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.
At Futurum Research our three key focus areas are research, analysis, and insights. We also provide a full offering of advisory services geared towards helping organizations adapt to new technologies and operationalize digital transformation, along with other services through our sister companies Broadsuite Media Group and V3 Broadsuite.