The global IT Modernization Service market is projected to grow from US$ 30.73 billion in 2024 to US$ 64.71 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 11.38% during the forecast period.
The US & Canada market for IT Modernization Service is estimated to increase from $ 11.26 billion in 2024 to reach $ 25.26 billion by 2031, at a CAGR of 12.42% during the forecast period of 2025 through 2031.
The China market for IT Modernization Service is estimated to increase from $ 1.80 billion in 2024 to reach $ 4.06 billion by 2031, at a CAGR of 12.22% during the forecast period of 2025 through 2031.
The Europe market for IT Modernization Service is estimated to increase from $ 9.80 billion in 2024 to reach $ $ 20.20 billion by 2031, at a CAGR of 11.20% during the forecast period of 2025 through 2031.
The global key companies of IT Modernization Service include IBM, HPE, Leidos, Fujitsu, Deloitte, AWS, CGI, Accenture, and Cognizant, etc. In 2024, the global top five players had a share approximately 20.29% in terms of revenue.
Report Includes
This report presents an overview of global market for IT Modernization Service market size. Analyses of the global market trends, with historic market revenue data for 2020 - 2024, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of IT Modernization Service, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for IT Modernization Service, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the IT Modernization Service revenue, market share and industry ranking of main companies, data from 2020 to 2024. Identification of the major stakeholders in the global IT Modernization Service market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2020 to 2031. Evaluation and forecast the market size for IT Modernization Service revenue, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including IBM, HPE, Leidos, Fujitsu, Deloitte, AWS, CGI, Accenture, and Cognizant, etc.
Market Segmentation
By Company
- IBM
- HPE
- Leidos
- Fujitsu
- Deloitte
- AWS
- CGI
- Accenture
- Cognizant
- NTT DATA
- Infosys
- DXC Technology
- Atos
- PwC
- TCS
- HCL Technologies
- Maximus
- Capgemini
- RSM
- Wipro
- UST
- Tech Mahindra
- Innova Solutions
- EPAM
- Mphasis
- IGT Solutions
Segment by Type
- Application Modernization
- Infrastructure Modernization
- Data Modernization
- Business Process Modernization
Segment by Application
- Government
- BFSI
- Manufacturing
- Telecom and Media
- Healthcare
- Others
By Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Middle East
- Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Revenue of IT Modernization Service in global and regional level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world. This section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of IT Modernization Service companies' competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: Asia-Pacific by Type, and by Application, revenue for each segment.
Chapter 9: Latin America by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East & Africa by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, IT Modernization Service revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
Table of Contents
1 Report Overview
- 1.1 Study Scope
- 1.2 Market Analysis by Type
- 1.2.1 Global IT Modernization Service Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
- 1.2.2 Application Modernization
- 1.2.3 Infrastructure Modernization
- 1.2.4 Data Modernization
- 1.2.5 Business Process Modernization
- 1.3 Market by Application
- 1.3.1 Global IT Modernization Service Market Share by Application: 2020 VS 2024 VS 2031
- 1.3.2 Government
- 1.3.3 BFSI
- 1.3.4 Manufacturing
- 1.3.5 Telecom and Media
- 1.3.6 Healthcare
- 1.3.7 Others
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Global Growth Trends
- 2.1 Global IT Modernization Service Market Perspective (2020-2031)
- 2.2 Global IT Modernization Service Growth Trends by Region
