Press release
Businesses Embrace Digital Trends Is Fueling The Application Modernization Services Market: A Key Catalyst Accelerating Application Modernization Services Market Growth in 2025
Application Modernization Services
Application Modernization Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for application modernization services has seen exponential growth in recent years. The market is projected to expand from $21.13 billion in 2024 to $24.58 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 16.3%. Factors contributing to this historic growth include business process optimization, cost efficiency, user experience improvements, management challenges related to data, market competitiveness, and the necessity for innovation.
Application Modernization Services Market Size Forecast: What's the Projected Valuation by 2029?
The market size for application modernization services is forecasted to experience remarkable growth in the forthcoming years, swelling to $51.92 billion by 2029 with an impressive compound annual growth rate (CAGR) of 20.6%. Among the factors contributing to the growth during this forecast period are mobile-centric strategies, the dynamics of remote work, evolving customer expectations, requirements for elastic scalability, considerations about data privacy and compliance, and environmental sustainability. Key developments projected during the forecasting period encompass emerging trends like the adoption of cloud-native solutions, architecture using microservices, incorporation of containerization and orchestration, integration of DevOps, shift to API-first approaches, measures related to security and compliance, and the hybrid and multi-cloud strategies.
View the full report here:
https://www.thebusinessresearchcompany.com/report/application-modernization-services-global-market-report
What Are the Drivers Transforming the Application Modernization Services Market?
The application modernization services market is poised for growth, buoyed by an increasing array of companies implementing digital technologies and apps. These digital technologies encompass electronic systems, devices, and resources that create, hold, or manipulate data. Businesses are equipped with application modernization services which allow them to revamp their IT infrastructure and apps through advanced technologies. For example, data from Whatfix, an Indian SaaS-based digital adoption platform, indicates that global IT spending is set to hit $5 trillion by 2024, an uptick of 8.6% from 2023's figures, set in October. This surge underscores the escalating importance companies are assigning to digital technologies in order to enhance operations and be receptive to shifting market requirements. Consequently, the burgeoning number of corporations leveraging digital technologies and apps propels the application modernization services market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7951&type=smp
What Long-Term Trends Will Define the Future of the Application Modernization Services Market?
Advancements in technology constitute a prominent trend in the market for application modernization services. Leading organizations in this sector are integrating modern technologies like AI, machine learning, and speed up digital transformation technology to create a market advantage. AVEVA, a UK corporation specializing in industrial software, demonstrated this trend in October 2023, when they unveiled a new strategy featuring a Hybrid Cloud Manufacturing Execution System. This state-of-the-art system features advanced functionalities for processing data in real-time and analytics, equipping manufacturers with the tools necessary to streamline operations and enhance decision-making processes. This introduction showcases AVEVA's dedication to fostering digital transformation in manufacturing with a versatile solution powered by hybrid cloud technology.
Which Segments in the Application Modernization Services Market Offer the Most Profit Potential?
The application modernization services market covered in this report is segmented -
1) By Type: Cobol, ADA, PL Or 1, RPG, Assembler, PowerBuilder, Others Types
2) By Cloud Deployment Mode: Private Cloud, Public Cloud, Hybrid Cloud
3) By Application: Post Modernization, Application Portfolio Assignment, Ui Modernization, Cloud Application Mitigation, Application Integration, Application Re Platforming
4) 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
Subsegments:
1) By Cobol: Cobol To Java Migration, Cobol To .NET Migration
2) By ADA: ADA Code Conversion, ADA Integration Services
3) By PL Or 1: PL Or 1 Modernization, PLOr 1 To Java Migration
4) By RPG: RPG To Java Migration, RPG Web Enabling
5) By Assembler: Assembler Code Conversion, Assembler Modernization Solutions
6) By PowerBuilder: PowerBuilder Migration To Web, PowerBuilder Application Reengineering
7) By Other Types: Legacy Application Modernization, Database Modernization, Custom Application Development
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7951&type=smp
Which Firms Dominate the Application Modernization Services Market by Market Share and Revenue in 2025?
Major companies operating in the application modernization services market are accenture* PLC, Aspire Systems Inc., Asysco Inc., Bell Integrator Inc., Blu Age Corp., Capgemini SE, Cognizant Technology Solutions Corporation, Dell Inc., DXC Technology Company, EPAM Systems Inc., HCL Technologies Limited, Hexaware Technologies Limited, IBM Corporation, Infosys Limited, Micro Focus International PLC, Microsoft Corporation, Modern Systems Inc., Oracle Corporation, Tata Consultancy Services Limited, Tech Mahindra Limited, The Software Revolution Inc., Wipro Limited, Atos Information Technology Incorporated, Deloitte Touche Tohmatsu LLC, Cuelogic Technologies Pvt. Ltd., Mindtree Consulting Private Limited, Larsen & Toubro Infotech Ltd., Virtusa Consulting Services Private Limited, Nippon Telegraph and Telephone Public Corporation, Trianz Holdings Private Limited, Persistent Systems and Solutions Limited, Sonata Software Ltd.
