Global Application Modernization Services market is anticipated to grow at a moderate CAGR of 17% during the forecast period (2024-2031). The growing adoption of cloud computing is driving the application modernization services market. This is due to the complexity of migrating existing applications to the cloud, the need for cloud-native development, and the potential benefits of modernization. These services help companies adapt their existing applications to new paradigms, unlocking cloud benefits such as scalability, performance, agility, and integration with cloud services.
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For instance, in May 2023, Kyndryl launched a range of innovative services and features aimed at assisting Red Hat OpenShift customers in bolstering and broadening their capacity to seamlessly modernize and transition core business applications to hybrid cloud environments.
In March 2024, Fujitsu Limited partnered with Amazon Web Services (AWS) to accelerate the modernization of legacy applications through deployment on the AWS Cloud. Fujitsu and AWS deliver evaluation, migration, and enhancement services for legacy mission-critical applications currently operating on on-premise mainframes and UNIX servers, facilitating their transition to the AWS Cloud.
Global Application Modernization Services Market Report Segment
By Type
- Application Portfolio Assessment
- Cloud Application Migration
- Application Re-Platforming
- Others (Application Integration, UI Modernization, Post-Modernization)
By Deployment
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Size
- Large Enterprises
- SMEs
By Service Industry Vertical
- BFSI
- Retail & E-commerce
- Manufacturing
- IT & Telecommunication
- Others
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Company Profiles
- Cognizant
- Capgemini
- Tata Consultancy Services
- DXC Technology
- HCL Technologies
- Wipro
- NTT DATA Corporation
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