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Application Modernization Services Market Is Predicted To Experience Substantial Rise In Growth In The Forecast Period 2023-2032
Application Modernization Services Market
The Business Research Company's Application Modernization Services Global Market Report 2023 identifies a rising number of businesses deploying digital technologies and applications is expected to drive the application modernization services market. Application modernization services enable businesses to modernize their IT infrastructure and application using cutting-edge technologies.
The global application modernization services market size is expected to grow from $15.63 billion in 2022 to $18.43 billion in 2023, at a compound annual growth rate (CAGR) of 17.9%. The application modernization services market size is expected to grow to $35.80 billion in 2027 at a CAGR of 18.0%.
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Major competitors in the application modernization services market are Aspire Systems Inc., BLU AGE, Dell Inc., HCL Technologies Limited, IBM Corporation, Micro Focus International plc, Microsoft Corporation, Oracle Corporation, Bell Integrator, Capgemini SE, Cognizant Technology Solutions Corporation, Asysco Inc., DXC Technology Company, Tech Mahindra Limited, Tata Consultancy Services Limited, Wipro Limited, Infosys Limited, TSRI, Modern Systems Inc., Hexaware Technologies Limited, and EPAM Systems Inc.
Technological advancements are a key trend in the application modernization services market. Major companies operating in the market are integrating new technologies such as the SMART Modernization service that works on AI, machine learning, and accelerate digital transformation technology to gain a competitive edge in the market.
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The application modernization services market is segmented -
• By Type: Cobol, ADA, PL/1, RPG, Assembler, PowerBuilder, Others Types
• By Cloud Deployment Mode: Private Cloud, Public Cloud, Hybrid Cloud
• By Application: Post Modernisation, Application Portfolio Assignment, Ui Modernisation, Cloud Application Mitigation, Application Integration, Application Re Platforming
• By Vertical: BFSI, Healthcare and Life Sciences, Telecommunications, IT and ITeS, Retail and Consumer Goods, Government and Public Sector, Energy and Utilities, Manufacturing, Others Vertical
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the application modernization services market.
The Business Research Company's "Global Application Modernization Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Application Modernization Services Market Include:
1. Application Modernization Services Market Executive Summary
2. Application Modernization Services Market Segments
3. Application Modernization Services Market Size And Application Modernization Services Market Growth Rate
4. Key Application Modernization Services Market Trends
5. Major Application Modernization Services Market Drivers
……
25. Key Mergers And Acquisitions In The Application Modernization Services Market
26. Top Application Modernization Services Companies
27. Application Modernization Services Market Opportunities And Strategies
28. Application Modernization Services Market, Conclusions And Recommendations
29. Appendix
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