Mainframe Modernization Services Market
According to our latest study on “Mainframe Modernization Services Market Size and Forecasts (2021 – 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Services, Enterprise Size, and End Use Industry,” the mainframe modernization services market size was valued at US$ US$ 33.55 billion in 2023 and is expected to reach US$ 86.14 billion by 2031; it is estimated to record a CAGR of 12.5% from 2023 to 2031.
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Key Findings of Mainframe modernization services market Study:
The mainframe modernization services market is segmented into services, enterprise size, and end use industry. Based on services, the mainframe modernization services market is segmented into application modernization, cloud migration, and data modernization. By enterprise size, the market is bifurcated into SMEs and large enterprises. The mainframe modernization services market, by end-use industry, is segmented into IT and telecom, BFSI, retail, healthcare, government, media and entertainment, manufacturing, education, and others.
Increasing healthcare-related frauds across developed countries have also created a massive demand for mainframe modernization services. According to the United States Department of Justice, healthcare-related fraud in the US costs range from US$ 68 billion to US$ 230 billion annually. These frauds are related to patients’ sensitive data leakage, insurance details, and health-related information. Such sensitive data storage requires advanced data modernization techniques. Therefore, mainframe modernization services have gained traction in recent years across the healthcare industry to offer data security and data storage capabilities.
Mainframe Modernization Services Market: Competitive Landscape and Key Developments
1. Tata Consultancy Services Limited
2. Capgemini
3. Cognizant
4. Amazon Web Services, Inc.
5. Infosys Limited
6. Fujitsu
7. HCL Technologies Limited
8. Wipro Digital
9. IBM
10. Ensono
Atos SE; Hexaware Technologies Limited; Microsoft; DXC Technology Company; EPAM Systems, Inc.; Innova Solutions; Oracle; Mphasis; and Software AG are among the leading players profiled in the mainframe modernization services market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The mainframe modernization services market report provides detailed market insights, which can help the key players strategize their market growth. As per the company press releases, below are a few recent key developments:
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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