1 INTRODUCTION 26
1.1 INTRODUCTION TO COVID-19 26
1.2 COVID-19 HEALTH ASSESSMENT 26
FIGURE 1 COVID-19: THE GLOBAL PROPAGATION 26
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 27
1.3 COVID-19 ECONOMIC ASSESSMENT 28
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 28
1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 29
FIGURE 4 CRITERIA IMPACTING THE GLOBAL ECONOMY 29
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY 30
1.4 OBJECTIVES OF THE STUDY 31
1.5 MARKET DEFINITION 31
1.5.1 INCLUSIONS AND EXCLUSIONS 32
1.6 MARKET SCOPE 32
1.6.1 MARKET SEGMENTATION 32
1.6.2 REGIONS COVERED 33
1.6.3 YEARS CONSIDERED FOR THE STUDY 33
1.7 CURRENCY CONSIDERED 34
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2016–2019 34
1.8 STAKEHOLDERS 34

2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 6 APPLICATION MODERNIZATION SERVICES MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.2 PRIMARY DATA 36
2.1.2.1 Breakup of primary profiles 37
2.1.2.2 Key industry insights 37
2.2 MARKET BREAKUP AND DATA TRIANGULATION 38
FIGURE 7 DATA TRIANGULATION 38
2.3 MARKET SIZE ESTIMATION 39
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1- (SUPPLY SIDE): REVENUE FROM SERVICES OF THE APPLICATION MODERNIZATION SERVICES MARKET 39
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1- BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE FROM SERVICES OF THE APPLICATION MODERNIZATION SERVICES MARKET 39
2.4 MARKET FORECAST 40
TABLE 2 FACTOR ANALYSIS 40
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS 41
2.5.1 ASSUMPTIONS FOR THE STUDY 41
2.5.2 LIMITATIONS OF THE STUDY 42

3 EXECUTIVE SUMMARY 43
FIGURE 10 APPLICATION RE-PLATFORMING SEGMENT TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 44
FIGURE 11 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR A HIGHER MARKET SHARE IN 2020 44
FIGURE 12 PUBLIC CLOUD SEGMENT TO HOLD THE LARGEST MARKET SIZE IN 2020 45

4 PREMIUM INSIGHTS 46
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL APPLICATION MODERNIZATION SERVICES MARKET 46
FIGURE 13 INCREASED FLEXIBILITY AND SCALABILITY PROVIDED BY CLOUD COMPUTING TO DRIVE DEMAND FOR APPLICATION MODERNIZATION SERVICES ACROSS THE GLOBE 46
4.2 APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE 46
FIGURE 14 HYBRID SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 46
4.3 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL 47
FIGURE 15 BANKING, FINANCIAL SERVICES, AND INSURANCE VERTICAL TO HOLD THE HIGHEST MARKET SHARE FROM 2018-2025 47
4.4 APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY 47
FIGURE 16 AUSTRALIA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 47

5 MARKET OVERVIEW AND INDUSTRY TRENDS 48
5.1 INTRODUCTION 48
5.2 TECHNOLOGY TRENDS 48
5.3 MARKET DYNAMICS 48
FIGURE 17 APPLICATION MODERNIZATION SERVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
5.3.1 DRIVERS 49
5.3.1.1 Need for improved software functionalities due to changing business landscape 49
5.3.1.2 Demand for flexibility and scalability provided by cloud computing scalability 50
5.3.1.3 Benefits of integrating modern technologies with software systems 50
5.3.2 RESTRAINTS 50
5.3.2.1 High costs and complexities involved in application modernization 50
5.3.3 OPPORTUNITIES 51
5.3.3.1 Existence of large number of legacy applications 51
5.3.3.2 Evolution of open standards for software development 51
5.3.3.3 Post-pandemic demand for modern infrastructure to ensure business continuity 51
5.3.4 CHALLENGES 52
5.3.4.1 Reduction in technology spending due to COVID-19 52
5.3.4.2 Lack of IT skills among employees 52
5.4 USE CASES 52
5.4.1 USE CASE 1: WOVENWARE 52
5.4.2 USE CASE 2: CLOUDHEDGE 53
5.4.3 USE CASE 3: FUJITSU 53
5.4.4 USE CASE 4: TECH MAHINDRA 53
5.4.5 USE CASE 5: ATOS 54
5.5 VALUE CHAIN ANALYSIS 54
FIGURE 18 APPLICATION MODERNIZATION PROCESS 54

