Application Modernization Services Market Grow at 16.3% CAGR to 2024 | Accenture, Atos, Bell Integrator, Capgemini, Cognizant, Fujitsu, HCL, IBM, Macrosoft
Application modernization is the refactoring, re-purposing or consolidation of legacy software programming to align it more closely with current business needs.
The goal of an application modernization project is to create new business value from existing applications. An application is a program designed to perform a specific function directly for the user or, in some cases, for another application program. Keeping legacy applications running smoothly can be a time-consuming, resource-intensive process, especially when the software becomes so outdated that it becomes incompatible with newer versions of the underlying operating system (OS) or system hardware.
Application Modernization Tools is mainly divided into three subdivisions: Emulation, Translation and Business rules extraction. And Emulation was the most widely used area which took up about 45.43% of the global total in 2017. However, in the further, Business rules extraction is growing fast and will occupy more share. By language, Application Modernization Services market can be divided into Cobol, ADA, PL/1, RPG, Assembler and PowerBuilder, Cobol is the largest subdivision with the market share of 63.32% in 2017.
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Companies Profiled in this report includes: Accenture, Atos, Bell Integrator, Capgemini, Cognizant, Fujitsu, HCL, IBM, Macrosoft Inc., Tech Mahindra, TCS, Wipro, Infosys, DXC, Blu Age, TSRI, Modern Systems, Trinity Millennium, Micro Focus, Software Mining, Semantic Designs, Evolveware, Mapador, Fresche Legacy, Asysco, Expersolve, Metaware, MOST Technologies, Freesoft, Language Portability Solutions
United States is the largest consumption countries of Application Modernization Services in the world in the past few years and it will keep leader position in the next few years. United States market took up about 34.51% the global market in 2017, while Europe was about 30.70%.
United States is now the key developers of Application Modernization Services; most companies are in USA. Others are in Europe, Japan and India.
According to this study, over the next five years the Application Modernization Services market will register a 16.3% CAGR in terms of revenue, the global market size will reach US$ 25600 million by 2024, from US$ 10400 million in 2019. In particular, this report presents the global revenue market share of key companies in Application Modernization Services business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Application Modernization Services market by product type, application, key companies and key regions.
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To study and analyze the global Application Modernization Services market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Application Modernization Services market by identifying its various subsegments.
Focuses on the key global Application Modernization Services players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Application Modernization Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Application Modernization Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content:
2019-2024 Global Application Modernization Services Market Report (Status and Outlook)
1 Scope of the Report
2 Executive Summary
3 Global Application Modernization Services by Players
4 Application Modernization Services by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Application Modernization Services Market Forecast
11 Key Players Analysis
11.1.1 Company Details
11.1.2 Application Modernization Services Product Offered
11.1.3 Accenture Application Modernization Services Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Accenture News
11.2.1 Company Details
11.2.2 Application Modernization Services Product Offered
11.2.3 Atos Application Modernization Services Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 Atos News
11.3 Bell Integrator
11.3.1 Company Details
11.3.2 Application Modernization Services Product Offered
11.3.3 Bell Integrator Application Modernization Services Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 Bell Integrator News
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