Europe Application Modernization Tools Market to 2027 - Regional Analysis and Forecasts by Product Type (COBOL, ADA, RPG, Assembler, PowerBuilder, Others); Application (Emulation, Translation, Business Rules Extraction)
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:
Rest of Europe in Europe Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)
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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
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. Europe Application Modernization Tools Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 Europe PEST Analysis
5. Europe Application Modernization Tools Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Stringent regulatory compliances and growing need for its adherence
5.2 Key Market Restraints
5.2.1 High costs related to implementation and up gradation
5.3 Key Market Opportunities
5.3.1 Ease of implementation with other solutions
5.4 Future Trends
5.4.1 Adoption of technologies such as AI and Analytics to contribute to the market growth during the forecast period
5.5 Impact Analysis of Drivers and Restraints
6. Europe Application Modernization Tools Market –Market Analysis
6.1 Europe Application Modernization Tools Market Overview
6.2 Europe Application Modernization Tools Market Forecast and Analysis
7. Europe Application Modernization Tools Market – By Product Type
7.1 Overview
7.2 Europe Application Modernization Tools Market Breakdown, By Product Type, 2018 and 2027
7.3 COBOL
7.3.1 Overview
7.3.2 Europe COBOL Market, Revenue and Forecast to 2027 (US$ Mn)
7.4 ADA
7.4.1 Overview
7.4.2 Europe ADA Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 RPG
7.5.1 Overview
7.5.2 Europe RPG Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Assembler
7.6.1 Overview
7.6.2 Europe Assembler Market, Revenue and Forecast to 2027 (US$ Mn)
7.7 PowerBuilder
7.7.1 Overview
7.7.2 Europe PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)
7.8 Other
7.8.1 Overview
7.8.2 Europe Other Market, Revenue and Forecast to 2027 (US$ Mn)
8. Europe Application Modernization Tools Market – By Application
8.1 Overview
8.2 Europe 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 Europe Translation Market, Revenue and Forecast to 2027 (US$ Mn)
8.5 Business Rules Extraction
8.5.1 Overview
8.5.2 Europe Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)
9. Europe Application Modernization Tool Market – Country Analysis
9.1 Overview
9.1.1 Europe Application Modernization Tool Market Breakdown, By Country
9.1.1.1 Germany Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
9.1.1.1.1 Germany Application Modernization Tool Market Breakdown, By Product Type
9.1.1.1.2 Germany Application Modernization Tool Market Breakdown, By Application
9.1.1.2 UK Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
9.1.1.2.1 UK Application Modernization Tool Market Breakdown, By Product Type
9.1.1.2.2 UK Application Modernization Tool Market Breakdown, By Application
9.1.1.3 France Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
9.1.1.3.1 France Application Modernization Tool Market Breakdown, By Product Type
9.1.1.3.2 France Application Modernization Tool Market Breakdown, By Application
9.1.1.4 Italy Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
9.1.1.4.1 Italy Application Modernization Tool Market Breakdown, By Product Type
9.1.1.4.2 Italy Application Modernization Tool Market Breakdown, By Application
9.1.1.5 Russia Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
9.1.1.5.1 Russia Application Modernization Tool Market Breakdown, By Product Type
9.1.1.5.2 Russia Application Modernization Tool Market Breakdown, By Application
9.1.1.6 Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
9.1.1.6.1 Rest of Europe Application Modernization Tool Market Breakdown, By Product Type
9.1.1.6.2 Rest of Europe 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 Micro Focus International plc.
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 Mphasis Limited
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 SoftwareMining Technologies
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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 3. Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 4. Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Key Countries (US$ Mn)
Table 5. Germany Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 6. Germany Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 7. UK Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 8. UK Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 9. France Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 10. France Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 11. Italy Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 12. Italy Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 13. Russia Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 14. Russia Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 15. Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 16. Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 17. Glossary of Term: Application Modernization Tools Market
LIST OF FIGURES
Figure 1. Europe Application Modernization Tools Market Segmentation
Figure 2. Europe Application Modernization Tools Market Segmentation – By Country
Figure 3. Europe Application Modernization Tools Market - Competitive Scenario
Figure 4. Europe Application Modernization Tools Market, By Product Type
Figure 5. Application Modernization Tools Market, By Application
Figure 6. Europe Application Modernization Tools Market Overview
Figure 7. Application Modernization Tools Market Ecosystem Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Europe Application Modernization Tools Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Application Modernization Tools Market Forecast and Analysis, (US$ Mn)
Figure 11. Europe Application Modernization Tools Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 12. Europe COBOL Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 13. Europe ADA Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 14. Europe RPG Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Europe Assembler Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Europe PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Europe Other Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Europe Application Modernization Tools Market Breakdown, By Application, 2018 & 2027 (%)
Figure 19. Europe Emulation Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Europe Translation Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Europe Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 22. Europe Application Modernization Tool Market Breakdown, By Country, 2018 & 2027(%)
Figure 23. Germany Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
Figure 24. UK Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
Figure 25. France Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
Figure 26. Italy Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
Figure 27. Russia Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
Figure 28. Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 (US$ Mn)
The List of Companies
- Advanced Computer Software Group Limited
- Aspire Systems
- Asysco
- Atos SE
- Blu Age
- Deloitte Touche Tohmatsu Limited
- FreeSoft
- Micro Focus
- Mphasis
- Software Mining.
- Save and reduce time carrying out entrylevel research by identifying the growth, size, leading players and segments in the Europe Application modernization tools market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Europe Application modernization tools market, thereby allowing players across the value chain to develop effective longterm strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize indepth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decisionmaking process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.