DUBLIN--(BUSINESS WIRE)--The "Application Modernization Services Market Research Report by Service, Deployment Mode, End Users, Vertical, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Application Modernization Services Market size was estimated at USD 11.89 billion in 2021, USD 13.06 billion in 2022, and is projected to grow at a CAGR 10.12% to reach USD 21.21 billion by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Application Modernization Services Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Application Modernization Services Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Application Modernization Services Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Application Modernization Services Market?
4. What is the competitive strategic window for opportunities in the Global Application Modernization Services Market?
5. What are the technology trends and regulatory frameworks in the Global Application Modernization Services Market?
6. What is the market share of the leading vendors in the Global Application Modernization Services Market?
7. What modes and strategic moves are considered suitable for entering the Global Application Modernization Services Market?
Market Dynamics
Drivers
- Large scale migration of workloads to cloud-based and Service-Oriented Structure
- Increasing demand for improved software functionalities due to changing business landscape
- Rising demand for flexibility and scalability provided by cloud computing scalability
Restraints
- High costs and complexities involved in application modernization
Opportunities
- Emergence of technologically advanced services in the application modernization services
- Existence of a large number of legacy applications and open standards for software development
- Rising demand for the DevOps by the enterprises to reach their customer at a faster rate
Challenges
- Lack of IT skills among employees in developing economies
Companies Mentioned
- Accenture plc
- Aspire Systems Private Limited
- Atos SE
- Bell Integrator Inc.
- Blu Age Corporation
- Capgemini Services SAS
- Cognizant Technology Solutions Corporation
- Dell Technologies Inc.
- DXC Technology Company
- EPAM Systems, Inc.
- HCL Technologies Limited
- IBM Corp.
- Infosys Limited
- Innova Solutions Inc.
- Larsen & Toubro Infotech Limited
- Micro Focus International plc
- NTT DATA Corporation
- Oracle Corporation
- Tata Consultancy Services Limited
- Wipro Limited
For more information about this report visit https://www.researchandmarkets.com/r/ohr5u4
