According to a new report published by Introspective Market Research, titled, “Mainframe Market by Offering, Application, Organization, End Use: Global Opportunity Analysis and Industry Forecast, 2024–2032,” the global Mainframe market size was valued at $ 3.6 Billion in 2023, and is projected to reach $ 5.78 Billion by 2032, registering a CAGR of 5.4 % from 2024 to 2032. An organization may use a mainframe computer system for critical functions including ERP, transaction processing, and data processing. Mainframes are known for their robust security features, robust performance, and capacity to manage massive volumes of data. They have been an essential component of computer systems for a long time, particularly in industries like banking, finance, telecommunications, and government. Large workloads may be effectively managed by mainframes since they can support thousands of users and run numerous operating systems simultaneously.
The dynamic ecosystem of the global market is shaped by a number of factors, including consumer preferences, technology advancements, regulatory regulations, and economic conditions. Recently, there has been a noticeable movement in many sectors toward digital transformation, which has fueled growth in sectors including digital services, IT, and online shopping. This shift has been fueled by the development of cloud computing, artificial intelligence, and Internet of Things (IoT) technologies, which are completely changing how businesses operate and connect with their customers.
A number of factors have contributed to a notable increase in the requirement for high-performance computing systems, particularly mainframes, in the global market in recent years. One of the main reasons that better computational capabilities are needed for the effective processing and analysis of huge and complex datasets is the exponential expansion in data that has occurred in the digital age. These data-intensive operations can now be managed by mainframe systems, which enables businesses and researchers to extract useful insights from the increasing volume of available data. The need for mainframes has increased due to the growing use of artificial intelligence (AI) and machine learning (ML) technologies.
Businesses must modify their operations in the ever-evolving landscape of today to maintain financial success, while more antiquated approaches could not hold up over time. Businesses are increasingly using strategies including digital transformation, process monitoring, innovation, and better customer experiences in order to stay competitive. Digital customer experience is the most important strategy for business development out of all of these. However, this development necessitates addressing out-of-date mainframe software, which calls for mainframe modernization. Updating and modifying outdated mainframe systems to conform to present business needs is known as mainframe modernization.
Global Mainframe Market, Segmentation
The Mainframe market is segmented on the basis of Offering, Application, Organization Size, End Use, and region.
Offering:
The Offering segment is further classified into Hardware, Software, and Services. Among these, the Hardware sub-segment accounted for the highest market share in 2023. The crucial part that hardware plays in mainframe architecture is the major factor contributing to its dominance. Because of its stability, scalability, and dependability, mainframe technology is the foundation of mission-critical applications in sectors including government, healthcare, and finance. Mainframe hardware is highly invested in by organizations in order to guarantee data integrity and high availability, both of which are critical to their operations.
Organization Size:
The application segment is further classified into Large Enterprises and Small and Medium-Sized Enterprises. Among these, the Large Enterprises sub-segment is anticipated to show the fastest growth by 2032. These companies have long relied on mainframe technology to power vital applications and manage enormous volumes of data. They are distinguished by their broad activities, varied IT architecture, and intricate business procedures. They therefore make up the majority of mainframe suppliers' and service providers' clientele. The size and breadth of these companies' operations is a major factor in their dominance in the mainframe industry.
Region:
The Mainframe market in North America is projected to show the fastest growth by 2032. Mainframes have been a mainstay for decades among North American retail titans and financial institutions. Large volumes of sensitive data are processed in these industries, and mainframes provide the unmatched security, scalability, and dependability needed to perform these vital activities. The need for mainframe power in North America is only expected to expand due to the volume of online transactions that are occurring on a constant rise and the complexity of financial products. For many years, mainframes have been the backbone of operations for numerous well-known North American organizations.
Some of the leading Mainframe market players are
- BMC Software, Inc. (US)
- Broadcom (US)
- Cognizant (US)
- CSI International (US)
- Dell Inc. (US)
- DXC Technology Company (US)
- Hewlett Packard Enterprise Development LP (US)
- Hitachi Vantara LLC (US)
- IBM Corporation (US)
- Infinidat (US), and Other Active Players.
Key Industry Developments
- In March 2023, Computer Measurement Group bestowed Broadcom the 'impact innovation award' in recognition of their outstanding contributions to advancing IT advancements. The Precision MSE project, which has produced notable changes and results within their business, was particularly emphasized in the award. Broadcom's management stated that this distinction highlights their dedication to modernizing the mainframe experience for their esteemed clients, as well as validating their continued efforts in building the Precision MSE platform.
Key Findings of the Study / Key Industry Developments.
- ERP, transaction processing, and data management in industries including government, banking, and finance depend on mainframes.
- The need for high-performance computing, growing data volumes, and the use of AI/ML are what propel mainframe utilization.
- Organizations prioritize digital client experiences, which calls for modernizing mainframes to meet present requirements.
