What is scope of the report?

The base year for the study has been considered 2019, historic year 2014 and 2018. Read More

What are the significant segments operating in the market?

Market is segmented on the basis. Read More

What are the vital market dynamics?

The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. Read More

What does a company profile includes?

The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering. Read More

Application Modernization Services Market by Type (COBOL, ADA, PL/1, RPG, Assembler), Application (Emulation, Translation, Business Rules Extraction), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

Publish Date: Feb, 2020
Report ID: 411543
Category: Software
Pages: 250

$4700

The global application modernization services market is expected to grow from USD 8.30 billion in 2019 to USD 25.40 billion by 2027, at a CAGR of 14.51% during the forecast period from 2020-2027. The major driver for the upsurge in demand for the application modernization services market is the adoption of cloud computing in the application modernization strategy. Also, growing need for business agility and faster time to market and benefits of leveraging big data technologies in the connected era are driving the application modernization services market.

The adoption of open-source technology offers opportunities while application modernization-a time-intensive process, architectural and operational complexities will act a challenge for the application modernization services market. However, the increasing shortage of skilled resources for legacy technologies could hamper market growth over the forecast period.

The market has been segmented on the basis of type, application, and region. The type segment includes COBOL, ADA, PL/1, RPG, and assembler. COBOL segment held the largest market share of 63.55% and valued at USD 5.23 billion in 2019. COBOL stands for Common Business Oriented Language. It uses English words and phrases to make it easier for ordinary business users to understand. This language helps to increase application functionality, programmer productivity and reducing development/maintenance costs.

The application segment includes emulation, translation, and business rules extraction. The emulation segment held the largest market share of 43.88% in 2019. Emulation is the process of imitating a hardware/software program/platform on another program or platform. It helps to imitate the behavior of another program or device. The market has been divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America held the largest market share of 33.19% in 2019, due to the presence of a large number of application service providers, early start of the application modernization projects, and high adoption rate of emerging technologies, such as big data and cloud computing. North America constitutes developed economies, such as the US and Canada, which are significantly advanced in terms of technology and application deployments.

Key players in the application modernization services market are Accenture plc, Atos SE, Bell Integrator, Capgemini SE, Cognizant Technology Solutions Corp., Fujitsu Limited, HCL Technologies Limited, IBM, MacroSoft Inc, Tech Mahindra, Tata Consultancy Services, Infosys Limited, and Netfective Technology SA (known as Blu Age) among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions and venture capital investments to obtain high growth in the market. In January 2017, Atos SE announced that it has acquired the Maven Wave, a Google Cloud premier partner, to expand Atos’ competency around delivering cloud-native, serverless applications managed in Kubernetes environments hosted in GCP.

This study forecasts revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented on the basis of below-mentioned segments:

Global Application Modernization Services Market Analysis And Forecast, By Type
- COBOL
- ADA
- PL/1
- RPG
- Assembler
Global Application Modernization Services Market Analysis And Forecast, By Application
- Emulation
- Translation
- Business Rules Extraction
Global Application Modernization Services Market Analysis And Forecast, By Regional Analysis
- North America
  - The U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - France
  - Sweden
  - Netherland
  - The U.K.
  - Italy
  - Spain
  - Turkey
  - Switzerland
  - Belgium
  - Rest Of Europe
- Asia-Pacific
  - Japan
  - China
  - India
  - South Korea
  - Australia
  - Singapore
  - Malaysia
  - Thailand
  - Indonesia
  - Philippines
  - Rest Of APAC
- South America
  - Brazil
  - Argentina
  - Peru
  - Colombia
  - Rest Of South America
- The Middle East And Africa
  - UAE
  - Saudi Arabia
  - Egypt
  - Nigeria
  - South Africa
  - Rest Of MEA

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Chapter 1 Introduction 20
    1.1 Research Methodology 20
    1.2 FMR Desk Research 21
          1.2.1 FMR Data Synthesis 22
          1.2.2 Data Validation and Market Feedback 23
          1.2.3 FMR Data Sources 23

