Global Mainframe Market is estimated to grow with a CAGR of 4.50% during the forecast period
Global Mainframe Market size was valued at USD 2364.01 million in 2020 and is expected to grow to USD 3647.84 in 2030 at a compound annual growth rate (CAGR) of 4.5%. Enormous enterprises utilise mainframes for mission-critical applications that demand large amounts of data processing. These systems are noted for having a lot of storage and processing power, as well as being extremely reliable and secure. The increased strain on businesses to manage a bigger volume and variety of transactions as a result of the continuous trend of digitization and mobility are the main drivers driving the mainframe market growth. The mainframe hardware and software solutions are suitable for increasing the number of transactions and data sets since they have the ability to allow a large number of users and applications to access the same data at the same time. The report "Global Mainframe Market, By Type (Z systems, GS Series, and Others) and Industry Vertical (BFSI, IT & Telecom, Government &