Top 20 IBM Competitors & Alternatives in 2024

The top IBM competitors are Hewlett Packard, Xerox, Accenture, Oracle, SAS, SAP, SalesForce and others. The International Business Machines Corporation (IBM) is an IT company that was founded in the year 1911 in the USA. It employs around 345,000 people and as of 2023, its Market Capitalization is $130.77B and sales close to $15.475B.

The company is managed through segments i.e. the Global Technology Segment (GTS) which is tasked with the provision of  IT infrastructure e.g. maintenance, IT support, cloud et cetera; Global Business Segment (GBS) that deals with systems integration and consulting; Software Segment (SG) that primarily takes care of Operating System (OS) software and information management solutions among other roles; the Hardware Systems Segment (HSS) that is concerned with IT servers and storage and finally the Global Financing Segment (GFS) tasked with the provision of financial solutions, marketing, manufacturing and commercial financing.

IBM net income for the quarter ending June 30, 2023 was $1.583B. IBM gross profit for the quarter ending June 30, 2023 was $8.501B.

IBM was founded in the year 1911 by Thomas J and Charles Flint. It has since grown to be a world conglomerate exhibiting competition from below multinationals:

Top 20 IBM competitors

1) Hewlett Packard

• Product type: Information technology (IT) services and consulting
• Industry: Information technology
• Founded: January 1, 1939
• Founders: William R. Hewlett and David Packard
• Headquarters: Palo Alto, California, United States
• Area served: Worldwide
• Current CEO: Enrique Lores
• Revenue: $12.913B (April 30, 2023)
• Market cap: $30.62B (August 18, 2023)
• Number of employees: 58,000 (2022)

Hewlett Packard is an IT company that manufactures and sells Personal computers (PCs), software, IT services and solutions to large enterprises, medium-sized companies and individual consumers.

The company was founded in 1939 in the USA with headquarters in Palo Alto, California. It employs over 58,000 persons and by mid-year 2022 its sales were close to $12.913B as of April 30, 2023 and had a market capitalization of around $30.62 billion.

HP net income for the quarter ending April 30, 2023 was $1.066B. HP gross profit for the quarter ending April 30, 2023 was $2.929B.

Hewlett Packard (HP) is a valuable brand and a top employer. It is ranked 49th in sales revenue and 121st globally in profit generation. HP is ranked 62nd in the Best Global Brands by Interbrand in 2022.  In 2022, Hewlett Packard Enterprise (HPE) was ranked 19th on Fortune’s list of 100 Best Companies to Work For. It also operates in Segments to ensure efficiency and viability in the current competitive world. Hewlett packard is without a doubt one of the topmost IBM Competitors.

2) Xerox

• Product type: Information technology (IT) services and consulting
• Industry: Information technology
• Founded: October 24, 1906
• Founders: Chester Carlson, Carl August Krauch, and James W. McGrory
• Headquarters: Norwalk, Connecticut, United States
• Area served: Worldwide
• Current CEO: Stephen G. Roemer
• Revenue: US $7.11 billion (2022)
• Market cap: $2.58 B (September 1, 2023)
• Number of employees: 20,500 (2022)

As of 2023 statistics, Xerox had a market capitalization of close to $2.5 billion, a sales value of around $7.11 billion in 2022 and approximately 20,500 employees.

Its net income as of 2022 was US$-322 million (2022) and operating income was US$-328 million (2022).

The company was founded in the year 1906 in the USA and has its headquarters in Norwalk, Connecticut. In the year 2017, Xerox, one of the top brands in the world was ranked as the leading world employers

Since it was founded, Xerox is world renown in the provision of document technology, communication supplies, and software. It operates through the Document Technology and services segments.

3) Accenture

• Product type: Information technology (IT) services and consulting
• Industry: Professional services
• Founded: 1955
• Founders: Arthur Andersen and Thomas J. Klune
• Headquarters: Dublin, Ireland
• Area served: Worldwide
• Current CEO: Julie Sweet
• Revenue: $16.565B (May 31, 2023)
• Market cap: $215.19B (September 1, 2023)
• Number of employees: 721,000 (2022)

Accenture was founded in the year 1989 to provide computer services and solutions to various industries i.e. the telecommunications industry, health and Public Service, the banking and insurance industry, the energy industry et cetera.

