Application Modernization Services Market Segmentation:
Industry Vertical Segment Analysis
BFSI segment in application modernization services market is poised to hold over 32.9% revenue share by the end of 2035. Ensuring security and compliance with regulations is of utmost importance in the financial services industry.
Securing cloud migration solutions for core banking systems, while complying with strict industry standards, is a priority for modernization services in order to achieve this objective.
The legacy banking system is a platform that has been in place for decades, providing the backend infrastructure of essential financial services such as transaction processing, account registrations, and loan approvals.
Organization Size Segment Analysis
By 2035, large companies segment in application modernization services market is poised to hold more than 70.4% revenue share. In order to protect confidential data and mitigate legal risks, big enterprises are operating in very regulated sectors where they must abide by different industry regulations, legislation on the protection of personal data as well as safety standards.
A legacy application may not have the necessary security features, encryption mechanisms, or audit trails, exposing large enterprises to potential security breaches or compliance violations. By implementing advanced encryption, access control, and audit logging directly into applications, AMS providers offer modernization solutions that enhance safety and compliance.
Our in-depth analysis of the global application modernization services market includes the following segments:
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