Chapter 2 Global Application Modernization Services Market Overview 25
    2.1 Application Modernization Services Market Overview 25
          2.1.1 Application Modernization Services Product Scope 25
          2.1.2 Market Status and Outlook 29
    2.2 Global Application Modernization Services Market Size and Analysis by Regions (2013-2018) 30
          2.2.1 North America Application Modernization Services Market Status and Outlook 32
          2.2.2 Europe Application Modernization Services Market Status and Outlook 33
          2.2.3 Asia-Pacific Application Modernization Services Market Status and Outlook 34
          2.2.4 South America Application Modernization Services Market Status and Outlook 35
          2.2.5 Middle East & Africa Application Modernization Services Market Status and Outlook 36
    2.3 Classification of Application Modernization Services by Product 37
          2.3.1 Global Application Modernization Services Revenue (Million USD) and Growth (%) Comparison by Product (2013-2027) 37
          2.3.2 Global Application Modernization Services Revenue (Million USD) Market Share (%) by Product in 2017 39
          2.3.3 COBOL 40
          2.3.4 ADA 42
          2.3.5 PL/I 44
          2.3.6 RPG 46
          2.3.7 Assembler 48
    2.4 Application Modernization Services Market by End Users/Application 49
          2.4.1 Emulation 51
          2.4.2 Translation 53
          2.4.3 Other Applications 54

Chapter 3 Global Application Modernization Services Competition Analysis by Players 56
3.1 Global Application Modernization Services Market Size (Million USD) by Players (2013-2018) 56
3.2 Competitive Status 58

