Mainframe Security Market Size, Share, Industry Analysis, Growth, Forecasts, 2032

Mainframe Security Market Insights

According to the report published by Zion Market Research, the global Mainframe Security Market size was valued at USD 88.57 Million in 2023 and is predicted to reach USD 196.04 Million by the end of 2032. The market is expected to grow with a CAGR of 9.23% during the forecast period. The report analyzes the global Mainframe Security Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Mainframe Security industry.

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Global Mainframe Security Market: Overview

Mainframe security has become a vital component in enterprises, organizations, healthcare systems, and the financial sector where a high level of data security is required. A mainframe security system is intended to process very huge amounts of data efficiently and quickly. The application of mainframe systems is majorly seen in industries like airline reservations, logistics, the financial sector, and other related fields where a large number of transactions need to be processed as part of routine business practices. With the rising threat of data piracy and financial frauds, demand for mainframe security systems is expected to remain high over the forecast period.

Global Mainframe Security Market: Growth Factors

The global mainframe security market is expected to grow at a healthy rate over the forecast period. Factors such as growing importance for customer data and financial security in banking sectors, the growing importance of mainframe securities in the logistic sector, the growing number of customers around the world, and growing demand for centralized security systems are contributing to the growth of global mainframe security market. The banking sector is one of the major users of the mainframe securities as the mainframe simultaneously maintains the bank's records and crunch numbers.

Additionally, they support cloud as well as transactions done from mobile phones, perform real-time analytics, and keep eye on signs of fraud. These factors are fueling the demand for mainframe security for the banking sector. On the other hand, the high cost associated with the initial installation and later maintenance may hamper the growth of the market over the forecast period. However, enforcement of security policies in the banking, healthcare, and aerospace industry is expected to provide better opportunities for the growth of the global mainframe security market.

It is expected that the current COVID-19 pandemic situation will have a short-term impact on the global mainframe security market. The economic slowdown owing to the strict lockdown and shutdown of enterprises around the world has resulted in fewer investments in new technology, as companies are focusing on lowering the financial burden and not easily getting convinced for additional investments. However, the economic situation is expected to get back on its track by the start of 2021 which will boost the demand for mainframe security over the future period.

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Global Mainframe Security Market: Segmentation

The global mainframe security market is bifurcated based on enterprise size, industry, and region.

Based on the enterprise size, the global market is bifurcated into small & medium enterprises and large enterprises.

Furthermore, based on industry segment, the global market is split into banking, financial services & insurance, manufacturing, telecom & information technology (IT), wholesale distribution, food and beverage, construction, non-profit organizations, chemicals, retail, and others.

Mainframe Security Market: Report Scope

Global Mainframe Security Market: Regional Analysis

North America is expected to hold a major share of the global mainframe security market during the forecast period. Major factors expected to contribute to the high share of the market include large financial organizations, growing adoption of advanced technologies for data security, and rising investments by the government for data privacy & security.

On the other side, the Asia Pacific region is expected to grow at a significant rate over the forecast period. Factors such as rising need for financial security by the banking sector, the presence of rapidly growing economies such as India & China, growing demand for data security by private organizations in this region are expected to fuel the growth of the mainframe security market in this region.

Global Mainframe Security Market: Competitive Players

The global mainframe security market is dominated by players like:

• McAfee
• BMC Software
• Xbridge
• IBM Corporation
• TCS
• DXC Technology
• CA Technologies
• NEC Corporation
• Compuware Corporation
• HCL
• And Others

The global mainframe security market is segmented as follows:

By Enterprise Size

• Small & Medium Enterprises
• Large Enterprises

By Industry

• Banking
• Financial Services & Insurance
• Manufacturing
• Telecom & Information Technology (IT)
• Wholesale Distribution
• Food And Beverage
• Construction
• Non-Profit Organizations
• Chemicals
• Retail
• And Others

Global Mainframe Security Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.