$10.5 billion was spent by Wal-Mart on information technology.

“According to market researcher International Data Corp., Wal-Mart Stores Inc. once again topped the list of the greatest technology spenders worldwide, having spent more than $10.5 billion in 2015. Financial services are provided by five of the top ten businesses, including JPMorgan Chase & Co. and Bank of America Corp. According to IDC, the 10 collectively spent $53.7 billion, up from $45.3 billion in 2014 (see graph). According to David Lantsman, a senior research analyst at IDC, IT investment has increased recently due to pent-up demand for business projects following significant cuts in IT spending in the years following the U.S. recession. They must invest. They do not want to fall behind, he declared.