Chapter 4 Company (Top Players) Profiles and Key Data 60
    4.1 Accenture plc 60
          4.1.1 Company Profile 60
          4.1.2 Business Overview 61
          4.1.3 Products, Services and Solutions 62
          4.1.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of Accenture plc 62
          4.1.5 Recent Developments 64
    4.2 Atos SE 65
          4.2.1 Company Profile 65
          4.2.2 Business Overview 65
          4.2.3 Products, Services and Solutions 66
          4.2.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of Atos SE 67
          4.2.5 Recent Developments 68
    4.3 Bell Integrator 69
          4.3.1 Company Profile 69
          4.3.2 Business Overview 70
          4.3.3 Products, Services and Solutions 70
          4.3.4 Recent Developments 70
    4.4 Capgemini SE 72
          4.4.1 Company Profile 72
          4.4.2 Business Overview 73
          4.4.3 Products, Services and Solutions 74
          4.4.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of Capgemini SE 75
          4.4.5 Recent Developments 78
    4.5 Cognizant Technology Solutions Corp. 79
          4.5.1 Company Profile 79
          4.5.2 Business Overview 80
          4.5.3 Products, Services and Solutions 81
          4.5.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of Cognizant Technology Solutions Corp. 82
          4.5.5 Recent Developments 85
    4.6 Fujitsu Limited 86
          4.6.1 Company Profile 86
          4.6.2 Business Overview 87
          4.6.3 Products, Services and Solutions 88
          4.6.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of Fujitsu Limited 89
          4.6.5 Recent Developments 92
    4.7 HCL Technologies Limited 93
          4.7.1 Company Profile 93
          4.7.2 Business Overview 94
          4.7.3 Products, Services and Solutions 95
          4.7.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of HCL Technologies Limited 96
          4.7.5 Recent Developments 99
    4.8 IBM 100
          4.8.1 Company Profile 100
          4.8.2 Business Overview 101
          4.8.3 Products, Services and Solutions 102
          4.8.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of IBM 103
          4.8.5 Recent Developments 106
    4.9 MacroSoft Inc 107
          4.9.1 Company Profile 107
          4.9.2 Business Overview 108
          4.9.3 Products, Services and Solutions 109
          4.9.4 Recent Developments 110
    4.10 Tech Mahindra 111
          4.10.1 Company Profile 111
          4.10.2 Business Overview 112
          4.10.3 Products, Services and Solutions 113
          4.10.4 Recent Developments 114
    4.11 Tata Consultancy Services 115
          4.11.1 Company Profile 115
          4.11.2 Business Overview 116
          4.11.3 Products, Services and Solutions 117
          4.11.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of Tata Consultancy Services 118
          4.11.5 Recent Developments 121
    4.12 Wipro Limited 122
          4.12.1 Company Profile 122
          4.12.2 Business Overview 123
          4.12.3 Products, Services and Solutions 124
          4.12.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of Wipro Limited 125
          4.12.5 Recent Developments 128
    4.13 Infosys Limited 129
          4.13.1 Company Profile 129
          4.13.2 Business Overview 130
          4.13.3 Products, Services and Solutions 131
          4.13.4 Application Modernization Services Industry Sales, Revenue, Price and Gross Margin of Infosys Limited 132
          4.13.5 Recent Developments 134
    4.14 DXC Technology Company 135
          4.14.1 Company Profile 135
          4.14.2 Business Overview 136
          4.14.3 Products, Services and Solutions 137
          4.14.4 Recent Developments 138
    4.15 Netfective Technology SA (known as Blu Age) 139
          4.15.1 Company Profile 139
          4.15.2 Main Business/Business Overview 140
          4.15.3 Products, Services and Solutions 141
          4.15.4 Recent Developments 142
    4.16 The Software Revolution, Inc. (TSRI) 143
          4.16.1 Company Profile 143
          4.16.2 Main Business/Business Overview 144
          4.16.3 Products, Services and Solutions 145
          4.16.4 Recent Developments 146
    4.17 Modern Systems Corporation (subsidiary of BluePhoenix Solutions Ltd.) 147
          4.17.1 Company Profile 147
          4.17.2 Main Business/Business Overview 148
          4.17.3 Products, Services and Solutions 149
          4.17.4 Recent Developments 150
    4.18 Trinity Millennium Group, Inc. 151
          4.18.1 Company Profile 151
          4.18.2 Main Business/Business Overview 152
          4.18.3 Products, Services and Solutions 153
    4.19 Micro Focus International plc 154
          4.19.1 Company Profile 154
          4.19.2 Main Business/Business Overview 155
          4.19.3 Products, Services and Solutions 156
          4.19.4 Recent Developments 157
    4.20 Semantic Designs, Incorporated 158
          4.20.1 Company Profile 158
          4.20.2 Main Business/Business Overview 159
          4.20.3 Products, Services and Solutions 160
          4.20.4 Recent Developments 161
    4.21 EvolveWare Inc. 162
          4.21.1 Company Profile 162
          4.21.2 Main Business/Business Overview 163
          4.21.3 Products, Services and Solutions 164
          4.21.4 Recent Developments 165
    4.22 Mapador Inc. 166
          4.22.1 Company Profile 166
          4.22.2 Main Business/Business Overview 167
          4.22.3 Products, Services and Solutions 168
    4.23 Fresche Solutions Inc. 169
          4.23.1 Company Profile 169
          4.23.2 Main Business/Business Overview 170
          4.23.3 Products, Services and Solutions 171
          4.23.4 Recent Developments 171
    4.24 Asysco Software BV 172
          4.24.1 Company Profile 172
          4.24.2 Main Business/Business Overview 173
          4.24.3 Products, Services and Solutions 174
          4.24.4 Recent Developments 175
    4.25 ExperSolve, Inc. 176
          4.25.1 Company Profile 176
          4.25.2 Main Business/Business Overview 177
          4.25.3 Products, Services and Solutions 178
    4.26 Metaware Technologies S.A. (subsidiary of GFI Informatique S.A.) 179
          4.26.1 Company Profile 179
          4.26.2 Main Business/Business Overview 180
          4.26.3 Products, Services and Solutions 181
    4.27 MOST Software Technologies, LTD. 182
          4.27.1 Company Profile 182
          4.27.2 Main Business/Business Overview 183
          4.27.3 Products, Services and Solutions 184
    4.28 FreeSoft 185
          4.28.1 Company Profile 185
          4.28.2 Main Business/Business Overview 186
          4.28.3 Products, Services and Solutions 187
          4.28.4 Recent Developments 188
    4.29 Language Portability Solutions 189
          4.29.1 Company Profile 189
          4.29.2 Main Business/Business Overview 190
          4.29.3 Products, Services and Solutions 191

Chapter 5 Global Application Modernization Services Market Size by Product and Application (2013-2018) 192
    5.1 Global Application Modernization Services Market Size by Product (2013-2018) 192
    5.2 Global Application Modernization Services Market Size by Application (2013-2018) 195
    5.3 Potential Application of Application Modernization Services in Future 198
    5.4 Top Consumer / End Users of Application Modernization Services 199

