Application Modernization Services Market worth $39.62 billion by 2029- Exclusive Report by MarketsandMarkets
DELRAY BEACH, Fla., Sept. 30, 2024 /PRNewswire/ -- The Application Modernization Services Market is estimated at USD 19.82 billion in 2024 to USD 39.62 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 14.8%, according to a new report by MarketsandMarkets. The Application Modernization Services Market refers to the services that are designed to transform legacy applications into newer, more agile platforms that are aligned better with the current and emerging business needs. It includes application portfolio assessment, cloud application migration, application re-platforming, UI/UX modernization, post modernization, and application integration services that are used to transform the legacy systems.
These services are of prime importance to companies that seek to be competitive, as these allow them to implement more advanced forms of digital tools and processes that drive the operational efficiency and innovation. Additionally, with cloud-native architectures and emerging technologies such as AI and ML, businesses can optimize performance and cost savings. The Application Modernization Services Market will therefore witness a significant growth as organizations increasingly want to upgrade their IT environment to be in tune with the requirements of digital transformation initiatives, respond to changing customer expectations, and provide improved security and compliance in an ever-changing technological landscape.
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Scope of the Report
Report Metrics |
Details |
Market size available for years |
2018-2029 |
Base year considered |
2023 |
Forecast period |
2024–2029 |
Forecast units |
Value (USD) Billion |
Segments Covered |