Press release
Application Modernization Services Market is expected to reach 32000 million US$ with a CAGR of 15.1% during 2018-2025
Application Modernization Services Market
In 2017, the global Application Modernization Services market size was 10400 million US$ and it is expected to reach 32000 million US$ by the end of 2025, with a CAGR of 15.1% during 2018-2025.
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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.
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%.
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United States is now the key developers of Application Modernization Services; most companies are in USA. Others are in Europe, Japan and India.
In terms of product type, the global Application Modernization Services market is segmented into the following:
• Cobol
• ADA
• PL/1
• RPG
• Assembler
• PowerBuilder
• Others
Product X is currently leading in terms of value and volume owing to high demand from across all regions. Product Y is expected to gain traction since new technology and changing customers trends is expected to push the demand for it. Product Y is hence is expected to record the highest growth rate for the forecast period.
In terms of application, the global Application Modernization Services market is segmented as follows:
• Emulation
• Translation
• Business Rules Extraction
Application X holds the highest share in the global Application Modernization Services market. Application Y is expected to record the highest growth rate and can even surpass the market share of Application X by the end of the forecast period.
By end users, the global Application Modernization Services market is segmented into:
• 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
End user X is the highest share holder in terms of value and volume and End user Y is expected to record a high growth rate for the forecast period based on the data of the changing market trends.
The global Application Modernization Services market report provides a detailed analysis of the regional segmentation. The Application Modernization Services market is segmented into the following regions:
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
Region X is a more matured market and is the highest with US$ XX million in value at the end of 2018. Region Y is showcasing high growth rate as the overall income of the population is on the rise and people have a higher amount of disposable income available.
The global Application Modernization Services market includes a detailed SWOT analysis and competitive landscape analysis as well that provides customers with key insights into what the top companies are working on. Every top player and their respective company profiles are covered in detail including the latest news and updates of acquisitions and mergers.
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Application Modernization Services Market Size Growth Rate by Type (2013-2025)
1.4.2 Cobol
1.4.3 ADA
1.4.4 PL/1
1.4.5 RPG
1.4.6 Assembler
1.4.7 PowerBuilder
1.4.8 Others
1.5 Market by Application
1.5.1 Global Application Modernization Services Market Share by Application (2013-2025)
1.5.2 Emulation
1.5.3 Translation
1.5.4 Business Rules Extraction
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Application Modernization Services Market Size
2.2 Application Modernization Services Growth Trends by Regions
2.2.1 Application Modernization Services Market Size by Regions (2013-2025)
2.2.2 Application Modernization Services Market Share by Regions (2013-2018)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Application Modernization Services Market Size by Manufacturers
3.1.1 Global Application Modernization Services Revenue by Manufacturers (2013-2018)
3.1.2 Global Application Modernization Services Revenue Market Share by Manufacturers (2013-2018)
3.1.3 Global Application Modernization Services Market Concentration Ratio (CR5 and HHI)
3.2 Application Modernization Services Key Players Head office and Area Served
3.3 Key Players Application Modernization Services Product/Solution/Service
3.4 Date of Enter into Application Modernization Services Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
4.1 Global Application Modernization Services Market Size by Type (2013-2018)
4.2 Global Application Modernization Services Market Size by Application (2013-2018)
Continued…
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