Accenture made sales of around $16.565B billion in the year 2023. Its market Cap. For the same year was approximately $215.19B and employed around 721,000 people around the globe.  Accenture net income for the quarter ending May 31, 2023 was $2.010B. Accenture gross profit for the quarter ending May 31, 2023 was $5.529B. Accenture operating income for the quarter ending May 31, 2023 was $2.359B.

Accenture has received numerous awards and accolades since it was founded. Examples include; best employer, best diversity employer, best consulting firm in management and Just Company among others. The Company has its headquarters in Dublin, Ireland. Due to its strength of consultancy business, Accenture is considered as one of the top IBM Competitors.

4) Oracle

• Product type: Information technology (IT) services and consulting
• Industry: Information technology
• Founded: 1977
• Founders: Larry Ellison, Bob Miner, and Ed Oates
• Headquarters: Redwood Shores, California, United States
• Area served: Worldwide
• Current CEO: Safra Catz
• Revenue: $13.836B (May 31, 2023)
• Market cap: $326.77B (August 31, 2023)
• Number of employees: 164,000 (2023)

With its headquarters in Redwood City, California, Oracle was founded in the year 1977 in the United States to provide more innovative solutions to the software and programming industry. By midyear 2023, its market capitalization is $326.77B, employed close to 164,000 personnel globally and had a sales value of around $13.83 billion.

Oracle net income for the quarter ending May 31, 2023 was $3.318B. Oracle gross profit for the quarter ending May 31, 2023 was $10.106B. Oracle operating income for the quarter ending May 31, 2023 was $4.139B.

The company operates through segments i.e. Software and Cloud segment that is tasked with software updates, subscription and licensing; the Hardware Systems segment that deals with a wide range of hardware products e.g. servers, storage, product repairs et cetera and the service business segment that ensures that partners and clients receive maximum return on investment in Oracle Technologies. With its strong database management and other softwares, Oracle is one of the strongest IBM Competitors.

5) SAS

• Product type: Information technology (IT) services and consulting
• Industry: Information technology
• Founded: 1976
• Founders: James Goodnight, John Sall, and Anthony James Barr
• Headquarters: Cary, North Carolina, United States
• Area served: Worldwide
• Current CEO: Jim Goodnight
• Revenue: exceeds $3 billion (2022)

SAS was founded in the year 1976 to provide IT and software services. The company has its headquarters in Cary, North Carolina and develops software that enables companies to collect, store, utilize and analyze data essential in decision making. Its target clients range from government institutions, education sector, businesses et cetera.

With unique clients over 1,700+, SAS employs close to 12,170 people. It is ranked among the largest private companies and best employer in the USA. SAS has 35 million customers and €586 billion in total financial assets. It operates in 94 countries.

6) SAP

• Product type:  Information technology (IT) services and consulting
• Industry: Information technology
• Founded: 1972
• Founders: Dietmar Hopp, Hasso Plattner, Klaus Tschira, and Claus Wellenreuther
• Headquarters: Walldorf, Germany
• Area served: Worldwide
• Current CEO: Christian Klein
• Revenue: $8.237B (June 30, 2023)
• Market cap: $165.9B (August 31, 2023)
• Number of employees: 111,961 (2022)

SAP had a market cap of $120 billion and sales of around $25 billion in the year 2017. The company operates in the software and programming industry and was founded in Germany the year 1988. It employs around 85,000 people and has its headquarters in Walldorf, Germany.

The segments through which the company operates include; the Cloud Segment that markets and sales cloud software subscriptions and the On-Premise Segment which is tasked with training and sensitization on the use of software products

SAP also supports various companies in the provision of SAP Business Solutions, SAP Business designs and supply chain management among other services.

