Report overview
Application modernization is the refactoring, re-purposing or consolidation of legacy software programming to align it more closely with current business needs.
The goal of an application modernization project is to create new business value from existing applications. An application is a program designed to perform a specific function directly for the user or, in some cases, for another application program. Keeping legacy applications running smoothly can be a time-consuming, resource-intensive process, especially when the software becomes so outdated that it becomes incompatible with newer versions of the underlying operating system (OS) or system hardware.
This report aims to provide a comprehensive presentation of the global market for Application Modernization Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Application Modernization Services. This report contains market size and forecasts of Application Modernization Services in global, including the following market information:
Global Application Modernization Services Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Application Modernization Services market was valued at US$ 19180 million in 2022 and is projected to reach US$ 49340 million by 2029, at a CAGR of 14.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Application Modernization Services key players include IBM, Atos, Cognizant, Accenture, etc. Global top four manufacturers hold a share over 55%.
United States is the largest market, with a share about 35%, followed by Europe and China, both have a share about 35 percent.
In terms of product, Cobol is the largest segment, with a share over 60%. And in terms of application, the largest application is Emulation, followed by Translation, Business rules extraction, etc.
We surveyed the Application Modernization Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Application Modernization Services Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Application Modernization Services Market Segment Percentages, by Type, 2022 (%)
Cobol
ADA
PL/1
RPG
Assembler
PowerBuilder
Others
Global Application Modernization Services Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Application Modernization Services Market Segment Percentages, by Application, 2022 (%)
Emulation
Translation
Business Rules Extraction
Global Application Modernization Services Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Application Modernization Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Application Modernization Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Application Modernization Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Accenture
Atos
Bell Integrator
Capgemini
Cognizant
Fujitsu
HCL
IBM
Macrosoft Inc.
Tech Mahindra
TCS
Wipro
Infosys
DXC
Blu Age
TSRI
Modern Systems
Trinity Millennium
Micro Focus
Software Mining
Semantic Designs
Evolveware
Mapador
Fresche Solutions Inc.
Asysco
Expersolve
Metaware
MOST Technologies
Freesoft
Language Portability Solutions
Outline of Major Chapters:
Chapter 1: Introduces the definition of Application Modernization Services, market overview.
Chapter 2: Global Application Modernization Services market size in revenue.
Chapter 3: Detailed analysis of Application Modernization Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Application Modernization Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
