The application modernization services market size is expected to grow from USD 15.2 billion in 2022 to USD 32.8 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 16.7% during the forecast period. Application modernization services deal with the transfer of legacy applications to new platforms or applications, as well as the integration of new functionality to give the business the newest features. Numerous modernization alternatives are offered by vendors for re-platforming, re-hosting, recoding, rearchitecting, re-engineering, interoperability, replacement, and retirement. The application architecture may also be modified to help choose the best course of action.
Legacy modernization extends the lifespan of an organization's applications while simultaneously utilizing technological advancements instead of completely replacing or retiring an existing system. Many businesses discover that a sizable portion of legacy workloads, underlying platforms, technologies, and conventional development methods are impeding company agility and innovation. This is because many legacy systems were created prior to the emergence of cloud computing, cloud-native development methodologies, Linux containers, and other recent innovations. Many of these workloads, though, continue to be crucial to the business and represent substantial, long-term investments that are difficult to replace or retire.
To know about the assumptions considered for the study download the pdf brochure
Some of the major application modernization services market vendors are IBM (US), Accenture (Ireland), HCL Technologies (India), Atos (France), Capgemini (France), Cognizant (US), TCS (India), Bell Integrators (US), Innova Solutions (US), Oracle (US), Microsoft (US), EPAM Systems (US), Aspire Systems (India), NTT Data (Japan), Dell Technologies (US), DXC Technology (US), Infosys (India), LTI (India), Wipro (India), Micro Focus (UK), Fujitsu (Japan), Softura (US), Hexaware Technologies (India), Virtusa (US), and MongoDB (US).
MongoDB is a globally acclaimed NoSQL solution provider. The company offers application modernization to various enterprises by enabling the modernization of their legacy technology infrastructure. Using technologies such as Agile and DevOps, MongoDB provides modernization services to large-scale organizations. MongoDB enables the building of the Application Modernization Factory for its customers by providing advisory, consulting, application governance, and life cycle monitoring. It caters to these services with the help of processes, such as application portfolio assessment, architecture designing, application re-platforming, and application optimization, for legacy systems and mainframes. Further, the fully managed MongoDB database at the core of the MongoDB Atlas developer data platform is accessible in over 95 locations on AWS, Google Cloud, and Microsoft Azure. Atlas is a user-friendly, reasonably priced modern service with features such as serverless instances, auto-scaling, and data dissemination across many clouds. Due to these features, development teams may concentrate on their apps rather than dealing with the hassle of managing their own databases. The company caters to various industry verticals such as public sector, retail, healthcare, manufacturing, and BFSI.
Geomotiv was founded in 2010 and is headquartered in Virginia, US. Geomotiv is an international bespoke software development company with a team of specialists proficient in a wide range of modern technologies. Businesses may accelerate their digital transformation processes and lay the groundwork for future innovation by using Geomotiv to streamline the modernization of their old applications and the migration of their legacy code. By upgrading business applications and implementing Agile methodology, integration-ready APIs, DevOps techniques, Microservices architecture, and Cloud technologies, Geomotiv revitalize any heavy legacy software. Technology experts at Geomotiv present opportunities to package the current legacy software and make it accessible for adaptable open-system platforms via API. They offer low-cost, low-risk legacy system modernization to match user's needs based on wrapping technology, which keeps the code in the current environment. The company offers various benefits with the help of application modernization services such as encapsulation, re-platforming, rehosting, rearchitecting, reengineering, refactoring, redesigning, and replacing.
Application Modernization Services Market by Service Type (Application Portfolio Assessment, Cloud application Migration, Application Re-platforming), Cloud Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2027
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE