IBM provides enterprise software, consulting, infrastructure and hybrid-cloud services.
Mainframe demand repricing is a capex reprioritization, not structural decline—Z-17 at 130% capacity growth, 85% of buyers increasing capacity, and mainframe 5-15x cheaper per unit for resilience workloads. Quantum computing is now in engineering realm: 100M computations by 2029, $1T total market by 2030s, accelerated by HRL acquisition.