Search Results
6/29/2025, 6:48:38 PM
>>16709233
COBOL remains a critical part of the global digital infrastructure as of to date. Despite modern alternatives like python, Java, and Go.
>Over 14,574 compaines worldwide are using the language, with the U.S. accounting for the majority (6,734 companies or 60.36%).
>The insurance, Software Development, and Wealth Management sectors are among the top industries utilizing COBOL.
>It's especially dominant in financial transaction processing, with around 80% of in-person financial transactions being powered by COBOL systems.
>Appropriately 220 billion lines of COBOL code are in active use, with around 5 billion new lines written each year.
It is largely due to its stability, reliability, and robust handling of large-scale data processing, additionally so in environments like IBM mainframes. Many institutions have not transitioned away from COBOL due to the high cost and complexity of replacing legacy systems.
Moreover, there has also been a resurgence in demand for COBOL programmers, with job postings increasing substantially since 2020. This is partly due to aging systems needing maintenance and the difficulty AI faces in interpreting COBOL's rigid syntax.
COBOL remains a critical part of the global digital infrastructure as of to date. Despite modern alternatives like python, Java, and Go.
>Over 14,574 compaines worldwide are using the language, with the U.S. accounting for the majority (6,734 companies or 60.36%).
>The insurance, Software Development, and Wealth Management sectors are among the top industries utilizing COBOL.
>It's especially dominant in financial transaction processing, with around 80% of in-person financial transactions being powered by COBOL systems.
>Appropriately 220 billion lines of COBOL code are in active use, with around 5 billion new lines written each year.
It is largely due to its stability, reliability, and robust handling of large-scale data processing, additionally so in environments like IBM mainframes. Many institutions have not transitioned away from COBOL due to the high cost and complexity of replacing legacy systems.
Moreover, there has also been a resurgence in demand for COBOL programmers, with job postings increasing substantially since 2020. This is partly due to aging systems needing maintenance and the difficulty AI faces in interpreting COBOL's rigid syntax.
Page 1