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Application Modernization Services - Global Market Trajectory & Analytics

  • ID: 4805095
  • Report
  • April 2021
  • Region: Global
  • 144 pages
  • Global Industry Analysts, Inc
Global Application Modernization Services Market to Reach $32.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Application Modernization Services estimated at US$9.6 Billion in the year 2020, is projected to reach a revised size of US$32.9 Billion by 2027, growing at a CAGR of 19.2% over the analysis period 2020-2027. Application Integration, one of the segments analyzed in the report, is projected to record a 20.2% CAGR and reach US$13.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud Application Migration segment is readjusted to a revised 19.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 18.4% CAGR

The Application Modernization Services market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.6 Billion by the year 2027 trailing a CAGR of 18.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 16.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.

Application Replatforming Segment to Record 18.8% CAGR

In the global Application Replatforming segment, USA, Canada, Japan, China and Europe will drive the 18.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4 Billion by the year 2027.

Select Competitors (Total 42 Featured):
  • Accenture
  • Asysco, Inc.
  • Atos SA
  • Bell Integrator
  • Capgemini SE
  • Cognizant Technology Solutions Corporation
  • Fujitsu Ltd.
  • HCL Technologies Ltd.
  • IBM Corporation
  • Macrosoft Inc.
  • Micro Focus International PLC
  • Oracle Corporation
  • Tech Mahindra Ltd.
  • UST Global
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Application Modernization: An Introduction
  • Application Modernization Services and Benefits
  • Rationalizing Applications
  • Migrating to Cloud Platform
  • Developing New Applications for Cloud
  • Using Automation and AI
  • The Need and Strategy for Modernizing Legacy Systems
  • Key Migration Options for Modernizing Applications
  • Creating Business Value from Existing Apps
  • Key Services
  • Application Integration
  • Cloud Application Migration
  • Application Replatforming
  • Application Portfolio Assessment
  • Application Modernization Services: Industry Overview
  • US Dominates with Largest Market Share
  • Application Integration: Leading Services Segment
  • Small and Medium Enterprises: Fastest Growing Organization Size Segment
  • Key Vendors in the Application Modernization Services Marketplace
  • Impact of Covid-19 and a Looming Global Recession
  • Customer Centered Innovation: New Approach to Modernization
  • Migration Strategy and Planning: Key to Success of Cloud Migration
  • Serverless Solution to Applications Modernization
  • Strategies for Application Migration: Replatform or Rehost
  • Replatforming: Maximizing Profits through Porting Business Application to Cloud
  • Cloud Migration Drive Transformation in Restaurant Industry
  • Transforming Legacy Systems: Why and How
  • Modernization of Legacy System: Preparing for Digital Future
  • Legacy Modernization: Challenges
  • Application Modernization: Key Challenges
  • Table 1: World Current & Future Analysis for Application Modernization Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Application Modernization Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Application Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Application Integration by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for Cloud Application Migration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Cloud Application Migration by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 7: World Current & Future Analysis for Application Replatforming by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for Application Replatforming by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 9: World Current & Future Analysis for Application Portfolio Assessment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for Application Portfolio Assessment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 11: World Current & Future Analysis for Other Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 12: World 7-Year Perspective for Other Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 13: World Current & Future Analysis for Large Enterprises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 14: World 7-Year Perspective for Large Enterprises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 15: World Current & Future Analysis for SMEs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 16: World 7-Year Perspective for SMEs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
  • Table 17: USA Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 18: USA 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 19: USA Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 20: USA 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 21: Canada Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 22: Canada 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 23: Canada Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 24: Canada 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 25: Japan Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 26: Japan 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 27: Japan Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 28: Japan 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 29: China Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 30: China 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 31: China Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 32: China 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 33: Europe Current & Future Analysis for Application Modernization Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 34: Europe 7-Year Perspective for Application Modernization Services by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • Table 35: Europe Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 36: Europe 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 37: Europe Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 38: Europe 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 39: France Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 40: France 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 41: France Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 42: France 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 43: Germany Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 44: Germany 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 45: Germany Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 46: Germany 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 47: Italy Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 48: Italy 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 49: Italy Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 50: Italy 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 51: UK Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 52: UK 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 53: UK Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 54: UK 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 55: Rest of Europe Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 56: Rest of Europe 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 57: Rest of Europe Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 58: Rest of Europe 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 59: Asia-Pacific Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 60: Asia-Pacific 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 61: Asia-Pacific Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 62: Asia-Pacific 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
  • Table 63: Rest of World Current & Future Analysis for Application Modernization Services by Service - Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 64: Rest of World 7-Year Perspective for Application Modernization Services by Service - Percentage Breakdown of Value Sales for Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment and Other Services for the Years 2020 & 2027
  • Table 65: Rest of World Current & Future Analysis for Application Modernization Services by Organization Size - Large Enterprises and SMEs - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
  • Table 66: Rest of World 7-Year Perspective for Application Modernization Services by Organization Size - Percentage Breakdown of Value Sales for Large Enterprises and SMEs for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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