Application Modernization Services Market is expected to reach USD 21.23 Billion by 2029 from USD 6.13 Billion in 2021 at a CAGR of 16.8%. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report Growing need for business agility and faster time to market, benefits of leveraging big data technologies in the connected era, cloud computing-a major component of application modernization strategy are driving the application modernization services market. Large investments made on legacy systems delaying the application modernization plans and shortage of skilled resources for legacy technologies are restraining factors of market. Open-source technology offers opportunity while application modernization-a time-intensive process, architectural and operational complexities will act a challenges for application modernization services market Small and medium enterprises organization segment is anticipated to hold the largest market share and will continue to grow at the highest rate, owing to the high adoption of the lift-and-shift migration strategy, which enables their businesses to scale and grow faster. Advanced operational process, reducing the cost, and rolling out products in a quick time frame, further eliminating the location barriers. In addition, high penetration of advance technologies, such as cloud computing, big data and analytics, mobility, and artificial intelligence will transform the manufacturing vertical. This factor in turn has made manufacturing vertical as a fastest growing segment. Application Modernization Services Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The swift growth of the market in the Asia Pacific region is anticipated to dominate the market over the forecast period majorly due to rapid growth in the application modernization services over the forecast period this is majorly due to the rising spending in order to improve the infrastructure and swift growth in the big data and cloud computing technologies.
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Global Application Modernization Services Market Base Year 2021 Forecast Period 2022-2029 Historical Data CAGR Market Size in 2021 Market Size in 2029 2017 to 2021 16.8% US$ 6.13 Bn US$ 21.23 Bn Segments Covered by Services •Application portfolio assessment • Application replatforming • Cloud application migration • Post-modernization • Application integration • User Interface (UI) modernization by Organization Size • Small & Medium Enterprises • Large Enterprises by Vertical • Banking, Financial Services, and Insurance (BFSI) • IT and telecom • Healthcare • Retail • Manufacturing • Government • Others Regions Covered North America • United States • Canada • Mexico Europe • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe Asia Pacific • China • S Korea • Japan • India • Australia • Indonesia • Malaysia • Vietnam • Taiwan • Bangladesh • Pakistan • Rest of APAC Middle East and Africa • South Africa • GCC • Egypt • Nigeria • Rest of ME&A South America • Brazil • Argentina • Rest of South America Application Modernization Services Market Key Players are:
• Accenture • Capgemeni • Asysco • Bell Integrator • ATOS • Fujitsu • HCL • Macrosoft Inc. • Oracle Corporation • Trustwave • Cognizant • Ust Global • IBM Corporation • Blu Age • Aspire Systems • Dell • DXC Technology • EPAM Systems • Hexaware • Infosys • Innova Solutions • LTI • Microfocus • MongoDB • NTT Data • Wipro Frequently Asked questions 1. What is the market size of the Global Application Modernization Services Market in 2021? Ans. The market size Global Application Modernization Services Market in 2021 was US$ 6.13 Billion. 2. What are the different segments of the Global Application Modernization Services Market ? Ans. The Global Application Modernization Services Market is divided into Services, Organization Size and Vertical. 3. What is the study period of this market? Ans. The Global Application Modernization Services Market will be studied from 2021 to 2029. 4. Which region is expected to hold the highest Global Application Modernization Services Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Application Modernization Services Market ? Ans. The Forecast Period of the market is 2022-2029 in the market.
