PUBLISHER: KBV Research | PRODUCT CODE: 1871362
PUBLISHER: KBV Research | PRODUCT CODE: 1871362
North America Mainframe Modernization Market Size, Share & Industry Analysis Report By Organization Size, By Component Type, By Vertical, By Country and Growth Forecast, 2025 - 2032
The North America Mainframe Modernization Market would witness market growth of 9.2% CAGR during the forecast period (2025-2032).
The US market dominated the North America Mainframe Modernization Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $3,396.1 million by 2032. The Canada market is experiencing a CAGR of 11% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 10.4% during (2025 - 2032). The US and Canada led the North America Mainframe Modernization Market by Country with a market share of 69.2% and 15.4% in 2024.
As companies in banking, insurance, government, and healthcare try to modernize legacy systems that are decades old to meet the needs of the digital age, the North American mainframe modernization market is going through a big change. Modernization has changed from small upgrades to full-scale changes by refactoring, re-architecting, and moving workloads to hybrid or cloud environments. Companies are using hybrid cloud strategies, automation, and AI-driven tools like IBM's Watsonx Code Assistant and AWS Mainframe Modernization services to speed up modernization while lowering operational risks and reliance on outdated skills. This is because they need to be flexible, scalable, and cost-effective.
IBM's hybrid-cloud ecosystem is the most powerful in the market, but cloud hyperscalers like AWS and Microsoft are becoming more important, and consulting firms like Deloitte, Accenture, and Infosys are also very involved. Key strategies include using AI to automate tasks, forming strategic partnerships, and modernizing in stages to focus on workloads that will have the biggest impact for the best return on investment. The North American mainframe modernization market is moving away from maintenance-driven operations and toward infrastructure that is ready for the future and led by innovation. This is happening as government programs like the Technology Modernization Fund (TMF) and digital transformation across industries speed up.
Organization Size Outlook
Based on Organization Size, the market is segmented into Large Enterprises and SMEs. With a compound annual growth rate (CAGR) of 8.2% over the projection period, the Large Enterprises Market, dominate the US Mainframe Modernization Market by Organization Size in 2024 and would be a prominent market until 2032. The SMEs market is expected to witness a CAGR of 8.8% during (2025 - 2032).
Component Type Outlook
Based on Component Type, the market is segmented into Services and Software. The Services market segment dominated the Canada Mainframe Modernization Market by Component Type is expected to grow at a CAGR of 10.7 % during the forecast period thereby continuing its dominance until 2032. Also, The Software market is anticipated to grow as a CAGR of 11.4 % during the forecast period during (2025 - 2032).
Country Outlook
The U.S. mainframe modernization market is driven by the need to change old systems that are used for important operations in banking, insurance, government, healthcare, and retail into flexible, cloud-based systems. Some of the most important factors are the large number of mainframes already in use, rising operating costs, a workforce that is retiring with mainframe-specific skills, and growing demands for agility, analytics, and compliance with regulations. Companies are moving away from "rip and replace" methods and toward hybrid strategies that combine mainframes with cloud environments, update interfaces, reorganize workloads, and use DevOps and AI-driven automation. Services like mainframe-as-a-service are becoming more popular because they help businesses save money on staff and equipment. There is a lot of competition, with global IT services companies, cloud hyperscalers, and specialized vendors all offering end-to-end modernization solutions that take compliance, scalability, and minimal disruption into account.
List of Key Companies Profiled
- IBM Corporation
- Accenture PLC
- HCL Technologies Ltd. (HCL Enterprises)
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Tata Consultancy Services Ltd.
