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Application Modernization Services Market Worth $24.8 Billion by 2025 - Exclusive Report by MarketsandMarkets™
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The application re-platforming segment to hold the largest market size during the forecast period. Application re-platforming as re-platforming offers faster application delivery and time-to-market, along with flexibility, scalability, faster networking speeds, and reduced TCO. To keep up with rapid technology evolution and the demands of current markets, large organizations are urged to adopt modernization services for their legacy systems, thereby increasing the demand for application migration to cloud and leading re-platforming services to grow.
With rapid demand for applications that can reside on different cloud infrastructures with the help of new technologies such as containerization and microservices, has helped increase demand for hybrid cloud infrastructure. It is a must to assess the movement of applications to hybrid cloud, wherein the best of both private and public cloud features can be utilized. Thereby, growing the requirement for hybrid cloud services at a fast pace.
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North America is expected to account for the largest market size in the Application Modernization Services Market by region during the forecast period. The region houses various service providers who are continuously engaged in delivering cloud based, and advanced technology infrastructure and solutions. Increasing need to reduce costs associated with software development and demand for better customer experience is expected to boost the adoption of application modernization services technology in North America .
The comprises major solution providers, such as Accenture ( Ireland ), IBM (US),
Atos (France) , HCL ( India ), Capgemini (France), Bell Integrator (US),
Blu Age (France), Cognizant (US), Aspire Systems ( India ), Dell (US), DXC Technology (US), EPAM Systems (US), Fujitsu ( Japan ), Hexaware ( India ), Infosys ( India ), Innova Solutions (US), LTI (US), Microfocus (UK), MongoDB (US), NTT Data ( Japan ), Oracle (US), Softura (US), TCS ( India ), Virtusa (US), and Wipro ( India ). The study includes an in-depth competitive analysis of key players in the Application Modernization Services Market with their company profiles, recent developments, and key market strategies.
Software and Services Market Research
by Component (Platform and Services), Deployment Mode (Public Cloud, Private Cloud, and Hybrid Cloud), Organization Size (Large Enterprises and SMEs), Vertical, and Region - Global Forecast to 2023
https://www.marketsandmarkets.com/Market-Reports/cloud-microservices-market-60685450.html
by Application (ERP, CRM, HCM, SCM, Content Management, BI and Analytics), Organization Size, Vertical (BFSI, Manufacturing, Government & Public Sector, and Telecommunications), and Region Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/cloud-applications-market-77759796.html
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