Insights on the Mainframe Global Market to 2029 - Rising Need of High Processing Computing Power is Driving Growth
DUBLIN , June 16, 2021 /PRNewswire/ -- The "Mainframe Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.
The global mainframe market is projected to witness a substantial growth, growing at a CAGR of 3.2% during the forecast period from 2021 to 2029. Mainframe computers, created in the early 1940's were designed for managing high volumes of data processing and business transactions. At present, for more than 40 years, mainframes have incessantly developed to meet the numerous challenges related to data processing. They normally have a considerable memory for processing several computing tasks at once along with great storage capacity. Mainframes are mainly used by large scale organizations for mission critical applications. No computing platform has the capability of handling a diversity of workloads better than a mainframe. As a result, rising need of high processing computing power is one of the important factor driving the growth of the overall mainframe market.
Today's mainframe generation offers a significant upturn in the system scalability over the preceding mainframe servers. With total system capacity and increased performance, customers continue to consolidate diverse applications on a single platform. Mainframes are often used by banks, government agencies and large companies that have huge storing and processing needs and can handle hundreds of users at the same time. For instance, a banking sector can use mainframe for hosting database of the customer's financial records, for which transactions can be yield from any of thousands of ATM locations worldwide. Thus, in the years to come, mainframes are likely to become more flexible and faster, while also reducing in its physical size. This, in turn is expected to facilitate the market growth during the forecast period from 2021 to 2029.
BFSI garnered the Largest Market Share in 2020
Mainframes occupy a desirable place in various fields like healthcare, banking, insurance, finance, government, and a plethora of other public as well as private enterprises. In 2020, BFSI sector accounted for the largest market share in the global mainframe market. Mainframes continue to be most widely used, especially in the banking sector. Many financial institutions and major banks have mainframes at the center of their technological strategies. More than 70% of banking corporate data still resides on the mainframe. Mainframes alone have reliable, robust and rapid processing power that is required by financial institutions to do all major computing functions in one place.
North America Garnered Largest Market Share in 2020
Based on geography, North America led the overall mainframe market accounting for the largest market share in 2020. The region is likely to remain foremost throughout the forecast period from 2021 to 2029. The presence of some major players like International Business Machines Corporation, BMC Software, Inc., Dell Inc., Hitachi Vantara Corporation, etc. supports the market growth and is expected to provide lucrative opportunities in the years to come. In North America , U.S. dominated the regional mainframe market in 2020. Several players in the market have their production bases mainly in the U.S. As a result, the country is projected to reign throughout the forecast period from 2021 to 2029.
Mainframe manufacturers are adopting strategies like new product development and partnerships to cater the needs of their customers and gain competitive advantage other players. The major players in the mainframe market include Atos SE, BMC Software, Inc., CA Technologies, Cognizant, Dell Inc., DXC Technology Company, FUJITSU Ltd., HCL Technologies Limited, Hitachi Vantara Corporation, Infosys Limited, International Business Machines Corporation, LzLabs GmbH, Redcentric plc, Unisys Corporation, ViON Corporation, and Wipro Limited among others.
Report Scope by Segments
Mainframe market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global mainframe market based on product type, end-use vertical and geography.
Key segments covered in the report are as follows:
Segmentation by Product Type Segment (2019-2029; US$ Bn)
- Z Systems
- GS 21 Series
End-use Vertical Segment (2019 - 2029; US$ Bn)
- Defense & Government
- Public Utilities
- Others (Academics and Research, etc.)
Geography Segment (2019-2029; US$ Bn)
- North America (U.S., Rest of North America )
- Europe (U.K., Germany , France , Rest of Europe )
- Asia Pacific ( Japan , China , India , Rest of APAC)
- Rest of the World ( Middle East & Africa , Latin America )
Key questions answered in this report
- What was the market size of mainframe market in 2020 and forecast up to 2029?
- What are the key factors driving the global mainframe market?
- What are the key market trends and high-growth opportunities observed in the mainframe market?
- What are the drivers of the mainframe market?
- Which is the largest regional market for mainframe market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the mainframe market?
- What are the sustainability strategies adopted by the key players operating in the market?
Key Topics Covered:
2. Executive Summary
3. Market Dynamics
3.2. Market Dynamics
3.3. Attractive Investment Proposition, by Geography, 2020
3.4. Market Positioning of Key Players, 2020
4. Global Mainframe Market, by Product Type , 2019 - 2029 (US$ Bn)
4.2. Z Systems
4.3. GS 21 Series
5. Global Mainframe Market, by End-use Vertical, 2019 - 2029 (US$ Bn)
5.4. Defense & Government
5.6. Public Utilities
5.7. Others (Academics and Research, etc.)
6. North America Mainframe Market Analysis, 2019 - 2029 (US$ Bn)
6.2. North America Mainframe Market Value, By Product Type, 2019 - 2029 (US$ Bn)
6.3. North America Mainframe Market Value, By End-use Vertical, 2019 - 2029 (US$ Bn)
6.4. North America Mainframe Market Value, By Region/Country, 2019 - 2029 (US$ Bn)
7. Europe Mainframe Market Analysis, 2019 - 2029 (US$ Bn)
7.2. Europe Mainframe Market Value, By Product Type, 2019 - 2029 (US$ Bn)
7.3. Europe Mainframe Market Value, By End-use Vertical, 2019 - 2029 (US$ Bn)
7.4. Europe Mainframe Market Value, By Region/Country, 2019 - 2029 (US$ Bn)
8. Asia Pacific Mainframe Market Analysis, 2019 - 2029 (US$ Bn)
8.2. Asia Pacific Mainframe Market Value, By Product Type, 2019 - 2029 (US$ Bn)
8.3. Asia Pacific Mainframe Market Value, By End-use Vertical, 2019 - 2029 (US$ Bn)
8.4. Asia Pacific Mainframe Market Value, By Region/Country, 2019 - 2029 (US$ Bn)
9. Rest of the World Mainframe Market Analysis, 2019 - 2029 (US$ Bn)
9.2. Rest of the World Mainframe Market Value, By Product Type, 2019 - 2029 (US$ Bn)
9.3. Rest of the World Mainframe Market Value, By End-use Vertical, 2019 - 2029 (US$ Bn)
9.4. Rest of the World Mainframe Market Value, By Region, 2019 - 2029 (US$ Bn)
10. Company Profiles
10.1. Atos SE
10.2. BMC Software, Inc.
10.3. CA Technologies
10.5. Dell Inc.
10.6. DXC Technology Company
10.7. FUJITSU Ltd.
10.8. HCL Technologies Limited
10.9. Hitachi Vantara Corporation
10.10. Infosys Limited
10.11. International Business Machines Corporation
10.12. LzLabs GmbH
10.13. Redcentric plc
10.14. Unisys Corporation
10.15. ViON Corporation
10.16. Wipro Limited
For more information about this report visit https://www.researchandmarkets.com/r/i5cejq
Research and Markets
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