Authored By: Sarah
11 Jul 2024

 Mainframes Market to grow by USD 1159.88 million between 2024-2028

According to a research report “ Mainframes Market” by Component (Hardware, Software, Services) End-user (BFSI, IT and telecom, Government and public sector, Retail and e-commerce, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1159.88 million at a CAGR of  6.32% during the forecast period. In today's data-driven business landscape, the surge in data traffic from enterprises and individual consumers has fueled the need for advanced data center solutions. To meet this demand, companies are investing in building their own data centers or collocating in data centers, leading to an increased requirement for mainframes. These mainframes optimize data center operations, making them more efficient and effective. Furthermore, the growing adoption of cloud computing is accelerating this trend, making mainframes an indispensable component in the data center infrastructure market..

Browse market data tables, figures, and in-depth TOC on “Mainframes Market” by Component (Hardware, Software, Services) End-user (BFSI, IT and telecom, Government and public sector, Retail and e-commerce, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa) Global Forecast to 2028.

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By Component, the Hardware segment is projected to dominate the market size in 2024.

In the rapidly evolving business landscape of the BFSI sector, organizations are increasingly relying on advanced IT infrastructure to ensure optimal uptime, security, connectivity, and data integrity. With the growing complexities in financial services, maintaining private data centers necessitates robust and reliable tools. Notably, major BFSI players like Kotak Bank and JP Morgan Chase have recently invested substantial sums, USD800 million and USD2 billion respectively, in expanding their data center infrastructure. These investments underscore the significance of mainframes in handling the massive data processing requirements of the industry.

By End-user, BFSI  segment is expected to hold the largest market size for the year 2024.

In the global mainframes market, the hardware segment holds a significant market share, driven by increasing demand from data centers and end-user industries for high-performance devices. This segment includes main storage, central processors, timers, and channels. To maintain competitiveness, manufacturers are innovating by integrating edge and quantum computing, as well as robotics, into their mainframes.

North America is forecasted to hold the largest market size by region in 2024.

In North America, the surging need for data centers and servers, fueled by substantial investments from hyper-scale cloud providers, is driving the demand for mainframes. This trend is anticipated to persist throughout the forecast period, with additional impetus from colocation service providers, enterprises modernizing their IT infrastructure for edge computing, 5G, multi-cloud services, big data analytics, and IoT, and the concurrent requirement for robust power supplies to sustain these infrastructural developments.

The Mainframes Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Accenture Plc
  • BMC Software Inc.
  • Broadcom Inc.
  • Capgemini Service SAS
  • Dell Technologies Inc.
  • DXC Technology Co.
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise Co.
  • Hexaware Technologies Ltd.
  • Hitachi Ltd.
  • Infosys Ltd.
  • International Business Machines Corp.
  • LzLabs GmbH
  • Microsoft Corp.
  • Mphasis Ltd.
  • Oracle Corp.
  • Peraton Corp.
  • Tata Consultancy Services Ltd.
  • Unisys Corp.
  • Wipro Ltd.
.

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Research Analysis Overview

In the dynamic and ever-evolving tech landscape of Silicon Valley, mainframes continue to play a pivotal role in various industries, including Retailers, Airlines, and Manufacturing. These powerful computing systems, featuring Silicon memory and advanced Virtualization technology, have been instrumental in managing Large data repositories and Transaction servers for decades. Mainframes have been integral to IT infrastructure modernization initiatives, enabling Digitalization, Data analysis, and Blockchain integration. Skilled professionals are in high demand for Mainframe service and maintenance, addressing Cost issues and ensuring the reliability of these complex systems. Moreover, Mainframes' robustness and Power supply capabilities make them indispensable in critical environments such as Data centers and IoT landscapes. Redundant parts and Mainframe suppliers ensure business continuity, while Mainframe service providers offer upgrades like the GS series and Z systems to keep these systems current. In summary, Mainframes remain a vital component of the Computing environment, providing essential services to various sectors, from IT infrastructure to Electrical power industries. Their role in managing and processing Large data, ensuring data security, and powering modern business operations is unparalleled.

Market Research Overview

In the dynamic and evolving technology landscape, mainframes continue to play a crucial role in various industries, particularly in healthcare organizations. These computer systems, known for their robustness and reliability, are subject to stringent regulatory standards and cybersecurity concerns. Modernization efforts in the mainframe market focus on technological innovation, such as AI and analytics, to process large data volumes and predict demand. Flexibility and scalability are essential features, enabling personalized services and mobile access. Mainframes support mission-critical workloads, including patient data, medical research, and decision support. Digital transformation initiatives in the mainframe market involve system integration, user interface enhancements, and cost optimization through DevOps practices, containerization, and high-performance computing. Mainframe suppliers collaborate with cloud computing providers like AWS to offer advanced analytics and artificial intelligence capabilities. Mainframe technology's sustainability initiatives include power supply efficiency and redundant components. The market also addresses cost issues through mainframe service and legacy system upgrades. The IoT landscape and blockchain integration are emerging trends in the mainframe market. Skilled professionals are in high demand to manage and modernize these complex systems.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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