Application modernization is the refactoring, re-purposing or consolidation of legacy software programming to align it more closely with current business needs.

The goal of an application modernization project is to create new business value from existing applications. An application is a program designed to perform a specific function directly for the user or, in some cases, for another application program. Keeping legacy applications running smoothly can be a time-consuming, resource-intensive process, especially when the software becomes so outdated that it becomes incompatible with newer versions of the underlying operating system (OS) or system hardware.
Application Modernization Tools is mainly divided into three subdivisions: Emulation, Translation and Business rules extraction. And Emulation was the most widely used area which took up about 45.43% of the global total in 2017. However, in the further, Business rules extraction is growing fast and will occupy more share. By language, Application Modernization Services market can be divided into Cobol, ADA, PL/1, RPG, Assembler and PowerBuilder, Cobol is the largest subdivision with the market share of 63.32% in 2017.
Market Analysis and Insights: Global Application Modernization Services Market
In 2019, the global Application Modernization Services market size was US$ 13920 million and it is expected to reach US$ 37660 million by the end of 2026, with a CAGR of 15.1% during 2021-2026.
Global Application Modernization Services Scope and Market Size
Application Modernization Services market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Application Modernization Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.
Segment by Type, the Application Modernization Services market is segmented into Cobol, ADA, PL/1, RPG, Assembler, PowerBuilder, Others, etc.
Segment by Application, the Application Modernization Services market is segmented into Emulation, Translation, Business Rules Extraction, etc.
Regional and Country-level Analysis
The Application Modernization Services market is analysed and market size information is provided by regions (countries).
The key regions covered in the Application Modernization Services market report are North America, Europe, China, Japan, Southeast Asia, India and Central & South America, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by Type, and by Application segment in terms of revenue for the period 2015-2026.

Competitive Landscape

and Application Modernization Services Market Share Analysis
Application Modernization Services market competitive landscape provides details and data information by vendors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by player for the period 2015-2020. Details included are company description, major business, company total revenue and the revenue generated in Application Modernization Services business, the date to enter into the Application Modernization Services market, Application Modernization Services product introduction, recent developments, etc.
The major vendors include Accenture, Atos, Bell Integrator, Capgemini, Cognizant, Fujitsu, HCL, IBM, Macrosoft Inc., Tech Mahindra, TCS, Wipro, Infosys, DXC, Blu Age, TSRI, Modern Systems, Trinity Millennium, Micro Focus, Software Mining, Semantic Designs, Evolveware, Mapador, Fresche Solutions Inc., Asysco, Expersolve, Metaware, MOST Technologies, Freesoft, Language Portability Solutions, etc.

This report focuses on the global Application Modernization Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Application Modernization Services development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

The key players covered in this study

Accenture
Atos
Bell Integrator
Capgemini
Cognizant
Fujitsu
HCL
IBM
Macrosoft Inc.
Tech Mahindra
TCS
Wipro
Infosys
DXC
Blu Age
TSRI
Modern Systems
Trinity Millennium
Micro Focus
Software Mining
Semantic Designs
Evolveware
Mapador
Fresche Solutions Inc.
Asysco
Expersolve
Metaware
MOST Technologies
Freesoft
Language Portability Solutions

Market segment by Type, the product can be split into

Cobol
ADA
PL/1
RPG
Assembler
PowerBuilder
Others

Market segment by Application, split into

Emulation
Translation
Business Rules Extraction

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:

To analyze global Application Modernization Services status, future forecast, growth opportunity, key market and key players.
To present the Application Modernization Services development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Application Modernization Services are as follows:
History Year: 2015-2019

Base Year:

2019

Estimated Year:

2020
Forecast Year 2020 to 2026
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.