Application Modernization and Application Transformation Market, Global Outlook and Forecast 2023-2029

Report ID: MMG48648 | Category: Service & Software | Pages: 117 | Format: PDF | Published Date: February 21,2023

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Report Description
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Report Summary

pplication modernization is the refactoring, re-purposing or consolidation of legacy software programming to align it more closely with current business needs.
The goal of an application modernization project is to create new business value from existing applications. An application is a program designed to perform a specific function directly for the user or, in some cases, for another application program. Keeping legacy applications running smoothly can be a time-consuming, resource-intensive process, especially when the software becomes so outdated that it becomes incompatible with newer versions of the underlying operating system (OS) or system hardware.
This report aims to provide a comprehensive presentation of the global market for Application Modernization and Application Transformation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Application Modernization and Application Transformation. This report contains market size and forecasts of Application Modernization and Application Transformation in global, including the following market information:
Global Application Modernization and Application Transformation Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Application Modernization and Application Transformation market was valued at US$ 15440 million in 2022 and is projected to reach US$ 42990 million by 2029, at a CAGR of 15.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key manufacturers of Application Modernization and Application Transformation include IBM, Accenture, Atos, Cognizant, Fujitsu, etc. Global top five manufacturers hold a share over 40%. North America is the largest market of Application Modernization and Application Transformation, holds a share over 35%.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Application Modernization and Application Transformation companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Application Modernization and Application Transformation Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Application Modernization and Application Transformation Market Segment Percentages, by Type, 2022 (%)
    Application Modernization
    Application Transformation
Global Application Modernization and Application Transformation Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Application Modernization and Application Transformation Market Segment Percentages, by Application, 2022 (%)
    BFSI
    Government
    Healthcare
    IT and Telecommunication
    Manufacturing
    Retail
    Other
Global Application Modernization and Application Transformation Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Application Modernization and Application Transformation Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Application Modernization and Application Transformation revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Application Modernization and Application Transformation revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Accenture
    Atos
    Bell Integrator
    Capgemini
    Cognizant
    Fujitsu
    HCL
    IBM
    Macrosoft
    Tech Mahindra
    TCS
    Wipro
    Infosys
    DXC
    Blu Age
    TSRI
    Modern Systems
    Trinity Millennium
    Micro Focus
    Software Mining
    Semantic Designs
    Evolveware
    Mapador
    Fresche Solutions
    Asysco
    Expersolve
    Metaware (Inetum)
    MOST Technologies
    Freesoft
    Language Portability Solutions
Outline of Major Chapters:
Chapter 1: Introduces the definition of Application Modernization and Application Transformation, market overview.
Chapter 2: Global Application Modernization and Application Transformation market size in revenue.
Chapter 3: Detailed analysis of Application Modernization and Application Transformation company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Application Modernization and Application Transformation in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Application Modernization and Application Transformation Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Application Modernization and Application Transformation Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Application Modernization and Application Transformation Overall Market Size
    2.1 Global Application Modernization and Application Transformation Market Size: 2022 VS 2029
    2.2 Global Application Modernization and Application Transformation Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Application Modernization and Application Transformation Players in Global Market
    3.2 Top Global Application Modernization and Application Transformation Companies Ranked by Revenue
    3.3 Global Application Modernization and Application Transformation Revenue by Companies
