IBM reported 18.2% Market Share in Infrastructure Services

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

IBM reported 18.2% Market Share in Infrastructure Services

IBM has continued to gain market share and claims to be the #1 player in Infrastructure Services with 18.2% market share, 8 percentage points ahead of its nearest competitor according to 1H 2011 IDC Asia/Pacific Half Yearly Services Tracker.

Extending the leadership position in overall Services in 1H 2011, IBM has an 11.9% market share, two times its nearest competitor. Strategic Outsourcing (SO) contributed significantly to the rise in the market share of IBM Global Technology Services (GTS), the Infrastructure Services business arm of IBM, in 1H11 by growing to 31.0% share, 13.9 percentage points ahead of its nearest competition. As per IDC, IBM's SO revenue grew at 21%, which is 2% more than the industry average of 19%. IBM maintained its market leadership in Integrated Technology Services (ITS) and Maintenance & Technical Support Services (MTSS) in 1H11. This was driven by a rapid growth in managed services. As per IDC, IBM has a 10% market share each in ITS and MTS, around 5% and 4% points ahead of its nearest competition respectively. In 1H IBM witnessed significant traction beyond Telecom across sectors including Financial Services, Education, Manufacturing and from customers in tier two and tier three cities.

Ashish Kumar, GM, Global Technology Services, IBM India/ South Asia said, "It's a matter of great pride for IBM to not only is the market leader but to have increased its lead over competition. We will continue to redefine infrastructure landscape with our broad based skill sets spanning industries with technologies like Green Data Centers, Integrated Managed Services, Cloud, Smarter Planet solutions, etc thereby transforming business models and further consolidating our leadership position in the market." Adding further, Ashish said, "With outcome based models becoming very popular, clients are looking for partners with experience and proven track record. The key differentiator between IBM & any other Services company is a big portion of $ 6 Bn investment in R&D is being spent on Services advancing our capabilities for innovative industry solutions."


For More Details See

www.varindia.com

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more