Table of Content

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.2.1 INCLUSIONS AND EXCLUSIONS 29
1.3 MARKET SCOPE 29
1.3.1 MARKET SEGMENTATION 29
1.3.2 REGIONS COVERED 30
1.3.3 YEARS CONSIDERED 30
1.4 CURRENCY CONSIDERED 31
TABLE 1 USD EXCHANGE RATE, 2017–2021 31
1.5 STAKEHOLDERS 31
1.6 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 1 APPLICATION MODERNIZATION SERVICES MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.2 PRIMARY DATA 35
2.1.2.1 Breakdown of primaries 35
TABLE 2 PRIMARY RESPONDENTS 36
2.1.2.2 Key industry insights 36
2.2 MARKET BREAKUP AND DATA TRIANGULATION 37
FIGURE 2 DATA TRIANGULATION 37
2.3 MARKET SIZE ESTIMATION 38
FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACHES 38
2.3.1 TOP-DOWN APPROACH 38
FIGURE 4 TOP-DOWN APPROACH: REVENUE OF VENDORS OFFERING APPLICATION MODERNIZATION SERVICES SOLUTIONS AND SERVICES 39
2.3.2 BOTTOM-UP APPROACH 39
FIGURE 5 BOTTOM-UP APPROACH: REVENUE OF VENDORS ACROSS SERVICES 40
FIGURE 6 BOTTOM-UP APPROACH (SUPPLY SIDE): COLLECTIVE REVENUE OF APPLICATION MODERNIZATION SERVICES VENDORS 41
FIGURE 7 CAGR PROJECTIONS FROM SUPPLY SIDE 42
2.4 RESEARCH ASSUMPTIONS 42
TABLE 3 RESEARCH ASSUMPTIONS 42
2.5 RESEARCH LIMITATIONS 44
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3 EXECUTIVE SUMMARY 45
FIGURE 8 APPLICATION MODERNIZATION SERVICES MARKET SNAPSHOT, 2017–2027 46
FIGURE 9 TOP MARKET SEGMENTS IN TERMS OF GROWTH RATE 47
FIGURE 10 APPLICATION RE-PLATFORMING SEGMENT TO ACCOUNT FOR LARGEST MARKET BY 2027 48
FIGURE 11 PUBLIC CLOUD SEGMENT TO ACCOUNT FOR LARGER MARKET BY 2027 49
FIGURE 12 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET BY 2027 50
FIGURE 13 BFSI TO BE DOMINANT VERTICAL BY 2027 51
FIGURE 14 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN APPLICATION MODERNIZATION SERVICES MARKET 53
FIGURE 15 TECHNOLOGICAL EVOLUTION TO DRIVE GROWTH OF APPLICATION MODERNIZATION SERVICES 53
4.2 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022 VS. 2027 54
FIGURE 16 APPLICATION RE-PLATFORMING ACCOUNTED FOR LARGEST SHARE IN 2022 54
4.3 APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022 VS. 2027 54
FIGURE 17 PUBLIC CLOUD SEGMENT ACCOUNTED FOR LARGER SHARE IN 2022 54
4.4 APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022 VS. 2027 55
FIGURE 18 LARGE ENTERPRISES SEGMENT ACCOUNTED FOR LARGER SHARE IN 2022 55
4.5 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022 VS. 2027 55
FIGURE 19 BFSI SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2022 55
4.6 APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022 VS. 2027 56
FIGURE 20 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 56
5 MARKET OVERVIEW AND INDUSTRY TRENDS 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
FIGURE 21 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: APPLICATION MODERNIZATION SERVICES MARKET 57
5.2.1 DRIVERS 58
5.2.1.1 Need for improved software functionalities due to changing business landscapes 58
5.2.1.2 Demand for flexibility and scalability through cloud computing 58
5.2.1.3 Benefits of integrating modern technologies with software systems 58
5.2.1.4 Shift toward modernization by cloud-native technologies 59
5.2.1.5 Increase in automation in application updates 59
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5.2.2 RESTRAINTS 59
5.2.2.1 High costs and complexities in application modernization services 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Existence of large number of legacy applications 60
5.2.3.2 Evolution of open standards for software development 60
5.2.3.3 Proliferation of kubernetes and containerization 60
5.2.4 CHALLENGES 61
5.2.4.1 Reduction in technology spending due to COVID-19 61
5.2.4.2 Lack of IT skills among employees 61
5.2.4.3 Complexities associated with cloud-native concepts 61
5.3 CASE STUDY ANALYSIS 61
5.3.1 CASE STUDY 1: WOVENWARE DESIGNED WEB APPLICATION TO MEET NEEDS OF CLIENT 62
5.3.2 CASE STUDY 2: CLOUDHEDGE SUGGESTED MIGRATION AND DEPLOYMENT OF CONTAINERS ON IBM CLOUD PLATFORM 62
5.3.3 CASE STUDY 3: FUJITSU TO HELP CLIENT IN MIGRATING ITS BUSINESS-CRITICAL APPLICATIONS 63
5.3.4 CASE STUDY 4: TECH MAHINDRA TO INCORPORATE TOOL-BASED APPLICATION ASSESSMENT SOLUTION 63
5.3.5 CASE STUDY 5: ATOS TO HELP CLIENTS IN ACHIEVING COST-EFFECTIVE, LOW-RISK MODERNIZATION, AND MODULAR DESIGN 63