To know about the Research Methodology:-Global Application Modernization Services Market
1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1. Market Definition 2.2. Market Scope 2.3. Data Sources 3. MARKET DYNAMICS 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. DEPLOYMENT MODEL USE CASE OVERVIEW 4.1. Key Trends 5. GLOBAL APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICES (2021-2029) 5.1. Introduction 5.2. Global Application Modernization Services Market, by Application Portfolio Assessment 5.2.1. Application Portfolio Assessment Market Overview 5.2.2. Application Portfolio Assessment Market Size & Forecast 5.3. Global Application Modernization Services Market, by Application Replatforming 5.3.1. Application Replatforming Market Overview 5.3.2. Application Replatforming Market Size & Forecast 5.4. Global Application Modernization Services Market, by Cloud Application Migration 5.4.1. Cloud Application Migration Market Overview 5.4.2. Cloud Application Migration Market Size & Forecast 5.5. Global Application Modernization Services Market, by Application Integration 5.5.1. Application Integration Market Overview 5.5.2. Application Integration Market Size & Forecast 5.6. Global Application Modernization Services Market, by Post-Modernization 5.6.1. Post-Modernization Market Overview 5.6.2. Post-Modernization Market Size & Forecast 5.7. Global Application Modernization Services Market, by User Interface Modernization 5.7.1. User Interface Modernization Market Overview 5.7.2. User Interface Modernization Market Size & Forecast 6. GLOBAL APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE (2021-2029) 6.1. Introduction 6.2. Global Application Modernization Services Market, by Small & Medium Enterprises 6.2.1. Small & Medium Enterprises Market Overview 6.2.2. Small & Medium Enterprises Market Size & Forecast 6.3. Global Application Modernization Services Market, by Large Enterprises 6.3.1. Large Enterprises Market Overview 6.3.2. Large Enterprises Market Size & Forecast 7. GLOBAL APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL (2021-2029) 7.1. Introduction 7.2. Global Application Modernization Services Market, by BFSI 7.2.1. BFSI Market Overview 7.2.2. BFSI Market Size & Forecast 7.3. Global Application Modernization Services Market, by Healthcare 7.3.1. Healthcare Market Overview 7.3.2. Healthcare Market Size & Forecast 7.4. Global Application Modernization Services Market, by Retail 7.4.1. Retail Market Overview 7.4.2. Retail Market Size & Forecast 7.5. Global Application Modernization Services Market, by Manufacturing 7.5.1. Manufacturing Market Overview 7.5.2. Manufacturing Market Size & Forecast 7.6. Global Application Modernization Services Market, by IT & Telecommunications 7.6.1. IT & Telecommunications Market Overview 7.6.2. IT & Telecommunications Market Size & Forecast 7.7. Global Application Modernization Services Market, by Government 7.7.1. Government Market Overview 7.7.2. Government Market Size & Forecast 7.8. Global Application Modernization Services Market, by Others 7.8.1. Others Market Overview 7.8.2. Others Market Size & Forecast 8. GLOBAL APPLICATION MODERNIZATION SERVICES MARKET, BY GEOGRAPHY (2021-2029) 8.1. North America Application Modernization Services Market 8.1.1. North America Application Modernization Services Market, by Service 8.1.2. North America Application Modernization Services Market, by Organization Size 8.1.3. North America Application Modernization Services Market, by Vertical 8.1.4. North America Application Modernization Services Market, by Region 8.1.4.1. U.S. Application Modernization Services Market 8.1.4.2. Canada Application Modernization Services Market 8.1.4.3. Rest of North America Application Modernization Services Market 8.2. Europe Application Modernization Services Market 8.2.1. Europe Application Modernization Services Market, by Service 8.2.2. Europe Application Modernization Services Market, by Organization Size 8.2.3. Europe Application Modernization Services Market, by Vertical 8.2.4. Europe Application Modernization Services Market, by Region 8.2.4.1. France Global Application Modernization Services Market 8.2.4.2. Germany