Application modernization services incorporate additional functionality, handles migration of legacy application to new applications. Organizations may update outdated software to work with more modern frameworks, languages, and infrastructure platforms. Instead of completely replacing the current system, application modernization allows businesses to increase security, integrity, and overall effectiveness. Moreover, the application modernization services provide various benefits like boosting productivity, reducing operational cost and technological debts, improves business agility and scalability and others. In addition, companies increasingly rely on digital technologies to operate, the need to modernize their legacy systems and applications has become a critical aspect of their digital transformation journey. Application modernization services refer to the process of updating and upgrading existing applications to align them with current business needs, improve performance, and increase efficiency. The services can include various techniques, such as refactoring, rehosting, rearchitecting, and rebuilding applications. Moreover, application modernization is the procedure of rewriting a legacy software program to align it more closely to the present business needs. The application modernization commonly takes places in the terms of re-platforming in case of cloud, re-hosting, re-engineering and many more, in turn to make sure that the application architecture is suited well for the business. In addition, application modernization boosts organizational agility and productivity. Businesses are switching from legacy software applications to cloud-based applications due to operational businesses are benefit from improved user experiences, quicker time to market, flexibility, and cost savings provided by cloud computing and data analytics capabilities. Furthermore, the application modernization services market is expected to expand as the need for cloud services grows due to their scalability and flexibility, as well as the demand for updating older systems and applications, the rise in remote work scenarios, and improved customer experience by applications. With the widespread use of the internet and the scalability given by cloud-native applications. Moreover, applications that are built for the cloud are simpler to grow and put no additional strain on an organization’s current IT infrastructure. Over time, this generates enormous money for businesses. In the approaching years, these factors fuel the application modernization services market.
The application modernization services sector is growing as a result of growing integration of cloud and, dev-ops technology in application modernization and rise in demand for software functionalities. However, the market growth is constrained by high implementation cost of application modernization services and lack of skilled employees with expertise in application modernization. In contrast, increasing technological advancements in application features is spurring this market’s growth during the forecasted period.
The global application modernization services market is segmented into service type, deployment mode, organization size, end-user, and region. By service type, the market is segregated into application portfolio assessment, cloud application migration, application re-platforming, application integration, and others. Depending on the deployment mode, it is divided into On-premise, and cloud. Depending on organization size, it is categorized into large enterprises and small & medium-sized enterprises. By end-user, it is divided into BFSI, IT & telecom, energy & utilities, manufacturing, healthcare, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global application modernization service market is dominated by key players such as Alibaba Cloud, Cisco Systems Inc., Genexus, Qualcomm Technologies, IBM Corporation, Huawei Technologies, Agiletech Vietnam, Elluminati Inc., Line Corporation and Go To. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global application modernization services market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global application modernization services trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2023 to 2032 is provided to determine the market potential

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KEY MARKET SEGMENTS
By Service Type
- Application Portfolio Assessment
- Cloud Application Migration
- Application Replatforming
- Application Integration
- Others
By Deployment Mode
- On Premises
- Cloud
By Organization Size
- Large Enterprises
- Small and Medium Sized Enterprises

By End Users
- BFSI
- IT and Telecom
- Energy and Utilities
- Manufacturing
- Healthcare
- Others

By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Accenture
- DXC Technology Company
- IBM Corporation
- Atos SE
- Wipro
- Tata Consultancy Services Ltd.
- HCL Technologies Limited
- Cognizant
- Infosys Limited
- Oracle Corporation