Mainframe Modernization Services Market Report 2031
The mainframe modernization services market size is expected to reach US$ 86.14 billion by 2031 from US$ 33.55 billion in 2023. The market is estimated to record a CAGR of 12.5% from 2023 to 2031. An increase in investment toward the transformation of IT infrastructure and integration with AI and machine learning is likely to remain a key market trend.
Mainframe Modernization Services Market Analysis
Key factors driving the growth of the mainframe modernization services market include the rise in the adoption of mainframe modernization services in various sectors, digital transformation across the globe, and the growing adoption of cloud computing. However, challenges faced by IT companies in mainframe modernization are the key restraints in the market. Nevertheless, the growth of the data analytics industry across the globe is expected to create opportunities for the key players operating in the mainframe modernization services market. Furthermore, an increase in investment toward the transformation of IT infrastructure to provide efficient operation and services to consumers is expected to be the key future trend in the mainframe modernization services market from 2023 to 2031.
Mainframe Modernization Services Market Overview
The technology sector saw significant changes in 2023, with AI dominating headlines throughout the year. While new and emerging technologies grabbed headlines throughout the year, one venerable technology, the mainframe, probably had its busiest year in decades. The mainframe sector, often described as stable and slow-moving, saw significant activity last year. Mainframe modernization, historically a niche market that was dominated by IBM and a few software and service providers, has long been synonymous with incremental, evolutionary progress. However, in recent years, there has been a paradigm shift. The concept of modernization has expanded as companies explore different approaches to deliver robust enterprise-level IT services, from interface and platform updates to data management and language innovation. This trend toward more comprehensive modernization strategies has recently gained momentum. Over the past year, both new and established players have consolidated their presence in this market, indicating the potential of this space for significant returns. The movement among providers represents a decisive and positive change and promotes healthy debate within the industry.
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Mainframe Modernization Services Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Mainframe Modernization Services Market: Strategic Insights
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Mainframe Modernization Services Market Drivers and Opportunities
Rise in Adoption of Mainframe Modernization Services in Various Sectors to Favor Market
The IT and telecom sector experienced significant growth with the integration of emerging technologies such as the Internet of Things (IoT), automation, machine learning, and artificial intelligence (AI). Technologically advanced companies are prioritizing mainframe modernization services for the efficient operation of the systems. The mainframe modernization services help in migrating the mainframe applications to the cloud applications using API, microservices, and DevOps. Mainframe systems combine high-performance hardware, software tools, and large individual programmed applications that need modernization services for efficient operation.
The rising adoption of advanced technologies in banks, hospitals, government agencies, transportation, defense, and others is expected to accelerate the demand for IT infrastructure transformation and mainframe modernization services. For example, according to the Kyndryl survey conducted in September 2024, among 500 business and IT leaders, 86% of the respondents were engaged in adopting AI to accelerate the mainframe modernization adoption initiatives. According to a survey of 1,000 IT decision makers (ITDMs), backend developers, and software architects in the US, the UK, and other English-speaking countries in Asia Pacific region (APAC) by Red Hat, 95% of respondents believe that application modernization is essential for their organization’s success. 75% of companies have already completed at least small-scale modernization projects, and 18% have progressed all the way to continuous modernization. Moreover, 92% of enterprises were actively working on at least one app modernization project. Thus, organizations were increasingly turning to mainframe modernization services, thereby propelling the market growth.
Growing Adoption of Data Analytics
Government agencies use the mainframe systems for activities such as data processing and resource planning. It enables governments to implement best-in-class IT processes and smarter decision-making. In addition, digital transformation places significant demands on existing applications and data, requiring mainframe modernization and integration into an organization's heterogeneous technology landscape, including cloud and mainframe. Data analytics has become a powerful tool for businesses to benefit from valuable insights and make informed decisions due to the massive amount of data generated.
