With Market Size Valued at $27.8 Billion by 2026, it`s a Healthy Outlook for the Global Application Modernization Services Market
SAN FRANCISCO, Sept. 1, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Application Modernization Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 25558
Companies: 31 - Players covered include Accenture; Asysco, Inc.; Atos SA; Bell Integrator; Capgemini SE; Cognizant Technology Solutions Corporation; Fujitsu Ltd.; HCL Technologies Ltd.; IBM Corporation; Macrosoft Inc.; Micro Focus International PLC; Oracle Corporation; Tech Mahindra Ltd.; UST Global and Others.
Coverage: All major geographies and key segments
Segments: Organization Size (Large Enterprises, SMEs); Service (Application Integration, Cloud Application Migration, Application Replatforming, Application Portfolio Assessment, Other Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
ABSTRACT-
Global Application Modernization Services Market to Reach $27.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Application Modernization Services estimated at US$9.6 Billion in the year 2020, is projected to reach a revised size of US$27.8 Billion by 2026, growing at a CAGR of 19.2% over the analysis period. Application Integration, one of the segments analyzed in the report, is projected to record a 20.2% CAGR and reach US$13.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cloud Application Migration segment is readjusted to a revised 19.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.5 Billion in 2021, While China is Forecast to Reach $4.8 Billion by 2026
The Application Modernization Services market in the U.S. is estimated at US$3.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2026 trailing a CAGR of 18.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 16.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.
Application Replatforming Segment to Reach US$4.1 Billion by the year 2026
In the global Application Replatforming segment, USA, Canada, Japan, China and Europe will drive the 18.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$3.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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