Application Modernization Services Market by Service Type (Cloud Application Migration, Application Re-Platforming, Post Modernization), Application Type (Legacy, Cloud-hosted, Cloud-native) - Global Forecast to 2029
애플리케이션 현대화 서비스 시장 규모는 2024년에는 198억 2,000만 달러로 평가되었습니다. 2029년에는 396억 2,000만 달러에 이를 것으로 추정되며, 연평균 성장률(CAGR)은 14.8%가 될 것으로 보입니다.
애플리케이션 현대화 서비스 시장이 성장하고 있는 요인은 여러 가지가 있습니다. 매우 빠르고 정교한 기술 변화의 시대이기 때문에 비즈니스가 지속되고 효율성을 얻기 위해서는 오래된 애플리케이션을 새로 고칠 필요성을 놓칠 수 없습니다. 비즈니스가 충분히 성장하고 그 범위와 범위, 심지어 네트워크까지 확장되면 레거시 시스템은 규모와 유연성, 심지어 새로운 시대의 기술과의 통합에 제약을 받기 때문에 현재의 비즈니스 수요에 대응하지 못하는 경우가 많습니다. 클라우드 기술의 활용 확대도 중요한 성장 촉진요인 중 하나로, 클라우드 공급자가 제공하는 규모와 운영 비용이 낮기 때문에 많은 조직이 클라우드 공급자의 활용을 목표로 하고 있습니다. 이러한 디지털 진화의 결과로, 기업은 애플리케이션의 변화를 강요하고 있습니다. 이러한 애플리케이션은 인공지능, 기계어, 사물 인터넷과 같은 첨단 기술과 잘 작동하는 것이 중요하기 때문입니다.
| 조사 범위 |
| 조사 대상 연도 |
2018-2029년 |
| 기준 연도 |
2023년 |
| 예측 기간 |
2024-2029년 |
| 검토 단위 |
달러(10억 달러) |
| 부문 |
제공, 플랫폼, 배포 유형, 조직 규모, 업계 |
| 대상 지역 |
북미, 유럽, 아시아태평양, 중동 및 아프리카, 라틴아메리카 |
게다가, 데이터의 안전성과 컴플라이언스에 대한 주목을 받고 있는 가운데, 조직은 사이버 보안 문제를 해결하기 위한 규제의 변화하는 요구에 대응하기 위해 개발된 보다 새로운 버전의 애플리케이션에 대한 도입을 적극적으로 추진하고 있습니다. 게다가 애플리케이션의 성능 향상과 이러한 애플리케이션을 사용한 사용자 경험의 향상도 현대화 동향을 강화하는 또 다른 이유입니다. 또한 애플리케이션의 현대화 이후 새로운 기능과 서비스를 단기간에 배포할 수 있어 민첩성과 시장 투입 속도를 높이는 동시에 운영 비용을 절감할 필요성도 큰 요인이 되고 있습니다. 전반적으로 애플리케이션의 현대화에 대한 서비스에 대한 수요가 높은 이유는 이러한 이유 때문입니다. 기업은 전략 목표와 업무 효율성에 따라 기술적 틀을 재설계하고 싶기 때문입니다.
“의료 및 생명과학 업계는 예측 기간 동안 시장 규모가 두 번째로 커질 것으로 예측되고 있습니다." 헬스케어 및 생명과학의 수직 분야는 고급 디지털 솔루션 수요를 높이고 있기 때문에 예측 기간을 통해 애플리케이션 현대화 서비스 시장에서 전기통신에 이어 두 번째로 높은 시장 점유율을 차지할 것으로 예상됩니다. 보다 큰 변화가 일어나고 있기 때문에 업무 효율성을 높이고 보다 나은 환자 관리를 촉진하는 동시에 규제 요건의 기준에 준거에 대해서도 보조를 맞춘 보다 효율적인 IT 시스템이 요구되고 있습니다.
클라우드 네이티브 애플리케이션 분야는 예측 기간 동안 가장 높은 성장을 이룰 것으로 보입니다. 애플리케이션 현대화 서비스는 확장성, 유연성 및 효율성 측면에서 다른 사람들을 압도하는 성장 가능성이 있기 때문에 클라우드 네이티브 애플리케이션이 예측 기간 내에 큰 성장을 보일 것으로 예상됩니다. 한편, 레거시 애플리케이션이 서비스를 일체로 제공하고, 서버나 데이터센터와 같은 기반이 되는 물리적 구조에 의존하는 경우가 많지만, 클라우드 네이티브 애플리케이션는 클라우드 중심이며 마이크로서비스, 컨테이너화된 부트, 스케줄링 관리 시스템 등 강화된 구조 설계를 이용하여 구축됩니다. 이를 통해 업계의 진출기업은 비즈니스 환경의 변화에 따라 변경하고, 필요에 따라 리소스를 늘리고, 불필요한 운영 비용을 최소화할 수 있습니다. 또한 클라우드 기반 솔루션의 사용 증가와 클라우드 기술의 성숙은 클라우드 네이티브 애플리케이션의 요구를 뒷받침하고 있습니다. 이러한 솔루션은 더 빠르고 더 나은 결과를 제공하고 사용자 경험을 최적화하는 시장 과제를 능가하기 때문입니다. 가장 중요한 기술 동향은 효율성 향상을 위한 비즈니스 프로세스의 디지털화에 대한 지속적이고 지속적인 추진입니다. 그러므로 클라우드 기반 솔루션에 대한 현대적인 요구에 부응하는 응답성이 뛰어난 시스템 솔루션을 개발하면 클라우드 네이티브 애플리케이션의 활용 확대로의 전환이 더욱 빨라진다는 것을 의미합니다.