5.3.6 CASE STUDY 6: TRILIO ENABLED CSI-PIEMONTE TO OFFER NATIVE DATA PROTECTION AND MANAGEMENT SERVICES 64
5.4 ECOSYSTEM ANALYSIS 64
FIGURE 22 ECOSYSTEM ANALYSIS OF APPLICATION MODERNIZATION SERVICES MARKET 64
5.5 PRICING ANALYSIS 65
5.5.1 AVERAGE SELLING PRICE OF KEY PLAYERS, BY SOLUTION 65
TABLE 4 APPLICATION MODERNIZATION SERVICES MARKET: PRICING ANALYSIS 65
5.5.2 AVERAGE SELLING PRICE TRENDS 66
TABLE 5 APPLICATION MODERNIZATION SERVICES MARKET: AVERAGE PRICING LEVELS (USD) 66
5.6 PATENT ANALYSIS 66
FIGURE 23 NUMBER OF PATENTS PUBLISHED, 2011–2021 66
FIGURE 24 TOP 10 PATENT APPLICANTS (GLOBALLY) IN 2022 67
TABLE 6 TOP 10 PATENT OWNERS IN APPLICATION MODERNIZATION SERVICES MARKET 67
5.7 VALUE CHAIN ANALYSIS 68
FIGURE 25 APPLICATION MODERNIZATION SERVICES MARKET: VALUE CHAIN ANALYSIS 68
5.8 TECHNOLOGY ANALYSIS 69
5.8.1 ARTIFICIAL INTELLIGENCE 69
5.8.2 IT AUTOMATION 69
5.8.3 MICROSERVICES 69
5.8.4 APPLICATION PROGRAMMING INTERFACE 69
5.8.5 CLOUD SERVICES 70
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 70
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 70
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 70
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS 70
5.9.2 BUYING CRITERIA 71
FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 71
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 71
5.10 KEY CONFERENCES AND EVENTS 72
TABLE 9 APPLICATION MODERNIZATION SERVICES MARKET: DETAILED LIST OF KEY CONFERENCES AND EVENTS IN 2022 72
5.11 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS: APPLICATION MODERNIZATION SERVICES MARKET 73
TABLE 10 PORTER’S FIVE FORCES ANALYSIS: APPLICATION MODERNIZATION SERVICES MARKET 74
5.11.1 THREAT FROM NEW ENTRANTS 74
5.11.2 THREAT FROM SUBSTITUTES 74
5.11.3 BARGAINING POWER OF SUPPLIERS 74
5.11.4 BARGAINING POWER OF BUYERS 74
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 75
5.12 REGULATORY LANDSCAPE 75
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 75
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 14 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
5.12.2 REGULATORY IMPLICATIONS AND INDUSTRY STANDARDS 80
5.12.3 GENERAL DATA PROTECTION REGULATION 80
5.12.4 SEC RULE 17A-4 80
5.12.5 ISO/IEC 27001 80
5.12.6 SYSTEM AND ORGANIZATION CONTROLS 2 TYPE II COMPLIANCE 80
5.12.7 FINANCIAL INDUSTRY REGULATORY AUTHORITY 81
5.12.8 FREEDOM OF INFORMATION ACT 81
5.12.9 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT 81
5.13 TRENDS/DISRUPTIONS IMPACTING BUYERS 82
FIGURE 29 APPLICATION MODERNIZATION SERVICES MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS 82
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6 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE 83
6.1 INTRODUCTION 84
6.1.1 SERVICE TYPE: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 84
FIGURE 30 CLOUD APPLICATION MIGRATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 84
TABLE 15 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 85
TABLE 16 APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 85
6.2 APPLICATION PORTFOLIO ASSESSMENT 85
6.2.1 APPLICATION PORTFOLIO ASSESSMENT TO BRING CLEAR VISIBILITY INTO IT SYSTEMS AND APPLICATIONS 85
TABLE 17 APPLICATION PORTFOLIO ASSESSMENT: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 86
TABLE 18 APPLICATION PORTFOLIO ASSESSMENT: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 86
6.3 CLOUD APPLICATION MIGRATION 87
6.3.1 CLOUD APPLICATION MIGRATION TO ACHIEVE REHOSTING, REFACTORING, REVISION, REBUILDING, REPLACING, AND RETAINING OF APPLICATION 87
TABLE 19 CLOUD APPLICATION MIGRATION: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 87
TABLE 20 CLOUD APPLICATION MIGRATION: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 88
6.4 APPLICATION RE-PLATFORMING 88
6.4.1 APPLICATION RE-PLATFORMING TO KEEP UP WITH RAPID TECHNOLOGY EVOLUTION AND DEMAND OF CURRENT MARKETS 88
TABLE 21 APPLICATION RE-PLATFORMING: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 89
TABLE 22 APPLICATION RE-PLATFORMING: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 89
6.5 APPLICATION INTEGRATION 89
6.5.1 APPLICATION INTEGRATION TO ENSURE SMOOTH FUNCTIONING OF ENTERPRISE SYSTEMS AND APPLICATIONS 89
TABLE 23 APPLICATION INTEGRATION: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 90
TABLE 24 APPLICATION INTEGRATION: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 90
