You must have probably heard of IBM, Google, Amazon, Microsoft, Hewlett Packard, and Cisco Systems. They constitute some of the most high-ranking tech companies in the world. But, have you ever puzzled over the set of technology enterprises these competitive establishments belong to?
In 2015, the tech-giant, HP separated into two businesses; HP Enterprise and HP Inc. Hewlett Packard Inc specialized in retailing consumer products, which include desktop, laptops, printing, scanning, and software products. On the other hand, Hewlett Packard Enterprise focused on enterprise infrastructures. These entail enterprise software, enterprise storage, servers, and networking.
The move by HP hints us of the possibilities in classifying tech ventures. However, the fact that technology touches on every area out there makes it challenging to come up with a standard classification of technology operations.
Even so, despite the dynamics associated with technology establishments, we can still classify them in various ways says Fusion Computing Limited IT Company Toronto. These categorizations can be based on:
What they sell; Technology Hardware or Technology Software Companies
Software and hardware work hand-in-hand. Making it a bit confusing distinguishing between the two sectors. A tech company that creates software which other companies can leverage for coming up with other software or related products can be referred to as a Tech Software Enterprise. Adobe and canonical are such good examples.
On the other hand, a technology hardware establishment majorly invests on hardware products. They create hardware platforms and frameworks for other enterprises to run their operations. For example, Nvidia and Intel. The bottom line is whether a company produces software or hardware development tools. Either way, they qualify as tech companies into their respective area of specialization.
Under some circumstances, companies can qualify as both software and hardware enterprises. For example, Apple produces both hardware and software frameworks.
The industry they serve; for example Retail Tech Enterprises or Healthcare tech Enterprises
Tech companies can be categorized into the industries they serve. Especially if they have a product targeted at a specific niche. For example, Thermo Fisher Scientific is an enterprise solely dedicated to the biotechnology niche. Esri, on the other hand, are market leaders at geographic information systems software among other related geospatial technologies. A tech company offering managed IT services for different niches also falls into the same bracket.
Their consumers; B2B Tech Corporations or B2C tech Syndicates
Just like in the case of hardware and software tech houses, some businesses fall into both B2B and B2C technology establishments. Business-to-business tech companies sell their different tech products to businesses. They consumer enterprises, in turn, utilize such products to engineer their operations. On the other hand, Business-to-consumer tech houses vend their products to final consumers. The buyers do not use such products to produce other goods or services, but for their own conveniences. Google is an excellent example of both a B2B and B2C tech giant.
In summa, a company can fall into one or two categories, based on their various wings of production and marketing. This especially applies to big tech enterprises, with services spread across multiple industries.