Application Modernization Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Service (LEGACY ASSESSMENT, DATABASE MIGRATION, CODE CONVERSION, TEST AUTOMATION); Organization Size (SMEs, Large Enterprises); Industry Vertical (BFSI, Retail and Consumer Goods, IT and Telecom, Manufacturing, Healthcare and Life Sciences, Government and Public Sector, Others) and Geography

Report Code: TIPRE00006385 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming

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MARKET OVERVIEW

Application modernization is a service designed to manage legacy transformation into new applications. The transformation occurs to integrate newer features and functionalities to the existing business. The application modernization generally takes places in terms of re-platforming in case of cloud, re-hosting, re-engineering and many more, in order to make sure that the application architecture is suited well for the business.

MARKET SCOPE

The "Global Application Modernization Services Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the application modernization services market with detailed market segmentation by services, organization size, industry vertical, and geography. The report provides key statistics on the market status of the leading application modernization services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

  •   Based on services, the global application modernization services market is segmented into application portfolio assessment, cloud application migration, application replatforming, application integration, ui modernization, post-modernization
  •   On the basis of organization size, the market is segmented into SMES, large enterprise
  •   On the basis of industry vertical, the market is segmented into BFSI, retail, IT and telecom, manufacturing, others

MARKET DYNAMICS
Drivers:

  •   Need for improved software functionalities due to changing business landscape.
  •   Demand for flexibility and scalability provided by cloud computing scalability.
  •   Benefits of integrating modern technologies with software systems.

Restraints

  •   High costs and complexities involved in application modernization



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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The application modernization services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the application modernization services market in these regions.

IMPACT OF COVID-19 ON APPLICATION MODERNIZATION SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.



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MARKET PLAYERS


The report covers key developments in the application modernization services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from application modernization services market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the application modernization services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Accenture PLC
  •   Aspire Systems
  •   BLU AGE
  •   Dell, Inc.
  •   HCL Technologies Limited
  •   IBM Corporation
  •   Micro Focus
  •   Microsoft Corporation
  •   Oracle Corporation
  •   Tech Mahindra Limited

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Application Modernization Services Market - By Service
1.3.2 Application Modernization Services Market - By Organization Size
1.3.3 Application Modernization Services Market - By Industry Vertical
1.3.4 Application Modernization Services Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. APPLICATION MODERNIZATION SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. APPLICATION MODERNIZATION SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. APPLICATION MODERNIZATION SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. APPLICATION MODERNIZATION SERVICES - GLOBAL MARKET OVERVIEW
6.2. APPLICATION MODERNIZATION SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. APPLICATION MODERNIZATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
7.1. OVERVIEW
7.2. SERVICE MARKET FORECASTS AND ANALYSIS
7.3. LEGACY ASSESSMENT
7.3.1. Overview
7.3.2. LEGACY ASSESSMENT Market Forecast and Analysis
7.4. DATABASE MIGRATION
7.4.1. Overview
7.4.2. DATABASE MIGRATION Market Forecast and Analysis
7.5. CODE CONVERSION
7.5.1. Overview
7.5.2. CODE CONVERSION Market Forecast and Analysis
7.6. TEST AUTOMATION
7.6.1. Overview
7.6.2. TEST AUTOMATION Market Forecast and Analysis
8. APPLICATION MODERNIZATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
8.1. OVERVIEW
8.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMES
8.3.1. Overview
8.3.2. SMEs Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. APPLICATION MODERNIZATION SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY VERTICAL
9.1. OVERVIEW
9.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. RETAIL AND CONSUMER GOODS
9.4.1. Overview
9.4.2. Retail and Consumer Goods Market Forecast and Analysis
9.5. IT AND TELECOM
9.5.1. Overview
9.5.2. IT and Telecom Market Forecast and Analysis
9.6. MANUFACTURING
9.6.1. Overview
9.6.2. Manufacturing Market Forecast and Analysis
9.7. HEALTHCARE AND LIFE SCIENCES
9.7.1. Overview
9.7.2. Healthcare and Life Sciences Market Forecast and Analysis
9.8. GOVERNMENT AND PUBLIC SECTOR
9.8.1. Overview
9.8.2. Government and Public Sector Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis

10. APPLICATION MODERNIZATION SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Application Modernization Services Market Overview
10.1.2 North America Application Modernization Services Market Forecasts and Analysis
10.1.3 North America Application Modernization Services Market Forecasts and Analysis - By Service
10.1.4 North America Application Modernization Services Market Forecasts and Analysis - By Organization Size
10.1.5 North America Application Modernization Services Market Forecasts and Analysis - By Industry Vertical
10.1.6 North America Application Modernization Services Market Forecasts and Analysis - By Countries
10.1.6.1 United States Application Modernization Services Market
10.1.6.1.1 United States Application Modernization Services Market by Service
10.1.6.1.2 United States Application Modernization Services Market by Organization Size
10.1.6.1.3 United States Application Modernization Services Market by Industry Vertical
10.1.6.2 Canada Application Modernization Services Market
10.1.6.2.1 Canada Application Modernization Services Market by Service
10.1.6.2.2 Canada Application Modernization Services Market by Organization Size
10.1.6.2.3 Canada Application Modernization Services Market by Industry Vertical
10.1.6.3 Mexico Application Modernization Services Market
10.1.6.3.1 Mexico Application Modernization Services Market by Service
10.1.6.3.2 Mexico Application Modernization Services Market by Organization Size
10.1.6.3.3 Mexico Application Modernization Services Market by Industry Vertical
10.2. EUROPE
10.2.1 Europe Application Modernization Services Market Overview
10.2.2 Europe Application Modernization Services Market Forecasts and Analysis
10.2.3 Europe Application Modernization Services Market Forecasts and Analysis - By Service
10.2.4 Europe Application Modernization Services Market Forecasts and Analysis - By Organization Size
10.2.5 Europe Application Modernization Services Market Forecasts and Analysis - By Industry Vertical
10.2.6 Europe Application Modernization Services Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Application Modernization Services Market
10.2.6.1.1 Germany Application Modernization Services Market by Service
10.2.6.1.2 Germany Application Modernization Services Market by Organization Size
10.2.6.1.3 Germany Application Modernization Services Market by Industry Vertical
10.2.6.2 France Application Modernization Services Market
10.2.6.2.1 France Application Modernization Services Market by Service
10.2.6.2.2 France Application Modernization Services Market by Organization Size
10.2.6.2.3 France Application Modernization Services Market by Industry Vertical
10.2.6.3 Italy Application Modernization Services Market
10.2.6.3.1 Italy Application Modernization Services Market by Service
10.2.6.3.2 Italy Application Modernization Services Market by Organization Size
10.2.6.3.3 Italy Application Modernization Services Market by Industry Vertical
10.2.6.4 United Kingdom Application Modernization Services Market
10.2.6.4.1 United Kingdom Application Modernization Services Market by Service
10.2.6.4.2 United Kingdom Application Modernization Services Market by Organization Size
10.2.6.4.3 United Kingdom Application Modernization Services Market by Industry Vertical
10.2.6.5 Russia Application Modernization Services Market
10.2.6.5.1 Russia Application Modernization Services Market by Service
10.2.6.5.2 Russia Application Modernization Services Market by Organization Size
10.2.6.5.3 Russia Application Modernization Services Market by Industry Vertical
10.2.6.6 Rest of Europe Application Modernization Services Market
10.2.6.6.1 Rest of Europe Application Modernization Services Market by Service
10.2.6.6.2 Rest of Europe Application Modernization Services Market by Organization Size
10.2.6.6.3 Rest of Europe Application Modernization Services Market by Industry Vertical
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Application Modernization Services Market Overview
10.3.2 Asia-Pacific Application Modernization Services Market Forecasts and Analysis
10.3.3 Asia-Pacific Application Modernization Services Market Forecasts and Analysis - By Service
10.3.4 Asia-Pacific Application Modernization Services Market Forecasts and Analysis - By Organization Size
10.3.5 Asia-Pacific Application Modernization Services Market Forecasts and Analysis - By Industry Vertical
10.3.6 Asia-Pacific Application Modernization Services Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Application Modernization Services Market
10.3.6.1.1 Australia Application Modernization Services Market by Service
10.3.6.1.2 Australia Application Modernization Services Market by Organization Size
10.3.6.1.3 Australia Application Modernization Services Market by Industry Vertical
10.3.6.2 China Application Modernization Services Market
10.3.6.2.1 China Application Modernization Services Market by Service
10.3.6.2.2 China Application Modernization Services Market by Organization Size
10.3.6.2.3 China Application Modernization Services Market by Industry Vertical
10.3.6.3 India Application Modernization Services Market
10.3.6.3.1 India Application Modernization Services Market by Service
10.3.6.3.2 India Application Modernization Services Market by Organization Size
10.3.6.3.3 India Application Modernization Services Market by Industry Vertical
10.3.6.4 Japan Application Modernization Services Market
10.3.6.4.1 Japan Application Modernization Services Market by Service
