Asia Pacific Application Modernization Tools Market to Reach US$ 7.04 Bn at a CAGR of 22.1% in 2027 | The Insight Partners

Asia Pacific Application Modernization Tools Market to 2027 - Regional Analysis and Forecasts by Product Type (COBOL, ADA, RPG, Assembler, PowerBuilder, Others); Application (Emulation, Translation, Business Rules Extraction)

Publication Month: Oct 2019 | Report Code: TIPRE00007022 | No. of Pages: 137 | Category: Technology, Media and Telecommunications | Status: Published

Asia-Pacific application modernization tools market is expected to grow from US$ 1.18 Bn in 2018 to US$ 7.04 Bn by the year 2027. This represents a CAGR of 22.1% from the year 2018 to 2027.

 

End-to-end business process optimization, increased operational efficiency, improved customer experience, and reduced costs are a few of the factors driving the application modernization tools market. The paradigm shift of enterprises from traditional channels to digital and automated channels results in multiple benefits ranging from improved efficiency to reduced cost and increased revenue opportunities. In addition to this, the rising technological advancements in cloud computing and storage technology, the power of cloud-based platforms has increased multi-fold during the past few years. Digital transformation implies new business models and engagement models with customers, stakeholders, and partners.

 

Companies are transforming their business digitally to compete effectively in the digital era. This digital transformation has a high impact on the application modernization tools market growth and is expected to drive the market significantly during the forecast period.

 

Currently, China is dominating the application modernization tools market in terms of adoption, which in turn boost the demand for application modernization tools market. China is one of the largest markets in APAC and therefore hosts a large number of IT enterprises. Due to the increasing need for better productivity, flexibility, and cost competitiveness, many of the companies in this country are opting for legacy modernization tools and services to meet the growing demand for advanced technologies. According to the Ministry of Industry and Information Technology, China, the IT and software services companies are constantly witnessing the growth and demanding legacy modernization tools and services to enhance their footprint in the country further. The figure given below highlights the revenue share of Rest of Asia-Pacific in the Asia-Pacific application modernization tools market in the forecast period:

 

Exhibit: Rest of Asia-Pacific Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)



 

ASIA-PACIFIC APPLICATION MODERNIZATION TOOLS MARKET - SEGMENTATION


Asia-Pacific Application Modernization Tools Market by Product Type

  • COBOL
  • ADA
  • RPG
  • Assembler
  • PowerBuilder
  • Others


Asia-Pacific Application Modernization Tools Market by Application

  • Emulation
  • Translation
  • Business Rules Extraction


Asia-Pacific Application Modernization Tools Market by Country

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC


Asia-Pacific Application Modernization Tools Companies Mentioned

  • Advanced Computer Software Group Limited
  • Aspire Systems (India) Pvt. Ltd.
  • Atos SE
  • Deloitte Touche Tohmatsu Limited
  • FreeSoft
  • IBM Corporation
  • Micro Focus International plc
  • Mphasis Limited
  • Semantic Designs
  • Virtusa Corporation

1.              Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.              Key Takeaways

3.              Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.              Asia-Pacific Application Modernization Tools Market Landscape

