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North America Mainframe Modernization Market Size, Share & Industry Analysis Report By Organization Size (Large Enterprises and SMEs), By Component Type (Services and Software), By Vertical (BFSI, IT & ITeS, Healthcare, Retail, Manufacturing, Media & Ente

Publisher Knowledge Based Value (KBV) Research
Published Nov 04, 2025
Length 185 Pages
SKU # KBV20576016

Description

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and AWS Mainframe Modernization services to speed up modernization while lowering operational risks and reliance on outdated skills.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

185 Pages
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 
3.2 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

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