Application Modernization and Migration Service Market

The global Application Modernization and Migration Service market was valued at US$ 19180 million in 2022 and is projected to reach US$ 29260 million by 2029, at a CAGR of 6.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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.

Application Modernization and Migration Service Market aims to provide a comprehensive presentation of the global market for Application Modernization and Migration Service, 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 and Migration Service. Application Modernization and Migration Service Market contains market size and forecasts of Application Modernization and Migration Service in global, including the following market information:

• Global Application Modernization and Migration Service Market Revenue, 2018-2023, 2024-2030, ($ millions)
• Global top five companies in 2022 (%)

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 and Migration Service 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 and Migration Service Market, by Type, 2018-2023, 2024-2030 ($ millions)

Global Application Modernization and Migration Service Market Segment Percentages, by Type, 2022 (%)

• Application Portfolio Assessment
• Cloud Application Migration
• Application Replatforming

Global Application Modernization and Migration Service Market, by Application, 2018-2023, 2024-2030 ($ millions)

Global Application Modernization and Migration Service Market Segment Percentages, by Application, 2022 (%)

• BFSI
• Government
• Healthcare
• IT and Telecommunication
• Manufacturing
• Retail
• Other

Global Application Modernization and Migration Service Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)

Global Application Modernization and Migration Service 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 and Migration Service revenues in global market, 2018-2023 (estimated), ($ millions)

Key companies Application Modernization and Migration Service 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
• Tech Mahindra
• TCS
• Wipro
• Infosys
• DXC
• Blu Age
• TSRI
• Modern Systems
• Trinity Millennium
• Micro Focus
• Software Mining
• Semantic Designs
• Evolveware
• Mapador
• Fresche Solutions
• Asysco
• Expersolve
• Metaware (Inetum)
• MOST Technologies
• Freesoft
• Language Portability Solutions

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Application Modernization and Migration Service, market overview.
• Chapter 2: Global Application Modernization and Migration Service market size in revenue.
• Chapter 3: Detailed analysis of Application Modernization and Migration Service 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 and Migration Service 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.