NEW YORK (TheStreet) -- The technology sector has been evolving at a rapid pace, especially in the past decade. The companies that have moved to embrace a more social world to reach their customer base have done the best, developing strategies to accommodate a more mobile landscape.
And yet, many tech giants will be rendered obsolete over the next six years. Microsoft (MSFT), Apple (AAPL), and even Samsung will struggle to remain at the top of the tech food-chain, being passed by more innovative companies, according to our research projections.
We base these projections off the level of innovation illustrated by each of these companies over the past five years, the growth of products, market share, and the markets as a whole in which they operate. We combine this with the aptitude and skill shown by the executive team within these companies.
When we look at all these factors we find three companies perfectly positioned to grow into the world's largest tech giants.
Third Largest - Google (GOOG): Google is one of the best-positioned tech companies looking forward six years. Consider how quickly app makers and social media companies are growing. Google has a firm footing in both markets, is a leader for OS across multiple smartphone providers and has the resources on hand to bolster sectors of their business that provide the largest growth opportunities.
Google has one of the best executive teams in the industry, ranking second most innovative on our list of top executive teams. The only downfall for Google is the inability to move quickly enough to adjust to such a rapidly changing industry due to the company's size. If not for Google's colossus-like size, which naturally causes slower reactionary measures, Google would be ranked higher on our list.
Second Largest - Tesla (TSLA - Get Report): Tesla may be a controversial pick as number two on our list, especially considering the commonly accepted nature of the business. However, when Tesla is broken down to its simplest form, it operates as a technology company.
While the automaker is developing a new wave of cars, TSLA's tech aptitude is second to none. The giga-factories TSLA is creating looks to become the new industry standard (think of these factories as another introduction of the assembly line). As the price of oil rises over the coming years, Tesla's batteries will be in high demand throughout the automotive industry, which will become Tesla's largest growth story going forward.