세계의 애플리케이션 현대화 서비스 시장(-2031년) : 서비스 유형별(클라우드 애플리케이션 전환, 애플리케이션 재플랫폼화, 포스트 현대화), 애플리케이션 유형별(레거시, 클라우드 호스트, 클라우드 네이티브)

The Application modernization services market was estimated to be USD 22.67 billion in 2025 and is expected to reach USD 51.45 billion by 2031 at a compound annual growth rate (CAGR) of 14.6%.

There are a few factors owing to which the application modernization services market is experiencing growth. In the era of rapid technological advancements, a business cannot afford to overlook the need to update its outdated applications in order to stay competitive and improve its efficiency. Often, when a business has grown sufficiently in scope, coverage, and network, the legacy systems in place can hardly meet current business demands because they are constrained by scale, flexibility, and integration with new-age technologies.

The increased use of cloud technology is another key driver, with many organizations aiming to utilize cloud providers due to the scalability and cost-effectiveness of their operations. As a result of this digital evolution, companies have been compelled to undergo application transformation, as it is essential that such applications integrate seamlessly with advanced technologies such as Artificial Intelligence, machine learning, and the Internet of Things.

Moreover, with the increasing focus on securing data and compliance, organizations are also actively migrating their deployments to newer versions of applications developed to meet the changing needs of regulations aimed at addressing cybersecurity issues. Additionally, better performance of applications and improving user experience with such applications are other reasons for enhanced modernization trends, since every business strives to improve how its customers interact with the business digitally. The need to reduce operating costs while increasing agility and speed to market is also a major factor, as application modernization enables the rollout of new features and services in a shorter period. Overall, these are the reasons for the high demand for services related to application modernization, as organizations seek to redesign their technological frameworks in response to their strategic objectives and operational effectiveness.

"The healthcare & life sciences vertical is expected to have the second-largest market size during the forecast period."

The healthcare sector is expected to capture a significant share of the application modernization services market, second only to the telecom industry, during the forecast period. This growth is driven by the rising demand for advanced digital solutions. The sector is undergoing a major transformation fueled by the increasing adoption of electronic health records, telemedicine, and AI-driven diagnostics. To support these advancements, healthcare providers require more efficient IT systems that enhance operational efficiency, improve patient care, and ensure compliance with regulatory standards. Additionally, the growing demand for cloud-based solutions that offer both security and scalability, along with seamless integration of new technologies into existing systems, continues to accelerate growth in this space.

"The cloud-native applications segment will witness the highest growth rate during the forecast period."

In the application modernization services, owing to their vast potential for growth in aspects such as scalability, flexibility, and efficiency over and above the others, cloud-native applications are projected to have a greater increase within the forecasted period. On the other hand, while legacy applications offer services as a single unit and often rely on underlying physical structures, such as servers and data centers, cloud-native applications are cloud-centric and are constructed using enhanced architectural designs, including those of microservices, containerized booting, and scheduling management systems. This allows players in the industry to adapt to changes in the business environment, increase resources when needed, and minimize unnecessary operational costs. Additionally, the increased use of cloud-based solutions and the maturation of cloud technologies are driving the need for cloud-native applications, as such solutions have overcome market challenges to deliver faster, better results, and an optimized user experience. The most important technological trend has also been the continuous and sustained drive towards digitalizing businesses' processes for improved efficiency, which therefore means the development of able and responsive system solutions to the modern need for cloud based solutions will make transition to the more use of cloud-native applications faster hence this explains the expected higher growth rate of such applications in the application modernization services market.

"Asia Pacific to register the highest growth rate during the forecast period."

The application modernization services market in the forecast period is expected to grow at a higher pace in the Asia-Pacific region, driven by several underlying factors. One of the reasons is the digital transformation of the region, which has been facilitated by the growing adoption of cloud computing and other emerging technologies, as well as the pursuit of efficiency in business operations. There is an increase in IT spending and digital activities in countries like China and India, creating a need for services to modernize aging management systems and incorporate new technologies. The growth of the sector is also enhanced by the efforts of global technology providers and the influx of local enterprises, which are enhancing competition. The increasing affluence of the population, along with the trend towards a more technologically inclined population, is another major factor driving the need for sophisticated and high-capacity application modernization services within the region.

