The Global Mainframe Security Market is estimated to exhibit a CAGR of 8.50% during the forecast period of 2021-2028. Therefore, the market size is projected to value at USD 26,681.23 million by 2028. Growing adoption of advanced technologies for data security is an essential factor driving the mainframe security market.
However, high cost involved in the installation of mainframes and lack of skilled professionals for operating mainframes are the major factors among others limiting the market growth, and will further challenge the mainframe security market.
According to Data Bridge Market Research, the mainframe security market will exhibit a significant rise in its market value. Rise in Internet of Things (IoT) is a crucial factor accelerating the market growth, also increase in the demand of high performance computing system, rising importance for customer data and financial security in banking sectors, growing number of customers around the world, growing importance of mainframe securities in the logistic sector, growing demand for centralized security systems and increase in pressure on different businesses to manage a greater volume, are the major factors among others boosting the mainframe security market. Moreover, increasing enforcement of security policies in the banking, healthcare, and aerospace industry, rising technological advancements and modernization in the security systems, rising research and development activities in the market and rising demand from the emerging activities will further create new opportunities for mainframe security market
Currently, North America dominates the global mainframe security market in terms of market share and market revenue owing to the increase in the demand of high performance computing system, rising importance for customer data and financial security in banking sectors and rising heavy demand of mainframe solutions in numerous industry verticals such as insurance, banking and federal agencies in this region.
Now the question is which are the other regions that the global mainframe security market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific owing to the increase in IT spending among government and financial organizations in the emerging economies such as China, Japan, India, Singapore, and South Korea in this region.
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The global mainframe security market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in Mainframe Security Market report
Above are the key players covered in the report, to know about more and exhaustive list of mainframe security market companies contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-mainframe-security-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Mainframe Security Market – Industry Trends and Forecast to 2028