The Application Modernization Tools Market could be worth US$ 36.86 Billion by 2027, says The Insight Partners

Application Modernization Tools Market to 2027 - Global Analysis and Forecasts by Product Type (COBOL, ADA, RPG, Assembler, PowerBuilder, and Others); Application (Emulation, Translation, and Business Rules Extraction)

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.

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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

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.

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GLOBAL APPLICATION MODERNIZATION TOOLS – MARKET SEGMENTATION

By Product Type:

·        COBOL

·        ADA

·        RPG

·        Assembler

·        PowerBuilder

·        Others

By Application:

·        Emulation

·        Translation

·        Business Rules Extraction

Companies Profiled in this report includes:

·        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

Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Application Modernization Tools market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

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