PUBLISHER: Allied Market Research | PRODUCT CODE: 1365725
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365725
According to a new report published by Allied Market Research, titled, "Mainframe Market," The mainframe market was valued at $2.9 billion in 2022, and is estimated to reach $5.6 billion by 2032, growing at a CAGR of 7.3% from 2023 to 2032.
These systems are a top choice for sectors including banking, finance, healthcare, and government owing to their superior reliability, scalability, and security features. Moreover, mainframes are separated by their capacity to manage thousands of concurrent users and process enormous volumes of data. These systems have unmatched scalability, enabling businesses to increase their processing capacity as necessary without sacrificing performance. Mainframes are appropriate for sectors that demand powerful processing capabilities since they can meet the increasing demands of data-intensive applications.
Mainframes are known for their dependability, which is an essential aspect in the industry. To ensure continuous functioning, mainframes are built with redundant parts such as power supply and CPUs. In addition, to avoid data loss and save downtime, they also have sophisticated error detection and correction mechanisms. For industries that cannot afford operational disruptions, this high level of dependability is crucial. Continuous innovation and modernization initiatives by mainframe suppliers are essentially defining the mainframe market. The vendors make research and development investments to improve mainframe performance, expand their capabilities, and support new technologies.
Now that mainframes are connected with cloud computing, AI, and analytics, businesses may benefit from new technologies while using the dependability and scalability of mainframes. Furthermore, another important factor in the mainframe market is security. Sensitive data is safeguarded by strong security measures on mainframes against unauthorized access, breaches, and online dangers. To maintain the integrity and security of data, these systems contain strict access controls, encryption capabilities, and auditing procedures. Mainframes offer dependable platforms for businesses to handle and store their vital data in light of the growing data security issues. These factors have significantly boosted the growth of the mainframe market.
The mainframe market is segmented on the basis of type, end user, and region. By type, it is divided into Z systems, GS series, and others. By end user, it is classified into BFSI, IT and telecom, government and public sector, retail and e-commerce, travel and transportation, manufacturing, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global mainframe industry is dominated by key players such as International Business Machines Corporation, Broadcom, DXC Technology Company, Fujitsu, Hewlett Packard Enterprise Development LP, Atos Se, Dell Inc., HCL Technologies Limited, BMC Software, Inc., Cognizant. These players have adopted various strategies to increase their market penetration and strengthen their position in the mainframe market.
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