SAP SE net income for the quarter ending June 30, 2023 was $3.767B. SAP SE gross profit for the quarter ending June 30, 2023 was $5.898B. SAP SE operating income for the quarter ending June 30, 2023 was $1.480B.

7) SalesForce

• Product type:  Information technology (IT) services and consulting
• Industry: Information technology
• Founded: February 3, 1999
• Founders: Marc Benioff, Parker Harris, Dave Moellenhoff, Frank Dominguez
• Headquarters: Salesforce Tower, San Francisco, California, United States
• Area served: Worldwide
• Current CEO: Marc Benioff
• Revenue: $8.247B (April 30, 2023)
• Market cap: $209.45B (August 31, 2023)
• Number of employees: 79,390 (2023)

Salesforce.com made sales of around $82 billion in the mid year 2023. In the same year, its market Capitalization was $209.45B.

Operating in the software and programming industry, Salesforce was founded in the year 1999 in the United States and has its headquarters in San Francisco, California. The total number of people employed by the company is estimated to be around 79,390.

Some of its accolades include; most innovative company, best employer, growth champion, just company et cetera. It also ranks among the largest companies in terms of Asset base, Sales value, Market value and profits margins just to mention a few.

Salesforce net income for the quarter ending April 30, 2023 was $0.199B. Salesforce gross profit for the quarter ending April 30, 2023 was $6.122B. Salesforce operating income for the quarter ending April 30, 2023 was $0.412B.

8) Intel

• Product type:  Information technology (IT) services and consulting
• Industry: Information technology
• Founded: July 18, 1968
• Founders: Gordon Moore, Robert Noyce, Arthur Rock
• Headquarters: Santa Clara, California, United States
• Area served: Worldwide
• Current CEO: Patrick Gelsinger
• Revenue: $12.949B (June 30, 2023)
• Market cap: $147.17B (August 31, 2023)
• Number of employees: 131,900 (2022)

Intel Corporations Inc. manufactures and sales computer products; the company is managed through; Client Computing segment that deals with notebooks, desktops, mobile phones and any other wired or wireless connectivity product; the Data Center Segment for communication infrastructure; Internet connectivity segment; Memory solutions Segment for NAND flash memories; Security Segment for security software and lastly programmable solutions segment for semiconductors and other data center products

Intel net income for the quarter ending June 30, 2023 was $1.481B. Intel operating income for the quarter ending June 30, 2023 was $-1.016B. Intel gross profit for the quarter ending June 30, 2023 was $4.638B.

The company was founded in the USA in the year 1968 with its headquarters in Santa Clara, California. Its total number of employees who helped drive sales to close to $12.94 billion in the year 2023 is approximately 131, 900.

IBM competitors in Cloud computing

Google, Amazon, and Microsoft are some of the main IBM competitors in cloud computing

9) Microsoft

• Product type:  Information technology (IT) services and consulting
• Industry: Information technology
• Founded: April 4, 1975
• Founders: Bill Gates and Paul Allen
• Headquarters: One Microsoft Way, Redmond, Washington, United States
• Area served: Worldwide
• Current CEO: Satya Nadella
• Revenue: $56.189B (June 30, 2023)
• Market cap: $2351.37B (August 18, 2023)
• Number of employees:  221,000 (2023)

Microsoft Corporation operates in the software and programming industry. The company was founded in the year 1975 in the United States with its headquarters in Redmond, Washington. By the mid year 2023, Microsoft’s Market Capitalization was $2351.37 billion with a sales value of close to $56.189 billion. The company employs around 221,000 people.

Microsoft is a top tech company with a 21% market share worldwide. Microsoft net income for the quarter ending June 30, 2023 was $20.081B. Microsoft gross profit for the quarter ending June 30, 2023 was $39.394B.

Some of its products include; server and productivity Apps, online advertising, Business Solutions Apps, Operating Systems for phones, PCs, servers et cetera.

