The Asia Pacific Mainframe Market would witness market growth of 7.9% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Mainframe Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $347.1 million by 2031. The Japan market is registering a CAGR of 7.2% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.6% during (2024 - 2031).
The mainframe market, often perceived as a relic of the early computer age, remains a vital and dynamic segment of the modern IT landscape. Mainframes are essential in the support of the backbone of numerous industries, such as finance, healthcare, retail, and government, despite the rapid evolution of technology and the rapid proliferation of new computing paradigms.
Additionally, these powerful machines are celebrated for their unparalleled processing power, reliability, and security, ensuring their longevity and continued relevance in an era of digital transformation and technological innovation.
In order to facilitate their expanding industries, countries in the region are making substantial investments in the development of their IT infrastructure. Mainframes' robust data processing capabilities, security, and reliability make them essential for managing complex and high-volume data operations. As of the end of 2023 Q4, the total RMB and foreign currency assets of China’s banking institutions at home and abroad reached RMB 417.3 trillion, up 9.9% yearly. Among those, the assets of large commercial banks registered RMB 176.8 trillion, up by 13.1% year on year and account for 42.4% of the total.
Free Valuable Insights: The Global Mainframe Market is Predict to reach USD 4.5 Billion by 2031, at a CAGR of 7.1%
Based on Type, the market is segmented into Z Systems, GS Series, and Others. Based on End User, the market is segmented into BFSI, IT & Telecom, Manufacturing, Travel & Transportation, Retail & E-commerce, Government & Public Sector, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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