Europe Application Modernization Services Market Size Analysis And Revenue, To Gain Substantial Traction Through 2030

Application modernization service addresses the migration of legacy to new applications or platforms, including the integration of new functionalities to businesses. Modernization options include re-platforming, re-hosting, recoding, re-architecting, re-engineering, interoperability, replacement, and retirement, as well as changes to the application architecture. The report combines in-depth quantitative analysis with exhaustive qualitative analysis, ranging from a macro-overview of the overall market size, industry chain, and market dynamics to micro details of segment markets by type, application, and region. As a result, the report offers a comprehensive view of the market that addresses all of its key facets. These market hypotheses are supported by data that comes from both primary and secondary research.

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Application modernization is not only about change of code, tools, and features but also the way of transferring information into new environments faster, cost-effectively, and without losing data quality & integrity. Increase in demand for cloud computing, surge in adoption of Big Data analytics software for leveraging advantages of Big Data, and rise in need to replace legacy applications are the key factors that drive the growth of the Europe application modernization services market. However, complexity of shifting on-premise to cloud, lack of skilled IT staff, and adopting and managing constant changes industry trends and business requirements majorly restrict the market growth. On the contrary, need for modern infrastructure and digital transformation are anticipated to create significant opportunities for growth of the application modernization services market.

The Europe application modernization services market is segmented into service, deployment mode, enterprise size, application, and country. In terms of service, the market is categorized into application portfolio assessment, cloud application migration, application re-platforming, application integration, and UI Modernization, and post modernization services. On the basis of deployment mode, it is divided into private cloud, public cloud, and hybrid cloud. Depending on enterprise size, it is segregated into large enterprises and SMEs. The applications covered in the study include BFSI, healthcare, IT & telecommunications, retail, government & public sector, energy & utilities, manufacturing, and others. Country wise, the market is analyzed across Austria, Germany, Switzerland, the UK, France, and rest of Europe.

KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the Europe application modernization services along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analyses on the market size is provided in the report.
- Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the Europe application modernization services from 2019 to 2027 is provided to determine the market potential.

KEY MARKET PLAYERS
- Aspire Systems
- Atos
- Bell Integrator
- Blu Age
- Capgemini
- DXC Technology Company
- HCL Technologies Limited
- IBM Corporation
- Micro Focus

KEY MARKET SEGMENTS
By Service
- Application Portfolio Assessment
- Cloud Application Migration
- Application Re-platforming
- Application Integration
- UI Modernization
- Post Modernization Services

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By Deployment Mode
- Private Cloud
- Public Cloud
- Hybrid Cloud

By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)

By Industry Vertical
- BFSI
- Healthcare
- IT & Telecommunications
- Retail
- Government & Public Sector
- Energy & Utilities
- Manufacturing
- Others

By Country
o Austria
o Germany
o UAE
o UK
o France
o Rest of Europe

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