Fastest Growing Companies in the World. The world is full of millions of businesses around the globe, some small, others large. Some have international recognition, and others are based locally. This article is about the 20 fastest-growing companies worldwide.
The top 20 companies come from different industries, and some of them are highly regarded. You may have heard of the names of a few businesses; however, some may be unfamiliar to you.
The list comprises the 100 companies growing the fastest around the globe, as determined by Fortune.
Also Read: 90 Best Franchise Business In India
List of 20 Fastest Growing Companies in The World
1. AppFolio
Revenue- $271 Million
Market Value- $4,805 Million
Annual Growth Rate- 34%
AppFolio is an American firm founded in the year 2006. It offers software based on could solutions for real estate companies. Its headquarters is in California and was founded in the year 2000 by Klaus Schauser and Jon Walker. It is the fastest-growing business worldwide, according to Fortune.
2. Medifast
Revenue- $726 Million
Market Value- $1,899 Million
Annual Growth Rate- 44%
Medifast is a multi-level marketing firm that focuses on weight loss and nutrition products. It uses marketing techniques such as the telemarketing method, MLM, franchise weight loss clinics, and eCommerce.
It was established in 1980 and had its headquarters in Maryland, United States. The subsidiaries that the company owns are Jason Pharmaceuticals, OPTAVIA, etc.
3. Texas Pacific Land Trust
Revenue- $395 Million
Market Value- $3,506 Million
Annual Growth Rate- 87%
Texas Pacific Land Trust is an organization in the public sector that deals with trusts for trading throughout the United States. It was founded in 1888 and is headquartered within Dallas, Texas. The company is thought to be the largest private landowner in Texas state.
4. Medplace Holdings
Revenue- $891 Million
Market Value- $3,944
Annual Growth Rate- 32%
Medplace is a clinical research firm based in Cincinnati that procures drugs and medical device development. The company was founded in 1992 and has a workforce of around 2800 employees. The CEO and president of the business are Dr. August J. Troendle.
5. Netflix
Revenue- $21,403 Million
Market Value- $217,632 Million
Annual Growth Rate- 32%
Netflix is a giant on the internet that entertains millions of people across the globe. Every person in the world today has utilized Netflix or watched films on it. Netflix was recognized years later and was created in 1997.
Its headquarters are located in California, United States. Its founders are Reed Hastings and Marc Randolph.
Today, Netflix has become extremely well-liked by both children and adults. The most-watched series available on Netflix comprises Stranger Things, The Queen’s Gambit, The Queen’s Gambit, The Queen’s Gambit, and The Crown.
6. Vertex Pharmaceuticals
Revenue- $4,819 Million
Market Value- $70,407 Million
Annual Growth Rate- 32%
Vertex Pharmaceuticals is a biopharmaceutical company that is headquartered within Boston, Massachusetts. It’s part of rational drug development, and which is different from traditional combinatorial chemicals. The company was established 1989 in 1989 by Joshua Boger; the current CEO is Reshma Kewalramani.
7. Kinsale Capital Group
Revenue- $324 Million
Market Value- $4,213 Million
Annual Growth Rate- 28%
Kinsale is an American insurance firm headquartered located in Richmond, Virginia. It was established in 2009. Since then, it has provided special insurance services that focus on the market for surplus lines.
8. Etsy
Revenue- $877 Million
Market Value- $14,705 Million
Annual Growth Rate- 33%
Etsy is an eCommerce platform that is focused on handmade and beautiful products. It encourages handicrafts, and you can purchase items like bags, jewelry and accessories, clothing, wall-hangings, paintings, and more. The company was founded at the end of 2005 in Brooklyn, New York. The CEO at present at the firm is Josh Silverman.
9. Paylocity Holding
Revenue- $551 Million
Market Value- $8,736 Million
Annual Growth Rate- 25%
Paylocity Holding is a US-based business that offers could-based payroll and HCM solutions to medium-sized companies. It was established in 1997. The subsidiaries that the company owns are Samepage, VidGrid Inc., and Paylocity.
10. Amazon
Revenue- $296,274 Million
Market Value- $1,575,238 Million
Annual Growth Rate- 28%
If you’re using the internet, then you have heard of or have used Amazon at most once in your life. The American giant established by Jeff Bezos in 1994 has become the dominant force in online shopping.
It was initially an eCommerce business that was small, primarily dealing with books. Amazon is now a cloud, AI, and streaming service. Amazon is also an income generator for the majority of individuals.
You can join Amazon in a variety of programs to generate income. A few of the Amazon’s subsidiaries Amazon comprise Audible, Amazon Prime, Zapple, Kindle Publishing, AbeBooks, Amazon Fresh, and more.
11. Kemper
Revenue- $5,032 Million
Market Value- $4,377 Million
Annual Growth Rate- 29%
Kemper Corporation is an American firm that offers insurance to a variety of customers. Established in 1990, the company will employ approximately 9,400 people in 2020.
