2026 Global: Application Modernization Services Market-Competitive Review (2032) report
Description
The 2026 Global: Application Modernization Services Market-Competitive Review (2031) report features the global market size and projected growth/decline data for the period 2021 through 2032. The report primarily provides an examination of the business strategies for the ten largest global companies in the market and how their strategies differ.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for application modernization services market by geography and historical trend. The scope of the report extends to sizing of the application modernization services market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
Accenture, IBM, Cognizant, Tata Consultancy Services (TCS), Capgemini, Infosys, HCL Technologies, Microsoft, Amazon Web Services (AWS), and Deloitte are widely recognized as ten major companies competing in the Application Modernization Services market. Accenture combines large-scale consulting with automated code transformation, microservices and DevSecOps, and platform tools such as myNav to plan and simulate migrations for minimal disruption. IBM leverages deep enterprise systems expertise, Red Hat OpenShift and AI-enabled tooling for mainframe and hybrid-cloud modernization, emphasizing compliance and container orchestration for regulated industries. Cognizant offers structured, data-informed modernization via its Modernization Factory and focuses on legacy decomposition, API enablement, cloud‑native development and low‑code transformation to improve agility and business alignment. TCS brings massive delivery scale and automation through its Machine First™ Delivery Model and platforms like TransformPlus to accelerate large, enterprise refactoring and code analysis at scale. Capgemini positions itself as a global systems integrator with end‑to‑end modernization capability across cloud replatforming, application re‑engineering and legacy-to-cloud migrations for complex enterprise environments. Infosys uses Cobalt and related modernization suites to automate discovery, code conversion and cloud migration while combining consulting and execution to deliver outcome-oriented modernization at scale. HCL Technologies emphasizes modernization accelerators, IP‑led services and industry-focused modernization playbooks to modernize mission‑critical applications while managing technical debt and compliance. Microsoft supports modernization through Azure cloud platforms, migration services, and integrated developer tools that enable refactoring, containerization and hybrid deployments for enterprises moving from on‑premises or legacy stacks to cloud-native patterns. AWS offers broad cloud migration and modernization services, managed platforms and partner ecosystems that support lift‑and‑shift, replatforming and refactoring to serverless and container architectures with operational tools for cost, security and observability. Deloitte combines Big‑Four strategy with technical modernization delivery, often targeting regulated sectors with methodologies (e.g., CloudPath) that align business outcomes, risk management and compliance with technical re‑architecture and cloud adoption.
These vendors differ by strengths: global consultancies (Accenture, Deloitte, Capgemini) lead in strategy, risk and industry programs while large IT services firms (TCS, Cognizant, Infosys, HCL) offer scale, automation platforms and delivery centers for mass refactoring. Cloud providers (Microsoft, AWS) provide hyperscale infrastructure, migration tooling and native managed services that simplify replatforming and enable hybrid/multi‑cloud patterns. IBM occupies a hybrid niche combining mainframe, OpenShift and AI tooling for highly regulated workloads. Buyers typically choose based on industry compliance needs, scale and appetite for automation versus bespoke engineering, with market research firms listing these names among the principal players shaping the application modernization services market.
Perry/Hope Partners' reports provide the most accurate industry forecasts based on our proprietary economic models. Our forecasts project the product market size nationally and by regions for 2021 to 2032 using regression analysis in our modeling. and Perry/Hope is the only market research publisher that utilizes both longitudinal (historical) and vertical (from market section to market division to market class) analysis, since we study every manufactured product in the countries we analyze. The report also provides written analysis on the market definition, market segments, and SWOT analysis (market strengths, weaknesses, opportunities, and threats).
The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for application modernization services market by geography and historical trend. The scope of the report extends to sizing of the application modernization services market market and global market trends with market data for 2024 as the base year, 2025 and 2026 as the estimate years with projection of CAGR from 2027 to 2032.
The report also features a list of the top ten largest global players in the market. A review of each company includes 1) an estimate of the market share, 2) a listing of the products and/or services in the market, and 3) the features of these products and/or services in the market. The report has a chapter on Comparative Business Strategies for the largest four players. An example of the Comparative Business Strategies analysis would be -- How does Netflix's business strategy to expand its market share in the global online streaming compare to Amazon Prime's business strategy through its video products and services?
