IntroductionGlobal Mainframe Market
Mainframes are widely used by large-scale organizations. In general, they are used for mission-critical applications as the applications process a massive volume of data. The mainframe systems are quite famous for their large amounts of storage. Besides, they offer a maximum level of security, reliability and faster processing speed. It is expected that the rising pressure on various businesses to manage massive volume and different transactions due to latest digitization and mobility trends will drive the Global Mainframe Market during the forecasting period.
The mainframe software and hardware products are best for increasing the number of data processing and transaction as those products have the ability to let the thousands of users to applications to access the data simultaneously without any issue. As per the report, in the year 2017, the global market value was USD 2,094.12 million. But now it is growing rapidly every year. The reason is increasing demand for mainframe systems in different sectors. So, by the end of 2022, the Mainframe Market will reach $2,606 million at a CAGR of 4.3% from 2018 to 2022.
Some factors such as the growing IoT industry, high-performance computing, increasing number of data set, etc. are propelling the global market growth. Well, it has been seen that higher costs of the system and lack of mainframe professionals are affecting the market. But modern trend in modernization of mainframes and advanced technological innovation will set to create a lot of profitable opportunities for the top mainframe system manufacturers throughout the world in the coming years. It will significantly drive the market growth.
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Key Players of Global Mainframe Market =>
- IBM (USA)
- Unisys (USA)
- Fujitsu (JP)
Global Market Segmentation of Mainframes
The World Mainframe Market is divided on the basis of product type, application, and regions. Talking about the product type-based segmentation of the market, it includes GS21, Z Systems, ClearPath Dorado Systems, and Others. Among them, the Z system segment dominated the global market in the year 2017. The primary reason was massive adoption of mainframe solutions from IBM. Around 45 banks, government agencies, healthcare companies, and others are now using this system. So, this segment will be on top during the forecast period. Based on the application, it is segmented into Commercial operation, Financial services, Public affairs, and Others.
Geographical Market Segmentation of Mainframe Systems
The Global Mainframe Market, geographically segmented into North America, Asia Pacific, South America, Middle East, Africa, and Others. As per the report, in 2017, the North America region dominated the entire market, owing a massive demand for mainframe systems in different industries, like federal agencies, insurance, banking and more. In that year more than 500 companies used the mainframe systems. However, not it forecasted that from 2019 to 2022, the Asia Pacific region would dominate the global market. Some of the major reasons behind this are the increasing number of IT investments by different organizations in countries like Japan, India, China, Singapore, and other Asian countries.
In September 2019, IBM launched its new IBM z15™, a new enterprise platform that is primarily designed to deliver the ability to manage customer’s data privacy in hybrid multi-cloud environment. With new z15, users can now easily manage who are accessing the data through the policy-based controls. Users can even revoke access to data across the hybrid clouds.
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