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The Europe Application Modernization Services Market would witness market growth of 17% CAGR during the forecast period (2017 - 2023). Application modernization services are used to migrate legacy to applications or platforms. The system is used in the integration of new functionalities in the pursuit of offering the latest functions to the business.
The growth is attributed to the growing to integrate existing legacy applications and databases with new applications, to exploit the potential of the internet, eCommerce, extranet, and other new technologies. The legacy applications are not updated with the latest technologies; therefore, modernization services are used to update legacy platforms which lead to required scalability and flexibility for faster application development.
Based on Services, the market report segments the market into Application Integration, Application Replatforming, Application Portfolio Assessment, Cloud Application Migration, and Modernization. Based on Organization Size, the market report segments the market into Small & Medium Enterprises and Large Enterprises.
Based on Verticals, the market report segments the market into BFSI, Telecom & IT, Government, Healthcare, Manufacturing, Retail, and Others Based on Countries, the Europe Application Modernization Services market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stakeholders of the Europe Application Modernization Services Market. Key companies profiled in the report include Atos, Accenture Plc., Cognizant, Hewlett Packard Enterprise (HPE) Company, Fujitsu Limited, IBM Corporation, Oracle Corporation, Macrosoft Inc., Micro Focus, and Asysco.