The Application Modernization Services Market Report offers a complete picture of industry trends and factors along with quantitative information dependent on historical data and from various sources. Apart from this, the report likewise gives the market outlook, growth, share, size, opportunity and forecast during 2022-2028. Further, the report focuses on the competitive landscape including company profiles of leading key players along with industry demand, future capacities, key mergers & acquisitions, financial overview in the worldwide market.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the application modernization services market include Bell Integrator Inc., Cognizant Technology Solutions Corporation, EPAM Systems, Inc., Fujitsu Limited, Infosys Limited, Hexaware Technologies, Micro Focus International plc., NTT DATA Corporation, and Oracle Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
Rising number of businesses deploying digital technologies and applications, increasing need for improved software functionalities due to changing business landscape, growing preference for cloud services and Service-Oriented Structure (SOA), rising focus transforming and modernizing legacy systems, and demand for modern setup to stay in the competition are factors driving demand for application modernization services. In addition, growing start-ups, rising competition, changing business trends, and increasing technological advancements are other factors expanding market size year on year. However, complexities and high costs involved in application modernization services and significant turbulence caused in the IT sector due to economic uncertainties is hampering the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of application modernization services. The growth and trends of application modernization services industry provide a holistic approach to this study.
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Market Segmentation
This section of the application modernization services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Service
- Application Portfolio Assessment
- Cloud Application Migration
- Application Re-platforming
- Application Integration
- UI Modernization
- Post Modernization
By Cloud Deployment Mode
- Private Cloud
- Public Cloud
- Hybrid Cloud
By End User
- SMEs
- Large Enterprises
By Vertical
- BFSI
- Healthcare and Life Sciences
- Telecommunications
- IT and ITeS
- Retail and Consumer Goods
- Government and Public Sector
- Energy and Utilities
- Manufacturing
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Application Modernization Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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