4.1       Market Overview

4.2       Ecosystem Analysis

4.3       PEST Analysis

4.3.1       Asia Pacific PEST Analysis

5.              Asia-Pacific Application Modernization Tools Market – Key Industry Dynamics

5.1       Key Market Drivers

5.1.1       Digital transformation across different industries to fuel the growth of application modernization market

5.2       Key Market Restraints

5.2.1       Huge investments required for implementation and up gradation

5.3       Key Market Opportunities

5.3.1       Integration with advanced technologies to create cutting edge solutions

5.4       Future Trends

5.4.1       Analytics and AI are expected to support the market growth during the forecast period

5.5       Impact Analysis of Drivers and Restraints

6.              Asia-Pacific Application Modernization Tools Market –Market Analysis

6.1       Asia-Pacific Application Modernization Tools Market Overview

6.2       Asia-Pacific Application Modernization Tools Market Forecast and Analysis

7.              Asia-Pacific Application Modernization Tools Market – By Product Type

7.1       Overview

7.2       Asia-Pacific Application Modernization Tools Market Breakdown, By Product Type, 2018 and 2027

7.3       COBOL

7.3.1       Overview

7.3.2       Asia-Pacific COBOL Market, Revenue and Forecast to 2027 (US$ Mn)

7.4       ADA

7.4.1       Overview

7.4.2       Asia-Pacific ADA Market, Revenue and Forecast to 2027 (US$ Mn)

7.5       RPG

7.5.1       Overview

7.5.2       Asia-Pacific RPG Market, Revenue and Forecast to 2027 (US$ Mn)

7.6       Assembler

7.6.1       Overview

7.6.2       Asia-Pacific Assembler Market, Revenue and Forecast to 2027 (US$ Mn)

7.7       PowerBuilder

7.7.1       Overview

7.7.2       PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)

7.8       Other

7.8.1       Overview

7.8.2       Asia-Pacific Other Market, Revenue and Forecast to 2027 (US$ Mn)

8.              Asia-Pacific Application Modernization Tools Market – By Application

8.1       Overview

8.2       Asia-Pacific Application Modernization Tools Market Breakdown, By Application, 2018 & 2027

8.3       Emulation

8.3.1       Overview

8.3.2       Asia-Pacific Emulation Market, Revenue and Forecast to 2027 (US$ Mn)

8.4       Translation

8.4.1       Overview

8.4.2       Asia-Pacific Translation Market, Revenue and Forecast to 2027 (US$ Mn)

8.5       Business Rules Extraction

8.5.1       Overview

8.5.2       Asia-Pacific Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)

9.              Asia-Pacific Application Modernization Tool Market – Country Analysis

9.1       Overview

9.1.1       APAC Application Modernization Tool Market Breakdown, By Country

9.1.1.1    China Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

9.1.1.1.1    China Application Modernization Tool Market Breakdown, By Product Type

9.1.1.1.2    China Application Modernization Tool Market Breakdown, By Application

9.1.1.2    Japan Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

9.1.1.2.1    Japan Application Modernization Tool Market Breakdown, By Product Type

9.1.1.2.2    Japan Application Modernization Tool Market Breakdown, By Application

9.1.1.3    India Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

9.1.1.3.1    India Application Modernization Tool Market Breakdown, By Product Type

9.1.1.3.2    India Application Modernization Tool Market Breakdown, By Application

9.1.1.4    South Korea Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

9.1.1.4.1    South Korea Application Modernization Tool Market Breakdown, By Product Type

9.1.1.4.2    South Korea Application Modernization Tool Market Breakdown, By Application

9.1.1.5    Australia Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

9.1.1.5.1    Australia Application Modernization Tool Market Breakdown, By Product Type

9.1.1.5.2    Australia Application Modernization Tool Market Breakdown, By Application

9.1.1.6    Rest of APAC Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

9.1.1.6.1    Rest of APAC Application Modernization Tool Market Breakdown, By Product Type

10.           Asia-Pacific Application Modernization Tools Market - Industry Landscape

10.1    Overview

10.2    Market Initiative

10.3    Merger and Acquisition

10.4    New Development

11.           Asia Pacific Application Modernization Tools Market- Company Profiles

11.1    Advanced Computer Software Group Limited

11.1.1    Key Facts

11.1.2    Business Description

11.1.3    Products and Services

11.1.4    Financial Overview

11.1.5    SWOT Analysis

11.1.6    Key Developments

11.2    Aspire Systems (India) Pvt. Ltd

11.2.1    Key Facts

11.2.2    Business Description

11.2.3    Products and Services

11.2.4    Financial Overview

11.2.5    SWOT Analysis

11.2.6    Key Developments

11.3    Atos SE

11.3.1    Key Facts

11.3.2    Business Description

11.3.3    Products and Services

11.3.4    Financial Overview

11.3.5    SWOT Analysis

11.3.6    Key Developments

11.4    Deloitte Touche Tohmatsu Limited

11.4.1    Key Facts

11.4.2    Business Description

11.4.3    Products and Services

11.4.4    Financial Overview

11.4.5    SWOT Analysis

11.4.6    Key Developments

11.5    FreeSoft, Inc.

11.5.1    Key Facts

11.5.2    Business Description

11.5.3    Products and Services

11.5.4    Financial Overview

