The global market for Application Modernization and Application Transformation was estimated to be worth US$ 23002 million in 2024 and is forecast to a readjusted size of US$ 59617 million by 2031 with a CAGR of 14.3% during the forecast period 2025-2031.
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.
Application Modernization and Application Transformation refer to the strategic process of updating, re-architecting, or re-platforming legacy IT applications to improve performance, reduce operational costs, and align with modern business needs. Organizations are increasingly moving away from outdated monolithic systems and adopting cloud-native architectures, microservices, containerization, and AI-driven applications.
The global market for application modernization and transformation is experiencing significant growth due to digitalization trends, cloud adoption, and the need for operational agility. Several key drivers are fueling this market expansion.
Many organizations still rely on legacy applications built decades ago on outdated platforms such as mainframes, COBOL-based systems, or traditional client-server architectures.
Modernization and transformation initiatives allow organizations to replace or refactor these legacy systems to reduce costs, improve efficiency, and enable digital business strategies.
The shift toward cloud computing and hybrid IT environments is a major driver for application modernization. Businesses are moving workloads to public, private, and multi-cloud platforms to achieve.
Modernized applications are designed to be cloud-native, allowing organizations to fully leverage cloud services such as serverless computing, Kubernetes orchestration, and AI/ML integration.
In highly competitive markets, companies must respond quickly to customer demands and market changes. Legacy applications often hinder agile development and rapid deployment of new features.
This report aims to provide a comprehensive presentation of the global market for Application Modernization and Application Transformation, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Application Modernization and Application Transformation by region & country, by Type, and by Application.
The Application Modernization and Application Transformation market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Application Modernization and Application Transformation.
Market Segmentation
By Company
- 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
Segment by Type
- Application Modernization
- Application Transformation
Segment by Application
- BFSI
- Government
- Healthcare
- IT and Telecommunication
- Manufacturing
- Retail
- Other
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Application Modernization and Application Transformation company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Application Modernization and Application Transformation in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Application Modernization and Application Transformation in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Application Modernization and Application Transformation Product Introduction
- 1.2 Global Application Modernization and Application Transformation Market Size Forecast (2020-2031)
- 1.3 Application Modernization and Application Transformation Market Trends & Drivers
- 1.3.1 Application Modernization and Application Transformation Industry Trends
- 1.3.2 Application Modernization and Application Transformation Market Drivers & Opportunity
- 1.3.3 Application Modernization and Application Transformation Market Challenges
- 1.3.4 Application Modernization and Application Transformation Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Application Modernization and Application Transformation Players Revenue Ranking (2024)
- 2.2 Global Application Modernization and Application Transformation Revenue by Company (2020-2025)
- 2.3 Key Companies Application Modernization and Application Transformation Manufacturing Base Distribution and Headquarters
- 2.4 Key Companies Application Modernization and Application Transformation Product Offered
- 2.5 Key Companies Time to Begin Mass Production of Application Modernization and Application Transformation
- 2.6 Application Modernization and Application Transformation Market Competitive Analysis
- 2.6.1 Application Modernization and Application Transformation Market Concentration Rate (2020-2025)
- 2.6.2 Global 5 and 10 Largest Companies by Application Modernization and Application Transformation Revenue in 2024
- 2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Application Modernization and Application Transformation as of 2024)
- 2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Application Modernization
- 3.1.2 Application Transformation
- 3.2 Global Application Modernization and Application Transformation Sales Value by Type