6.6 UI MODERNIZATION 90
6.6.1 UI MODERNIZATION SERVICES TO ENHANCE END USERS’ EFFICIENCY 90
TABLE 25 UI MODERNIZATION: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 91
TABLE 26 UI MODERNIZATION: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 91
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6.7 POST MODERNIZATION 92
6.7.1 RISING NEED TO BRIDGE GAP BETWEEN EXISTING ON-PREMISES SYSTEMS AND CLOUD-BASED ENTERPRISE APPLICATIONS 92
TABLE 27 POST MODERNIZATION: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 92
TABLE 28 POST MODERNIZATION: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 92
7 APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE 93
7.1 INTRODUCTION 94
7.1.1 CLOUD DEPLOYMENT MODE: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 94
FIGURE 31 PRIVATE CLOUD SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 94
TABLE 29 APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 95
TABLE 30 APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 95
7.2 PUBLIC CLOUD 95
7.2.1 PUBLIC CLOUD APPLICATION MODERNIZATION EXPERTS TO ARCHITECT AND LAUNCH POWERFUL APPS 95
TABLE 31 PUBLIC CLOUD: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 96
TABLE 32 PUBLIC CLOUD: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 96
7.3 PRIVATE CLOUD 96
7.3.1 NEED TO SECURE CUSTOMER DATA FROM MALWARE DRIVING DEMAND FOR PRIVATE CLOUD 96
TABLE 33 PRIVATE CLOUD: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 97
TABLE 34 PRIVATE CLOUD: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 97
8 APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE 98
8.1 INTRODUCTION 99
8.1.1 ORGANIZATION SIZE: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 99
FIGURE 32 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO WITNESS HIGHER CAGR DURING FORECAST PERIOD 99
TABLE 35 APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 99
TABLE 36 APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 100
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8.2 SMALL AND MEDIUM-SIZED ENTERPRISES 100
8.2.1 INCREASING IT SPENDING TO MANAGE BUSINESS OPERATIONS 100
TABLE 37 SMALL AND MEDIUM-SIZED ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 100
TABLE 38 SMALL AND MEDIUM-SIZED ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 101
8.3 LARGE ENTERPRISES 101
8.3.1 FUNCTIONAL PRODUCTIVITY GAINS TO GENERATE DEMAND FOR APPLICATION MODERNIZATION SERVICES 101
TABLE 39 LARGE ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 101
TABLE 40 LARGE ENTERPRISES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 102
9 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL 103
9.1 INTRODUCTION 104
9.1.1 VERTICAL: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 104
FIGURE 33 BFSI VERTICAL TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 105
TABLE 41 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 105
TABLE 42 APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 106
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE 106
9.2.1 RISING NEED FOR DIGITAL TRANSFORMATION AND IMPROVED CUSTOMER EXPERIENCE 106
TABLE 43 BFSI: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 107
TABLE 44 BFSI: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 107
9.3 HEALTHCARE AND LIFE SCIENCES 107
9.3.1 GROWTH IN DEMAND FOR TOOLS TO SUPPORT USER SECURITY 107
TABLE 45 HEALTHCARE AND LIFE SCIENCES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 108
TABLE 46 HEALTHCARE AND LIFE SCIENCES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 108
9.4 TELECOMMUNICATIONS 109
9.4.1 PROVIDING FLEXIBLE AND SCALABLE NETWORKS FOR CORE BUSINESS TASKS 109
TABLE 47 TELECOMMUNICATIONS: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 109
TABLE 48 TELECOMMUNICATIONS: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 110
9.5 IT AND ITES 110
9.5.1 IT AND ITES COMPANIES TO INVEST IN NEW TECHNOLOGIES TO GAIN EFFICIENCY AND INNOVATION 110
TABLE 49 IT AND ITES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 111
TABLE 50 IT AND ITES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 111
9.6 RETAIL AND CONSUMER GOODS 111
9.6.1 RETAILERS MOVE TO CLOUD TO CREATE CUSTOMER EXPERIENCES 111
TABLE 51 RETAIL AND CONSUMER GOODS: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 112
TABLE 52 RETAIL AND CONSUMER GOODS: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 112