- Capgemini SE
- Infosys Limited
- DXC Technology Company
- Wipro Limited
- Open Text Corporation
North America Mainframe Modernization Market Report Segmentation
By Organization Size
- Large Enterprises
- SMEs
By Component Type
- Services
- Software
By Vertical
- BFSI
- IT & ITeS
- Healthcare
- Retail
- Manufacturing
- Media & Entertainment
- Education
- Other Vertical
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Mainframe Modernization Market, Organization Size
- 1.4.2 North America Mainframe Modernization Market, by Component Type
- 1.4.3 North America Mainframe Modernization Market, by Vertical
- 1.4.4 North America Mainframe Modernization Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Market Trends - North America Mainframe Modernization Market
Chapter 5. State of Competition - North America Mainframe Modernization Market
Chapter 6. Value Chain Analysis of Mainframe Modernization Market
Chapter 7. Product Life Cycle - Mainframe Modernization Market
Chapter 8. Market Consolidation - Mainframe Modernization Market
Chapter 9. Key Customer Criteria - Mainframe Modernization Market
Chapter 10. Competition Analysis - Global
- 10.1 KBV Cardinal Matrix
- 10.2 Recent Industry Wide Strategic Developments
- 10.2.1 Partnerships, Collaborations and Agreements
- 10.2.2 Product Launches and Product Expansions
- 10.2.3 Acquisition and Mergers
- 10.3 Market Share Analysis, 2024
- 10.4 Top Winning Strategies
- 10.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
- 10.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2021, Nov - 2025, Oct) Leading Players
- 10.5 Porter Five Forces Analysis
Chapter 11. North America Mainframe Modernization Market by Organization Size
- 11.1 North America Large Enterprises Market by Region
- 11.2 North America SMEs Market by Region
Chapter 12. North America Mainframe Modernization Market by Component Type
- 12.1 North America Services Market by Country
- 12.2 North America Software Market by Country
Chapter 13. North America Mainframe Modernization Market by Vertical
- 13.1 North America BFSI Market by Country
- 13.2 North America IT & ITeS Market by Country
- 13.3 North America Healthcare Market by Country
- 13.4 North America Retail Market by Country
- 13.5 North America Manufacturing Market by Country
- 13.6 North America Media & Entertainment Market by Country
- 13.7 North America Education Market by Country
- 13.8 North America Other Vertical Market by Country
Chapter 14. North America Mainframe Modernization Market by Country
- 14.1 US Mainframe Modernization Market
- 14.1.1 US Mainframe Modernization Market by Organization Size
- 14.1.2 US Mainframe Modernization Market by Component Type
- 14.1.3 US Mainframe Modernization Market by Vertical
- 14.2 Canada Mainframe Modernization Market
- 14.2.1 Canada Mainframe Modernization Market by Organization Size
- 14.2.2 Canada Mainframe Modernization Market by Component Type
- 14.2.3 Canada Mainframe Modernization Market by Vertical
- 14.3 Mexico Mainframe Modernization Market
- 14.3.1 Mexico Mainframe Modernization Market by Organization Size
- 14.3.2 Mexico Mainframe Modernization Market by Component Type
- 14.3.3 Mexico Mainframe Modernization Market by Vertical
- 14.4 Rest of North America Mainframe Modernization Market
- 14.4.1 Rest of North America Mainframe Modernization Market by Organization Size
- 14.4.2 Rest of North America Mainframe Modernization Market by Component Type
- 14.4.3 Rest of North America Mainframe Modernization Market by Vertical
Chapter 15. Company Profiles
- 15.1 IBM Corporation
- 15.1.1 Company Overview
- 15.1.2 Financial Analysis
- 15.1.3 Regional & Segmental Analysis
- 15.1.4 Research & Development Expenses
- 15.1.5 Recent strategies and developments:
- 15.1.5.1 Partnerships, Collaborations, and Agreements:
- 15.1.5.2 Product Launches and Product Expansions:
- 15.1.5.3 Acquisition and Mergers:
- 15.1.6 SWOT Analysis
- 15.2 Accenture PLC
- 15.2.1 Company Overview
- 15.2.2 Financial Analysis
- 15.2.3 Segmental Analysis
- 15.2.4 Recent strategies and developments:
- 15.2.4.1 Partnerships, Collaborations, and Agreements:
- 15.2.4.2 Acquisition and Mergers:
- 15.2.5 SWOT Analysis
- 15.3 HCL Technologies Ltd. (HCL Enterprises)
- 15.3.1 Company Overview
- 15.3.2 Financial Analysis
- 15.3.3 Segmental and Regional Analysis
- 15.3.4 Research & Development Expenses
- 15.3.5 Recent strategies and developments:
- 15.3.5.1 Partnerships, Collaborations, and Agreements:
- 15.3.5.2 Product Launches and Product Expansions:
- 15.3.6 SWOT Analysis
- 15.4 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 15.4.1 Company Overview
- 15.4.2 Financial Analysis
- 15.4.3 Segmental and Regional Analysis
- 15.4.4 Recent strategies and developments:
- 15.4.4.1 Product Launches and Product Expansions:
- 15.4.5 SWOT Analysis
- 15.5.1 Company Overview
- 15.5.2 Financial Analysis
- 15.5.3 Segmental and Regional Analysis
- 15.5.4 Research & Development Expenses
- 15.5.5 Recent strategies and developments:
- 15.5.5.1 Product Launches and Product Expansions:
- 15.5.6 SWOT Analysis
- 15.6 Capgemini SE
- 15.6.1 Company Overview
- 15.6.2 Financial Analysis
- 15.6.3 Regional Analysis
- 15.6.4 Recent strategies and developments:
- 15.6.4.1 Partnerships, Collaborations, and Agreements:
- 15.6.5 SWOT Analysis
- 15.7 Infosys Limited
- 15.7.1 Company Overview
- 15.7.2 Financial Analysis
- 15.7.3 Segmental and Regional Analysis
- 15.7.4 Research & Development Expense
- 15.7.5 Recent strategies and developments:
- 15.7.5.1 Product Launches and Product Expansions:
- 15.7.6 SWOT Analysis
- 15.8 DXC Technology Company
- 15.8.1 Company Overview
- 15.8.2 Financial Analysis
- 15.8.3 Segmental and Regional Analysis
- 15.8.4 Recent strategies and developments:
- 15.8.4.1 Partnerships, Collaborations, and Agreements:
- 15.8.4.2 Product Launches and Product Expansions:
- 15.8.5 SWOT Analysis
- 15.9 Wipro Limited
- 15.9.1 Company Overview
- 15.9.2 Financial Analysis
- 15.9.3 Segmental and Regional Analysis
- 15.9.4 Research & Development Expenses
- 15.9.5 Recent strategies and developments:
- 15.9.5.1 Partnerships, Collaborations, and Agreements:
- 15.9.5.2 Product Launches and Product Expansions:
- 15.9.6 SWOT Analysis
- 15.10. Open Text Corporation
- 15.10.1 Company Overview
- 15.10.2 Financial Analysis
- 15.10.3 Regional Analysis
- 15.10.4 Research & Development Expenses
- 15.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Mainframe Modernization Market, 2021 - 2024, USD Million
- TABLE 2 North America Mainframe Modernization Market, 2025 - 2032, USD Million
- TABLE 3 Key Customer Criteria Mainframe Modernization Market
- TABLE 4 Partnerships, Collaborations and Agreements- Mainframe Modernization Market
- TABLE 5 Product Launches And Product Expansions- Mainframe Modernization Market
- TABLE 6 Acquisition and Mergers- Mainframe Modernization Market
- TABLE 7 North America Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
- TABLE 8 North America Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
- TABLE 9 North America Large Enterprises Market by Region, 2021 - 2024, USD Million
- TABLE 10 North America Large Enterprises Market by Region, 2025 - 2032, USD Million
- TABLE 11 North America SMEs Market by Region, 2021 - 2024, USD Million
- TABLE 12 North America SMEs Market by Region, 2025 - 2032, USD Million
- TABLE 13 North America Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
- TABLE 14 North America Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
- TABLE 15 North America Services Market by Country, 2021 - 2024, USD Million
- TABLE 16 North America Services Market by Country, 2025 - 2032, USD Million
- TABLE 17 North America Software Market by Country, 2021 - 2024, USD Million
- TABLE 18 North America Software Market by Country, 2025 - 2032, USD Million
- TABLE 19 North America Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
- TABLE 20 North America Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
- TABLE 21 North America BFSI Market by Country, 2021 - 2024, USD Million
- TABLE 22 North America BFSI Market by Country, 2025 - 2032, USD Million
- TABLE 23 North America IT & ITeS Market by Country, 2021 - 2024, USD Million
- TABLE 24 North America IT & ITeS Market by Country, 2025 - 2032, USD Million
- TABLE 25 North America Healthcare Market by Country, 2021 - 2024, USD Million
- TABLE 26 North America Healthcare Market by Country, 2025 - 2032, USD Million
- TABLE 27 North America Retail Market by Country, 2021 - 2024, USD Million
- TABLE 28 North America Retail Market by Country, 2025 - 2032, USD Million
- TABLE 29 North America Manufacturing Market by Country, 2021 - 2024, USD Million
- TABLE 30 North America Manufacturing Market by Country, 2025 - 2032, USD Million
- TABLE 31 North America Media & Entertainment Market by Country, 2021 - 2024, USD Million
- TABLE 32 North America Media & Entertainment Market by Country, 2025 - 2032, USD Million
- TABLE 33 North America Education Market by Country, 2021 - 2024, USD Million
- TABLE 34 North America Education Market by Country, 2025 - 2032, USD Million
- TABLE 35 North America Other Vertical Market by Country, 2021 - 2024, USD Million
- TABLE 36 North America Other Vertical Market by Country, 2025 - 2032, USD Million
- TABLE 37 North America Mainframe Modernization Market by Country, 2021 - 2024, USD Million
- TABLE 38 North America Mainframe Modernization Market by Country, 2025 - 2032, USD Million
- TABLE 39 US Mainframe Modernization Market, 2021 - 2024, USD Million
- TABLE 40 US Mainframe Modernization Market, 2025 - 2032, USD Million
- TABLE 41 US Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
- TABLE 42 US Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
- TABLE 43 US Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
- TABLE 44 US Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
- TABLE 45 US Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
- TABLE 46 US Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
