Global Application Modernization Services Market Outlook 2037

The global application modernization services market is anticipated to grow with a CAGR of 16.60% over the forecast period, i.e., 2025-2037. Factors such as the surge in the adoption of cloud computing, followed by the rising collaboration and partnership among the market players are projected to drive the growth of the market in the coming years. Additionally, the rising government initiatives and regulatory standards are also expected to boost market growth. The market is estimated to garner a revenue of nearly USD 132 billion by the end of 2037, up from a revenue of about USD 18 billion in the year 2024.

The global application modernization services market is segmented into numerous segments, which include segmentation by type, organization size, industry vertical, and by region. By organization size, the market is segmented into SMEs and large companies. By the end of 2037, the large companies segment is anticipated to garner the largest revenue of around USD 93 billion, up from a revenue of close to USD 13.0 billion in the year 2024.

On the basis of region, the global application modernization services market is segmented into North America, Europe, and Asia Pacific excluding Japan, Japan, Latin America, and Middle East & Africa. The market in North America, amongst the markets in all the other regions, is anticipated to garner the largest revenue of more than USD 51 billion by the end of 2037. Moreover, in the year 2024, the market in the region generated a revenue of over USD 6 billion.

Some of the prominent industry leaders in the global application modernization services market that are included in our report are International Business Machines Corporation, Capgemini, Cognizant Technology Solutions Corp, HCL Technologies Limited, ScienceSoft USA Corporation, Rocket Software, Damco Group, and others.

1. An Introduction to the Research Study

1.1. Preface
1.2. Market Taxonomy
1.3. Definition of the Market and the Segments
1.4. Acronyms and Assumptions

2. The Research Procedure

2.1. Sources of Data
2.2. Secondary
2.3. Primary
2.3.1. Calculation and Derivation of Market Size
2.4. Top-down approach
2.5. Bottom-up approach

3. Executive Summary4. Market Opportunities5. Market Dynamics6. Major Roadblocks7. Recommendation by Analyst for C-Level Executives8. Evaluation of Market Outlook9. Fundamental Market Prospects10. Regulatory Landscape11. Value Chain Analysis12. Industry Growth Outlook13. Recent Developments/Collaborations/Acquisitions in the Application Modernization Services Market14. SWOT Analysis15. Analysis of the Application Modernization Service Type16. Technology Transition and Adoption Analysis17. Case Study Analysis18. Competitive Feature Analysis19. Industry Vertical Analysis

20. Global Application Modernization Services Market Valuation, Business Viewpoint and Forecast, 2024-2037: Worldwide Factors Fostering the Industry Growth

20.1. Market Summary
20.2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
20.3. Market Value (USD Million) Current and Future Projections, 2024-2037
20.4. Market Increment $ Opportunity Assessment, 2024-2037
20.5. Year-on-Year Growth Forecast (%)
20.6. Global Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
20.6.1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
20.6.2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
20.6.3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
20.6.4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
20.6.5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
20.6.6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
20.7. Global Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
20.7.1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
20.7.2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
20.8. Global Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
20.8.1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
20.8.2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
20.8.3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
20.8.4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
20.8.5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
20.9. Global Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037
20.9.1. North America, Market Value (USD Million), Current and Future Projections, 2024-2037
20.9.2. Latin America, Market Value (USD Million), Current and Future Projections, 2024-2037
20.9.3. Europe, Market Value (USD Million), Current and Future Projections, 2024-2037
20.9.4. Asia Pacific Excluding Japan (APEJ), Market Value (USD Million), Current and Future Projections, 2024-2037
20.9.5. Japan, Market Value (USD Million), Current and Future Projections, 2024-2037
20.9.6. Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2024-2037
Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

21. North America Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037

21.1. Market Summary
21.2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
21.3. Market Value (USD Million) Current and Future Projections, 2024-2037
21.4. Market Increment $ Opportunity Assessment, 2024-2037
21.5. Year-on-Year Growth Forecast (%)
21.6. North America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
21.6.1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
21.6.2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
21.6.3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
21.6.4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
21.6.5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
21.6.6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
21.7. North America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
21.7.1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
21.7.2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
21.8. North America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
21.8.1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
21.8.2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
21.8.3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
21.8.4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
21.8.5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
21.9. North America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037
21.9.1. US, Market Value (USD Million), Current and Future Projections, 2024-2037
21.9.2. Canada, Market Value (USD Million), Current and Future Projections, 2024-2037
Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