9.7 GOVERNMENT AND PUBLIC SECTOR 113
9.7.1 RISING DEMAND FOR TRANSFORMATION OF GOVERNMENT INFRASTRUCTURE 113
TABLE 53 GOVERNMENT AND PUBLIC SECTOR: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 113
TABLE 54 GOVERNMENT AND PUBLIC SECTOR: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 113
9.8 ENERGY AND UTILITIES 114
9.8.1 ENERGY AND UTILITY INDUSTRY TO MIGRATE MAINFRAME AND LEGACY APPLICATIONS TO DISTRIBUTED AND CLOUD ENVIRONMENTS 114
TABLE 55 ENERGY AND UTILITIES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 114
TABLE 56 ENERGY AND UTILITIES: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 115
9.9 MANUFACTURING 115
9.9.1 ACCESSING MANUFACTURING DATA VIA CLOUD TO BE BETTER SOLUTION THAN INTERNAL IT INFRASTRUCTURE 115
TABLE 57 MANUFACTURING: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 116
TABLE 58 MANUFACTURING: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 116
9.10 OTHER VERTICALS 116
TABLE 59 OTHER VERTICALS: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 117
TABLE 60 OTHER VERTICALS: APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 117
10 APPLICATION MODERNIZATION SERVICES MARKET, BY REGION 118
10.1 INTRODUCTION 119
FIGURE 34 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 119
TABLE 61 APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2017–2021 (USD MILLION) 119
TABLE 62 APPLICATION MODERNIZATION SERVICES MARKET, BY REGION, 2022–2027 (USD MILLION) 120
10.2 NORTH AMERICA 120
10.2.1 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 120
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10.2.2 NORTH AMERICA: RECESSION IMPACT 121
FIGURE 35 NORTH AMERICA: MARKET SNAPSHOT 121
TABLE 63 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 122
TABLE 64 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 122
TABLE 65 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 122
TABLE 66 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 123
TABLE 67 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 123
TABLE 68 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 123
TABLE 69 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 124
TABLE 70 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 124
TABLE 71 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 125
TABLE 72 NORTH AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 125
10.2.3 US 125
10.2.3.1 Advanced IT infrastructure and availability of technical expertise 125
TABLE 73 US: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 126
TABLE 74 US: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 126
TABLE 75 US: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 126
TABLE 76 US: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 127
TABLE 77 US: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 127
TABLE 78 US: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 127
TABLE 79 US: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 128
TABLE 80 US: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 128
10.2.4 CANADA 129
10.2.4.1 Advent of digital economy to create stable economy 129
TABLE 81 CANADA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 129
TABLE 82 CANADA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 129
TABLE 83 CANADA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 130
TABLE 84 CANADA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 130
TABLE 85 CANADA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 130
TABLE 86 CANADA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 130
TABLE 87 CANADA: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 131
TABLE 88 CANADA: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 131
10.3 EUROPE 132
10.3.1 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 132
10.3.2 EUROPE: RECESSION IMPACT 132
TABLE 89 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 133
TABLE 90 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 133
TABLE 91 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 134
TABLE 92 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 134
TABLE 93 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 134
TABLE 94 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 134
TABLE 95 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 135
TABLE 96 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 135
