Application Modernization Services Market

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 Services Market contains market size and forecasts of Application Modernization Services in Global, including the following market information:

Global Application Modernization Services Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Application Modernization Services market was valued at 19180 million in 2021 and is projected to reach US$ 49340 million by 2028, at a CAGR of 14.5% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Cobol Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Application Modernization Services include Accenture, Atos, Bell Integrator, Capgemini, Cognizant, Fujitsu, HCL, IBM and Macrosoft Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.

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, 2017-2022, 2023-2028 ($ millions)

Global Application Modernization Services Market Segment Percentages, by Type, 2021 (%)

Cobol

ADA

PL/1

RPG

Assembler

PowerBuilder

Others

Global Application Modernization Services Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Application Modernization Services Market Segment Percentages, by Application, 2021 (%)

Emulation

Translation

Business Rules Extraction

Global Application Modernization Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Application Modernization Services Market Segment Percentages, By Region and Country, 2021 (%)

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, 2017-2022 (estimated), ($ millions)

Key companies Application Modernization Services revenues share in global market, 2021 (%)

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