Home > Media & Technology > Information Technology > IT Services > Application Modernization Services Market

Application Modernization Services Market Share

Report ID: GMI5578
Published Date: Apr 2023
Report Format: PDF

Download Free Sample

Application Modernization Services Market Share

Some of the leading companies involved in the application modernization services market are:

Tech Mahindra Ltd
Accenture
IBM Corporation
TATA Consultancy Services Limited
Microsoft Corporation
Infosys Limited
Nutanix
Oracle Corporation
Deloitte
Dell Inc
Wipro
Atos SE
LTIMindtree Limited
EPAM Solutions Hub
HCL Technologies Limited
Softura, Ernst & Young Global Limited
Cognizant.

Companies are partnering with other related firms to expand their market position. For instance, in April 2023, Infosys and LexisNexis started working together to provide information services across content, enterprise, and product applications. These services will provide content modernization, application modernization, life cycle upgrades, application maintenance and support, and application development and validation.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The application modernization services industry size was worth USD 19.8 billion in 2022 and is set to grow at 10% CAGR from 2023 to 2032.

The SMEs segment is poised to witness over 10% CAGR during 2023 to 2032, due to the large investments needed to set up on-premises data storage infrastructure, which may be difficult for SMEs with tight budgets.

North America market size will reach USD 25 billion by 2032, owing to the increasing investment in AI and IoT-based services.

Tech Mahindra Ltd., Accenture, Infosys Limited, Oracle Corp., TCS, Microsoft Corp., Deloitte, Dell Inc., Wipro, Atos SE, Softura, Ernst & Young Global Limited, and Cognizant are some of the key players in the market.