Breakdown of primaries

The study offers insights from a range of industry experts, including solution vendors and Tier 1 companies. The break-up of the primaries is as follows:

• By Company Type: Tier 1 - 62%, Tier 2 - 23%, and Tier 3 - 15%
• By Designation: C-level -50%, D-level - 30%, and Others - 20%
• By Region: North America - 38%, Europe - 15%, Asia Pacific - 35%, Middle East & Africa - 7%, and Latin America - 5%.

The major players in the Application modernization services market include Oracle (US), IBM (US), Microsoft (US), AWS (US), HCL Technologies (India), Accenture (Ireland), ATOS (France), Capgemini (France), Cognizant (US), TCS (India), Aspire Systems (India), NTT Data Group Corporation (Japan), Infosys (India), Dell Technologies (US), Innova Solutions (US), EPAM Systems (US), DXC Technology (US), MongoDB (US), LTIMindtree (India), Wipro (India), Rocket Software (US), Fujitsu (Japan), Hexaware Technologies (India), Virtusa (US), Softura (US), CloudHedge (US), D3V Technology (US), Bayshore Intelligence (US), Opinov8 (UK), Icreon (US), Symphony Solutions (Netherlands), Cleveroad (Ukraine), Soft Suave (India), TechAhead (US), Geomotiv (US), PalmDigitalz (India), AveriSource (US), ScienceSoft (US), Simform (US), Utthunga (India), Rishabh Software (India), and Veritis (US). These players have adopted various growth strategies, including partnerships, agreements, collaborations, product launches, enhancements, and acquisitions, to expand their footprint in the application modernization services market.

Research Coverage

The market study covers the size of the application modernization services market across various segments. It aims to estimate the market size and growth potential across different segments, including service types, application types, verticals, and regions. The service type includes application portfolio assessment, cloud application migration, application re-platforming, application integration, UI/UX modernization, and post-modernization. Further, the application types include legacy applications, cloud-hosted applications, and cloud-native applications. The verticals include BFSI, healthcare & life sciences, telecom, IT & ITeS, retail & e-commerce, government, energy & utilities, transportation & logistics, media & entertainment, and manufacturing. The regional analysis of the Application modernization services market covers North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help market leaders/new entrants with information on the closest approximations of the global Application Modernization Services market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain valuable insights to better position their businesses and plan suitable go-to-market strategies. Moreover, the report will provide stakeholders with insights into the market's pulse, as well as information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

1. Analysis of key drivers (rising digital transformation initiatives, demand for flexibility and scalability through cloud computing, rapid technological advancements), restraints (high costs and complexity, legacy system dependencies), opportunities (emerging markets and SMEs, evolution of open standards for software development), and challenges (vendor lock-in and platform dependencies, managing technical debt) influencing the growth of the application modernization services market.

2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the application modernization services market.

3. Market Development: Comprehensive information about lucrative markets - the report analyses the application modernization services market across various regions.

4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the application modernization services market.

5. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players such as Oracle (US), IBM (US), Microsoft (US), AWS (US), HCL Technologies (India), Accenture (Ireland), ATOS SE (France), Capgemini (France), Cognizant (US), Tata Consultancy Services (India), Aspire Systems (India), NTT Data Group Corporation (Japan), Infosys (India), Dell Technologies (US), Innova Solutions (US), EPAM Systems (US), DXC Technology (US), MongoDB (US), LTIMindtree (India), Wipro (India), Rocket Software (US), Fujitsu (Japan), Hexaware Technologies (India), Virtusa (US), Softura (US), CloudHedge (US), D3V Technology (US), Bayshore Intelligence (US), Opinov8 (UK), Icreon (US), Symphony Solutions (Netherlands), Cleveroad (Ukraine), Soft Suave (India), TechAhead (US), Geomotiv (US), PalmDigitalz (India), AveriSource (US), ScienceSoft (US), Simform (US), Utthunga (India), Rishabh Software (India), and Veritis (US).

