North America Mainframe Modernization Market Size, Share & Industry Analysis Report By Organization Size (Large Enterprises and SMEs), By Component Type (Services and Software), By Vertical (BFSI, IT & ITeS, Healthcare, Retail, Manufacturing, Media & Entertainment, Education and Other Vertical), By Country and Growth Forecast, 2025 - 2032

The North America Mainframe Modernization Market would witness market growth of 9.2% CAGR during the forecast period (2025-2032).

The US market dominated the North America Mainframe Modernization Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $3,396.1 million by 2032. The Canada market is experiencing a CAGR of 11% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 10.4% during (2025 - 2032). The US and Canada led the North America Mainframe Modernization Market by Country with a market share of 69.2% and 15.4% in 2024.

As companies in banking, insurance, government, and healthcare try to modernize legacy systems that are decades old to meet the needs of the digital age, the North American mainframe modernization market is going through a big change. Modernization has changed from small upgrades to full-scale changes by refactoring, re-architecting, and moving workloads to hybrid or cloud environments. Companies are using hybrid cloud strategies, automation, and AI-driven tools like IBM's Watsonx Code Assistant and AWS Mainframe Modernization services to speed up modernization while lowering operational risks and reliance on outdated skills. This is because they need to be flexible, scalable, and cost-effective.

IBM's hybrid-cloud ecosystem is the most powerful in the market, but cloud hyperscalers like AWS and Microsoft are becoming more important, and consulting firms like Deloitte, Accenture, and Infosys are also very involved. Key strategies include using AI to automate tasks, forming strategic partnerships, and modernizing in stages to focus on workloads that will have the biggest impact for the best return on investment. The North American mainframe modernization market is moving away from maintenance-driven operations and toward infrastructure that is ready for the future and led by innovation. This is happening as government programs like the Technology Modernization Fund (TMF) and digital transformation across industries speed up.

Organization Size Outlook

Based on Organization Size, the market is segmented into Large Enterprises and SMEs. With a compound annual growth rate (CAGR) of 8.2% over the projection period, the Large Enterprises Market, dominate the US Mainframe Modernization Market by Organization Size in 2024 and would be a prominent market until 2032. The SMEs market is expected to witness a CAGR of 8.8% during (2025 - 2032).

Component Type Outlook

Based on Component Type, the market is segmented into Services and Software. The Services market segment dominated the Canada Mainframe Modernization Market by Component Type is expected to grow at a CAGR of 10.7 % during the forecast period thereby continuing its dominance until 2032. Also, The Software market is anticipated to grow as a CAGR of 11.4 % during the forecast period during (2025 - 2032).

Free Valuable Insights: The Mainframe Modernization Market is Predicted to reach USD 15.91 Billion by 2032, at a CAGR of 9.5%

Country Outlook

The U.S. mainframe modernization market is driven by the need to change old systems that are used for important operations in banking, insurance, government, healthcare, and retail into flexible, cloud-based systems. Some of the most important factors are the large number of mainframes already in use, rising operating costs, a workforce that is retiring with mainframe-specific skills, and growing demands for agility, analytics, and compliance with regulations. Companies are moving away from "rip and replace" methods and toward hybrid strategies that combine mainframes with cloud environments, update interfaces, reorganize workloads, and use DevOps and AI-driven automation. Services like mainframe-as-a-service are becoming more popular because they help businesses save money on staff and equipment. There is a lot of competition, with global IT services companies, cloud hyperscalers, and specialized vendors all offering end-to-end modernization solutions that take compliance, scalability, and minimal disruption into account.

List of Key Companies Profiled

• IBM Corporation
• Accenture PLC
• HCL Technologies Ltd. (HCL Enterprises)
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Tata Consultancy Services Ltd.
• Capgemini SE
• Infosys Limited
• DXC Technology Company
• Wipro Limited
• Open Text Corporation

North America Mainframe Modernization Market Report Segmentation

By Organization Size

• Large Enterprises
• SMEs

By Component Type

• Services
• Software

By Vertical

• BFSI
• IT & ITeS
• Healthcare
• Retail
• Manufacturing
• Media & Entertainment
• Education
• Other Vertical

