PUNE, India, October 13, 2017 /PRNewswire/ --

According to a new research report "Application Modernization Services Market by Service (Application Portfolio Assessment, Cloud Application Migration, Application Replatforming, Application Integration, UI Modernization), Organization Size, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market size is expected to grow from USD 6.87 Billion in 2017 to USD 16.67 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 19.4% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 37 Market Data Tables and 32 Figures spread through 119 Pages and in-depth TOC on "Application Modernization Services Market"

http://www.marketsandmarkets.com/Market-Reports/application-modernization-services-market-149625724.html

Early buyers will receive 10% customization on this report 

The major driver of the Application Modernization Services Market is the growing need for business agility and faster time to market, leveraging big data technologies, and adopting cloud computing in the application modernization strategy, leading to increased deployment of application modernization services.

Application integration service is expected to have the largest market share during the forecast period 

The application integration service is expected to have the largest market share during the forecast period, owing to the growing need for integrating the existing legacy applications and databases with new applications, which exploit the internet, eCommerce, extranet, and other new technologies. The application integration service helps enterprises optimize their IT landscapes, gain business agility, and easily access data from devices and social channels.

Request Report Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=149625724

SMEs segment is expected to grow at the fastest rate during the forecast period 

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at the fastest rate during the forecast period, owing to the high adoption of the lift-and-shift migration strategy, which enables their businesses to scale and grow faster. SMEs have realized that immediate response, quick business decisions, and customer satisfaction are the most important features needed to expand businesses, generate revenues, and ensure desired outcomes.

Make an Enquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=149625724

North America is expected to hold the largest market share during the forecast period 

As per the geographic analysis, North America is expected to hold the largest market share during the forecast period. This is due to the presence of a large number of application service providers, early start of the application modernization projects, and high adoption rate of emerging technologies, such as big data and cloud computing. North America constitutes developed economies, such as the US and Canada. These countries are significantly advanced in terms of technology and application deployments.

The major vendors covered in the Application Modernization Services Market   include Accenture (Republic of Ireland), Asysco (Netherlands), Atos (France), Bell Integrator (US), Capgemini (UK), Cognizant (US), Fujitsu (Japan), HCL (India), IBM (US), Macrosoft Inc. (US), Micro Focus (US), Oracle (US), Tech Mahindra (India), and UST Global (US).

Browse Related Reports 

Digital Transformation Market by Component (Solution (Cloud Computing, Big Data & Analytics, Mobility, Disruptive Technologies, and Social Media) and Service), End User, Deployment Type (On-premise and Cloud), Vertical, and Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/digital-transformation-market-43010479.html

API Testing Market by Component (API Testing Software/Tools and API Testing Services), Deployment Type (Cloud Based and On-Premises), Vertical, and Region - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/api-testing-market-227082545.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets