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    Application Modernization Services Market Trends

    ID: MRFR/ICT/4093-HCR
    100 Pages
    Ankit Gupta
    October 2025

    Application Modernization Services Market Research Report Information By Vertical (Healthcare, IT, Telecommunications, Energy and utilities, Manufacturing and Consumer goods and retail), By Deployment Type (Hybrid cloud, Private cloud and Public cloud), By Application (Post modernization, Application portfolio assignment, UI modernization, Cloud application mitigation, Application integration a...

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    Market Trends

    Introduction

    We delve into the Application Modernization Services market in 2023, it is important to understand the macro-economic factors that have a significant impact on this industry. Among the most important are the rapid technological changes, including the advent of cloud computing, artificial intelligence, and microservices. These changes are changing the way organizations develop and maintain applications. Regulators are demanding greater compliance and security. At the same time, the changing customer behavior requires more agile and more responsive digital solutions. These trends are strategically important for companies because they not only improve the efficiency and cost-effectiveness of operations, but they also play a critical role in improving customer experience and ensuring a competitive advantage in an increasingly digital world.

    Top Trends

    1. Cloud-Native Development
      For the sake of scalability and flexibility, organizations are increasingly adopting cloud-native architectures. For example, government agencies are migrating their legacy systems to the cloud, resulting in a 30% reduction in operating costs. This migration has also enabled them to deliver better services, more quickly. This trend will likely increase the demand for cloud-native skills, which will affect workforce training.
    2. Microservices Architecture
      The transition to microservices is reshaping application development, enabling more efficient and rapid deployment. Some companies, like IBM, have reported that microservices can reduce time to market by as much as 50 percent. This architecture enables organizations to innovate rapidly while reducing the risks associated with major changes. Also, as the microservices trend continues to evolve, automation of the management of microservices will increase, further increasing the operational efficiency of the enterprise.
    3. AI and Machine Learning Integration
      In the process of application modernization, the integration of artificial intelligence and machine learning is becoming indispensable for data-driven decision-making. Artificial intelligence has achieved a 20% improvement in operational efficiency. This trend is driving companies to increase the investment in big data and artificial intelligence, which can provide a more individualized experience for customers. Moreover, as artificial intelligence technology develops, it will undoubtedly play a more important role in the application of modernization, and it will also be a new driver of innovation.
    4. DevOps Adoption
      The use of DevOps practices is increasing. This encourages a closer relationship between the development and operations teams. Implementing DevOps gives an average increase in deployment frequency of 30%. This cultural change is crucial for organisations seeking to improve their agility and responsiveness to market changes. DevOps tools and practices are developing and becoming more and more integrated into application modernisation strategies.
    5. Legacy System Modernization
      In order to improve efficiency and reduce maintenance costs, many companies are still looking to modernize their legacy systems. Often, savings of up to 40% are reported by public authorities after the modernization of outdated systems. This trend is driving the investment in new technologies that can be integrated smoothly into existing structures. In the future, hybrid solutions will probably be increasingly used, which combine modern and legacy systems.
    6. API-First Development
      As companies seek to improve their interoperability and simplify their integrations, the trend towards API-first development is gaining momentum. The companies that have adopted this approach have seen a reduction in integration time of up to 25 per cent. This is particularly relevant in industries such as finance, where the smooth flow of data is of the utmost importance. The growth of the API economy will inevitably lead to a greater emphasis on API management and security in IT modernisation projects.
    7. Low-Code/No-Code Platforms
      Low-code and no-code platforms have democratized the development of applications. These platforms have resulted in a 50 percent reduction in the time required to develop an application. These platforms have facilitated the creation of applications by the business units without requiring the intervention of the IT department. These platforms will further reduce the gap between business requirements and technical capabilities.
    8. Focus on Cybersecurity
      With increasing cyber-threats, application modernization must include strong security measures. IT security incidents are reduced by up to 40 percent for companies that make security a priority in their application modernization projects. This trend is pushing companies to adopt security by design, which ensures that security is integrated throughout the development life cycle. Future developments may lead to an even greater automation of security measures during the modernization process.
    9. Data-Driven Decision Making
      The new emphasis on data-driven decision-making is reshaping application strategies, with organizations focusing on data and analytics for insights. The business value of analytics is substantial: Companies that use data and analytics experience a 20 percent increase in revenue. This trend is driving companies to modernize their data architectures to support real-time analytics. In the near future, as data becomes the most critical element in business strategies, demand for advanced data management solutions will likely increase.
    10. Sustainability in IT
      IT modernization is becoming a major consideration for companies trying to reduce their carbon footprint. Green IT has shown a reduction in energy consumption of 30 percent in some organizations. This is influencing both the choice of technology and the way companies operate. In the future, the drive for IT to be more sustainable will be driven even more by regulatory requirements.

