Analysis and Forecasts by Product Type (COBOL, ADA, RPG, Assembler, PowerBuilder, Others); Application (Emulation, Translation, Business Rules Extraction)
No. of Pages:140
Report Code:
TIPRE00006673
Category:
Technology, Media and Telecommunications
Europe application modernization tools market in is expected to grow from US$ 1.87 Bn in 2018 to US$ 9.91 Bn by the year 2027. This represents a CAGR of 20.6% from the year 2018 to 2027.
The application modernization services offer application code conversion, enhance the user experience, integration & automation, and others. Enterprises across the globe are engaged in application modernization initiatives to stay ahead in the competitive market. The application modernization is driven by digital transformation initiative across the industries. With the implementation of stringent regulatory compliances, enterprises must upgrade its application and legacy based on the compliances & standards. Regulations such as GDPR and PCI DSS are playing a vital role in the application modernization market. Enterprises are modernizing its legacy to make competitive differentiation.
Healthcare and BFSI sector is profoundly impacted by the standards and regulations set by the various government bodies. Enterprises must upgrade its business rules as per the regulations. These regulations are making it mandatory for enterprises to modernize their applications. The stringent regulatory compliances are significantly driving the application modernization tools market during the forecast period.
Currently, Germany is dominating the application modernization tools market in terms of adoption, which in turn boost the demand for application modernization tools market. Germany is a highly industrialized country, and its economically leading industries include chemicals, automotive, electronics, and food & beverages. Through its economic and innovation policies, the country focuses on the digital economy; digital infrastructure; innovative public administration; digital workplaces; digital environments in society, science, research, education, security, protection, culture, and media; and European and international dimension of the Digital Agenda. Also, Germany is a significant FinTech market in Europe and the fourth-largest in the world. On the back of such developed ICT and FinTech sector, the demand for application modernization tools is anticipated to flourish during the forecast period. The figure given below highlights the revenue share of Rest of Europe in the Europe application modernization tools market in the forecast period:
Exhibit: Rest of Europe in Europe Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)
EUROPE APPLICATION MODERNIZATION TOOLS MARKET - SEGMENTATION
Europe Application Modernization Tools Market by Product Type
COBOL
ADA
RPG
Assembler
PowerBuilder
Others
Europe Application Modernization Tools Market by Application
Emulation
Translation
Business Rules Extraction
Europe Application Modernization Tools Market by Country
Germany
UK
France
Russia
Italy
Rest of Europe
Europe Application Modernization Tools Companies Mentioned
Advanced Computer Software Group Limited
Aspire Systems
Asysco
Atos SE
Blu Age
Deloitte Touche Tohmatsu Limited
FreeSoft
Micro Focus
Mphasis
Software Mining
Europe Application Modernization Tools Market Strategic Insights
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Europe Application Modernization Tools Market Segmentation Analysis
Europe Application Modernization Tools Market Report Highlights
Europe Application Modernization Tools Report Scope
Report Attribute
Details
Market size in 2018
US$ 1.87 Billion
Market Size by 2027
US$ 9.91 Billion
CAGR (2018 - 2027)
20.6%
Historical Data
2016-2017
Forecast period
2019-2027
Segments Covered
By Product Type
COBOL
ADA
RPG
Assembler
PowerBuilder
By Application
Emulation
Translation
Business Rules Extraction
Regions and Countries Covered
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Market leaders and key company profiles
Advanced Computer Software Group Limited
Aspire Systems
Asysco
Atos SE
Blu Age
Deloitte Touche Tohmatsu Limited
FreeSoft
Micro Focus
Mphasis
Software Mining.
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Europe Application Modernization Tools Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the Europe Application Modernization Tools Market?
The Europe Application Modernization Tools Market is valued at US$ 1.87 Billion in 2018, it is projected to reach US$ 9.91 Billion by 2027.
What is the CAGR for Europe Application Modernization Tools Market by (2018 - 2027)?
As per our report Europe Application Modernization Tools Market, the market size is valued at US$ 1.87 Billion in 2018, projecting it to reach US$ 9.91 Billion by 2027. This translates to a CAGR of approximately 20.6% during the forecast period.
What segments are covered in this report?
The Europe Application Modernization Tools Market report typically cover these key segments-
Product Type (COBOL, ADA, RPG, Assembler, PowerBuilder)
Application (Emulation, Translation, Business Rules Extraction)
What is the historic period, base year, and forecast period taken for Europe Application Modernization Tools Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Application Modernization Tools Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in Europe Application Modernization Tools Market?
The Europe Application Modernization Tools Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Advanced Computer Software Group Limited
Aspire Systems
Asysco
Atos SE
Blu Age
Deloitte Touche Tohmatsu Limited
FreeSoft
Micro Focus
Mphasis
Software Mining.
Who should buy this report?
The Europe Application Modernization Tools Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Europe Application Modernization Tools Market value chain can benefit from the information contained in a comprehensive market report.
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