Mainframe computers have been wonderful, protecting 95% of the transactions worldwide for 40 years. But market changes do evolve. IBM has mainframe customers that each have to face and initiate a response to mainframe IT difficulties exacerbated by Covid. Covid has brought serious fissures to mainframe transaction processing and middleware messaging systems. While the mainframe has been running out its useful life as a server, cloud computing from AWS and others have emerged with higher levels of reliability than that provided by the traditional 5 9’s of reliability on the mainframe.
IBM with its Red Hat acquisition has positioned to lead the mainframe migration revolution, but serious obstacles confront IBM and others seek to achieve a competitive advantage. New cloud robotic software systems, AI, 5G, and IoT are among capabilities adopted by the banking and insurance industries that create demand for invigorated IT transaction processing responsibilities
While the mainframe has been able to function as a premier transaction processing engine, the changing IT requirements outlined above bring new urgency to mainframe migration for every banking and insurance mainframe customer. The rise of cloud-native serverless and function-as-a-service deployment options brings urgency to upgrading and replacing the mainframe, implementing mainframe migration. The market research study provides insight into market driving forces, assessment of market opportunities, market share analysis, and market forecasts.