이 보고서는 세계 애플리케이션 현대화 서비스 시장을 조사했으며, 서비스 유형별, 애플리케이션 유형별, 업계별, 지역별 동향 및 시장 진출기업 프로파일 등을 정리했습니다.
목차
제1장 서론
제2장 조사 방법
제3장 주요 요약
제4장 중요 인사이트
제5장 시장 개요와 업계 동향
- 소개
- 시장 역학
- 애플리케이션 현대화 서비스의 간단한 역사
- 생태계 분석
- 사례 연구 분석
- 공급망 분석
- 규제 상황
- 가격 분석
- Porter's Five Forces 분석
- 기술 분석
- 특허 분석
- 고객의 비즈니스에 영향을 미치는 동향/혼란
- 주요 이해관계자와 구매 기준
- 2024-2025년의 주된 회의와 이벤트
- 애플리케이션 현대화 서비스 시장용 기술 로드맵
- 애플리케이션 현대화 서비스 시장의 모범 사례
- 현재의 비즈니스 모델과 새로운 비즈니스 모델
- 애플리케이션 현대화 서비스 툴, 프레임워크, 테크닉
- 투자와 자금조달 시나리오
- 인공지능(AI)/생성형 AI가 애플리케이션 현대화 서비스에 미치는 영향
- 애플리케이션 현대화의 7개의 「R」
제6장 애플리케이션 현대화 서비스 시장(서비스 유형별)
- 소개
- 서비스 유형 : 시장 성장 촉진요인
- 애플리케이션 포트폴리오 평가
- 클라우드 애플리케이션 마이그레이션
- 애플리케이션의 재플랫폼화
- 애플리케이션 통합
- UI/UX의 근대화
- 포스트 모더니제이션 서비스
제7장 애플리케이션 현대화 서비스 시장(애플리케이션 유형별)
- 소개
- 응용 유형 : 시장 성장 촉진요인
- 레거시 애플리케이션
- 클라우드 호스팅 애플리케이션
- 클라우드 네이티브 애플리케이션
제8장 애플리케이션 현대화 서비스 시장(업계별)
- 소개
- BFSI
- IT·ITES
- 헬스케어·생명과학
- 제조
- 통신
- 수송·물류
- 미디어·엔터테인먼트
- 소매 및 전자상거래
- 정부
- 기타
제9장 애플리케이션 현대화 서비스 시장(지역별)
- 소개
- 북미
- 유럽
- 유럽 : 거시경제 전망
- 영국
- 독일
- 프랑스
- 이탈리아
- 스페인
- 북유럽
- 기타
- 아시아태평양
- 아시아태평양 : 거시경제 전망
- 중국
- 일본
- 인도
- 호주 및 뉴질랜드
- 한국
- 동남아시아
- 기타
- 중동 및 아프리카
- 라틴아메리카
- 라틴아메리카: 거시경제 전망
- 브라질
- 멕시코
- 기타
제10장 경쟁 구도
- 소개
- 주요 진입기업의 전략/강점
- 수익 분석
- 시장 점유율 분석
- 기업평가 매트릭스 : 주요 진입기업(2023년)
- 기업평가 매트릭스 : 스타트업/중소기업(2023년)
- 기업이치평가와 재무지표
- 브랜드/제품 비교
- 경쟁 시나리오와 동향
제11장 기업 프로파일
- 주요 진출기업
- IBM
- MICROSOFT
- HCL TECHNOLOGIES
- ACCENTURE
- AWS
- ATOS
- CAPGEMINI
- ORACLE
- COGNIZANT
- TCS
- INNOVA SOLUTIONS
- EPAM SYSTEMS
- ASPIRE SYSTEMS
- NTT DATA
- DELL TECHNOLOGIES
- DXC TECHNOLOGY
- LTIMINDTREE
- INFOSYS
- WIPRO
- ROCKET SOFTWARE, INC.
- FUJITSU
- HEXAWARE TECHNOLOGIES
- VIRTUSA
- MONGODB
- 스타트업/중소기업
- SOFTURA
- CLOUDHEDGE TECHNOLOGIES PVT. LTD.
- D3V TECHNOLOGY
- BAYSHORE INTELLIGENCE SOLUTIONS
- OPINOV8
- ICREON
- SYMPHONY SOLUTIONS
- CLEVEROAD
- TECHAHEAD
- GEOMOTIV
- SOFT SUAVE
- PALMDIGITALZ
- AVERISOURCE
제12장 인접 시장 및 관련 시장
제13장 부록
KTH
The Application modernization services market was estimated to be USD 19.82 billion in 2024 to USD 39.62 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 14.8%. There are a few factors owing to which the application modernization services market is experiencing growth. As it is the era of very fast and advanced technological changes, a business cannot afford to take its eyes off the need to renew its old applications in order to stay in business and realize its efficiency. Often when the business has grown sufficiently in scope, coverage and even network, the legacy systems in place can hardly meet current business demands because they are constrained by scale, flexibility and even integration with new age technologies. The increased use of cloud technology is another key driver, with many organizations aiming to utilize cloud providers due to the size and low costs of operations offered by them. As a result of this digital evolution, companies have been forced to undergo the application transformation since it is important that such applications work well with advanced technologies like Artificial Intelligence, machine language and internet of things.