11.5.5    SWOT Analysis

11.5.6    Key Developments

11.6    IBM Corporation

11.6.1    Key Facts

11.6.2    Business Description

11.6.3    Products and Services

11.6.4    Financial Overview

11.6.5    SWOT Analysis

11.6.6    Key Developments

11.7    Micro Focus International plc.

11.7.1    Key Facts

11.7.2    Business Description

11.7.3    Products and Services

11.7.4    Financial Overview

11.7.5    SWOT Analysis

11.7.6    Key Developments

11.8    Mphasis Limited

11.8.1    Key Facts

11.8.2    Business Description

11.8.3    Products and Services

11.8.4    Financial Overview

11.8.5    SWOT Analysis

11.8.6    Key Developments

11.9    Semantic Designs, Incorporated

11.9.1    Key Facts

11.9.2    Business Description

11.9.3    Products and Services

11.9.4    Financial Overview

11.9.5    SWOT Analysis

11.9.6    Key Developments

11.10  Virtusa Corporation

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12.           Appendix

12.1    About The Insight Partners

12.2    Glossary of Terms


LIST OF TABLES

Table 1.            Asia-Pacific Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.            APAC Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)

Table 3.            APAC Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)

Table 4.            APAC Application Modernization Tool Market – By Key Countries (US$ Mn)

Table 5.            China Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)

Table 6.            China Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)

Table 7.            Japan Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)

Table 8.            Japan Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)

Table 9.            India Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)

Table 10.         India Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)

Table 11.         South Korea Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)

Table 12.         South Korea Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)

Table 13.         Australia Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)

Table 14.         Australia Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)

Table 15.         Rest of APAC Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)

Table 16.         Asia- Pacific Glossary of Term: Application Modernization Tools Market

 

LIST OF FIGURES

Figure 1.          Asia-Pacific Application Modernization Tools Market Segmentation

Figure 2.          Asia-Pacific Application Modernization Tools Market Segmentation – By Country

Figure 3.          Asia-Pacific Application Modernization Tools Market - Competitive Scenario

Figure 4.          Asia-Pacific Application Modernization Tools Market, By Product Type

Figure 5.          Asia-Pacific Application Modernization Tools Market, By Application

Figure 6.          Asia-Pacific Application Modernization Tools Market Overview

Figure 7.          Application Modernization Tools Market Ecosystem Analysis

Figure 8.          Asia Pacific – PEST Analysis

Figure 9.          Asia-Pacific Application Modernization Tools Market Impact Analysis of Drivers and Restraints

Figure 10.       Asia-Pacific Application Modernization Tools Market Forecast and Analysis, (US$ Mn)

Figure 11.       Application Modernization Tools Market Breakdown, by Product Type, 2018 and 2027 (%)

Figure 12.       Asia Pacific COBOL Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 13.       Asia Pacific ADA Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 14.       Asia Pacific RPG Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 15.       Asia Pacific Assembler Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 16.       Asia Pacific PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 17.       Asia Pacific Other Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 18.       Asia-Pacific Application Modernization Tools Market Breakdown, By Application, 2018 & 2027 (%)

Figure 19.       Asia Pacific Emulation Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 20.       Asia Pacific Translation Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 21.       Asia Pacific Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)

Figure 22.       APAC Application Modernization Tool Market Breakdown, By Country, 2018 & 2027(%)

Figure 23.       China Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

Figure 24.       Japan Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

Figure 25.       India Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

Figure 26.       South Korea Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

Figure 27.       Australia Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

Figure 28.       Rest of APAC Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)

 

The List of Companies

  1. Advanced Computer Software Group Limited
  2. Aspire Systems (India) Pvt. Ltd.
  3. Atos SE
  4. Deloitte Touche Tohmatsu Limited
  5. FreeSoft
  6. IBM Corporation
  7. Micro Focus International plc
  8. Mphasis Limited
  9. Semantic Designs
  10. Virtusa Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific Application modernization tools market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific Application modernization tools market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.