The global application modernization tools market accounted at US$ 8.04 Bn in 2018 and is expected to grow at a CAGR of 18.7% during the forecast period 2019 – 2027, to account to US$ 36.86 Bn by 2027.
North America is expected to hold the largest application modernization tools market share by 2027. The governments are maximizing their digital investments by strategically leveraging new technologies, as well as data and advanced analytics, for optimizing policies and programs, and updating their legacy systems. Improving and aligning processes; attracting new investors; bringing smart, data-driven approach in government operations; providing better access to and improving management of information; enhancing citizen satisfaction and trust; transforming government transaction services; and meeting the needs of rapidly changing demographics and balancing cost while optimizing efficiency are all playing major role in the ongoing IT transformation across the government, public, and private sectors.
Market Insights
Increasing digital transformation across the industries is propelling the demand for application modernization tools market
End-to-end business process optimization, increased operational efficiency, improved customer experience, and reduced costs are few of the factors driving the application modernization tools market. The paradigm shift of enterprises from traditional channels to digital and automated channels results in multiple benefits ranging from improved efficiency to reduced cost and increased revenue opportunities, thus bolstering the growth of application modernization tools market
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Application Modernization Tools Market: Strategic Insights
Market Size Value in US$ 8.04 Billion in 2018 Market Size Value by US$ 36.86 Billion by 2027 Growth rate CAGR of 18.7% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Application Modernization Tools Market: Strategic Insights
| Market Size Value in | US$ 8.04 Billion in 2018 |
| Market Size Value by | US$ 36.86 Billion by 2027 |
| Growth rate | CAGR of 18.7% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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The high degree of integration with other solutions offer a lucrative opportunity to the application modernization tools market
The players in application modernization tools market are integrating various solutions with the applications and front ended on tablets, mobile, and web. It is a cost-effective and quick way to provide new business processes across any applications. Services providers integrate solutions such as robotic process automation (RPA) which is an as-a-service automation platform. It enables to replicate the interaction of technology and human to automate a wide range of operations and support processes cost-effectively and increases the reliability.
Product Type Insights
The global application modernization tools market by product type was led by COBOL segment. The application modernization process is quite challenging with the traditional methods, but with the adoption of agile technologies, it became easy and more accurate. COBOL is a high-level programming language that generates fully web-based applications and reengineers project within the timeframe, along with executing standards and following specifications for a better look and feel, with the modernization in .NET and Java applications. Various platforms available in the market transform the existing codes into advanced languages.
Application Insights
The global application modernization tools market by application was led by emulation segment in 2018. Also, the segment is expected to hold the largest application modernization tools market share by 2027. Emulation is a process to rehost/re-platform the modernization approach used to provide an environment that compiles on distributed platforms by emulating the legacy operating environment. The emulation capability reduces the amount, and the changes occurred at the time when the legacy system migrates to a distributed platform. The emulation process offers the fastest technique to migrate workloads off a mainframe and a comparatively low-cost, low-risk way to decrease the operating costs as well as uphold the business value. These factors expected to upsurge the demand for emulation applications in application modernization tools market.
Application Modernization Tools Market Report Scope
The market players present in application modernization tool market are mainly focusing on product enhancements by implementing advance technologies. Few of the recent developments are listed below:
- 2019 : Atos announced the enhancement of Atos Managed OpenShift (AMOS) platform, with the help of new integrated automation features from the SyntBots automation platform. This up-gradation is a result of the collaboration between Atos and Red Hat.
- 2018 : Micro Focus announced the general availability of Visual Enterprise Suite 4.0 and COBOL 4.0, marking a key step in implementing its digital transformation vision to facilitate customers to update core business processes as well as technology.
- 2017 : Blu Age announced its partnership with Advanced, for offering its game-changing solution - COBOL Migration and data modernization to Advanced. With this partnership, the company delivers its automated solution for transforming its legacy COBOL applications to Java and .NET.