- 2.2.1 Global IT Modernization Service Market Size by Region: 2020 VS 2024 VS 2031
- 2.2.2 IT Modernization Service Historic Market Size by Region (2020-2025)
- 2.2.3 IT Modernization Service Forecasted Market Size by Region (2026-2031)
- 2.3 IT Modernization Service Market Dynamics
- 2.3.1 IT Modernization Service Industry Trends
- 2.3.2 IT Modernization Service Market Drivers
- 2.3.3 IT Modernization Service Market Challenges
- 2.3.4 IT Modernization Service Market Restraints
3 Competition Landscape by Key Players
- 3.1 Global Revenue IT Modernization Service by Players
- 3.1.1 Global IT Modernization Service Revenue by Players (2020-2025)
- 3.1.2 Global IT Modernization Service Revenue Market Share by Players (2020-2025)
- 3.2 Global IT Modernization Service Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.3 Global Key Players of IT Modernization Service, Ranking by Revenue, 2023 VS 2024 VS 2025
- 3.4 Global IT Modernization Service Market Concentration Ratio
- 3.4.1 Global IT Modernization Service Market Concentration Ratio (CR5 and HHI)
- 3.4.2 Global Top 10 and Top 5 Companies by IT Modernization Service Revenue in 2024
- 3.5 Global Key Players of IT Modernization Service Head office and Area Served
- 3.6 Global Key Players of IT Modernization Service, Product and Application
- 3.7 Global Key Players of IT Modernization Service, Date of Establishment
- 3.8 Mergers & Acquisitions, Expansion Plans
4 IT Modernization Service Breakdown Data by Type
- 4.1 Global IT Modernization Service Historic Market Size by Type (2020-2025)
- 4.2 Global IT Modernization Service Forecasted Market Size by Type (2026-2031)
5 IT Modernization Service Breakdown Data by Application
- 5.1 Global IT Modernization Service Historic Market Size by Application (2020-2025)
- 5.2 Global IT Modernization Service Forecasted Market Size by Application (2026-2031)
6 North America
- 6.1 North America IT Modernization Service Market Size (2020-2031)
- 6.2 North America IT Modernization Service Market Size by Type
- 6.2.1 North America IT Modernization Service Market Size by Type (2020-2025)
- 6.2.2 North America IT Modernization Service Market Size by Type (2026-2031)
- 6.2.3 North America IT Modernization Service Market Share by Type (2020-2031)
- 6.3 North America IT Modernization Service Market Size by Application
- 6.3.1 North America IT Modernization Service Market Size by Application (2020-2025)
- 6.3.2 North America IT Modernization Service Market Size by Application (2026-2031)
- 6.3.3 North America IT Modernization Service Market Share by Application (2020-2031)
- 6.4 North America IT Modernization Service Market Size by Country
- 6.4.1 North America IT Modernization Service Market Size by Country: 2020 VS 2024 VS 2031
- 6.4.2 North America IT Modernization Service Market Size by Country (2020-2025)
- 6.4.3 North America IT Modernization Service Market Share by Country (2026-2031)
- 6.4.4 United States
- 6.4.5 Canada
7 Europe
- 7.1 Europe IT Modernization Service Market Size (2020-2031)
- 7.2 Europe IT Modernization Service Market Size by Type
- 7.2.1 Europe IT Modernization Service Market Size by Type (2020-2025)
- 7.2.2 Europe IT Modernization Service Market Size by Type (2026-2031)
- 7.2.3 Europe IT Modernization Service Market Share by Type (2020-2031)
- 7.3 Europe IT Modernization Service Market Size by Application
- 7.3.1 Europe IT Modernization Service Market Size by Application (2020-2025)
- 7.3.2 Europe IT Modernization Service Market Size by Application (2026-2031)
- 7.3.3 Europe IT Modernization Service Market Share by Application (2020-2031)
- 7.4 Europe IT Modernization Service Market Size by Country
- 7.4.1 Europe IT Modernization Service Market Size by Country: 2020 VS 2024 VS 2031
- 7.4.2 Europe IT Modernization Service Market Size by Country (2020-2025)
- 7.4.3 Europe IT Modernization Service Market Size by Country (2026-2031)
- 7.4.4 Germany
- 7.4.5 France
- 7.4.6 U.K.