22. United States Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037

22.1. Market Summary
22.2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
22.3. Market Value (USD Million) Current and Future Projections, 2024-2037
22.4. Market Increment $ Opportunity Assessment, 2024-2037
22.5. Year-on-Year Growth Forecast (%)
22.6. United States Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
22.6.1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
22.6.2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
22.6.3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
22.6.4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
22.6.5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
22.6.6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
22.7. United States Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
22.7.1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
22.7.2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
22.8. United States Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
22.8.1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
22.8.2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
22.8.3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
22.8.4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
22.8.5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

23. Latin America Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037

23.1. Market Summary
23.2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
23.3. Market Value (USD Million) Current and Future Projections, 2024-2037
23.4. Market Increment $ Opportunity Assessment, 2024-2037
23.5. Year-on-Year Growth Forecast (%)
23.6. Latin America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
23.6.1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
23.6.2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
23.6.3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
23.6.4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
23.6.5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
23.6.6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
23.7. Latin America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
23.7.1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
23.7.2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
23.8. Latin America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
23.8.1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
23.8.2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
23.8.3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
23.8.4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
23.8.5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
23.9. Latin America Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
23.9.1. Brazil, Market Value (USD Million), Current and Future Projections, 2024-2037
23.9.2. Mexico, Market Value (USD Million), Current and Future Projections, 2024-2037
23.9.3. Argentina, Market Value (USD Million), Current and Future Projections, 2024-2037
23.9.4. Rest of Latin America, Market Value (USD Million), Current and Future Projections, 2024-2037
Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

24. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037

24.1. Market Summary
24.2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
24.3. Market Value (USD Million) Current and Future Projections, 2024-2037
24.4. Market Increment $ Opportunity Assessment, 2024-2037
24.5. Year-on-Year Growth Forecast (%)
24.6. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
24.6.1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
24.6.2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
24.6.3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
24.6.4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
24.6.5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
24.6.6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
24.7. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
24.7.1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
24.7.2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
24.8. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
24.8.1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
24.8.2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
24.8.3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
24.8.4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
24.8.5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
24.9. Europe Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
24.9.1. Germany, Market Value (USD Million), Current and Future Projections, 2024-2037
24.9.2. UK, Market Value (USD Million), Current and Future Projections, 2024-2037
24.9.3. Italy, Market Value (USD Million), Current and Future Projections, 2024-2037
24.9.4. France, Market Value (USD Million), Current and Future Projections, 2024-2037
24.9.5. Spain, Market Value (USD Million), Current and Future Projections, 2024-2037
24.9.6. BENELUX, Market Value (USD Million), Current and Future Projections, 2024-2037
24.9.7. Russia, Market Value (USD Million), Current and Future Projections, 2024-2037
24.9.8. Poland, Market Value (USD Million), Current and Future Projections, 2024-2037
24.9.9. Rest of Europe, Market Value (USD Million), Current and Future Projections, 2024-2037
Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

25. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037

25.1. Market Summary
25.2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
25.3. Market Value (USD Million) Current and Future Projections, 2024-2037
25.4. Market Increment $ Opportunity Assessment, 2024-2037
25.5. Year-on-Year Growth Forecast (%)
25.6. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
25.6.1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
25.6.2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
25.6.3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
25.6.4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
25.6.5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
25.6.6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
25.7. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
25.7.1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
25.7.2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
25.8. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
25.8.1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
25.8.2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
25.8.3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
25.8.4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
25.8.5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
25.9. Asia Pacific Excluding Japan (APEJ) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
25.9.1. China, Market Value (USD Million), Current and Future Projections, 2024-2037
25.9.2. India, Market Value (USD Million), Current and Future Projections, 2024-2037
25.9.3. Indonesia, Market Value (USD Million), Current and Future Projections, 2022-2035
25.9.4. South Korea, Market Value (USD Million), Current and Future Projections, 2024-2037
25.9.5. Australia, Market Value (USD Million), Current and Future Projections, 2024-2037
25.9.6. Singapore, Market Value (USD Million), Current and Future Projections, 2024-2037
25.9.7. Malaysia, Market Value (USD Million), Current and Future Projections, 2024-2037
25.9.8. New Zealand, Market Value (USD Million), Current and Future Projections, 2024-2037
25.9.9. Vietnam, Market Value (USD Million), Current and Future Projections, 2024-2037
25.9.10. Rest of Asia Pacific Excluding Japan (APEJ), Market Value (USD Million), Current and Future Projections, 2024-2037
Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