The ten market players in this report and a brief synopsis of their participation in the market are:
Accenture, IBM, Cognizant, Tata Consultancy Services (TCS), Capgemini, Infosys, HCL Technologies, Microsoft, Amazon Web Services (AWS), and Deloitte are widely recognized as ten major companies competing in the Application Modernization Services market. Accenture combines large-scale consulting with automated code transformation, microservices and DevSecOps, and platform tools such as myNav to plan and simulate migrations for minimal disruption. IBM leverages deep enterprise systems expertise, Red Hat OpenShift and AI-enabled tooling for mainframe and hybrid-cloud modernization, emphasizing compliance and container orchestration for regulated industries. Cognizant offers structured, data-informed modernization via its Modernization Factory and focuses on legacy decomposition, API enablement, cloud‑native development and low‑code transformation to improve agility and business alignment. TCS brings massive delivery scale and automation through its Machine First™ Delivery Model and platforms like TransformPlus to accelerate large, enterprise refactoring and code analysis at scale. Capgemini positions itself as a global systems integrator with end‑to‑end modernization capability across cloud replatforming, application re‑engineering and legacy-to-cloud migrations for complex enterprise environments. Infosys uses Cobalt and related modernization suites to automate discovery, code conversion and cloud migration while combining consulting and execution to deliver outcome-oriented modernization at scale. HCL Technologies emphasizes modernization accelerators, IP‑led services and industry-focused modernization playbooks to modernize mission‑critical applications while managing technical debt and compliance. Microsoft supports modernization through Azure cloud platforms, migration services, and integrated developer tools that enable refactoring, containerization and hybrid deployments for enterprises moving from on‑premises or legacy stacks to cloud-native patterns. AWS offers broad cloud migration and modernization services, managed platforms and partner ecosystems that support lift‑and‑shift, replatforming and refactoring to serverless and container architectures with operational tools for cost, security and observability. Deloitte combines Big‑Four strategy with technical modernization delivery, often targeting regulated sectors with methodologies (e.g., CloudPath) that align business outcomes, risk management and compliance with technical re‑architecture and cloud adoption.
These vendors differ by strengths: global consultancies (Accenture, Deloitte, Capgemini) lead in strategy, risk and industry programs while large IT services firms (TCS, Cognizant, Infosys, HCL) offer scale, automation platforms and delivery centers for mass refactoring. Cloud providers (Microsoft, AWS) provide hyperscale infrastructure, migration tooling and native managed services that simplify replatforming and enable hybrid/multi‑cloud patterns. IBM occupies a hybrid niche combining mainframe, OpenShift and AI tooling for highly regulated workloads. Buyers typically choose based on industry compliance needs, scale and appetite for automation versus bespoke engineering, with market research firms listing these names among the principal players shaping the application modernization services market.
Table of Contents
32 Pages
- 1.0 Scope of Report and Methodology
- 2.0 Market SWOT Analysis and Players
- 2.1 Market Definition
- 2.2 Market Segments
- 2.3 Market Strengths
- 2.4 Market Weaknesses
- 2.5 Market Threats
- 2.6 Market Opportunities
- 2.7 Major Players
- 3.0 Competitive Analysis
- 3.1 Market Player 1
- 3.2 Market Player 2
- 3.3 Market Player 3
- 3.4 Market Player 4
- 3.5 Market Player 5
- 3.6 Market Player 6
- 3.7 Market Player 7
- 3.8 Market Player 8
- 3.9 Market Player 9
- 3.10 Market Player 10
- 4.0 Comparative Business Strategies
- 4.1 Comparative Business Strategies of Player 1 and 2
- 4.2 Comparative Business Strategies of Player 1 and 3
- 4.3 Comparative Business Strategies of Player 1 and 4
- 4.4 Comparative Business Strategies of Player 2 and 3
- 4.5 Comparative Business Strategies of Player 2 and 4
- 4.6 Comparative Business Strategies of Player 3 and 4
- 5.0 Appendix
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