Market Overview:
The global app modernization services market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mobile apps and the need for businesses to keep up with changing technology trends. By type, the Cobol segment is expected to lead the global app modernization services market during the forecast period, owing to its widespread use in legacy systems across various industries. By application, emulation is expected to be the largest segment of the global app modernization services market duringthe forecast period, as it helps organizations migrate their applications from one platform or environmentto another without any loss of functionality or data.
Product Definition:
App Modernization Services refers to the process of updating or transforming an existing application to make it compatible with new technology platforms, operating systems, devices, or user interfaces. The goal of app modernization is typically to improve performance, scalability, security, and usability. App modernization can also involve porting an application from one programming language to another.
Cobol:
Cobol is a high-level computer language developed by IBM for business application development. It was designed in the 1960s as a general-purpose programming language to meet the needs of applications that required reporting and transaction capabilities. The growth factor in App Modernization Services market is due to its widespread use for system integration, data management, and business process automation services across various industries such as BFSI, government & defense, telecom & IT among others.
ADA:
The Americans with Disabilities Act (ADA) of 1990 is a civil rights law that aims to eliminate discrimination against individuals with disabilities in the areas of employment, transportation, and public services. The ADA requires businesses to make reasonable modifications for people with disabilities who are participating in any business activity.
App Modernization Services include Application Software Development Life Cycle (ASDL), Universal Design, Accessible Rich Internet Applications (ARIA),.
Application Insights:
The application segment is segregated into emulation, translation, business rules extraction and others. The application of modernization services in the global App Modernization Services market is highest for ADA (Application Development Automation), PL/1 ( Procedural Language 1 ), RPG (Rational Rose), Assembler and PowerBuilder.
Emulation was the largest revenue-generating segment in 2017 owing to rising demand for emulated software applications across different industries such as banking & financial institutions, telecom & IT companies and public sector enterprises. The need to replace legacy systems that are not compatible with newer operating systems or hardware platforms has driven organizations to invest in modernizing their existing apps so they can be deployed on more widely used systems or devices with improved performance characteristics over the older ones.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to several factors such as increasing investments in R&D, high adoption rate of modern technologies and presence of a large number of outsourcing companies offering app modernization services. Moreover, growing demand for mobile apps is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising disposable income and rapid urbanization resulting in increased consumer spending on consumer electronics including smartphones and tablets among others. Furthermore, favorable government initiatives regarding IT development are also expected to fuel regional demand during the forecast period.
Growth Factors:
- Increased demand for mobile apps: The increasing demand for mobile apps is one of the primary growth drivers for the app modernization services market. With the advent of new technologies and platforms, businesses are looking to develop innovative mobile apps to cater to the needs of their customers. This is expected to drive the demand for app modernization services in the coming years.
- Proliferation of BYOD policies: The proliferation of BYOD (bring your own device) policies has led to an increase in the number of employees using personal devices for work-related activities. This is resulting in a growing need for organizations to modernize their legacy applications so that they can be used on different devices and platforms.
- Emergence of cloud-based applications: Cloud-based applications are becoming increasingly popular due to their scalability and flexibility features. Organizations are shifting towards cloud-based application development models as they offer several benefits such as reduced costs, faster time-to-market, and improved efficiency levels. This is expected to boost the demand for app modernization services in years ahead..
Scope Of The Report
Report Attributes
Report Details
Report Title
App Modernization Services Market Research Report
By Type
Cobol, ADA, PL/1, RPG, Assembler, PowerBuilder, Others
By Application
Emulation, Translation, Business Rules Extraction
By 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
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global App Modernization Services Market Report Segments:
The global App Modernization Services market is segmented on the basis of:
Types
Cobol, ADA, PL/1, RPG, Assembler, PowerBuilder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Emulation, Translation, Business Rules Extraction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 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
Highlights of The App Modernization Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cobol
- ADA
- PL/1
- RPG
- Assembler
- PowerBuilder
- Others
- By Application:
- Emulation
- Translation
- Business Rules Extraction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the App Modernization Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
App modernization services are a type of software development service that helps organizations modernize their mobile applications. They can help with the design and development of new features for an app, as well as the optimization and enhancement of an existing app.
