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IBM Reports $2 Billion In Annual Safety Revenues
International Business Machines Corp. Announced its 2015 earnings yesterday. The fiscal statistics around IBM’s next generation technology suggests that Ginni Rometty’s bet on cloud computing, mobility, analytics, and safety is working. We continue to make substantial progress in our transformation into greater value. In 2015, our strategic imperatives of cloud, analytics, cellular, social and security grew 26% to $29 billion and now represent 35% of our total revenue, said Ginni Rometty, IBM chairman, president and chief executive officer. IBM Security, the company unit centered on protecting ventures against cyber threats can be last, but it’s definitely not least.
In reality, IBM’s security business can be the best illustration of the new Big Blue and things to come from them. IBM Security climbed 12 percent in 2015, and became a $2 billion business. This is the second consecutive year that IBM Security posted double digit growth. The global cybersecurity sector is characterized by market sizing evaluates that vary from $75 billion in 2015 to $170 billion by 2020. IBM Security is playing in a marketplace which has $100 billion in paying up for grabs over the next five decades. The cyber security market is estimated at increase at a compound annual growth rate of 9.8 percent from 2015 to 2020, based on a report from Markets and Trade.
IBM Security is surpassing overall security market development. The cybersecurity earnings opportunity is huge, and IBM Security is creating all the right moves – starting with their new general manager. Marc van Zadelhoff was promoted to GM in IBM Security. For the past 9 decades, van Zadelhoff has worked in several strategic functions for IBM security brands. Since taking over the safety unit, he’s been spearheading a brand new plan to help the market battle organized cybercrime. For 2015, IBM’s total cloud earnings increased 43% to $10.2 billion. The cloud safety marketplace alone is likely to be worth $8.7 billion by 2019, according to Trade and Markets. As IBM continues increasing their cloud business, IBM safety must follow.