Application Modernization Services Market Immense Development Trends and High Potential Growth across the Globe by 2030
According to HTF Market Intelligence, the Application Modernization Services Market is Anticipated to grow at a CAGR of 17.61% during the forecast period.
Application Modernization Services Market Overview
Application Modernization Services pertain to the transformation of legacy applications to optimized, modern applications or platforms. The major components of the services include assessment, migration, integration, re-platforming, rehosting, recoding, rearchitecting, reengineering, remediation, and replacement and retirement. The growing number of enterprises and need to for business agility and faster time to market is driving the demand for application modernization services globally
Some of the companies listed in the study from the complete survey list are Accenture (Ireland), IBM (United States), HCL (India), Oracle (United States), Softura (United States), TCS (India), Cognizant (United States), Capgemini (France), Bell Integrator (United States), Atos (France), Blu Age (France), Dell (United States), DXC Technology (United States), Fujitsu (Japan), Infosys (India), Innova Solutions (United States), MongoDB (United States), NTT Data (Japan), Virtusa (United States), Wipro (India).
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Market Trends
Leveraging Big Data Technologies
Market Drivers
Growing Need For Business Agility And Faster Time To Market
Adopting Cloud Computing In The Application Modernization Strategy
Serverless Solution To Applications Modernization
Market Opportunities:
Evolution Of Open Standards For Software Development
Benefits Of Integrating Modern Technologies With Software Systems
Application Modernization Services Market Segmentation
The Application Modernization Services Market is Segmented by Application (Application Portfolio Assessment, Cloud Application Migration, Application Replatforming, Application Integration, UI Modernization) by End User (Small & Medium Enterprises, Large Enterprises) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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