Global Application Modernization Services Market 8.2.4.3. U.K .Global Application Modernization Services Market 8.2.4.4. Rest of Europe Global Application Modernization Services Market 8.3. Asia Pacific Application Modernization Services Market 8.3.1. Asia Pacific Application Modernization Services Market, by Service 8.3.2. Asia Pacific Application Modernization Services Market, by Organization Size 8.3.3. Asia Pacific Application Modernization Services Market, by Vertical 8.3.4. Asia-Pacific Application Modernization Services Market, by Region 8.3.4.1. China Application Modernization Services Market 8.3.4.2. Japan Application Modernization Services Market 8.3.4.3. India Application Modernization Services Market 8.3.4.4. Australia Application Modernization Services Market 8.3.4.5. South Korea Application Modernization Services Market 8.3.4.6. Rest of Asia Pacific Application Modernization Services Market 8.4. Middle East & Africa Application Modernization Services Market 8.4.1. Middle East & Africa Application Modernization Services Market, by Service 8.4.2. Middle East & Africa Application Modernization Services Market, by Organization Size 8.4.3. Middle East & Africa Application Modernization Services Market, by Vertical 8.4.4. Middle East & Africa Application Modernization Services Market, by Region 8.4.4.1. North Africa Application Modernization Services Market 8.4.4.2. South Africa Application Modernization Services Market 8.4.4.3. GCC Application Modernization Services Market 8.4.4.4. Egypt Application Modernization Services Market 8.4.4.5. Nigeria Application Modernization Services Market 8.4.4.6. Rest of Middle East & Africa Application Modernization Services Market 8.5. Latin America Application Modernization Services Market 8.5.1. Latin America Application Modernization Services Market, by Service 8.5.2. Latin America Application Modernization Services Market, by Organization Size 8.5.3. Latin America Application Modernization Services Market, by Vertical 8.5.4. Latin America Application Modernization Services Market, by Region 8.5.4.1. Brazil Application Modernization Services Market 8.5.4.2. Argentina Application Modernization Services Market 8.5.4.3. Columbia Application Modernization Services Market 8.5.4.4. Mexico Application Modernization Services Market 8.5.4.5. Rest of Latin America Application Modernization Services Market 9. MARKET COMPETITION ANALYSIS 9.1 Market Share/Positioning Analysis 9.2 Key Innovators 9.3 Company Profiles 9.3.1 Accenture 9.3.1.1 Overview 9.3.1.2 Products/ Deployment Model Use Case 9.3.1.3 Strategy 9.3.1.4 Key Developments 9.3.2 ATOS 9.3.2.1 Overview 9.3.2.2 Products/ Deployment Model Use Case 9.3.2.3 Strategy 9.3.2.4 Key Developments 9.3.3 Asysco 9.3.3.1 Overview 9.3.3.2 Products/ Deployment Model Use Case 9.3.3.3 Strategy 9.3.3.4 Key Developments 9.3.4 Bell Integrator 9.3.4.1 Overview 9.3.4.2 Products/ Deployment Model Use Case 9.3.4.3 Strategy 9.3.4.4 Key Developments 9.3.5 Capgemeni 9.3.5.1 Overview 9.3.5.2 Products/ Deployment Model Use Case 9.3.5.3 Strategy 9.3.5.4 Key Developments 9.3.6 Fujitsu 9.3.6.1 Overview 9.3.6.2 Products/ Deployment Model Use Case 9.3.6.3 Strategy 9.3.6.4 Key Developments 9.3.7 Cognizant 9.3.7.1 Overview 9.3.7.2 Products/ Deployment Model Use Case 9.3.7.3 Strategy 9.3.7.4 Key Developments 9.3.8 HCL 9.3.8.1 Overview 9.3.8.2 Products/ Deployment Model Use Case 9.3.8.3 Strategy 9.3.8.4 Key Developments 9.3.9 Macrosoft Inc. 9.3.9.1 Overview 9.3.9.2 Products/ Deployment Model Use Case 9.3.9.3 Strategy 9.3.9.4 Key Developments 9.3.10 Oracle Corporation 9.3.10.1 Overview 9.3.10.2 Products/ Deployment Model Use Case 9.3.10.3 Strategy 9.3.10.4 Key Developments 9.3.11 Micro Focus 9.3.11.1 Overview 9.3.11.2 Products/ Deployment Model Use Case 9.3.11.3 Strategy 9.3.11.4 Key Developments 9.3.12 UST Global 9.3.12.1 Overview 9.3.12.2 Products/ Deployment Model Use Case 9.3.12.3 Strategy 9.3.12.4 Key Developments 9.3.13 IBM Corporation 9.3.14 Blu Age 9.3.15 Aspire Systems 9.3.16 Dell 9.3.17 DXC Technology 9.3.18 EPAM Systems 9.3.19 Hexaware 9.3.20 Infosys 9.3.21 Innova Solutions 9.3.22 LTI 9.3.23 Microfocus 9.3.24 MongoDB 9.3.25 NTT Data 9.3.26 Wipro