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKET SEGMENTATION AND REGIONS COVERED
  • 1.3.2 INCLUSIONS & EXCLUSIONS
• 1.4 YEARS CONSIDERED
• 1.5 CURRENCY CONSIDERED
• 1.6 STAKEHOLDERS
• 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
  • 2.1.1 SECONDARY DATA
  • 2.1.2 PRIMARY DATA
    • 2.1.2.1 Primary interviews with experts
    • 2.1.2.2 Breakdown of primary profiles
    • 2.1.2.3 Key insights from industry experts
• 2.2 MARKET SIZE ESTIMATION
  • 2.2.1 TOP-DOWN APPROACH
  • 2.2.2 BOTTOM-UP APPROACH
• 2.3 DATA TRIANGULATION
• 2.4 LIMITATIONS AND RISK ASSESSMENT
• 2.5 RESEARCH ASSUMPTIONS
• 2.6 LIMITATIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN APPLICATION MODERNIZATION SERVICES MARKET
• 4.2 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE
• 4.3 APPLICATION MODERNIZATION SERVICES MARKET, BY APPLICATION TYPE
• 4.4 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL
• 4.5 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE AND APPLICATION TYPE

5 MARKET OVERVIEW AND INDUSTRY TRENDS

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Rise in digital transformation initiatives
    • 5.2.1.2 Demand for flexibility and scalability through cloud computing
    • 5.2.1.3 Rapid technological advancements
    • 5.2.1.4 Shift toward modernization by cloud-native technologies
    • 5.2.1.5 Stringent regulatory compliance and security
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 High costs and complexity
    • 5.2.2.2 Legacy system dependencies
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Proliferation of Kubernetes and containerization
    • 5.2.3.2 Evolution of open standards for software development
    • 5.2.3.3 Emerging markets and SMEs
    • 5.2.3.4 Existence of large number of legacy applications
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Vendor lock-in and platform dependencies
    • 5.2.4.2 Managing technical debt
• 5.3 EVOLUTION OF APPLICATION MODERNIZATION SERVICES
• 5.4 APPLICATION MODERNIZATION SERVICES: ECOSYSTEM ANALYSIS
• 5.5 CASE STUDY ANALYSIS
  • 5.5.1 AIRBNB MODERNIZED RUBY ON RAILS MONOLITH USING KUBERNETES TO REDUCE TECH DEBT
  • 5.5.2 MODERNIZATION OF ATRUVIA AG'S BANKING APPLICATION
  • 5.5.3 LEGACY SYSTEMS' MODERNIZATION FOR BIOPHARMA BY HCL ON AWS
  • 5.5.4 APPLICATION MODERNIZATION FOR LEADING MEDICAL LABORATORY RESULTING IN BETTER ROI
  • 5.5.5 UNIPER ENERGY'S UK TRADING SOLUTIONS MODERNIZED BY INFOSYS
• 5.6 SUPPLY CHAIN ANALYSIS
• 5.7 REGULATORY LANDSCAPE
  • 5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.7.2 REGULATIONS
    • 5.7.2.1 North America
      • 5.7.2.1.1 US
      • 5.7.2.1.2 Canada
    • 5.7.2.2 Europe
      • 5.7.2.2.1 UK
      • 5.7.2.2.2 Germany
    • 5.7.2.3 Asia Pacific
      • 5.7.2.3.1 South Korea
      • 5.7.2.3.2 China
      • 5.7.2.3.3 Japan
      • 5.7.2.3.4 India
    • 5.7.2.4 Middle East & Africa
      • 5.7.2.4.1 UAE
      • 5.7.2.4.2 KSA
    • 5.7.2.5 Latin America
      • 5.7.2.5.1 Brazil
      • 5.7.2.5.2 Mexico
• 5.8 PRICING ANALYSIS
  • 5.8.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY SERVICE TYPE, 2024
  • 5.8.2 INDICATIVE PRICING ANALYSIS, BY SERVICE FEATURE, 2024
• 5.9 PORTER'S FIVE FORCES ANALYSIS
  • 5.9.1 THREAT OF NEW ENTRANTS