    Conclusion: Navigating the Application Modernization Landscape

    The Application Modernization Services market in 2023 will be characterized by intense competition and significant fragmentation, with the presence of both legacy and emerging players. Regionally, there will be a growing focus on localized solutions, as vendors adapt to the specific requirements and regulatory frameworks of each market. Strategically, the legacy players will be able to exploit their existing customer base and their integration of new capabilities, while the new players will be able to differentiate themselves on the basis of innovation in areas such as automation and artificial intelligence. The strategic imperative for vendors will be to develop capabilities that can sustain, flex and optimize their operations, as these will be critical in determining their future market leadership. As the market evolves, decision-makers will need to be agile, continually re-examining their positioning and investment in the key areas, to ensure that they remain competitive.

    Author
    Ankit Gupta
    Senior Research Analyst

    Ankit Gupta is an analyst in market research industry in ICT and SEMI industry. With post-graduation in "Telecom and Marketing Management" and graduation in "Electronics and Telecommunication" vertical he is well versed with recent development in ICT industry as a whole. Having worked on more than 150+ reports including consultation for fortune 500 companies such as Microsoft and Rio Tinto in identifying solutions with respect to business problems his opinions are inclined towards mixture of technical and managerial aspects.

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    FAQs

    How much is the application modernization services market?

    The market size was expected to be USD 9.8 billion in 2023.

    What is the market size for 2030, for the application modernization services market?

    The global application modernization services market valuation can touch USD 38.7 billion by 2032.

    What is the growth rate of the application modernization services market?

    The market is expected to register a CAGR of 16.5% over the next ten years.

    Which region held the largest market share in the application modernization services market?

    North America held the largest market share in the market.

    Who are the key players in the market?

    Wipro, Virtusa, IBM, Capgemini, Software, Aspire Systems, Oracle, DXC Technology, NTT Data, Accenture are the key players in the market.

    Which vertical led the application modernization services market?

    The telecommunication category led the segment in the market.

    Which cloud category had the largest market share in the application modernization services market?

    The hybrid cloud category had the largest market share in the market.

    Market Summary

    As per MRFR analysis, the Application Modernization Services Market Size was estimated at 11.4 Billion USD in 2024. The Application Modernization Services industry is projected to grow from 13.28 Billion USD in 2025 to 61.28 Billion USD by 2035, exhibiting a compound annual growth rate (CAGR) of 16.52 during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

    The Application Modernization Services market is experiencing robust growth driven by cloud adoption and a focus on security.

    • North America remains the largest market for Application Modernization Services, driven by extensive cloud integration efforts.
    • Asia-Pacific is emerging as the fastest-growing region, with increasing investments in digital transformation initiatives.
    • The healthcare segment leads in market size, while the IT segment is witnessing the fastest growth due to rising demand for agile solutions.
    • Key market drivers include the increased demand for digital transformation and the rise of cloud computing solutions, particularly in hybrid cloud environments.

    Market Size & Forecast

    2024 Market Size 11.4 (USD Billion)
    2035 Market Size 61.28 (USD Billion)
    CAGR (2025 - 2035) 16.52%
    Largest Regional Market Share in 2024 North America

    Major Players

    <p>Microsoft (US), IBM (US), Amazon Web Services (US), Google Cloud (US), Accenture (IE), Deloitte (US), Cognizant (US), Capgemini (FR), Tata Consultancy Services (IN), Infosys (IN)</p>

    Market Trends

    The landscape of Application Modernization Services is evolving rapidly, driven by the need for organizations to enhance operational efficiency and adapt to changing technological environments. As businesses increasingly recognize the importance of agility and innovation, they are turning to modernization strategies that leverage cloud computing, microservices, and automation. This shift not only facilitates the integration of legacy systems with contemporary applications but also fosters a culture of continuous improvement. Consequently, organizations are better positioned to respond to market demands and customer expectations, which appear to be paramount in today's competitive climate. Moreover, the emphasis on security and compliance is becoming more pronounced within Application Modernization Services. Organizations are compelled to ensure that their modernization efforts align with regulatory requirements while safeguarding sensitive data. This dual focus on innovation and security suggests that businesses are not merely seeking to modernize for the sake of modernization; rather, they are pursuing a holistic approach that encompasses both technological advancement and risk management. As a result, the future of Application Modernization Services seems poised for further growth, with an increasing number of enterprises recognizing the value of strategic modernization initiatives.

    Cloud Adoption and Integration

    The trend towards cloud adoption is reshaping Application Modernization Services. Organizations are increasingly migrating their applications to cloud platforms, which allows for greater scalability and flexibility. This transition not only enhances operational efficiency but also enables businesses to leverage advanced technologies such as artificial intelligence and machine learning.

    Focus on Security and Compliance

    As organizations modernize their applications, there is a heightened focus on security and compliance. Businesses are prioritizing the integration of robust security measures within their modernization strategies to protect sensitive data and adhere to regulatory standards. This trend indicates a shift towards a more comprehensive approach to modernization.

    Emphasis on Agile Methodologies

    The adoption of agile methodologies is becoming prevalent in Application Modernization Services. Organizations are increasingly utilizing agile practices to enhance collaboration and accelerate development cycles. This approach allows for quicker responses to market changes and fosters a culture of innovation, which is essential in today's fast-paced environment.

    Application Modernization Services Market Market Drivers

    Focus on Enhanced User Experience

    In the Application Modernization Services Industry, there is a pronounced focus on enhancing user experience. As customer expectations evolve, organizations are compelled to modernize their applications to provide intuitive and seamless interactions. Data suggests that companies prioritizing user experience see a 60 percent increase in customer satisfaction and retention rates. This trend underscores the importance of modernizing applications to incorporate user-centric design principles and advanced functionalities. By leveraging modern technologies, such as responsive design and real-time analytics, businesses can create applications that not only meet but exceed user expectations. This emphasis on user experience is likely to drive further investments in application modernization services, as organizations seek to differentiate themselves in a crowded marketplace.

    Rise of Cloud Computing Solutions

    The Application Modernization Services Industry is significantly influenced by the rise of cloud computing solutions. Organizations are increasingly migrating their applications to cloud environments to capitalize on scalability, flexibility, and cost-effectiveness. Recent statistics indicate that over 80 percent of enterprises are expected to adopt cloud services by 2025, which directly correlates with the demand for application modernization. This shift allows businesses to decommission outdated infrastructure and embrace modern architectures, such as microservices and serverless computing. Consequently, the Application Modernization Services Industry is witnessing a surge in projects aimed at re-architecting applications for cloud compatibility. This transition not only enhances performance but also enables organizations to respond swiftly to market changes, thereby solidifying their competitive edge.

    Integration of Emerging Technologies

    The Application Modernization Services Industry is significantly impacted by the integration of emerging technologies. As organizations seek to harness the potential of technologies such as artificial intelligence, machine learning, and the Internet of Things, the need for modernized applications becomes increasingly apparent. Data indicates that approximately 65 percent of enterprises are investing in application modernization to facilitate the integration of these technologies. This trend reflects a broader shift towards innovation and digital transformation, where legacy systems are often inadequate to support advanced functionalities. By modernizing applications, organizations can leverage these emerging technologies to drive efficiency, enhance decision-making, and create new revenue streams. The Application Modernization Services Industry is thus positioned as a vital enabler of technological advancement, fostering a culture of innovation across various sectors.

    Increased Demand for Digital Transformation

    The Application Modernization Services Industry experiences heightened demand as organizations strive for digital transformation. Companies are increasingly recognizing the necessity to modernize legacy systems to enhance operational efficiency and customer engagement. According to recent data, approximately 70 percent of enterprises are prioritizing digital transformation initiatives, which often necessitate the adoption of application modernization services. This trend is driven by the need to remain competitive in a rapidly evolving market, where agility and responsiveness are paramount. As businesses seek to leverage emerging technologies such as artificial intelligence and machine learning, the Application Modernization Services Industry is poised to play a critical role in facilitating these transitions. The integration of modern applications not only streamlines processes but also fosters innovation, thereby driving growth and sustainability in various sectors.

    Regulatory Compliance and Security Concerns

    The Application Modernization Services Industry is increasingly shaped by regulatory compliance and security concerns. As data protection regulations become more stringent, organizations are compelled to modernize their applications to ensure compliance with laws such as GDPR and CCPA. Recent findings indicate that nearly 75 percent of businesses view compliance as a critical driver for application modernization. This necessity to adhere to regulatory standards often leads to the adoption of modern security protocols and practices, which are integral to the modernization process. Consequently, the Application Modernization Services Industry is witnessing a surge in demand for services that not only modernize applications but also enhance their security posture. This dual focus on compliance and security is likely to remain a key driver in the industry, as organizations strive to protect sensitive data while meeting regulatory requirements.

    Market Segment Insights

    By Vertical: Healthcare (Largest) vs. IT (Fastest-Growing)

    <p>The Application Modernization Services market shows significant variation in market share among different verticals. The Healthcare sector holds the largest portion, largely driven by the need for efficient patient data management and regulatory compliance. Other key verticals, including Telecommunications and Energy, also contribute to market dynamics, but they lag behind healthcare in overall penetration and adoption rates. IT services, while historically robust, are witnessing rapid evolution which facilitates modernized applications across all sectors, particularly fueling the shift toward cloud-based solutions. Growth trends in Application Modernization Services reflect a shift in consumer demands and technological advancements. The Healthcare sector is increasingly focusing on integrated solutions that enhance patient engagement and digital transformation. Meanwhile, the IT vertical is emerging as the fastest-growing segment, driven by the surge in cloud adoption, microservices architecture, and agile development methodologies, positioning companies to respond more swiftly to market changes.</p>

    <p>Healthcare (Dominant) vs. IT (Emerging)</p>

    <p>The Healthcare sector is a dominant player in the Application Modernization Services market due to its pressing need for enhanced efficiency, data management, and compliance with healthcare regulations. This sector prioritizes solutions that facilitate integration of legacy systems with cutting-edge technologies, promoting patient-centric care. In contrast, the IT sector is considered an emerging vertical in this space, experiencing rapid growth propelled by cloud services and a drive towards digital transformation. Companies in the IT sector are focusing on agile methodologies and advanced infrastructure to adapt quickly to the evolving technological landscape, making it a crucial area for modernization efforts.</p>

    By Deployment Mode: Hybrid Cloud (Largest) vs. Private Cloud (Fastest-Growing)

    <p>In the Application Modernization Services market, the deployment mode segment is diversified among hybrid cloud, private cloud, and public cloud solutions. Currently, the hybrid cloud model demonstrates the largest market share, driven by its versatility and ability to optimize resources by blending on-premises and cloud environments. Meanwhile, the private cloud model is witnessing increasing adoption, capitalizing on organizations' demand for enhanced security and compliance, vital for sensitive workloads.</p>

    <p>Hybrid Cloud (Dominant) vs. Private Cloud (Emerging)</p>

    <p>The hybrid cloud stands out as the dominant deployment mode in the Application Modernization Services market, providing a balanced approach that allows businesses to enjoy the scalability of public clouds while retaining critical data on private infrastructures. This flexibility addresses various business needs, ensuring that applications can be moved seamlessly between environments. On the other hand, the private cloud is emerging rapidly, appealing to sectors where security and control are paramount. Organizations are increasingly recognizing the benefits of dedicated resources and customizable configurations, leading to accelerated growth in private cloud solutions.</p>

    By Application: UI Modernization (Largest) vs. Application Integration (Fastest-Growing)

    <p>In the Application Modernization Services market, UI modernization holds the largest share among various segment values, driven by the increasing demand for user-friendly interfaces and enhanced customer experiences. Application integration, on the other hand, is gaining traction as businesses seek to connect their disparate applications seamlessly, allowing for effective data sharing and process efficiency. This dynamic is contributing to the broad market distribution of these services as companies pivot towards optimized digital strategies.</p>

    <p>UI Modernization (Dominant) vs. Application Integration (Emerging)</p>

    <p>UI modernization represents a dominant force in the Application Modernization Services landscape, focusing on improving the visual and interactive aspects of applications to meet contemporary user expectations. It enhances usability and accessibility, thus driving user engagement and satisfaction. Conversely, application integration is identified as an emerging growth area in this sector. It facilitates the connectivity between various applications and data sources, streamlining operations and enhancing overall productivity. Organizations show a growing preference for integrated solutions that foster agility and real-time information accessibility, further solidifying the need for strategies that bridge diverse application frameworks.</p>

    Get more detailed insights about Application Modernization Services Market Research Report-Forecast till 2035

    Regional Insights

    North America : Innovation and Leadership Hub

    North America is the largest market for Application Modernization Services, holding approximately 45% of the global market share. The region's growth is driven by rapid technological advancements, increasing cloud adoption, and a strong focus on digital transformation. Regulatory support for innovation and data security further catalyzes demand, making it a fertile ground for modernization initiatives. The competitive landscape is robust, with key players like Microsoft, IBM, and Amazon Web Services leading the charge. The United States is the primary contributor, followed by Canada, which is also witnessing significant investments in modernization services. The presence of major tech firms and a skilled workforce enhances the region's capability to deliver cutting-edge solutions.

    Europe : Emerging Market with Regulations

    Europe is the second-largest market for Application Modernization Services, accounting for around 30% of the global market share. The region's growth is fueled by stringent regulations on data protection and a strong push towards digital transformation across various sectors. Countries are increasingly investing in modernization to comply with regulations like GDPR, which drives demand for innovative solutions. Leading countries include Germany, the UK, and France, where major players like Accenture and Capgemini are actively involved. The competitive landscape is characterized by a mix of local and international firms, all vying for market share. The European market is also seeing a rise in partnerships and collaborations aimed at enhancing service offerings and meeting regulatory requirements.

    Asia-Pacific : Rapid Growth and Adoption

    Asia-Pacific is witnessing rapid growth in Application Modernization Services, holding about 20% of the global market share. The region's demand is driven by increasing digitalization, a growing number of startups, and government initiatives promoting technology adoption. Countries like India and China are at the forefront, with significant investments in cloud infrastructure and modernization services, supported by favorable regulations. India is emerging as a key player, with companies like Tata Consultancy Services and Infosys leading the market. The competitive landscape is diverse, featuring both established firms and new entrants. The region's focus on innovation and technology adoption is expected to further accelerate growth in the coming years, making it a vital area for modernization services.

    Middle East and Africa : Resource-Rich with Potential

    The Middle East and Africa represent a growing market for Application Modernization Services, accounting for approximately 5% of the global market share. The region's growth is driven by increasing investments in technology and infrastructure, alongside a rising demand for digital transformation across various sectors. Governments are actively promoting modernization initiatives to enhance economic diversification and competitiveness. Leading countries include South Africa and the UAE, where there is a burgeoning tech ecosystem. The competitive landscape is evolving, with both local and international players entering the market. The presence of key firms is gradually increasing, and as the region continues to invest in technology, the potential for growth in modernization services is significant.

    Key Players and Competitive Insights

    Major market players are spending a lot on R&D to increase their product lines, which will help the application modernization services industry grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, market developments and collaboration with other organizations. Competitors in the industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market industry.

    One of the primary business strategies manufacturers adopt in the application modernization services industry to benefit clients and expand the sector is manufacturing locally to reduce operating costs. In recent years, application modernization services industry has provided medicine with some of the most significant benefits. The application modernization services market major player such as Wipro, Virtusa, IBM, Capgemini, Software, Aspire Systems, Oracle, DXC Technology, NTT Data, Accenture, HCL, Bell Integrator, Dell, Cognizant, Blu Age and Fujitsu.

    An American multinational provider of consulting and IT services is Cognizant. Its main office is in Teaneck, New Jersey, in the US. In 1994, Dun & Bradstreet established it as an internal technology division. In 1996, it began providing services to outside clients. In February 2020, Cognizant collaborated with CECONY to update its legacy IT platform, technological infrastructure, and applications in order to increase operational effectiveness, provide better agility, and enhance the customer experience at its US locations in New York and the surrounding areas.

    The Austin, Texas-based Oracle Corporation is a multinational American company that specialises in computer technology. According to sales and market capitalization, Oracle was the third-largest software firm in the world in 2020. The company sells enterprise software products like enterprise resource planning (ERP) software, human capital management (HCM) software, customer relationship management (CRM) software (also known as customer experience), enterprise performance management (EPM) software, and supply chain management (SCM) software, as well as database software and technology (especially under its own brands).

    Key Companies in the Application Modernization Services Market market include

    Industry Developments

    • Q2 2024: Infosys and ServiceNow Expand Strategic Partnership to Accelerate Enterprise Modernization Infosys and ServiceNow announced an expanded partnership to help enterprises accelerate their digital transformation and application modernization initiatives, focusing on cloud migration and workflow automation.
    • Q2 2024: IBM Launches New Application Modernization Center in Dallas IBM opened a new Application Modernization Center in Dallas, Texas, aimed at supporting clients in modernizing legacy applications and accelerating cloud adoption.
    • Q3 2024: Accenture Acquires Cloudworks to Boost Application Modernization Capabilities Accenture acquired Cloudworks, a Canadian cloud advisory and technology services provider, to strengthen its application modernization and cloud migration services.
    • Q3 2024: Cognizant Announces Partnership with Google Cloud to Accelerate Application Modernization Cognizant and Google Cloud entered a partnership to help enterprises modernize legacy applications and adopt cloud-native technologies, leveraging Google Cloud’s AI and analytics capabilities.
    • Q4 2024: vFunction Raises $26M Series B to Expand Application Modernization Platform vFunction, a startup specializing in application modernization, raised $26 million in Series B funding to accelerate product development and expand its go-to-market efforts.
    • Q4 2024: HCLTech Launches Application Modernization Studio in London HCLTech inaugurated a new Application Modernization Studio in London to provide clients with advanced tools and expertise for legacy system transformation and cloud migration.
    • Q1 2025: Capgemini and Microsoft Deepen Collaboration to Drive Application Modernization Capgemini and Microsoft announced an expanded collaboration to deliver application modernization services, focusing on cloud-native development and AI integration for enterprise clients.
    • Q1 2025: Wipro Appoints New Head of Application Modernization Services Wipro appointed a new global head for its Application Modernization Services division, aiming to strengthen its leadership and accelerate growth in the sector.
    • Q2 2025: Tata Consultancy Services Wins $100M Application Modernization Contract from European Bank Tata Consultancy Services (TCS) secured a $100 million contract to modernize core banking applications for a major European financial institution.
    • Q2 2025: AWS Launches New Application Modernization Accelerator Program Amazon Web Services (AWS) launched a new accelerator program to support startups and enterprises in modernizing legacy applications and adopting cloud-native architectures.
    • Q3 2025: Persistent Systems Acquires ModernizeIT to Expand Application Modernization Portfolio Persistent Systems acquired ModernizeIT, a boutique application modernization firm, to enhance its service offerings and strengthen its position in the global market.
    • Q3 2025: DXC Technology Opens Application Modernization Innovation Hub in Singapore DXC Technology opened a new innovation hub in Singapore dedicated to application modernization, providing clients with access to advanced modernization tools and expertise.

