In this article, we will discuss the 15 most valuable software companies in the world. You can skip our detailed analysis of these companies, and go directly to 5 Most Valuable Software Companies in the World.
From small businesses to large enterprises, what do they all have in common? They all rely on competent software solutions for services, marketing, and sales to grow their businesses. In the past decade, we have seen how prominent the existence of technology has become in our economy. Due to its omnipresence, we often underestimate its hold on our lives. It is so closely interwoven in our everyday living that we can’t help but be dependent upon it. This rapid increase in demand has motivated companies around the world to come up with innovative and constructive software solutions to make everyday life easier.
Valued at over $580 billion, the software industry is revolutionizing the entire way of life with every software company fighting its way to the top. This article enlists the 15 most valuable software companies in the world based on a thorough evaluation of their market value.
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15. ServiceNow, Inc. (NYSE:NOW)
ServiceNow provides a cloud computing platform to help companies manage digital workflows for enterprise operations. It was founded by Fred Luddy as Glidesoft in 2003 and until 2005, Luddy was the sole employee working on developing the software. After it gained more employees and more earning came flooding in, the name of the firm was changed to its current name, ServiceNow. And now, with over 6,200 customers worldwide, they serve approximately 80% of the Fortune 500.
14. VMware, Inc. (NYSE:VMW)
VMware, Inc. (NYSE:VMW) is a cloud computing and virtualization technology company that, through its cloud computing and virtualization software services, addresses issues in information technology such as operational inefficiencies, business continuity concerns, software lifecycle issues, and general desktop management. VMware, Inc. (NYSE:VMW) was founded in 1998 and operated in stealth mode for at least a year until it publicly launched at the start of the year 1999. After its public launch, they delivered their first product by name of VMware Station in 1999. VMware, Inc. (NYSE:VMW)’s GSX Server and ESX Server led the company to enter the server market in 2001. VMware has achieved a lot since then, covering almost every aspect of software services from cloud services to databases to Kubernetes to cyber security and configuration management software, it is now among the most valuable software companies of the world.
13. Intuit Inc. (NASDAQ: INTU)
Intuit Inc. (NASDAQ:INTU) is one of the biggest companies to cater financial services. It specializes in providing financial software products like TurboTax for tax preparation, Mint for personal finance management, and QuickBooks to handle accounting for small businesses. Apart from these products, Intuit Inc. (NASDAQ:INTU) also provides TurboTax Free File as a free online service for tax preparation.
Intuit Inc. (NASDAQ:INTU) was founded by Scott Cook in 1983, who realized from his experience and quick wit that computers will soon replace the old paper-and-pencil-based accounting. Their first version of personal finance management tool was known as Quicken, written in Microsoft’s BASIC language. From Quicken and trying to retain their loyal customers while facing many competitors, Inuit has come a long way and has finally found its place among the noticeable software-providing companies of the world.
12. SAP SE (NYSE:SAP)
SAP SE (NYSE:SAP) is the largest German multinational software corporation that develops enterprise-level software to manage business and customer relations. It is known to be the largest non-American software company by the revenue it generates per year and is also the only German company you will find listed here among the most valued software companies of this year.
SAP SE (NYSE:SAP), officially known as SAP Deutschland SE & Co. KG, was founded in 1972 as a private partnership that later turned into a massive corporation of today’s time. SAP SE (NYSE:SAP) is reported to have over 425K customers in over 180 countries. Its massive success comes from the enterprise source planning (ERP) software it provides.
11. Shopify Inc. (NYSE:SHOP)
Shopify Inc. (NYSE:SHOP) is a Canada-based multinational e-commerce company that provides online retailers a bunch of services including online payments, business marketing, shipping, and customer engagement tools. In May 2021, it was reported that the company caters to over 1,700,000 businesses in over 175 countries which makes Shopify Inc. (NYSE:SHOP) the largest publicly traded Canadian company by its market capitalization.
10. Oracle Corporation (NYSE:ORCL)
Oracle Corporation (NYSE:ORCL) is a multinational technology corporation that provides database software and tech, cloud-based systems, and enterprise software products like Oracle database management system. Back in 1977, when Oracle Corporation (NYSE:ORCL) was founded, it was originally named Software Development Laboratories. This name was later changed to Relational Software, Inc. in 1979 as the co-founder, Larry Ellison, dedicated his time to making Oracle’s product compatible with IBM System R.
Among the many outstanding achievements of Oracle Corporation (NYSE:ORCL) are these products that helped Oracle be one of the most valuable software companies in the world: Oracle Database, Oracle Software Delivery Cloud, Oracle search engine, Oracle Fusion Middleware, etc. The company also develops tools for enterprise resource planning (ERP) software, human capital management (HCM), enterprise performance management (EPM), and supply chain management (SCM) software.
9. Netflix, Inc. (NASDAQ:NFLX)
Netflix, Inc. (NASDAQ:NFLX) is an SaaS company that sells software to watch licensed videos on demand. Its revenue comes from providing subscription-based online streaming services to users worldwide. Netflix, Inc. (NASDAQ:NFLX) was founded in 1997 by Marc Rudolph and Reed Hastings as a startup whose concept was to be able to sell and rent DVDs via mail. The business expanded in the year 2007 from DVD rentals to online video streaming platform. Netflix, Inc. (NASDAQ:NFLX) started from there and as of July 2021, it is reported that Netflix has over 209 million subscribers from around the globe.
8. salesforce.com, inc. (NYSE:CRM)
salesforce.com, inc. (NYSE:CRM) is a cloud-based company that provides customer relationship management (CRM) services to its customers. salesforce.com, inc. (NYSE:CRM) was cofounded by former Oracle executive Marc Benioff as a software as a service (SaaS) company in 1999. Since then, salesforce.com, inc. (NYSE:CRM) has seamlessly delivered hundreds of projects, from system architecture to integration with third-party systems.
Some of the noticeable projects delivered by the salesforce.com, inc. (NYSE:CRM) team are: Sales Cloud Einstein to analyze business data, Sales and Marketing Clouds integration to improve sales staff’s performance, implementing LiveMessage with Salesforce Service Cloud to upgrade customer service, etc.
7. PayPal Holdings, Inc. (NASDAQ:PYPL)
PayPal Holdings, Inc. (NASDAQ:PYPL) is a multinational company that provides financial software solutions as an alternative to checks and money orders. PayPal Holdings, Inc. (NASDAQ:PYPL) operates a secure online payment system for online money transfers to online vendors, auction sites, and commercial users. PayPal Holdings, Inc. (NASDAQ:PYPL) was established in 1998 under the name Confinity that sold security software for handheld devices. PayPal Holdings Inc.’s journey from Confinity to PayPal Holdings, Inc. (NASDAQ:PYPL) has paved a way for them to become the first foreign operator with complete control of payments in China.
6. Adobe Inc. (NASDAQ:ADBE)
Adobe Inc. (NASDAQ:ADBE) is a global leader in the digital marketing industry. Adobe Inc. (NASDAQ:ADBE)’s solutions for creativity, marketing, and publishing make it easier for everyone to master digital marketing with ease. Among its many products, Adobe Photoshop, Adobe Lightroom, and Adobe Illustrator take the cake when it comes to popularity and generating revenue for Adobe Inc. (NASDAQ:ADBE). Their recent product, Creative Cloud has been a massive hit among young graphics designers, video editors, and photographers.
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Disclosure: None. 15 Most Valuable Software Companies in the World is originally published on Insider Monkey.
