ResearchAndMarkets.com has announced a new report, "Mainframe Market by Type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025," which provides an analysis of the global mainframe market along with the current and future trends.
The global mainframe market size was valued at $2,094.12 million in 2017, and is projected to reach $2,906.61 million by 2025, registering a CAGR of 4.3% from 2018 to 2025.
According to the report, an increase in the IoT landscape, a surge in data, and rise in demand for high-performance computing mainframe environments is boosting the mainframe market growth. However, certain factors such as high costs, and shortage of mainframe skills restrain the growth of the mainframe industry.
Various key players have been upgrading and launching new mainframe solutions to offers innovative solutions across different industry verticals and also giving competitive edge to each other in the market, according to the report.
The global mainframe industry was led by the banking, financial services and insurance (BFSI) industry in 2017 and is projected to maintain its dominance during the forecast period. However, the retail segment is expected to witness the highest growth rate. A study has shown that around 23 of the 25 top U.S. retailers run on mainframe systems, which is further expected to face higher demand in the upcoming years and is considered as a major opportunity for the market.
In 2017, the global mainframe market was dominated by North America, and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region include high mainframe spending among financial organizations and retail industry supported by rise in number of online transactions and increase in adoption of mainframes.
However, the Asia-Pacific segment is expected to witness the highest growth, owing to rise in ICT spending among government and BFSI industry in developing countries in the region. In addition, well-established IT & telecom industry in the region possess significant growth capabilities.
The global mainframe market analysis include some of the key market players, such as BMC Software, CA Technologies, Compuware, Dell EMC, Fujitsu Ltd., HCL, Hewlett-Packard, IBM, and others.
For more information on the report's findings, go here.