Data analytics is experiencing a revolution in tools, technologies, applications, and adoption. The industry is evolving rapidly, and companies are largely investing in turning data and analytics into competitive advantage. Modernized mainframes also allow for a smoother and faster data flow within various systems, enabling advanced data analytics. Moreover, modernization supports secure data transfer between institutions, aligning with emerging regulatory requirements and open finance. According to most big data experts, the amount of data generated is expected to increase dramatically during the forecast period. For instance, the report from Seagate's Data Age 2025 estimates that the amount of data generated worldwide is expected to reach 175 zettabytes by 2025. The massive increase in the number of people working from home or remote locations, studying, and spending time on the internet is driving data expansion. Such a surge in data generation and growth in data analytics are expected to create opportunities for mainframe modernization services during the forecast period.
Mainframe Modernization Services Market Report Segmentation Analysis
Key segments that contributed to the derivation of the mainframe modernization services market analysis are services, enterprise size, and end-use industry.
- Based on services, the mainframe modernization services market is segmented into application modernization, cloud migration, and data modernization. The application modernization segment dominated the market in 2023.
- By enterprise size, the market is bifurcated into SMEs and large enterprises. The large enterprises segment dominated the market in 2023.
- In terms of end-use industry, the market is segmented into IT and telecom, BFSI, retail, healthcare, government, media and entertainment, manufacturing, education, and others. The IT and telecom segment held the largest market share in 2023.
Mainframe Modernization Services Market Share Analysis by Geography
- The mainframe modernization services market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the market in 2023, followed by Europe and APAC.
- North America is witnessing tremendous growth in the market, owing to the presence of various market players who are continuously working on the advancement of mainframe modernization services. In January 2024, Hitachi Vantara, along with Cisco, introduced an innovative suite of hybrid cloud services specifically designed to address ongoing data management challenges faced by various enterprises. This new Hitachi EverFlex with Cisco Powered Hybrid Cloud integrates automation solutions and predictive analytics to provide organizations with advanced infrastructure management, operational effectiveness, and cost efficiency. Thus, such product innovations by the market players in the region are fueling the growth of the mainframe modernization services market in the region.
Mainframe Modernization Services Market Report Scope
Mainframe Modernization Services Market News and Recent Developments
The mainframe modernization services market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the mainframe modernization services market are listed below:
- Accenture Federal Services had been awarded the US Army’s Enterprise Application Modernization and Migration (EAMM) contract with a potential value of US$ 127 million. Accenture Federal Services will use its cloud migration and modernization approach to perform large-scale application assessments, migrations, and modernizations to the cloud.
(Source: Accenture, Press Release, May 2024)
- Fujitsu announced the Japan market launch of its successful modernization automation service “Fujitsu PROGRESSION,” building on a proven track of over 50 global use cases in which it migrated legacy systems to the Fujitsu mainframe "GS21 Series." “Fujitsu PROGRESSION” is a service that automatically converts script written in COBOL into Java or C# while preserving the functionality of applications built on mainframes. It delivers modernization services for end-to-end support, from drafting migration plans based on customer systems audits to asset migration through to testing and operation.
(Source: Fujitsu, Press Release, May 2024)
Mainframe Modernization Services Market Report Coverage and Deliverables
The "Mainframe Modernization Services Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Mainframe modernization services market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Mainframe modernization services market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Mainframe modernization services market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the mainframe modernization services market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The incremental growth expected to be recorded for the global mainframe modernization services market during the forecast period is US$ 52.5 billion.
The global mainframe modernization services market is expected to reach US$ 86.1 billion by 2031.
The key players holding majority shares in the global mainframe modernization services market are Microsoft Corp, Accenture Plc, Oracle, Capgemini SE, and Kyndryl Holdings Inc.
Increase in investment towards the transformation of IT infrastructure and integration with AI and ML which is anticipated to play a significant role in the global playout automation and channel-in-a-box in the coming years.
The rise in adoption of mainframe modernization services in various sectors, digital transformation across the globe, growing adoption of cloud computing are the major factors that propel the global mainframe modernization services market.
The global mainframe modernization services market was estimated to be US$ 33.5 billion in 2023 and is expected to grow at a CAGR of 12.5 % during the forecast period 2023 - 2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Mainframe Modernization Services Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Software Providers:
4.3.2 Services Providers:
4.3.3 System Integrators:
4.3.4 End-Users:
4.3.5 List of Vendors in the Value Chain
5. Mainframe Modernization Services Market – Key Market Dynamics
5.1 Mainframe Modernization Services Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 The Rise in Adoption of Mainframe Modernization Services In Various Sectors
5.2.2 Digital Transformation Across the Globe
5.2.3 Growing Adoption of Cloud Computing
5.3 Market Restraints
5.3.1 Challenges in Mainframe Modernization
5.4 Market Opportunities
5.4.1 Growing Adoption of Data Analytics
5.5 Future Trends
5.5.1 Increase in Investment Towards the Transformation of IT Infrastructure
5.5.2 Integration with AI and ML
5.6 Impact of Drivers and Restraints:
6. Mainframe Modernization Services Market – Global Market Analysis
6.1 Mainframe Modernization Services Market Revenue (US$ Million), 2021–2031
6.2 Mainframe Modernization Services Market Forecast Analysis
7. Mainframe Modernization Services Market Analysis – by Services
7.1 Application Modernization
7.1.1 Overview
7.1.2 Application Modernization: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Cloud Migration
7.2.1 Overview
7.2.2 Cloud Migration: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Data Modernization
7.3.1 Overview
7.3.2 Data Modernization: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
8. Mainframe Modernization Services Market Analysis – by Enterprise Size
8.1 Large Enterprises
8.1.1 Overview
8.1.2 Large Enterprises: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
8.2 SMEs
8.2.1 Overview
8.2.2 SMEs: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
9. Mainframe Modernization Services Market Analysis – by End Use Industry
9.1 IT and Telecom
9.1.1 Overview
9.1.2 IT and Telecom: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
9.2 BFSI
9.2.1 Overview
9.2.2 BFSI: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
9.4 Manufacturing
9.4.1 Overview
9.4.2 Manufacturing: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
9.5 Retail
9.5.1 Overview
9.5.2 Retail: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
9.6 Education
9.6.1 Overview
9.6.2 Education: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10. Mainframe Modernization Services Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Mainframe Modernization Services Market Overview
10.2.2 North America: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: Mainframe Modernization Services Market Breakdown, by Services
10.2.3.1 North America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Services
10.2.4 North America: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.2.4.1 North America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Enterprise Size
10.2.5 North America: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.2.5.1 North America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by End Use Industry
10.2.6 North America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: Mainframe Modernization Services Market Breakdown, by Services
10.2.6.2.2 United States: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.2.6.2.3 United States: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.2.6.3 Canada: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: Mainframe Modernization Services Market Breakdown, by Services
10.2.6.3.2 Canada: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.2.6.3.3 Canada: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.2.6.4 Mexico: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: Mainframe Modernization Services Market Breakdown, by Services
10.2.6.4.2 Mexico: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.2.6.4.3 Mexico: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.3 Europe
10.3.1 Europe Mainframe Modernization Services Market Overview
10.3.2 Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: Mainframe Modernization Services Market Breakdown, by Services
10.3.3.1 Europe: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Services
10.3.4 Europe: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.3.4.1 Europe: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Enterprise Size
10.3.5 Europe: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.3.5.1 Europe: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by End Use Industry
10.3.6 Europe: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.3.6.2 United Kingdom: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 United Kingdom: Mainframe Modernization Services Market Breakdown, by Services
10.3.6.2.2 United Kingdom: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.3.6.2.3 United Kingdom: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.3.6.3 Germany: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 Germany: Mainframe Modernization Services Market Breakdown, by Services
10.3.6.3.2 Germany: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.3.6.3.3 Germany: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.3.6.4 France: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 France: Mainframe Modernization Services Market Breakdown, by Services
10.3.6.4.2 France: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.3.6.4.3 France: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.3.6.5 Italy: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 Italy: Mainframe Modernization Services Market Breakdown, by Services
10.3.6.5.2 Italy: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.3.6.5.3 Italy: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.3.6.6 Russia: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Russia: Mainframe Modernization Services Market Breakdown, by Services
10.3.6.6.2 Russia: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.3.6.6.3 Russia: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.3.6.7 Rest of Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: Mainframe Modernization Services Market Breakdown, by Services
10.3.6.7.2 Rest of Europe: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.3.6.7.3 Rest of Europe: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.4 Asia Pacific
10.4.1 Asia Pacific Mainframe Modernization Services Market Overview
10.4.2 Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Mainframe Modernization Services Market Breakdown, by Services
10.4.3.1 Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Services