- 7.4.7 Italy
- 7.4.8 Russia
8 Asia-Pacific
- 8.1 Asia-Pacific IT Modernization Service Market Size (2020-2031)
- 8.2 Asia-Pacific IT Modernization Service Market Size by Type
- 8.2.1 Asia-Pacific IT Modernization Service Market Size by Type (2020-2025)
- 8.2.2 Asia-Pacific IT Modernization Service Market Size by Type (2026-2031)
- 8.2.3 Asia-Pacific IT Modernization Service Market Share by Type (2020-2031)
- 8.3 Asia-Pacific IT Modernization Service Market Size by Application
- 8.3.1 Asia-Pacific IT Modernization Service Market Size by Application (2020-2025)
- 8.3.2 Asia-Pacific IT Modernization Service Market Size by Application (2026-2031)
- 8.3.3 Asia-Pacific IT Modernization Service Market Share by Application (2020-2031)
- 8.4 Asia-Pacific IT Modernization Service Market Size by Region
- 8.4.1 Asia-Pacific IT Modernization Service Market Size by Region: 2020 VS 2024 VS 2031
- 8.4.2 Asia-Pacific IT Modernization Service Market Size by Region (2020-2025)
- 8.4.3 Asia-Pacific IT Modernization Service Market Size by Region (2026-2031)
- 8.4.4 China
- 8.4.5 Japan
- 8.4.6 South Korea
- 8.4.7 Southeast Asia
- 8.4.8 India
- 8.4.9 Australia
9 Latin America
- 9.1 Latin America IT Modernization Service Market Size (2020-2031)
- 9.2 Latin America IT Modernization Service Market Size by Type
- 9.2.1 Latin America IT Modernization Service Market Size by Type (2020-2025)
- 9.2.2 Latin America IT Modernization Service Market Size by Type (2026-2031)
- 9.2.3 Latin America IT Modernization Service Market Share by Type (2020-2031)
- 9.3 Latin America IT Modernization Service Market Size by Application
- 9.3.1 Latin America IT Modernization Service Market Size by Application (2020-2025)
- 9.3.2 Latin America IT Modernization Service Market Size by Application (2026-2031)
- 9.3.3 Latin America IT Modernization Service Market Share by Application (2020-2031)
- 9.4 Latin America IT Modernization Service Market Size by Country
- 9.4.1 Latin America IT Modernization Service Market Size by Country: 2020 VS 2024 VS 2031
- 9.4.2 Latin America IT Modernization Service Market Size by Country (2020-2025)
- 9.4.3 Latin America IT Modernization Service Market Size by Country (2026-2031)
- 9.4.4 Brazil
- 9.4.5 Mexico
10 Middle East & Africa
- 10.1 Middle East & Africa IT Modernization Service Market Size (2020-2031)
- 10.2 Middle East & Africa IT Modernization Service Market Size by Type
- 10.2.1 Middle East & Africa IT Modernization Service Market Size by Type (2020-2025)
- 10.2.2 Middle East & Africa IT Modernization Service Market Size by Type (2026-2031)
- 10.2.3 Middle East & Africa IT Modernization Service Market Share by Type (2020-2031)
- 10.3 Middle East & Africa IT Modernization Service Market Size by Application
- 10.3.1 Middle East & Africa IT Modernization Service Market Size by Application (2020-2025)
- 10.3.2 Middle East & Africa IT Modernization Service Market Size by Application (2026-2031)
- 10.3.3 Middle East & Africa IT Modernization Service Market Share by Application (2020-2031)
- 10.4 Middle East & Africa IT Modernization Service Market Size by Country
- 10.4.1 Middle East & Africa IT Modernization Service Market Size by Country: 2020 VS 2024 VS 2031
- 10.4.2 Middle East & Africa IT Modernization Service Market Size by Country (2020-2025)
- 10.4.3 Middle East & Africa IT Modernization Service Market Size by Country (2026-2031)
- 10.4.4 Middle East
