PUBLISHER: The Business Research Company | PRODUCT CODE: 1503846
PUBLISHER: The Business Research Company | PRODUCT CODE: 1503846
Mainframe monitoring tools are software applications designed to monitor, manage, and optimize the performance of mainframe computer systems. These tools provide real-time insights into the health and performance of mainframe environments, covering hardware, operating systems, applications, and networks. They play a crucial role in helping IT teams identify and resolve issues promptly, improve system reliability and availability, and ensure compliance with regulatory requirements.
The main offerings of mainframe monitoring tools include hardware, services, and software. Mainframe monitoring tool hardware comprises physical components and devices necessary for monitoring and managing mainframe systems, such as mainframe computers, network infrastructure, storage devices, and data center infrastructure. These tools find applications across various sectors, including transaction processing, enterprise resource planning (ERP), census industry, and consumer statistics, catering to organizations of different sizes ranging from large enterprises to small and medium-sized enterprises. They are utilized by a diverse range of end-users, including banking, financial services, and insurance, information technology (IT) and telecommunications, healthcare, government and public sector, retail, travel and transportation, manufacturing, and other industries.
The mainframe monitoring tools market research report is one of a series of new reports from The Business Research Company that provides mainframe monitoring tools market statistics, including mainframe monitoring tools industry global market size, regional shares, competitors with a mainframe monitoring tools market share, detailed mainframe monitoring tools market segments, market trends and opportunities, and any further data you may need to thrive in the mainframe monitoring tools industry. This mainframe monitoring tools market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mainframe monitoring tools market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The historical growth can be attributed to technological advancements, the increased complexity of mainframe environments, a growing demand for performance optimization, rising security concerns, and regulatory compliance requirements.
The mainframe monitoring tools market size is expected to see strong growth in the next few years. It will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period can be attributed to the adoption of hybrid cloud strategies, a focus on cost optimization, the emergence of AI and machine learning capabilities, the demand for real-time analytics, and an emphasis on DevOps and agile methodologies. Key trends expected in the forecast period include enhanced automation and orchestration, integration with AIOps platforms, the expansion of predictive analytics capabilities, an emphasis on user experience monitoring, and an increased focus on cloud-native monitoring solutions.
The expected growth in the IoT (Internet of Things) landscape is set to drive the expansion of the mainframe monitoring tools market in the coming years. The IoT landscape refers to the interconnected network of devices, sensors, software, and platforms that facilitate data exchange and communication between physical objects and the digital realm. This landscape is on the rise due to the growing demand for connected devices, data-driven insights, and automation across various industries, which enhances efficiency, productivity, and innovation. The IoT landscape complements mainframe monitoring tools by enabling real-time data collection, analysis, and predictive maintenance, thereby ensuring optimal performance and reliability of critical mainframe systems. For instance, in September 2023, as per a report by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 15.7 billion in 2023 and are projected to reach 38.9 billion by 2029. Hence, the growing IoT landscape is a driving force behind the expansion of the mainframe monitoring tools market.
Key players in the mainframe monitoring tools market are focusing on developing advanced solutions, such as cloud-based solutions leveraging AI and ML algorithms, to analyze vast amounts of operational data generated by mainframe systems in real time. Cloud-based mainframe operation solutions can detect patterns, trends, and anomalies, enabling proactive problem detection and resolution. For example, in June 2023, BMC Software Inc., a US-based IT services provider, launched BMC Automated Mainframe Intelligence (AMI) Cloud, a new suite of products designed to help clients rethink mainframe data management within the context of hybrid IT, including public and private clouds. The BMC AMI Cloud portfolio empowers organizations to leverage hybrid cloud technologies for large-scale, business-critical transactions while benefiting from cloud computing advantages. Opening up mission-critical data provides deeper business insights, allowing better decisions with enhanced security, flexibility, scalability, and efficiency.
In January 2022, Ensono, a US-based IT services provider, acquired ExperSolve for an undisclosed sum. This acquisition further enhances Ensono's capabilities in mainframe optimization and modernization services. ExperSolve Inc. is a US-based IT service management company specializing in mainframe modernization services.
Major companies operating in the mainframe monitoring tools market are International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Amazon Web Services, Micro Focus International plc, Splunk Inc., Hitachi Vantara LLC, BMC Software Inc., Dynatrace LLC, TIBCO Software Inc., Quest Software Inc., Fortra LLC, Ensono LP, Precisely Holdings LLC, Rocket Software Inc., Mainline Information Systems Inc., UNICOM Government Inc., Luminex Software Inc., Blu Age Corporation, LzLabs GmbH, CPT Global Limited, IntelliMagic B.V., GT Software LLC, DataKinetics Corporation
North America was the largest region in the mainframe monitoring tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mainframe monitoring tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mainframe monitoring tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mainframe monitoring tools market consists of revenues earned by entities such as consulting, implementation, integration, customization, and support for monitoring mainframe systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The mainframe monitoring tools market also includes sales of monitoring appliances, server hardware, and data center infrastructure. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Mainframe Monitoring Tools Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mainframe monitoring tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mainframe monitoring tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The mainframe monitoring tools market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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The continued but declining impact of COVID-19 on supply chains and consumption patterns.