6 COVID–19 IMPACT ON APPLICATION MODERNIZATION SERVICES MARKET 56
6.1 APPLICATION MODERNIZATION SERVICES MARKET SCENARIO IN COVID–19 ERA 56
6.1.1 INTRODUCTION 56
6.1.2 IMPACT ON MARKET GROWTH 56
FIGURE 19 APPLICATION MODERNIZATION SERVICES MARKET: PRE-AND POST- COVID–19 MARKET SIZE (USD BILLION) 56

7 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE 58
7.1 INTRODUCTION 59
7.1.1 SERVICES: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 59
7.1.2 SERVICES: IMPACT OF COVID-19 59
FIGURE 20 CLOUD APPLICATION MIGRATION SEGMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 60
TABLE 3 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE,
2015–2019 (USD MILLION) 60
TABLE 4 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE,
2019–2025 (USD MILLION) 61
7.2 APPLICATION PORTFOLIO ASSESSMENT 61
TABLE 5 APPLICATION PORTFOLIO ASSESSMENT: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 62
TABLE 6 APPLICATION PORTFOLIO ASSESSMENT: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 62
7.3 CLOUD APPLICATION MIGRATION 62
TABLE 7 CLOUD APPLICATION MIGRATION: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 63
TABLE 8 CLOUD APPLICATION MIGRATION: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 63
7.4 APPLICATION RE-PLATFORMING 63
TABLE 9 APPLICATION RE-PLATFORMING: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 64
TABLE 10 APPLICATION RE-PLATFORMING: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 64
7.5 APPLICATION INTEGRATION 64
TABLE 11 APPLICATION INTEGRATION: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 65
TABLE 12 APPLICATION INTEGRATION: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 65
7.6 UI MODERNIZATION 65
TABLE 13 UI MODERNIZATION: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 66
TABLE 14 UI MODERNIZATION: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 66
7.7 POST MODERNIZATION 66
TABLE 15 POST MODERNIZATION: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 67
TABLE 16 POST MODERNIZATION: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 67

8 APPLICATION MODERNIZATION SERVICES MARKET,
BY CLOUD DEPLOYMENT MODE 68
8.1 INTRODUCTION 69
8.1.1 CLOUD DEPLOYMENT MODE: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 69
8.1.2 CLOUD DEPLOYMENT MODES: IMPACT OF COVID-19 69
FIGURE 21 HYBRID SEGMENT TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 69
TABLE 17 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 70
TABLE 18 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 70
8.2 PUBLIC CLOUD 70
TABLE 19 PUBLIC CLOUD: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2015–2019 (USD MILLION) 71
TABLE 20 PUBLIC CLOUD: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2019–2025 (USD MILLION) 71
8.3 PRIVATE CLOUD 71
TABLE 21 PRIVATE CLOUD: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2015–2019 (USD MILLION) 72
TABLE 22 PRIVATE CLOUD: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2019–2025 (USD MILLION) 72
8.4 HYBRID CLOUD 73
TABLE 23 HYBRID CLOUD: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2015–2019 (USD MILLION) 73
TABLE 24 HYBRID CLOUD: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2019–2025 (USD MILLION) 73