It offers insurance to businesses as well as families, individuals, and businesses. The Kemper Corporation’s subsidiaries Kemper Corporation include Alliance United Insurance Company, Kemper Direct, and others.
12. Malibu Boats
Revenue- $729 Million
Market Value- $991 Million
Annual Growth Rate- 44%
Malibu Boats is an American boat manufacturer. Its headquarters are within Tennessee, United States, and was established in the year 1982. The company’s subsidiary companies include Cobalt Boats, Pursuit Boats, Malibu Boats Holdings, and many more. The company employs over 600 people.
13. Corcept Therapeutics
Revenue- $335 Million
Market Value- $$2,028 Million
Annual Growth Rate- 53%
Corcept Therapeutics is essentially a pharmaceutical firm involved in the creation and commercialization of medicines that aid in treating psychiatric cancer-related, metabolic, and other disorders. It was established in 1998 and is located in California, United States.
14. Alibaba Group Holding
Revenue- $73,166 Million
Market Value- $749,272 Million
Annual Growth Rate- 49%
Alibaba Group is a Chinese multinational company with its headquarters in Hangzhou, China. Jack Ma, the 2nd most successful Chinese businessman, is the chairman of the Alibaba group. Alibaba’s primary focus is online retail, e-commerce as well as technology.
Currently, the CEO of Alibaba Group is Daniel Zhang. The Alibaba Group’s subsidiaries Alibaba Group include Alibaba.com, Daraz, Alibaba Cloud, Cainiao, and many more.
15. Veeva Systems
Revenue- $1,196 Million
Market Value- $42,381 Million
Annual Growth Rate- 26%
Veeva Systems is a software firm that provides cloud computing services for life sciences and pharmaceutical businesses. A business founded in the year 2007 by Peter Gassner and Matt Wallach. The company is located in California.
16. Fortinet
Revenue- $2,261 Million
Market Value- $18,950 Million
Annual Growth Rate- 19%
Fortinet is located in California. It is an American Multinational company dealing with security solutions such as anti-virus protection and firewalls, intrusion detection systems, etc.
The company was established in the year 2000 through the Xie brothers. The company was initially able to provide FortiGate as its primary product. Presently, the company also offers wireless access points, Sandboxing messages security, more.
In the year 2020, Fortinet acquired OPAQ Networks which provides cloud-based services. Some of the services offered by the company comprise Fortinet Security Fabric, FortiGate UTM, FortiGate carrier, FortiWeb, FortiAnalyzer, to just several.
17. Exelixis
Revenue- $979 Million
Market Value- $7,570 Million
Annual Growth Rate- 63%
Exelixis is a California-based business focused on genomics-based drug discovery. It also manufactures Cometriq, which the FDA has approved to treat Thyroid cancer of the medullary gland.
The company was established at the time of its founding in 1994. It is a private sector business, which was founded in 1994 by Corey Goodman and Spyridon Artavanis-Tsakonas. The company employs about 500 individuals researching Genomics for organisms such as fruit flies, nematodes, and Zebrafish.
The company also created an agricultural subsidiary named Exelixis Plan Sciences.
18. Paycom Software
Revenue- $780 Million
Market Value- $17,784 Million
Annual Growth Rate- 30%
Paycom offers an online payment service provider located within Oklahoma City, United States. It is focused on cloud-based payroll services and employs approximately 4,200 employees. Forbes has listed Paycom in the top ten fastest-growing tech businesses. It was established in 1998 by Chad Richison.
19. FMC
Revenue- $4,668 Million
Market Value- $13,645 Million
Annual Growth Rate- 27%
FMC Corporation is a US-based public sector corporation that is involved in the manufacture of chemicals. The company was founded on the 18th of August, 1883. It was established through John Bean and employed around 7700 people across the globe.
It was initially focused on insecticide production but can now handle other chemicals, such as agricultural chemicals and food chemicals.
20. Take-Two Interactive Software
Revenue- $3,089
Market Value- $18,790
Annual Growth Rate- 24%
Take-Two Interactive Software is a video game business based in New York. The company was established in the year 1993. The company employs over 5,800 employees.
The company became famous during the era of the internet and is a significant player in mobile games. The most well-known games produced by the company are Grand Theft Auto, BioShock, Civilization, Mafia, Red Dead, XCOM, and WWE 2K.
The company’s subsidiaries are 2K, Ghost Story Games, NBA 2K League, Private Division, and Rockstar Games.
Conclusion
Most of the companies featured in this article Most of the companies mentioned in this article are American. This is due to American firms are more efficient in their facilities and reach. The employees behind these companies are creative and are quick to adapt to new developments.
This is the reason they have all been ranked as the fastest-growing businesses across the world.