| Scope of the Report |
|---|
| Years Considered for the Study | 2018-2029 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Units Considered | USD (Billion) |
| Segments | Offering, Platform, Deployment Type, Organization Size, Verticals |
| Regions covered | North America, Europe, Asia Pacific, Middle East Africa, and Latin America |
Moreover, with the increasing focus on securing data and compliance, organizations are also actively migrating their deployments to newer versions of applications developed to meet the changing needs of regulations aimed at addressing cybersecurity issues. Additionally, better performance of applications and improving user experience with such applications are another reason for enhanced modernization trends since every business strives to improve how its customers interact with the business digitally. The need to reduce operating costs at the same time increasing agility and speed to market is also a major factor as after application modernization, new features and services can be rolled out at a shorter period. Overall, these are the reasons for the high demand for services concerning application modernization as organizations want to redesign their technological frameworks in response to their strategic objectives and operational effectiveness.
"The Heathcare & Life Sciences vertical is expected to have second largest market size during the forecast period." The healthcare and life sciences vertical is expected to hold the second highest market share in the application modernization services market next to telecom through the forecast period as it enhances the demand for advanced digital solutions. Therefore, the healthcare sector is witnessing a great transformation from the ever-growing adoption of electronic health records, telemedicine, and AI-driven diagnostics. It requires more efficient systems of IT that improve operational efficiency and facilitate better patient care while being in step regarding compliance with standards for the regulatory requirements. Demand for cloud solutions that ensure security and scalability along with the integration of new technologies with the existing systems further promotes growth in this space.
"The cloud-native applications segment will witness the highest growth during the forecast period." In the application modernization services, owing to their vast potential for growth in aspects such as scalability, flexibility, and efficiency over and above the others, cloud-native applications are projected to have a greater increase within the forecasted period. On the other hand, while legacy applications offer services in a nutshell as one piece and more often rely on underlying physical structures, such as servers and data centers, cloud-native applications are cloud-centric and are constructed using enhanced structural designs such as that of microservices, containerized booting and scheduling management systems. This allows players in the industry to be able to change according to the changes in the business environment, increase the resources when need arises and minimize unnecessary operational costs. Besides, the increased use of cloud-based solutions and the maturing of cloud technologies help push the need for cloud-native applications because such solutions have outweighed the market challenges to deliver faster, better results, and optimized user experience. The most important technological trend has also been the continuous and sustained drive towards digitizing businesses' processes for improved efficiency, which therefore means the development of able and responsive system solutions to the modern need for cloud based solutions will make transition to the more use of cloud-native applications more faster hence this explains the expected higher growth rate of such applications in the application modernization services market.
"Asia Pacific's highest growth rate during the forecast period."
The application modernization services market in the forecast period is anticipated to grow at a higher pace in the Asia-Pacific region owing to a number of underlying reasons. One of the reasons is the digital transformation of the region, which has been facilitated by the growing use of cloud computing and other emerging technologies as well as the quest for efficiency by business operations. There is an increase in IT spending and digital activities in countries like China and India, which creates a need for such services to modernize the aging management systems and incorporate new technologies. The growth of the sector is also enhanced by the efforts of global technology providers and the influx of local enterprises which are enhancing competition. The increasing affluence of the population as well as the trend towards a population that is more technologically inclined is another major factor that is increasing the need for sophisticated and high-capacity application modernization services within the region.
Breakdown of primaries
The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:
- By Company Type: Tier 1 - 62%, Tier 2 - 23%, and Tier 3 - 15%
- By Designation: C-level -50%, D-level - 30%, and Others - 20%
- By Region: North America - 38%, Europe - 15%, Asia Pacific - 35%, Middle East & Africa - 7%, and Latin America- 5%.
The major players in the Application modernization services market include Oracle (US), IBM (US), Microsoft (US), HCL Technologies (India), Accenture (Ireland), ATOS (France), Capgemini (France), Cognizant (US), TCS (India), Aspire Systems (India), NTT Data Group Corporation (Japan), Infosys (India), Dell Technologies (US), Innova Solutions (US), EPAM Systems (US), DXC Technology (US), MongoDB (US), LTIMindtree (India), Wipro (India), Rocket Software (US), Fujitsu (Japan), Hexaware Technologies (India), Virtusa (US), Softura (US), CloudHedge (US), D3V Technology (US), Bayshore Intelligence (US), Opinov8 (UK), Icreon (US), Symphony Solutions (Netherlands), Cleveroad (Ukraine), Soft Suave (India), TechAhead (US), and Geomotiv (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their Application modernization services market footprint.