Chapter 6 North America Application Modernization Services Development Status and Outlook 200
    6.1 North America Application Modernization Services Market Size (2013-2018) 200
    6.2 North America Application Modernization Services Market Size and Market Share by Players (2013-2018) 201
    6.3 North America Application Modernization Services Market Size by Application (2013-2018) 203

Chapter 7 Europe Application Modernization Services Development Status and Outlook 206
    7.1 Europe Application Modernization Services Market Size (2013-2018) 206
    7.2 Europe Application Modernization Services Market Size and Market Share by Players (2013-2018) 207
    7.3 Europe Application Modernization Services Market Size by Application (2013-2018) 209

Chapter 8 Asia-Pacific Application Modernization Services Development Status and Outlook 212
    8.1 Asia-Pacific Application Modernization Services Market Size (2013-2018) 212
    8.2 Asia-Pacific Application Modernization Services Market Size and Market Share by Players (2013-2018) 213
    8.3 Asia-Pacific Application Modernization Services Market Size by Application (2013-2018) 215

Chapter 9 South America Application Modernization Services Development Status and Outlook 218
9.1 South America Application Modernization Services Market Size (2013-2018) 218
9.2 South America Application Modernization Services Market Size by Application (2013-2018) 219

Chapter 10 Middle East & Africa Application Modernization Services Development Status and Outlook 222
10.1 Middle East & Africa Application Modernization Services Market Size (2013-2018) 222
10.2 Middle East & Africa Application Modernization Services Market Size by Application (2013-2018) 223

Chapter 11 Application Modernization Services Market Dynamics 226
    11.1 Application Modernization Services Market Opportunities 226
          11.1.1 Existence Of Large Number of Legacy Applications Offering A Huge Revenue Opportunity 226
          11.1.2 Growing Adoption of Open-Source Technology 226
    11.2 Application Modernization Services Challenge and Risk 227
          11.2.1 Competition from Opponents 227
          11.2.2 Downside Risks of Economy 227
    11.3 Application Modernization Services Market Constraints and Threat 228
          11.3.1 Threat from Substitute 228
          11.3.2 Government Policy 228
          11.3.3 Technology Risks 228
    11.4 Application Modernization Services Market Driving Force 229
          11.4.1 Growing Demand from Emerging Markets 229
          11.4.2 Potential Application 229

Chapter 12 Market Forecast by Regions, Product and Application (2018-2027) 230
    12.1 Global Application Modernization Services Market Size (Million USD) by Regions (2018-2027) 231
          12.1.1 North America Application Modernization Services Revenue and Growth Rate (2018-2027) 234
          12.1.2 Europe Application Modernization Services Revenue and Growth Rate (2018-2027) 235
          12.1.3 South America Application Modernization Services Revenue and Growth Rate (2018-2027) 236
          12.1.4 Asia-Pacific Application Modernization Services Revenue and Growth Rate (2018-2027) 237
          12.1.5 Middle East & Africa Application Modernization Services Revenue and Growth Rate (2018-2027) 238
    12.2 Global Application Modernization Services Market Size by Application (2018-2027) 239
    12.3 Global Application Modernization Services Market Size by Product (2018-2027) 242

Chapter 13 Research Finding /Conclusion 245

List of Figures

FIG. 1 Application Modernization Approach 26

FIG. 2 Product Picture of Global Application Modernization Services 28

FIG. 3 Global Application Modernization Services Market Size (Million USD) Status and Outlook (2013-2027) 29

FIG. 4 Global Application Modernization Services Market Share by Regions (2013-2018) 31

FIG. 5 North America Application Modernization Services Market Size (Million USD) and Growth Rate (2013-2018) 32

FIG. 6 Europe Application Modernization Services Market Size (Million USD) and Growth Rate (2013-2018) 33

FIG. 7 Asia-Pacific Application Modernization Services Market Size (Million USD) and Growth Rate (2013-2018) 34

FIG. 8 South America Application Modernization Services Market Size (Million USD) and Growth Rate (2013-2018) 35

FIG. 9 Middle East & Africa Application Modernization Services Market Size (Million USD) and Growth Rate (2013-2018) 36