- 10.4.5 Africa
11 Key Players Profiles
- 11.1 IBM
- 11.1.1 IBM Company Details
- 11.1.2 IBM Business Overview
- 11.1.3 The IBM IT Modernization Service Introduction
- 11.1.4 IBM Revenue in IT Modernization Service Business (2020-2025)
- 11.1.5 IBM Recent Development
- 11.2 HPE
- 11.2.1 HPE Company Details
- 11.2.2 HPE Business Overview
- 11.2.3 HPE IT Modernization Service Introduction
- 11.2.4 HPE Revenue in IT Modernization Service Business (2020-2025)
- 11.2.5 HPE Recent Development
- 11.3 Leidos
- 11.3.1 Leidos Company Details
- 11.3.2 Leidos Business Overview
- 11.3.3 theLeidos IT Modernization Service Introduction
- 11.3.4 Leidos Revenue in IT Modernization Service Business (2020-2025)
- 11.3.5 Leidos Recent Development
- 11.4 Fujitsu
- 11.4.1 Fujitsu Company Details
- 11.4.2 Fujitsu Business Overview
- 11.4.3 Fujitsu IT Modernization Service Introduction
- 11.4.4 Fujitsu Revenue in IT Modernization Service Business (2020-2025)
- 11.4.5 Fujitsu Recent Development
- 11.5 Deloitte
- 11.5.1 Deloitte Company Details
- 11.5.2 Deloitte Business Overview
- 11.5.3 Deloitte IT Modernization Service Introduction
- 11.5.4 Deloitte Revenue in IT Modernization Service Business (2020-2025)
- 11.5.5 Deloitte Recent Development
- 11.6 AWS
- 11.6.1 AWS Company Details
- 11.6.2 AWS Business Overview
- 11.6.3 AWS IT Modernization Service Introduction
- 11.6.4 AWS Revenue in IT Modernization Service Business (2020-2025)
- 11.6.5 AWS Recent Development
- 11.7 CGI
- 11.7.1 CGI Company Details
- 11.7.2 CGI Business Overview
- 11.7.3 CGI IT Modernization Service Introduction
- 11.7.4 CGI Revenue in IT Modernization Service Business (2020-2025)
- 11.7.5 CGI Recent Development
- 11.8 Accenture
- 11.8.1 Accenture Company Details
- 11.8.2 Accenture Business Overview
- 11.8.3 Accenture IT Modernization Service Introduction
- 11.8.4 Accenture Revenue in IT Modernization Service Business (2020-2025)
- 11.8.5 Accenture Recent Development
- 11.9 Cognizant
- 11.9.1 Cognizant Company Details
- 11.9.2 Cognizant Business Overview
- 11.9.3 Cognizant IT Modernization Service Introduction
- 11.9.4 Cognizant Revenue in IT Modernization Service Business (2020-2025)
- 11.9.5 Cognizant Recent Development
- 11.10 NTT DATA
- 11.10.1 NTT DATA Company Details
- 11.10.2 NTT DATA Business Overview
- 11.10.3 NTT DATA IT Modernization Service Introduction
- 11.10.4 NTT DATA Revenue in IT Modernization Service Business (2020-2025)
- 11.10.5 NTT DATA Recent Development
- 11.11 Infosys
- 11.11.1 Infosys Company Details
- 11.11.2 Infosys Business Overview
- 11.11.3 Infosys IT Modernization Service Introduction
- 11.11.4 Infosys Revenue in IT Modernization Service Business (2020-2025)
- 11.11.5 Infosys Recent Development
- 11.12 DXC Technology
- 11.12.1 DXC Technology Company Details
- 11.12.2 DXC Technology Business Overview
- 11.12.3 DXC Technology IT Modernization Service Introduction
- 11.12.4 DXC Technology Revenue in IT Modernization Service Business (2020-2025)
- 11.12.5 DXC Technology Recent Development
- 11.13 Atos
- 11.13.1 Atos Company Details
- 11.13.2 Atos Business Overview
- 11.13.3 Atos IT Modernization Service Introduction
- 11.13.4 Atos Revenue in IT Modernization Service Business (2020-2025)
- 11.13.5 Atos Recent Development
- 11.14 PwC
- 11.14.1 PwC Company Details
- 11.14.2 PwC Business Overview
- 11.14.3 PwC IT Modernization Service Introduction
