Global Mainframe Security Market Overview:
Mainframe security is a tool that mitigates the risk of data exposure, fulfills 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. Mainframe security has become a vital component in enterprises, organizations, healthcare systems, and the financial sector where a high level of data security is required. A mainframe security system is intended to process very huge amounts of data efficiently and quickly. The application of mainframe systems is majorly seen in industries like airline reservations, logistics, the financial sector, and other related fields where a large number of transactions need to be processed as part of routine business practices. With the rising threat of data piracy and financial frauds, demand for mainframe security systems is expected to remain high over the forecast period.
- Increasing Demand for Cloud-based Deployment for Cost Optimization
- Access to Specialized Resources and Skills
- Increasing Rate of Data Breach and Cyber Attacks
- Growing demand for centralized security systems
- High cost associated with the initial installation
- Enforcement of security policies in the banking, healthcare, and aerospace industry
- Later maintenance of mainframe security
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations.
Some of the key players profiled in the report are IBM Corporation (United States), McAfee (United States), TCS (India), BMC Software (United States), DXC Technology (United States), Xbridge (United States), CA Technologies (United States), NEC Corporation (Japan), Compuware Corporation (United States) and HCL (India). Analyst at AMA Research see United States Players to retain maximum share of Global Mainframe Security market by 2026. Considering Market by Industry, the sub-segment i.e. Banking, Financial Services & Insurance will boost the Mainframe Security market. Considering Market by Enterprise, the sub-segment i.e. Small & Medium Enterprise will boost the Mainframe Security market. Considering Market by Service, the sub-segment i.e. Professional Service will boost the Mainframe Security market.
Latest Market Insights:
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.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Mainframe Security market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Mainframe Security market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory, Enterprise Users, Commercial Users and Industrial Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.