The segments through which Microsoft operates include business processes and productivity; personal computing and intelligent cloud.  Microsoft Corporations Inc. is ranked as one of the most valuable brands

10)  Amazon

• Product type:  Information technology (IT) services and consulting
• Industry: Information technology
• Founded: July 5, 1994
• Founders: Jeff Bezos
• Headquarters: Seattle, Washington, United States
• Area served: Worldwide
• Current CEO: Andy Jassy
• Revenue: $134.383B (June 30, 2023)
• Market cap: $1374.53B (August 18, 2023)
• Number of employees: 1,541,000 (2022)

Amazon was founded in the United States in 1994 to promote, advertise, market and provide online shopping services to content creators, buyers, and sellers.

The amazon website is designed in such a way that products are grouped into categories and can be sold by third parties and companies. It operates in three main segments i.e. the Web services segment, the International segment, and the North America segment. The web services segment provides the required IT infrastructure to different types of business with the other two focused on International and North America product sales.

Amazon gross profit for the quarter ending June 30, 2023 was $65.010B. Amazon net income for the quarter ending June 30, 2023 was $6.750B.

The company employs around 1,541,000 people around the world and has its headquarters in Seattle, Washington

11) Google

• Product type:  Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: September 4, 1998
• Founders: Larry Page and Sergey Brin
• Headquarters: Mountain View, California, United States
• Area served: Worldwide
• Current CEO: Sundar Pichai
• Revenue: $74.604B (June 30, 2023)
• Market cap: $1731.85B (September 1, 2023)
• Number of employees: 190,234(2022)

Google Inc. operates in the IT, Software and Internet services industry. It helps connect people with relevant information that will improve their daily lives; it also advertises content in its advertising area that includes AdWords, Google Local, AdSense, Google Display, Google Mobile et cetera.

Google net income for the quarter ending June 30, 2023 was $18.368B. Alphabet gross profit for the quarter ending June 30, 2023 was $42.688B.

Google operates in two segments; Mobile and Google. The mobile segment deals with the mobile phone business services while the Google segment takes care of the non-advertising and advertising business sections. The company employs close to 800 people and was founded in the United States in 1998 with headquarters in Mountain View, California.

IBM Competitors in Pc’s and Laptops

12) Dell

• Product type:  Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: February 1, 1984
• Founders: Michael Dell
• Headquarters: Round Rock, Texas, United States
• Area served: Worldwide
• Current CEO: Michael Dell
• Revenue: $20.922B (April 30, 2023)
• Market cap: $39.95B (August 18, 2023)
• Number of employees: 133,000(2023)

With a market capitalization of close to $14 billion and annual sales value of more than $60 billion, Dell operates in the computer hardware industry by manufacturing, repairing and selling computers and other related products. The company also provides IT services such as cloud storage, software, virtual reality, hardware et cetera. It was founded in the United States in the year 1984 by Saul Michael Dell and has its headquarters in Round Rock, Texas

Dell is ranked 31st on the Fortune 500 list in 2022, up from 76th in 2021. It is also the sixth-largest company in Texas by total revenue, according to Fortune magazine.

Dell gross profit for the quarter ending April 30, 2023 was $5.018B. Dell net income for the quarter ending April 30, 2023 was $0.583B.

Globally, Dell employs close to 133,000 persons and ranks among top employers and top public company in the USA in terms of sales, assets and market value

13) Samsung

• Product type:  Information technology (IT) services and consulting.
• Industry:  Information technology
• Founded: March 1, 1938
• Founders: Lee Byung-chul
• Headquarters: Samsung Town, Seoul, South Korea
• Area served: Worldwide
• Current CEO: Han Jong-hee
• Revenue: KRW 60.01 trillion(Q2, 2023)
• Market cap:  $329.73 Billion (August 2023)
• Number of employees: 267,937 (2023)

Samsung Electronics Ltd manufactures and sells electrical and electronic products such as computers and peripherals. It operates through business divisions i.e. Mobile Communications that deals with handheld products, digital cameras, computers et cetera; Consumer Electronics tasked with cable TVs, washing machines, refrigerators, printers and medical devices among others and the Device Solution segment with integrated circuits and LEDs

Samsung is a major manufacturer of electronic components such as lithium-ion batteries, semiconductors, image sensors, camera modules, and displays for clients such as Apple, Sony, HTC, and Nokia. It is the world’s largest manufacturer of mobile phones and smartphones, starting with the original Samsung Solstice and later, the popularity of its Samsung Galaxy line of devices.

