Application Modernization Services Market (2024-2031): Industry Insights, SWOT Analysis, Market Size, Share, and Key Growth Factors | Leggett & Platt Incorporated Low & Bonar (Freudenberg & Co. KG) Ocean Non Wovens Pvt. Ltd.

Application modernization services market is anticipated to grow at a significant CAGR of 17.0% during the forecast period (2024-2031). Application modernization services providing companies assist organizations in updating their existing software applications to enhance efficiency, security, and scalability. These services address challenges such as the cost and maintenance of legacy applications, the need to keep up with security threats, and the need for a user-friendly interface. By implementing these services, companies can improve their applications' performance and security.

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The growing trend of businesses migrating their applications to the cloud owing to its offered benefits such as increased scalability, improved performance, and reduced costs is a major contributor to the growth of the global market. Application modernization services can help businesses migrate their applications to the cloud and integrate them with other cloud-based services.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Application Modernization Services Market by Service Type
o Deployment Portfolio Assessment
o Cloud Deployment Migration
o Deployment Re-Platforming
o Others

Global Application Modernization Services Market by Deployment
o Public Cloud
o Private Cloud
o Hybrid Cloud

Global Application Modernization Services Market by Size
o Large Enterprise
o SMEs

Global Application Modernization Services Market by Vertical Outlook
o BFSI
o Retail & E-commerce
o Manufacturing
o IT & Telecommunication
o Others

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o Middle East & Africa

Company Profiles
o Advanced Computer Software
o Applied Information Sciences
o Capgemini SE
o CleverDev Software
o Cognizant
o DXC Technology
o HCL Technologies
o NTT DATA Corp.
o ScienceSoft
o Sunera Technologies
o Tata Consultancy Services, Ltd.
o Ventech Solutions
o Winwire Technologies
o Wipro Ltd.

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global application modernization services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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