Global Mainframe Security Market: Introduction

Mainframe security is a tool which mitigates the risk of data exposure, fulfils regulatory compliance, and maintains unified enterprise security. Mainframe security is designed to work together across the security lifecycle from access control to data security to audit.

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Global Mainframe Security Market – Dynamics

Increasing Demand for Cloud-based Deployment for Cost Optimization

The increasing use of cloud services is expected to bring down costs for hardware and software products, which could reduce the overall market price, but more likely, heavier adoption will bring in more customers, thus being a potential positive for market revenue growth. 

Access to Specialized Resources and Skills

One of the major driving factors of mainframe security is it empowers a company to gain specialized expertise in its non-major business segments. This enables the company to gain access to more opportunities through specialization and also helps it to focus on primary objectives as well as prioritize work more efficiently. The cost benefits as well as flexibility from cloud deployment is increasing the penetration rate among SMEs, which results in driving the mainframe security market.

Increasing Rate of Data Breach and Cyber Attacks

The number of data breaches across the globe is increasing. The cost of recovering the data to compensate the loss due to data breach is very high. For instance, a recent ServiceNow survey (conducted by Ponemon) states that:

  • Of the 3,000 companies surveyed, almost half admitted that their organization suffered a data breach in the last two years.
  • Of those who suffered data breach, 34% knew they were vulnerable but did nothing

The rising data breach occurrences is driving the growth of the mainframe security market.

Lack of Data Privacy

The main impediments for adoption of cloud includes:

  • Lack of transparency
  • No real-time visibility into vulnerabilities

Lack of knowledge and training related to an organization’s cloud services is also a challenge, specifically in Middle East & Africa, Asia Pacific, and South America, which is impacting the growth of the mainframe security market

North America to Dominate the Global Mainframe Security Market

In terms of region, the global mainframe security market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the mainframe security market during the forecast period due to strong adoption rate of outsourcing or rental models by business enterprises.

COVID-19 Impact on the Global Mainframe Security Market

The COVID-19 pandemic is expected to moderately impact the global mainframe security market for a short-term period. The economic depression due to lockdown and shut down of enterprises across the globe has led to low investment in new technology as this increases the additional fixed cost of companies. Companies in this this time period are highly skeptical of investment.

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Global Mainframe Security Market – Competition Landscape

  • In July 2020, BMC Software, Inc. and Key Resources Inc. signed a partnership to license and co-sell mainframe security solutions. The partnership will make Key Resources a preferred vendor for BMC for mainframe security and vulnerability management. This will empower BMC software Inc. to expand its geographical reach.

IBM Corporation

Incorporated in 1911, IBM manufactures and sells computer hardware and software and offers infrastructure services, hosting services, and consulting services in areas ranging from mainframe computers to nanotechnology. The company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems, and Global Financing.

Global Mainframe Security Market: Segmentation

The global mainframe security market can be segmented based on:

  • Enterprise Size
  • Industry
  • Region

Global Mainframe Security Market, by Enterprise Size

Based on enterprise size, the global mainframe security market can be divided into:

  • Small & Medium Enterprise
  • Large Enterprise

Global Mainframe Security Market, by Industry

In terms of industry, the global mainframe security market can be segregated into:

  • Banking, Financial Services & Insurance
  • Telecom & Information Technology (IT)
  • Manufacturing
  • Construction
  • Wholesale Distribution
  • Non-profit Organizations
  • Chemicals
  • Food and Beverage
  • Retail
  • Others (Hospitality, Government, and Public Sector, etc.)

Regional analysis of the global mainframe security market includes:

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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