    3.4 Top 3 and Top 5 Application Modernization and Application Transformation Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Application Modernization and Application Transformation Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Application Modernization and Application Transformation Players in Global Market
        3.6.1 List of Global Tier 1 Application Modernization and Application Transformation Companies
        3.6.2 List of Global Tier 2 and Tier 3 Application Modernization and Application Transformation Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Application Modernization and Application Transformation Market Size Markets, 2022 & 2029
        4.1.2 Application Modernization
        4.1.3 Application Transformation
    4.2 By Type - Global Application Modernization and Application Transformation Revenue & Forecasts
        4.2.1 By Type - Global Application Modernization and Application Transformation Revenue, 2018-2023
        4.2.2 By Type - Global Application Modernization and Application Transformation Revenue, 2024-2029
        4.2.3 By Type - Global Application Modernization and Application Transformation Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Application Modernization and Application Transformation Market Size, 2022 & 2029
        5.1.2 BFSI
        5.1.3 Government
        5.1.4 Healthcare
        5.1.5 IT and Telecommunication
        5.1.6 Manufacturing
        5.1.7 Retail
        5.1.8 Other
    5.2 By Application - Global Application Modernization and Application Transformation Revenue & Forecasts
        5.2.1 By Application - Global Application Modernization and Application Transformation Revenue, 2018-2023
        5.2.2 By Application - Global Application Modernization and Application Transformation Revenue, 2024-2029
        5.2.3 By Application - Global Application Modernization and Application Transformation Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Application Modernization and Application Transformation Market Size, 2022 & 2029
    6.2 By Region - Global Application Modernization and Application Transformation Revenue & Forecasts
        6.2.1 By Region - Global Application Modernization and Application Transformation Revenue, 2018-2023
        6.2.2 By Region - Global Application Modernization and Application Transformation Revenue, 2024-2029
        6.2.3 By Region - Global Application Modernization and Application Transformation Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Application Modernization and Application Transformation Revenue, 2018-2029
        6.3.2 US Application Modernization and Application Transformation Market Size, 2018-2029
        6.3.3 Canada Application Modernization and Application Transformation Market Size, 2018-2029
        6.3.4 Mexico Application Modernization and Application Transformation Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Application Modernization and Application Transformation Revenue, 2018-2029
        6.4.2 Germany Application Modernization and Application Transformation Market Size, 2018-2029
        6.4.3 France Application Modernization and Application Transformation Market Size, 2018-2029
        6.4.4 U.K. Application Modernization and Application Transformation Market Size, 2018-2029
        6.4.5 Italy Application Modernization and Application Transformation Market Size, 2018-2029
        6.4.6 Russia Application Modernization and Application Transformation Market Size, 2018-2029
        6.4.7 Nordic Countries Application Modernization and Application Transformation Market Size, 2018-2029
        6.4.8 Benelux Application Modernization and Application Transformation Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Application Modernization and Application Transformation Revenue, 2018-2029
        6.5.2 China Application Modernization and Application Transformation Market Size, 2018-2029
        6.5.3 Japan Application Modernization and Application Transformation Market Size, 2018-2029
        6.5.4 South Korea Application Modernization and Application Transformation Market Size, 2018-2029
        6.5.5 Southeast Asia Application Modernization and Application Transformation Market Size, 2018-2029
        6.5.6 India Application Modernization and Application Transformation Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Application Modernization and Application Transformation Revenue, 2018-2029
        6.6.2 Brazil Application Modernization and Application Transformation Market Size, 2018-2029
        6.6.3 Argentina Application Modernization and Application Transformation Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Application Modernization and Application Transformation Revenue, 2018-2029
        6.7.2 Turkey Application Modernization and Application Transformation Market Size, 2018-2029
        6.7.3 Israel Application Modernization and Application Transformation Market Size, 2018-2029
        6.7.4 Saudi Arabia Application Modernization and Application Transformation Market Size, 2018-2029
        6.7.5 UAE Application Modernization and Application Transformation Market Size, 2018-2029
7 Application Modernization and Application Transformation Companies Profiles
    7.1 Accenture
        7.1.1 Accenture Company Summary