FIG. 10 Global Application Modernization Services Revenue (Million USD) Comparison by Product (2013-2027) 38

FIG. 11 Global Application Modernization Services Revenue Market Share (%) by Product in 2017 39

FIG. 12 COBOL Market Size (Million USD) and Growth Rate (2013-2018) 41

FIG. 13 ADA Market Size (Million USD) and Growth Rate (2013-2018) 43

FIG. 14 PL/I Market Size (Million USD) and Growth Rate (2013-2018) 45

FIG. 15 RPG Market Size (Million USD) and Growth Rate (2013-2018) 47

FIG. 16 Assembler Market Size (Million USD) and Growth Rate (2013-2018) 48

FIG. 17 Global Application Modernization Services Market Share by Application In 2017 50

FIG. 18 Application Modernization Services Market Size (Million USD) and Growth Rate in Emulation (2013-2018) 52

FIG. 19 Application Modernization Services Market Size (Million USD) and Growth Rate in Translation (2013-2018) 53

FIG. 20 Application Modernization Services Market Size (Million USD) and Growth Rate in Business Rules Extraction (2013-2018) 55

FIG. 21 Global Application Modernization Services Top 3 Manufacturers in 2017 58

FIG. 22 Global Application Modernization Services Top 6 Manufacturers in 2017 59

FIG. 23 Accenture Application Modernization Services Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 62

FIG. 24 Accenture Application Modernization Services Business Revenue Market Share (%) (2013-2018) 63

FIG. 25 Atos SE Application Modernization Services Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 67

FIG. 26 Atos SE Application Modernization Services Business Revenue Market Share (%) (2013-2018) 68

FIG. 27 Capgemini SE Application Modernization Services Business Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 76

FIG. 28 Capgemini SE Application Modernization Services Business Revenue Market Share (%) (2013-2018) 77

FIG. 29 Cognizant Technology Solutions Corp Application Modernization Services Business Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 83

FIG. 30 Cognizant Technology Solutions Corp Application Modernization Services Business Revenue Market Share (%) (2013-2018) 84

FIG. 31 Fujitsu Limited Application Modernization Services Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 90

FIG. 32 Fujitsu Limited Application Modernization Services Business Revenue Market Share (%) (2013-2018) 91

FIG. 33 HCL Technologies Application Modernization Services Business Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 97

FIG. 34 HCL Technologies Application Modernization Services Business Revenue Market Share (%) (2013-2018) 98

FIG. 35 IBM Technologies Application Modernization Services Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 104

FIG. 36 IBM Technologies Application Modernization Services Business Revenue Market Share (%) (2013-2018) 105

FIG. 37 Tata Consultancy Services Technologies Application Modernization Services Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 119

FIG. 38 Tata Consultancy Services Technologies Application Modernization Services Business Revenue Market Share (%) (2013-2018) 120

FIG. 39 Wipro Limited Technologies Application Modernization Services Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 126

FIG. 40 Wipro Limited Application Modernization Services Business Revenue Market Share (%) (2013-2018) 127

FIG. 41 Infosys Limited Technologies Application Modernization Services Business Revenue (USD Mn) Growth Rate (%) (2013-2018) 133

FIG. 42 Infosys Limited Application Modernization Services Business Revenue Market Share (%) (2013-2018) 134

FIG. 43 Global Application Modernization Services Revenue Market Share (%) by Product (2013-2018) 193

FIG. 44 Global Application Modernization Services Market Size Share by Product in 2017 194

FIG. 45 Global Application Modernization Services Revenue Market Share (%) by Application (2013-2018) 196

FIG. 46 Global Application Modernization Services Market Size Share by Application in 2017 197

FIG. 47 North America Application Modernization Services Market Size and Growth Rate by Regions (2013-2018) 200

FIG. 48 North America Application Modernization Services Market Size Share by Players in 2017 202

FIG. 49 North America Application Modernization Services Revenue Market Share (%) by Application (2013-2018) 204

FIG. 50 North America Application Modernization Services Market Size Share by Application in 2017 205

FIG. 51 Europe Application Modernization Services Market Size and Growth Rate by Regions (2013-2018) 206

FIG. 52 EU Application Modernization Services Market Size Share by Players in 2017 208

