Software Industry¶
The software industry comprises the development, maintenance, and publication of software. The purpose of software defines industries’ functionality and domain.
As we know, U.S.-based big five companies are called FAANG including Facebook, Apple, Amazon, Netflix, and Google. All of these companies have their software for use on-premises as well as provide services to their customers as services or products.
Types of Software Industry¶
Depending on their niche expertise in the various industries, software industries can be mainly categorized into the following types:
Product Companies¶
Product companies are the companies whose majorly business is to make the products ( Product can be software or hardware). They also have an in-house IT department for handling the technical aspects of the product along with the marketing department for the product. Product companies such as:-
| Name of Company | Services / Products |
|---|---|
| Microsoft | Software, Operating Systems, Cloud Solutions |
| Apple | Hardware, Software macOS, iOS, Cloud Solutions |
| Mail, Maps, Docs, Video calls, Advertising, Android, YouTube | |
| Product is People, Social Media, Video Calls, Audio Calls, Social Network Advertising, Messaging Services | |
| Nice Interactive Systems | Workforce Management |
| Practo | Patient Management Software, EMR, electronic medical record |
Project based Companies / Consultancy¶
Project-based companies are the companies that provide advice and access to consultants or specialized expertise. This expertise helps the customers to design, build, deliver, operate and control their business performance. These companies also provide their clients to create, process, store, and exchange all kinds of electronic records of customers. It includes companies such as:-
| Name of Company | Services / Products |
|---|---|
| Tata Consultancy Services | Outsourcing, Consulting, Managed Services |
| Infosys | Outsourcing, Business Consulting, IT Services, Managed Services |
| Cognizant | Outsourcing, AI, Cloud Enablement, Business Consulting |
| Wipro | Business Consulting, Information Technology, Infrastructure Services, AI |
| Thought works | Software design and delivery tools, Business Consulting, AI |
Ecommerce Companies¶
Ecommerce is the activity of buying or selling products on online services or over the Internet. The e-commerce companies provide services like buying or selling mobiles, books, accessories, and clothes, transferring money online, supply chain management, inventory management systems, downloading music online. Ecommerce companies are:
| Name of Company | Services / Products |
|---|---|
| Amazon | Live Streaming Platform, AI Assistant, Sell Products, Supply Chain Management |
| Flipkart | Online Shopping, Online Movies, Online Games |
| eBay | Online Shopping, Buy and Sell Products |
Finance Companies¶
The finance companies provide financial services to people and other companies. Their services are banking, professional advisory, wealth management, mutual funds, insurance, stock market, treasury/debt instruments, tax/audit consulting. It includes companies like:
| Name of Company | Services / Products |
|---|---|
| Citibank | Credit Card and Loans, Internet Banking, Mobile Banking, Online Security |
| Morgan Stanley | Investment Management, Investment Banking, Wealth Management, Investment Advisory |
| ICICI | Net banking services ,Personal banking services |
| Wells Fargo | Banking, Investment, Mortgage Products, Consumer and Commercial Finance |
| JP Morgan | Financial services and Retail Banking |
| Barclays | Sales, Trading, Risk Management and Associated Services |
Security Companies¶
Security companies provide software security solutions to the computer, network, software, and data. Their solutions include providing security against ransomware, malware, social engineering, spyware, and phishing. It includes companies such as:
| Name of Company | Services / Products |
|---|---|
| Quick Heal | IT security management |
| McAfee | Digital-Security Tools for personal computers and server devices and mobiles. |
| LexisNexis Risk Solutions | Advanced Analytics, Compliance, Credit Risk, Customer Experience, Acquisition and Retention, Data Management, Identity Management, Fraud Prevention, Collections and Investigations |
Cloud Companies¶
Cloud companies provides on-demand delivery of IT resources over the internet. Their services may vary from rented to provider-managed virtual hardware, software, infrastructure, and others. It includes companies such as:
| Name of Company | Services / Products |
|---|---|
| Amazon Web Services | Computing, Storage, Networking, Database, Machine Learning, Application Services, Mobile, Developer Tools, Analytics, Internet of Things. |
| Microsoft Azure | Computer services, Communication Services, Identity, Mobile Services, Data Management, Media Services, CDN, Azure Blockchain Workbench, Azure Orbital. |
| Google Cloud Platform | Computing, Storage, Networking, Database, Big Data, Cloud AI, Management Tools, IoT, API Platform |
| VMware | Desktop Software, Server Software, Cloud Management Software, Application Management |