COBOL in demand

COBOL is important. Very important. Everyone deals with COBOL every day, all though most people don't know. A recent report (2013) reflects the following numbers :

  • COBOL supports 90% of Fortune 500 business systems every day
  • 70% of all critical business logic and data is written in COBOL
  • COBOL connects 500 million mobile phone users every day
  • COBOL applications manage the care of 60 million patients every day
  • COBOL powers 85% of all daily business transactions processed
  • COBOL applications move 72,000 shipping containers every day and process 85% of port transactions
  • 95% of all ATM transactions use COBOL
  • COBOL enables 96,000 vacations to be booked every year
  • COBOL powers 80% of all point-of-sale transactions
  • There are 200 more COBOL transactions per day than Google + You Tube searches worldwide
  • $2 trillion worth of mainframe applications in corporations are written in COBOL
  • 1.5 million new lines of COBOL code are written every day
  • 5 billion lines of new COBOL code are developed every year
  • The total investment in COBOL technologies, staff and hardware is estimate at $5 trillion
  • An estimated 2 million people are currently working in COBOL

Sources: Aberdeen Group; Giga Information Group; Database & Network Journal; The COBOL Report; SearchEngineWatch.com; Tactical Strategy Group; The Future of COBOL Report.