The tech sector is once again the most valuable in the Brand Finance Global 500 ranking, with a cumulative brand value of close to US$1.3 trillion. Technology and tech brands have become of ever-increasing importance in the modern world, a trend that has only been exacerbated by the COVID-19 pandemic.
In total, 50 tech brands feature in the ranking, however, the brand value is largely attributable to three big players, with Apple, Microsoft (brand value US$184.2 billion), and Samsung Group (brand value US$107.3 billion) together accounting for more than 50% of the total brand value in the sector.
Closely behind them, Huawei managed to reclaim its place among the top 10 most valuable brands in the world, following 29% growth to US$71.2 billion. Huawei’s smartphone business was hit hard by US sanctions, but it reacted positively by heavily stepping up investment in both domestic technology companies and R&D, as well as turning its focus to cloud services.
The tech sector is also home to two of the five fastest-growing brands in the ranking, with semiconductor brands AMD (brand value up 122% to US$6.0 billion) and Nvidia (brand value up 100% to US$16.0 billion) both seeing notable growth. A rise in gaming, cryptocurrency mining, and artificial intelligence, coupled with the global chip supply shortage, saw demand for both brands’ products remain high throughout the year, leading to increased revenues.
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