    Future Outlook

    Application Modernization Services Market Future Outlook

    <p>The Application Modernization Services market is projected to grow at a 16.52% CAGR from 2024 to 2035, driven by cloud adoption, digital transformation, and the need for enhanced operational efficiency.</p>

    New opportunities lie in:

    • <p>Integration of AI-driven analytics for predictive maintenance</p>
    • <p>Development of microservices architecture for scalability</p>
    • <p>Implementation of low-code platforms to accelerate modernization efforts</p>

    <p>By 2035, the market is expected to be robust, reflecting substantial growth and innovation.</p>

    Market Segmentation

    Application Modernization Services Regional Outlook (USD Billion, 2018-2030)

    • {""=>["US"
    • "Canada"]}
    • {""=>["Germany"
    • "France"
    • "UK"
    • "Italy"
    • "Spain"
    • "Rest of Europe"]}
    • {""=>["China"
    • "Japan"
    • "India"
    • "Australia"
    • "South Korea"
    • "Rest of Asia-Pacific"]}
    • {""=>["Middle East"
    • "Africa"
    • "Latin America"]}

    Application Modernization Services Vertical Outlook (USD Billion, 2018-2030)

    • Healthcare
    • IT
    • Telecommunication
    • Energy and utilities
    • Manufacturing
    • Consumer goods and Retail

    Application Modernization Services Application Outlook (USD Billion, 2018-2030)

    • Post Modernization
    • Application Portfolio Assignment
    • UI Modernization
    • Cloud Application Mitigation
    • Application Integration
    • Application Re-platforming

    Application Modernization Services Deployment Type Outlook (USD Billion, 2018-2030)

    • Hybrid Cloud
    • Private Cloud
    • Public Cloud

    Report Scope

    MARKET SIZE 202411.4(USD Billion)
    MARKET SIZE 202513.28(USD Billion)
    MARKET SIZE 203561.28(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)16.52% for 2024 - 2035
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Billion
    Key Companies ProfiledMarket analysis in progress
    Segments CoveredMarket segmentation analysis in progress
    Key Market OpportunitiesIntegration of cloud-native architectures enhances scalability and efficiency in Application Modernization Services.
    Key Market DynamicsRising demand for cloud-native applications drives competition and innovation in Application Modernization Services.
    Countries CoveredNorth America, Europe, APAC, South America, MEA

    FAQs

    How much is the application modernization services market?

    The market size was expected to be USD 9.8 billion in 2023.

    What is the market size for 2030, for the application modernization services market?

    The global application modernization services market valuation can touch USD 38.7 billion by 2032.

    What is the growth rate of the application modernization services market?

    The market is expected to register a CAGR of 16.5% over the next ten years.

    Which region held the largest market share in the application modernization services market?

    North America held the largest market share in the market.

    Who are the key players in the market?

    Wipro, Virtusa, IBM, Capgemini, Software, Aspire Systems, Oracle, DXC Technology, NTT Data, Accenture are the key players in the market.

    Which vertical led the application modernization services market?

    The telecommunication category led the segment in the market.

    Which cloud category had the largest market share in the application modernization services market?

    The hybrid cloud category had the largest market share in the market.