  • 5.9.2 THREAT OF SUBSTITUTES
  • 5.9.3 BARGAINING POWER OF BUYERS
  • 5.9.4 BARGAINING POWER OF SUPPLIERS
  • 5.9.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.10 TECHNOLOGY ANALYSIS
  • 5.10.1 KEY TECHNOLOGIES
    • 5.10.1.1 Cloud platforms
    • 5.10.1.2 Containerization
    • 5.10.1.3 DevOps tools and CI/CD pipelines
    • 5.10.1.4 Microservices architecture
    • 5.10.1.5 API management platforms
    • 5.10.1.6 Low-code/No-code platforms
  • 5.10.2 ADJACENT TECHNOLOGIES
    • 5.10.2.1 Edge computing
    • 5.10.2.2 5G and next-generation networks
    • 5.10.2.3 Blockchain
    • 5.10.2.4 Quantum computing
    • 5.10.2.5 Augmented reality (AR) and virtual reality (VR)
  • 5.10.3 COMPLEMENTARY TECHNOLOGIES
    • 5.10.3.1 AI/ML integration
    • 5.10.3.2 Robotic process automation (RPA)
    • 5.10.3.3 Identity and access management (IAM)
    • 5.10.3.4 Data lakes and data warehousing
    • 5.10.3.5 Enterprise service bus (ESB)
• 5.11 PATENT ANALYSIS
• 5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
• 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.13.2 BUYING CRITERIA
• 5.14 KEY CONFERENCES AND EVENTS, 2025-2026
• 5.15 TECHNOLOGY ROADMAP FOR APPLICATION MODERNIZATION SERVICES MARKET
  • 5.15.1 SHORT-TERM ROADMAP (2026-2027)
  • 5.15.2 MID-TERM ROADMAP (2028-2029)
  • 5.15.3 LONG-TERM ROADMAP (2030-2031)
• 5.16 BEST PRACTICES IN APPLICATION MODERNIZATION SERVICES MARKET
  • 5.16.1 CONDUCT THOROUGH ASSESSMENT
  • 5.16.2 DEFINE CLEAR GOALS AND OBJECTIVES
  • 5.16.3 DEVELOP MODERNIZATION ROADMAP
  • 5.16.4 CHOOSE RIGHT MODERNIZATION APPROACH
  • 5.16.5 PRIORITIZE APPLICATIONS FOR MODERNIZATION
  • 5.16.6 OPTIMIZE FOR CLOUD
  • 5.16.7 ENSURE CONTINUOUS MONITORING AND OPTIMIZATION
  • 5.16.8 ENGAGE STAKEHOLDERS THROUGHOUT PROCESS
• 5.17 CURRENT AND EMERGING BUSINESS MODELS
  • 5.17.1 PLATFORM-AS-A-SERVICE (PAAS)
  • 5.17.2 CONSULTATIVE SERVICES MODEL
  • 5.17.3 OUTCOME-BASED MODELS
  • 5.17.4 OPEN-SOURCE MODEL
  • 5.17.5 CO-DEVELOPMENT MODEL
  • 5.17.6 AUTOMATED MODELS
• 5.18 INVESTMENT AND FUNDING SCENARIO
• 5.19 IMPACT OF GENERATIVE AI ON APPLICATION MODERNIZATION SERVICES MARKET
  • 5.19.1 IMPACT OF AI/GENERATIVE AI ON APPLICATION MODERNIZATION SERVICES
  • 5.19.2 USE CASES OF GENERATIVE AI IN APPLICATION MODERNIZATION SERVICES
  • 5.19.3 BEST PRACTICES
    • 5.19.3.1 BFSI Industry
    • 5.19.3.2 IT & ITeS Industry
    • 5.19.3.3 Telecom Industry
  • 5.19.4 CASE STUDIES OF GENERATIVE AI IMPLEMENTATION
    • 5.19.4.1 Modernizing a mission critical banking app
    • 5.19.4.2 Cloud-first ERP renewal for a manufacturer
    • 5.19.4.3 Zero-downtime auction platform scale-out
  • 5.19.5 CLIENT READINESS AND IMPACT ASSESSMENT
    • 5.19.5.1 Client A: Global retail bank
    • 5.19.5.2 Client B: Industrial manufacturer
    • 5.19.5.3 Client C: Digital marketplace
• 5.20 IMPACT OF 2025 US TARIFF - OVERVIEW
  • 5.20.1 INTRODUCTION
• 5.21 KEY TARIFF RATES
• 5.22 PRICE IMPACT ANALYSIS
• 5.23 IMPACT ON COUNTRY/REGION
  • 5.23.1 NORTH AMERICA
  • 5.23.2 EUROPE
  • 5.23.3 APAC
• 5.24 INDUSTRIES
• 5.25 7 'R'S OF APPLICATION MODERNIZATION
  • 5.25.1 REHOST
  • 5.25.2 RE-PLATFORM
  • 5.25.3 REFACTOR
  • 5.25.4 REVISE
  • 5.25.5 REBUILD
  • 5.25.6 REPLACE
  • 5.25.7 RETIRE

