Global Mainframe Market Size By Type, By End User, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Mainframe Market Size By Type, By End User, By Geographic Scope And Forecast
Mainframe Market Size And Forecast
Mainframe Market size was valued at USD 3.15 Billion in 2023 and is projected to reach USD 5.53 Billion by 2030, growing at a CAGR of 8.41%during the forecast period 2024-2030.
Global Mainframe Market Drivers
The market drivers for the Mainframe Market can be influenced by various factors. These may include
Legacy computers To operate vital applications, many large organisations continue to rely on mainframe computers. The need for mainframe goods and services is fueled by the need for upkeep, modernization, and updates for these legacy systems.
Performance and Reliability Mainframes are renowned for their exceptional performance, scalability, and dependability, which makes them appropriate for managing complicated workloads and massive data volumes. Mainframe technology is still purchased by businesses in sectors like banking, healthcare, and government where security and dependability are critical.
Security and Compliance Mainframes are in compliance with numerous industry standards and laws and provide strong security measures. Organisations are prioritising secure computing environments as cybersecurity risks continue to change, which increases demand for mainframe solutions.
Economic Effectiveness Although mainframes are thought to be costly, they can be economical for businesses that require a lot of processing power. In comparison to dispersed systems, mainframes can cut energy usage, simplify workloads, and take up less physical space, all of which add up to long-term cost benefits.
Modernization Initiatives In order to stay competitive, a lot of businesses are updating their apps, integrating cloud services with their mainframe environments, and putting DevOps techniques into place. The demand for goods and services pertaining to mainframes is influenced by this modernization movement.
Hybrid IT Environments In hybrid IT environments, mainframes are frequently included as a complement to other computing platforms, like edge and cloud computing. The requirement for mainframe systems that can integrate with other technologies seamlessly is driven by this integration.
Skill Availability Despite worries about a skills deficit, a sizable workforce remains knowledgeable with mainframe systems. The continuous usage and advancement of mainframe systems is facilitated by the availability of qualified professionals.
Global Mainframe Market Restraints
Several factors can act as restraints or challenges for the Mainframe Market. These may include
High Initial Investment The acquisition and upkeep of mainframe systems are costly, necessitating a substantial initial outlay of funds.
Complexity Mainframe systems are intricate and require specialised knowledge to run and maintain, which raises expenses and restricts their use.
Limited Scalability Compared to cloud-based alternatives, mainframes can be more difficult to scale, despite their tremendous processing capability.
Vendor lock-in Customers of mainframes are frequently restricted from switching to other suppliers because of their ties to particular providers.
Legacy Technology Perception Mainframes are perceived as antiquated by certain organisations, which could impede their adoption by more recent startups or those pursuing digital transformation.
Integration Challenges It can be difficult and expensive to integrate mainframe systems with contemporary technologies and applications.
Energy Consumption Due to their large energy consumption, mainframes can raise operating expenses and raise environmental issues.
Security Concerns Because mainframes are essential to many organisations, they are frequently the target of cyberattacks, necessitating strong security measures.
Global Mainframe Market Segmentation Analysis
The Global Mainframe Market is Segmented on the basis of Type, End User, And Geography.
Mainframe Market, By Type
Z Systems Offered by IBM, these are high-end mainframes known for their reliability, security, and scalability.
ClearPath Dorado Systems These are mainframes produced by Hitachi, known for their efficiency and cost-effectiveness.
GS21 Series This is a line of mainframes from Fujitsu, known for their advanced security features and support for large workloads.
Mainframe Market, By End User
Banking, Financial Services and Insurance (BFSI) This sector heavily relies on mainframes for core banking activities, transaction processing, and data security.
IT & Telecom Telecommunication companies and IT service providers use mainframes for network management, data storage, and mission-critical applications.
Government & Public Sector Government agencies often utilize mainframes for citizen data management, tax processing, and other essential tasks.
Mainframe Market, By Geography
North America Market conditions and demand in the United States, Canada, and Mexico.
Europe Analysis of the Health Care Credentialing Software Market in European countries.
Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
Middle East and Africa Examining market dynamics in the Middle East and African regions.
Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Mainframe Market are
International Business Machines Corporation (IBM)
Broadcom
DXC Technology Company
Fujitsu
Hewlett Packard Enterprise Development LP
Atos SE
Dell Inc.
HCL Technologies Limited
BMC Software, Inc.
Cognizant
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2020-2030
BASE YEAR
2023
FORECAST PERIOD
2024-2030
HISTORICAL PERIOD
2020-2022
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
International Business Machines Corporation (IBM), Broadcom, DXC Technology Company, Fujitsu, Hewlett Packard Enterprise Development LP, Dell Inc., HCL Technologies Limited, BMC Software, Inc., Cognizant
SEGMENTS COVERED
By Type,
By End User,
And By Geography.
CUSTOMIZATION SCOPE
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