Tech has already conquered the stock market and the realm of digital advertising. Now the technology sector also has a strangle hold on another measure: the value of consumer brands. The massive scale and reach of tech companies has helped their brand values to skyrocket over the last decade. In fact, even just adding Google and Apple’s most recent numbers together gives a figure that rivals the GDP of Sweden.
What is Brand Value, Anyways?
This data on the most valuable brands comes from the BrandZ Top 100 Global Brands report for 2017, which uses a specific methodology to quantify the financial worth of different brands around the world.
In this case, by “brand”, we are referring to the intangible asset that exists in the minds of consumers, which is usually an image forged over time through exposure to branding, ads, publicity, and other types of personal experiences.
Meanwhile, the “brand value” is the dollar amount a brand contributes to the overall value of a corporation. Measuring this intangible asset reveals an additional source of shareholder value that otherwise would not exist.
What types of companies are building the strongest brands?
The amount of Chinese brands making the Top 100 is rising quickly – in 2008, only four made the list.
Today, there are 12 Chinese brands on the list, including widely-known names such as Huawei, Alibaba, and Ping An Insurance.
Other types of brands that do well in the rankings include financial services (23 of 100 brands) and technology (23 of 100 brands).
By Jeff Desjardins - Jeff Desjardins is a founder and editor of Visual Capitalist, a media website that creates and curates visual content on investing and business.
Latest from Admin TOA
- Hayri Ablak, Founder of Vocelli Pizza, Dies in Pittsburg
- THO Commemorates The Second Anniversary of the July 15 Coup Attempt
- Businessman Güzel Wrote for Washington Times: How U.S.-Turkey Relations Grow Stronger
- Morton’s Is Closing in Georgetown, Here’s Hakan Ilhan’s Plan to Replace It
- Turkish Consulate General Relocates Near the UN