FIG. 53 Europe Application Modernization Services Revenue Market Share (%) by Application (2013-2018) 210

FIG. 54 Europe Application Modernization Services Market Size Share by Application in 2017 211

FIG. 55 Asia-Pacific Application Modernization Services Market Size and Growth Rate by Regions (2013-2018) 212

FIG. 56 Asia-Pacific Application Modernization Services Market Size Share by Players in 2017 214

FIG. 57 Asia-Pacific Application Modernization Services Revenue Market Share (%) by Application (2013-2018) 216

FIG. 58 Asia-Pacific Application Modernization Services Market Size Share by Application in 2017 217

FIG. 59 South America Application Modernization Services Market Size and Growth Rate by Regions(2013-2018) 218

FIG. 60 South America Application Modernization Services Revenue Market Share (%) by Application (2013-2018) 220

FIG. 61 South America Application Modernization Services Market Size Share by Application in 2017 221

FIG. 62 Middle East & Africa Application Modernization Services Market Size and Growth Rate by Regions (2013-2018) 222

FIG. 63 Middle East & Africa Application Modernization Services Revenue Market Share (%) by Application (2013-2018) 224

FIG. 64 Middle East & Africa Application Modernization Services Market Size Share by Application in 2017 225

FIG. 65 Global Application Modernization Services Market Size and Growth Rate (Value) (2018-2027) 230

FIG. 66 Global Application Modernization Services Market Size Share by Regions (2018-2027) 232

FIG. 67 Global Application Modernization Services Market Size Share by Regions in 2027 233

FIG. 68 North America Application Modernization Services Revenue (Million USD) and Growth Rate (2018-2027) 234

FIG. 69 Europe Application Modernization Services Revenue (Million USD) and Growth Rate (2018-2027) 235

FIG. 70 South America Application Modernization Services Revenue (Million USD) and Growth Rate (2018-2027) 236

FIG. 71 Asia-Pacific Application Modernization Services Revenue (Million USD) and Growth Rate (2018-2027) 237

FIG. 72 Middle East & Africa Application Modernization Services Revenue (Million USD) and Growth Rate (2018-2027) 238

FIG. 73 Global Application Modernization Services Market Size by Application (2018-2027) 240

FIG. 74 Global Application Modernization Services Market Size by Application in 2027 241

FIG. 75 Global Application Modernization Services Market Size by Product (2018-2027) 243

FIG. 76 Global Application Modernization Services Market Size by Product in 2027 244

List of Tables

TABLE 1 Global Market Application Modernization Services Revenue (Million USD) Comparison by Regions 2013-2027 30

TABLE 2 Global Market Application Modernization Services Revenue (Million USD) Comparison by Product 2013-2027 37

TABLE 3 Global Application Modernization Services Market Size (Million USD) Comparison by Application (2013-2027) 49

TABLE 4 Global Application Modernization Services Revenue (Million USD) by Players (2013-2018) 56

TABLE 5 Global Application Modernization Services Revenue Market Share (%) by Players (2013-2018) 57

TABLE 6 Company Profile of Accenture plc 60

TABLE 7 Application Modernization Services Industry Revenue and Gross Margin of Accenture plc 2013-2018 62

TABLE 8 Company Profile of Atos SE 65

TABLE 9 Application Modernization Services Industry Revenue and Gross Margin of Atos SE 2013-2018 67

TABLE 10 Company Profile of Bell Integrator 69

TABLE 11 Company Profile of Capgemini SE 72

TABLE 12 Application Modernization Services Industry Revenue and Gross Margin of Capgemini SE 2013-2018 75

TABLE 13 Company Profile of Cognizant Technology Solutions Corp. 79

TABLE 14 Application Modernization Services Industry Revenue and Gross Margin of Cognizant Technology Solutions Corp. 2013-2018 82

TABLE 15 Company Profile of Fujitsu Limited 86

TABLE 16 Application Modernization Services Industry Revenue and Gross Margin of Fujitsu Limited 2013-2018 89

TABLE 17 Company Profile of HCL Technologies Limited 93

TABLE 18 Application Modernization Services Industry Revenue and Gross Margin of HCL Technologies Limited 2013-2018 96