By Country

• US
• Canada
• Mexico
• Rest of North America

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Mainframe Modernization Market, Organization Size
1.4.2 North America Mainframe Modernization Market, by Component Type
1.4.3 North America Mainframe Modernization Market, by Vertical
1.4.4 North America Mainframe Modernization Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario 
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Market Trends – North America Mainframe Modernization Market
Chapter 5. State of Competition – North America Mainframe Modernization Market
Chapter 6. Value Chain Analysis of Mainframe Modernization Market
Chapter 7. Product Life Cycle – Mainframe Modernization Market
Chapter 8. Market Consolidation – Mainframe Modernization Market
Chapter 9. Key Customer Criteria – Mainframe Modernization Market
Chapter 10. Competition Analysis - Global
10.1 KBV Cardinal Matrix
10.2 Recent Industry Wide Strategic Developments
10.2.1 Partnerships, Collaborations and Agreements
10.2.2 Product Launches and Product Expansions
10.2.3 Acquisition and Mergers
10.3 Market Share Analysis, 2024
10.4 Top Winning Strategies
10.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
10.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Nov – 2025, Oct) Leading Players
10.5 Porter Five Forces Analysis

Chapter 11. North America Mainframe Modernization Market by Organization Size
11.1 North America Large Enterprises Market by Region
11.2 North America SMEs Market by Region

Chapter 12. North America Mainframe Modernization Market by Component Type
12.1 North America Services Market by Country
12.2 North America Software Market by Country

Chapter 13. North America Mainframe Modernization Market by Vertical
13.1 North America BFSI Market by Country
13.2 North America IT & ITeS Market by Country
13.3 North America Healthcare Market by Country
13.4 North America Retail Market by Country
13.5 North America Manufacturing Market by Country
13.6 North America Media & Entertainment Market by Country
13.7 North America Education Market by Country
13.8 North America Other Vertical Market by Country

Chapter 14. North America Mainframe Modernization Market by Country
14.1 US Mainframe Modernization Market
14.1.1 US Mainframe Modernization Market by Organization Size
14.1.2 US Mainframe Modernization Market by Component Type
14.1.3 US Mainframe Modernization Market by Vertical
14.2 Canada Mainframe Modernization Market
14.2.1 Canada Mainframe Modernization Market by Organization Size
14.2.2 Canada Mainframe Modernization Market by Component Type
14.2.3 Canada Mainframe Modernization Market by Vertical
14.3 Mexico Mainframe Modernization Market
14.3.1 Mexico Mainframe Modernization Market by Organization Size
14.3.2 Mexico Mainframe Modernization Market by Component Type
14.3.3 Mexico Mainframe Modernization Market by Vertical
14.4 Rest of North America Mainframe Modernization Market
14.4.1 Rest of North America Mainframe Modernization Market by Organization Size
14.4.2 Rest of North America Mainframe Modernization Market by Component Type
14.4.3 Rest of North America Mainframe Modernization Market by Vertical

Chapter 15. Company Profiles
15.1 IBM Corporation
15.1.1 Company Overview
15.1.2 Financial Analysis
15.1.3 Regional & Segmental Analysis
15.1.4 Research & Development Expenses
15.1.5 Recent strategies and developments:
15.1.5.1 Partnerships, Collaborations, and Agreements:
15.1.5.2 Product Launches and Product Expansions:
15.1.5.3 Acquisition and Mergers:
15.1.6 SWOT Analysis
15.2 Accenture PLC
15.2.1 Company Overview
15.2.2 Financial Analysis
15.2.3 Segmental Analysis
15.2.4 Recent strategies and developments:
15.2.4.1 Partnerships, Collaborations, and Agreements:
15.2.4.2 Acquisition and Mergers:
15.2.5 SWOT Analysis
15.3 HCL Technologies Ltd. (HCL Enterprises)
15.3.1 Company Overview
15.3.2 Financial Analysis
15.3.3 Segmental and Regional Analysis
15.3.4 Research & Development Expenses
15.3.5 Recent strategies and developments:
15.3.5.1 Partnerships, Collaborations, and Agreements:
15.3.5.2 Product Launches and Product Expansions:
15.3.6 SWOT Analysis
15.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
15.4.1 Company Overview
15.4.2 Financial Analysis
15.4.3 Segmental and Regional Analysis
15.4.4 Recent strategies and developments:
15.4.4.1 Product Launches and Product Expansions:
15.4.5 SWOT Analysis
15.5.1 Company Overview
15.5.2 Financial Analysis
15.5.3 Segmental and Regional Analysis
15.5.4 Research & Development Expenses
15.5.5 Recent strategies and developments:
15.5.5.1 Product Launches and Product Expansions:
15.5.6 SWOT Analysis
15.6 Capgemini SE
15.6.1 Company Overview
15.6.2 Financial Analysis
15.6.3 Regional Analysis
15.6.4 Recent strategies and developments:
15.6.4.1 Partnerships, Collaborations, and Agreements:
15.6.5 SWOT Analysis
15.7 Infosys Limited
15.7.1 Company Overview
15.7.2 Financial Analysis
15.7.3 Segmental and Regional Analysis
15.7.4 Research & Development Expense
15.7.5 Recent strategies and developments:
15.7.5.1 Product Launches and Product Expansions:
15.7.6 SWOT Analysis
15.8 DXC Technology Company
15.8.1 Company Overview
15.8.2 Financial Analysis
15.8.3 Segmental and Regional Analysis
15.8.4 Recent strategies and developments:
15.8.4.1 Partnerships, Collaborations, and Agreements:
15.8.4.2 Product Launches and Product Expansions:
15.8.5 SWOT Analysis
15.9 Wipro Limited
15.9.1 Company Overview
15.9.2 Financial Analysis
15.9.3 Segmental and Regional Analysis
15.9.4 Research & Development Expenses
15.9.5 Recent strategies and developments:
15.9.5.1 Partnerships, Collaborations, and Agreements:
15.9.5.2 Product Launches and Product Expansions:
15.9.6 SWOT Analysis
15.10. Open Text Corporation
15.10.1 Company Overview
15.10.2 Financial Analysis
15.10.3 Regional Analysis
15.10.4 Research & Development Expenses
15.10.5 SWOT Analysis

