IT Modernization Service Research:the global IT Modernization Service market is projected to grow from US$ 30.73 billion in 2024 to US$ 64.71 billion by 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "IT Modernization Service- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for IT Modernization Service was estimated to be worth US$ 30730 million in 2024 and is forecast to a readjusted size of US$ 64730 million by 2031 with a CAGR of 11.4% during the forecast period 2025-2031.

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IT Modernization Service Market Summary
In the context of business, modernization refers to the ongoing process of adapting and upgrading various aspects of an organization to align with contemporary technological, operational, and market trends. Embracing modernization and cultivating a forward-thinking culture helps businesses remain competitive and relevant.
IT Modernization Service refers to the process of updating and upgrading an organization's information technology infrastructure, systems, and processes to align with current industry standards and best practices. This may involve migrating legacy systems to cloud-based platforms, implementing new software and hardware solutions, enhancing cybersecurity measures, and improving overall efficiency and performance. By modernizing their IT environment, organizations can increase productivity, reduce costs, enhance security, and better position themselves for future growth and innovation. Ultimately, modernization empowers businesses to enhance their efficiency, agility, and ability to meet customer expectations while staying resilient and adaptable in the face of industry disruptions and emerging opportunities.
Figure. IT Modernization Service Product Picture

Based on or includes research from QYResearch: Global IT Modernization Service Market Report 2025-2031.
According to the new market research report "Global IT Modernization Service Market Report 2025-2031", published by QYResearch, the IT modernization service market has been witnessing significant growth and transformation in recent years. In terms of market size, the global IT Modernization Service market is projected to grow from US$ 30.73 billion in 2024 to US$ 64.71 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 11.38% during the forecast period. This growth is driven by multiple factors. One of the key drivers is the need to reduce IT complexity and operational costs. Legacy applications often demand extensive maintenance, support, and substantial infrastructure resources, leading to high IT overheads and inefficiencies. By modernizing these applications, organizations can streamline their IT operations, cut infrastructure costs, and boost resource utilization.
Figure. Global IT Modernization Service Market Size (US$ Million), 2020-2031

Above data is based on report from QYResearch: Global IT Modernization Service Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.
Figure. Global IT Modernization Service Top 26 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Above data is based on report from QYResearch: Global IT Modernization Service Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.
This report profiles key players of IT Modernization Service such as IBM, HPE, Leidos, Fujitsu, Deloitte, etc.
In 2024, the global top five IT Modernization Service players account for 20.29% of market share in terms of revenue. Above figure shows the key players ranked by revenue in IT Modernization Service.
Figure. IT Modernization Service Market Share by Type (Market share based on 2024 revenue, continuously updated)

Based on or includes research from QYResearch: Global IT Modernization Service Market Report 2025-2031.
The market size of IT Modernization Service has further expanded, and the main categories are Application Modernization, Infrastructure Modernization, Data Modernization, Business Process Modernization.
Figure. IT Modernization Service, Global Market Share, Split by Application Segment (Market share based on 2024 revenue, continuously updated)

Based on or includes research from QYResearch: Global IT Modernization Service Market Report 2025-2031.
Based on the IT Modernization Service application, the IT Modernization Service market is segmented into several major parts, like Government, BFSI, Manufacturing, Telecom and Media, Healthcare.
The IT modernization service industry is currently experiencing the following trends:
Technological innovation driving change
Cloud computing continues to dominate: More and more enterprises are migrating their IT infrastructure and services to cloud platforms. The demand for cloud services is increasing, and enterprises are paying more attention to factors such as data security, reliability, and technical support when choosing cloud service providers. In addition, the development of industry - specific cloud platforms tailored to the unique data and regulatory needs of different industries is also a significant trend.
AI and machine learning integration deepens: AI technology is widely used in IT services for data analysis, customer service, intelligent operation and maintenance, etc., improving work efficiency and user experience. The integration of AI and machine learning into cloud services is also spurring market growth.
Edge computing and IoT integration advances: With the advent of 5G technology, edge computing can better leverage cloud computing capabilities, enabling real - time analytics and alerts through IoT devices in various industries. This integration is expected to continue to be a trend.
Market demand expansion and transformation
Increasing demand for digital transformation: Enterprises across various industries are recognizing the importance of digital transformation and are investing more in IT modernization to improve efficiency, reduce costs, and enhance competitiveness. This has led to a growing demand for IT consulting, training, and other services related to digital transformation.
Focus on security and compliance: With the extensive application of information technology, data security issues have become increasingly prominent. Enterprises are paying more attention to IT service compliance and security, such as meeting data privacy protection requirements and enhancing network security and data encryption technologies.
Industry competition intensifies
Diverse competition patterns: The IT modernization service market has a fragmented competitive landscape. In addition to large global technology service providers, there are also many niche and specialized firms. Large companies rely on their global presence, talent pools, and technological expertise to capture a large market share, while smaller firms gain a foothold by offering highly customized solutions.
Globalization of competition: International IT service companies are actively expanding into overseas markets, and domestic companies are also constantly rising and competing with international companies. The competition in the global IT modernization service market is becoming increasingly fierce.
Sustainable development becomes a key consideration
Green IT trends: With growing environmental awareness, sustainable development has become an important trend in the IT industry. Technology providers are focusing on building energy - efficient cloud data centers and using renewable energy sources to reduce carbon emissions and achieve green development.
Figure. Analysis of Drivers, Restraints and Challenges of the IT Modernization Service Industry

Based on or includes research from QYResearch: Global IT Modernization Service Market Report 2025-2031.

There are numerous market opportunities in IT modernization. The growing adoption of cloud computing is a major opportunity. The integration of Artificial Intelligence (AI) and Machine Learning (ML) into cloud services has further spurred this growth, with many organizations eager to take advantage of these advanced technologies. Additionally, the development of industry - specific cloud platforms, or "industry clouds," presents a significant opportunity. These platforms are tailored to meet the unique data and regulatory requirements of industries such as finance, healthcare, and retail, and are expected to be adopted at a high rate.​
Nevertheless, the market also faces several challenges. One of the major hurdles is the security threat landscape, especially as more IT operations are migrating to the cloud. According to a recent security survey, over 80% of new security breaches were detected in cloud environments. High - profile data breaches, like the one experienced by the Pentagon due to a misconfiguration in their cloud setup, underscore the importance of implementing robust security measures. Another challenge is the shortage of skilled developers. This scarcity impacts the implementation of low - code and no - code development platforms, which are part of the IT modernization trend.​
Looking ahead, future product trends in IT modernization services are likely to center around sustainability. Technology providers such as AWS, Google, and Microsoft are all aiming to become carbon - neutral or even carbon - negative within the next decade. This will drive the development of more energy - efficient cloud data centers, potentially powered by renewable energy sources like wind and solar. Moreover, enhanced edge computing and the integration of Internet of Things (IoT) devices will continue to be a trend. With the arrival of 5G technology, edge computing can fully harness the capabilities of the cloud, enabling real - time analytics and alerts through IoT devices in various sectors such as retail, manufacturing, and entertainment.​


The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The IT Modernization Service market is segmented as below:
By Company
IBM
CGI
Wipro
TCS
Capgemini
Cognizant
HCL Technologies
Tech Mahindra
Fujitsu
Atos
Infosys
DXC Technology
RSM
NTT DATA
HPE
EPAM
Mphasis
Leidos
AWS
Maximus
Innova Solutions
IGT Solutions
UST
Deloitte
PwC
Sparkhound
Mindbowser Infosolutions
USmax Corporation
Infopulse
Veritis Group
Auxis
Aspire Systems
Cloud4C
Chameleon
SHI
AWS
Innowise
Technik
Rocket Software
Eagle Hill
ScienceSoft
Radixweb
Computer Task Group
TierPoint
TEKsystems
CDW
Denodo
Bridgenext
UST
CBTS
Sun Technologies
Nutanix

Segment by Type
Application Modernization
Infrastructure Modernization
Data Modernization
Business Process Modernization

Segment by Application
Government
BFSI
Manufacturing
Telecom and Media
Healthcare
Other

Each chapter of the report provides detailed information for readers to further understand the IT Modernization Service market:

Chapter 1: Introduces the report scope of the IT Modernization Service report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of IT Modernization Service manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various IT Modernization Service market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of IT Modernization Service in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of IT Modernization Service in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth IT Modernization Service competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides IT Modernization Service comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides IT Modernization Service market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Global IT Modernization Service Market Insights, Forecast to 2031
Global IT Modernization Service Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global IT Modernization Service Market Research Report 2025
Global IT Modernization Service Market Insights, Forecast to 2030
Global and United States IT Modernization Service Market Report & Forecast 2024-2030
IT Modernization Service- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030
Global IT Modernization Service Market Research Report 2024

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