Global Application Modernization Services Market Size is estimated to expand rapidly in coming years, at a CAGR of 20.5 % from 2018 to 2025. In 2017, the global market valuation was USD 6.7 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Modernization of applications is a service intended to handle legacy transformation into fresh applications. The transition takes place to incorporate new characteristics and functionalities into the current company. The application modernization usually takes place in terms of re-platforming in the situation of cloud, re-hosting, re-engineering and many more to ensure that the application architecture is suited for business. Geographically, North America is expected to be the highest growing region in the global market of application modernization services.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global application modernization services market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global application modernization services market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Services Type Insights: On the basis of services, global application modernization services market has been segmented into application portfolio assessment, cloud application migration, application replatforming, application integration, user interface (UI) modernization, post-modernization. During the forecast period, the application integration service is anticipated to have the biggest market share due to the increasing need to integrate current legacy applications and databases with fresh apps.

By Vertical Insights: On the basis of vertical, global application modernization services market has been segmented into banking, financial services, and insurance (BFSI), healthcare, IT and telecom, retail, government, manufacturing, others (education, automotive, and travel and transportation). Among which BFSI segment is expected to be the highest growing segment in the global market of application modernization service.

Regional Analysis

The application modernization services market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America is expected to witness high growth in upcoming timespan due to the increasing implementation of the digital transformation policy through the implementation of fresh technologies and the modernization of current applications. The development of the application modernization industry in North America is mainly due to the existence of some of the leading suppliers.

Asia Pacific region is expected to witness high growth in the market in the forecast period. Many of the main players are focused on the APAC region alone and provide services globally. Another significant factor driving the development of technology-related services is quicker adoption and appropriate infrastructure, pursuing an increasing amount of application modernization initiatives in this region. Europe is anticipated to dominate the global application modernization services market over the projected period majorly owing increased R&D investments on improving the infrastructure, better technological connectivity, and highly cost-effective business strategies.

Global Application Modernization Services Market Size, Share Analysis by Region 2017

Global Application Modernization Services Market Study Objective

1. To forecast the market size of application modernization services market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of application modernization services market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of application modernization services market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of application modernization services market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the application modernization services market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Accenture, Asysco, Atos, Bell Integrator, Capgemini, Cognizant, Fujitsu, HCL, IBM, Macrosoft Inc., Micro Focus, Oracle, Tech Mahindra, and UST Global are some of the key players in the market of application modernization services.

Global Application Modernization Services Market Study Report Offer You!

The global application modernization services market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.