Technavio, a leading provider of market research reports, has released its latest study on Mainframes Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
The Technavio classification positions the global mainframes market under the expansive umbrella of the global IT software market. This super sector encompasses enterprises specializing in the creation and distribution of application, systems, and database software. The global systems software market encompasses a diverse range of organizations involved in the development and management of application development and cloud computing software, data centers, IT management software, mobility software, networking software, security software, and storage software, excluding those engaged in home entertainment software production. Market size is determined by aggregating the revenues of all companies providing various types of systems software, including cloud-based solutions. - The Mainframes Market is experiencing significant growth, fueled by the Increasing investments in data centers. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The market size is estimated to grow by USD 1159.9 million, at a CAGR of 6.32% during the forecast period. Increased adoption of high-performance computing across enterprises | Rising mergers and acquisitions | Increasing investments in green data centers
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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.
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.
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