9 APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE 74
9.1 INTRODUCTION 75
9.1.1 ORGANIZATION SIZE: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 75
9.1.2 ORGANIZATION SIZE: IMPACT OF COVID-19 75
FIGURE 22 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO WITNESS A HIGHER GROWTH RATE DURING THE FORECAST PERIOD 75
TABLE 25 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 76
TABLE 26 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 76
9.2 SMALL AND MEDIUM-SIZED ENTERPRISES 76
TABLE 27 SMALL AND MEDIUM-SIZED ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 77
TABLE 28 SMALL AND MEDIUM-SIZED ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 77
9.3 LARGE ENTERPRISES 77
TABLE 29 LARGE ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015–2019 (USD MILLION) 78
TABLE 30 LARGE ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 78

10 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL 79
10.1 INTRODUCTION 80
FIGURE 23 BANKING, FINANCIAL SERVICES, AND INSURANCE VERTICAL TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 80
TABLE 31 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL,
2015-2019 (USD MILLION) 81
TABLE 32 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION) 81
10.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 82
10.2.1 BANKING, FINANCIAL SERVICES, AND INSURANCE: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 82
TABLE 33 BANKING, FINANCIAL SERVICES, AND INSURANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2019 (USD MILLION) 82
TABLE 34 BANKING, FINANCIAL SERVICES, AND INSURANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION,
2019–2025 (USD MILLION) 82
10.3 HEALTHCARE AND LIFE SCIENCES 83
10.3.1 HEALTHCARE AND LIFE SCIENCES: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 83
TABLE 35 HEALTHCARE AND LIFE SCIENCES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2019 (USD MILLION) 83
TABLE 36 HEALTHCARE AND LIFE SCIENCES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 84
10.4 TELECOMMUNICATIONS 84
10.4.1 TELECOMMUNICATIONS: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 84
TABLE 37 TELECOMMUNICATIONS: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2019 (USD MILLION) 85
TABLE 38 TELECOMMUNICATIONS: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 85
10.5 INFORMATION TECHNOLOGY AND INFORMATION TECHNOLOGY ENABLED SERVICES 85
10.5.1 INFORMATION TECHNOLOGY AND INFORMATION TECHNOLOGY ENABLED SERVICES: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 86
TABLE 39 INFORMATION TECHNOLOGY AND INFORMATION TECHNOLOGY ENABLED SERVICES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2015-2019 (USD MILLION) 86
TABLE 40 INFORMATION TECHNOLOGY AND INFORMATION TECHNOLOGY ENABLED SERVICES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2019–2025 (USD MILLION) 86
10.6 RETAIL AND CONSUMER GOODS 87
10.6.1 RETAIL AND CONSUMER GOODS: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 87
TABLE 41 RETAIL AND CONSUMER GOODS: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2019 (USD MILLION) 87
TABLE 42 RETAIL AND CONSUMER GOODS: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 88
10.7 GOVERNMENT AND PUBLIC SECTOR 88
10.7.1 GOVERNMENT AND PUBLIC SECTOR: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 88
TABLE 43 GOVERNMENT AND PUBLIC SECTOR: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2019 (USD MILLION) 89
TABLE 44 GOVERNMENT AND PUBLIC SECTOR: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 89
10.8 ENERGY AND UTILITIES 89
10.8.1 ENERGY AND UTILITIES: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 90
TABLE 45 ENERGY AND UTILITIES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2019 (USD MILLION) 90
TABLE 46 ENERGY AND UTILITIES: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 90
10.9 MANUFACTURING 91
10.9.1 MANUFACTURING: APPLICATION MODERNIZATION
SERVICES MARKET DRIVERS 91
TABLE 47 MANUFACTURING: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2015-2019 (USD MILLION) 91
TABLE 48 MANUFACTURING: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION, 2019–2025 (USD MILLION) 91
10.10 OTHERS 92
TABLE 49 OTHERS: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2015-2019 (USD MILLION) 92
TABLE 50 OTHERS: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY REGION, 2019–2025 (USD MILLION) 92