Research Coverage
The market study covers the application modernization services market size across different segments. It aims at estimating the market size and the growth potential across different segments, including service types, application types, verticals, and region. The service type includes application portfolio assessment, cloud application migration, application re-platforming, application integration, UI/UX modernization, and post modernization. Further, the application types include legacy applications, cloud-hosted applications, and cloud-native applications. The verticals include BFSI, Healthcrae & Life Sciences, Telecom, IT & ITeS, Retail & eCommerce, Government, Energy & Utilities, Transportation & Logistics, Media & Entertainment, and Manufacturing. The regional analysis of the Application modernization services market covers North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the global Application modernization services market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
1. Analysis of key drivers (rising digital transformation initiatives, demand for flexibility and scalability through cloud computing, rapid technological advancements), restraints (high costs and complexity, legacy system dependencies), opportunities (emerging markets and SMEs, evolution of open standards for software development), and challenges (vendor lock-in and platform dependencies, managing technical debt) influencing the growth of the application modernization services market.
2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the application modernization services market.
3. Market Development: Comprehensive information about lucrative markets - the report analyses the application modernization services market across various regions.
4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the application modernization services market.
5. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players Oracle (US), IBM (US), Microsoft (US), HCL Technologies (India), Accenture (Ireland), ATOS SE (France), Capgemini (France), Cognizant (US), Tata Consultancy Services (India), Aspire Systems (India), NTT Data Group Corporation (Japan), Infosys (India), Dell Technologies (US), Innova Solutions (US), EPAM Systems (US), DXC Technology (US), MongoDB (US), LTIMindtree (India), Wipro (India), Rocket Software (US), Fujitsu (Japan), Hexaware Technologies (India), Virtusa (US), Softura (US), CloudHedge (US), D3V Technology (US), Bayshore Intelligence (US), Opinov8 (UK), Icreon (US), Symphony Solutions (Netherlands), Cleveroad (Ukraine), Soft Suave (India), TechAhead (US), and Geomotiv (US).
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.3 STUDY SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 INCLUSIONS & EXCLUSIONS
- 1.4 YEARS CONSIDERED
- 1.5 CURRENCY CONSIDERED
- 1.6 STAKEHOLDERS
- 1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Primary interviews with experts
- 2.1.2.2 Breakdown of primary profiles
- 2.1.2.3 Key insights from industry experts
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 TOP-DOWN APPROACH
- 2.2.2 BOTTOM-UP APPROACH
- 2.3 DATA TRIANGULATION
- 2.4 LIMITATIONS AND RISK ASSESSMENT
- 2.5 RESEARCH ASSUMPTIONS
- 2.6 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 OPPORTUNITIES FOR KEY PLAYERS IN APPLICATION MODERNIZATION SERVICES MARKET
- 4.2 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE
- 4.3 APPLICATION MODERNIZATION SERVICES MARKET, BY APPLICATION TYPE
- 4.4 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL
- 4.5 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET: TOP THREE SERVICE TYPES AND VERTICALS
5 MARKET OVERVIEW AND INDUSTRY TRENDS
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Rise in digital transformation initiatives
- 5.2.1.2 Demand for flexibility and scalability through cloud computing
- 5.2.1.3 Rapid technological advancements
- 5.2.1.4 Shift toward modernization by cloud-native technologies
- 5.2.1.5 Stringent regulatory compliance and security
- 5.2.2 RESTRAINTS
- 5.2.2.1 High costs and complexity
- 5.2.2.2 Legacy system dependencies
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Proliferation of Kubernetes and containerization