TABLE 97 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 136
TABLE 98 EUROPE: APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 136
10.3.3 UK 136
10.3.3.1 Growth of third-party service providers 136
TABLE 99 UK: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 137
TABLE 100 UK: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 137
TABLE 101 UK: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 137
TABLE 102 UK: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 138
TABLE 103 UK: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 138
TABLE 104 UK: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 138
TABLE 105 UK: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 139
TABLE 106 UK: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 139
10.3.4 GERMANY 140
10.3.4.1 Rapid digitization across industries to drive growth 140
TABLE 107 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 140
TABLE 108 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 140
TABLE 109 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 141
TABLE 110 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 141
TABLE 111 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 141
TABLE 112 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 141
TABLE 113 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 142
TABLE 114 GERMANY: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 142
10.3.5 FRANCE 143
10.3.5.1 Adoption of cloud services and ongoing smart city projects to boost demand for application modernization services 143
TABLE 115 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 143
TABLE 116 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 143
TABLE 117 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 144
TABLE 118 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 144
TABLE 119 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 144
TABLE 120 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 144
TABLE 121 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 145
TABLE 122 FRANCE: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 145
10.3.6 REST OF EUROPE 145
10.4 ASIA PACIFIC 146
10.4.1 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 146
10.4.2 ASIA PACIFIC: RECESSION IMPACT 146
FIGURE 36 ASIA PACIFIC: MARKET SNAPSHOT 147
TABLE 123 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 147
TABLE 124 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 148
TABLE 125 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 148
TABLE 126 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 148
TABLE 127 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 149
TABLE 128 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 149
TABLE 129 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 149
TABLE 130 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 150
TABLE 131 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 150
TABLE 132 ASIA PACIFIC: APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 151
10.4.3 CHINA 151
10.4.3.1 Enterprises to modernize applications to stay competitive and sustain growth 151
TABLE 133 CHINA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 151
TABLE 134 CHINA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 152
TABLE 135 CHINA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 152
TABLE 136 CHINA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 152
TABLE 137 CHINA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 153
TABLE 138 CHINA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 153
TABLE 139 CHINA: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 153
TABLE 140 CHINA: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 154
10.4.4 JAPAN 154
10.4.4.1 Highly developed communication infrastructure to drive demand for application modernization services 154
TABLE 141 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 155
TABLE 142 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 155
TABLE 143 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 155
TABLE 144 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 156
TABLE 145 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 156
TABLE 146 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 156
TABLE 147 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 157
TABLE 148 JAPAN: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 157
