Application Modernization Services Industry Research Report 2024

Application Modernization Services Industry Research Report 2024


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.

According to APO Research, The global Application Modernization Services market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of xx% during the forecast period 2024-2030.

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.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Application Modernization Services, 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 Services.

The Application Modernization Services market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Application Modernization Services market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report 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

Application Modernization Services segment by Type
Cobol
ADA
PL/1
RPG
Assembler
PowerBuilder
Others

Application Modernization Services Segment by Application
Emulation
Translation
Business Rules Extraction

Application Modernization Services Segment by Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Application Modernization Services market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Application Modernization Services and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Application Modernization Services.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments 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 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of Application Modernization Services companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including revenue, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.
Chapter 13: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Application Modernization Services by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030)
2.2.2 Cobol
2.2.3 ADA
2.2.4 PL/1
2.2.5 RPG
2.2.6 Assembler
2.2.7 PowerBuilder
2.2.8 Others
2.3 Application Modernization Services by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030)
2.3.2 Emulation
2.3.3 Translation
2.3.4 Business Rules Extraction
2.4 Assumptions and Limitations
3 Application Modernization Services Breakdown Data by Type
3.1 Global Application Modernization Services Historic Market Size by Type (2019-2024)
3.2 Global Application Modernization Services Forecasted Market Size by Type (2025-2030)
4 Application Modernization Services Breakdown Data by Application
4.1 Global Application Modernization Services Historic Market Size by Application (2019-2024)
4.2 Global Application Modernization Services Forecasted Market Size by Application (2019-2024)
5 Global Growth Trends
5.1 Global Application Modernization Services Market Perspective (2019-2030)
5.2 Global Application Modernization Services Growth Trends by Region
5.2.1 Global Application Modernization Services Market Size by Region: 2019 VS 2023 VS 2030
5.2.2 Application Modernization Services Historic Market Size by Region (2019-2024)
5.2.3 Application Modernization Services Forecasted Market Size by Region (2025-2030)
5.3 Application Modernization Services Market Dynamics
5.3.1 Application Modernization Services Industry Trends
5.3.2 Application Modernization Services Market Drivers
5.3.3 Application Modernization Services Market Challenges
5.3.4 Application Modernization Services Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top Application Modernization Services Players by Revenue
6.1.1 Global Top Application Modernization Services Players by Revenue (2019-2024)
6.1.2 Global Application Modernization Services Revenue Market Share by Players (2019-2024)
6.2 Global Application Modernization Services Industry Players Ranking, 2022 VS 2023 VS 2024
6.3 Global Key Players of Application Modernization Services Head office and Area Served
6.4 Global Application Modernization Services Players, Product Type & Application
6.5 Global Application Modernization Services Players, Date of Enter into This Industry
6.6 Global Application Modernization Services Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America Application Modernization Services Market Size (2019-2030)
7.2 North America Application Modernization Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 North America Application Modernization Services Market Size by Country (2019-2024)
7.4 North America Application Modernization Services Market Size by Country (2025-2030)
7.5 United States
7.6 Canada
8 Europe
8.1 Europe Application Modernization Services Market Size (2019-2030)
8.2 Europe Application Modernization Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Europe Application Modernization Services Market Size by Country (2019-2024)
8.4 Europe Application Modernization Services Market Size by Country (2025-2030)
8.5 Germany
8.6 France
8.7 U.K.
8.8 Italy
8.9 Russia
8.10 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific Application Modernization Services Market Size (2019-2030)