26. Japan Application Modernization Services Market Valuation, Business Viewpoint and Forecast by Region, 2024-2037

26.1. Market Summary
26.2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
26.3. Market Value (USD Million) Current and Future Projections, 2024-2037
26.4. Market Increment $ Opportunity Assessment, 2024-2037
26.5. Year-on-Year Growth Forecast (%)
26.6. Japan Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
26.6.1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
26.6.2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
26.6.3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
26.6.4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
26.6.5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
26.6.6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
26.7. Japan Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
26.7.1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
26.7.2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
26.8. Japan Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
26.8.1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
26.8.2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
26.8.3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
26.8.4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
26.8.5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

27. Middle East & Africa Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Region, 2024-2037

27.1. Market Summary
27.2. Analysis on Trends, Leading Companies, Drivers and Challenges in the region & Impact on Y-O-Y Revenue
27.3. Market Value (USD Million) Current and Future Projections, 2024-2037
27.4. Market Increment $ Opportunity Assessment, 2024-2037
27.5. Year-on-Year Growth Forecast (%)
27.6. Middle East & Africa Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Service, 2024-2037
27.6.1. Application Portfolio Evaluation, Market Value (USD Million), Current and Future Projections, 2024-2037
27.6.2. Cloud application migration, Market Value (USD Million), Current and Future Projections, 2024-2037
27.6.3. Application re-platforming, Market Value (USD Million) Current and Future Projections, 2024-2037
27.6.4. Application integration, Market Value (USD Million) Current and Future Projections, 2024-2037
27.6.5. UI modernization, Market Value (USD Million) Current and Future Projections, 2024-2037
27.6.6. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
27.7. Middle East & Africa Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Organization Size, 2024-2037
27.7.1. Small and medium-sized enterprises, Market Value (USD Million), Current and Future Projections, 2024-2037
27.7.2. Large companies, Market Value (USD Million), Current and Future Projections, 2024-2037
27.8. Middle East & Africa Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Industry Vertical, 2024-2037
27.8.1. BFSI, Market Value (USD Million), Current and Future Projections, 2024-2037
27.8.2. Healthcare, Market Value (USD Million), Current and Future Projections, 2024-2037
27.8.3. IT and Telecom, Market Value (USD Million) Current and Future Projections, 2024-2037
27.8.4. Retail, Market Value (USD Million) Current and Future Projections, 2024-2037
27.8.5. Others, Market Value (USD Million) Current and Future Projections, 2024-2037
27.9. Middle East & Africa (Middle East & Africa) Application Modernization Services Market Valuation, Business Viewpoint, and Forecast by Country, 2024-2037
27.9.1. Combined Gulf Countries, Market Value (USD Million), Current and Future Projections, 2024-2037
27.9.2. Israel, Market Value (USD Million), Current and Future Projections, 2024-2037
27.9.3. South Africa, Market Value (USD Million), Current and Future Projections, 2024-2037
27.9.4. Rest of Middle East & Africa, Market Value (USD Million), Current and Future Projections, 2024-2037
Cross Analysis of Service w.r.t. Industry Vertical (USD Million), 2024-2037

28. Comprehensive Analysis of Leading Players in the Market

28.1. Market share of Key Competitors in the Market (%), 2023
28.2. Profile of the Major Vendors
28.3. Accenture
28.4. Avanade Inc.
28.5. Atos SE
28.6. International Business Machines Corporation
28.7. Capgemini
28.8. Cognizant
28.9. HCL Technologies Limited
28.10. ScienceSoft USA Corporation
28.11. Softura
28.12. Damco Group
28.13. PreludeSys
28.14. Belitsoft
28.15. DXC Technology Company
28.16. Mphasis

Companies Mentioned

International Business Machines Corporation
Capgemini
Cognizant Technology Solutions Corp
HCL Technologies Limited
ScienceSoft USA Corporation
Rocket Software
Damco Group

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