Global Application Modernization Tools Market Segmentation
By Product Type
- COBOL
- ADA
- RPG
- Assembler
- PowerBuilder
- Others
By Application
- Emulation
- Translation
- Business Rules Extraction
By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Russia
- Italy
- Rest of Europe
Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Advanced Computer Software Group Limited
- Aspire Systems (India) Pvt. Ltd
- Asysco Software BV
- Atos SE
- Blu Age
- Deloitte Touche Tohmatsu Limited
- FreeSoft, Inc.
- Language Portability Solutions
- Micro Focus International plc
- Mphasis Limited
- Semantic Designs, Incorporated
- SoftwareMining Technologies
- The Software Revolution Inc. (TSRI)
- Virtusa Corporation
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Application Modernization Tools Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 North America PEST Analysis
4.3.2 Europe PEST Analysis
4.3.3 Asia Pacific PEST Analysis
4.3.4 Middle East & Africa PEST Analysis
4.3.5 South America PEST Analysis
5. Application Modernization Tools Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing digital transformation across the industries are positively impacting application modernization market
5.1.2 Stringent regulatory compliances and growing need for its adherence
5.2 Key Market Restraints
5.2.1 High upfront costs involved in implementation and up gradation
5.3 Key Market Opportunities
5.3.1 High degree of integration with other solutions
5.4 Future Trends
5.4.1 Artificial intelligence and analytics is expected to contribute to the market growth during the forecast period
5.5 Impact Analysis of Drivers and Restraints
6. Application Modernization Tools Market – Global Market Analysis
6.1 Global Application Modernization Tools Market Overview
6.2 Global Application Modernization Tools Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Application Modernization Tools Market – By Product Type
7.1 Overview
7.2 Application Modernization Tools Market Breakdown, By Product Type, 2018 and 2027
7.3 COBOL
7.3.1 Overview
7.3.2 COBOL Market, Revenue and Forecast to 2027 (US$ Mn)
7.4 ADA
7.4.1 Overview
7.4.2 ADA Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 RPG
7.5.1 Overview
7.5.2 RPG Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Assembler
7.6.1 Overview
7.6.2 Assembler Market, Revenue and Forecast to 2027 (US$ Mn)
7.7 PowerBuilder
7.7.1 Overview
7.7.2 PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)
7.8 Other
7.8.1 Overview
7.8.2 Other Market, Revenue and Forecast to 2027 (US$ Mn)
8. Application Modernization Tools Market – By Application
8.1 Overview
8.2 Application Modernization Tools Market Breakdown, By Application, 2018 & 2027
8.3 Emulation
8.3.1 Overview
8.3.2 Emulation Market, Revenue and Forecast to 2027 (US$ Mn)
8.4 Translation
8.4.1 Overview
8.4.2 Translation Market, Revenue and Forecast to 2027 (US$ Mn)
8.5 Business Rules Extraction
8.5.1 Overview
8.5.2 Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)
9. Global Application Modernization Tool Market – Geographic Analysis
9.1 Overview
9.2 North America Application Modernization Tool Market Revenue and Forecast to 2027
9.2.1 Overview
9.2.2 North America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.2.3 North America Application Modernization Tool Market Breakdown, By Product Type
9.2.4 North America Application Modernization Tool Market Breakdown, By Application
9.2.5 North America Application Modernization Tool Market Breakdown, By Country
9.2.5.1 US Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.2.5.1.1 US Application Modernization Tool Market Breakdown, By Product Type
9.2.5.1.2 US Application Modernization Tool Market Breakdown, By Application
9.2.5.2 Canada Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.2.5.2.1 Canada Application Modernization Tool Market Breakdown, By Product Type
9.2.5.2.2 Canada Application Modernization Tool Market Breakdown, By Application
9.2.5.3 Mexico Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.2.5.3.1 Mexico Application Modernization Tool Market Breakdown, By Product Type
9.2.5.3.2 Mexico Application Modernization Tool Market Breakdown, By Application
9.3 Europe Application Modernization Tool Market Revenue and Forecast to 2027
9.3.1 Overview
9.3.2 Europe Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.3.3 Europe Application Modernization Tool Market Breakdown, By Product Type
9.3.4 Europe Application Modernization Tool Market Breakdown, By Application
9.3.5 Europe Application Modernization Tool Market Breakdown, By Country
9.3.5.1 Germany Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.3.5.1.1 Germany Application Modernization Tool Market Breakdown, By Product Type
9.3.5.1.2 Germany Application Modernization Tool Market Breakdown, By Application
9.3.5.2 UK Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.3.5.2.1 UK Application Modernization Tool Market Breakdown, By Product Type
9.3.5.2.2 UK Application Modernization Tool Market Breakdown, By Application
9.3.5.3 France Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.3.5.3.1 France Application Modernization Tool Market Breakdown, By Product Type
9.3.5.3.2 France Application Modernization Tool Market Breakdown, By Application
