June 22, 2020
As per the report titled ‘Global Mainframe Market Size study with COVID-19 impact, by Type (Z Systems, GS Series, Others), by Industry Vertical (BFSI, IT & Telecom, Government & Public Sector, Retail, Travel & Transportation, Manufacturing, Others) and Regional Forecasts 2020-2026’ available with Market Study Report LLC, global mainframe market crossed a valuation of USD 2.27 billion in 2019 and is projected to register 4.3% CAGR through 2026.
Rising burden on different businesses to manage huge volume of data along with variety of transactions due to increasing digitization and development of IoT infrastructure are among the key factors driving global mainframe market growth.
Mainframes are data servers with massive amount of storage and processing power that are capable of processing up to 1 trillion web transactions daily with highest levels of security and reliability. These servers are prevalently used in large organizations for critical applications requiring processing of enormous data. The ability to allocate innumerable users and applications for retrieving the same data between each other instantly without any intervention will continue to sustain the demand for mainframe software and hardware products for managing the escalating number of transactions and data sets.
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According to the 2018 World Payment Report (WPR), worldwide non-cash transactions volumes increased at 10.1% in 2016 to 482.6 billion. Similarly, several studies report that 18 of the top 25 retailers have shifted their core business support systems and applications on mainframes. Increasing non-cash transactions through digital wallets and transition of existing businesses processes from conventional solutions to mainframe solutions will augment in the industry growth in the forthcoming years.
On the contrary, dearth of skilled professionals will hinder the industry growth over the forecast period. In addition, demand of mainframes has witnessed a decline as most of the critical organizations requiring these data servers, such as governments, BFSI, retail, and other major industries remain shut to contain the spread of COVID-19 disease.
From a regional viewpoint, North America is the leading contributor for global mainframe market, owing to extensive adoption of mainframes across various industry verticals, along with presence of several major players in the region.
Meanwhile, Asia Pacific mainframe industry is expected to display robust growth over 2020-2026, due to increasing IT expenditure among government and financial organizations in developing nations like India and China.
Major players in global mainframe market are Unisys Corporation, NEC Corporation, IBM Corporation, Hewlett-Packard Enterprise, HCL, Fujitsu Ltd., Dell EMC, Compuware Corporation, CA Technologies, and BMC Software, Inc.