- 3.2.1 Global Application Modernization and Application Transformation Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Application Modernization and Application Transformation Sales Value, by Type (2020-2031)
- 3.2.3 Global Application Modernization and Application Transformation Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 BFSI
- 4.1.2 Government
- 4.1.3 Healthcare
- 4.1.4 IT and Telecommunication
- 4.1.5 Manufacturing
- 4.1.6 Retail
- 4.1.7 Other
- 4.2 Global Application Modernization and Application Transformation Sales Value by Application
- 4.2.1 Global Application Modernization and Application Transformation Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Application Modernization and Application Transformation Sales Value, by Application (2020-2031)
- 4.2.3 Global Application Modernization and Application Transformation Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
- 5.1 Global Application Modernization and Application Transformation Sales Value by Region
- 5.1.1 Global Application Modernization and Application Transformation Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Application Modernization and Application Transformation Sales Value by Region (2020-2025)
- 5.1.3 Global Application Modernization and Application Transformation Sales Value by Region (2026-2031)
- 5.1.4 Global Application Modernization and Application Transformation Sales Value by Region (%), (2020-2031)
- 5.2 North America
- 5.2.1 North America Application Modernization and Application Transformation Sales Value, 2020-2031
- 5.2.2 North America Application Modernization and Application Transformation Sales Value by Country (%), 2024 VS 2031
- 5.3 Europe
- 5.3.1 Europe Application Modernization and Application Transformation Sales Value, 2020-2031
- 5.3.2 Europe Application Modernization and Application Transformation Sales Value by Country (%), 2024 VS 2031
- 5.4 Asia Pacific
- 5.4.1 Asia Pacific Application Modernization and Application Transformation Sales Value, 2020-2031
- 5.4.2 Asia Pacific Application Modernization and Application Transformation Sales Value by Region (%), 2024 VS 2031
- 5.5 South America
- 5.5.1 South America Application Modernization and Application Transformation Sales Value, 2020-2031
- 5.5.2 South America Application Modernization and Application Transformation Sales Value by Country (%), 2024 VS 2031
- 5.6 Middle East & Africa
- 5.6.1 Middle East & Africa Application Modernization and Application Transformation Sales Value, 2020-2031
- 5.6.2 Middle East & Africa Application Modernization and Application Transformation Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Application Modernization and Application Transformation Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Application Modernization and Application Transformation Sales Value, 2020-2031
- 6.3 United States
- 6.3.1 United States Application Modernization and Application Transformation Sales Value, 2020-2031
- 6.3.2 United States Application Modernization and Application Transformation Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Application Modernization and Application Transformation Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Application Modernization and Application Transformation Sales Value, 2020-2031
- 6.4.2 Europe Application Modernization and Application Transformation Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Application Modernization and Application Transformation Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Application Modernization and Application Transformation Sales Value, 2020-2031
- 6.5.2 China Application Modernization and Application Transformation Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Application Modernization and Application Transformation Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Application Modernization and Application Transformation Sales Value, 2020-2031
- 6.6.2 Japan Application Modernization and Application Transformation Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Application Modernization and Application Transformation Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Application Modernization and Application Transformation Sales Value, 2020-2031
- 6.7.2 South Korea Application Modernization and Application Transformation Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Application Modernization and Application Transformation Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Application Modernization and Application Transformation Sales Value, 2020-2031
- 6.8.2 Southeast Asia Application Modernization and Application Transformation Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Application Modernization and Application Transformation Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Application Modernization and Application Transformation Sales Value, 2020-2031
