Application Modernization Services Market Analysis

  • Report ID: 6110
  • Published Date: Jun 03, 2024
  • Report Format: PDF, PPT

Application Modernization Services Market TOC

Part 01

  1. An Introduction to the Research Study
    1. Preface
    2. Market Taxonomy
    3. Definition of the Market and the Segments
    4. Acronyms and Assumptions

Part 02

  1. The Research Procedure
    1. Sources of Data
    2. Secondary
    3. Primary
      1. Calculation and Derivation of Market Size
    4. Top-down approach
    5. Bottom-up approach

Part 03

  1. Executive Summary

Part 04

  1. Market Opportunities

Part 05

  1. Market Dynamics

Part 06

  1. Major Roadblocks

Part 07

  1. Recommendation by Analyst for C-Level Executives

Part 08

  1. Evaluation of Market Outlook

Part 09

  1. Fundamental Market Prospects

Part 10

  1. Regulatory Landscape

Part 11

  1. Value Chain Analysis

Part 12

  1. Industry Growth Outlook

Part 13

  1. Recent Developments/Collaborations/Acquisitions in the Application Modernization Services Market

Part 14

  1. SWOT Analysis

Part 15

  1. Analysis of the Application Modernization Service Type

Part 16

  1. Technology Transition and Adoption Analysis

Part 17

  1. Case Study Analysis

Part 18

  1. Competitive Feature Analysis

Part 19

  1. Industry Vertical Analysis

Part 20

  1. Global Application Modernization Services Market Valuation, Business Viewpoint and Forecast, 2024-2037: Worldwide Factors Fostering the Industry Growth
    1. Market Summary
    2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
    3. Market Value (USD Million) Current and Future Projections, 2024-2037
    4. Market Increment $ Opportunity Assessment, 2024-2037
    5. Year-on-Year Growth Forecast (%)
    6. Global Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
      1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
      6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    7. Global Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. Global Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    9. Global Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037
      1. North America, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Latin America, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Europe, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Asia Pacific Excluding Japan (APEJ), Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Japan, Market Value (USD Million), Current and Future Projections, 2024-2037
      6. Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

Part 21

  1. North America Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
    3. Market Value (USD Million) Current and Future Projections, 2024-2037
    4. Market Increment $ Opportunity Assessment, 2024-2037
    5. Year-on-Year Growth Forecast (%)
    6. North America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
      1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
      6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    7. North America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. North America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    9. North America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037
      1. US, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Canada, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

Part 22

  1. United States Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
    3. Market Value (USD Million) Current and Future Projections, 2024-2037
    4. Market Increment $ Opportunity Assessment, 2024-2037
    5. Year-on-Year Growth Forecast (%)
    6. United States Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
      1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
      6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    7. United States Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. United States Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037

Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

Part 23

  1. Latin America Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
    3. Market Value (USD Million) Current and Future Projections, 2024-2037
    4. Market Increment $ Opportunity Assessment, 2024-2037
    5. Year-on-Year Growth Forecast (%)
    6. Latin America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
      1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
      6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    7. Latin America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. Latin America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    9. Latin America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
      1. Brazil, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Mexico, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Argentina, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Rest of Latin America, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

Part 24

  1. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037
    1. Market Summary
    2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
    3. Market Value (USD Million) Current and Future Projections, 2024-2037
    4. Market Increment $ Opportunity Assessment, 2024-2037
    5. Year-on-Year Growth Forecast (%)
    6. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
      1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
      6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    7. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    9. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
      1. Germany, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. UK, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Italy, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. France, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Spain, Market Value (USD Million), Current and Future Projections, 2024-2037
      6. BENELUX, Market Value (USD Million), Current and Future Projections, 2024-2037
      7. Russia, Market Value (USD Million), Current and Future Projections, 2024-2037
      8. Poland, Market Value (USD Million), Current and Future Projections, 2024-2037
      9. Rest of Europe, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

