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.
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.
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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
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.)
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