TABLE 1 North America Mainframe Modernization Market, 2021 - 2024, USD Million
TABLE 2 North America Mainframe Modernization Market, 2025 - 2032, USD Million
TABLE 3 Key Customer Criteria Mainframe Modernization Market
TABLE 4 Partnerships, Collaborations and Agreements– Mainframe Modernization Market
TABLE 5 Product Launches And Product Expansions– Mainframe Modernization Market
TABLE 6 Acquisition and Mergers– Mainframe Modernization Market
TABLE 7 North America Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
TABLE 8 North America Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
TABLE 9 North America Large Enterprises Market by Region, 2021 - 2024, USD Million
TABLE 10 North America Large Enterprises Market by Region, 2025 - 2032, USD Million
TABLE 11 North America SMEs Market by Region, 2021 - 2024, USD Million
TABLE 12 North America SMEs Market by Region, 2025 - 2032, USD Million
TABLE 13 North America Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
TABLE 14 North America Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
TABLE 15 North America Services Market by Country, 2021 - 2024, USD Million
TABLE 16 North America Services Market by Country, 2025 - 2032, USD Million
TABLE 17 North America Software Market by Country, 2021 - 2024, USD Million
TABLE 18 North America Software Market by Country, 2025 - 2032, USD Million
TABLE 19 North America Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
TABLE 20 North America Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
TABLE 21 North America BFSI Market by Country, 2021 - 2024, USD Million
TABLE 22 North America BFSI Market by Country, 2025 - 2032, USD Million
TABLE 23 North America IT & ITeS Market by Country, 2021 - 2024, USD Million
TABLE 24 North America IT & ITeS Market by Country, 2025 - 2032, USD Million
TABLE 25 North America Healthcare Market by Country, 2021 - 2024, USD Million
TABLE 26 North America Healthcare Market by Country, 2025 - 2032, USD Million
TABLE 27 North America Retail Market by Country, 2021 - 2024, USD Million
TABLE 28 North America Retail Market by Country, 2025 - 2032, USD Million
TABLE 29 North America Manufacturing Market by Country, 2021 - 2024, USD Million
TABLE 30 North America Manufacturing Market by Country, 2025 - 2032, USD Million
TABLE 31 North America Media & Entertainment Market by Country, 2021 - 2024, USD Million
TABLE 32 North America Media & Entertainment Market by Country, 2025 - 2032, USD Million
TABLE 33 North America Education Market by Country, 2021 - 2024, USD Million
TABLE 34 North America Education Market by Country, 2025 - 2032, USD Million
TABLE 35 North America Other Vertical Market by Country, 2021 - 2024, USD Million
TABLE 36 North America Other Vertical Market by Country, 2025 - 2032, USD Million
TABLE 37 North America Mainframe Modernization Market by Country, 2021 - 2024, USD Million
TABLE 38 North America Mainframe Modernization Market by Country, 2025 - 2032, USD Million
TABLE 39 US Mainframe Modernization Market, 2021 - 2024, USD Million
TABLE 40 US Mainframe Modernization Market, 2025 - 2032, USD Million
TABLE 41 US Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
TABLE 42 US Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
TABLE 43 US Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
TABLE 44 US Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
TABLE 45 US Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
TABLE 46 US Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
TABLE 47 Canada Mainframe Modernization Market, 2021 - 2024, USD Million
TABLE 48 Canada Mainframe Modernization Market, 2025 - 2032, USD Million
TABLE 49 Canada Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
TABLE 50 Canada Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
TABLE 51 Canada Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
TABLE 52 Canada Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
TABLE 53 Canada Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
TABLE 54 Canada Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
TABLE 55 Mexico Mainframe Modernization Market, 2021 - 2024, USD Million
TABLE 56 Mexico Mainframe Modernization Market, 2025 - 2032, USD Million
TABLE 57 Mexico Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
TABLE 58 Mexico Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
TABLE 59 Mexico Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
TABLE 60 Mexico Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
TABLE 61 Mexico Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
TABLE 62 Mexico Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
TABLE 63 Rest of North America Mainframe Modernization Market, 2021 - 2024, USD Million
TABLE 64 Rest of North America Mainframe Modernization Market, 2025 - 2032, USD Million
TABLE 65 Rest of North America Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
TABLE 66 Rest of North America Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
TABLE 67 Rest of North America Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
TABLE 68 Rest of North America Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
TABLE 69 Rest of North America Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
TABLE 70 Rest of North America Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
TABLE 71 Key Information – IBM Corporation
TABLE 72 Key Information – Accenture PLC
TABLE 73 Key Information – HCL Technologies Ltd.
TABLE 74 Key Information – Amazon Web Services, Inc.
TABLE 75 Key Information – Tata Consultancy Services Ltd.
TABLE 76 Key Information – Capgemini SE
TABLE 77 Key Information – Infosys Limited
TABLE 78 key information – DXC Technology Company
TABLE 79 Key Information – Wipro Limited
TABLE 80 Key Information – Open Text Corporation