    1. Executive Summary
    2. Scope of the Report
      1. Market Definition
      2. Scope of the Study
        1. Research Objectives
        2. Assumptions & Limitations
      3. Markets Structure
    3. Market Research Methodology
      1. Research Process
      2. Secondary Research
      3. Primary Research
      4. Forecast Model
    4. Market Landscape
      1. Porter’s Five Forces Analysis
        1. Threat of New Entrants
        2. Bargaining power of buyers
        3. Threat of substitutes
        4. Segment rivalry
      2. Value Chain/Supply Chain of Global Application Modernization Services Market
    5. Industry Vertical Overview of Global Application Modernization Services Market
      1. Introduction
      2. Growth Drivers
      3. Impact analysis
      4. Market Challenges
    6. Market Trends
      1. Introduction
      2. Growth Trends
      3. Impact analysis
    7. Global Application Modernization Services Market by Type
      1. Introduction
      2. Cloud Application Migration
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      3. Application Replatforming
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      4. Application Integration
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      5. User Interface Modernization
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      6. Post Modernization
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      7. Application Portfolio Assessment
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
    8. Global Application Modernization Services Market by Organization Size
      1. Introduction
      2. Small and Medium Enterprise
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      3. Large Enterprise
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
    9. Global Application Modernization Services Market by Industry Vertical
      1. Introduction
      2. Retail
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      3. Media & Entertainment
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      4. Healthcare
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      5. Banking and Financial Services
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      6. Government
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
      7. IT & Telecom
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Region, 2020-2027
    10. Global Application Modernization Services Market by Region
      1. Introduction
      2. North America
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Type, 2020-2027
        3. Market Estimates & Forecast by Organization Size, 2020-2027
        4. Market Estimates & Forecast by Industry Vertical, 2020-2027
        5. U.S.
        6. Mexico
        7. Canada
      3. Europe
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Type, 2020-2027
        3. Market Estimates & Forecast by Organization Size, 2020-2027
        4. Market Estimates & Forecast by Industry Vertical, 2020-2027
        5. Germany
        6. France
        7. U.K
      4. Asia Pacific
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Type, 2020-2027
        3. Market Estimates & Forecast by Organization Size, 2020-2027
        4. Market Estimates & Forecast by Industry Vertical, 2020-2027
        5. China
        6. India
        7. Japan
        8. Rest of Asia Pacific
      5. Rest of the World
        1. Market Estimates & Forecast, 2020-2027
        2. Market Estimates & Forecast by Type, 2020-2027
        3. Market Estimates & Forecast by Organization Size, 2020-2027
        4. Market Estimates & Forecast by Industry Vertical, 2020-2027
        5. The Middle East & Africa
        6. Latin Countries
    11. Company Landscape
    12. Company Profiles
      1. Accenture PLC (Ireland)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      2. Infosys Limited (India)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      3. HCL Technologies Limited (India)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      4. Sensiple (U.S.)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      5. Nous Infosystems Pvt. Ltd (India)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      6. DXC Technology Company (U.S.)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      7. Happiest Minds Technologies (India)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      8. Syntel, Inc (U.S.)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      9. Fujitsu Ltd (Japan)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      10. Avanade Inc. (U.S.)
        1. Company Overview
        2. Type/Business Segment Overview
        3. Financial Updates
        4. Key Developments
      11. Others
    13. Conclusion
    14. LIST OF TABLES
      1. Table1 World Population by Major Regions (2020 To 2030)
      2. Table2 Global Application Modernization Services Market: By Region, 2020-2027
      3. Table3 North America Application Modernization Services Market: By Country, 2020-2027
      4. Table4 Europe Application Modernization Services Market: By Country, 2020-2027
      5. Table5 Asia Pacific Application Modernization Services Market: By Country, 2020-2027
      6. Table6 The Middle East & Africa Application Modernization Services Market: By Country, 2020-2027
      7. Table7 Latin America Application Modernization Services Market: By Country, 2020-2027
      8. Table8 Global Application Modernization Services by Type Market: By Regions, 2020-2027
      9. Table9 North America Application Modernization Services by Type Market: By Country, 2020-2027
      10. Table10 Europe Application Modernization Services by Type Market: By Country, 2020-2027
      11. Table11 Asia Pacific Application Modernization Services by Type Market: By Country, 2020-2027
      12. Table12 The Middle East & Africa Application Modernization Services by Type Market: By Country, 2020-2027
      13. Table13 Latin America Application Modernization Services by Type Market: By Country, 2020-2027
      14. Table14 Global Application Modernization Services by Industry Vertical Market: By Regions, 2020-2027
      15. Table15 North America Application Modernization Services by Industry Vertical Market: By Country, 2020-2027
      16. Table16 Europe Application Modernization Services by Industry Vertical Market: By Country, 2020-2027
      17. Table17 Asia Pacific Application Modernization Services by Industry Vertical Market: By Country, 2020-2027
      18. Table18 The Middle East & Africa Application Modernization Services by Industry Vertical Market: By Country, 2020-2027
      19. Table19 Latin America Application Modernization Services by Industry Vertical Market: By Country, 2020-2027
      20. Table20 North America Application Modernization Services for Industry Vertical Market: By Country, 2020-2027
      21. Table21 Europe Application Modernization Services for Industry Vertical Market: By Country, 2020-2027
      22. Table22 Asia Pacific Application Modernization Services for Industry Vertical Market: By Country, 2020-2027
      23. Table23 The Middle East & Africa Application Modernization Services for Industry Vertical Market: By Country, 2020-2027
      24. Table24 Global Type Market: By Region, 2020-2027
      25. Table25 Global Industry Vertical Market: By Region, 2020-2027
      26. Table26 Global Industry Vertical Market: By Region, 2020-2027
    15. Table27 North America Application Modernization Services Market, By Country
    16. Table28 North America Application Modernization Services Market, By Type
    17. Table29 North America Application Modernization Services Market, By Organization Size
    18. Table30 Europe: Application Modernization Services Market, By Organization Size
    19. Table31 Europe: Application Modernization Services Market, By Type
    20. Table32 Asia Pacific: Application Modernization Services Market, By Country
    21. Table33 Asia Pacific: Application Modernization Services Market, By Type
    22. Table34 Asia Pacific: Application Modernization Services Market, By Organization Size
    23. Table35 The Middle East & Africa: Application Modernization Services Market, By Country
    24. Table36 The Middle East & Africa Application Modernization Services Market, By Type
    25. Table37 The Middle East & Africa Application Modernization Services Market, By Organization Size
    26. Table38 Latin America: Application Modernization Services Market, By Country
    27. Table39 Latin America Application Modernization Services Market, By Type
    28. Table40 Latin America Application Modernization Services Market, By Organization Size
    29. Table41 Latin America: Application Modernization Services Market, By Industry Vertical
    30. LIST OF FIGURES
    31. Global Application Modernization Services market segmentation
    32. Forecast Methodology
    33. Five Forces Analysis of Global Application Modernization Services Market
    34. Value Chain of Global Application Modernization Services Market
    35. Share of Global Application Modernization Services Market in 2020, by country (in %)
    36. Global Application Modernization Services Market, 2020-2027,
    37. Sub segments of Type
    38. Global Application Modernization Services Market size by Type, 2020
    39. Share of Global Application Modernization Services Market by Type, 2020-2027
    40. Global Application Modernization Services Market size by Organization Size, 2020
    41. Share of Global Application Modernization Services Market by Organization Size, 2020-2027
    42. Global Application Modernization Services Market size by Industry Vertical, 2020
    43. Share of Global Application Modernization Services Market by Industry Vertical, 2020-2027
      1. "