- TABLE 47 Canada Mainframe Modernization Market, 2021 - 2024, USD Million
- TABLE 48 Canada Mainframe Modernization Market, 2025 - 2032, USD Million
- TABLE 49 Canada Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
- TABLE 50 Canada Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
- TABLE 51 Canada Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
- TABLE 52 Canada Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
- TABLE 53 Canada Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
- TABLE 54 Canada Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
- TABLE 55 Mexico Mainframe Modernization Market, 2021 - 2024, USD Million
- TABLE 56 Mexico Mainframe Modernization Market, 2025 - 2032, USD Million
- TABLE 57 Mexico Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
- TABLE 58 Mexico Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
- TABLE 59 Mexico Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
- TABLE 60 Mexico Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
- TABLE 61 Mexico Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
- TABLE 62 Mexico Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
- TABLE 63 Rest of North America Mainframe Modernization Market, 2021 - 2024, USD Million
- TABLE 64 Rest of North America Mainframe Modernization Market, 2025 - 2032, USD Million
- TABLE 65 Rest of North America Mainframe Modernization Market by Organization Size, 2021 - 2024, USD Million
- TABLE 66 Rest of North America Mainframe Modernization Market by Organization Size, 2025 - 2032, USD Million
- TABLE 67 Rest of North America Mainframe Modernization Market by Component Type, 2021 - 2024, USD Million
- TABLE 68 Rest of North America Mainframe Modernization Market by Component Type, 2025 - 2032, USD Million
- TABLE 69 Rest of North America Mainframe Modernization Market by Vertical, 2021 - 2024, USD Million
- TABLE 70 Rest of North America Mainframe Modernization Market by Vertical, 2025 - 2032, USD Million
- TABLE 71 Key Information - IBM Corporation
- TABLE 72 Key Information - Accenture PLC
- TABLE 73 Key Information - HCL Technologies Ltd.
- TABLE 74 Key Information - Amazon Web Services, Inc.
- TABLE 75 Key Information - Tata Consultancy Services Ltd.
- TABLE 76 Key Information - Capgemini SE
- TABLE 77 Key Information - Infosys Limited
- TABLE 78 key information - DXC Technology Company
- TABLE 79 Key Information - Wipro Limited
- TABLE 80 Key Information - Open Text Corporation
LIST OF FIGURES
- FIG 1 Methodology for the research
- FIG 2 North America Mainframe Modernization Market, 2021 - 2032, USD Million
- FIG 3 Key Factors Impacting North America Mainframe Modernization Market
- FIG 4 Value Chain Analysis of Mainframe Modernization Market
- FIG 5 Product Life Cycle - Mainframe Modernization Market
- FIG 6 Market Consolidation - Mainframe Modernization Market
- FIG 7 Key Customer Criteria Mainframe Modernization Market
- FIG 8 KBV Cardinal Matrix
- FIG 9 Market Share Analysis, 2024
- FIG 10 Key Leading Strategies: Percentage Distribution (2021-2025)
- FIG 11 Key Strategic Move: (Product Launches and Product Expansions : 2021, Nov - 2025, oct) Leading Players
- FIG 12 Porter's Five Forces Analysis - Mainframe Modernization Market
- FIG 13 North America Mainframe Modernization Market share by Organization Size, 2024
- FIG 14 North America Mainframe Modernization Market share by Organization Size, 2032
- FIG 15 North America Mainframe Modernization Market by Organization Size, 2021 - 2032, USD Million
- FIG 16 North America Mainframe Modernization Market share by Component Type, 2024
- FIG 17 North America Mainframe Modernization Market share by Component Type, 2032
- FIG 18 North America Mainframe Modernization Market by Component Type, 2021 - 2032, USD Million
- FIG 19 North America Mainframe Modernization Market share by Vertical, 2024
- FIG 20 North America Mainframe Modernization Market share by Vertical, 2032
- FIG 21 North America Mainframe Modernization Market by Vertical, 2021 - 2032, USD Million
- FIG 22 North America Mainframe Modernization Market share by Country, 2024
- FIG 23 North America Mainframe Modernization Market share by Country, 2032
- FIG 24 North America Mainframe Modernization Market by Country, 2021 - 2032, USD Million
- FIG 25 Recent strategies and developments: IBM Corporation
- FIG 26 SWOT Analysis: IBM Corporation
- FIG 27 Recent strategies and developments: Accenture PLC
- FIG 28 SWOT Analysis: Accenture PLC
- FIG 29 Recent strategies and developments: HCL Technologies Ltd.
- FIG 30 SWOT Analysis: HCL Technologies Ltd.
- FIG 31 SWOT Analysis: Amazon Web Services, Inc.
- FIG 32 SWOT Analysis: Tata Consultancy Services Ltd.
- FIG 33 SWOT Analysis: Capgemini SE
- FIG 34 SWOT Analysis: Infosys Limited
- FIG 35 Recent strategies and developments: DXC Technology Company
- FIG 36 SWOT Analysis: DXC Technology Company
- FIG 37 Recent strategies and developments: Wipro Limited
- FIG 38 SWOT Analysis: Wipro Limited
- FIG 39 SWOT analysis: Open Text Corporation
