International Business Machines Corporation (IBM) is an American multinational technology company. It was founded in New York as the Computing-Tabulating-Recording Company in 1911 by Charles Ranlett Flint. IBM is a diverse company with a similarly diverse portfolio of products and services. It produces and sells hardware, middleware, and software. It also offers hosting and consultancy services in nanotechnology and mainframe computers. What’s more, IBM has a strong culture in research and development, filing the most U.S. patents of any business for the past 28 years.
In cloud computing, IBM combines platform as a service (PaaS) with infrastructure as a service (Iaas). The service, named IBM Cloud, scales and supports the development of small organizations and large enterprise businesses alike.
The majority of IBM’s revenue comes from the services industry. Some of the main competitors in this industry include:
- Tata Consultancy Services (TCS) – an Indian IT solutions company founded in 1968. TCS has a focus on helping clients from a range of industries meet their objectives by leading them through technological transformation. This is achieved through a portfolio of integrated solutions, consulting, and outsourcing.
- Accenture – an Irish consultancy, strategy, and digital transformation company founded in 1989. Accenture helps organizations prepare for the future via digitization in many industries, including media, capital markets, oil, transportation, and public health.
- Infosys – another Indian company providing business consultancy and IT services with a core focus on manufacturing and insurance. Infosys products include management consulting, artificial intelligence and global banking platforms, and digital marketing.
- Hewlett Packard Enterprise (HPE) – founded in 2015 as part of the Hewlett-Packard company, Hewlett Packard Enterprise is a business-focused organization in servers, storage, networking, consulting, support, and financial services. After just six years in operation, HPE revenue reached $6.8 billion in Q1 2021.
Software and hardware
Within the software industry, IBM sells software products in API management, enterprise identity mapping, security, digital experience, DevOps, Internet of Things (IoT) solutions, and planning analytics.
These products place the company in direct competition with many large players, including Adobe, Symantec, Microsoft, and Amazon.
In terms of computer hardware manufacturing, IBM is up against Hewlett Packard, Oracle, and Dell.
IBM Global Financing (IGF) was founded in 1981 as an organization composed of sellers, accountants, analysts, and business credit and pricing specialists. More succinctly, IGF helps clients design, build, and run businesses with IBM expertise and infrastructure.
Today, it is the largest IT financier in the world with more than $36 billion in assets. Some of the major competitors in global financing have been acquired by IBM over the years, including PricewaterhouseCoopers Consulting, Bluewolf, and Promontory Financial Group.
- IBM is a large and extremely diverse American multinational technology company.
- With a diverse product and service portfolio, many of the most significant IBM competitors can be found in the services industry. These include Hewlett Packard Enterprise, Tata Consultancy Services, and Accenture.
- IBM is also up against giants such as Adobe, Microsoft, and Amazon in software production. In hardware, competition is provided by Hewlett Packard, Oracle, and Dell. However, the company enjoys relative dominance in global financing after acquiring several major competitors.
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