10.4.4 Asia Pacific: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.4.4.1 Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Enterprise Size
10.4.5 Asia Pacific: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.4.5.1 Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by End Use Industry
10.4.6 Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.4.6.2 China: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 China: Mainframe Modernization Services Market Breakdown, by Services
10.4.6.2.2 China: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.4.6.2.3 China: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.4.6.3 Japan: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 Japan: Mainframe Modernization Services Market Breakdown, by Services
10.4.6.3.2 Japan: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.4.6.3.3 Japan: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.4.6.4 India: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 India: Mainframe Modernization Services Market Breakdown, by Services
10.4.6.4.2 India: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.4.6.4.3 India: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.4.6.5 South Korea: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 South Korea: Mainframe Modernization Services Market Breakdown, by Services
10.4.6.5.2 South Korea: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.4.6.5.3 South Korea: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.4.6.6 Australia: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 Australia: Mainframe Modernization Services Market Breakdown, by Services
10.4.6.6.2 Australia: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.4.6.6.3 Australia: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.4.6.7 Rest of APAC: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: Mainframe Modernization Services Market Breakdown, by Services
10.4.6.7.2 Rest of APAC: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.4.6.7.3 Rest of APAC: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.5 Middle East and Africa
10.5.1 Middle East and Africa Mainframe Modernization Services Market Overview
10.5.2 Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: Mainframe Modernization Services Market Breakdown, by Services
10.5.3.1 Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Services
10.5.4 Middle East and Africa: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.5.4.1 Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Enterprise Size
10.5.5 Middle East and Africa: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.5.5.1 Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by End Use Industry
10.5.6 Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.5.6.2 United Arab Emirates: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 United Arab Emirates: Mainframe Modernization Services Market Breakdown, by Services
10.5.6.2.2 United Arab Emirates: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.5.6.2.3 United Arab Emirates: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.5.6.3 Saudi Arabia: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: Mainframe Modernization Services Market Breakdown, by Services
10.5.6.3.2 Saudi Arabia: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.5.6.3.3 Saudi Arabia: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.5.6.4 South Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 South Africa: Mainframe Modernization Services Market Breakdown, by Services
10.5.6.4.2 South Africa: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.5.6.4.3 South Africa: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.5.6.5 Rest of Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Mainframe Modernization Services Market Breakdown, by Services
10.5.6.5.2 Rest of Middle East and Africa: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.5.6.5.3 Rest of Middle East and Africa: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.6 South and Central America
10.6.1 South and Central America Mainframe Modernization Services Market Overview
10.6.2 South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: Mainframe Modernization Services Market Breakdown, by Services
10.6.3.1 South and Central America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Services
10.6.4 South and Central America: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.6.4.1 South and Central America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Enterprise Size
10.6.5 South and Central America: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.6.5.1 South and Central America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by End Use Industry
10.6.6 South and Central America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Mainframe Modernization Services Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: Mainframe Modernization Services Market Breakdown, by Services
10.6.6.2.2 Brazil: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.6.6.2.3 Brazil: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.6.6.3 Argentina: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: Mainframe Modernization Services Market Breakdown, by Services
10.6.6.3.2 Argentina: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.6.6.3.3 Argentina: Mainframe Modernization Services Market Breakdown, by End Use Industry
10.6.6.4 Rest of South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Mainframe Modernization Services Market Breakdown, by Services
10.6.6.4.2 Rest of South and Central America: Mainframe Modernization Services Market Breakdown, by Enterprise Size
10.6.6.4.3 Rest of South and Central America: Mainframe Modernization Services Market Breakdown, by End Use Industry
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Accenture Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Capgemini SE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Infosys Ltd
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Fujitsu Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Cognizant Technology Solutions Corp
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Microsoft Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Mphasis Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Innova Solutions
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 DXC Technology Co
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Amazon Web Services Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 International Business Machines Corp
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 HCL Technologies Ltd
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Atos SE