Some of the major companies in the app modernization services market are 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.
The app modernization services market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 App Modernization Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 App Modernization Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 App Modernization Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the App Modernization Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global App Modernization Services Market Size & Forecast, 2018-2028
4.5.1 App Modernization Services Market Size and Y-o-Y Growth
4.5.2 App Modernization Services Market Absolute $ Opportunity
Chapter 5 Global App Modernization Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 App Modernization Services Market Size Forecast by Type
5.2.1 Cobol
5.2.2 ADA
5.2.3 PL/1
5.2.4 RPG
5.2.5 Assembler
5.2.6 PowerBuilder
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global App Modernization Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 App Modernization Services Market Size Forecast by Applications
6.2.1 Emulation
6.2.2 Translation
6.2.3 Business Rules Extraction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global App Modernization Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 App Modernization Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America App Modernization Services Analysis and Forecast
9.1 Introduction
9.2 North America App Modernization Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America App Modernization Services Market Size Forecast by Type
9.6.1 Cobol
9.6.2 ADA
9.6.3 PL/1
9.6.4 RPG
9.6.5 Assembler
9.6.6 PowerBuilder
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America App Modernization Services Market Size Forecast by Applications
9.10.1 Emulation
9.10.2 Translation
9.10.3 Business Rules Extraction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe App Modernization Services Analysis and Forecast
10.1 Introduction
10.2 Europe App Modernization Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe App Modernization Services Market Size Forecast by Type
10.6.1 Cobol
10.6.2 ADA
10.6.3 PL/1
10.6.4 RPG
10.6.5 Assembler
10.6.6 PowerBuilder
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe App Modernization Services Market Size Forecast by Applications
10.10.1 Emulation
10.10.2 Translation
10.10.3 Business Rules Extraction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific App Modernization Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific App Modernization Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific App Modernization Services Market Size Forecast by Type
11.6.1 Cobol
11.6.2 ADA
11.6.3 PL/1
11.6.4 RPG
11.6.5 Assembler
11.6.6 PowerBuilder
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific App Modernization Services Market Size Forecast by Applications
11.10.1 Emulation
11.10.2 Translation
11.10.3 Business Rules Extraction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America App Modernization Services Analysis and Forecast
12.1 Introduction
12.2 Latin America App Modernization Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America App Modernization Services Market Size Forecast by Type
12.6.1 Cobol
12.6.2 ADA
12.6.3 PL/1
12.6.4 RPG
12.6.5 Assembler
12.6.6 PowerBuilder
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America App Modernization Services Market Size Forecast by Applications
12.10.1 Emulation
12.10.2 Translation
12.10.3 Business Rules Extraction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) App Modernization Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) App Modernization Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) App Modernization Services Market Size Forecast by Type
13.6.1 Cobol
13.6.2 ADA
13.6.3 PL/1
13.6.4 RPG
13.6.5 Assembler
13.6.6 PowerBuilder
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) App Modernization Services Market Size Forecast by Applications
13.10.1 Emulation
13.10.2 Translation
13.10.3 Business Rules Extraction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 App Modernization Services Market: Competitive Dashboard
14.2 Global App Modernization Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 Atos
14.3.3 Bell Integrator
14.3.4 Capgemini
14.3.5 Cognizant
14.3.6 Fujitsu
14.3.7 HCL
14.3.8 IBM
14.3.9 Macrosoft Inc.
14.3.10 Tech Mahindra
14.3.11 TCS
14.3.12 Wipro
14.3.13 Infosys
14.3.14 DXC
14.3.15 Blu Age
14.3.16 TSRI
14.3.17 Modern Systems
14.3.18 Trinity Millennium
14.3.19 Micro Focus
14.3.20 Software Mining
14.3.21 Semantic Designs
14.3.22 Evolveware
14.3.23 Mapador
14.3.24 Fresche Legacy
14.3.25 Asysco
14.3.26 Expersolve
14.3.27 Metaware
14.3.28 MOST Technologies
14.3.29 Freesoft
14.3.30 Language Portability Solutions
