Application modernization is a service designed to manage legacy transformations to new applications. Transformations take place to incorporate new features into existing business. Application modernization typically occurs with platform rebuilding in the case of cloud, rehosting, reengineering, etc. to ensure that the application architecture is suitable for the business.
The Application Modernization Services market is heavily influenced by factors such as the growing demand for faster awareness and service delivery in business, the full use of the benefits of data analytics and related technologies, and the increasing adoption of cloud computing in various industries and enterprises. Application. However, there are certain factors that are holding back the market growth, such as excessive financial investment by enterprises, which is slowing the deployment of application modernization service technologies. Another factor slowing the growth of this market is the lack of skilled resources for legacy technologies. However, the presence of a large number of legacy applications provides significant opportunities for the market to grow in the near future.
A full report of Application Modernization Services Market is available at: https://www.orionmarketreports.com/application-modernization-services-market/42129/
Application Modernization Services Market Segmentation
Based on Service:
• Application Portfolio Assessment
• Cloud Application Migration
• Application Re-platforming
• Application Integration
• UI Modernization
• Post Modernization
Based on Cloud Deployment Mode:
• Private Cloud
• Public Cloud
• Hybrid Cloud
Based on End Users:
• SMEs
• Large Enterprises
• Based on Vertical:
• BFSI
• Healthcare and Life Sciences
• Telecommunications
• IT and ITeS
• Retail and Consumer Goods
• Government and Public Sector
• Energy and Utilities
• Manufacturing
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Application Modernization Services Market Report
• What was the Application Modernization Services Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Application Modernization Services Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Application Modernization Services Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
