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Global $2.9Bn Mainframe Market by Type & Industry Vertical - Forecast to 2025DUBLIN, Aug. 21, 2019 /PRNewswire/ -- The "Mainframe Market by Type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
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. Increase in IoT landscape, surge in number of large data, and rise in demand for high-performance computing mainframe environments boost the mainframe market growth. However, certain factors such as high costs, and shortage of mainframe skills restrain the growth of the mainframe industry. According to market analysis, the Z systems accounted for the global mainframe market share in 2017, as these systems are widely adopted by different industry verticals, including government, banking, and insurance owing to its exceptional benefits such as costs savings, high reliability, and sharper focus. Furthermore, GS series and other mainframes are expected to grow at significant CAGR during the forecast period, due to rise in shift toward domestic player products, which make it a major mainframe market opportunity. For instance, companies such as Huawei Technologies Co. Ltd. and Inspur Co. Ltd. have partnered with several bank IT departments for mainframe installations. The global mainframe industry was led by the 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, Inc., CA Technologies, Compuware Corporation, Dell EMC, Fujitsu Ltd., HCL, Hewlett-Packard, IBM Corporation, NEC Corporation, and Unisys Corporation. Key Findings
Companies Profiled
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