According to a new report, published by KBV research, The Global Mainframe Market size is expected to reach $4.5 billion by 2031, rising at a market growth of 7.1% CAGR during the forecast period.
The Z Systems segment is leading the Global Mainframe Market by Type in 2023, thereby, achieving a market value of $2.7 billion by 2031. IBM's Z systems are renowned for their exceptional performance, reliability, and security, making them the preferred choice for large enterprises across various industries. These systems are designed to handle high-volume transaction processing, advanced analytics, and critical applications with unparalleled efficiency. The latest iteration, the IBM z15, exemplifies these capabilities, offering enhanced features such as pervasive encryption, real-time insights, and cloud-native development tools.
The IT & Telecom segment is anticipating a CAGR of 6.9% during (2024 - 2031). This dominance is attributed to the sector’s extensive reliance on robust data processing and management solutions to support vast data traffic and ensure uninterrupted services. Mainframes in this segment are crucial for handling billing systems, customer databases, network management, and real-time analytics. Telecom giants, managing millions of users and extensive data networks, rely on mainframe systems to maintain high availability, scalability, and security, essential for their operations.
Full Report: https://www.kbvresearch.com/mainframe-market/
The North America region dominated the Global Mainframe Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.6 billion by 2031. The Europe region is exhibiting a CAGR of 6.8% during (2024 - 2031). Additionally, The Asia Pacific region would showcase a CAGR of 7.9% during (2024 - 2031).
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