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. 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. Get Sample Copy: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=79155 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. Grab an exclusive PDF Brochure of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=79155 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. Request For Customization: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=79155 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 o
U.S.
o
Canada
o
Mexico
o
Rest of North America
Europe o
Germany
o
U.K.
o
France
o
Russia
o
Italy
o
Spain
o
Nordics
o
Rest of Europe
Asia Pacific o
China
o
India
o
Japan
o
Australia
o
Singapore
o
Malaysia
o
South Korea
o
Rest of Asia Pacific
Middle East & Africa o
UAE
o
Saudi Arabia
o
South Africa
o
Rest of Middle East & Africa
South America o
Brazil
o
Rest of South America
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
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