- 6.9.2 India Application Modernization and Application Transformation Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Application Modernization and Application Transformation Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Accenture
- 7.1.1 Accenture Profile
- 7.1.2 Accenture Main Business
- 7.1.3 Accenture Application Modernization and Application Transformation Products, Services and Solutions
- 7.1.4 Accenture Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.1.5 Accenture Recent Developments
- 7.2 Atos
- 7.2.1 Atos Profile
- 7.2.2 Atos Main Business
- 7.2.3 Atos Application Modernization and Application Transformation Products, Services and Solutions
- 7.2.4 Atos Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.2.5 Atos Recent Developments
- 7.3 Bell Integrator
- 7.3.1 Bell Integrator Profile
- 7.3.2 Bell Integrator Main Business
- 7.3.3 Bell Integrator Application Modernization and Application Transformation Products, Services and Solutions
- 7.3.4 Bell Integrator Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.3.5 Bell Integrator Recent Developments
- 7.4 Capgemini
- 7.4.1 Capgemini Profile
- 7.4.2 Capgemini Main Business
- 7.4.3 Capgemini Application Modernization and Application Transformation Products, Services and Solutions
- 7.4.4 Capgemini Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.4.5 Capgemini Recent Developments
- 7.5 Cognizant
- 7.5.1 Cognizant Profile
- 7.5.2 Cognizant Main Business
- 7.5.3 Cognizant Application Modernization and Application Transformation Products, Services and Solutions
- 7.5.4 Cognizant Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.5.5 Cognizant Recent Developments
- 7.6 Fujitsu
- 7.6.1 Fujitsu Profile
- 7.6.2 Fujitsu Main Business
- 7.6.3 Fujitsu Application Modernization and Application Transformation Products, Services and Solutions
- 7.6.4 Fujitsu Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.6.5 Fujitsu Recent Developments
- 7.7 HCL
- 7.7.1 HCL Profile
- 7.7.2 HCL Main Business
- 7.7.3 HCL Application Modernization and Application Transformation Products, Services and Solutions
- 7.7.4 HCL Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.7.5 HCL Recent Developments
- 7.8 IBM
- 7.8.1 IBM Profile
- 7.8.2 IBM Main Business
- 7.8.3 IBM Application Modernization and Application Transformation Products, Services and Solutions
- 7.8.4 IBM Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.8.5 IBM Recent Developments
- 7.9 Macrosoft
- 7.9.1 Macrosoft Profile
- 7.9.2 Macrosoft Main Business
- 7.9.3 Macrosoft Application Modernization and Application Transformation Products, Services and Solutions
- 7.9.4 Macrosoft Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.9.5 Macrosoft Recent Developments
- 7.10 Tech Mahindra
- 7.10.1 Tech Mahindra Profile
- 7.10.2 Tech Mahindra Main Business
- 7.10.3 Tech Mahindra Application Modernization and Application Transformation Products, Services and Solutions
- 7.10.4 Tech Mahindra Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.10.5 Tech Mahindra Recent Developments
- 7.11 TCS
- 7.11.1 TCS Profile
- 7.11.2 TCS Main Business
- 7.11.3 TCS Application Modernization and Application Transformation Products, Services and Solutions
- 7.11.4 TCS Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.11.5 TCS Recent Developments
- 7.12 Wipro
- 7.12.1 Wipro Profile
- 7.12.2 Wipro Main Business
- 7.12.3 Wipro Application Modernization and Application Transformation Products, Services and Solutions
- 7.12.4 Wipro Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.12.5 Wipro Recent Developments
- 7.13 Infosys
- 7.13.1 Infosys Profile
- 7.13.2 Infosys Main Business
- 7.13.3 Infosys Application Modernization and Application Transformation Products, Services and Solutions
- 7.13.4 Infosys Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.13.5 Infosys Recent Developments
- 7.14 DXC
- 7.14.1 DXC Profile
- 7.14.2 DXC Main Business
- 7.14.3 DXC Application Modernization and Application Transformation Products, Services and Solutions
- 7.14.4 DXC Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.14.5 DXC Recent Developments
- 7.15 Blu Age
- 7.15.1 Blu Age Profile
- 7.15.2 Blu Age Main Business
- 7.15.3 Blu Age Application Modernization and Application Transformation Products, Services and Solutions
- 7.15.4 Blu Age Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.15.5 Blu Age Recent Developments
- 7.16 TSRI
- 7.16.1 TSRI Profile
- 7.16.2 TSRI Main Business
- 7.16.3 TSRI Application Modernization and Application Transformation Products, Services and Solutions
- 7.16.4 TSRI Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.16.5 TSRI Recent Developments
- 7.17 Modern Systems
- 7.17.1 Modern Systems Profile
- 7.17.2 Modern Systems Main Business
- 7.17.3 Modern Systems Application Modernization and Application Transformation Products, Services and Solutions
