The North America Mainframe Market would witness market growth of 6.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Mainframe Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,169.3 million by 2031. The Canada market is experiencing a CAGR of 8.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.8% during (2024 - 2031).
The ongoing digital transformation trend has further solidified the role of mainframes. As organizations strive to modernize their IT infrastructures, many find that integrating and enhancing their mainframe systems is a key component of their digital strategy. Mainframes are being modernized to work seamlessly with cloud environments, big data analytics, and other contemporary technologies.
Moreover, businesses can capitalize on the advantages of mainframes and leverage the scalability and adaptability of newer computing paradigms through this integration. The proliferation of IoT devices and big data initiatives drives the demand for mainframes.
The region's advanced technological infrastructure, robust regulatory frameworks, and significant investments in digital transformation contribute to the expanding mainframe market. In the United States, the growth of the mainframe market is primarily fueled by the BFSI sector. In the United States, mobile banking has experienced a significant increase in popularity as a principal method of account access, surpassing online banking as the most prevalent method (from 9.5 percent in 2015 to 34.0 percent in 2019), as reported by the Federal Deposit Insurance Corporation (FDIC). This highlights mainframes' immense data processing needs.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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