Global IT Modernization Service Market Insights, Forecast to 2031

The global IT Modernization Service market is projected to grow from US$ 30.73 billion in 2024 to US$ 64.71 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 11.38% during the forecast period.

The US & Canada market for IT Modernization Service is estimated to increase from $ 11.26 billion in 2024 to reach $ 25.26 billion by 2031, at a CAGR of 12.42% during the forecast period of 2025 through 2031.

The China market for IT Modernization Service is estimated to increase from $ 1.80 billion in 2024 to reach $ 4.06 billion by 2031, at a CAGR of 12.22% during the forecast period of 2025 through 2031.

The Europe market for IT Modernization Service is estimated to increase from $ 9.80 billion in 2024 to reach $ $ 20.20 billion by 2031, at a CAGR of 11.20% during the forecast period of 2025 through 2031.

The global key companies of IT Modernization Service include IBM, HPE, Leidos, Fujitsu, Deloitte, AWS, CGI, Accenture, and Cognizant, etc. In 2024, the global top five players had a share approximately 20.29% in terms of revenue.

Report Includes

This report presents an overview of global market for IT Modernization Service market size. Analyses of the global market trends, with historic market revenue data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.

This report researches the key producers of IT Modernization Service, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for IT Modernization Service, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the IT Modernization Service revenue, market share and industry ranking of main companies, data from 2020 to 2024. Identification of the major stakeholders in the global IT Modernization Service market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2020 to 2031. Evaluation and forecast the market size for IT Modernization Service revenue, projected growth trends, production technology, application and end-user industry.

Descriptive company profiles of the major global players, including IBM, HPE, Leidos, Fujitsu, Deloitte, AWS, CGI, Accenture, and Cognizant, etc.

Market Segmentation

By Company

• IBM
• HPE
• Leidos
• Fujitsu
• Deloitte
• AWS
• CGI
• Accenture
• Cognizant
• NTT DATA
• Infosys
• DXC Technology
• Atos
• PwC
• TCS
• HCL Technologies
• Maximus
• Capgemini
• RSM
• Wipro
• UST
• Tech Mahindra
• Innova Solutions
• EPAM
• Mphasis
• IGT Solutions

Segment by Type

• Application Modernization
• Infrastructure Modernization
• Data Modernization
• Business Process Modernization

Segment by Application

• Government
• BFSI
• Manufacturing
• Telecom and Media
• Healthcare
• Others

By Region

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• South Korea
• Southeast Asia
• India
• Australia
• Rest of Asia
• Europe
• Germany
• UK
• France
• Russia
• Italy
• Rest of Europe
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Middle East
• Africa

Chapter Outline

Chapter 1: 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 2: Revenue of IT Modernization Service in global and regional 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, and capacity of each country in the world. 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 3: Detailed analysis of IT Modernization Service companies’ competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, 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 revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.

Chapter 7: Europe by Type, by Application and by country, revenue for each segment.

Chapter 8: Asia-Pacific by Type, and by Application, revenue for each segment.

Chapter 9: Latin America by Type, by Application and by region, revenue for each segment.

Chapter 10: Middle East & Africa by Type, by Application and by country, revenue for each segment.

Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, IT Modernization Service revenue, gross margin, and recent development, etc.

Chapter 12: Analyst's Viewpoints/Conclusions