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Tata Consultancy Services Ltd
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Oracle Corp
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Products and Services
13.15.4 Financial Overview
13.15.5 SWOT Analysis
13.15.6 Key Developments
13.16 EPAM Systems Inc
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
13.17 Ensono, LLC
13.17.1 Key Facts
13.17.2 Business Description
13.17.3 Products and Services
13.17.4 Financial Overview
13.17.5 SWOT Analysis
13.17.6 Key Developments
13.18 Hexaware Technologies Ltd
13.18.1 Key Facts
13.18.2 Business Description
13.18.3 Products and Services
13.18.4 Financial Overview
13.18.5 SWOT Analysis
13.18.6 Key Developments
13.19 Software AG
13.19.1 Key Facts
13.19.2 Business Description
13.19.3 Products and Services
13.19.4 Financial Overview
13.19.5 SWOT Analysis
13.19.6 Key Developments
13.20 Kyndryl Holdings Inc
13.20.1 Key Facts
13.20.2 Business Description
13.20.3 Products and Services
13.20.4 Financial Overview
13.20.5 SWOT Analysis
13.20.6 Key Developments
14. Appendix
14.1 Word Index
14.2 About The Insight Partners
List of Tables
Table 1. Mainframe Modernization Services Market Segmentation
Table 2. List of Vendors
Table 3. Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by Services
Table 5. Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 6. Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by End Use Industry
Table 7. North America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 8. North America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 9. North America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 10. North America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 11. United States: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 12. United States: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 13. United States: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 14. Canada: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 15. Canada: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 16. Canada: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 17. Mexico: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 18. Mexico: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 19. Mexico: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 20. Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 21. Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 22. Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 23. Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 24. United Kingdom: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 25. United Kingdom: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 26. United Kingdom: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 27. Germany: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 28. Germany: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 29. Germany: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 30. France: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 31. France: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 32. France: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 33. Italy: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 34. Italy: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 35. Italy: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 36. Russia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 37. Russia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 38. Russia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 39. Rest of Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 40. Rest of Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 41. Rest of Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 42. Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 43. Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 44. Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 45. Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 46. China: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 47. China: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 48. China: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 49. Japan: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 50. Japan: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 51. Japan: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 52. India: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 53. India: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 54. India: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 55. South Korea: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 56. South Korea: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 57. South Korea: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 58. Australia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 59. Australia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 60. Australia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 61. Rest of APAC: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 62. Rest of APAC: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 63. Rest of APAC: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 64. Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 65. Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 66. Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 67. Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 68. United Arab Emirates: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 69. United Arab Emirates: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 70. United Arab Emirates: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 71. Saudi Arabia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 72. Saudi Arabia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 73. Saudi Arabia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 74. South Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 75. South Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 76. South Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 77. Rest of Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 78. Rest of Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 79. Rest of Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by End Use Industry
Table 80. South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by Services
Table 81. South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 82. South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by End Use Industry
Table 83. South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million) – by Country