Which Regions Offer the Highest Growth Potential in the Application Modernization Services Market?
North America was the largest region in the application modernization services market in 2024. The regions covered in the application modernization services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7951
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Businesses Embrace Digital Trends Is Fueling The Application Modernization Services Market: A Key Catalyst Accelerating Application Modernization Services Market Growth in 2025 here
News-ID: 4083723 • Views: …
More Releases from The Business Research Company
Emerging Innovations Set to Redefine the Sewer Rehabilitation Services Market La …
How Large Is the Sewer Rehabilitation Services Market Anticipated to Become by 2025?
The global market for sewer rehabilitation services has experienced robust expansion lately, projected to increase from a valuation of $42.38 billion in 2024 to $45.14 billion in the subsequent year, reflecting a compound annual growth rate (CAGR) of 6.5%. This historical upward trajectory is primarily fueled by several key factors: escalating levels of urbanization, the ever-aging condition of…
2025-2034 Sea Based C4ISR Market Outlook: Emerging Drivers, Growth Barriers, and …
What Market Size Will the Sea Based C4ISR Sector Reach by 2025?
The maritime C4ISR market experienced substantial expansion lately, projected to climb from a value of $3.0 billion in 2024 to $3.17 billion the following year, reflecting a compound annual growth rate of 5.7%. This upward trend observed over the historical period stems from several factors, including the intensification of naval modernization initiatives, escalating maritime security perils, augmentation in defense…
The Impact of Rapid Urbanization on the Ripening Culture Market: A Key Force Sha …
What Is the Forecasted Size of the Ripening Culture Market by 2025?
The market for ripening cultures has experienced substantial expansion lately, projected to increase from a valuation of $1.46 billion in 2024 to $1.57 billion a year later, demonstrating a consistent yearly growth rate (CAGR) of 7.7%. This upward trajectory during the past period stems from several key factors, including heightened demand for fermented dairy items, greater recognition of the…
Strong Demand Anticipated to Drive Recirculating Chillers Market Toward $2.76 Bi …
How Much Expansion Is Expected in the Recirculating Chillers Market by 2025?
The market encompassing recirculating chillers has seen swift expansion lately, projected to escalate from a value of $1.65 billion in 2024 to $1.83 billion by the ensuing year, reflecting an impressive compound annual growth rate (CAGR) of 11.2%. This upward trajectory during the historical timeframe stems from several factors, including the proliferation of automated systems in industrial procedures, escalating…
More Releases for Application
Email Application Market Size Analysis by Application, Type, and Region: Forecas …
According to Market Research Intellect, the global Email Application market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The Email Application Market is growing quickly because more and more people and businesses need to be able…
Travel Application Market Size Analysis by Application, Type, and Region: Foreca …
USA, New Jersey- According to Market Research Intellect, the global Travel Application market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
Due to the growing need for digital travel solutions and the growing usage of smartphones, the travel application industry is growing quickly. Travellers' preference…
Web Application Development Company Creates Application Replatforming Guide
Image: https://www.getnews.info/wp-content/uploads/2024/09/1725267563.jpeg
Orases, a custom software development company located in Frederick, MD, has recently unveiled its new "Application Replatforming Guide." This comprehensive guide is designed to help businesses understand the importance of modernizing their legacy systems and provides a step-by-step approach to successfully execute replatforming projects.
Frederick, Maryland - September 2, 2024 - Orases, a Frederick-based application replatforming agency [https://orases.com/replatforming/], is excited to announce the release of its latest resource, the…
POS Printer Market Report 2018: Segmentation by Type (Impact, Thermal, Others) b …
Global POS Printer market research report provides company profile for Bixolon, Boca Systems, Cognitive TPG, CUSTOM SPA, NCR, Pertech Industries, Woosim, Zebra and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also…
High Voltage Super Junction MOSFET Market Report 2018: Segmentation by Type (SMT …
Global High Voltage Super Junction MOSFET market research report provides company profile for Fuji Electric, IceMOS Technology, ROHM, Vishay, DACO Semicondusctor, STMicroelectronics, Renesas Electronics, ON Semiconductor (Fairchild Semiconductor), Alpha & Omega Semiconductor, Infineon Technologies Toshiba and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth…
Waste to Energy Market Report 2018: Segmentation by Technology (Thermal, Biologi …
Global Waste to Energy market research report provides company profile for Waste Management Inc., Suez Environment S.A., C&G Environmental Protection Holdings, Constructions industrielles de la Mediterranee (CNIM), China Everbright International Limited, Covanta Energy Corporation, Foster Wheeler A.G., Abu Dhabi National Energy Company PJSC and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to…