Samsung’s Operating profit rose sequentially to KRW 0.67 trillion in the second quarter of 2023.

By the mid of the year 2023, the company had around 267,937 employees. In the same year, its Market Cap was approximately $329.73 Billion and sales KRW 60.01 trillion. It was founded in South Korea in the year 1969 and has its headquarters in Suwon.

14) Apple

• Product type:  Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: April 1, 1976
• Founders: Steve Jobs, Steve Wozniak, and Ronald Wayne
• Headquarters: Cupertino, California, United States
• Area served: Worldwide
• Current CEO: Tim Cook
• Revenue: $36.413B (June 30, 2023)
• Market cap: $2933.76B (August 30, 2023)
• Number of employees: 164,000 (2022)

Apple designs manufacture and sells PCs, digital music players and mobile devices among other products. Its operations are divided into different geographical sections i.e. Americas (South and North America); Europe (European nations, Middle East, Africa and India); great China (Hong Kong, Taiwan, and China) and the Asia Pacific (Australia).

Its market capitalization in the mid year 2023 was close to $2933.76B and sales $36.413B. The company employs around 164,000 people around the world.

Apple net income for the quarter ending June 30, 2023 was $19.881B. Apple operating income for the quarter ending June 30, 2023 was $22.998B. Apple gross profit for the quarter ending June 30, 2023 was $36.413B.

Apple Inc. was founded by Steve Jobs in the United States in 1976 and has its headquarters in Cupertino, California. Most of its customers are known for brand loyalty

15) Sun Microsystems

• Product type:  Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: February 24, 1982
• Founders: Vinod Khosla, Andy Bechtolsheim, Bill Joy, and Scott McNealy
• Headquarters: Santa Clara, California, United States
• Area served: Worldwide

This was an American company that created programming languages e.g. java.  It also manufactured and sold PCs, software, PC components et cetera.

Having been founded in the United States in 1982, Sun Microsystems employed close to 40,000 people and is currently owned by Oracle Corporation. Some of its subsidiaries were MORE and Storage Technology Corp.

Sun Microsystems products included Servers, Workstation Storages, Operating Systems (Solaria), software, Identity Management Apps, Java technologies, MYSQL, NFS et cetera.

It had manufacturing plants in various locations around the world including Scotland, California, Oregon, Newark and Hillsboro among others. Its headquarters were in Santa Clara USA before it was acquired in 2010 by Oracle Corporation.

16) Wipro

• Product type:  Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: December 29, 1945
• Founders: M.H. Hasham Premji
• Headquarters: Bengaluru, Karnataka, India
• Area served: Worldwide
• Current CEO: Salil Parekh
• Revenue: $2.782B (June 30, 2023)
• Market cap: $26.8B (September 01, 2023)
• Number of employees: 256,921 (2023)

A global IT company that also deals with consulting and development of integrated solutions essential in obtaining business objectives.

Wipro functions through divisions i.e. the IT Services section for IT consulting, systems integration, maintenance, cloud, software design etc and the IT products division that deals with IT products e.g. software, Operating Systems, databases, storage among others.

Wipro net income for the quarter ending June 30, 2023 was $0.349B. Wipro gross profit for the quarter ending June 30, 2023 was $0.817B.

The company employs around 256,921 people and had a market Capitalization of $26.8 billion by the mid of 2023. It was founded in the 1945 and has its headquarters in Bangalore, India

17) Infosys

• Product type:  Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: July 2, 1981
• Founders: N. R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, Ashok Arora
• Headquarters: Bengaluru, Karnataka, India
• Area served: Worldwide
• Current CEO: Salil Parekh
• Revenue: $4,617 million (June 30, 2023)
• Market cap: $71.87 Billion (August 2023)
• Number of employees: 3,36,294 (2023)

Infosys was founded in 1981 in Bangalore, India. Operating in the Computer Services industry, the company employs close to 3,36,294  people and as of 2023 data, its Market Capitalization was $71.87  billion and sales $4,617 million.

