Europe Application Modernization Tools Market Analysis, Size, and Share by 2027

Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027

Europe 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)

Report Date : Sep 2019
Report Code : TIPRE00006673

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 140

Page Updated: Oct 2019

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

Europe application modernization tools market in is expected to grow from US$ 1.87 Bn in 2018 to US$ 9.91 Bn by the year 2027. This represents a CAGR of 20.6% from the year 2018 to 2027.

The application modernization services offer application code conversion, enhance the user experience, integration & automation, and others. Enterprises across the globe are engaged in application modernization initiatives to stay ahead in the competitive market. The application modernization is driven by digital transformation initiative across the industries. With the implementation of stringent regulatory compliances, enterprises must upgrade its application and legacy based on the compliances & standards. Regulations such as GDPR and PCI DSS are playing a vital role in the application modernization market. Enterprises are modernizing its legacy to make competitive differentiation.

Healthcare and BFSI sector is profoundly impacted by the standards and regulations set by the various government bodies. Enterprises must upgrade its business rules as per the regulations. These regulations are making it mandatory for enterprises to modernize their applications. The stringent regulatory compliances are significantly driving the application modernization tools market during the forecast period.

Currently, Germany is dominating the application modernization tools market in terms of adoption, which in turn boost the demand for application modernization tools market. Germany is a highly industrialized country, and its economically leading industries include chemicals, automotive, electronics, and food & beverages. Through its economic and innovation policies, the country focuses on the digital economy; digital infrastructure; innovative public administration; digital workplaces; digital environments in society, science, research, education, security, protection, culture, and media; and European and international dimension of the Digital Agenda. Also, Germany is a significant FinTech market in Europe and the fourth-largest in the world. On the back of such developed ICT and FinTech sector, the demand for application modernization tools is anticipated to flourish during the forecast period. The figure given below highlights the revenue share of Rest of Europe in the Europe application modernization tools market in the forecast period:

Rest of Europe in Europe Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

EUROPE APPLICATION MODERNIZATION TOOLS MARKET - SEGMENTATION

Europe Application Modernization Tools Market by Product Type

COBOL
ADA
RPG
Assembler
PowerBuilder
Others

Europe Application Modernization Tools Market by Application

Emulation
Translation
Business Rules Extraction

Europe Application Modernization Tools Market by Country

Germany
UK
France
Russia
Italy
Rest of Europe

Europe Application Modernization Tools Companies Mentioned

Advanced Computer Software Group Limited
Aspire Systems
Asysco
Atos SE
Blu Age
Deloitte Touche Tohmatsu Limited
FreeSoft
Micro Focus
Mphasis
Software Mining

Europe Application Modernization Tools Report Scope

Report Attribute	Details
Market size in 2018	US$ 1.87 Billion
Market Size by 2027	US$ 9.91 Billion
Global CAGR (2018 - 2027)	20.6%
Historical Data	2016-2017
Forecast period	2019-2027
Segments Covered	By Product Type COBOL ADA RPG Assembler PowerBuilder By Application Emulation Translation Business Rules Extraction
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	Advanced Computer Software Group Limited Aspire Systems Asysco Atos SE Blu Age Deloitte Touche Tohmatsu Limited FreeSoft Micro Focus Mphasis

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Europe Application Modernization Tools Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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