10.4.5 AUSTRALIA 158
10.4.5.1 Increasing demand by SMEs to adopt legacy applications and deliver high-quality education. 158
TABLE 149 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 158
TABLE 150 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 158
TABLE 151 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 159
TABLE 152 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 159
TABLE 153 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 159
TABLE 154 AUSTRALIA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 159
10.4.6 INDIA 160
10.4.6.1 Government initiatives and rapid development of digital infrastructure to increase adoption of application modernization services 160
TABLE 155 INDIA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 160
TABLE 156 INDIA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022&ndas



10.6 LATIN AMERICA 171
10.6.1 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET DRIVERS 171
10.6.2 LATIN AMERICA: RECESSION IMPACT 172
TABLE 183 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 172
TABLE 184 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 173
TABLE 185 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 173
TABLE 186 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 173
TABLE 187 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 174
TABLE 188 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 174
TABLE 189 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 174
TABLE 190 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 175
TABLE 191 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 175
TABLE 192 LATIN AMERICA: APPLICATION MODERNIZATION SERVICES MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 175
10.6.3 BRAZIL 176
10.6.3.1 Investments by government to boost mobile technologies offering enhanced services 176
TABLE 193 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 176
TABLE 194 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 177
TABLE 195 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 177
TABLE 196 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 177
TABLE 197 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 178
TABLE 198 BRAZIL: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 178
10.6.4 MEXICO 178
10.6.4.1 Digital innovation, data-driven business models, and modern cloud-centric infrastructure to accelerate market growth 178
TABLE 199 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION) 179
TABLE 200 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION) 179
TABLE 201 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 179
TABLE 202 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 180
TABLE 203 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2017–2021 (USD MILLION) 180
TABLE 204 MEXICO: APPLICATION MODERNIZATION SERVICES MARKET, BY CLOUD DEPLOYMENT MODE, 2022–2027 (USD MILLION) 180
10.6.5 REST OF LATIN AMERICA 180
11 COMPETITIVE LANDSCAPE 181
11.1 INTRODUCTION 181
11.2 STRATEGIES ADOPTED BY KEY PLAYERS 182
11.3 MARKET SHARE ANALYSIS 183
TABLE 205 MARKET SHARE OF KEY VENDORS IN, 2022 183
FIGURE 37 APPLICATION MODERNIZATION SERVICES MARKET: MARKET SHARE ANALYSIS 184
11.4 HISTORICAL REVENUE ANALYSIS OF TOP VENDORS 184
FIGURE 38 HISTORICAL REVENUE ANALYSIS, 2017–2021 (USD MILLION) 185
11.5 KEY COMPANY EVALUATION QUADRANT 185
FIGURE 39 COMPANY EVALUATION MATRIX FOR KEY PLAYERS: CRITERIA WEIGHTAGE 186
11.5.1 STARS 186
11.5.2 EMERGING LEADERS 186
11.5.3 PERVASIVE PLAYERS 186
11.5.4 PARTICIPANTS 187
FIGURE 40 COMPANY EVALUATION QUADRANT FOR KEY PLAYERS 187
TABLE 206 OVERALL COMPANY FOOTPRINT FOR KEY PLAYERS 188
11.6 EVALUATION QUADRANT FOR STARTUPS/SMES, 2022 188
FIGURE 41 EVALUATION MATRIX FOR STARTUPS/SMES: CRITERIA WEIGHTAGE 189
11.6.1 RESPONSIVE COMPANIES 189
11.6.2 PROGRESSIVE COMPANIES 189
11.6.3 DYNAMIC COMPANIES 189
11.6.4 STARTING BLOCKS 190
FIGURE 42 EVALUATION QUADRANT FOR STARTUPS/SMES 190
TABLE 207 OVERALL COMPANY FOOTPRINT FOR STARTUPS/SMES 191
11.6.5 COMPETITIVE BENCHMARKING OF STARTUPS/SMES 191
TABLE 208 DETAILED LIST OF KEY STARTUPS/SMES 191
11.7 KEY MARKET DEVELOPMENTS 192
TABLE 209 APPLICATION MODERNIZATION SERVICES MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, 2019–2023 192
TABLE 210 APPLICATION MODERNIZATION SERVICES MARKET: DEALS, 2019–2023 198
?