- 7.17.4 Modern Systems Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.17.5 Modern Systems Recent Developments
- 7.18 Trinity Millennium
- 7.18.1 Trinity Millennium Profile
- 7.18.2 Trinity Millennium Main Business
- 7.18.3 Trinity Millennium Application Modernization and Application Transformation Products, Services and Solutions
- 7.18.4 Trinity Millennium Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.18.5 Trinity Millennium Recent Developments
- 7.19 Micro Focus
- 7.19.1 Micro Focus Profile
- 7.19.2 Micro Focus Main Business
- 7.19.3 Micro Focus Application Modernization and Application Transformation Products, Services and Solutions
- 7.19.4 Micro Focus Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.19.5 Micro Focus Recent Developments
- 7.20 Software Mining
- 7.20.1 Software Mining Profile
- 7.20.2 Software Mining Main Business
- 7.20.3 Software Mining Application Modernization and Application Transformation Products, Services and Solutions
- 7.20.4 Software Mining Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.20.5 Software Mining Recent Developments
- 7.21 Semantic Designs
- 7.21.1 Semantic Designs Profile
- 7.21.2 Semantic Designs Main Business
- 7.21.3 Semantic Designs Application Modernization and Application Transformation Products, Services and Solutions
- 7.21.4 Semantic Designs Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.21.5 Semantic Designs Recent Developments
- 7.22 Evolveware
- 7.22.1 Evolveware Profile
- 7.22.2 Evolveware Main Business
- 7.22.3 Evolveware Application Modernization and Application Transformation Products, Services and Solutions
- 7.22.4 Evolveware Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.22.5 Evolveware Recent Developments
- 7.23 Mapador
- 7.23.1 Mapador Profile
- 7.23.2 Mapador Main Business
- 7.23.3 Mapador Application Modernization and Application Transformation Products, Services and Solutions
- 7.23.4 Mapador Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.23.5 Mapador Recent Developments
- 7.24 Fresche Solutions
- 7.24.1 Fresche Solutions Profile
- 7.24.2 Fresche Solutions Main Business
- 7.24.3 Fresche Solutions Application Modernization and Application Transformation Products, Services and Solutions
- 7.24.4 Fresche Solutions Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.24.5 Fresche Solutions Recent Developments
- 7.25 Asysco
- 7.25.1 Asysco Profile
- 7.25.2 Asysco Main Business
- 7.25.3 Asysco Application Modernization and Application Transformation Products, Services and Solutions
- 7.25.4 Asysco Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.25.5 Asysco Recent Developments
- 7.26 Expersolve
- 7.26.1 Expersolve Profile
- 7.26.2 Expersolve Main Business
- 7.26.3 Expersolve Application Modernization and Application Transformation Products, Services and Solutions
- 7.26.4 Expersolve Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.26.5 Expersolve Recent Developments
- 7.27 Metaware (Inetum)
- 7.27.1 Metaware (Inetum) Profile
- 7.27.2 Metaware (Inetum) Main Business
- 7.27.3 Metaware (Inetum) Application Modernization and Application Transformation Products, Services and Solutions
- 7.27.4 Metaware (Inetum) Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.27.5 Metaware (Inetum) Recent Developments
- 7.28 MOST Technologies
- 7.28.1 MOST Technologies Profile
- 7.28.2 MOST Technologies Main Business
- 7.28.3 MOST Technologies Application Modernization and Application Transformation Products, Services and Solutions
- 7.28.4 MOST Technologies Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.28.5 MOST Technologies Recent Developments
- 7.29 Freesoft
- 7.29.1 Freesoft Profile
- 7.29.2 Freesoft Main Business
- 7.29.3 Freesoft Application Modernization and Application Transformation Products, Services and Solutions
- 7.29.4 Freesoft Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.29.5 Freesoft Recent Developments
- 7.30 Language Portability Solutions
- 7.30.1 Language Portability Solutions Profile
- 7.30.2 Language Portability Solutions Main Business
- 7.30.3 Language Portability Solutions Application Modernization and Application Transformation Products, Services and Solutions
- 7.30.4 Language Portability Solutions Application Modernization and Application Transformation Revenue (US$ Million) & (2020-2025)
- 7.30.5 Language Portability Solutions Recent Developments
8 Industry Chain Analysis
- 8.1 Application Modernization and Application Transformation Industrial Chain
- 8.2 Application Modernization and Application Transformation Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Application Modernization and Application Transformation Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Application Modernization and Application Transformation Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer