Over the next five years, Garner Insights projects that Application Modernization Services will register a 16.3% CAGR in terms of revenue, reach US$ 25600 million by 2023, from US$ 10400 million in 2017

Pune, India -- (SBWire) -- 08/21/2018 --Latest Research Report on Global Application Modernization Services Market Added by Garner Insights which covers Market Overview, Future Application Modernization Services Market Economic Impact, Competition by Manufacturers, Supply (Production), & Consumption Analysis

The Application Modernization Services Market research study relies upon a combination of primary as well as secondary research. Application modernization is the refactoring, re-purposing or consolidation of legacy software programming to align it more closely with current business needs. The goal of an application modernization project is to create new business value from existing applications. An application is a program designed to perform a specific function directly for the user or, in some cases, for another application program. Keeping legacy applications running smoothly can be a time-consuming, resource-intensive process, especially when the software becomes so outdated that it becomes incompatible with newer versions of the underlying operating system (OS) or system hardware.

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Over the next five years, Garner Insights projects that Application Modernization Services will register a 16.3% CAGR in terms of revenue, reach US$ 25600 million by 2023, from US$ 10400 million in 2017

The report also profiles some of the major players functioning in the Global Application Modernization Services Market, on the basis of various factors such as the company overview, revenue, product offering (s), key development (s), business strategies, Porter's five forces analysis, and SWOT analysis.

Key players
Some of the major players profiled in this report include 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

Market Scenario:

Application Modernization Tools is mainly divided into three subdivisions: Emulation, Translation and Business rules extraction. And Emulation was the most widely used area which took up about 45.43% of the global total in 2017. However, in the further, Business rules extraction is growing fast and will occupy more share. By language, Application Modernization Services market can be divided into Cobol, ADA, PL/1, RPG, Assembler and PowerBuilder, Cobol is the largest subdivision with the market share of 63.32% in 2017.

United States is the largest consumption countries of Application Modernization Services in the world in the past few years and it will keep leader position in the next few years. United States market took up about 34.51% the global market in 2017, while Europe was about 30.70%. United States is now the key developers of Application Modernization Services; most companies are in USA. Others are in Europe, Japan and India.

Application Modernization Services Market Segmentation By Types And Application:  

By Types: Cobol, ADA, RPG, Assembler, PowerBuilder, Others

By Applications: Emulation, Translation, Business Rules Extraction

Regional analysis
Based on geographies Application Modernization Services market has been analyzed as:
Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries

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Following Sections to show the Application Modernization Services Market showcase
Section 1: Industry: Overview, Development of Market Segment, Upstream, Downstream and Cost Analysis
Section 2: Industry Environment: Policy, Economics, Sociology, and Technology
Section 3: Supply (Production), Consumption, Export, Import by Region (2012-2017)
Section 4: Industrial Chain, Sourcing Strategy and Downstream Buyers
Section 5: Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis
Continued…

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