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BOSTON: US companies make up more than half (29) of the world's top 50 most innovative firms, according to a new report that identifies four key factors underpinning success.

Now in its 10th year, the latest Most Innovative Companies report from Boston Consulting Group (BCG), shows Apple and Google retain the top two places, followed by Tesla Motors, the luxury electric automaker, Microsoft and Samsung.

Rounding out the top 10 are Toyota, BMW, Gilead Sciences, Amazon and Daimler, showing that auto brands account for four of the top 10 most innovative companies in the world.