The market for IT services management is a fragmented one, with no global player commanding more than 10 percent market share. Competition for business is fierce and full of providers such as TCS, HCL, and Wipro, who have leveraged successful offshoring models to reduce the cost of their offerings. But it is a large and growing market.
In October 2020, newly appointed IBM CEO Arvind Krishna announced the spinoff of IBM’s Global Technology Services unit – the company’s managed infrastructure services business – into a separate and independent company. Kyndryl, as it was subsequently named, resulted in 90,000 employees and almost $20 billion in annual revenue leaving IBM and transitioning to the new entity.
In our latest market insight report, The IBM Spinoff of Kyndryl: Who, What, and Where does the Company Fit in the IT Services Landscape?, we explored this new business entity and the overall IT services landscape in the hopes of providing insight on what is ahead.
In this market insight report you’ll learn:
- Details about Kyndryl’s business model
- An exploration into Kyndryl’s current team
- A look at the organization financially
- How this will impact IBM
Spinning off Kyndryl pivots IBM from a services-led company to an organization whose revenue largely comes from software and solutions. Each company is focused on helping clients on their digital transformation journeys, each in different ways, which is needed in the market today. If you’re interested in learning more about Kyndryl, download your copy of The IBM Spinoff of Kyndryl: Who, What, and Where does the Company Fit in the IT Services Landscape?, today.
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Author Information
Shelly Kramer is a Principal Analyst and Founding Partner at Futurum Research. A serial entrepreneur with a technology centric focus, she has worked alongside some of the world’s largest brands to embrace disruption and spur innovation, understand and address the realities of the connected customer, and help navigate the process of digital transformation. She brings 20 years' experience as a brand strategist to her work at Futurum, and has deep experience helping global companies with marketing challenges, GTM strategies, messaging development, and driving strategy and digital transformation for B2B brands across multiple verticals. Shelly's coverage areas include Collaboration/CX/SaaS, platforms, ESG, and Cybersecurity, as well as topics and trends related to the Future of Work, the transformation of the workplace and how people and technology are driving that transformation. A transplanted New Yorker, she has learned to love life in the Midwest, and has firsthand experience that some of the most innovative minds and most successful companies in the world also happen to live in “flyover country.”
