Microsoft and Amazon topped Global Supplier Business Revenue 2021
Microsoft and Amazon were ranked as the top IT vendors in terms of global business revenue and revenue growth, respectively, in 2021.
Over the past year, Microsoft has been recognized as one of the world’s top 13 IT vendors for its annual revenue with $ 120 billion in sales to businesses and service providers, according to the analytics firm of Synergy Research Group market.
Although this represents 24% year-over-year growth, Amazon took the crown for the highest percentage of growth in 2021, out of the top 13, with growth of 36%, the company said.
Behind Amazon was Salesforce with 35% growth and Microsoft with 24% growth. The rest of the top 13 saw only single-digit growth, with the exception of IBM, Fujitsu and Ericsson, which remained stable, and Huawei, which fell 9%.
In total, the 13 suppliers brought in US $ 613 billion during the year, an increase of 10% from the previous year.
âThe performance of the tech titans was a bit mixed in 2021, but the good news is that only Huawei saw its revenue drop and that was due to factors largely beyond its control. In a wide range of enterprise technology markets, vendors experienced double-digit revenue growth, âsaid John Dinsdale, chief analyst at Synergy Research Group.
âCloud and software-driven markets have been the best performers, driving exceptional growth for AWS [AmazonÂ Web Services], Microsoft and Salesforce. Suppliers whose sales are primarily focused on more traditional products or on-premise infrastructure will continue to struggle to generate exciting levels of growth. ”
In 2020, Microsoft was named the corporate ‘mega-vendor’ of the decade by Synergy Research Group, generating US $ 50 billion in annual revenue in direct and channel sales since 2009, followed by Amazon with over US $ 30 billion.
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