List of Figures
FIG 1 Methodology for the research
FIG 2 North America Mainframe Modernization Market, 2021 - 2032, USD Million
FIG 3 Key Factors Impacting North America Mainframe Modernization Market
FIG 4 Value Chain Analysis of Mainframe Modernization Market
FIG 5 Product Life Cycle – Mainframe Modernization Market
FIG 6 Market Consolidation – Mainframe Modernization Market
FIG 7 Key Customer Criteria Mainframe Modernization Market
FIG 8 KBV Cardinal Matrix
FIG 9 Market Share Analysis, 2024
FIG 10 Key Leading Strategies: Percentage Distribution (2021-2025)
FIG 11 Key Strategic Move: (Product Launches and Product Expansions : 2021, Nov – 2025, oct) Leading Players
FIG 12 Porter’s Five Forces Analysis – Mainframe Modernization Market
FIG 13 North America Mainframe Modernization Market share by Organization Size, 2024
FIG 14 North America Mainframe Modernization Market share by Organization Size, 2032
FIG 15 North America Mainframe Modernization Market by Organization Size, 2021 - 2032, USD Million
FIG 16 North America Mainframe Modernization Market share by Component Type, 2024
FIG 17 North America Mainframe Modernization Market share by Component Type, 2032
FIG 18 North America Mainframe Modernization Market by Component Type, 2021 - 2032, USD Million
FIG 19 North America Mainframe Modernization Market share by Vertical, 2024
FIG 20 North America Mainframe Modernization Market share by Vertical, 2032
FIG 21 North America Mainframe Modernization Market by Vertical, 2021 - 2032, USD Million
FIG 22 North America Mainframe Modernization Market share by Country, 2024
FIG 23 North America Mainframe Modernization Market share by Country, 2032
FIG 24 North America Mainframe Modernization Market by Country, 2021 - 2032, USD Million
FIG 25 Recent strategies and developments: IBM Corporation
FIG 26 SWOT Analysis: IBM Corporation
FIG 27 Recent strategies and developments: Accenture PLC
FIG 28 SWOT Analysis: Accenture PLC
FIG 29 Recent strategies and developments: HCL Technologies Ltd.
FIG 30 SWOT Analysis: HCL Technologies Ltd.
FIG 31 SWOT Analysis: Amazon Web Services, Inc.
FIG 32 SWOT Analysis: Tata Consultancy Services Ltd.
FIG 33 SWOT Analysis: Capgemini SE
FIG 34 SWOT Analysis: Infosys Limited
FIG 35 Recent strategies and developments: DXC Technology Company
FIG 36 SWOT Analysis: DXC Technology Company
FIG 37 Recent strategies and developments: Wipro Limited
FIG 38 SWOT Analysis: Wipro Limited
FIG 39 SWOT analysis: Open Text Corporation