- 11.14.4 PwC Revenue in IT Modernization Service Business (2020-2025)
- 11.14.5 PwC Recent Development
- 11.15 TCS
- 11.15.1 TCS Company Details
- 11.15.2 TCS Business Overview
- 11.15.3 TCS IT Modernization Service Introduction
- 11.15.4 TCS Revenue in IT Modernization Service Business (2020-2025)
- 11.15.5 TCS Recent Development
- 11.16 HCL Technologies
- 11.16.1 HCL Technologies Company Details
- 11.16.2 HCL Technologies Business Overview
- 11.16.3 HCL Technologies IT Modernization Service Introduction
- 11.16.4 HCL Technologies Revenue in IT Modernization Service Business (2020-2025)
- 11.16.5 HCL Technologies Recent Development
- 11.17 Maximus
- 11.17.1 Maximus Company Details
- 11.17.2 Maximus Business Overview
- 11.17.3 Maximus IT Modernization Service Introduction
- 11.17.4 Maximus Revenue in IT Modernization Service Business (2020-2025)
- 11.17.5 Maximus Recent Development
- 11.18 Capgemini
- 11.18.1 Capgemini Company Details
- 11.18.2 Capgemini Business Overview
- 11.18.3 Capgemini IT Modernization Service Introduction
- 11.18.4 Capgemini Revenue in IT Modernization Service Business (2020-2025)
- 11.18.5 Capgemini Recent Development
- 11.19 RSM
- 11.19.1 RSM Company Details
- 11.19.2 RSM Business Overview
- 11.19.3 RSM IT Modernization Service Introduction
- 11.19.4 RSM Revenue in IT Modernization Service Business (2020-2025)
- 11.19.5 RSM Recent Development
- 11.20 Wipro
- 11.20.1 Wipro Company Details
- 11.20.2 Wipro Business Overview
- 11.20.3 Wipro IT Modernization Service Introduction
- 11.20.4 Wipro Revenue in IT Modernization Service Business (2020-2025)
- 11.20.5 Wipro Recent Development
- 11.21 UST
- 11.21.1 UST Company Details
- 11.21.2 UST Business Overview
- 11.21.3 UST IT Modernization Service Introduction
- 11.21.4 UST Revenue in IT Modernization Service Business (2020-2025)
- 11.21.5 UST Recent Development
- 11.22 Tech Mahindra
- 11.22.1 Tech Mahindra Company Details
- 11.22.2 Tech Mahindra Business Overview
- 11.22.3 Tech Mahindra IT Modernization Service Introduction
- 11.22.4 Tech Mahindra Revenue in IT Modernization Service Business (2020-2025)
- 11.22.5 Tech Mahindra Recent Development
- 11.23 Innova Solutions
- 11.23.1 Innova Solutions Company Details
- 11.23.2 Innova Solutions Business Overview
- 11.23.3 Innova Solutions IT Modernization Service Introduction
- 11.23.4 Innova Solutions Revenue in IT Modernization Service Business (2020-2025)
- 11.23.5 Innova Solutions Recent Development
- 11.24 EPAM
- 11.24.1 EPAM Company Details
- 11.24.2 EPAM Business Overview
- 11.24.3 EPAM IT Modernization Service Introduction
- 11.24.4 EPAM Revenue in IT Modernization Service Business (2020-2025)
- 11.24.5 EPAM Recent Development
- 11.25 Mphasis
- 11.25.1 Mphasis Company Details
- 11.25.2 Mphasis Business Overview
- 11.25.3 Mphasis IT Modernization Service Introduction
- 11.25.4 Mphasis Revenue in IT Modernization Service Business (2020-2025)
- 11.25.5 Mphasis Recent Development
- 11.26 IGT Solutions
- 11.26.1 IGT Solutions Company Details
- 11.26.2 IGT Solutions Business Overview
- 11.26.3 IGT Solutions IT Modernization Service Introduction
- 11.26.4 IGT Solutions Revenue in IT Modernization Service Business (2020-2025)
- 11.26.5 IGT Solutions Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
- 13.1 Research Methodology
- 13.1.1 Methodology/Research Approach
- 13.1.2 Data Source
- 13.2 Author Details
- 13.3 Disclaimer 213