The Fight for Dominance in the Tech Industry
There is no single country which dominates each and every industry, but there are some of them which dominates the majority of the industry and sectors. The growth and development in an industry attracts countries to monetize the benefit of such industry which is expanding exponentially. One such industry is Tech Industry, for which several countries and companies are competing for becoming the undisputed leader.
In tech industry too there are several segmentations such as the software industry, electronics industry, semiconductor industry companies, hardware industry and many more. In smartphone industry, Samsung and Apple are considered to be the arch-rivals and market leaders of the said industry. Apple is an American company while Samsung is a Japanese company. Asian countries are gradually making their presence felt by giving tough competition to their American competitors.
In recent years, companies like Huawei & Xiaomi from
China has been hurting the American companies severely. The growing tension
between the two countries has also resulted in the cut-throat competition and
the motive to dominate the other one is at its peak. In semiconductor industry
too, the competition to become the market leader is mostly polarized around USA
and Asian countries. Companies like TSMC is giving tough competition to
American semiconductor manufacturers such as Intel and AMD. In the recent years
of semiconductor industry, Japan dominated the DRAM market. But due to the
series of bad decisions and failed strategies they lost the top position to
Korea and USA. In recent years, China is also planning to become self-dependent
by increasing domestic production several folds. They are planning to achieve
this feat in next 5-10 years. The American companies are dominating the
semiconductor market today but due to increasing competition they must change
their strategies, otherwise they will lose their top position to their
competitors just like Japan.
The desire to be at the top is what drives these companies
and nations towards advancements and innovations. Healthy competition is a key
element in the leap of innovation and evolution but when the competition turns
into a pit fight then the headache begins. As of now, USA is dominating most of
the segments of tech industry, but it won’t be a surprise to see some Asian
countries and semiconductor companies dominating several segments of tech industry. In other
industries too, the competition is fierce and only time will reveal that who
will have the last laugh.
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