1. Market Research
  2. > ICT
  3. > Software Market Trends
Application Modernization Services Market by Service, Organization Size, Vertical And Region - Global Forecast to 2022

Application Modernization Services Market by Service, Organization Size, Vertical And Region - Global Forecast to 2022

  • October 2017
  • 121 pages
  • ID: 5160302
  • Format: PDF
  • By MarketsandMarkets

Summary

Table of Contents

Search Inside

The application modernization services market is projected to grow at a CAGR of 19.4% during the forecast period
The application modernization services market size is expected to grow from USD 6.87 billion in 2017 to USD 16.67 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period. The major driver for the upsurge in demand for the application modernization services market is the adoption of cloud computing in the application modernization strategy. The major restraining factor is the large investments made on legacy systems, which have delayed the application modernization plans.

Manufacturing vertical is expected to grow at the fastest rate during the forecast period
The manufacturing vertical is expected to witness the highest growth rate during the forecast period, owing to the need of improving the operational process, reducing the cost, and rolling out products in a quick time frame, further eliminating the location barriers. In addition, there is high penetration of advance technologies, such as cloud computing, big data and analytics, mobility, and artificial intelligence, which are transforming the manufacturing vertical.

Large enterprises segment is expected to hold the largest market share during the forecast period
The large enterprises segment is expected to hold the largest market share during the forecast period, owing to the need to reduce the high Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). Large enterprises have dedicated in-house IT resources, and with large IT budgets, they can consider a variety of application modernization strategies. In addition, they have a global presence, high market share, technical expertise, and an effective business strategy.

APAC is expected to grow at the fastest rate during the forecast period
As per the geographic analysis, the Asia Pacific (APAC) region is expected to witness the fastest growth in the application modernization services market, due to increased spending on improving the infrastructure, and the growing adoption of big data and cloud computing technologies. North America is expected to hold the largest market share during the forecast period, owing to the early adoption of application modernization services technology and high penetration of advance cloud technologies.

The break-up profiles of the primary discussion participants are given below:
• By Company Type: Tier 1 (45%), Tier 2 (35%), and Tier 3 (20%)
• By Designation: C-Level (50%), Director Level (30%), and Manager Level (20%)
• By Region: North America (40%), Europe (30%), APAC (20%), and RoW (10%)

The key application modernization services market vendors profiled in the report are as follows:
1. Accenture (Republic of Ireland)
2. Asysco (Netherlands)
3. Atos (France)
4. Bell Integrator (US)
5. Capgemini (France)
6. Cognizant (US)
7. Fujitsu (Japan)
8. HCL (India)
9. IBM (US)
10. Macrosoft Inc. (US)
11. Micro Focus (UK)
12. Oracle (US)
13. Tech Mahindra (India)
14. UST Global (US)

Research Coverage
The global application modernization services market has been segmented on the basis of services, organization sizes, verticals, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across different regions. In addition to this, the strength of service portfolio and business strategy excellence are some of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report
The report will help the market leaders/new entrants in the application modernization services market in the following ways:
1. The report segments the application modernization services market comprehensively and provides the closest approximations of the revenue numbers for the overall market and subsegments across different regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report helps the stakeholders understand the competitors and gain more insights to better their position in the market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Global Cloud/Mobile Backend as a Service (BaaS) Industry

Global Cloud/Mobile Backend as a Service (BaaS) Industry

  • $ 4950
  • February 2020

Cloud/Mobile Backend as a Service (BaaS) market worldwide is projected to grow by US$537.3 Billion, driven by a compounded growth of 82.8%. Data Integration, one of the segments analyzed and sized in this ...

ICT Investment Trends - Telco/service

ICT Investment Trends - Telco/service

  • $ 2995
  • October 2019

ICT Investment Trends - Telco/serviceSummaryICT Investment Trends in Telco/service a Customer Insight Survey report, is one of the many products in the Digital Industry product portfolio, which provides ...

Enterprise Application Integration Market - Growth, Trends, and Forecast (2019 - 2024)

Enterprise Application Integration Market - Growth, Trends, and Forecast (2019 - 2024)

  • $ 4250
  • December 2019

Market OverviewThe enterprise application integration market was valued at USD 6.55 billion in 2019, and it is expected to reach USD 16.20 billion by 2025, recording a CAGR of 16.32%, over the forecast ...

ICT Investment Trends - Retail $ 2995 October 2019

ICT Investment Trends - Defence $ 2995 November 2019


ref:plp2017

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on