6 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE

• 6.1 INTRODUCTION
  • 6.1.1 SERVICE TYPE: MARKET DRIVERS
  • 6.1.2 APPLICATION PORTFOLIO ASSESSMENT
    • 6.1.2.1 Need for strategic evaluation to streamline modernization paths to drive initial adoption of portfolio assessments
  • 6.1.3 CLOUD APPLICATION MIGRATION
    • 6.1.3.1 Rapid adoption of cloud infrastructure to support these services as businesses seek scalability and cost-efficiency
  • 6.1.4 APPLICATION RE-PLATFORMING
    • 6.1.4.1 Demand for performance optimization without complete rewrites
  • 6.1.5 APPLICATION INTEGRATION
    • 6.1.5.1 Increase in complexity of hybrid environments to drive need for seamless application integration across cloud and legacy systems
  • 6.1.6 UI/UX MODERNIZATION
    • 6.1.6.1 Growth in emphasis on user-centric digital experiences to sustain demand for UI/UX modernization
  • 6.1.7 POST-MODERNIZATION SERVICES
    • 6.1.7.1 Ongoing need for support in maintaining modernized applications to ensure steady, albeit slower, growth of post-modernization services

7 APPLICATION MODERNIZATION SERVICES MARKET, BY APPLICATION TYPE

• 7.1 INTRODUCTION
  • 7.1.1 APPLICATION TYPE: MARKET DRIVERS
  • 7.1.2 LEGACY APPLICATIONS
    • 7.1.2.1 Need to reduce operational costs of legacy applications and integrate with modern technologies
  • 7.1.3 CLOUD-HOSTED APPLICATIONS
    • 7.1.3.1 Growth in demand for scalable and cost-efficient IT infrastructure to fuel adoption of cloud-hosted application modernization
  • 7.1.4 CLOUD-NATIVE APPLICATIONS
    • 7.1.4.1 Push for innovation, scalability, and speed in digital transformation to drive rapid adoption of cloud-native applications

8 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL

• 8.1 INTRODUCTION
  • 8.1.1 VERTICAL: MARKET DRIVERS
• 8.2 BFSI
  • 8.2.1 NEED FOR SECURE, SCALABLE, AND EFFICIENT FINANCIAL SERVICES
  • 8.2.2 BFSI: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.2.2.1 Core banking system modernization
    • 8.2.2.2 Claims processing overhaul
    • 8.2.2.3 Digital customer portals
    • 8.2.2.4 Real-time risk management
    • 8.2.2.5 Payment gateway integration
• 8.3 IT & ITES
  • 8.3.1 NEED FOR AGILE SERVICE DELIVERY AND TECHNOLOGICAL INTEGRATION
  • 8.3.2 IT & ITES: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.3.2.1 ERP cloud migration
    • 8.3.2.2 Unified IT management systems
    • 8.3.2.3 Customer support systems modernization
    • 8.3.2.4 Cloud-native software optimization
    • 8.3.2.5 Hybrid cloud management systems
• 8.4 HEALTHCARE & LIFE SCIENCES
  • 8.4.1 NEED FOR IMPROVED PATIENT CARE, DIGITAL HEALTH SOLUTIONS, AND EFFICIENT DATA MANAGEMENT
  • 8.4.2 HEALTHCARE & LIFE SCIENCES: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.4.2.1 EHR cloud migration
    • 8.4.2.2 Pharmaceutical research modernization
    • 8.4.2.3 Health insurance claims
    • 8.4.2.4 Telemedicine platforms
    • 8.4.2.5 Medical device connectivity
• 8.5 MANUFACTURING
  • 8.5.1 DRIVE TOWARD SMART FACTORIES AND REAL-TIME SUPPLY CHAIN OPTIMIZATION
  • 8.5.2 MANUFACTURING: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.5.2.1 Smart factory implementations
    • 8.5.2.2 Predictive maintenance solutions
    • 8.5.2.3 Integrated supply chain management
    • 8.5.2.4 Quality control enhancements
    • 8.5.2.5 Collaborative robotics integration
• 8.6 TELECOM
  • 8.6.1 RAPID GROWTH OF 5G NETWORKS AND DEMAND FOR ENHANCED SERVICE DELIVERY
  • 8.6.2 TELECOM: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.6.2.1 5G network management modernization
    • 8.6.2.2 Cloud-based CRM systems
    • 8.6.2.3 Billing system integration
    • 8.6.2.4 Network automation
    • 8.6.2.5 Self-service portal modernization
• 8.7 TRANSPORTATION & LOGISTICS
  • 8.7.1 DEMAND FOR REAL-TIME VISIBILITY AND OPERATIONAL EFFICIENCY
  • 8.7.2 TRANSPORTATION & LOGISTICS: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.7.2.1 Cloud-based fleet management systems
    • 8.7.2.2 Integrated warehouse management
    • 8.7.2.3 Enhanced shipping portals
    • 8.7.2.4 Visibility and responsiveness improvements
    • 8.7.2.5 Predictive analytics for demand forecasting
• 8.8 MEDIA & ENTERTAINMENT
  • 8.8.1 NEED FOR INNOVATIVE CONTENT DELIVERY AND PERSONALIZED VIEWER EXPERIENCES
  • 8.8.2 MEDIA & ENTERTAINMENT: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.8.2.1 Cloud-based content delivery networks
    • 8.8.2.2 Personalized user experiences
    • 8.8.2.3 Digital asset management systems
    • 8.8.2.4 Enhanced audience analytics
    • 8.8.2.5 Integrated marketing solutions
• 8.9 RETAIL & E-COMMERCE
  • 8.9.1 ADOPTION OF PERSONALIZED CUSTOMER EXPERIENCES AND STREAMLINED OPERATIONS
  • 8.9.2 RETAIL & E-COMMERCE: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.9.2.1 Cloud-based inventory management
    • 8.9.2.2 Customer loyalty program modernization
    • 8.9.2.3 POS and e-commerce integration
    • 8.9.2.4 Demand forecasting modernization
    • 8.9.2.5 Scalable e-commerce platforms
• 8.10 GOVERNMENT
  • 8.10.1 NEED FOR ENHANCED CITIZEN ENGAGEMENT AND EFFICIENT SERVICE DELIVERY
  • 8.10.2 GOVERNMENT: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.10.2.1 Citizen services cloud migration
    • 8.10.2.2 Document management system overhaul
    • 8.10.2.3 Inter-agency communication integration
    • 8.10.2.4 User-friendly public service apps
    • 8.10.2.5 Disaster recovery planning
• 8.11 OTHER VERTICALS
  • 8.11.1 OTHER VERTICALS: APPLICATION MODERNIZATION SERVICE USE CASES
    • 8.11.1.1 Cloud-based booking systems
    • 8.11.1.2 Personalized travel recommendations
    • 8.11.1.3 Cloud-based student information systems
    • 8.11.1.4 Interactive virtual classrooms
    • 8.11.1.5 Adaptive learning platforms

