Try our corporate solution for free!
(212) 419-8286
hadley.ward@statista.com

IBM's global revenue 2010-2019, by business segment

In 2019, IBM’s global technology services segment generated over 27 billion U.S. dollars of the company’s revenue, which for 2019 stood at around 77 billion U.S. dollars. In 2016, IBM first changed its segment reporting to reflect the company’s shift away from being a hardware, software and services company, and towards becoming a cognitive solutions and cloud platform company.

Realignment of IBM’s software portfolio

The change in business segment reporting followed IBM’s pursuit of management system and organizational changes. For example, the company created a cognitive solutions business, the segment where initiatives such as Watson, Watson health, Watson IoT, and transaction processing software are held. Merging multiple segments into one helped highlight their mutual importance to each other: linking Integration Software with Cloud Infrastructure and Platform, for example, reflected the importance of integration software to enterprise-grade hybrid clouds. These changes were made to provide investors with additional transparency on the direction of IBM’s business.

Moving to the hybrid cloud

One of IBM’s responses to its declining revenue is restructuring some of their business, moving into areas like cloud, blockchain, and artificial intelligence. The company looks to address its underinvestment in cloud by developing software and platform products. For example, its platform IBM Cloud aims to help customers shift their operations to the cloud environments. In early 2019, IBM acquired open source technology company Red Hat, which offers a hybrid cloud platform. As a major and innovative player in the industry, IBM consistently spends around 5 billion U.S. dollars on research and development, such as on advances in quantum computing and artificial intelligence.

IBM's global revenue from 2010 to 2019, by business segment

Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

March 2020

Region

Worldwide

Survey time period

2010 to 2019

Supplementary notes

* Recast to reflect segment changes.

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* Prices do not include sales tax.

Statistics on "IBM"

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.