- 5.2.3.2 Evolution of open standards for software development
- 5.2.3.3 Emerging markets and SMEs
- 5.2.3.4 Existence of large number of legacy applications
- 5.2.4 CHALLENGES
- 5.2.4.1 Vendor lock-in and platform dependencies
- 5.2.4.2 Managing technical debt
- 5.3 BRIEF HISTORY OF APPLICATION MODERNIZATION SERVICES
- 5.4 ECOSYSTEM ANALYSIS
- 5.5 CASE STUDY ANALYSIS
- 5.5.1 MODERNIZATION OF ATRUVIA AG'S BANKING APPLICATION
- 5.5.2 LEGACY SYSTEMS' MODERNIZATION FOR BIOPHARMA BY HCL ON AWS
- 5.5.3 APPLICATION MODERNIZATION FOR LEADING MEDICAL LABORATORY RESULTING IN BETTER ROI
- 5.5.4 UNIPER ENERGY'S UK TRADING SOLUTIONS MODERNIZED BY INFOSYS
- 5.6 SUPPLY CHAIN ANALYSIS
- 5.7 REGULATORY LANDSCAPE
- 5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.7.2 REGULATIONS
- 5.7.2.1 North America
- 5.7.2.1.1 US
- 5.7.2.1.2 Canada
- 5.7.2.2 Europe
- 5.7.2.2.1 UK
- 5.7.2.2.2 Germany
- 5.7.2.3 Asia Pacific
- 5.7.2.3.1 South Korea
- 5.7.2.3.2 China
- 5.7.2.3.3 Japan
- 5.7.2.3.4 India
- 5.7.2.4 Middle East & Africa
- 5.7.2.4.1 UAE
- 5.7.2.4.2 KSA
- 5.7.2.5 Latin America
- 5.7.2.5.1 Brazil
- 5.7.2.5.2 Mexico
- 5.8 PRICING ANALYSIS
- 5.8.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SERVICE TYPE
- 5.8.2 INDICATIVE PRICING ANALYSIS, BY SERVICE FEATURE
- 5.9 PORTER'S FIVE FORCES ANALYSIS
- 5.9.1 THREAT OF NEW ENTRANTS
- 5.9.2 THREAT OF SUBSTITUTES
- 5.9.3 BARGAINING POWER OF BUYERS
- 5.9.4 BARGAINING POWER OF SUPPLIERS
- 5.9.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.10 TECHNOLOGY ANALYSIS
- 5.10.1 KEY TECHNOLOGIES
- 5.10.1.1 Cloud platforms
- 5.10.1.2 Containerization
- 5.10.1.3 DevOps tools and CI/CD pipelines
- 5.10.1.4 Microservices architecture
- 5.10.1.5 API management platforms
- 5.10.1.6 Low-code/No-code platforms
- 5.10.2 ADJACENT TECHNOLOGIES
- 5.10.2.1 Edge computing
- 5.10.2.2 5G and Next-generation networks
- 5.10.2.3 Blockchain
- 5.10.2.4 Quantum computing
- 5.10.2.5 Augmented reality (AR) and virtual reality (VR)
- 5.10.3 COMPLEMENTARY TECHNOLOGIES
- 5.10.3.1 AI/ML integration
- 5.10.3.2 Robotic process automation (RPA)
- 5.10.3.3 Identity and access management (IAM)
- 5.10.3.4 Data lakes and data warehousing
- 5.10.3.5 Enterprise service bus (ESB)
- 5.11 PATENT ANALYSIS
- 5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.13.2 BUYING CRITERIA
- 5.14 KEY CONFERENCES AND EVENTS, 2024-2025
- 5.15 TECHNOLOGY ROADMAP FOR APPLICATION MODERNIZATION SERVICES MARKET
- 5.15.1 SHORT-TERM ROADMAP (2023-2025)
- 5.15.2 MID-TERM ROADMAP (2026-2028)
- 5.15.3 LONG-TERM ROADMAP (2029-2030)
- 5.16 BEST PRACTICES IN APPLICATION MODERNIZATION SERVICES MARKET
- 5.16.1 CONDUCT THOROUGH ASSESSMENT
- 5.16.2 DEFINE CLEAR GOALS AND OBJECTIVES
- 5.16.3 DEVELOP MODERNIZATION ROADMAP
- 5.16.4 CHOOSE RIGHT MODERNIZATION APPROACH
- 5.16.5 PRIORITIZE APPLICATIONS FOR MODERNIZATION
- 5.16.6 OPTIMIZE FOR CLOUD
- 5.16.7 ENSURE CONTINUOUS MONITORING AND OPTIMIZATION
- 5.16.8 ENGAGE STAKEHOLDERS THROUGHOUT PROCESS
- 5.17 CURRENT AND EMERGING BUSINESS MODELS
- 5.17.1 PLATFORM-AS-A-SERVICE (PAAS)
- 5.17.2 CONSULTATIVE SERVICES MODEL
- 5.17.3 OUTCOME-BASED MODELS
- 5.17.4 OPEN-SOURCE MODEL
- 5.17.5 CO-DEVELOPMENT MODEL
- 5.17.6 AUTOMATED MODELS
- 5.18 APPLICATION MODERNIZATION SERVICE TOOLS, FRAMEWORKS, AND TECHNIQUES
- 5.19 INVESTMENT AND FUNDING SCENARIO
- 5.20 IMPACT OF ARTIFICIAL INTELLIGENCE (AI)/GENERATIVE AI ON APPLICATION MODERNIZATION SERVICES
- 5.20.1 IMPACT OF AI/GENERATIVE AI ON APPLICATION MODERNIZATION SERVICES
- 5.20.2 USE CASES OF GENERATIVE AI IN APPLICATION MODERNIZATION SERVICES
- 5.21 7 'R'S OF APPLICATION MODERNIZATION
- 5.21.1 REHOST
- 5.21.2 RE-PLATFORM
- 5.21.3 REFACTOR
- 5.21.4 REVISE
- 5.21.5 REBUILD
- 5.21.6 REPLACE
- 5.21.7 RETIRE
6 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE
- 6.1 INTRODUCTION
- 6.1.1 SERVICE TYPE: MARKET DRIVERS
- 6.1.2 APPLICATION PORTFOLIO ASSESSMENT
- 6.1.2.1 Need for strategic evaluation to streamline modernization paths to drive initial adoption of portfolio assessments
- 6.1.3 CLOUD APPLICATION MIGRATION
- 6.1.3.1 Rapid adoption of cloud infrastructure to support these services as businesses seek scalability and cost-efficiency
- 6.1.4 APPLICATION RE-PLATFORMING
- 6.1.4.1 Demand for performance optimization without complete rewrites
