Technology

Top 3 Tech Companies to Watch in 2022

We all have been witnesses to the tremendous growth of technology with the passage of time, and this growth has also led to the rise and development of various companies throughout the globe. While most successful tech companies have emerged out of the United States, but due to the amount of investment made by China in technological research and development, there has been a steep rise in the emergence of successful tech companies from China. It is expected that Chinese companies will be dominating the technology sector by the year 2022. Year 2014 saw many Chinese companies extend their horizons and reach a worldwide user base. And now with 2022 around the corner, it will be exciting to see which Chinese companies step up the gas. The following is a list of some Chinese Tech companies to keep an eye on in the upcoming year 2022.

Lenovo

The company with slogan ‘For those who do’ is based in Beijing. The company shot to prominence in the year 2005 when it took over IBM’s PC business. And now after almost 10 years, Lenovo is the largest manufacturer of PC’s in the world. It has surpassed the former leader HP in number of units and it regularly acquires tech businesses in the United States which include IBM’s server business bought for $2.3bn and the Google-owned Motorola smartphone business bought for $2.9bn. And just years after putting its feet in the mobile sector and acquiring Motorola, it has now become the third-largest smartphone maker, behind Samsung and Apple, in the world. The company has a combined share of 6% of the world market. But this is just the beginning and the company aims much higher and has even bigger ambitions in the upcoming year, which surely makes it a company to keep an eye on.

Tencent Holdings

Tencent Holdings, which has made and developed the famous and hugely popular WeChat smartphone app, is one of the biggest Chinese companies to emerge in the recent years and its steep rise up the ladder has taken the entire world by storm. The company released its smartphone app in the year 2010 and within a couple of years, the app dominated the Chinese mobile messaging marketplace. So much is its dominance in its home country that most of its 272 million month-to-month users are based in China itself. The company hasn’t limited itself to only China and has been investing a lot of money to establish itself in the foreign shores. In 2013 only, Tencent spent $200 million on its overseas marketing campaigns. The money was spent to promote WeChat in various global markets such as in Italy, Spain, South Africa and India. Tencent has claimed that its smartphone app has been downloaded over 100 million times overseas and it is on its way to become the best mobile messaging app on the planet. The company promises that its steep rise will continue to go on, hence making it a company to watch out for in the year 2022.

Huawei Technologies

Huawei Technologies is the second-largest equipment telecommunications supplier by revenue in the world just behind Ericsson. Pronounced as “Hoo-wah-way”, the company had a total group sale of around $39bn in the year 2013. The company has received 36,311 patents as of now. Most of the recent patents received by the company are related to the high-speed 4G LTE network technologies. The company has huge ambitions and it is dedicated to the research and development of newer technology, which can be observed from the fact that Huawei is also funding the work at the University of Surrey for the development of the super-fast 5G network.

Final Words

China has invested a lot in the technology sector in the past few years and that is why many Chinese companies have come to the forefront and are getting globally renowned. Some of those companies which are stated above have jumped out of the queue and have settled in the top brass of technological industries by investing huge sums of money and having millions and billions of satisfied users. It is due to this reason that these companies should be kept an eye on as they are about to give rise to a new era come 2022.

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