Application Modernization Services Market (Updated Version Available)

Application 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.
Application Modernization Tools is mainly divided into three subdivisions: Emulation, Translation and Business rules extraction. And Emulation was the most widely used area which took up about 45.43% of the global total in 2019. However, in the further, Business rules extraction is growing fast and will occupy more share. By language, Application Modernization Services market can be divided into Cobol, ADA, PL/1, RPG, Assembler and PowerBuilder, Cobol is the largest subdivision with the market share of 63.32% in 2019.
United States is the largest consumption countries of Application Modernization Services in the world in the past few years and it will keep leader position in the next few years. United States market took up about 34.51% the global market in 2019, while Europe was about 30.70%.
United States is now the key developers of Application Modernization Services; most companies are in USA. Others are in Europe, Japan and India.
The report offers detailed coverage of Application Modernization Services industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Application Modernization Services by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Application Modernization Services market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.

First, this report covers the present status and the future prospects of the global Application Modernization Services market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Accenture
Atos
Bell Integrator
Capgemini
Cognizant
Fujitsu
HCL
IBM
Macrosoft Inc.
Tech Mahindra
TCS
Wipro
Infosys
DXC
Blu Age
TSRI
Modern Systems
Trinity Millennium
Micro Focus
Software Mining
Semantic Designs
Evolveware
Mapador
Fresche Legacy
Asysco
Expersolve
Metaware
MOST Technologies
Freesoft
Language Portability Solutions

Market segment by Type, the product can be split into
Cobol
ADA
PL/1
RPG
Assembler
PowerBuilder
Others

Market segment by Application, split into
Emulation
Translation
Business Rules Extraction


At the same time, we classify Application Modernization Services according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Application Modernization Services market for the forecast period 2020 - 2025?
• What are the driving forces in the Application Modernization Services market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Application Modernization Services industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?