        7.1.2 Accenture Business Overview
        7.1.3 Accenture Application Modernization and Application Transformation Major Product Offerings
        7.1.4 Accenture Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.1.5 Accenture Key News & Latest Developments
    7.2 Atos
        7.2.1 Atos Company Summary
        7.2.2 Atos Business Overview
        7.2.3 Atos Application Modernization and Application Transformation Major Product Offerings
        7.2.4 Atos Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.2.5 Atos Key News & Latest Developments
    7.3 Bell Integrator
        7.3.1 Bell Integrator Company Summary
        7.3.2 Bell Integrator Business Overview
        7.3.3 Bell Integrator Application Modernization and Application Transformation Major Product Offerings
        7.3.4 Bell Integrator Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.3.5 Bell Integrator Key News & Latest Developments
    7.4 Capgemini
        7.4.1 Capgemini Company Summary
        7.4.2 Capgemini Business Overview
        7.4.3 Capgemini Application Modernization and Application Transformation Major Product Offerings
        7.4.4 Capgemini Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.4.5 Capgemini Key News & Latest Developments
    7.5 Cognizant
        7.5.1 Cognizant Company Summary
        7.5.2 Cognizant Business Overview
        7.5.3 Cognizant Application Modernization and Application Transformation Major Product Offerings
        7.5.4 Cognizant Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.5.5 Cognizant Key News & Latest Developments
    7.6 Fujitsu
        7.6.1 Fujitsu Company Summary
        7.6.2 Fujitsu Business Overview
        7.6.3 Fujitsu Application Modernization and Application Transformation Major Product Offerings
        7.6.4 Fujitsu Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.6.5 Fujitsu Key News & Latest Developments
    7.7 HCL
        7.7.1 HCL Company Summary
        7.7.2 HCL Business Overview
        7.7.3 HCL Application Modernization and Application Transformation Major Product Offerings
        7.7.4 HCL Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.7.5 HCL Key News & Latest Developments
    7.8 IBM
        7.8.1 IBM Company Summary
        7.8.2 IBM Business Overview
        7.8.3 IBM Application Modernization and Application Transformation Major Product Offerings
        7.8.4 IBM Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.8.5 IBM Key News & Latest Developments
    7.9 Macrosoft
        7.9.1 Macrosoft Company Summary
        7.9.2 Macrosoft Business Overview
        7.9.3 Macrosoft Application Modernization and Application Transformation Major Product Offerings
        7.9.4 Macrosoft Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.9.5 Macrosoft Key News & Latest Developments
    7.10 Tech Mahindra
        7.10.1 Tech Mahindra Company Summary
        7.10.2 Tech Mahindra Business Overview
        7.10.3 Tech Mahindra Application Modernization and Application Transformation Major Product Offerings
        7.10.4 Tech Mahindra Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.10.5 Tech Mahindra Key News & Latest Developments
    7.11 TCS
        7.11.1 TCS Company Summary
        7.11.2 TCS Business Overview
        7.11.3 TCS Application Modernization and Application Transformation Major Product Offerings
        7.11.4 TCS Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.11.5 TCS Key News & Latest Developments
    7.12 Wipro
        7.12.1 Wipro Company Summary
        7.12.2 Wipro Business Overview
        7.12.3 Wipro Application Modernization and Application Transformation Major Product Offerings
        7.12.4 Wipro Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.12.5 Wipro Key News & Latest Developments
    7.13 Infosys
        7.13.1 Infosys Company Summary
        7.13.2 Infosys Business Overview
        7.13.3 Infosys Application Modernization and Application Transformation Major Product Offerings
        7.13.4 Infosys Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.13.5 Infosys Key News & Latest Developments
    7.14 DXC
        7.14.1 DXC Company Summary
        7.14.2 DXC Business Overview
        7.14.3 DXC Application Modernization and Application Transformation Major Product Offerings
        7.14.4 DXC Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.14.5 DXC Key News & Latest Developments
    7.15 Blu Age
        7.15.1 Blu Age Company Summary
        7.15.2 Blu Age Business Overview
        7.15.3 Blu Age Application Modernization and Application Transformation Major Product Offerings
        7.15.4 Blu Age Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.15.5 Blu Age Key News & Latest Developments
    7.16 TSRI
        7.16.1 TSRI Company Summary
        7.16.2 TSRI Business Overview
        7.16.3 TSRI Application Modernization and Application Transformation Major Product Offerings
        7.16.4 TSRI Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.16.5 TSRI Key News & Latest Developments
    7.17 Modern Systems
        7.17.1 Modern Systems Company Summary
        7.17.2 Modern Systems Business Overview
        7.17.3 Modern Systems Application Modernization and Application Transformation Major Product Offerings
        7.17.4 Modern Systems Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.17.5 Modern Systems Key News & Latest Developments
    7.18 Trinity Millennium
        7.18.1 Trinity Millennium Company Summary
        7.18.2 Trinity Millennium Business Overview
        7.18.3 Trinity Millennium Application Modernization and Application Transformation Major Product Offerings
        7.18.4 Trinity Millennium Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.18.5 Trinity Millennium Key News & Latest Developments
    7.19 Micro Focus
        7.19.1 Micro Focus Company Summary
        7.19.2 Micro Focus Business Overview
        7.19.3 Micro Focus Application Modernization and Application Transformation Major Product Offerings
        7.19.4 Micro Focus Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.19.5 Micro Focus Key News & Latest Developments
    7.20 Software Mining
        7.20.1 Software Mining Company Summary
        7.20.2 Software Mining Business Overview
        7.20.3 Software Mining Application Modernization and Application Transformation Major Product Offerings
        7.20.4 Software Mining Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.20.5 Software Mining Key News & Latest Developments
    7.21 Semantic Designs
        7.21.1 Semantic Designs Company Summary
        7.21.2 Semantic Designs Business Overview
        7.21.3 Semantic Designs Application Modernization and Application Transformation Major Product Offerings
        7.21.4 Semantic Designs Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.21.5 Semantic Designs Key News & Latest Developments
    7.22 Evolveware
        7.22.1 Evolveware Company Summary
        7.22.2 Evolveware Business Overview
        7.22.3 Evolveware Application Modernization and Application Transformation Major Product Offerings
        7.22.4 Evolveware Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.22.5 Evolveware Key News & Latest Developments
    7.23 Mapador
        7.23.1 Mapador Company Summary
        7.23.2 Mapador Business Overview
        7.23.3 Mapador Application Modernization and Application Transformation Major Product Offerings
        7.23.4 Mapador Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.23.5 Mapador Key News & Latest Developments
    7.24 Fresche Solutions
        7.24.1 Fresche Solutions Company Summary
        7.24.2 Fresche Solutions Business Overview
        7.24.3 Fresche Solutions Application Modernization and Application Transformation Major Product Offerings
        7.24.4 Fresche Solutions Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.24.5 Fresche Solutions Key News & Latest Developments
    7.25 Asysco
        7.25.1 Asysco Company Summary
        7.25.2 Asysco Business Overview
        7.25.3 Asysco Application Modernization and Application Transformation Major Product Offerings
        7.25.4 Asysco Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.25.5 Asysco Key News & Latest Developments
    7.26 Expersolve
        7.26.1 Expersolve Company Summary
        7.26.2 Expersolve Business Overview
        7.26.3 Expersolve Application Modernization and Application Transformation Major Product Offerings
        7.26.4 Expersolve Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.26.5 Expersolve Key News & Latest Developments
    7.27 Metaware (Inetum)
        7.27.1 Metaware (Inetum) Company Summary
        7.27.2 Metaware (Inetum) Business Overview
        7.27.3 Metaware (Inetum) Application Modernization and Application Transformation Major Product Offerings
        7.27.4 Metaware (Inetum) Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.27.5 Metaware (Inetum) Key News & Latest Developments
    7.28 MOST Technologies
        7.28.1 MOST Technologies Company Summary
        7.28.2 MOST Technologies Business Overview
        7.28.3 MOST Technologies Application Modernization and Application Transformation Major Product Offerings
        7.28.4 MOST Technologies Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.28.5 MOST Technologies Key News & Latest Developments
    7.29 Freesoft
        7.29.1 Freesoft Company Summary
        7.29.2 Freesoft Business Overview
        7.29.3 Freesoft Application Modernization and Application Transformation Major Product Offerings
        7.29.4 Freesoft Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.29.5 Freesoft Key News & Latest Developments
    7.30 Language Portability Solutions
        7.30.1 Language Portability Solutions Company Summary
        7.30.2 Language Portability Solutions Business Overview
        7.30.3 Language Portability Solutions Application Modernization and Application Transformation Major Product Offerings
        7.30.4 Language Portability Solutions Application Modernization and Application Transformation Revenue in Global Market (2018-2023)
        7.30.5 Language Portability Solutions Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Application Modernization and Application Transformation Market, Global Outlook and Forecast 2023-2029

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