Press release
Mainframe Monitoring Tools Market Set to Reach $2.08 Billion by 2029 with 7.4% Yearly Growth
Mainframe Monitoring Tools Market Size
The expansion of the Internet of Things (IoT) landscape is anticipated to boost the mainframe monitoring tools market. The IoT landscape is growing due to the increasing use of connected devices and data-driven insights. This enhances mainframe monitoring by enabling real-time data analysis and predictive maintenance. According to Ericsson, global IoT connections reached 15.7 billion in 2023 and are projected to grow to 38.9 billion by 2029, supporting the growth of mainframe monitoring tools.
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How will the growth rate of the mainframe monitoring tools market shape industry trends by 2034?
The mainframe monitoring tools market will grow from $1.45 billion in 2024 to $1.56 billion in 2025 at a CAGR of 7.8%, supported by technological advancements, security needs, and regulatory compliance.
The mainframe monitoring tools market is expected to grow substantially, reaching $2.08 billion by 2029 at a CAGR of 7.4%. Growth is driven by hybrid cloud adoption, cost optimization, AI and machine learning integration, real-time analytics demand, and a focus on DevOps and agile methods. Major trends include increased automation, AIOps platform integration, predictive analytics expansion, enhanced user experience monitoring, and the rise of cloud-native monitoring solutions.
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What trends are poised to drive the future success of the mainframe monitoring tools market?
Major companies in the mainframe monitoring tools market are developing advanced solutions, such as cloud-based systems that leverage AI and machine learning algorithms to analyze operational data from mainframe systems in real time. For example, in June 2023, BMC Software Inc., a US-based IT services provider, launched BMC Automated Mainframe Intelligence (AMI) Cloud, a suite of products that allows organizations to manage large-scale, business-critical transactions with hybrid cloud technologies while improving decision-making, flexibility, and security.
Which primary segments of the mainframe monitoring tools market are driving growth and industry transformations?
The mainframe monitoring tools market covered in this report is segmented -
1) By Offering: Hardware, Services, Software
2) By Application: Transaction, Enterprise Resource Planning (ERP), Census Industry, Consumer Statics
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By End Use: Banking Financial Services And Insurance, Information Technology (IT) And Telecom, Healthcare, Government And Public Sector, Retail, Travel And Transportation, Manufacturing, Other End Uses
Subsegments:
1) By Hardware: Mainframe Servers, Storage Devices, Network Infrastructure
2) By Services: Consulting Services, Installation And Integration Services, Maintenance And Support Services, Managed Services
3) By Software: Monitoring And Management Software, Security And Compliance Software, Performance Optimization Software, Data Analytics And Reporting Software
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Which geographical regions are pioneering growth in the mainframe monitoring tools market?
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.
Who are the influential players reshaping the mainframe monitoring tools market landscape?
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
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What Is Covered In The Mainframe Monitoring Tools Global Market Report?
•Market Size Forecast: Examine the mainframe monitoring tools market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the mainframe monitoring tools market for a structured understanding.
•Key Players Overview: Analyze major players in the mainframe monitoring tools market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the mainframe monitoring tools market.
•Segment Contributions: Evaluate how different segments drive overall growth in the mainframe monitoring tools market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the mainframe monitoring tools market.
•Industry Challenges: Identify potential risks and obstacles affecting the mainframe monitoring tools market.
•Competitive Landscape: Review strategic developments in the mainframe monitoring tools market, including expansions, agreements, and new product launches.
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