10.3.6.4.2 Japan Application Modernization Services Market by Organization Size
10.3.6.4.3 Japan Application Modernization Services Market by Industry Vertical
10.3.6.5 South Korea Application Modernization Services Market
10.3.6.5.1 South Korea Application Modernization Services Market by Service
10.3.6.5.2 South Korea Application Modernization Services Market by Organization Size
10.3.6.5.3 South Korea Application Modernization Services Market by Industry Vertical
10.3.6.6 Rest of Asia-Pacific Application Modernization Services Market
10.3.6.6.1 Rest of Asia-Pacific Application Modernization Services Market by Service
10.3.6.6.2 Rest of Asia-Pacific Application Modernization Services Market by Organization Size
10.3.6.6.3 Rest of Asia-Pacific Application Modernization Services Market by Industry Vertical
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Application Modernization Services Market Overview
10.4.2 Middle East and Africa Application Modernization Services Market Forecasts and Analysis
10.4.3 Middle East and Africa Application Modernization Services Market Forecasts and Analysis - By Service
10.4.4 Middle East and Africa Application Modernization Services Market Forecasts and Analysis - By Organization Size
10.4.5 Middle East and Africa Application Modernization Services Market Forecasts and Analysis - By Industry Vertical
10.4.6 Middle East and Africa Application Modernization Services Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Application Modernization Services Market
10.4.6.1.1 South Africa Application Modernization Services Market by Service
10.4.6.1.2 South Africa Application Modernization Services Market by Organization Size
10.4.6.1.3 South Africa Application Modernization Services Market by Industry Vertical
10.4.6.2 Saudi Arabia Application Modernization Services Market
10.4.6.2.1 Saudi Arabia Application Modernization Services Market by Service
10.4.6.2.2 Saudi Arabia Application Modernization Services Market by Organization Size
10.4.6.2.3 Saudi Arabia Application Modernization Services Market by Industry Vertical
10.4.6.3 U.A.E Application Modernization Services Market
10.4.6.3.1 U.A.E Application Modernization Services Market by Service
10.4.6.3.2 U.A.E Application Modernization Services Market by Organization Size
10.4.6.3.3 U.A.E Application Modernization Services Market by Industry Vertical
10.4.6.4 Rest of Middle East and Africa Application Modernization Services Market
10.4.6.4.1 Rest of Middle East and Africa Application Modernization Services Market by Service
10.4.6.4.2 Rest of Middle East and Africa Application Modernization Services Market by Organization Size
10.4.6.4.3 Rest of Middle East and Africa Application Modernization Services Market by Industry Vertical
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Application Modernization Services Market Overview
10.5.2 South and Central America Application Modernization Services Market Forecasts and Analysis
10.5.3 South and Central America Application Modernization Services Market Forecasts and Analysis - By Service
10.5.4 South and Central America Application Modernization Services Market Forecasts and Analysis - By Organization Size
10.5.5 South and Central America Application Modernization Services Market Forecasts and Analysis - By Industry Vertical
10.5.6 South and Central America Application Modernization Services Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Application Modernization Services Market
10.5.6.1.1 Brazil Application Modernization Services Market by Service
10.5.6.1.2 Brazil Application Modernization Services Market by Organization Size
10.5.6.1.3 Brazil Application Modernization Services Market by Industry Vertical
10.5.6.2 Argentina Application Modernization Services Market
10.5.6.2.1 Argentina Application Modernization Services Market by Service
10.5.6.2.2 Argentina Application Modernization Services Market by Organization Size
10.5.6.2.3 Argentina Application Modernization Services Market by Industry Vertical
10.5.6.3 Rest of South and Central America Application Modernization Services Market
10.5.6.3.1 Rest of South and Central America Application Modernization Services Market by Service
10.5.6.3.2 Rest of South and Central America Application Modernization Services Market by Organization Size
10.5.6.3.3 Rest of South and Central America Application Modernization Services Market by Industry Vertical

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. APPLICATION MODERNIZATION SERVICES MARKET, KEY COMPANY PROFILES
12.1. ACCENTURE PLC
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ASPIRE SYSTEMS
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DELL, INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HCL TECHNOLOGIES LIMITED
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. IBM CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MICROSOFT CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ORACLE CORPORATION
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. TECH MAHINDRA LIMITED
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. INFOSYS LIMITED
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZENSAR TECHNOLOGIES LTD
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Accenture PLC
2. Aspire Systems
3. Dell, Inc.
4. HCL Technologies Limited
5. IBM Corporation
6. Microsoft Corporation
7. Oracle Corporation
8. Tech Mahindra Limited
9. Infosys Limited
10. Zensar Technologies Ltd
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