11 APPLICATION MODERNIZATION SERVICES MANAGEMENT MARKET,
BY REGION 93
11.1 INTRODUCTION 94
FIGURE 24 NORTH AMERICA TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 94
TABLE 51 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION,
2015–2019 (USD MILLION) 94
TABLE 52 APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY REGION,
2019–2025 (USD MILLION) 95
FIGURE 25 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING
THE FORECAST PERIOD 95
11.2 NORTH AMERICA 96
11.2.1 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 96
11.2.2 NORTH AMERICA: IMPACT OF COVID-19 96
FIGURE 26 NORTH AMERICA: MARKET SNAPSHOT 97
TABLE 53 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015–2019 (USD MILLION) 97
TABLE 54 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION) 98
TABLE 55 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 98
TABLE 56 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 98
TABLE 57 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION) 99
TABLE 58 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION) 99
TABLE 59 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 100
TABLE 60 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 100
TABLE 61 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY COUNTRY, 2015–2019 (USD MILLION) 100
TABLE 62 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION) 101
11.2.3 UNITED STATES 101
TABLE 63 UNITED STATES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 101
TABLE 64 UNITED STATES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 102
TABLE 65 UNITED STATES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 102
TABLE 66 UNITED STATES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 102
TABLE 67 UNITED STATES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2015–2019 (USD MILLION) 103
TABLE 68 UNITED STATES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 103
TABLE 69 UNITED STATES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 104
TABLE 70 UNITED STATES: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 104
11.2.4 CANADA 104
TABLE 71 CANADA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 105
TABLE 72 CANADA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 105
TABLE 73 CANADA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 105
TABLE 74 CANADA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 106
TABLE 75 CANADA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 106
TABLE 76 CANADA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 107
11.3 EUROPE 107
11.3.1 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 108
11.3.2 EUROPE: IMPACT OF COVID-19 108
TABLE 77 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 108
TABLE 78 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 109
TABLE 79 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 109
TABLE 80 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 109
TABLE 81 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2015–2019 (USD MILLION) 110
TABLE 82 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 110
TABLE 83 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 111
TABLE 84 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 111
TABLE 85 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY COUNTRY, 2015–2019 (USD MILLION) 111
TABLE 86 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY COUNTRY, 2019–2025 (USD MILLION) 112
11.3.3 UNITED KINGDOM 112
TABLE 87 UNITED KINGDOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015–2019 (USD MILLION) 112
TABLE 88 UNITED KINGDOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION) 113
TABLE 89 UNITED KINGDOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 113
TABLE 90 UNITED KINGDOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 113
TABLE 91 UNITED KINGDOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION) 114
TABLE 92 UNITED KINGDOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION) 114
TABLE 93 UNITED KINGDOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 115
TABLE 94 UNITED KINGDOM: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 115
11.3.4 GERMANY 115
TABLE 95 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 116
TABLE 96 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 116
TABLE 97 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 116
TABLE 98 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 117
TABLE 99 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 117
TABLE 100 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 117
TABLE 101 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2015–2019 (USD MILLION) 118
TABLE 102 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 118
11.3.5 FRANCE 119
TABLE 103 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 119
TABLE 104 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 119
TABLE 105 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 120
TABLE 106 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 120
TABLE 107 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 120
TABLE 108 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 121
TABLE 109 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2015–2019 (USD MILLION) 121
TABLE 110 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 122
11.3.6 REST OF EUROPE 122
11.4 ASIA PACIFIC 122
11.4.1 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 123
11.4.2 ASIA PACIFIC: IMPACT OF COVID 19 123
FIGURE 27 ASIA PACIFIC: MARKET SNAPSHOT 124
TABLE 111 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 124
TABLE 112 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 125
TABLE 113 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 125
TABLE 114 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 125
TABLE 115 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2015–2019 (USD MILLION) 126
TABLE 116 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 126
TABLE 117 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 127
TABLE 118 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 127
TABLE 119 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY COUNTRY, 2015–2019 (USD MILLION) 127
TABLE 120 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY COUNTRY, 2019–2025 (USD MILLION) 128
11.4.3 CHINA 128
TABLE 121 CHINA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015–2019 (USD MILLION) 128
TABLE 122 CHINA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION) 129
TABLE 123 CHINA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 129
TABLE 124 CHINA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 129
TABLE 125 CHINA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2015–2019 (USD MILLION) 130
TABLE 126 CHINA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 130
TABLE 127 CHINA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 131
TABLE 128 CHINA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 131
11.4.4 JAPAN 131
TABLE 129 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015–2019 (USD MILLION) 132
TABLE 130 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION) 132
TABLE 131 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 132
TABLE 132 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 133
TABLE 133 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 133
TABLE 134 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 133
TABLE 135 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2015–2019 (USD MILLION) 134
TABLE 136 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 134
11.4.5 AUSTRALIA 135
TABLE 137 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 135
TABLE 138 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 135
TABLE 139 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 136
TABLE 140 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 136
TABLE 141 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 136
TABLE 142 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 137
11.4.6 INDIA 137
TABLE 143 INDIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015–2019 (USD MILLION) 137
TABLE 144 INDIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION) 138
TABLE 145 INDIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 138
TABLE 146 INDIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 138
TABLE 147 INDIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 139
TABLE 148 INDIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 139
11.4.7 REST OF ASIA PACIFIC 139