TABLE 19 Company Profile of IBM 100

TABLE 20 Application Modernization Services Industry Revenue and Gross Margin of IBM 2013-2018 103

TABLE 21 Company Profile of MacroSoft Inc 107

TABLE 22 Company Profile of Tech Mahindra 111

TABLE 23 Company Profile of Tata Consultancy Services 115

TABLE 24 Application Modernization Services Industry Revenue and Gross Margin of Tata Consultancy Services 2013-2018 118

TABLE 25 Company Profile of Wipro Limited 122

TABLE 26 Application Modernization Services Industry Revenue and Gross Margin of Wipro Limited 2013-2018 125

TABLE 27 Company Profile of Infosys Limited 129

TABLE 28 Application Modernization Services Industry Revenue and Gross Margin of Infosys Limited 2013-2018 132

TABLE 29 Company Profile of DXC Technology Company 135

TABLE 30 Netfective Technology SA Basic Information List 139

TABLE 31 The Software Revolution, Inc. Basic Information List 143

TABLE 32 Modern Systems Corporation Basic Information List 147

TABLE 33 Trinity Millennium Group, Inc. Basic Information List 151

TABLE 34 Micro Focus International plc Basic Information List 154

TABLE 35 Semantic Designs, Incorporated Basic Information List 158

TABLE 36 EvolveWare Inc. Basic Information List 162

TABLE 37 Mapador Inc. Basic Information List 166

TABLE 38 Fresche Solutions Inc. Basic Information List 169

TABLE 39 Asysco Software BV Basic Information List 172

TABLE 40 ExperSolve, Inc. Basic Information List 176

TABLE 41 Metaware Technologies S.A. Basic Information List 179

TABLE 42 MOST Software Technologies, LTD. Basic Information List 182

TABLE 43 FreeSoft Basic Information List 185

TABLE 44 Language Portability Solutions Basic Information List 189

TABLE 45 Global Application Modernization Services Market Size by Product (2013-2018) 192

TABLE 46 Global Application Modernization Services Market Size by Application (2013-2018) 195

TABLE 47 Top Consumer / End Users of Application Modernization Services 199

TABLE 48 North America Application Modernization Services Market Size by Players (2013-2018) 201

TABLE 49 North America Application Modernization Services Market Size by Application (2013-2018) 203

TABLE 50 Europe Application Modernization Services Market Size by Players (2013-2018) 207

TABLE 51 Europe Application Modernization Services Market Size by Application (2013-2018) 209

TABLE 52 Europe Application Modernization Services Market Size by Players (2013-2018) 213

TABLE 53 Asia-Pacific Application Modernization Services Market Size by Application (2013-2018) 215

TABLE 54 South America Application Modernization Services Market Size by Application (2013-2018) 219

TABLE 55 Middle East & Africa Application Modernization Services Market Size by Application (2013-2018) 223

TABLE 56 Global Application Modernization Services Market Size by Regions (2018-2027) 231

TABLE 57 Global Application Modernization Services Market Size by Application (2018-2027) 239

TABLE 58 Global Application Modernization Services Market Size by Product (2018-2027) 242

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

Market research helps businesses strengthen a company’s position
Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
Market research helps in identifying the potential threats and opportunities associated with the business industry
Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

Data Collection
Data Synthesis
Market Deduction & Formulation
Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends.
Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information.

We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:

Export & Import Data
Business Information related to trade and its statistics
Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.

In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
Examining demographic along with psychographic segmentation for market evaluation
Analyzing the macro and micro-economic indicators for each demography
Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology.

Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.

The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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Testimonials

Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –

Kennedy Brown
Health Technology Innovation
United States

Hi Rahul,
Thank You for the report it is good and beneficial for me.
Thank You in Advance

Mika Salomäki

Dear Siddhartha,
Thank you for your fast reply. The report arrived safe and sound, evrything looks all right.
Thank you very much for your assitance and I will be looking forward to another opportunity for cooperation.

ONDŘEJ ŠUPKA
Analytics Department
ČESKÁ ZBROJOVKA A.S.

Dear Siddhartha,
The report looks good, and we believe the material mix is more realistic now. It is good to know you report “Net” Manufacturing Selling Price, as that can make a difference in how we view the numbers. The reports were great and we appreciate your working with us.
Thanks for all your help!