2020 to 2021, reaching a total of 10.62 million downloads by the end of last year. Up until 2021, downloads had grown in a steady manner but from 2020 to 2021, they more than doubled.User numbers have increased despite data security issues and past controversy such as the Cambridge Analytica scandal in 2018. There remains skepticism surrounding the idea of the metaverse in which Meta aims to immerse itself. Of surveyed adults in the United States, the majority said that they were concerned about their privacy if Meta were to succeed in creating the metaverse.

The energy company Energetický a průmyslový holding had the highest revenue of all Czech companies in 2023, with a revenue value of over 581 billion Czech koruna. However, this was a huge decrease compared to the previous year when its revenue was 911.9 billion Czech koruna. The car manufacturer Škoda Auto finished second with nearly 580 billion koruna, at the same time, it has recorded its highest revenue ever. ČEZ, an energy company, with over 340 billion koruna was placed third.

Target Corporation operates a chain of general merchandise stores, which offer a wide variety of general merchandise and food to their customers. The company has operated primarily in the United States since its inception. Target did have a number of stores in operation in the Canadian market, but these were all closed in 2015. Target Corporation had revenues amounting to approximately 106.57 billion U.S. dollars in 2024, making it one of the leading American retailers. The development of an American retail giant The company started out as the Dayton Dry Goods Company in 1902, later changing its name to the Dayton Company, but more commonly known as Dayton’s. The company was run under the Dayton-Hudson Corporation banner up until the year 2000, when it was renamed Target Corporation. The company spread across the United States and even entered the Canadian market for brief period. Target Corporation has an impressive number of stores in the United States. Today, Target is one of the most valuable retail brands in the world. Where does Target’s revenue come from? Target Corporation sells a wide range of goods, such as food, apparel, household essentials, and seasonal offerings, as well as many others. The company also sells products online, through target.com. Target’s sales share is quite evenly distributed, with several high revenue segments.

The revenue of Honest Company with headquarters in the United States amounted to 344.36 million U.S. dollars in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2019 this is a total increase by approximately 108.77 million U.S. dollars. The trend from 2019 to 2023 shows, however, that this increase did not happen continuously.

This graph shows the revenue of Eli Lilly and Company from 2022 to 2024, sorted by region. Eli Lilly is one of the top global pharmaceutical companies and a world leader in diabetes medicines. In 2024, the company generated some 1.8 billion U.S. dollars of its revenue in Japan, an increase compared to 2023.

The global big data and business analytics (BDA) market was valued at 168.8 billion U.S. dollars in 2018 and is forecast to grow to 215.7 billion U.S. dollars by 2021. In 2021, more than half of BDA spending will go towards services. IT services is projected to make up around 85 billion U.S. dollars, and business services will account for the remainder. Big data High volume, high velocity and high variety: one or more of these characteristics is used to define big data, the kind of data sets that are too large or too complex for traditional data processing applications. Fast-growing mobile data traffic, cloud computing traffic, as well as the rapid development of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) all contribute to the increasing volume and complexity of data sets. For example, connected IoT devices are projected to generate 79.4 ZBs of data in 2025. Business analytics Advanced analytics tools, such as predictive analytics and data mining, help to extract value from the data and generate business insights. The size of the business intelligence and analytics software application market is forecast to reach around 16.5 billion U.S. dollars in 2022. Growth in this market is driven by a focus on digital transformation, a demand for data visualization dashboards, and an increased adoption of cloud.

In 2024, Google's parent company reported an annual revenue increase of 14 percent. In 2023, video content and streaming platform Netflix increased its annual revenue by seven percent. Meta Platforms (formerly Facebook Inc.) generated a 16 percent year-on-year revenue increase during the same period. Additionally, Amazon had a year-over-year revenue increase of 12 percent for its fiscal year of 2023.

In 2023, Ecopetrol was the largest company in Colombia with a revenue of approximately 129.51 trillion Colombian pesos, followed by Refinería de Cartagena S.A.S., with a revenue of over 32 trillion Colombian pesos.

According to the estimated annual aggregate revenue of U.S. record production and distribution companies from 2005 to 2021 there has been a steady increase in revenue. In 2022, integrated production and distribution companies generated an estimated total revenue of 11.78 billion U.S. dollars.

The New York Time Company's revenue reached 2.43 billion U.S. dollars in 2023, an increase from the 2.31 billion U.S. dollars reported in the previous year. The 2023 result marked the third time the figure surpassed two billion U.S. dollars since 2010.

In 2021, the leading publicly traded company headquartered in Florida was Publix Super Markets. That year, they had a revenue of 45.2 billion U.S. dollars. Following Publix Super Markets was Jabil, which had a revenue of 27.27 billion U.S. dollars.

The revenue of The Williams Companies with headquarters in the United States amounted to 10.91 billion U.S. dollars in 2023. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2019 this is a total increase by approximately 2.71 billion U.S. dollars. The trend from 2019 to 2023 shows, however, that this increase did not happen continuously.

In 2023, American multinational holding company Berkshire Hathaway was the largest global insurance company, with revenues over 364 billion U.S. dollars. The insurance industry Insurance is the transfer of the risk of a potential loss from one entity to another in exchange for payment. It is a form of risk management used to ensure some degree of financial security in the face of uncertain loss. The individual or institution that purchases the insurance policy from the supplying company is known as the insured or the policy holder. The amount of money charged to the organization or person for the insurance coverage is known as the premium. The practice which determines the level of risk that exists, and therefore the value of premium for the coverage, is carried out as part of the risk management processes. If a major event occurs, natural catastrophic events for example, then insurers must cover the cost. It may be the case the insurer has a number of insured entities, and has a high level of exposure. This is why insurance involves pooling funds from many different sources in order that funds are sufficient to pay for the losses that could be incurred in some cases. In order that risk may be shared out, and some of the financial burden may be divided, insurance companies often transfer some of the risk to reinsurance companies, who purchase insurance from the insurance company. This passing of the risk allows insurers to issue policies with higher limits than would otherwise be allowed, making it able to take on more risk because of the displacement of the risk that has been passed on to the reinsurer.