9.3.5.4 Italy Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.3.5.4.1 Italy Application Modernization Tool Market Breakdown, By Product Type
9.3.5.4.2 Italy Application Modernization Tool Market Breakdown, By Application
9.3.5.5 Russia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.3.5.5.1 Russia Application Modernization Tool Market Breakdown, By Product Type
9.3.5.5.2 Russia Application Modernization Tool Market Breakdown, By Application
9.3.5.6 Rest of Europe Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.3.5.6.1 Rest of Europe Application Modernization Tool Market Breakdown, By Product Type
9.3.5.6.2 Rest of Europe Application Modernization Tool Market Breakdown, By Application
9.4 APAC Application Modernization Tool Market Revenue and Forecast to 2027
9.4.1 Overview
9.4.2 APAC Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.4.3 APAC Application Modernization Tool Market Breakdown, By Product Type
9.4.4 APAC Application Modernization Tool Market Breakdown, By Application
9.4.5 APAC Application Modernization Tool Market Breakdown, By Country
9.4.5.1 China Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.4.5.1.1 China Application Modernization Tool Market Breakdown, By Product Type
9.4.5.1.2 China Application Modernization Tool Market Breakdown, By Application
9.4.5.2 Japan Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.4.5.2.1 Japan Application Modernization Tool Market Breakdown, By Product Type
9.4.5.2.2 Japan Application Modernization Tool Market Breakdown, By Application
9.4.5.3 India Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.4.5.3.1 India Application Modernization Tool Market Breakdown, By Product Type
9.4.5.3.2 India Application Modernization Tool Market Breakdown, By Application
9.4.5.4 South Korea Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.4.5.4.1 South Korea Application Modernization Tool Market Breakdown, By Product Type
9.4.5.4.2 South Korea Application Modernization Tool Market Breakdown, By Application
9.4.5.5 Australia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.4.5.5.1 Australia Application Modernization Tool Market Breakdown, By Product Type
9.4.5.5.2 Australia Application Modernization Tool Market Breakdown, By Application
9.4.5.6 Rest of APAC Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.4.5.6.1 Rest of APAC Application Modernization Tool Market Breakdown, By Product Type
9.4.5.6.2 Rest of APAC Application Modernization Tool Market Breakdown, By Application
9.5 MEA Application Modernization Tool Market Revenue and Forecast to 2027
9.5.1 Overview
9.5.2 MEA Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.5.3 MEA Application Modernization Tool Market Breakdown, By Product Type
9.5.4 MEA Application Modernization Tool Market Breakdown, By Application
9.5.5 MEA Application Modernization Tool Market Breakdown, By Country
9.5.5.1 UAE Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.5.5.1.1 UAE Application Modernization Tool Market Breakdown, By Product Type
9.5.5.1.2 UAE Application Modernization Tool Market Breakdown, By Application
9.5.5.2 Saudi Arabia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.5.5.2.1 Saudi Arabia Application Modernization Tool Market Breakdown, By Product Type
9.5.5.2.2 Saudi Arabia Application Modernization Tool Market Breakdown, By Application
9.5.5.3 South Africa Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.5.5.3.1 South Africa Application Modernization Tool Market Breakdown, By Product Type
9.5.5.3.2 South Africa Application Modernization Tool Market Breakdown, By Application
9.5.5.4 Rest of MEA Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.5.5.4.1 Rest of MEA Application Modernization Tool Market Breakdown, By Product Type
9.5.5.4.2 Rest of MEA Application Modernization Tool Market Breakdown, By Application
9.6 South America Application Modernization Tool Market Revenue and Forecast to 2027
9.6.1 Overview
9.6.2 South America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.6.3 South America Application Modernization Tool Market Breakdown, By Product Type
9.6.4 South America Application Modernization Tool Market Breakdown, By Application
9.6.5 South America Application Modernization Tool Market Breakdown, By Country
9.6.5.1 Brazil Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.6.5.1.1 Brazil Application Modernization Tool Market Breakdown, By Product Type
9.6.5.1.2 Brazil Application Modernization Tool Market Breakdown, By Application
9.6.5.2 Argentina Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.6.5.2.1 Argentina Application Modernization Tool Market Breakdown, By Product Type
9.6.5.2.2 Argentina Application Modernization Tool Market Breakdown, By Application
9.6.5.3 Rest of South America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.6.5.3.1 Rest of South America Application Modernization Tool Market Breakdown, By Product Type
9.6.5.3.2 Rest of South America Application Modernization Tool Market Breakdown, By Application
10. Application Modernization Tools Market - Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Application Modernization Tools Market- Company Profiles
11.1 Advanced Computer Software Group Limited
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Aspire Systems (India) Pvt. Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Asysco Software BV