9 APPLICATION MODERNIZATION SERVICES MARKET, BY REGION

• 9.1 INTRODUCTION
• 9.2 NORTH AMERICA
  • 9.2.1 NORTH AMERICA: MACROECONOMIC OUTLOOK
  • 9.2.2 US
    • 9.2.2.1 Rise in prevalence of AI advancements, automation, and next-gen network technologies
  • 9.2.3 CANADA
    • 9.2.3.1 Government-backed digital initiatives and cloud adoption to fuel modernization across public and private sectors
• 9.3 EUROPE
  • 9.3.1 EUROPE: MACROECONOMIC OUTLOOK
  • 9.3.2 UK
    • 9.3.2.1 Stringent regulations support adoption of application modernization services in UK
  • 9.3.3 GERMANY
    • 9.3.3.1 Strong focus on Industry 4.0 and smart manufacturing, and need for advanced networking solutions
  • 9.3.4 FRANCE
    • 9.3.4.1 Increased demand for digital services and automation to boost modernization across sectors
  • 9.3.5 ITALY
    • 9.3.5.1 Transformation of legacy infrastructure, particularly in finance and telecom
  • 9.3.6 REST OF EUROPE
• 9.4 ASIA PACIFIC
  • 9.4.1 ASIA PACIFIC: MACROECONOMIC OUTLOOK
  • 9.4.2 CHINA
    • 9.4.2.1 Significant investments by key players and need for rapid development and adoption of new technologies
  • 9.4.3 JAPAN
    • 9.4.3.1 Increase in adoption of advanced technologies and integration with AI and automation
  • 9.4.4 INDIA
    • 9.4.4.1 Growing focus on cloud and network connectivity powered by AI technology
  • 9.4.5 REST OF ASIA PACIFIC
• 9.5 MIDDLE EAST & AFRICA
  • 9.5.1 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
  • 9.5.2 UAE
    • 9.5.2.1 Economic Vision 2030's focus on digital transformation to key driver for modernization in public and private sectors
  • 9.5.3 KSA
    • 9.5.3.1 Saudi's need for digital transformation driven by Vision 2030 agenda
  • 9.5.4 AFRICA
    • 9.5.4.1 Growing need for digital infrastructure and modernized telecom and financial systems
  • 9.5.5 REST OF MIDDLE EAST & AFRICA
• 9.6 LATIN AMERICA
  • 9.6.1 LATIN AMERICA: MACROECONOMIC OUTLOOK
  • 9.6.2 BRAZIL
    • 9.6.2.1 Ongoing investments in telecom infrastructure and modernization projects
  • 9.6.3 MEXICO
    • 9.6.3.1 Shift toward cloud modernization in public and financial sectors
  • 9.6.4 REST OF LATIN AMERICA