Table 84. Brazil: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 85. Brazil: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 86. Brazil: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 87. Argentina: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 88. Argentina: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 89. Argentina: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 90. Rest of South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Services
Table 91. Rest of South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 92. Rest of South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million) – by End Use Industry
Table 93. Company Positioning & Concentration
Table 94. List of Abbreviation
List of Figures
Figure 1. Mainframe Modernization Services Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Mainframe Modernization Services Market Revenue (US$ Million), 2021–2031
Figure 5. Mainframe Modernization Services Market Share (%) – by Services (2023 and 2031)
Figure 6. Application Modernization: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Cloud Migration: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Data Modernization: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 9. Mainframe Modernization Services Market Share (%) – by Enterprise Size (2023 and 2031)
Figure 10. Large Enterprises: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. SMEs: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Mainframe Modernization Services Market Share (%) – by End Use Industry (2023 and 2031)
Figure 13. IT and Telecom: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. BFSI: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 15. Healthcare: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Manufacturing: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 17. Retail: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Education: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 19. Others: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Mainframe Modernization Services Market Breakdown by Region, 2023 and 2031 (%)
Figure 21. North America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. North America: Mainframe Modernization Services Market Breakdown, by Services (2023 and 2031)
Figure 23. North America: Mainframe Modernization Services Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 24. North America: Mainframe Modernization Services Market Breakdown, by End Use Industry (2023 and 2031)
Figure 25. North America: Mainframe Modernization Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 26. United States: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 27. Canada: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 28. Mexico: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 29. Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 30. Europe: Mainframe Modernization Services Market Breakdown, by Services (2023 and 2031)
Figure 31. Europe: Mainframe Modernization Services Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 32. Europe: Mainframe Modernization Services Market Breakdown, by End Use Industry (2023 and 2031)
Figure 33. Europe: Mainframe Modernization Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 34. United Kingdom: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 35. Germany: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 36. France: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 37. Italy: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 38. Russia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 39. Rest of Europe: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 40. Asia Pacific: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 41. Asia Pacific: Mainframe Modernization Services Market Breakdown, by Services (2023 and 2031)
Figure 42. Asia Pacific: Mainframe Modernization Services Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 43. Asia Pacific: Mainframe Modernization Services Market Breakdown, by End Use Industry (2023 and 2031)
Figure 44. Asia Pacific: Mainframe Modernization Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 45. China: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 46. Japan: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 47. India: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 48. South Korea: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 49. Australia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 50. Rest of APAC: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 51. Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 52. Middle East and Africa: Mainframe Modernization Services Market Breakdown, by Services (2023 and 2031)
Figure 53. Middle East and Africa: Mainframe Modernization Services Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 54. Middle East and Africa: Mainframe Modernization Services Market Breakdown, by End Use Industry (2023 and 2031)
Figure 55. Middle East and Africa: Mainframe Modernization Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 56. United Arab Emirates: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 57. Saudi Arabia: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 58. South Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 59. Rest of Middle East and Africa: Mainframe Modernization Services Market – Revenue and Forecast to 2031 (US$ Million)
Figure 60. South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 61. South and Central America: Mainframe Modernization Services Market Breakdown, by Services (2023 and 2031)
Figure 62. South and Central America: Mainframe Modernization Services Market Breakdown, by Enterprise Size (2023 and 2031)
Figure 63. South and Central America: Mainframe Modernization Services Market Breakdown, by End Use Industry (2023 and 2031)
Figure 64. South and Central America: Mainframe Modernization Services Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 65. Brazil: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 66. Argentina: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 67. Rest of South and Central America: Mainframe Modernization Services Market – Revenue and Forecast to 2031(US$ Million)
Figure 68. Heat Map Analysis by Key Players
The List of Companies - Mainframe Modernization Services Market
- Accenture Plc
- Capgemini SE
- Infosys Ltd
- Fujitsu Ltd
- Cognizant Technology Solutions Corp
- Microsoft Corp
- Mphasis Ltd
- Innova Solutions
- DXC Technology Co
- Amazon.com Inc
- International Business Machines Corp
- HCL Technologies Ltd
- Atos SE
- Tata Consultancy Services Ltd
- Oracle Corp
- EPAM Systems Inc
- Ensono, LLC
- Hexaware Technologies Ltd
- Software AG
- Kyndryl Holdings Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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