Executive Briefings

With $10Bn Invested, Walmart Becomes Largest IT Spender in the World

Saying Walmart is the biggest IT investor in retail might raise a few eyebrows, but most people would likely shrug their shoulders and respond with "well that makes sense." But according to the latest research from IDC, Walmart is not only the biggest IT spender in retail but the biggest investor in IT across industries worldwide.

With $10Bn Invested, Walmart Becomes Largest IT Spender in the World

Walmart topped IDC's "The Big Guns: IDC's Worldwide Top 10 IT Spenders" report beating out heavy hitters like Citigroup, AT&T and ExxonMobil for the title of biggest IT spender. The competition for the top spot wasn't even close, with Walmart nearly doubling second-place finisher Bank of America's seemingly paltry $5.33bn investment, with a jaw-dropping $10.16bn tally according to IDC estimates.

The $10bn estimate for Walmart's IT expenditures includes hardware, software, IT services, telecommunication service and internal IT spending. With revenue approaching $500bn in 2014 the retailing giant certainly has money to spend, and although $10bn is a massive figure it is really just a drop in the Walmart bucket.

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Walmart topped IDC's "The Big Guns: IDC's Worldwide Top 10 IT Spenders" report beating out heavy hitters like Citigroup, AT&T and ExxonMobil for the title of biggest IT spender. The competition for the top spot wasn't even close, with Walmart nearly doubling second-place finisher Bank of America's seemingly paltry $5.33bn investment, with a jaw-dropping $10.16bn tally according to IDC estimates.

The $10bn estimate for Walmart's IT expenditures includes hardware, software, IT services, telecommunication service and internal IT spending. With revenue approaching $500bn in 2014 the retailing giant certainly has money to spend, and although $10bn is a massive figure it is really just a drop in the Walmart bucket.

Read Full Article

With $10Bn Invested, Walmart Becomes Largest IT Spender in the World