Part 25

  1. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
    3. Market Value (USD Million) Current and Future Projections, 2024-2037
    4. Market Increment $ Opportunity Assessment, 2024-2037
    5. Year-on-Year Growth Forecast (%)
    6. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
      1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
      6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    7. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    9. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
      1. China, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. India, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Indonesia, Market Value (USD Million), Current and Future Projections, 2022-2035
      4. South Korea, Market Value (USD Million), Current and Future Projections, 2024-2037
      5. Australia, Market Value (USD Million), Current and Future Projections, 2024-2037
      6. Singapore, Market Value (USD Million), Current and Future Projections, 2024-2037
      7. Malaysia, Market Value (USD Million), Current and Future Projections, 2024-2037
      8. New Zealand, Market Value (USD Million), Current and Future Projections, 2024-2037
      9. Vietnam, Market Value (USD Million), Current and Future Projections, 2024-2037
      10. Rest of Asia Pacific Excluding Japan (APEJ), Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

Part 26

  1. Japan Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037
    1. Market Summary
    2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
    3. Market Value (USD Million) Current and Future Projections, 2024-2037
    4. Market Increment $ Opportunity Assessment, 2024-2037
    5. Year-on-Year Growth Forecast (%)
    6. Japan Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
      1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
      6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    7. Japan Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. Japan Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037

Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

Part 27

  1. Middle East & Africa Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037
    1. Market Summary
    2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
    3. Market Value (USD Million) Current and Future Projections, 2024-2037
    4. Market Increment $ Opportunity Assessment, 2024-2037
    5. Year-on-Year Growth Forecast (%)
    6. Middle East & Africa Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
      1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
      6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    7. Middle East & Africa Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
      1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
    8. Middle East & Africa Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
      1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
      4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
      5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
    9. Middle East & Africa (Middle East & Africa) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
      1. Combined Gulf Countries, Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Israel, Market Value (USD Million), Current and Future Projections, 2024-2037
      3. South Africa, Market Value (USD Million), Current and Future Projections, 2024-2037
      4. Rest of Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2024-2037

Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

Part 28

  1. Comprehensive Analysis of Leading Players in the Market
    1. Market share of Key Competitors in the Market (%), 2023
    2. Profile of the Major Vendors
    3. Accenture
    4. Avanade Inc.
    5. Atos SE
    6. International Business Machines Corporation
    7. Capgemini
    8. Cognizant
    9. HCL Technologies Limited
    10. ScienceSoft USA Corporation
    11. Softura
    12. Damco Group
    13. PreludeSys
    14. Belitsoft
    15. DXC Technology Company
    16. Mphasis

Application Modernization Services Market Analysis

Industry Vertical (BFSI, Healthcare, IT and Telecom, Retail)

BFSI segment in the application modernization services market is estimated to exceed USD 43.97 Billion by the end of 2037. 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 (Large Companies, Small and Medium Sized Companies)

In application modernization services market, large companies segment is set to reach USD 93.87 Billion by the end of 2037. 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:

          Type

  • Application Portfolio Evaluation
  • Cloud Application Migration
  • Application Replatforming
  • Application Integration
  • UI Modernization

          Organization Size

  • Large Companies
  • Small & Medium Sized Companies

          Industry Vertical

  • BFSI
  • Healthcare
  • IT & Telecom
  • Retail
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Verma


  • Report ID: 6110
  • Published Date: Jun 03, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growth of this market can be attributed on the back of increasing cloud computing integration and growing collaboration and partnership among the market players.

The market size of application modernization services is anticipated to attain a CAGR of 16.60% over the forecast period, i.e., 2025-2037.

The major players in the market are International Business Machines Corporation, Capgemini, Cognizant Technology Solutions Corp, HCL Technologies Limited, ScienceSoft USA Corporation, Rocket Software, Damco Group, and others.

The large companies segment is anticipated to garner the largest market size by the end of 2037 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2037 and provide more business opportunities in the future.
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