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Atos SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Blu Age
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Deloitte Touche Tohmatsu Limited
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 FreeSoft, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Language Portability Solutions
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Micro Focus International plc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Mphasis Limited
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 Semantic Designs, Incorporated
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
11.12 SoftwareMining Technologies
11.12.1 Key Facts
11.12.2 Business Description
11.12.3 Products and Services
11.12.4 Financial Overview
11.12.5 SWOT Analysis
11.12.6 Key Developments
11.13 The Software Revolution Inc. (TSRI)
11.13.1 Key Facts
11.13.2 Business Description
11.13.3 Products and Services
11.13.4 Financial Overview
11.13.5 SWOT Analysis
11.14 Virtusa Corporation
11.14.1 Key Facts
11.14.2 Business Description
11.14.3 Products and Services
11.14.4 Financial Overview
11.14.5 SWOT Analysis
11.14.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Global Application Modernization Tool Market Revenue and Forecast to 2027, By Geography (US$ Mn)
Table 3. North America Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 4. North America Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 5. North America Application Modernization Tool Market Revenue and Forecast to 2027 – By Country (US$ Mn)
Table 6. US Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 7. US Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 8. Canada Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 9. Canada Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 10. Mexico Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 11. Mexico Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 12. Europe Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 13. Europe Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 14. Germany Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 15. Germany Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 16. UK Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 17. UK Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 18. France Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 19. France Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 20. Italy Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 21. Italy Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 22. Russia Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 23. Russia Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 24. Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 25. Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 26. APAC Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 27. APAC Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 28. China Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 29. China Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 30. Japan Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 31. Japan Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 32. India Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 33. India Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 34. South Korea Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 35. South Korea Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 36. Australia Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 37. Australia Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 38. Rest of APAC Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 39. Rest of APAC Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 40. MEA Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 41. MEA Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 42. UAE Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 43. UAE Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 44. Saudi Arabia Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 45. Saudi Arabia Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 46. South Africa Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 47. South Africa Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 48. Rest of MEA Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 49. Rest of MEA Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 50. South America Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 51. South America Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 52. Brazil Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 53. Brazil Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 54. Argentina Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 55. Argentina Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 56. Rest of South America Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 57. Rest of South America Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 58. Glossary of Term: Application Modernization Tools Market
LIST OF FIGURES
Figure 1. Application Modernization Tools Market Segmentation
Figure 2. Application Modernization Tools Market Segmentation – By Geography
Figure 3. Application Modernization Tools Market - Competitive Scenario
Figure 4. Application Modernization Tools Market, By Product Type