9.2 Asia-Pacific Application Modernization Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Asia-Pacific Application Modernization Services Market Size by Country (2019-2024)
9.4 Asia-Pacific Application Modernization Services Market Size by Country (2025-2030)
9.5 China
9.6 Japan
9.7 South Korea
9.8 Southeast Asia
9.9 India
9.10 Australia
10 Latin America
10.1 Latin America Application Modernization Services Market Size (2019-2030)
10.2 Latin America Application Modernization Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Latin America Application Modernization Services Market Size by Country (2019-2024)
10.4 Latin America Application Modernization Services Market Size by Country (2025-2030)
10.5 Mexico
10.6 Brazil
11 Middle East & Africa
11.1 Middle East & Africa Application Modernization Services Market Size (2019-2030)
11.2 Middle East & Africa Application Modernization Services Market Growth Rate by Country: 2019 VS 2023 VS 2030
11.3 Middle East & Africa Application Modernization Services Market Size by Country (2019-2024)
11.4 Middle East & Africa Application Modernization Services Market Size by Country (2025-2030)
11.5 Turkey
11.6 Saudi Arabia
11.7 UAE
12 Players Profiled
12.1 Accenture
12.1.1 Accenture Company Information
12.1.2 Accenture Business Overview
12.1.3 Accenture Revenue in Application Modernization Services Business (2019-2024)
12.1.4 Accenture Application Modernization Services Product Portfolio
12.1.5 Accenture Recent Developments
12.2 Atos
12.2.1 Atos Company Information
12.2.2 Atos Business Overview
12.2.3 Atos Revenue in Application Modernization Services Business (2019-2024)
12.2.4 Atos Application Modernization Services Product Portfolio
12.2.5 Atos Recent Developments
12.3 Bell Integrator
12.3.1 Bell Integrator Company Information
12.3.2 Bell Integrator Business Overview
12.3.3 Bell Integrator Revenue in Application Modernization Services Business (2019-2024)
12.3.4 Bell Integrator Application Modernization Services Product Portfolio
12.3.5 Bell Integrator Recent Developments
12.4 Capgemini
12.4.1 Capgemini Company Information
12.4.2 Capgemini Business Overview
12.4.3 Capgemini Revenue in Application Modernization Services Business (2019-2024)
12.4.4 Capgemini Application Modernization Services Product Portfolio
12.4.5 Capgemini Recent Developments
12.5 Cognizant
12.5.1 Cognizant Company Information
12.5.2 Cognizant Business Overview
12.5.3 Cognizant Revenue in Application Modernization Services Business (2019-2024)
12.5.4 Cognizant Application Modernization Services Product Portfolio
12.5.5 Cognizant Recent Developments
12.6 Fujitsu
12.6.1 Fujitsu Company Information
12.6.2 Fujitsu Business Overview
12.6.3 Fujitsu Revenue in Application Modernization Services Business (2019-2024)
12.6.4 Fujitsu Application Modernization Services Product Portfolio
12.6.5 Fujitsu Recent Developments
12.7 HCL
12.7.1 HCL Company Information
12.7.2 HCL Business Overview
12.7.3 HCL Revenue in Application Modernization Services Business (2019-2024)
12.7.4 HCL Application Modernization Services Product Portfolio
12.7.5 HCL Recent Developments
12.8 IBM
12.8.1 IBM Company Information
12.8.2 IBM Business Overview
12.8.3 IBM Revenue in Application Modernization Services Business (2019-2024)
12.8.4 IBM Application Modernization Services Product Portfolio
12.8.5 IBM Recent Developments
12.9 Macrosoft Inc.
12.9.1 Macrosoft Inc. Company Information
12.9.2 Macrosoft Inc. Business Overview
12.9.3 Macrosoft Inc. Revenue in Application Modernization Services Business (2019-2024)
12.9.4 Macrosoft Inc. Application Modernization Services Product Portfolio
12.9.5 Macrosoft Inc. Recent Developments
12.10 Tech Mahindra
12.10.1 Tech Mahindra Company Information
12.10.2 Tech Mahindra Business Overview
12.10.3 Tech Mahindra Revenue in Application Modernization Services Business (2019-2024)
12.10.4 Tech Mahindra Application Modernization Services Product Portfolio
12.10.5 Tech Mahindra Recent Developments
12.11 TCS
12.11.1 TCS Company Information
12.11.2 TCS Business Overview
12.11.3 TCS Revenue in Application Modernization Services Business (2019-2024)
12.11.4 TCS Application Modernization Services Product Portfolio
12.11.5 TCS Recent Developments
12.12 Wipro
12.12.1 Wipro Company Information
12.12.2 Wipro Business Overview
12.12.3 Wipro Revenue in Application Modernization Services Business (2019-2024)
12.12.4 Wipro Application Modernization Services Product Portfolio
12.12.5 Wipro Recent Developments
12.13 Infosys
12.13.1 Infosys Company Information
12.13.2 Infosys Business Overview
12.13.3 Infosys Revenue in Application Modernization Services Business (2019-2024)
12.13.4 Infosys Application Modernization Services Product Portfolio
12.13.5 Infosys Recent Developments
12.14 DXC
12.14.1 DXC Company Information
12.14.2 DXC Business Overview
12.14.3 DXC Revenue in Application Modernization Services Business (2019-2024)
12.14.4 DXC Application Modernization Services Product Portfolio
12.14.5 DXC Recent Developments
12.15 Blu Age
