Amazon achieves the highest dollar value growth of all brands in the Top aA100 ranking, increasing by $40.3 billion (+41 percent) to $139.3 billion to take the No. 4 position. The retail giant has continued to focus on its technology ecosystem honed to meet multiple consumer needs such as online shopping, rapid delivery and entertainment, as well as introducing new artificial intelligence-enabled services including grocery delivery and personal assistant Alexa.
Google, Apple and Microsoft retains top three positions, growing their brand value +7 percent to $245.6b billion; +3 percent to $234.7 billion and +18 percent to $143.2 billion respectively over the past year.
Facebook, at No. 5, it grew +27 percent to $129.8 billion.
Other highlights in this year’s ranking include Chinese brand Tencent (No.8), which saw increased use of its social platform WeChat and entered the Top 10 for the first time, with a brand value increase ofyyrrQA +27 percent to $108.3 billion. Adidas was the fastest riser by percentage growth (+58 percent, $8.3 billion), followed by Chinese premium alcohol brand Moutai (+48 percent, $17 billion).
This year, the total brand value of the Top 100 brands has risen +8 percent to $3.64 trillion, compared with +3 percent in 2016, while the number of brands worth more than $100 billion has increased from six to nine. The total brand value of the ranking is up +152 percent from 2006 (its first year), as its composition has shifted towards innovative, consumer-focused technology brands with huge reach and brand-building power. The BrandZ Top 10 in 2017 are worth almost as much as the entire Top 100 in 2006 ($1.42 trillion vs $1.44 trillion), and have grown +249 percent in value, compared with +152 percent for the Top 100 as a whole.
The value of the BrandZ Top 100 Global Brands confirms that strong brands continue to outperform their competitors. Compared against key benchmarks over the past 12 years, the portfolio of BrandZ Top 100 brands grew 50 trillion more in value than the S&P 500 and 3.5 times the MSCI All Country World Index.
The 2017 ranking shows that the balance of power has truly tipped towards the consumer-focused technology brands that develop ecosystems that cater to many needs, simplifying an increasingly complex world. More than half of the Top 100’s total brand value is contributed by technology-related brands (a definition that includes telecoms and online retailers), up from a third in 2006, and these have grown +16 percent in the last year compared with +4 percent for non-tech brands.
Nine of the Top 10 are technology-related brands, as are all seven of the newcomers to the Top 100 in 2017: XFinity, YouTube, Hewlett Packard Enterprise, Salesforce, Netflix, Snapchat and Sprint.
The technology category grew +13 percent, while fast food was this year’s third highest growing category (+7 percent), as the leading brands introduced fresh food and value menus as well as customer touchpoints innovations that enhance the brand experience.
Key trends highlighted in this year’s BrandZ Global Top 100 study include:
• Consumer-centric technology ecosystems are making brands indispensable. Consumers can increasingly carry out a variety of activities, from online shopping to watching television, under the banner of one brand and across multiple devices. This convenience for consumers also allows the most powerful brands to minimise the risk of consumer switching.
• New brands are increasingly born global, allowing them to grow rapidly. Technology allows businesses to provide their offerings globally from day one. This is fostering a new breed of entrepreneur, who is not restricted by the geographical or sector boundaries that have traditionally limited the speed and scale of growth.
• Traditional non-tech brands are adopting technology to innovate and increase consumer appeal. Fastest riser Adidas has introduced 3D printing to produce its footwear, for example, while fast food brand Domino’s Pizza offers customers a real-time tracker for their order.
• The BrandZ Top 100 is getting younger. The average age of a brand is now 67 years, compared with 84 years in 2006, reflecting the entry of the newer technology brands and the emergence of brand China.
• Brands that make it clear how they will make consumers’ lives better, such as Huawei and Toyota, have grown three times more on average over the last 12 years (the top third grew +170% compared to the bottom third which was +57%).
• Great communications puts a brand at an advantage. The top third in terms of strongest communications (including McDonald’s and L’Oréal Paris) have grown 196% in value, compared with 47% for the bottom third. This is because they have successfully amplified the difference they have built.
Doreen Wang, Kantar Millward Brown’s Global Head of BrandZ, comments: “This is the era of internet giants that have developed ever-growing ecosystems that touch and connect consumers, with the overall aim of making life easier, simpler and better. Technology with the consumer at its centre has redefined our expectations, and we now take for granted that products, services, tools and content are immediately available at our fingertips. These brands also demonstrate great elasticity – they confidently and comfortably play in new territories and new categories to develop and expand their customer bases.”
The BrandZ Top 100 Most Valuable Global Brands report and rankings, and a great deal more brand insight for key regions of the world and 14 market sectors, are available online here. The Global report, rankings, charts, articles and more can also be found via the BrandZ app. The BrandZ app also contains the same features and functionality for all BrandZ regional reports and is free to download for Apple IOS and all Android devices from www.brandz.com/mobile or search for BrandZ in the respective iTunes or Google Play app stores.