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The IBM Spinoff of Kyndryl: Who, What, and Where does the Company Fit in the IT Services Landscape?

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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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.

About the Authors

A serial entrepreneur with a technology centric focus, Shelly has worked with some of the world’s largest brands to lead them into the digital space, embrace disruption, understand the reality of the connected customer, and help navigate the process of Digital Transformation. Read Full Bio.

Fred is an experienced analyst and advisor, with over 30 years of experience in the digital and technology markets. Fred launched the equity research team at Samadhi Partners and provides marketing strategy through the Wasabi Rabbit digital agency. He previously served as an EVP and Research Vice President at HfS Research, launching its Digital Trust practice and coverage of emerging “trust-enabling” technologies. Read Full Bio.

Steven Dickens is Vice President of Sales and Business Development and Senior Analyst at Futurum Research. Operating at the crossroads of technology and disruption, Steven engages with the world’s largest technology brands exploring new operating models and how they drive innovation and competitive edge for the enterprise.  Read Full Bio.