openPR Logo
Press release

Global Application Modernization Services Market Is Likely to Experience a Tremendous Growth by 2028

06-10-2022 11:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The global Application Modernization Services market is anticipated to grow at a CAGR of 16.6 % during the forecast period (2022-2028). Increased demand for enhanced software functionalities due to changes in the business landscape, increased demand for flexibility and scalability provided by cloud computing scalability, and the benefits of combining modern technologies with software systems are a few of the factors driving the application modernization services market growth. However, the increase in prices and complexities associated with application modernization is expected to further stymie market growth. Furthermore, the presence of a large number of legacy applications, software expansion, and the post-pandemic need for modern infrastructure to ensure business continuity will all provide growth opportunities in the application modernization services market.
Customers are increasingly using cloud-native architectures, particularly microservices, as they migrate their workloads to the cloud. Microservice-based architectures help improve scalability and velocity, but they can be difficult to implement. Spring Boot and Spring Cloud have helped many Java developers address these challenges by providing a robust platform with well-established patterns for developing and operating micro service applications. For instance, in October 2019, Microsoft launched Azure Spring Cloud in collaboration with Pivotal to make it easier to deploy and manage Spring Cloud applications.

Due to the presence of major key players in the North American region, the region is expected to hold a considerable share in the market during the forecast period. Furthermore, the increase in adoption and favourable infrastructure, as well as the increasing number of application modernization projects, will drive the growth of the market during the forecast period. Due to the increasing start-ups in the Asia-Pacific region, the region is expected to be the fastest-growing region during the forecast period. Furthermore, the rise of IT services organisations as a result of large government expenditure to improve IT infrastructure is expected to drive the growth of the application modernization services market in the region over the forecast period.

Get Sample Copy of Global Application Modernization Services Market at:

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Service
o By Cloud Deployment Mode
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Atos SE, Bell Integrator, Capgemini SE, Cognizant, Fujitsu Ltd., HCL Technologies, IBM Corp., Macrosoft Inc., Tech Mahindra, TCS, Wipro Ltd., Infosys Ltd., among others.

Get 15% Discount on Buying this Report:

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Application Modernization Services Market is available at:

Global Application Modernization Services Market Report by Segment

By Service
• Application Portfolio Assessment
• Cloud Application Migration
• Application Re-platforming
• Application Integration
• UI Modernization
• Post Modernization

By Cloud Deployment Mode
• Private Cloud
• Public Cloud
• Hybrid Cloud

By Application
• Healthcare
• IT & Telecommunications
• Retail and Consumer Goods
• Government and Public Sector
• Energy and Utilities
• Manufacturing
• Others

Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Contact no: +91 780-304-0404

About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Application Modernization Services Market Is Likely to Experience a Tremendous Growth by 2028 here

News-ID: 2649732 • Views: 237

More Releases from Orion Market Reports

Fast Food Wrapping Paper Market Is Likely to Experience a Tremendous Growth by 2 …
The Fast Food Wrapping Paper Market size is expected to grow at an annual average of CAGR 4% during the forecast period (2022-2028). Wrapping paper packaging is attracting attention in the global fast food packaging market due to its ease of storage and excellent functional properties that can keep food fresh for a long time. It is extensively used in fast food packaging in quick-service restaurants, full-service restaurants, cafes and
Beer Stabilizers Market to Witness Growth Acceleration by 2028
The Beer Stabilizers Market size is expected to grow at an annual average of CAGR 4% during the forecast period (2022-2028). Beer stabilizers are colloidal haze stabilizers that help improve the shelf life of beer. It is also used for microbial stabilization in alcoholic beverages such as wine and to remove unwanted particles in fruit juices that affect the overall taste and quality of the beverage. It helps manufacturers to
A2 Milk Market Booming Worldwide with Latest Trend and Future Scope by 2028
The A2 Milk Market size is expected to grow at an annual average of CAGR 14% during the forecast period (2022-2028). The liquid a2 milk segment held the largest share of the market. A2 milk is a variety of milk that lacks 1 beta casein protein and contains mainly only α2 beta casein protein. It is obtained from certain breeds of cattle, including Guernsey, Jersey, Holstein, and Brown Swiss.The demand
Blockchain in Agriculture Market Booming Worldwide with Latest Trend and Future …
The Blockchain in Agriculture Market size is expected to grow at an annual average of CAGR 47% during the forecast period (2022-2028). Although blockchain technology has attracted attention because of its role in the financial sector, it has a wide range of applications beyond cryptocurrencies. This technology will revolutionize many industries, including healthcare, law, real estate, and banking. However, a little-explored industry where blockchain has the potential to completely revolutionize

All 5 Releases

More Releases for Application

Travel Mobile Application Developers
we have extensive experience in creating high performance, feature-packed native mobile applications for all the major platforms including iOS, Android..Travayoo Mobile App Development takes its best position and strives to work with the growing outline. Rather than mobile app development, our company also works on B2B , B2C booking engine system. Our mobile application development process integrates design and development to come up with a flexible process that delivers result. INGENIUM
Application Delivery Network has added a new report titled “Global Application Delivery Network Report”, to the database, the report focuses on Product Price, Profit, Capacity, Production, Capacity Utilization, Supply, Demand and Industry Growth. Application Delivery Network combine various technologies of WAN Optimization, Application Delivery Controllers, Application Performance Monitoring and Application Security to form a comprehensive solution that effects faster and secured application
Enterprise Application Integration Market -
Enterprise application integration (EAI) aims towards consolidating, modernizing and coordinating various computer applications in an enterprise. It is the combination of processes, software and hardware resulting in a seamless integration of two or more enterprise systems allowing them to operate as one. Prior to the enterprise application integration (EAI), there was lack of concept of integration for corporate data as the IT systems were built in an unplanned manner. Enterprise
GLOBALG.A.P. calls for application
GLOBALG.A.P. calls producers to apply for G.A.P. Awards 2013 The G.A.P. Awards 2013 gives producers an opportunity to showcase their achievements and gain industry recognition for their hard work and dedicated efforts to implement Good Agricultural Practice on their farms. From overcoming an obstacle to become GLOBALG.A.P. certified to being the driving force behind the formation of a new National Technical Working Group, GLOBALG.A.P. invites all producers to share with their
iSnaaped Application New Version
At SPEC INDIA we take pride for being custom enterprise mobile solution provider for our international clients. We assure quality performance and customer satisfaction with every mobile solution. These apps are compatible with iPhone, iPad, Android Mobile and Android Tablets. SPEC INDIA developed and delivered various solutions for various international clients. iSnapped is available in multiple platforms like iPhone and Android. The application is mainly focusing on capturing user’s specific moment
PHP Application development India
PHP programming is an open source scripting language, which is not complicated. Today various websites use PHP programming because the open source platform makes the language quite flexible enough for making modifications in the coding of any website and adding any new application, which is an open source of many languages. Concept Infoway offers affordable PHP Application development India solutions that are used for dynamic building of the websites. PHP