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

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

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 ATTRIBUTESDETAILS
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

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig deep, using both numbers and insights, to break down the market into understandable pieces, looking at everything from money to how people feel. We'll show you the market size (in USD Billion!) for each of these pieces. You'll also find out which region and segment we think will grow the fastest and become the biggest. We'll explore each region, highlighting what people are buying and what's influencing their choices. Expect a look at the competition, including who's on top, who's launching new stuff, and who's partnering up or buying each other. Plus, detailed profiles of the major players, covering their background, strengths, weaknesses, and how their products stack up. We also give you our take on where the market's headed, considering recent events, opportunities, and challenges in both new and established areas. We'll even analyze the market using Porter's five forces and give you insight into the value chain. Finally, we provide a picture of the market's dynamics, future growth opportunities, and 6 months of analyst support after your purchase.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.