Global Application Modernization Services MarketPosted by shankar on December 26th, 2019 Global Application Modernization Services Market is expected to reach USD 20.6 Billion by 2024 from USD 5.7 Billion in 2016 at a CAGR of 20.15%. Growing need for business agility and faster time to market, benefits of leveraging big data technologies in the connected era, cloud computing-a major component of application modernization strategy are driving the application modernization services market. Large investments made on legacy systems delaying the application modernization plans and shortage of skilled resources for legacy technologies are restraining factors of market. Open-source technology offers opportunity while application modernization-a time-intensive process, architectural and operational complexities will act a challenges for application modernization services market.Global Application Modernization Services Market Small and medium enterprises organization segment is anticipated to hold the largest market share and will continue to grow at the highest rate, owing to the high adoption of the lift-and-shift migration strategy, which enables their businesses to scale and grow faster. Advanced operational process, reducing the cost, and rolling out products in a quick time frame, further eliminating the location barriers. In addition, high penetration of advance technologies, such as cloud computing, big data and analytics, mobility, and artificial intelligence will transform the manufacturing vertical. This factor in turn has made manufacturing vertical as a fastest growing segment. Application Modernization Services Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The swift growth of the market in the Asia Pacific region is anticipated to dominate the market over the forecast period majorly due to rapid growth in the application modernization services over the forecast period this is majorly due to the rising spending in order to improve the infrastructure and swift growth in the big data and cloud computing technologies. Scope of the Report:
• Application portfolio assessment • Small & Medium Enterprises • Banking, Financial Services, and Insurance (BFSI) • North America Key Players of the Application Modernization Services Market: • Accenture This Report Is Submitted By @Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact Us: Name: Lumawant Godage Organization: MAXIMIZE MARKET RESEARCH Email: sales@maximizemarketresearch.com Contact: +91 9607365656 Like it? Share it!More by this author |