The global Application Modernization and Migration Service market size is predicted to grow from US$ 21960 million in 2025 to US$ 32480 million in 2031; it is expected to grow at a CAGR of 6.7% from 2025 to 2031.

Application modernization is the refactoring, re-purposing or consolidation of legacy software programming to align it more closely with current business needs.

The goal of an application modernization project is to create new business value from existing applications. An application is a program designed to perform a specific function directly for the user or, in some cases, for another application program. Keeping legacy applications running smoothly can be a time-consuming, resource-intensive process, especially when the software becomes so outdated that it becomes incompatible with newer versions of the underlying operating system (OS) or system hardware.

Global Application Modernization Services key players include IBM, Atos, Cognizant, Accenture, etc. Global top four manufacturers hold a share over 55%.

United States is the largest market, with a share about 35%, followed by Europe and China, both have a share about 35 percent.

In terms of product, Cobol is the largest segment, with a share over 60%. And in terms of application, the largest application is Emulation, followed by Translation, Business rules extraction, etc.

LPI (LP Information) newest research report, the ?Application Modernization and Migration Service Industry Forecast? looks at past sales and reviews total world Application Modernization and Migration Service sales in 2024, providing a comprehensive analysis by region and market sector of projected Application Modernization and Migration Service sales for 2025 through 2031. With Application Modernization and Migration Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Application Modernization and Migration Service industry.

This Insight Report provides a comprehensive analysis of the global Application Modernization and Migration Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Application Modernization and Migration Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms? unique position in an accelerating global Application Modernization and Migration Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Application Modernization and Migration Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Application Modernization and Migration Service.

This report presents a comprehensive overview, market shares, and growth opportunities of Application Modernization and Migration Service market by product type, application, key players and key regions and countries.

Segmentation by Type:

    Application Portfolio Assessment
    Cloud Application Migration
    Application Replatforming

Segmentation by Application:

    BFSI
    Government
    Healthcare
    IT and Telecommunication
    Manufacturing
    Retail
    Other

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the companys coverage, product portfolio, its market penetration.

    Accenture
    Atos
    Bell Integrator
    Capgemini
    Cognizant
    Fujitsu
    HCL
    IBM
    Macrosoft
    Tech Mahindra
    TCS
    Wipro
    Infosys
    DXC
    Blu Age
    TSRI
    Modern Systems
    Trinity Millennium
    Micro Focus
    Software Mining
    Semantic Designs
    Evolveware
    Mapador
    Fresche Solutions
    Asysco
    Expersolve
    Metaware (Inetum)
    MOST Technologies
    Freesoft
    Language Portability Solutions