Application Modernization Services Market Revenue Share, Growth Factors, Trends, Analysis & Forecast, 2020–2028
The global
Application Modernization Services market research report forecast to 2028
has been recently published by Reports and Data to help user understand the
current market scenario. The report offers a detailed analysis of market
size, revenue growth, emerging trends, top companies, market drivers,
restraints, opportunities, limitations that the global Application
Modernization Services market is expected to offer during the forecast period.
The data is obtained through extensive primary and secondary research which is
further verified by industry experts. This data is represented using various
charts, tables and graphs which makes it easier for the reader. It also
provides complete analysis of the global Application Modernization Services
market with details about statistical tools such as SWOT and Porter’s Five
Forces analysis. The report shed light on various top companies in the market.
The global Application
Modernization Services market size was USD 641.9 Million in 2020 and is
expected to reach a value of USD 4,604.4 Million by 2028, and register a CAGR
of 28.5% during the forecast period.
Key Players Operating in Global Application Modernization
Services Market:
- Accenture
- Asysco
- Atos
- Bell
Integrator
- Capgemini
- Cognizant
- Fujitsu
- HCL
- IBM
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The information and communication technology sector is
expected to observe a robust revenue growth over the forecast period. Factors
such as technological advancements in AI and robotics, increasing innovations,
growing need for high data security, large data management are fueling market
development. Availability of variety of devices such as computers, smartphones,
softwares and growing usage of internet is boosting overall growth of the
information and communication technology. In addition, growing adoption of IOT
and cloud based systems, increasing demand for technologically advanced
devices, and change in consumer preference are some significant factors fueling
market growth.
Competitive landscape of global Application Modernization
Services market is quite fragmented with regional and global key players. They
are often involved in various strategies including mergers and acquisitions,
collaborations, new product launches or corporate deals to sustain their market
position and expand their product portfolio.
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Global Application Modernization Services Market:
Segmentation
The report consists
of forecasts for the application modernization services market at the global,
regional, and country levels. The report contains analysis of trends in each
segment of the market for the period from 2017 to 2027. For this study, Reports
and Data has segmented the global application modernization services market on
the basis of service and end-user as follows.
By Service (Revenue, USD Billion; 2017-2027)
- Application Portfolio Assessment
- Cloud Application Migration
- Application Replatforming
- Application Integration
- UI Modernization
By End-user (Revenue, USD Billion; 2017-2027)
- Small & Medium Enterprises
- Large Enterprises
Key questions
addressed in the global Application Modernization Services market report:
- What revenue CAGR is the
global Application Modernization Services market projected to register
throughout the forecast period?
- Which leading companies
are operating in the global Application Modernization Services market?
- Which region is expected
to account for largest revenue growth over the forecast period?
- What are the key drivers
that are expected to fuel the global market?
- What are the key outcomes
of Porter’s Five Force analysis of the global Application Modernization
Services market?
- What are the key
restraints expected to hamper global market growth?
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