- 6.1.5 APPLICATION INTEGRATION
- 6.1.5.1 Increase in complexity of hybrid environments to drive need for seamless application integration across cloud and legacy systems
- 6.1.6 UI/UX MODERNIZATION
- 6.1.6.1 Growth in emphasis on user-centric digital experiences to sustain demand for UI/UX modernization
- 6.1.7 POST-MODERNIZATION SERVICES
- 6.1.7.1 Ongoing need for support in maintaining modernized applications to ensure steady, albeit slower, growth of post-modernization services
7 APPLICATION MODERNIZATION SERVICES MARKET, BY APPLICATION TYPE
- 7.1 INTRODUCTION
- 7.1.1 APPLICATION TYPE: MARKET DRIVERS
- 7.1.2 LEGACY APPLICATIONS
- 7.1.2.1 Need to reduce operational costs of legacy applications and integrate with modern technologies; their dominance set to decline as businesses shift to cloud solutions
- 7.1.3 CLOUD-HOSTED APPLICATIONS
- 7.1.3.1 Growth in demand for scalable and cost-efficient IT infrastructure to fuel adoption of cloud-hosted application modernization
- 7.1.4 CLOUD-NATIVE APPLICATIONS
- 7.1.4.1 Push for innovation, scalability, and speed in digital transformation to drive rapid adoption of cloud-native applications
8 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL
- 8.1 INTRODUCTION
- 8.1.1 VERTICAL: MARKET DRIVERS
- 8.2 BFSI
- 8.2.1 NEED FOR SECURE, SCALABLE, AND EFFICIENT FINANCIAL SERVICES
- 8.2.2 BFSI: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.2.2.1 Core banking system modernization
- 8.2.2.2 Claims processing overhaul
- 8.2.2.3 Digital customer portals
- 8.2.2.4 Real-time risk management
- 8.2.2.5 Payment gateway integration
- 8.3 IT & ITES
- 8.3.1 NEED FOR AGILE SERVICE DELIVERY AND TECHNOLOGICAL INTEGRATION
- 8.3.2 IT & ITES: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.3.2.1 ERP cloud migration
- 8.3.2.2 Unified IT management systems
- 8.3.2.3 Customer support systems modernization
- 8.3.2.4 Cloud-native software optimization
- 8.3.2.5 Hybrid cloud management systems
- 8.4 HEALTHCARE & LIFE SCIENCES
- 8.4.1 NEED FOR IMPROVED PATIENT CARE, DIGITAL HEALTH SOLUTIONS, AND EFFICIENT DATA MANAGEMENT
- 8.4.2 HEALTHCARE & LIFE SCIENCES: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.4.2.1 EHR cloud migration
- 8.4.2.2 Pharmaceutical research modernization
- 8.4.2.3 Health insurance claims
- 8.4.2.4 Telemedicine platforms
- 8.4.2.5 Medical device connectivity
- 8.5 MANUFACTURING
- 8.5.1 DRIVE TOWARD SMART FACTORIES AND REAL-TIME SUPPLY CHAIN OPTIMIZATION
- 8.5.2 MANUFACTURING: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.5.2.1 Smart factory implementations
- 8.5.2.2 Predictive maintenance solutions
- 8.5.2.3 Integrated supply chain management
- 8.5.2.4 Quality control enhancements
- 8.5.2.5 Collaborative robotics integration
- 8.6 TELECOM
- 8.6.1 RAPID GROWTH OF 5G NETWORKS AND DEMAND FOR ENHANCED SERVICE DELIVERY
- 8.6.2 TELECOM: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.6.2.1 5G network management modernization
- 8.6.2.2 Cloud-based CRM systems
- 8.6.2.3 Billing system integration
- 8.6.2.4 Network automation
- 8.6.2.5 Self-service Portal modernization
- 8.7 TRANSPORTATION & LOGISTICS
- 8.7.1 DEMAND FOR REAL-TIME VISIBILITY AND OPERATIONAL EFFICIENCY
- 8.7.2 TRANSPORTATION & LOGISTICS: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.7.2.1 Cloud-based fleet management systems
- 8.7.2.2 Integrated warehouse management
- 8.7.2.3 Enhanced shipping portals
- 8.7.2.4 Visibility and responsiveness improvements
- 8.7.2.5 Predictive analytics for demand forecasting
- 8.8 MEDIA & ENTERTAINMENT
- 8.8.1 NEED FOR INNOVATIVE CONTENT DELIVERY AND PERSONALIZED VIEWER EXPERIENCES
- 8.8.2 MEDIA & ENTERTAINMENT: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.8.2.1 Cloud-based Content Delivery Networks
- 8.8.2.2 Personalized User Experiences
- 8.8.2.3 Digital Asset Management Systems
- 8.8.2.4 Enhanced Audience Analytics
- 8.8.2.5 Integrated Marketing Solutions
- 8.9 RETAIL & ECOMMERCE
- 8.9.1 ADOPTION OF PERSONALIZED CUSTOMER EXPERIENCES AND STREAMLINED OPERATIONS
- 8.9.2 RETAIL & ECOMMERCE: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.9.2.1 Cloud-based inventory management
- 8.9.2.2 Customer loyalty program modernization
- 8.9.2.3 POS and eCommerce integration
- 8.9.2.4 Demand forecasting modernization
- 8.9.2.5 Scalable eCommerce platforms
- 8.10 GOVERNMENT
- 8.10.1 NEED FOR ENHANCED CITIZEN ENGAGEMENT AND EFFICIENT SERVICE DELIVERY
- 8.10.2 GOVERNMENT: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.10.2.1 Citizen services cloud migration
- 8.10.2.2 Document management system overhaul
- 8.10.2.3 Inter-agency communication integration
- 8.10.2.4 User-friendly public service apps
- 8.10.2.5 Disaster recovery planning
- 8.11 OTHER VERTICALS
- 8.11.1 OTHER VERTICALS: APPLICATION MODERNIZATION SERVICE USE CASES
- 8.11.1.1 Cloud-based booking systems
- 8.11.1.2 Personalized travel recommendations
- 8.11.1.3 Cloud-based student information systems
- 8.11.1.4 Interactive virtual classrooms
- 8.11.1.5 Adaptive learning platforms
9 APPLICATION MODERNIZATION SERVICES MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 NORTH AMERICA
- 9.2.1 NORTH AMERICA: MACROECONOMIC OUTLOOK
- 9.2.2 US
- 9.2.2.1 Rise in prevalence of AI advancements, automation, and next-gen network technologies
- 9.2.3 CANADA
- 9.2.3.1 Government-backed digital initiatives and cloud adoption to fuel modernization across public and private sectors
- 9.3 EUROPE
- 9.3.1 EUROPE: MACROECONOMIC OUTLOOK
- 9.3.2 UK
- 9.3.2.1 Stringent regulations support adoption of application modernization services in UK
- 9.3.3 GERMANY
- 9.3.3.1 Strong focus on Industry 4.0 and smart manufacturing and need for advanced networking solutions
- 9.3.4 FRANCE
- 9.3.4.1 Increased demand for digital services and automation to boost modernization across sectors
- 9.3.5 ITALY
- 9.3.5.1 Transformation of legacy infrastructure, particularly in finance and telecom
- 9.3.6 SPAIN
- 9.3.6.1 Fast-paced digital transformation environment to push modernization across verticals such as retail and government
- 9.3.7 NORDICS
- 9.3.7.1 Strong cloud-native adoption and focus on digital-first strategies to lead modernization efforts
- 9.3.8 REST OF EUROPE
- 9.4 ASIA PACIFIC
- 9.4.1 ASIA PACIFIC: MACROECONOMIC OUTLOOK
- 9.4.2 CHINA
- 9.4.2.1 Significant investments by key players and need for rapid development and adoption of new technologies
- 9.4.3 JAPAN
- 9.4.3.1 Increase in adoption of advanced technologies and integration with AI and automation
- 9.4.4 INDIA
- 9.4.4.1 Growing focus on cloud and network connectivity powered by AI technology
- 9.4.5 AUSTRALIA & NEW ZEALAND
- 9.4.5.1 Stricter data protection regulations to influence development of secure solutions
- 9.4.6 SOUTH KOREA
- 9.4.6.1 Heavy investments by businesses and governments toward digital transformation
- 9.4.7 SOUTHEAST ASIA
- 9.4.7.1 Adoption of cloud-native solutions to act as primary driver of modernization across industries
- 9.4.8 REST OF ASIA PACIFIC
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
- 9.5.1.1 MIDDLE EAST
- 9.5.1.2 UAE
- 9.5.1.2.1 Economic Vision 2030's focus on digital transformation to key driver for modernization in public and private sectors
- 9.5.1.3 KSA
- 9.5.1.3.1 Saudi's need for digital transformation driven by Vision 2030 agenda
- 9.5.1.4 Kuwait
- 9.5.1.4.1 Modernization and digital infrastructure improvements to boost application modernization services market growth
- 9.5.1.5 Bahrain
- 9.5.1.5.1 Need for cloud-first policies and government-driven digitalization
- 9.5.1.6 Rest of the Middle East
- 9.5.2 AFRICA
- 9.5.2.1 Growing need for digital infrastructure and modernized telecom and financial systems
- 9.6 LATIN AMERICA
- 9.6.1 LATIN AMERICA: MACROECONOMIC OUTLOOK
- 9.6.2 BRAZIL
- 9.6.2.1 Ongoing investments in telecom infrastructure and modernization projects
- 9.6.3 MEXICO
- 9.6.3.1 Shift toward cloud modernization in public and financial sectors
- 9.6.4 REST OF LATIN AMERICA
10 COMPETITIVE LANDSCAPE
- 10.1 INTRODUCTION
- 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 10.3 REVENUE ANALYSIS
- 10.4 MARKET SHARE ANALYSIS
- 10.4.1 MARKET RANKING ANALYSIS
- 10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 10.5.1 STARS
- 10.5.2 EMERGING LEADERS
- 10.5.3 PERVASIVE PLAYERS
- 10.5.4 PARTICIPANTS
- 10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 10.5.5.1 Company footprint
- 10.5.5.2 Service type footprint
- 10.5.5.3 Application type footprint