12.15.1 Blu Age Company Information
12.15.2 Blu Age Business Overview
12.15.3 Blu Age Revenue in Application Modernization Services Business (2019-2024)
12.15.4 Blu Age Application Modernization Services Product Portfolio
12.15.5 Blu Age Recent Developments
12.16 TSRI
12.16.1 TSRI Company Information
12.16.2 TSRI Business Overview
12.16.3 TSRI Revenue in Application Modernization Services Business (2019-2024)
12.16.4 TSRI Application Modernization Services Product Portfolio
12.16.5 TSRI Recent Developments
12.17 Modern Systems
12.17.1 Modern Systems Company Information
12.17.2 Modern Systems Business Overview
12.17.3 Modern Systems Revenue in Application Modernization Services Business (2019-2024)
12.17.4 Modern Systems Application Modernization Services Product Portfolio
12.17.5 Modern Systems Recent Developments
12.18 Trinity Millennium
12.18.1 Trinity Millennium Company Information
12.18.2 Trinity Millennium Business Overview
12.18.3 Trinity Millennium Revenue in Application Modernization Services Business (2019-2024)
12.18.4 Trinity Millennium Application Modernization Services Product Portfolio
12.18.5 Trinity Millennium Recent Developments
12.19 Micro Focus
12.19.1 Micro Focus Company Information
12.19.2 Micro Focus Business Overview
12.19.3 Micro Focus Revenue in Application Modernization Services Business (2019-2024)
12.19.4 Micro Focus Application Modernization Services Product Portfolio
12.19.5 Micro Focus Recent Developments
12.20 Software Mining
12.20.1 Software Mining Company Information
12.20.2 Software Mining Business Overview
12.20.3 Software Mining Revenue in Application Modernization Services Business (2019-2024)
12.20.4 Software Mining Application Modernization Services Product Portfolio
12.20.5 Software Mining Recent Developments
12.21 Semantic Designs
12.21.1 Semantic Designs Company Information
12.21.2 Semantic Designs Business Overview
12.21.3 Semantic Designs Revenue in Application Modernization Services Business (2019-2024)
12.21.4 Semantic Designs Application Modernization Services Product Portfolio
12.21.5 Semantic Designs Recent Developments
12.22 Evolveware
12.22.1 Evolveware Company Information
12.22.2 Evolveware Business Overview
12.22.3 Evolveware Revenue in Application Modernization Services Business (2019-2024)
12.22.4 Evolveware Application Modernization Services Product Portfolio
12.22.5 Evolveware Recent Developments
12.23 Mapador
12.23.1 Mapador Company Information
12.23.2 Mapador Business Overview
12.23.3 Mapador Revenue in Application Modernization Services Business (2019-2024)
12.23.4 Mapador Application Modernization Services Product Portfolio
12.23.5 Mapador Recent Developments
12.24 Fresche Solutions Inc.
12.24.1 Fresche Solutions Inc. Company Information
12.24.2 Fresche Solutions Inc. Business Overview
12.24.3 Fresche Solutions Inc. Revenue in Application Modernization Services Business (2019-2024)
12.24.4 Fresche Solutions Inc. Application Modernization Services Product Portfolio
12.24.5 Fresche Solutions Inc. Recent Developments
12.25 Asysco
12.25.1 Asysco Company Information
12.25.2 Asysco Business Overview
12.25.3 Asysco Revenue in Application Modernization Services Business (2019-2024)
12.25.4 Asysco Application Modernization Services Product Portfolio
12.25.5 Asysco Recent Developments
12.26 Expersolve
12.26.1 Expersolve Company Information
12.26.2 Expersolve Business Overview
12.26.3 Expersolve Revenue in Application Modernization Services Business (2019-2024)
12.26.4 Expersolve Application Modernization Services Product Portfolio
12.26.5 Expersolve Recent Developments
12.27 Metaware
12.27.1 Metaware Company Information
12.27.2 Metaware Business Overview
12.27.3 Metaware Revenue in Application Modernization Services Business (2019-2024)
12.27.4 Metaware Application Modernization Services Product Portfolio
12.27.5 Metaware Recent Developments
12.28 MOST Technologies
12.28.1 MOST Technologies Company Information
12.28.2 MOST Technologies Business Overview
12.28.3 MOST Technologies Revenue in Application Modernization Services Business (2019-2024)
12.28.4 MOST Technologies Application Modernization Services Product Portfolio
12.28.5 MOST Technologies Recent Developments
12.29 Freesoft
12.29.1 Freesoft Company Information
12.29.2 Freesoft Business Overview
12.29.3 Freesoft Revenue in Application Modernization Services Business (2019-2024)
12.29.4 Freesoft Application Modernization Services Product Portfolio
12.29.5 Freesoft Recent Developments
12.30 Language Portability Solutions
12.30.1 Language Portability Solutions Company Information
12.30.2 Language Portability Solutions Business Overview
12.30.3 Language Portability Solutions Revenue in Application Modernization Services Business (2019-2024)
12.30.4 Language Portability Solutions Application Modernization Services Product Portfolio
12.30.5 Language Portability Solutions Recent Developments
13 Report Conclusion
14 Disclaimer

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