11.5 LATIN AMERICA 140
11.5.1 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 140
11.5.2 LATIN AMERICA: IMPACT OF COVID 19 140
TABLE 149 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 141
TABLE 150 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 141
TABLE 151 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 141
TABLE 152 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 142
TABLE 153 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2015–2019 (USD MILLION) 142
TABLE 154 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY VERTICAL, 2019–2025 (USD MILLION) 143
TABLE 155 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 143
TABLE 156 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 144
TABLE 157 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY COUNTRY, 2015–2019 (USD MILLION) 144
TABLE 158 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY COUNTRY, 2019–2025 (USD MILLION) 144
11.5.3 BRAZIL 145
TABLE 159 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 145
TABLE 160 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 145
TABLE 161 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 146
TABLE 162 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 146
TABLE 163 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 146
TABLE 164 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 147
11.5.4 MEXICO 147
TABLE 165 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 147
TABLE 166 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 148
TABLE 167 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 148
TABLE 168 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 148
TABLE 169 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 149
TABLE 170 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 149
11.5.5 REST OF LATIN AMERICA 149
11.6 MIDDLE EAST AND AFRICA 150
11.6.1 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 150
11.6.2 MIDDLE EAST AND AFRICA: IMPACT OF COVID 19 150
TABLE 171 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015–2019 (USD MILLION) 151
TABLE 172 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION) 151
TABLE 173 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 151
TABLE 174 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 152
TABLE 175 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2015–2019 (USD MILLION) 152
TABLE 176 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION) 153
TABLE 177 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 153
TABLE 178 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 154
TABLE 179 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY COUNTRY, 2015–2019 (USD MILLION) 154
TABLE 180 MIDDLE EAST AND AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY COUNTRY, 2019–2025 (USD MILLION) 154
11.6.3 KINGDOM OF SAUDI ARABIA 155
TABLE 181 KINGDOM OF SAUDI ARABIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2015–2019 (USD MILLION) 155
TABLE 182 KINGDOM OF SAUDI ARABIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY SERVICE, 2019–2025 (USD MILLION) 155
TABLE 183 KINGDOM OF SAUDI ARABIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 156
TABLE 184 KINGDOM OF SAUDI ARABIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 156
TABLE 185 KINGDOM OF SAUDI ARABIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 156
TABLE 186 KINGDOM OF SAUDI ARABIA: APPLICATION MODERNIZATION SERVICES MARKET SIZE, BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 157
11.6.4 SOUTH AFRICA 157
TABLE 187 SOUTH AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2015–2019 (USD MILLION) 157
TABLE 188 SOUTH AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY SERVICE, 2019–2025 (USD MILLION) 158
TABLE 189 SOUTH AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2015–2019 (USD MILLION) 158
TABLE 190 SOUTH AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY ORGANIZATION SIZE, 2019–2025 (USD MILLION) 158
TABLE 191 SOUTH AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2015–2019 (USD MILLION) 159
TABLE 192 SOUTH AFRICA: APPLICATION MODERNIZATION SERVICES MARKET SIZE,
BY CLOUD DEPLOYMENT MODE, 2019–2025 (USD MILLION) 159
11.6.5 REST OF MIDDLE EAST AND AFRICA 159

