What drives increased revenue for these giant firms?
The chart below shows the revenue leaps made by each of these giant firms during the years of 2018 and 2019. There are several tools used by these firms to increase the size of their revenue, ultimately leading to development and growth. For instance, Google ads might seem so trivial in the eyes of an ordinary person, but for the company, it holds a great amount of significance because these ads are the fastest way to reach the customers hence, causing a rapid increase in the size of company revenue. Similarly, companies such as Facebook, Microsoft, Amazon have also implemented vital user-friendly features into their services for better and big outcomes.
Big Tech is way ahead of the GDP of countries
The different revenue sizes of each of these companies confer to the fact that the Big Tech is way ahead of the GDP of countries. In reference to the chart, the total revenue of these big companies is calculated to be more than the GDP of four G20 nations, which is an incredible achievement for Big Tech. Considering the tools such as user database, cloud, and other advanced versions of software, these giant firms are likely to generate big revenues in the future.
Infographic by: Visualcapitalist.com