Application Modernization Services Market [2022–2025] Top Key Players Insights

MarketsandMarkets™

Application Modernization Services Market [2022–2025] Top Key Players Insights

According to a research report “Application Modernization Services Market by Service (Application Portfolio Assessment, Cloud Application Migration, Application Replatforming), Cloud Deployment Mode, Organization Size, Vertical, and Region — Global Forecast to 2025” published by MarketsandMarkets, the global application modernization services market size is expected to grow from USD 11.4 billion in 2020 to USD 24.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.8% during the forecast period. Key factors driving the application modernization services market include growth of cloud services, large scale migration of workloads to cloud-based and Service Oriented Structure (SOA), rising focus transforming and modernizing legacy systems, and rise in demand for modern infrastructure to ensure business continuity.

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Some major players profiled in the report are Accenture (Ireland), IBM (US), Atos (France), HCL (India), Capgemini (France), Bell Integrator (US), Blu Age (France), Cognizant (US), Aspire Systems (India), Dell (US), DXC Technology (US), EPAM Systems (US), Fujitsu (Japan), Hexaware (India), Infosys (India), Innova Solutions (US), LTI (US), Microfocus (UK), MongoDB (US), NTT Data (Japan), Oracle (US), Softura (US), TCS (India), Virtusa (US), and Wipro (India).

The application modernization services market is growing across the globe with key industry players undergoing various organic and inorganic growth strategies. The key players have undergone acquisitions and mergers to grow their product portfolios in offering efficient services to customers across various industries. The organizations have realized the benefits of moving their workloads to cloud and flexibility and scalability offered by cloud based applications, leading to drive the growth of application modernization services market.

In the application modernization services market, IBM (US) offers a wide range of services through its platform, IBM Garage. The platform is a center for high-impact client-centric innovation. It supports modernization approaches to the legacy application transformation strategy for various organizations. IBM’s services in the application modernization portfolio include application readiness assessment, refactoring, repackaging, re-platforming through containerization and DevOps pipelines, application cloud migration, and post-modernization services such as application decommissioning.

Accenture’s (Ireland) service-oriented offerings include strategic assessment of businesses for the modernization of their legacy systems and business logic extraction through processes such as business rules mining, software vulnerabilities remediation, application re-platforming, and application migration. With these services, the company is renowned for offering application modernization services. Accenture partnered with Apple to cater to the demand for enterprise mobility solutions from customers. As per the partnership, Accenture would utilize iOS capabilities such as reliability, simplicity, and security for its digital transformation, thereby enabling the migration of legacy applications to modern iOS apps

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Application Modernization Services Market by Service, Cloud Deployment Mode, Organization Size, Vertical, and Region — Global Forecast to 2025

marketsandmarkets 2022-09-13

According to a research report “Application Modernization Services Market by Service (Application Portfolio Assessment, Cloud Application Migration, Application Replatforming), Cloud Deployment Mode, Organization Size, Vertical, and Region — Global Forecast to 2025” published by MarketsandMarkets, the global application modernization services market size is expected to grow from USD 11. id=149625724By service, the application re-platforming segment to hold the largest market size during the forecast periodThe application re-platforming segment to hold the largest market size during the forecast period. North America to hold the largest market size during the forecast periodNorth America is expected to account for the largest market size in the application modernization services market by region during the forecast period. The study includes an in-depth competitive analysis of key players in the application modernization services market with their company profiles, recent developments, and key market strategies. About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Application Modernization Services Market 2022 Future Demand, Prominent Players & Forecast To 2030

harshtech 2023-02-14

The global application modernization services market growth report by Market Research Future (MRFR) offers insights on changing shifts of technology and new trends that accelerate digitization for the period of 2022 to 2030 (forecast period). Additionally, application modernization services may include migrating to the cloud, porting to new operating systems, and optimizing existing applicationsMarket ScopeThe global application modernization services market size can balloon to USD 24. The cloud application migration segment is likely to gain huge demand in the application modernization services market. , Fujitsu Ltd, DXC Technology Company, Bell Integrator, Inc, and Idexcel, Inc are prominent players of the global application modernization services market. Digital transformation of services is to be leveraged by these companies for offering customized application modernization services.

Application Modernization Services Market 2024 | Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects and Forecast To 2033

sai tbrc 2024-04-25

Sizing and ForecastThe application modernization services market size has grown rapidly in recent years. The application modernization services market size is expected to see rapid growth in the next few years. North America was the largest region in the application modernization services market in 2023. The regions covered in the application modernization services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Key Industry PlayersMajor companies operating in the application modernization services market report are Accenture plc, Aspire Systems Inc.

Application Modernization Services Market 2020 Major Key Players and Industry Analysis Till 2027

Kevin Anderson 2021-06-19

COVID-19 Impact Analysis on Application Modernization Services Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.

The report encompasses data regarding market share and recent developments by key players.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the application modernization services market include Bell Integrator Inc., Cognizant Technology Solutions Corporation, EPAM Systems, Inc., Fujitsu Limited, Infosys Limited, Hexaware Technologies, Micro Focus International plc., NTT DATA Corporation, and Oracle Corporation.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Application Modernization Services Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/application-modernization-services-market/download-sampleMarket DynamicsRising number of businesses deploying digital technologies and applications, increasing need for improved software functionalities due to changing business landscape, growing preference for cloud services and Service-Oriented Structure (SOA), rising focus transforming and modernizing legacy systems, and demand for modern setup to stay in the competition are factors driving demand for application modernization services.

However, complexities and high costs involved in application modernization services and significant turbulence caused in the IT sector due to economic uncertainties is hampering the market growth.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.

Application Modernization Services Market Size, Outlook, Share, Demand, Manufacturers And Forecast To 2027 | MRFR Report

Animesh Rao 2022-01-14

The global application modernization services market report by Market Research Future (MRFR) offers insights on changing shifts of technology and new trends that accelerate digitization for the period of 2017 to 2023 (forecast period). com/check-discount/5541 Application Modernization Services Market Regional AnalysisNorth America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions analyzed for measuring the growth of the global application modernization services market. The ability of IT firms to keep up with the reach of global consumers can drive demand for application modernization. North America is anticipated to command a large market share owing to modernization services offered by vendors across multiple disciplines. About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Application Modernization Services Market Growth and Demands Analysis from 2029

sachin 2022-05-30

The Application Modernization Services Market report provides an in-depth analysis of key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. The Industry research report gives a plan for the future that will help companies and other stakeholders make good decisions that will bring good returns for many years. The report provides a practical overview of the global market and its real-time changes so that readers can make decisions about well-informed market projects. Request Free Sample Copy of Report @ https://straitsresearch. Quantifiable Data:Market segmentation by Type and Application / End-UserBy Service Application Portfolio Assessment Cloud Application Migration Application Re-Platforming Application Integration UI Modernization Post Modernization By Vertical BFSI Healthcare and Life Sciences Telecommunications Retail and Consumer Goods Government and Public Sector Energy and Utilities ManufacturingApplication Modernization Services -Specific Applications Sales and Growth Rates (Historical & Forecast)Application Modernization Services Industry sales, revenue, and growth rate during ForecastApplication Modernization Services size and growth rate, segmentation like application and type (Past and Forecast)Sales revenue, volume, and Y-O-Y growth rate (base year) of Application Modernization Services industry.

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