12 COMPANY PROFILES 211
12.1 INTRODUCTION 211
12.2 MAJOR PLAYERS 211
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
12.2.1 IBM 211
TABLE 211 IBM: BUSINESS OVERVIEW 212
FIGURE 43 IBM: COMPANY SNAPSHOT 212
TABLE 212 IBM: SERVICES OFFERED 213
TABLE 213 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS 213
TABLE 214 IBM: DEALS 214
12.2.2 ACCENTURE 216
TABLE 215 ACCENTURE: BUSINESS OVERVIEW 216
FIGURE 44 ACCENTURE: COMPANY SNAPSHOT 217
TABLE 216 ACCENTURE: SERVICES OFFERED 218
TABLE 217 ACCENTURE: PRODUCT LAUNCHES AND ENHANCEMENTS 218
TABLE 218 ACCENTURE: DEALS 219
12.2.3 HCL TECHNOLOGIES 221
TABLE 219 HCL TECHNOLOGIES: BUSINESS OVERVIEW 221
FIGURE 45 HCL TECHNOLOGIES: COMPANY SNAPSHOT 222
TABLE 220 HCL TECHNOLOGIES: SERVICES OFFERED 222
TABLE 221 HCL TECHNOLOGIES: PRODUCT LAUNCHES AND ENHANCEMENTS 224
TABLE 222 HCL TECHNOLOGIES: DEALS 225
12.2.4 ATOS 228
TABLE 223 ATOS: BUSINESS OVERVIEW 228
FIGURE 46 ATOS: COMPANY SNAPSHOT 229
TABLE 224 ATOS: SERVICES OFFERED 229
TABLE 225 ATOS: PRODUCT LAUNCHES AND ENHANCEMENTS 230
TABLE 226 ATOS: DEALS 230
12.2.5 CAPGEMINI 233
TABLE 227 CAPGEMINI: BUSINESS OVERVIEW 233
FIGURE 47 CAPGEMINI: COMPANY SNAPSHOT 234
TABLE 228 CAPGEMINI: SERVICES OFFERED 234
TABLE 229 CAPGEMINI: PRODUCT LAUNCHES & ENHANCEMENT 235
TABLE 230 CAPGEMINI: DEALS 235
12.2.6 COGNIZANT 238
TABLE 231 COGNIZANT: BUSINESS OVERVIEW 238
FIGURE 48 COGNIZANT: COMPANY SNAPSHOT 239
TABLE 232 COGNIZANT: SERVICES OFFERED 239
TABLE 233 COGNIZANT: PRODUCT LAUNCHES AND ENHANCEMENTS 240
TABLE 234 COGNIZANT: DEALS 240
12.2.7 TCS 242
TABLE 235 TCS: BUSINESS OVERVIEW 242
FIGURE 49 TCS: COMPANY SNAPSHOT 243
TABLE 236 TCS: SERVICES OFFERED 243
TABLE 237 TCS: PRODUCT LAUNCHES & ENHANCEMENT 244
TABLE 238 TCS: DEALS 245
12.2.8 BELL INTEGRATOR 247
TABLE 239 BELL INTEGRATOR: BUSINESS OVERVIEW 247
TABLE 240 SERVICES OFFERED 247
TABLE 241 BELL INTEGRATOR: PRODUCT LAUNCHES AND ENHANCEMENTS 249
TABLE 242 BELL INTEGRATOR: DEALS 249
12.2.9 INNOVA SOLUTIONS 250
TABLE 243 INNOVA SOLUTIONS: BUSINESS OVERVIEW 250
TABLE 244 INNOVA SOLUTIONS: SERVICES OFFERED 251
TABLE 245 INNOVA SOLUTIONS: SERVICE LAUNCHES & BUSINESS EXPANSIONS 252
TABLE 246 INNOVA SOLUTIONS: DEALS 252
12.2.10 ORACLE 253
TABLE 247 ORACLE: BUSINESS OVERVIEW 253
FIGURE 50 ORACLE: COMPANY SNAPSHOT 254
TABLE 248 ORACLE: SERVICES OFFERED 254
TABLE 249 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS 255
TABLE 250 ORACLE: DEALS 256
12.2.11 MICROSOFT 259
TABLE 251 MICROSOFT: BUSINESS OVERVIEW 259
FIGURE 51 MICROSOFT: COMPANY SNAPSHOT 260
TABLE 252 MICROSOFT: SERVICES OFFERED 260
TABLE 253 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS 261
TABLE 254 MICROSOFT: DEALS 262
