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Application Modernization Services Market by Service (Application Portfolio Assessment, Cloud Application Migration, Application Replatforming, Application Integration, UI Modernization), Organization Size, Vertical, and Region - Global Forecast to 2022

Application Modernization Services Market by Service (Application Portfolio Assessment, Cloud Application Migration, Application Replatforming, Application Integration, UI Modernization), Organization Size, Vertical, and Region - Global Forecast to 2022

The application modernization services market is projected to grow at a CAGR of 19.4% during the forecast period
The application modernization services market size is expected to grow from USD 6.87 billion in 2017 to USD 16.67 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period. The major driver for the upsurge in demand for the application modernization services market is the adoption of cloud computing in the application modernization strategy. The major restraining factor is the large investments made on legacy systems, which have delayed the application modernization plans.

Manufacturing vertical is expected to grow at the fastest rate during the forecast period
The manufacturing vertical is expected to witness the highest growth rate during the forecast period, owing to the need of improving the operational process, reducing the cost, and rolling out products in a quick time frame, further eliminating the location barriers. In addition, there is high penetration of advance technologies, such as cloud computing, big data and analytics, mobility, and artificial intelligence, which are transforming the manufacturing vertical.

Large enterprises segment is expected to hold the largest market share during the forecast period
The large enterprises segment is expected to hold the largest market share during the forecast period, owing to the need to reduce the high Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). Large enterprises have dedicated in-house IT resources, and with large IT budgets, they can consider a variety of application modernization strategies. In addition, they have a global presence, high market share, technical expertise, and an effective business strategy.

APAC is expected to grow at the fastest rate during the forecast period
As per the geographic analysis, the Asia Pacific (APAC) region is expected to witness the fastest growth in the application modernization services market, due to increased spending on improving the infrastructure, and the growing adoption of big data and cloud computing technologies. North America is expected to hold the largest market share during the forecast period, owing to the early adoption of application modernization services technology and high penetration of advance cloud technologies.

The break-up profiles of the primary discussion participants are given below:

• By Company Type: Tier 1 (45%), Tier 2 (35%), and Tier 3 (20%)
• By Designation: C-Level (50%), Director Level (30%), and Manager Level (20%)
• By Region: North America (40%), Europe (30%), APAC (20%), and RoW (10%)

The key application modernization services market vendors profiled in the report are as follows:
1. Accenture (Republic of Ireland)
2. Asysco (Netherlands)
3. Atos (France)
4. Bell Integrator (US)
5. Capgemini (France)
6. Cognizant (US)
7. Fujitsu (Japan)
8. HCL (India)
9. IBM (US)
10. Macrosoft Inc. (US)
11. Micro Focus (UK)
12. Oracle (US)
13. Tech Mahindra (India)
14. UST Global (US)

Research Coverage
The global application modernization services market has been segmented on the basis of services, organization sizes, verticals, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions. In addition to this, the strength of service portfolio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report
The report will help the market leaders/new entrants in the application modernization services market in the following ways:
1. The report segments the application modernization services market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps the stakeholders understand the competitors and gain more insights to better their position in the market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2014-2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE APPLICATION MODERNIZATION SERVICES MARKET
    • APPLICATION MODERNIZATION SERVICES MARKET SNAPSHOT, BY REGION (2017 VS. 2022)
    • APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE (2017 VS. 2022)
    • APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL (2017 VS. 2022)
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • USE CASES
      • Table APPLICATION MODERNIZATION SERVICES MARKET: USE CASES
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • APPLICATION MODERNIZATION SERVICES MARKET ANALYSIS, BY SERVICE
    • INTRODUCTION
      • Table SERVICES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY TYPE, 2015-2022 (USD MILLION)
    • APPLICATION PORTFOLIO ASSESSMENT
      • Table APPLICATION PORTFOLIO ASSESSMENT MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • CLOUD APPLICATION MIGRATION
      • Table CLOUD APPLICATION MIGRATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • APPLICATION REPLATFORMING
      • Table APPLICATION REPLATFORMING MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • APPLICATION INTEGRATION
      • Table APPLICATION INTEGRATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • UI MODERNIZATION
      • Table UI MODERNIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • POST-MODERNIZATION
      • Table POST-MODERNIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • APPLICATION MODERNIZATION SERVICES MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • APPLICATION MODERNIZATION SERVICES MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • HEALTHCARE
      • Table HEALTHCARE: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • IT AND TELECOM
      • Table IT AND TELECOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • RETAIL
      • Table RETAIL: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • GOVERNMENT
      • Table GOVERNMENT: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MANUFACTURING
      • Table MANUFACTURING: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHER VERTICALS MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • MARKET RAKING ANALYSIS
      • Table MARKET RANKING BY COMPANY, 2017
  • COMPANY PROFILES
    • ACCENTURE
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ASYSCO
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ATOS
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • BELL INTEGRATOR
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • CAPGEMINI
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • COGNIZANT
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • FUJITSU
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • HCL
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • IBM
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MACROSOFT INC.
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • MICRO FOCUS
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ORACLE
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • TECH MAHINDRA
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • UST GLOBAL
      • OVERVIEW
      • STRENGTH OF SERVICE PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

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