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全球应用现代化服务市场 2024-2031Global Application Modernization Services Market 2024-2031 |
应用现代化服务市场预计在预测期内(2024-2031 年)将以 17% 的复合年增长率适度增长。应用程式现代化服务是帮助组织更新现有软体应用程式以提高效率、安全性和可扩展性的公司。这些服务解决了遗留应用程式的成本和维护、应对安全威胁的需求以及用户友好介面的需求等挑战。透过实施这些服务,公司可以提高其应用程式的效能和安全性。
市场动态
Global Application Modernization Services Market Size, Share & Trends Analysis Report by Type (Application Portfolio Assessment, Cloud Application Migration, Application Re-Platforming, Others), by Deployment (Public Cloud, Private Cloud, Hybrid Cloud), By Size (Large Enterprise, SMEs) and By Industry Vertical Outlook (BFSI, Retail & E-commerce, Manufacturing, IT & Telecommunication and Others) Forecast Period (2024-2031)
Application modernization services market is anticipated to grow at a moderate CAGR of 17% during the forecast period (2024-2031). Application modernization services are companies that assist organizations in updating their existing software applications to enhance efficiency, security, and scalability. These services address challenges such as the cost and maintenance of legacy applications, the need to keep up with security threats, and the need for a user-friendly interface. By implementing these services, companies can improve their applications' performance and security.
Market Dynamics
Rising Focus on Digital Transformation
Many businesses are undergoing digital transformation initiatives. Digital transformation is the process of using digital technologies to improve business processes and create new opportunities. Application modernization services can help businesses to modernize their applications and support their digital transformation initiatives. 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.
Growth in Cloud-Based Services Usage
Globally, growing trend of businesses migrating their applications to the cloud. Cloud-based applications can offer a number of benefits, such as increased scalability, improved performance, and reduced costs. Application modernization services can help businesses migrate their applications to the cloud and integrate them with other cloud-based services. 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.
Market Segmentation
Our in-depth analysis of the global application modernization services market includes the following segments by type, product, and technology,
Application Portfolio Assessment is Projected to Emerge as the Largest Segment
Among these, the application portfolio assessment application modernization services segment is expected to hold the largest share of the market. The Application Portfolio Assessment (APA) segment holds the largest market share within application modernization services due to its strategic planning foundation and the need for inventory and clarity. APA helps organizations understand their existing application landscape by evaluating factors like functionality, criticality, technologies, integration points, and maintenance costs. This comprehensive assessment allows businesses to prioritize applications needing modernization, ensuring resources are not wasted on unnecessary modernization. APA serves as a roadmap for application modernization, leading to an efficient and cost-effective journey. For Instance, In November 2023, NTT DATA partnered with Amazon Web Services (AWS) to integrate its UniKix Mainframe Replatforming software into the AWS Mainframe Modernization service. This software from NTT DATA aids in streamlining the process of modernizing legacy systems and applications, thereby assisting businesses in cutting down on expenses and complexities. This partnership enables NTT DATA to offer cost-effective cloud migration solutions to their clients.
IT and Telecommunication Sub-segment to Hold a Considerable Market Share
IT and Telecommunication sub-segments had considerable shares in the application modernization services market due to the rapid technological change, security concerns, and improved user experience. Modern applications offer enhanced collaboration, reduced costs, and increased agility. Examples include improving network management, customer relationship management, and e-commerce platforms. These applications can enhance efficiency, optimize resource allocation, and enable real-time monitoring. They also provide better customer retention and data analytics, making them ideal for addressing security vulnerabilities and improving business efficiency. Security and compliance considerations play a significant role in propelling the adoption of application modernization services within the BFSI sector. With the rise of cybersecurity threats and stringent regulatory frameworks, such as GDPR and PSD2, financial institutions are under immense pressure to fortify their IT infrastructures and ensure data protection.
The global application modernization services market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North American countries to invest in Application Modernization Services
The US and Canada are key investors and users of application modernization services in North America due to their strong tech presence, focus on innovation, mature IT infrastructure, and regulatory landscape. With a large number of businesses reliant on software applications, modernization allows them to stay competitive. Both countries have established cloud service providers and skilled workforces, making modernization crucial for compliance with data security and privacy regulations.
North America Holds Major Market Share
Among all the regions, North America holds a significant share owing to the presence of rising demand for application modernization services. North America's strong market position in the application modernization services sector is attributed to its well-developed IT infrastructure, focus on cybersecurity, demand for innovation and efficiency, and the presence of major service providers. The country's high-speed internet connectivity, reliable data centers, and mature cloud services market make it easier for businesses to adopt cloud-based solutions. The demand for innovation and efficiency is driven by the competitive nature of North American businesses, which leverage the latest technologies like cloud computing, AI, and machine learning. The culture of early adoption and government initiatives also contribute to the market penetration of application modernization services.
The major companies serving the global application modernization services market include IBM, Accenture, Infosys, Cognizant, Capgemini, Tata Consultancy Services, DXC Technology, and HCL Technologies, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. In January 2024, IBM Corporation acquired application modernization capabilities from Advanced, increasing IBM Consulting's offerings in mainframe application and data modernization services. The acquisition is intended to enhance IBM's ability to provide a comprehensive range of options for modernizing mainframe applications, aligning with the abilities of IBM Watson Code Assistant for Z, a generative AI-assisted tool designed to expedite mainframe application modernization.