Application
Modernization Services Market Synopsis
The Application
Modernization Services Market 2020 is presumed to gain traction. Increasing
investments in research & developments are presumed to impact the market
positively. A report offered by Market Research Future (MRFR) underscores that
the global Application Modernization Services Market is expected to register
21% CAGR over the assessment period 2017 to 2023. It is also highlighted in the
observation that the Application
Modernization Services Market size is
poised to reach a worth of USD 20 Bn by 2023.
Application modernization
helps in the integration of new features and functionalities, which is supposed
to augment the market in the foreseeable future. Rising use of cloud-based
services to re-platform or restructure the applications is expected to
influence the Application Modernization Services Market favorably across the
prognosis period. Organizations are investing in the modernization of
applications to enhance efficiency. It is supposed to accelerate growth rate of
the Application Modernization Services Market. It also helps in cost reduction
as well as security of the application landscapes. These advantages are
expected to catapult the Application Modernization Services Market on upward
trajectory.
The product is used across
different industries. Some of these industries are VFSI, healthcare, and
retail, among others. Increasing applications are supposed to catalyze the
expansion of the Application Modernization Services Market over the forecast
period. Increasing reliance on data analytics for decision making is also
expected to influence the Application Modernization Services Market greatly in
the near future. However, the requirement of high investments is anticipated to
restrict market growth in the upcoming years. Lack of skilled expertise is also
projected to restrain market augmentation over the prognosis period.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5541
Market Segmentation
·
On the basis
of type, the application modernization service market has been segmented into
cloud application migration, application integration, application
re-platforming, postmodernization, user interface modernization, and
application portfolio assessment.
·
Based on
organization size, the segments of the
application modernization service market are small and medium enterprises
(SMEs), and large enterprises.
·
On the basis
of industry vertical, the application
modernization service market has been segmented into media and entertainment,
retail, banking and financial services, healthcare, IT & Telecom,
government, manufacturing, and others.
Key Players:
The key players of the
application modernization services market are Accenture PLC (Ireland), HCL
Technologies Limited (India), Infosys Limited (India), Sensiple (U.S.), DXC
Technology Company (U.S.), Nous Infosystems Pvt. Ltd (India), Happiest Minds
Technologies (India), Fujitsu Ltd (Japan), Syntel, Inc (U.S.), Avanade Inc.
(U.S.), Idexcel, Inc (U.S.), Espire Infolabs Pvt. Ltd (India), Unisys
Corporation (U.S.), Bell Integrator, Inc (U.S.), Atos SE (France), Tech
Mahindra Limited (India), and Oracle Corporation (U.S.). Other players expected
to contribute to market growth are Apps Associates LLC (U.S.), BDO IT Solution
(Canada), NTT DATA, Inc (U.S.), Asysco Software B.V (The Netherlands),
Macrosoft Inc (U.S.), Micro Focus International Plc (U.K), IBM Corporation
(U.S.), Capgemini SE (France), Cognizant Technology Solutions Corp (U.S.),
Cyber Infrastructure Pvt. Ltd (India), Dell Inc (U.S.), Wipro Limited (India),
and DSRC Private Limited (India).
Regional Analysis
The geographical evaluation
of the global application modernization service market is covered for four
regional segments, which are - North America, Asia Pacific, Europe, and the
Rest of the World (RoW). These regional segments are narrowed down for a
country-level study. North America, followed by Europe, is likely to lead the
market. Both these regions are highly equipped with advanced technologies,
which is the common primary driver of the regional application modernization
service markets. Also, the key players such as Accenture, Syntel, etc. are
based out of these regions. Consolidation of global market leaders is projected
to support the proliferation of the application modernization service market in
the regions in the nearing years.
Get Complete Report @ https://www.marketresearchfuture.com/reports/application-modernization-services-market-5541
Intended Audience:
·
Application Modernization
Services providers
·
IT providers
·
Software vendors
·
Retail vendors
·
Cloud service providers
·
Local/Government Agencies
·
Cloud Infrastructure
Agencies
·
Value-added Resellers
·
Research Firms
About Us:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment