The mainframe monitoring tools global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Mainframe Monitoring Tools Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The mainframe monitoring tools market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to technological advancements, increased complexity of mainframe environments, growth in demand for performance optimization, rise in security concerns, and regulatory compliance requirements.
The mainframe monitoring tools market size is expected to see strong growth in the next few years. It will grow to $1.93 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the adoption of hybrid cloud strategies, focus on cost optimization, the emergence of AI and machine learning capabilities, demand for real-time analytics, and emphasis on DevOps and agile methodologies. Major trends in the forecast period include enhanced automation and orchestration, integration with AIOps platforms, expansion of predictive analytics capabilities, emphasis on user experience monitoring, and increased focus on cloud-native monitoring solutions.
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Scope Of Mainframe Monitoring Tools Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Mainframe Monitoring Tools Market Overview
Market Drivers -An increase in the IoT (Internet of Things) landscape is expected to propel the growth of the mainframe monitoring tools market going forward. The IoT landscape encompasses the interconnected network of devices, sensors, software, and platforms that enable the exchange of data and communication between physical objects and the digital world. The IoT landscape is rising due to the increasing demand for connected devices, data-driven insights, and automation across industries, driving efficiency, productivity, and innovation. The IoT landscape enhances mainframe monitoring tools by enabling real-time data collection, analysis, and predictive maintenance, ensuring optimal performance and reliability of critical mainframe systems. For instance, in September 2023, according to a report published by Ericsson, a Sweden-based telecommunications company, global IoT connections reached 15.7 billion in 2023 and are forecast to grow to 38.9 billion by 2029. Therefore, an increase in the IoT (Internet of Things) landscape is driving the growth of the mainframe monitoring tools market.
Market Trends – Major companies operating in the mainframe monitoring tools market are developing advanced solutions, such as cloud-based solutions leveraging AI and ML algorithms, to analyze vast amounts of operational data generated by mainframe systems in real time. Cloud-based mainframe operation solutions can identify patterns, trends, and anomalies, enabling proactive problem detection and resolution. For instance, in June 2023, BMC Software Inc., a US-based information technology (IT) services provider, launched BMC Automated Mainframe Intelligence (AMI) Cloud, a new range of products to assist clients in rethinking mainframe data management in the context of hybrid IT, including public and private clouds. The BMC AMI Cloud portfolio enables companies to use hybrid cloud technologies for large-scale, business-critical transactions while getting the benefits of cloud computing. Organizations that open their mission-critical data get more business insight, allowing them to make better decisions with greater security, flexibility, scalability, and efficiency.
The mainframe monitoring tools market covered in this report is segmented –
1) By Offering: Hardware, Services, Software
2) By Application: Transaction, Enterprise Resource Planning (ERP), Census Industry, Consumer Statics
3) By Organization Size: Large Enterprises, Small And Medium-Sized Enterprises
4) By End Use: Banking Financial Services And Insurance, Information Technology (IT) And Telecom, Healthcare, Government And Public Sector, Retail, Travel And Transportation, Manufacturing, Other End Uses
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Regional Insights – North America was the largest region in the mainframe monitoring tools market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mainframe monitoring tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the mainframe monitoring tools market are International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., Fujitsu Limited, Hewlett Packard Enterprise Company, Amazon Web Services, Micro Focus International plc, Splunk Inc., Hitachi Vantara LLC, BMC Software Inc., Dynatrace LLC, TIBCO Software Inc., Quest Software Inc., Fortra LLC, Ensono LP, Precisely Holdings LLC, Rocket Software Inc., Mainline Information Systems Inc., UNICOM Government Inc., Luminex Software Inc., Blu Age Corporation, LzLabs GmbH, CPT Global Limited, IntelliMagic B.V., GT Software LLC, DataKinetics Corporation
Table of Contents
- Executive Summary
- Mainframe Monitoring Tools Market Characteristics
- Mainframe Monitoring Tools Market Trends And Strategies
- Mainframe Monitoring Tools Market – Macro Economic Scenario
- Global Mainframe Monitoring Tools Market Size and Growth
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- Key Mergers And Acquisitions In The Mainframe Monitoring Tools Market
- Mainframe Monitoring Tools Market Future Outlook and Potential Analysis
- Appendix
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