12.3 OTHER PLAYERS 264
12.3.1 EPAM SYSTEMS 264
12.3.2 ASPIRE SYSTEMS 265
12.3.3 NTT DATA 266
12.3.4 DELL TECHNOLOGIES 267
12.3.5 DXC TECHNOLOGY 268
12.3.6 INFOSYS 269
12.3.7 LTI 270
12.3.8 WIPRO 271
12.3.9 MICRO FOCUS 272
12.3.10 FUJITSU 273
12.3.11 SOFTURA 274
12.3.12 HEXAWARE TECHNOLOGIES 275
12.3.13 VIRTUSA 276
12.3.14 MONGODB 277
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12.4 STARTUPS/SMES 278
12.4.1 CLOUDHEDGE 278
12.4.2 D3V TECHNOLOGY SOLUTIONS 279
12.4.3 BAYSHORE INTELLIGENCE SOLUTIONS 279
12.4.4 OPINOV8 280
12.4.5 PRIME TSR 281
12.4.6 ONE SIX SOLUTIONS 281
12.4.7 CLEVEROAD 282
12.4.8 TECHAHEAD 283
12.4.9 GEOMOTIV 284
12.4.10 SOFT SUAVE 285
13 ADJACENT/RELATED MARKET 286
13.1 INTRODUCTION 286
13.1.1 RELATED MARKET 286
13.1.2 LIMITATIONS 286
13.2 CLOUD APPLICATIONS MARKET 286
TABLE 255 CLOUD APPLICATIONS MARKET, BY ORGANIZATION SIZE, 2018–2025 (USD MILLION) 287
TABLE 256 LARGE ENTERPRISES: CLOUD APPLICATIONS MARKET, BY REGION, 2018–2025 (USD MILLION) 287
TABLE 257 SMALL AND MEDIUM-SIZED ENTERPRISES: CLOUD APPLICATIONS MARKET, BY REGION, 2018–2025 (USD MILLION) 287
13.3 APPLICATION TRANSFORMATION MARKET 288
TABLE 258 APPLICATION TRANSFORMATION MARKET, BY VERTICAL, 2017–2024 (USD MILLION) 288
TABLE 259 RETAIL: APPLICATION TRANSFORMATION MARKET, BY REGION, 2017–2024 (USD MILLION) 289
TABLE 260 IT AND TELECOMMUNICATION: APPLICATION TRANSFORMATION MARKET, BY REGION, 2017–2024 (USD MILLION) 289
TABLE 261 HEALTHCARE: APPLICATION TRANSFORMATION MARKET, BY REGION, 2017–2024 (USD MILLION) 289
TABLE 262 BFSI: APPLICATION TRANSFORMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION) 290
TABLE 263 GOVERNMENT: APPLICATION TRANSFORMATION MARKET, BY REGION, 2017–2024 (USD MILLION) 290
TABLE 264 MANUFACTURING: APPLICATION TRANSFORMATION MARKET, BY REGION, 2017–2024 (USD MILLION) 290
13.4 CLOUD MICROSERVICES MARKET 291
TABLE 265 CLOUD MICROSERVICES MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION) 291
TABLE 266 PLATFORM: CLOUD MICROSERVICES MARKET, BY REGION, 2016–2023 (USD MILLION) 291
TABLE 267 SERVICES: CLOUD MICROSERVICES MARKET, BY REGION, 2016–2023 (USD MILLION) 292
TABLE 268 SERVICES: CLOUD MICROSERVICES MARKET, BY TYPE, 2016–2023 (USD MILLION) 292
TABLE 269 CONSULTING SERVICES MARKET, BY REGION, 2016–2023 (USD MILLION) 292
TABLE 270 INTEGRATION SERVICES MARKET, BY REGION, 2016–2023 (USD MILLION) 293
TABLE 271 TRAINING, SUPPORT, AND MAINTENANCE SERVICES MARKET, BY REGION, 2016–2023 (USD MILLION) 293
14 APPENDIX 294
14.1 DISCUSSION GUIDE 294
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 298
14.3 CUSTOMIZATION OPTIONS 300
14.4 RELATED REPORTS 300
14.5 AUTHOR DETAILS 301