Top key companies pivots to mainframe market for growth into the lucrative area

Growth in demand for high-performance computing, development of IoT landscape, and rise in adoption of the mainframe as a service fuel the growth of the global mainframe market. On the other hand, lack of mainframe skilled professionals and high costs restrain the growth to certain extent. Nevertheless, the integration of blockchain technology with mainframe and on-going mainframe modernization are expected to create a number of lucrative opportunities in the market.

Based on geography, North America generated more than two-fifth of the total revenue in 2017 and is predicted to lead the trail till 2025. Simultaneously, the Asia-Pacific region is assumed to garner the highest growth rate of 6.5% during the estimated period.

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The global mainframe market generated $2.09 billion in 2017 and is expected to garner $2.91 billion by 2025, growing at a CAGR of 4.3% during the forecast period, 2018-2025.

Based on industry vertical, the BFSI segment is anticipated to continue its top status and garner more than one-quarter of the total market share during the estimated period. At the same time, the retail segment is projected to showcase the highest CAGR of 6.9% throughout 2018-2025,

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Based on the component, the Z systems segment accounted for more than four-fifth of the total market share in 2017 and is expected to dominate through 2018-2025. The others segment, on the other hand, is expected to grow at the highest CAGR of 6.5% during the study period.

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The mainframe market was led by BFSI industry and is projected to maintain its dominance during the forecast period, owing to rise in adoption of upgraded mainframe solutions among financial organizations to tackle increasing financial transactions and workloads.

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