    Application Modernization Services Market Segmentation

    Application Modernization Services Vertical Outlook (USD Billion, 2018-2030)

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Application Modernization Services Deployment Type Outlook (USD Billion, 2018-2030)

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Application Modernization Services Application Outlook (USD Billion, 2018-2030)

    Post Modernisation

    Application Portfolio Assignment

    UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Application Modernization Services Regional Outlook (USD Billion, 2018-2030)

    North America Outlook (USD Billion, 2018-2030)

    North America Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    North America Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    North America Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    US Outlook (USD Billion, 2018-2030)

    US Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    US Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    US Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Canada Outlook (USD Billion, 2018-2030)

    Canada Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Canada Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Canada Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application

    Mitigation Application Integration

    Application Re-platforming

    Europe Outlook (USD Billion, 2018-2030)

    Europe Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Europe Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Europe Application Modernization Services by Application

    Post Modernisation

    Application Portfolio Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Germany Outlook (USD Billion, 2018-2030)

    Germany Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Germany Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Germany Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    France Outlook (USD Billion, 2018-2030)

    France Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    France Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    France Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    UK Outlook (USD Billion, 2018-2030)

    UK Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    UK Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    UK Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Italy Outlook (USD Billion, 2018-2030)

    Italy Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Italy Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Italy Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Spain Outlook (USD Billion, 2018-2030)

    Spain Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Spain Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Spain Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Rest Of Europe Outlook (USD Billion, 2018-2030)

    Rest Of Europe Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Rest Of Europe Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Rest Of Europe Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Asia-Pacific Outlook (USD Billion, 2018-2030)

    Asia-Pacific Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Asia-Pacific Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Asia-Pacific Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    China Outlook (USD Billion, 2018-2030)

    China Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    China Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    China Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Japan Outlook (USD Billion, 2018-2030)

    Japan Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing Consumer goods and Retail

    Japan Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Japan Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    India Outlook (USD Billion, 2018-2030)

    India Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    India Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    India Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Australia Outlook (USD Billion, 2018-2030)

    Australia Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Australia Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Australia Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Rest of Asia-Pacific Outlook (USD Billion, 2018-2030)

    Rest of Asia-Pacific Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Rest of Asia-Pacific Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Rest of Asia-Pacific Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Rest of the World Outlook (USD Billion, 2018-2030)

    Rest of the World Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Rest of the World Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Rest of the World Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Middle East Outlook (USD Billion, 2018-2030)

    Middle East Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Middle East Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Middle East Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Africa Outlook (USD Billion, 2018-2030)

    Africa Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Africa Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Africa Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Latin America Outlook (USD Billion, 2018-2030)

    Latin America Application Modernization Services by Vertical

    Healthcare

    IT

    Telecommunication

    Energy and utilities

    Manufacturing

    Consumer goods and Retail

    Latin America Application Modernization Services by Deployment Type

    Hybrid Cloud

    Private Cloud

    Public Cloud

    Latin America Application Modernization Services by Application

    Post Modernisation

    Application Portfolio

    Assignment UI Modernisation

    Cloud Application Mitigation

    Application Integration

    Application Re-platforming

    Infographic

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