Company Of The Year - 2023

The IT industry in 2023 has been buzzing with fascinating trends, setting the stage for groundbreaking developments that could shape its future. One noteworthy shift has been the increasing reliance on cloud marketplaces by IT vendors to showcase and deliver their software and services. This trend, gaining momentum in recent years, continued to evolve and make waves throughout 2023. Google Cloud kicked off the year with a bang, introducing new capabilities for the Google Cloud Marketplace. These enhancements, gradually rolled out over the year, included a spectrum of features such as expanded private offers, empowering resellers to receive margins from ISVs, streamlined onboarding processes, more options for cost management, and the introduction of new governed transacting and management functions.

“The companies are elevating excellence, redefining standards in the pursuit of perfection, honoring a year of unmatched success”

On another front, Broadcom Inc., a global technology leader specializing in semiconductor and infrastructure software solutions, made significant waves by completing its acquisition of VMware, Inc. Looking ahead, Broadcom is steering its focus towards empowering enterprise customers in crafting and modernizing their private and hybrid cloud environments. Central to this strategy is Broadcom's investment in VMware Cloud Foundation, a pivotal software stack serving as the bedrock for private and hybrid clouds.

In a bold move hailed as the most significant shift in its go-to-market operations, Dell Technologies embraced a partner-first strategy for its extensive storage product lineup. This strategic pivot means that as of early August, Dell's direct sales representatives stand to earn more by channeling the company's storage systems through the channel rather than pursuing direct sales.

However, the industry faced its share of challenges too. According to market researcher Gartner, PC shipments witnessed a significant decline of 16.6 percent, dropping from 71.5 million units in the second quarter of 2022 to 59.7 million units in the same period of 2023. This followed a substantial year-over-year decline of 30 percent in the first quarter, where shipments fell to 55.2 million units.

In a nutshell, 2023 has been a dynamic year for the IT industry, marked by transformative strategies, notable acquisitions, and the ever-evolving landscape of technology trends. Covering it all, we bring to you the Company of the Year special issue. A distinguished panel of the industry’s topmost CEOs, CIOs, VCs, IT innovators, and analysts spanning across a host of verticals and CIOTechOutlook’s editorial board have closely scrutinized numerous companies throughout the entire year and zeroed in the companies of the year. We express our compliments and best wishes to these companies who have featured in this exclusive issue as we recognize their tremendous achievements and contribution to their respective fields. Hoping to see them continue treading the path of innovation, we would like to wish them a prosperous new year.

We present to you CIOTechOutlook Company Of The Year - 2023.