Europe Application Modernization Tools Market to Reach US$ 9.91 Bn at a CAGR of 20.6% in 2027 | The Insight Partners

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)

Publication Month: Sep 2019 | Report Code: TIPRE00006673 | No. of Pages: 140 | Category: Technology, Media and Telecommunications | Status: Published

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:

 

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


 

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

 

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.           Europe Application Modernization Tools Market Landscape

4.1         Market Overview

4.2         Ecosystem Analysis

4.3         PEST Analysis

4.3.1        Europe PEST Analysis

5.           Europe Application Modernization Tools Market – Key Industry Dynamics

5.1         Key Market Drivers

5.1.1        Stringent regulatory compliances and growing need for its adherence

5.2         Key Market Restraints

5.2.1        High costs related to implementation and up gradation

5.3         Key Market Opportunities

5.3.1        Ease of implementation with other solutions

5.4         Future Trends

5.4.1        Adoption of technologies such as AI and Analytics to contribute to the market growth during the forecast period

5.5         Impact Analysis of Drivers and Restraints

6.           Europe Application Modernization Tools Market –Market Analysis

6.1         Europe Application Modernization Tools Market Overview

6.2         Europe Application Modernization Tools Market Forecast and Analysis

7.           Europe Application Modernization Tools Market – By Product Type

7.1         Overview

7.2         Europe Application Modernization Tools Market Breakdown, By Product Type, 2018 and 2027

7.3         COBOL

7.3.1        Overview

7.3.2        Europe COBOL Market, Revenue and Forecast to 2027 (US$ Mn)

7.4         ADA

7.4.1        Overview

7.4.2        Europe ADA Market, Revenue and Forecast to 2027 (US$ Mn)

7.5         RPG

7.5.1        Overview

7.5.2        Europe RPG Market, Revenue and Forecast to 2027 (US$ Mn)

7.6         Assembler

7.6.1        Overview

7.6.2        Europe Assembler Market, Revenue and Forecast to 2027 (US$ Mn)

7.7         PowerBuilder

7.7.1        Overview

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

7.8         Other

7.8.1        Overview

7.8.2        Europe Other Market, Revenue and Forecast to 2027 (US$ Mn)

8.           Europe Application Modernization Tools Market – By Application

8.1         Overview

8.2         Europe Application Modernization Tools Market Breakdown, By Application, 2018 & 2027

8.3         Emulation

8.3.1        Overview

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

8.4         Translation

8.4.1        Overview

8.4.2        Europe Translation Market, Revenue and Forecast to 2027 (US$ Mn)

8.5         Business Rules Extraction

8.5.1        Overview

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

9.           Europe Application Modernization Tool Market – Country Analysis

9.1         Overview

9.1.1        Europe Application Modernization Tool Market Breakdown, By Country

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

9.1.1.1.1          Germany Application Modernization Tool Market Breakdown, By Product Type

9.1.1.1.2          Germany Application Modernization Tool Market Breakdown, By Application

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

9.1.1.2.1          UK Application Modernization Tool Market Breakdown, By Product Type

9.1.1.2.2          UK Application Modernization Tool Market Breakdown, By Application

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

9.1.1.3.1          France Application Modernization Tool Market Breakdown, By Product Type

9.1.1.3.2          France Application Modernization Tool Market Breakdown, By Application

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

9.1.1.4.1          Italy Application Modernization Tool Market Breakdown, By Product Type

9.1.1.4.2          Italy Application Modernization Tool Market Breakdown, By Application

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

9.1.1.5.1          Russia Application Modernization Tool Market Breakdown, By Product Type

9.1.1.5.2          Russia Application Modernization Tool Market Breakdown, By Application

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

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

9.1.1.6.2          Rest of Europe Application Modernization Tool Market Breakdown, By Application

10.        Application Modernization Tools Market - Industry Landscape

10.1      Overview

10.2      Market Initiative

10.3      Merger and Acquisition

10.4      New Development

11.        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      Asysco Software BV

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      Atos SE

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      Blu Age

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      Deloitte Touche Tohmatsu Limited

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      FreeSoft, Inc.

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      Micro Focus International plc.

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      Mphasis Limited

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   SoftwareMining Technologies

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.             Europe Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)

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

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

Table 4.             Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Key Countries (US$ Mn)

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

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

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

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

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

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

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

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

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

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

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

Table 16.          Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Application  (US$ Mn)

Table 17.          Glossary of Term: Application Modernization Tools Market

 

LIST OF FIGURES

Figure 1.           Europe Application Modernization Tools Market Segmentation

Figure 2.           Europe Application Modernization Tools Market Segmentation – By Country

Figure 3.           Europe Application Modernization Tools Market - Competitive Scenario

Figure 4.           Europe Application Modernization Tools Market, By Product Type

Figure 5.           Application Modernization Tools Market, By Application

Figure 6.           Europe Application Modernization Tools Market Overview

Figure 7.           Application Modernization Tools Market Ecosystem Analysis

Figure 8.           Europe – PEST Analysis

Figure 9.           Europe Application Modernization Tools Market Impact Analysis of Drivers and Restraints

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The List of Companies

  1. Advanced Computer Software Group Limited
  2. Aspire Systems
  3. Asysco
  4. Atos SE
  5. Blu Age
  6. Deloitte Touche Tohmatsu Limited
  7. FreeSoft
  8. Micro Focus
  9. Mphasis
  10. Software Mining.
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  • Scrutinize indepth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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