Figure 5. Application Modernization Tools Market, By Application
Figure 6. Application Modernization Tools Market, By Geography
Figure 7. Application Modernization Tools Market Overview
Figure 8. Application Modernization Tools Market Ecosystem Analysis
Figure 9. North America – PEST Analysis
Figure 10. Europe – PEST Analysis
Figure 11. Asia Pacific – PEST Analysis
Figure 12. Middle East & Africa PEST Analysis
Figure 13. South America PEST Analysis
Figure 14. Application Modernization Tools Market Impact Analysis of Drivers and Restraints
Figure 15. Global Application Modernization Tools Market- Geographical Analysis
Figure 16. Global Application Modernization Tools Market Forecast and Analysis, (US$ Mn)
Figure 17. Application Modernization Tools Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 18. COBOL Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 19. ADA Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 20. RPG Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Assembler Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 22. PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 23. Other Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Application Modernization Tools Market Breakdown, By Application, 2018 & 2027 (%)
Figure 25. Emulation Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Translation Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Global Application Modernization Tool Market Breakdown, By Region, 2018 & 2027 (%)
Figure 29. North America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 30. North America Application Modernization Tool Market Breakdown, By Product Type, 2018 & 2027 (%)
Figure 31. North America Application Modernization Tool Market Breakdown, By Application, 2018 & 2027 (%)
Figure 32. North America Application Modernization Tool Market Breakdown, By Country, 2018 & 2027(%)
Figure 33. US Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 34. Canada Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 35. Mexico Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 36. Europe Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 37. Europe Application Modernization Tool Market Breakdown, Product Type, 2018 & 2027 (%)
Figure 38. Europe Application Modernization Tool Market Breakdown, By Application, 2018 & 2027 (%)
Figure 39. Europe Application Modernization Tool Market Breakdown, By Country, 2018 & 2027(%)
Figure 40. Germany Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 41. UK Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 42. France Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 43. Italy Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 44. Russia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 45. Rest of Europe Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 46. APAC Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 47. APAC Application Modernization Tool Market Breakdown, By Product Type, 2018 & 2027 (%)
Figure 48. APAC Application Modernization Tool Market Breakdown, By Application, 2018 & 2027 (%)
Figure 49. APAC Application Modernization Tool Market Breakdown, By Country, 2018 & 2027(%)
Figure 50. China Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 51. Japan Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 52. India Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 53. South Korea Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 54. Australia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 55. Rest of APAC Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 56. MEA Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 57. MEA Application Modernization Tool Market Breakdown, By Product Type, 2018 & 2027 (%)
Figure 58. MEA Application Modernization Tool Market Breakdown, By Application, 2018 & 2027 (%)
Figure 59. MEA Application Modernization Tool Market Breakdown, By Country, 2018 & 2027(%)
Figure 60. UAE Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 61. Saudi Arabia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 62. South Africa Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 63. Rest of MEA Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 64. South America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 65. South America Application Modernization Tool Market Breakdown, By Product Type, 2018 & 2027 (%)
Figure 66. South America Application Modernization Tool Market Breakdown, By Application, 2018 & 2027 (%)
Figure 67. South America Application Modernization Tool Market Breakdown, By Country, 2018 & 2027(%)
Figure 68. Brazil Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 69. Argentina Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 70. Rest of South America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
The List of Companies
- Advanced Computer Software Group Limited
- Aspire Systems (India) Pvt. Ltd
- Asysco Software BV
- Atos SE
- Blu Age
- Deloitte Touche Tohmatsu Limited
- FreeSoft, Inc.
- Language Portability Solutions
- Micro Focus International plc
- Mphasis Limited
- Semantic Designs, Incorporated
- SoftwareMining Technologies
- The Software Revolution Inc. (TSRI)
- Virtusa Corporation
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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