- 10.5.5.4 Vertical footprint
- 10.5.5.5 Regional footprint
- 10.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 10.6.1 PROGRESSIVE COMPANIES
- 10.6.2 RESPONSIVE COMPANIES
- 10.6.3 DYNAMIC COMPANIES
- 10.6.4 STARTING BLOCKS
- 10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 10.6.5.1 Key startups/SMEs
- 10.6.5.2 Competitive benchmarking of key startups/SMEs
- 10.7 COMPANY VALUATION AND FINANCIAL METRICS
- 10.8 BRAND/PRODUCT COMPARISON
- 10.9 COMPETITIVE SCENARIO AND TRENDS
- 10.9.1 PRODUCT LAUNCHES
- 10.9.2 DEALS
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- 11.1.1 IBM
- 11.1.1.1 Business overview
- 11.1.1.2 Products/Solutions/Services offered
- 11.1.1.3 Recent developments
- 11.1.1.3.1 Product launches
- 11.1.1.3.2 Deals
- 11.1.1.4 MnM view
- 11.1.1.4.1 Key strengths
- 11.1.1.4.2 Strategic choices made
- 11.1.1.4.3 Weaknesses and competitive threats
- 11.1.2 MICROSOFT
- 11.1.2.1 Business overview
- 11.1.2.2 Products/Solutions/Services offered
- 11.1.2.3 Recent developments
- 11.1.2.3.1 Product launches
- 11.1.2.3.2 Deals
- 11.1.2.4 MnM view
- 11.1.2.4.1 Key strengths
- 11.1.2.4.2 Strategic choices made
- 11.1.2.4.3 Weaknesses and competitive threats
- 11.1.3 HCL TECHNOLOGIES
- 11.1.3.1 Business overview
- 11.1.3.2 Products/Solutions/Services offered
- 11.1.3.3 Recent developments
- 11.1.3.3.1 Product launches
- 11.1.3.3.2 Deals
- 11.1.3.4 MnM view
- 11.1.3.4.1 Key strengths
- 11.1.3.4.2 Strategic choices made
- 11.1.3.4.3 Weaknesses and competitive threats
- 11.1.4 ACCENTURE
- 11.1.4.1 Business overview
- 11.1.4.2 Platforms/Solutions/Services offered
- 11.1.4.3 Recent developments
- 11.1.4.3.1 Product launches
- 11.1.4.3.2 Deals
- 11.1.4.4 MnM view
- 11.1.4.4.1 Key strengths
- 11.1.4.4.2 Strategic choices made
- 11.1.4.4.3 Weaknesses and competitive threats
- 11.1.5 AWS
- 11.1.5.1 Business overview
- 11.1.5.2 Products/Solutions/Services offered
- 11.1.5.3 Recent developments
- 11.1.5.3.1 Product launches
- 11.1.5.3.2 Deals
- 11.1.5.4 MnM view
- 11.1.5.4.1 Right to win
- 11.1.5.4.2 Strategic choices made
- 11.1.5.4.3 Weaknesses and competitive threats
- 11.1.6 ATOS
- 11.1.6.1 Business overview
- 11.1.6.2 Platforms/Solutions/Services offered
- 11.1.6.3 Recent developments
- 11.1.6.3.1 Product launches
- 11.1.6.3.2 Deals
- 11.1.6.4 MnM view
- 11.1.6.4.1 Key strengths
- 11.1.6.4.2 Strategic choices made
- 11.1.6.4.3 Weaknesses and competitive threats
- 11.1.7 CAPGEMINI
- 11.1.7.1 Business overview
- 11.1.7.2 Platforms/Solutions/Services offered
- 11.1.7.3 Recent developments
- 11.1.7.3.1 Product launches
- 11.1.7.3.2 Deals
- 11.1.7.4 MnM view
- 11.1.7.4.1 Key strengths
- 11.1.7.4.2 Strategic choices made
- 11.1.7.4.3 Weaknesses and competitive threats
- 11.1.8 ORACLE
- 11.1.8.1 Business overview
- 11.1.8.2 Products/Solutions/Services offered
- 11.1.8.3 Recent developments
- 11.1.8.3.1 Product launches
- 11.1.8.3.2 Deals
- 11.1.8.4 MnM view
- 11.1.8.4.1 Key strengths
- 11.1.8.4.2 Strategic choices made
- 11.1.8.4.3 Weaknesses and competitive threats
- 11.1.9 COGNIZANT
- 11.1.9.1 Business overview
- 11.1.9.2 Platforms/Solutions/Services offered
- 11.1.9.3 Recent developments
- 11.1.9.3.1 Product launches
- 11.1.9.3.2 Deals
- 11.1.10 TCS
- 11.1.10.1 Business overview
- 11.1.10.2 Platforms/Solutions/Services offered
- 11.1.10.3 Recent developments
- 11.1.10.3.1 Product launches
- 11.1.10.3.2 Deals
- 11.1.11 INNOVA SOLUTIONS
- 11.1.12 EPAM SYSTEMS
- 11.1.13 ASPIRE SYSTEMS
- 11.1.14 NTT DATA
- 11.1.15 DELL TECHNOLOGIES
- 11.1.16 DXC TECHNOLOGY
- 11.1.17 LTIMINDTREE
- 11.1.18 INFOSYS
- 11.1.19 WIPRO
- 11.1.20 ROCKET SOFTWARE, INC.
- 11.1.21 FUJITSU
- 11.1.22 HEXAWARE TECHNOLOGIES
- 11.1.23 VIRTUSA
- 11.1.24 MONGODB
- 11.2 STARTUPS/SMES
- 11.2.1 SOFTURA
- 11.2.2 CLOUDHEDGE TECHNOLOGIES PVT. LTD.
- 11.2.3 D3V TECHNOLOGY
- 11.2.4 BAYSHORE INTELLIGENCE SOLUTIONS
- 11.2.5 OPINOV8
- 11.2.6 ICREON
- 11.2.7 SYMPHONY SOLUTIONS
- 11.2.8 CLEVEROAD
- 11.2.9 TECHAHEAD
- 11.2.10 GEOMOTIV
- 11.2.11 SOFT SUAVE
- 11.2.12 PALMDIGITALZ
- 11.2.13 AVERISOURCE
12 ADJACENT/RELATED MARKETS
- 12.1 INTRODUCTION
- 12.2 CLOUD PROFESSIONAL SERVICES MARKET
- 12.3 SYSTEM INTEGRATION SERVICES MARKET
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS
