openPR Logo
Press release

Application Modernization Services Market Set to Reach $40.2 Billion by 2030

02-15-2024 11:09 AM CET | IT, New Media & Software

Press release from: Meticulous Research®

Application Modernization Services Market

Application Modernization Services Market

Meticulous Research®, a renowned global leader in market research, has recently unveiled its latest research report titled 'Application Modernization Services Market.' The comprehensive study delves into various dimensions, including types such as Consulting, Cloud Migration, UI/UX Modernization, and Application Containerization, as well as Deployment Modes (Public and Private), Sectors, Organization Sizes, and Geographical trends. The report anticipates the global application modernization services market to achieve a remarkable valuation of $40.2 billion by the year 2030, projecting a significant CAGR of 17.4% from 2023 to 2030.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5521

The robust growth in this market is propelled by the escalating demand for enhanced software features, driven by the ever-changing dynamics of business environments. There is a growing need for flexibility and scalability in legacy applications, and enterprises are increasingly inclined towards modernizing legacy applications with advanced cloud capabilities. The presence of a substantial number of legacy and mainframe applications, coupled with a heightened focus on omnichannel integration and the rising adoption of containerization for rapid and secure application development and deployment, presents substantial opportunities for market growth.

Nevertheless, the market faces challenges in the form of high costs and complexities associated with application modernization services. Additionally, security and privacy concerns related to these services, coupled with a shortage of IT skills among employees, act as constraints on the market's growth trajectory.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/application-modernization-services-market-5521

The segmentation of the application modernization services market is based on type, deployment mode, sector, organization size, and geography. The report also includes a thorough evaluation of industry competitors and a comprehensive analysis of the market at both regional and country levels.

Key Players in the Industry:
The report profiles key players in the application modernization services market, including IBM Corporation (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Hewlett Packard Enterprise Company (U.S.), HCL Technologies (India), Capgemini (France), Atos (France), Infosys Limited (India), Cognizant (U.S.), Dell Inc. (U.S.), Fujitsu Limited (Japan), Bell Integrator Inc. (U.S.), Kyndryl Holdings, Inc. (U.S., and Softura (U.S.).

Segmentation Highlights:

Type:
• Application Modernization Consulting Services
• Cloud Migration Services
• UI/UX Modernization Services
• Application Containerization Services

Deployment Mode:
• Public Cloud
• Private Cloud

Sector:
• BFSI
• IT & Telecom
• Retail
• Media & Entertainment
• Healthcare & Life Sciences
• Government
• Manufacturing
• Transportation & Logistics
• Energy & Utilities
• Other Sectors

Organization Size:
• Large Enterprises
• Small & Medium-Sized Enterprises

Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Have Any Query ? Speak To Our Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5521

In 2023, the cloud migration segment is expected to dominate the market, driven by the imperative need for application agility, flexibility, and improved scalability and data security. The public cloud deployment mode is projected to hold the larger share, owing to its accessibility and cost-effectiveness. However, the private cloud segment is anticipated to record a higher CAGR during the forecast period.

Within sectors, IT & Telecom is poised to command the largest share in 2023, fueled by the sector's pursuit of increased operational efficiency, enhanced customer experience, and the transition from mainframe to cloud platforms. Simultaneously, the BFSI segment is forecasted to achieve the highest CAGR.

In terms of organization size, large enterprises are expected to dominate the market, attributed to their utilization of a vast number of legacy applications and a growing need to enhance the flexibility and scalability of these applications.

Quick Buy: https://www.meticulousresearch.com/Checkout/58575844

Geographically, North America is predicted to lead in 2023, owing to robust IT infrastructure, digital infrastructure investments, and the concentration of large enterprises. However, Asia-Pacific is poised to record the highest CAGR during the forecast period, driven by regional enterprises' increasing adoption of cloud-based technologies, the imperative to optimize legacy applications, and the surge in digital transformation initiatives.

In conclusion, Meticulous Research®'s report offers an extensive understanding of the Application Modernization Services Market, providing valuable insights for industry stakeholders, investors, and decision-makers. For a more in-depth analysis, the full report is available on Meticulous Research®'s website.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5521

Contact:

Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Application Modernization Services Market Set to Reach $40.2 Billion by 2030 here

News-ID: 3386084 • Views:

More Releases from Meticulous Research®

Military Satellite Payloads Market Set to Surge from US $13.9 B in 2025 to US $61 B by 2035, at a 15.9% CAGR
Military Satellite Payloads Market Set to Surge from US $13.9 B in 2025 to US $6 …
Military Satellite Payloads Market Analysis: Growth Drivers and Regional Dynamics to 2035 The military satellite payloads market (軍事衛星ペイロード市場) is a vital part of modern defense infrastructure. It enables advanced communications, surveillance, and reconnaissance capabilities that are essential for national security operations. This analysis examines the types of payloads driving market growth, compares growth rates with civilian sectors, explores regional market dynamics, and highlights expected procurement changes impacting industry suppliers. Payload Types Driving
Global MOOCs Market to Explode from USD 19.3 B in 2024 to USD 268.7 B by 2035 at a 27.2% CAGR
Global MOOCs Market to Explode from USD 19.3 B in 2024 to USD 268.7 B by 2035 at …
MOOC Market Forecast Analysis: Comparing Growth Projections and Market Valuations The Massive Open Online Course (MOOC) market (Mercato dei corsi online aperti su larga scala) shows a wide range of growth projections in the education technology sector. Different reports highlight significantly different compound annual growth rates and market valuations. This analysis looks at various forecasts to understand the reasons behind these differences and help in choosing suitable market data. Highest CAGR Projections:
Immersive Training Market Forecast to Rise from USD 17.9 B in 2025 to USD 174.9 B by 2035 at a 25.6% CAGR
Immersive Training Market Forecast to Rise from USD 17.9 B in 2025 to USD 174.9 …
Immersive Training Market Research Methodologies and Market Analysis The immersive training market (没入型トレーニング市場) is one of the fastest-growing segments in the educational technology field. Research methods differ widely among various market intelligence providers. This analysis looks at the main ways to estimate market size, define frameworks, identify growth patterns, and map the competitive landscape based on extensive industry research. Market Size Estimation Methodologies: Multi-Faceted Research Approaches The Meticulous Research report uses a thorough
Global Data Mining Tools Market to Surge from US $1.4 B in 2025 to US $4.4 B by 2035, Fueled by AI & Cloud Integration
Global Data Mining Tools Market to Surge from US $1.4 B in 2025 to US $4.4 B by …
Data Mining Tools Market Analysis: Vendor Landscape and Growth Projections 2025-2032 The data mining tools market (データマイニングツール市場 (dēta mainingu tsuuru shijō)) is one of the fastest-growing segments in the analytics field. It is fueled by rapid data growth, the integration of artificial intelligence, and the push for digital transformation in businesses. This detailed analysis looks at the vendor landscape, growth estimates, regional opportunities, and industry-specific demand trends. CAGR Calculation Methodology: Understanding the

All 5 Releases


More Releases for Services

Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure. With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price. To know why we do what we
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China. Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492