Press release
Mainframe Market is expected to reach USD 3.9 Billion by 2030
Mainframe Market - DataM Intelligence
Global Mainframe Market reached USD 2.3 billion in 2022 and is expected to reach USD 3.9 Billion by 2030, growing with a CAGR of 7.2% during the forecast period 2023-2030.
The global mainframe market is experiencing a surge driven by increased investments in the modernization of existing core systems, aiming at digital transformation and innovation in applications, process strategies, and IT infrastructure.
A significant contributor to this growth is the introduction of flexible and multipurpose mainframe versions capable of dynamically reconfiguring hardware and software resources, including processors, memory, and device connections. In the forecast period from 2023 to 2030, the Banking, Financial Services, and Insurance (BFSI) sector is expected to represent nearly one-third of the global mainframe market.
The BFSI sector places a premium on data security given the sensitivity of financial and personal information. As an example, LzLabs introduced their software-defined mainframe technology to North America in 2020, leveraging their partnership with Microsoft. The LzLabs Software Defined Mainframe is being targeted for sale to customers in diverse sectors such as banking, telecommunications, insurance, and government, emphasizing the crucial role of data security in these industries.
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Market Dynamics
The Surge in Mainframe Modernization Adoption
In the realm of evolving business strategies, the pursuit of a digital customer experience has emerged as the most fitting avenue for business practice evolution. While various approaches advocate for the complete replacement or operation of outdated mainframe applications, a nuanced strategy gaining traction is the process of modernizing and modifying legacy mainframe systems, commonly known as mainframe modernization.
A notable development in this landscape occurred in October 2022 when Atos achieved recognition as a Leader in mainframe services and solutions, as per the 2022 Information Services Group (ISG) Provider LensTM.
The acknowledgment underscores Atos's robust hyperscaler alliances, strategically positioned to comprehensively support clients' needs in mainframe modernization. This recognition particularly highlights Atos's leadership in the U.S., encompassing services such as mainframe modernization, Mainframe-as-a-Service, mainframe operations, and mainframe application modernization and transformation services.
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Market Segmentation
By Type
Z Systems
GS Series
Others
By Organization Size
Large Enterprises
Small and Medium Enterprises
By Application
Transaction
ERP
Census Industry
Others
By Offering
Hardware
Software
Services
By End-User
BFSI
IT and Telecom
Healthcare
Government and Public Sector
Retail
Manufacturing
Market Key Players
Major players are IBM Corporation, Broadcom, DXC Technology Company, Hitachi Vantara LLC, Hewlett-Packard, ATOS SE, BMC Software Inc., Cognizant and Dell Inc.
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