12 COMPETITIVE LANDSCAPE 160
12.1 OVERVIEW 160
FIGURE 28 KEY DEVELOPMENTS BY MARKET PLAYERS DURING 2019–2020 160
12.2 COMPETITIVE SITUATION AND TRENDS 161
FIGURE 29 MARKET EVALUATION FRAMEWORK, 2018–2020 161
FIGURE 30 PARTNERSHIP, AGREEMENT, AND COLLABORATION ADOPTED AS KEY STRATEGY FOR COMPANY GROWTH 161
12.2.1 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS 161
TABLE 193 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2019-2020 162
12.2.2 SERVICE ENHANCEMENTS 163
TABLE 194 SERVICE ENHANCEMENTS, 2019 163
12.2.3 MERGERS AND ACQUISITIONS 163
TABLE 195 MERGERS AND ACQUISITIONS, 2019 163
12.3 COMPETITIVE LEADERSHIP MAPPING 164
12.3.1 VISIONARY LEADERS 165
12.3.2 INNOVATORS 165
12.3.3 DYNAMIC DIFFERENTIATORS 165
12.3.4 EMERGING COMPANIES 165
FIGURE 31 APPLICATION MODERNIZATION SERVICES MARKET (GLOBAL ), COMPETITIVE LEADERSHIP MAPPING, 2020 166
12.4 STRENGTH OF PRODUCT PORTFOLIO 167
FIGURE 32 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN APPLICATION MODERNIZATION SERVICES MARKET 167
12.5 BUSINESS STRATEGY EXCELLENCE 168
FIGURE 33 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN APPLICATION MODERNIZATION SERVICES MARKET 168
12.6 VENDOR RANKING ANALYSIS 169
FIGURE 34 RANKING OF KEY PLAYERS, 2020 169

13 COMPANY PROFILES 170
13.1 INTRODUCTION 170
(Business Overview, Solutions, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
13.2 IBM 170
FIGURE 35 IBM: COMPANY SNAPSHOT 171
FIGURE 36 SWOT ANALYSIS: IBM 173
13.3 ACCENTURE 174
FIGURE 37 ACCENTURE: COMPANY SNAPSHOT 174
FIGURE 38 SWOT ANALYSIS: ACCENTURE 176

13.4 ATOS 177
FIGURE 39 ATOS: COMPANY SNAPSHOT 177
FIGURE 40 SWOT ANALYSIS: ATOS 179
13.5 HCL TECHNOLOGIES 180
FIGURE 41 HCL TECHNOLOGIES: COMPANY SNAPSHOT 180
FIGURE 42 SWOT ANALYSIS: HCL TECHNOLOGIES 183
13.6 CAPGEMINI 184
FIGURE 43 CAPGEMINI: COMPANY SNAPSHOT 184
FIGURE 44 SWOT ANALYSIS: CAPGEMINI 186
13.7 COGNIZANT 187
FIGURE 45 COGNIZANT: COMPANY SNAPSHOT 187
13.8 TCS 189
FIGURE 46 TCS: COMPANY SNAPSHOT 189
13.9 BELL INTEGRATOR 192
13.10 ORACLE 194
FIGURE 47 ORACLE: COMPANY SNAPSHOT 194
13.11 INNOVA SOLUTIONS 196
13.12 ASPIRE SYSTEMS 198
13.13 BLU AGE 199
13.14 EPAM SYSTEMS 200

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