10 COMPETITIVE LANDSCAPE

• 10.1 INTRODUCTION
• 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022-2025
• 10.3 MARKET SHARE ANALYSIS
  • 10.3.1 MARKET RANKING ANALYSIS
• 10.4 REVENUE ANALYSIS, 2020-2024
• 10.5 BRAND/PRODUCT COMPARISON
• 10.6 COMPANY VALUATION AND FINANCIAL METRICS
• 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 10.7.1 STARS
  • 10.7.2 EMERGING LEADERS
  • 10.7.3 PERVASIVE PLAYERS
  • 10.7.4 PARTICIPANTS
  • 10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
    • 10.7.5.1 Company footprint
    • 10.7.5.2 Service type footprint
    • 10.7.5.3 Application type footprint
    • 10.7.5.4 Vertical footprint
    • 10.7.5.5 Regional footprint
• 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 10.8.1 PROGRESSIVE COMPANIES
  • 10.8.2 RESPONSIVE COMPANIES
  • 10.8.3 DYNAMIC COMPANIES
  • 10.8.4 STARTING BLOCKS
  • 10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    • 10.8.5.1 Key startups/SMEs
    • 10.8.5.2 Competitive benchmarking of key startups/SMEs
• 10.9 COMPETITIVE SCENARIO
  • 10.9.1 PRODUCT LAUNCHES
  • 10.9.2 DEALS