The company provides business solutions that enhance global business performance. Infosys primary operating segments include financial services and insurance; manufacturing; life science and consumer goods.

According to Infosys’s 2023 financial reports the company’s Gross Profit  is $1,406 million and operating profit is $961 million.

Some of its services are in IT, BPO, Consulting and Engineering, infrastructure management and systems integration among others

Infosys has over the years been recognized as a top multinational performer, top innovative company and top in market value and asset base.

18) Cap Gemini

• Product type:  Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: 1967
• Founders: Serge Kampf
• Headquarters: Paris, France
• Area served: Worldwide
• Current CEO: Aiman Ezzat
• Revenue: €11,426 million (H1, 2023)
• Market cap: $32.05 Billion (August 2023)
• Number of employees: 349,500 (2023)

Cap Gemini provides local professional services, consulting and IT services. Its consulting services allow clients to utilize informative programs essential for business growth and expansion. Its IT services are geared towards systems integration, designing and implementation of innovative ideas for overall business competitiveness. Again, Cap Gemini Outsources services that support information systems of clients and delivers tailored IT services to local enterprises via its Local professional division.

Capgemini’s net profit, Group share, increased by 34% in 2022, with normalized earnings per share up 25%.  Cap Gemini SA annual gross profit for 2022 was $6.145B.

The company was founded in 1967 in Paris, France and had a market cap of $$32.05 billion in the year 2023. In the same year, it recorded a sales value of €11,426 million and 349,500 employees.

19)  Fujitsu

• Product type:  Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: June 20, 1935
• Founders: Denzo Kato and Takeo Shiina
• Headquarters: Tokyo, Japan
• Area served: Worldwide
• Current CEO: Keiji Yasukawa
• Revenue: $8.181B (March 31, 2023)
• Market cap: $24.58B (September 01, 2023)
• Number of employees: 124,216 (2023)

Fujitsu was founded in the year 1935 and has its headquarters in Tokyo, Japan.  By mid-year 2023, its Market Capitalization was $24.58B and sales $8.181B . The company has close to 124,216 employees around the globe.

Fujitsu net income for the quarter ending March 31, 2023 was $0.776B. Fujitsu gross profit for the quarter ending March 31, 2023 was $2.774B.

Operating in the IT industry, Fujitsu provides its services through segments e.g. the technology solutions that provide infrastructure and system integration services; the Ubiquitous segment for ubiquitous terminals e.g. navigation systems, PCs, mobile telecommunications and the Device segment that is tasked with integration devices e.g. semiconductors, home digital appliances, servers etc. Its ‘other’ segment deals with the development of IT systems and computer projects.

20) Adobe

• Product type: Information technology (IT) services and consulting.
• Industry: Information technology
• Founded: December 1, 1982
• Founders: Charles Geschke and John Warnock
• Headquarters: San Jose, California, United States
• Area served: Worldwide
• Current CEO: Shantanu Narayen
• Revenue: $4.816B (May 31, 2023)
• Market cap: $254.95B (September 01, 2023)
• Number of employees: 29,239 (2022)

Adobe provides solutions related to digital media. Its operating segments include; digital media, Publishing and digital marketing.

Digital Media provides services related to downloads and installation of latest product versions e.g. Adobe InDesign, Adobe Photoshop, Adobe Illustrator and Adobe Acrobat among others.

Digital marketing division provides solutions in sells and marketing, analytics, media optimization, and monetization while publishing provides services in e-learning, printing and document publishing

Having been founded in the United States in 1982, the company employs more than 29,239 people. In the year 2023, its sales were $4.816 billion and the market Capitalization was around $254.95 billion. Adobe net income for the quarter ending May 31, 2023 was $1.295B. Adobe gross profit for the quarter ending May 31, 2023 was $4.244B.

Adobe Headquarters is based in San Jose, California

IBM still enjoys a bigger market share despite all the competition from the above multinationals.

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