The latest research about mainframe market size, market share, application analysis, regional outlook, growth trends, key players, competitive strategies, and forecasts for 2021 to 2029 have been published by Research and Markets.
They say that the global mainframe market is projected to witness a substantial growth, growing at a compound annual growth rate (CAGR) of 3.2 percent during the forecast period from 2021 to 2029, according to a new report added to ResearchAndMarkets.com website.
Not surprisingly, they say that, based on geography, North America led the overall mainframe market accounting for the largest market share in 2020. The region is likely to remain market leader throughout the forecast period from 2021 to 2029.
The presence of some major players, such as IBM, BMC Software, Dell, and Hitachi Vantara, also supports the growth of the market and is expected to provide lucrative opportunities in the years to come, according to the report. In North America, the USA dominated the regional mainframe market in 2020, and is projected to reign throughout the forecast period from 2021 to 2029, the report claimed.
The report informs us that mainframe manufacturers are adopting strategies like new product development and partnerships to cater for the needs of their customers and gain competitive advantage over other players. The major players in the mainframe market include Atos SE, BMC Software, CA Technologies, Cognizant, Dell, DXC Technology Company, FUJITSU, HCL Technologies Limited, Hitachi Vantara Corporation, Infosys Limited, IBM, LzLabs GmbH, Redcentric, Unisys, ViON, and Wipro, among others.
The full report looks at segmentation by product type, including Z Systems, GS 21 Series, and others. There’s end-use vertical segment, including BFSI, Healthcare, Defense & Government, Retail, Public Utilities, and others (Academics and Research, etc). And there is geography, looking at North America (USA and Rest of North America), Europe (UK, Germany, France, Rest of Europe), Asia Pacific (Japan, China, India, Rest of APAC), and the rest of the world (Middle East & Africa, Latin America).
The list of key questions answered in the report are:
- What was the market size of mainframe market in 2020 and forecast up to 2029?
- What are the key factors driving the global mainframe market?
- What are the key market trends and high-growth opportunities observed in the mainframe market?
- What are the drivers of the mainframe market?
- Which is the largest regional market for mainframe market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the mainframe market?
- What are the sustainability strategies adopted by the key players operating in the market?
The trouble with any report like this, certainly looking towards the end of the decade is that, obviously, it cannot predict unexpected events. Its biggest assumption is that life will pretty much carry on as normal – and not allow for pandemics and other crises occurring. However, as that’s the way all of us plan for the future, that’s not too much of a criticism.
The good news for those of us who work in the mainframe world is that the predictions are that the mainframe market will continue to grow over the next eight years, which indicates that we will still be in paid employment for the foreseeable future. Although, perhaps our employment prospects might become in doubt as AI and machine learning make experienced mainframers less needed to run these new machines of the future.
And, there’s always the possibility that mainframes will be replaced by fully functional quantum computers in a few years’ time. And that will have a devasting effect on predictions for the mainframe marketplace by the end of the decade.
Perhaps many mainframers are simply hoping that the industry will still be around until it’s time for them to retire!
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