11 COMPANY PROFILES

• 11.1 KEY PLAYERS
  • 11.1.1 IBM
    • 11.1.1.1 Business overview
    • 11.1.1.2 Products/Solutions/Services offered
    • 11.1.1.3 Recent developments
      • 11.1.1.3.1 Product launches
      • 11.1.1.3.2 Deals
    • 11.1.1.4 MnM view
      • 11.1.1.4.1 Key strengths
      • 11.1.1.4.2 Strategic choices
      • 11.1.1.4.3 Weaknesses and competitive threats
  • 11.1.2 MICROSOFT
    • 11.1.2.1 Business overview
    • 11.1.2.2 Products/Solutions/Services offered
    • 11.1.2.3 Recent developments
      • 11.1.2.3.1 Product launches
      • 11.1.2.3.2 Deals
    • 11.1.2.4 MnM view
      • 11.1.2.4.1 Key strengths
      • 11.1.2.4.2 Strategic choices
      • 11.1.2.4.3 Weaknesses and competitive threats
  • 11.1.3 HCL TECHNOLOGIES
    • 11.1.3.1 Business overview
    • 11.1.3.2 Products/Solutions/Services offered
    • 11.1.3.3 Recent developments
      • 11.1.3.3.1 Product launches
      • 11.1.3.3.2 Deals
    • 11.1.3.4 MnM view
      • 11.1.3.4.1 Key strengths
      • 11.1.3.4.2 Strategic choices
      • 11.1.3.4.3 Weaknesses and competitive threats
  • 11.1.4 ACCENTURE
    • 11.1.4.1 Business overview
    • 11.1.4.2 Platforms/Solutions/Services offered
    • 11.1.4.3 Recent developments
      • 11.1.4.3.1 Deals
    • 11.1.4.4 MnM view
      • 11.1.4.4.1 Key strengths
      • 11.1.4.4.2 Strategic choices
      • 11.1.4.4.3 Weaknesses and competitive threats
  • 11.1.5 AWS
    • 11.1.5.1 Business overview
    • 11.1.5.2 Products/Solutions/Services offered
    • 11.1.5.3 Recent developments
      • 11.1.5.3.1 Deals
    • 11.1.5.4 MnM view
      • 11.1.5.4.1 Right to win
      • 11.1.5.4.2 Strategic choices
      • 11.1.5.4.3 Weaknesses and competitive threats
  • 11.1.6 ATOS
    • 11.1.6.1 Business overview
    • 11.1.6.2 Platforms/Solutions/Services offered
    • 11.1.6.3 Recent developments
      • 11.1.6.3.1 Product launches
      • 11.1.6.3.2 Deals
    • 11.1.6.4 MnM view
      • 11.1.6.4.1 Key strengths
      • 11.1.6.4.2 Strategic choices
      • 11.1.6.4.3 Weaknesses and competitive threats
  • 11.1.7 CAPGEMINI
    • 11.1.7.1 Business overview
    • 11.1.7.2 Platforms/Solutions/Services offered
    • 11.1.7.3 Recent developments
      • 11.1.7.3.1 Product launches
      • 11.1.7.3.2 Deals
    • 11.1.7.4 MnM view
      • 11.1.7.4.1 Key strengths
      • 11.1.7.4.2 Strategic choices
      • 11.1.7.4.3 Weaknesses and competitive threats
  • 11.1.8 ORACLE
    • 11.1.8.1 Business overview
    • 11.1.8.2 Products/Solutions/Services offered
    • 11.1.8.3 Recent developments
      • 11.1.8.3.1 Product launches
      • 11.1.8.3.2 Deals
    • 11.1.8.4 MnM view
      • 11.1.8.4.1 Key strengths
      • 11.1.8.4.2 Strategic choices
      • 11.1.8.4.3 Weaknesses and competitive threats
  • 11.1.9 COGNIZANT
    • 11.1.9.1 Business overview
    • 11.1.9.2 Platforms/Solutions/Services offered
    • 11.1.9.3 Recent developments
      • 11.1.9.3.1 Deals
  • 11.1.10 TCS
    • 11.1.10.1 Business overview
    • 11.1.10.2 Platforms/Solutions/Services offered
    • 11.1.10.3 Recent developments
      • 11.1.10.3.1 Product launches
      • 11.1.10.3.2 Deals
  • 11.1.11 INNOVA SOLUTIONS
  • 11.1.12 EPAM SYSTEMS
  • 11.1.13 ASPIRE SYSTEMS
  • 11.1.14 NTT DATA
  • 11.1.15 DELL TECHNOLOGIES
  • 11.1.16 DXC TECHNOLOGY
  • 11.1.17 LTIMINDTREE
  • 11.1.18 INFOSYS
  • 11.1.19 WIPRO
  • 11.1.20 ROCKET SOFTWARE, INC.
  • 11.1.21 FUJITSU
  • 11.1.22 HEXAWARE TECHNOLOGIES
  • 11.1.23 VIRTUSA
  • 11.1.24 MONGODB
  • 11.1.25 SCIENCESOFT
  • 11.1.26 SIMFORM
  • 11.1.27 UTTHUNGA
  • 11.1.28 RISHABH SOFTWARE
• 11.2 STARTUPS/SMES
  • 11.2.1 SOFTURA
  • 11.2.2 CLOUDHEDGE TECHNOLOGIES PVT. LTD.
  • 11.2.3 D3V TECHNOLOGY
  • 11.2.4 BAYSHORE INTELLIGENCE SOLUTIONS
  • 11.2.5 OPINOV8
  • 11.2.6 ICREON
  • 11.2.7 SYMPHONY SOLUTIONS
  • 11.2.8 CLEVEROAD
  • 11.2.9 TECHAHEAD
  • 11.2.10 GEOMOTIV
  • 11.2.11 SOFT SUAVE
  • 11.2.12 PALMDIGITALZ
  • 11.2.13 AVERISOURCE
  • 11.2.14 VERITIS

12 ADJACENT AND RELATED MARKETS

• 12.1 INTRODUCTION
• 12.2 DIGITAL TRANSFORMATION MARKET
  • 12.2.1 MARKET DEFINITION
• 12.3 MAINFRAME MODERNIZATION MARKET
  • 12.3.1 MARKET DEFINITION

13 APPENDIX

• 13.1 DISCUSSION GUIDE
• 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 13.3 CUSTOMIZATION OPTIONS
• 13.4 RELATED REPORTS
• 13.5 AUTHOR DETAILS