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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)

RnM3806314
07 October, 2019
Global
173 Pages
The Insight Partners
Other

The global application modernization tools market was valued at US$ 8.04 Bn in 2018 and is expected to reach US$ 36.86 Bn by 2027 with a CAGR growth rate of 18.7% in the forecast period from 2019 to 2027. Growing digitization and positive economic outlook are some of the major macroeconomic factors driving the growth of the application modernization tools market. Further, rigorous spending on improving the infrastructure across the globe and the increasing adoption of cloud computing technologies are also expected to drive the global market. Also, factors including economic growth, technological innovations, and IT spending influence application modernization tools market.

Geographically, North America held the majority revenue share of the application modernization tools market in the year 2018, and it is expected to continue its dominance during the forecast period. Developed IT Infrastructure, a huge number of enterprises and presence of some of the fastest potential countries such as the U.S and Canada are some of the major factors driving the growth of application modernization tools market in this region. In 2018, Europe and the Asia Pacific held the second and third position in the global application modernization tools market. The other growing regions, such as the Middle East, Africa, and South America, are anticipated to offer significant growth opportunities for application modernization tools market players during the forecast period from 2019 to 2027.

The application modernization tools market is segmented on product type and application. Based on the product type, the application modernization tools market is segmented into COBOL, ADA, RPG, assembler, PowerBuilder, and others. Based on the application, the application modernization tools market is segmented into emulation, translation, and business rules extraction. The business rules extraction segment of the application modernization tools market is anticipated to experience exponential growth during the forecast period. The business rule extraction follows a particular process for each program in the legacy system, including recognition of use cases in the program, classifying the business logic in the program, identifying the business-relevant conditions, categorizing fragments considered as independent rule sets, and converting each fragment to a set of business rules. The business rule extraction offers output in several formats such as UML artifacts, which includes class diagrams and use cases, activity diagrams, standard office documents namely: Word and Excel, Visio, to convert into programmable formats such as SQL, DDL, and XML. This process uses a tool that features the legacy language to consolidate business logic into business processes and rules. It also exports the business processes and regulations to modern platforms.

Some of the key players in the application modernization tools market include Advanced Computer Software Group Limited, Aspire Systems, Asysco, Atos SE, Blu Age, Deloitte Touche Tohmatsu Limited, FreeSoft, Inc., Language Portability Solutions, Micro Focus, Mphasis Limited, Semantic Designs Incorporated, Software Mining, The Software Revolution Inc. (TSRI), and Virtusa Corporation. Many well-known as well as application modernization tool solutions providers are present in the market to provide application modernization tool to their customers. The larger firms are adopting the strategy of acquiring and collaborating with various companies to enhance its capabilities and expand its footprint in different geographies.

The overall application modernization tools market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the application modernization tools market. It also provides the overview and forecast for the global application modernization tools market based on all the segmentation provided concerning five primary reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the application modernization tools industry.

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. Application Modernization Tools Market Landscape

4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
- 4.3.1 North America PEST Analysis
- 4.3.2 Europe PEST Analysis
- 4.3.3 Asia Pacific PEST Analysis
- 4.3.4 Middle East & Africa PEST Analysis
- 4.3.5 South America PEST Analysis

5. Application Modernization Tools Market - Key Industry Dynamics

5.1 Key Market Drivers
- 5.1.1 Increasing digital transformation across the industries are positively impacting application modernization market
- 5.1.2 Stringent regulatory compliances and growing need for its adherence
5.2 Key Market Restraints
- 5.2.1 High upfront costs involved in implementation and up gradation
5.3 Key Market Opportunities
- 5.3.1 High degree of integration with other solutions
5.4 Future Trends
- 5.4.1 Artificial intelligence and analytics is expected to contribute to the market growth during the forecast period
5.5 Impact Analysis of Drivers and Restraints

6. Application Modernization Tools Market - Global Market Analysis

6.1 Global Application Modernization Tools Market Overview
6.2 Global Application Modernization Tools Market Forecast and Analysis
6.3 Market Positioning- Top Five Players

7. Application Modernization Tools Market - By Product Type

7.1 Overview
7.2 Application Modernization Tools Market Breakdown, By Product Type, 2018 and 2027
7.3 COBOL
- 7.3.1 Overview
- 7.3.2 COBOL Market, Revenue and Forecast to 2027 (US$ Mn)
7.4 ADA
- 7.4.1 Overview
- 7.4.2 ADA Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 RPG
- 7.5.1 Overview
- 7.5.2 RPG Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Assembler
- 7.6.1 Overview
- 7.6.2 Assembler Market, Revenue and Forecast to 2027 (US$ Mn)
7.7 PowerBuilder
- 7.7.1 Overview
- 7.7.2 PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)
7.8 Other
- 7.8.1 Overview
- 7.8.2 Other Market, Revenue and Forecast to 2027 (US$ Mn)

8. Application Modernization Tools Market - By Application

8.1 Overview
8.2 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 Translation Market, Revenue and Forecast to 2027 (US$ Mn)
8.5 Business Rules Extraction
- 8.5.1 Overview
- 8.5.2 Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)

9. Global Application Modernization Tool Market - Geographic Analysis

9.1 Overview
9.2 North America Application Modernization Tool Market Revenue and Forecast to 2027
- 9.2.1 Overview
- 9.2.2 North America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
- 9.2.3 North America Application Modernization Tool Market Breakdown, By Product Type
- 9.2.4 North America Application Modernization Tool Market Breakdown, By Application
- 9.2.5 North America Application Modernization Tool Market Breakdown, By Country
  - 9.2.5.1 US Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
  - 9.2.5.1.1 US Application Modernization Tool Market Breakdown, By Product Type
  - 9.2.5.1.2 US Application Modernization Tool Market Breakdown, By Application
  - 9.2.5.2 Canada Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
  - 9.2.5.2.1 Canada Application Modernization Tool Market Breakdown, By Product Type
  - 9.2.5.2.2 Canada Application Modernization Tool Market Breakdown, By Application
  - 9.2.5.3 Mexico Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
  - 9.2.5.3.1 Mexico Application Modernization Tool Market Breakdown, By Product Type
  - 9.2.5.3.2 Mexico Application Modernization Tool Market Breakdown, By Application
  - 9.3 Europe Application Modernization Tool Market Revenue and Forecast to 2027
    - 9.3.1 Overview
    - 9.3.2 Europe Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
    - 9.3.3 Europe Application Modernization Tool Market Breakdown, By Product Type
    - 9.3.4 Europe Application Modernization Tool Market Breakdown, By Application
    - 9.3.5 Europe Application Modernization Tool Market Breakdown, By Country
      - 9.3.5.1 Germany Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
      - 9.3.5.1.1 Germany Application Modernization Tool Market Breakdown, By Product Type
      - 9.3.5.1.2 Germany Application Modernization Tool Market Breakdown, By Application
      - 9.3.5.2 UK Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
      - 9.3.5.2.1 UK Application Modernization Tool Market Breakdown, By Product Type
      - 9.3.5.2.2 UK Application Modernization Tool Market Breakdown, By Application
      - 9.3.5.3 France Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
      - 9.3.5.3.1 France Application Modernization Tool Market Breakdown, By Product Type
      - 9.3.5.3.2 France Application Modernization Tool Market Breakdown, By Application
      - 9.3.5.4 Italy Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
      - 9.3.5.4.1 Italy Application Modernization Tool Market Breakdown, By Product Type
      - 9.3.5.4.2 Italy Application Modernization Tool Market Breakdown, By Application
      - 9.3.5.5 Russia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
      - 9.3.5.5.1 Russia Application Modernization Tool Market Breakdown, By Product Type
      - 9.3.5.5.2 Russia Application Modernization Tool Market Breakdown, By Application
      - 9.3.5.6 Rest of Europe Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
      - 9.3.5.6.1 Rest of Europe Application Modernization Tool Market Breakdown, By Product Type
      - 9.3.5.6.2 Rest of Europe Application Modernization Tool Market Breakdown, By Application
      - 9.4 APAC Application Modernization Tool Market Revenue and Forecast to 2027
        9.4.1 Overview
        9.4.2 APAC Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.4.3 APAC Application Modernization Tool Market Breakdown, By Product Type
        9.4.4 APAC Application Modernization Tool Market Breakdown, By Application
        9.4.5 APAC Application Modernization Tool Market Breakdown, By Country
        9.4.5.1 China Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.4.5.1.1 China Application Modernization Tool Market Breakdown, By Product Type
        9.4.5.1.2 China Application Modernization Tool Market Breakdown, By Application
        9.4.5.2 Japan Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.4.5.2.1 Japan Application Modernization Tool Market Breakdown, By Product Type
        9.4.5.2.2 Japan Application Modernization Tool Market Breakdown, By Application
        9.4.5.3 India Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.4.5.3.1 India Application Modernization Tool Market Breakdown, By Product Type
        9.4.5.3.2 India Application Modernization Tool Market Breakdown, By Application
        9.4.5.4 South Korea Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.4.5.4.1 South Korea Application Modernization Tool Market Breakdown, By Product Type
        9.4.5.4.2 South Korea Application Modernization Tool Market Breakdown, By Application
        9.4.5.5 Australia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.4.5.5.1 Australia Application Modernization Tool Market Breakdown, By Product Type
        9.4.5.5.2 Australia Application Modernization Tool Market Breakdown, By Application
        9.4.5.6 Rest of APAC Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.4.5.6.1 Rest of APAC Application Modernization Tool Market Breakdown, By Product Type
        9.4.5.6.2 Rest of APAC Application Modernization Tool Market Breakdown, By Application
        9.5 MEA Application Modernization Tool Market Revenue and Forecast to 2027
        9.5.1 Overview
        9.5.2 MEA Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.5.3 MEA Application Modernization Tool Market Breakdown, By Product Type
        9.5.4 MEA Application Modernization Tool Market Breakdown, By Application
        9.5.5 MEA Application Modernization Tool Market Breakdown, By Country
        9.5.5.1 UAE Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.5.5.1.1 UAE Application Modernization Tool Market Breakdown, By Product Type
        9.5.5.1.2 UAE Application Modernization Tool Market Breakdown, By Application
        9.5.5.2 Saudi Arabia Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.5.5.2.1 Saudi Arabia Application Modernization Tool Market Breakdown, By Product Type
        9.5.5.2.2 Saudi Arabia Application Modernization Tool Market Breakdown, By Application
        9.5.5.3 South Africa Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.5.5.3.1 South Africa Application Modernization Tool Market Breakdown, By Product Type
        9.5.5.3.2 South Africa Application Modernization Tool Market Breakdown, By Application
        9.5.5.4 Rest of MEA Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.5.5.4.1 Rest of MEA Application Modernization Tool Market Breakdown, By Product Type
        9.5.5.4.2 Rest of MEA Application Modernization Tool Market Breakdown, By Application
        9.6 South America Application Modernization Tool Market Revenue and Forecast to 2027
        9.6.1 Overview
        9.6.2 South America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.6.3 South America Application Modernization Tool Market Breakdown, By Product Type
        9.6.4 South America Application Modernization Tool Market Breakdown, By Application
        9.6.5 South America Application Modernization Tool Market Breakdown, By Country
        9.6.5.1 Brazil Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.6.5.1.1 Brazil Application Modernization Tool Market Breakdown, By Product Type
        9.6.5.1.2 Brazil Application Modernization Tool Market Breakdown, By Application
        9.6.5.2 Argentina Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.6.5.2.1 Argentina Application Modernization Tool Market Breakdown, By Product Type
        9.6.5.2.2 Argentina Application Modernization Tool Market Breakdown, By Application
        9.6.5.3 Rest of South America Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
        9.6.5.3.1 Rest of South America Application Modernization Tool Market Breakdown, By Product Type
        9.6.5.3.2 Rest of South America 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 Language Portability Solutions
        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 Micro Focus International plc.
        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 Mphasis Limited
        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
        11.11 Semantic Designs, Incorporated
        11.11.1 Key Facts
        11.11.2 Business Description
        11.11.3 Products and Services
        11.11.4 Financial Overview
        11.11.5 SWOT Analysis
        11.11.6 Key Developments
        11.12 SoftwareMining Technologies
        11.12.1 Key Facts
        11.12.2 Business Description
        11.12.3 Products and Services
        11.12.4 Financial Overview
        11.12.5 SWOT Analysis
        11.12.6 Key Developments
        11.13 The Software Revolution Inc. (TSRI)
        11.13.1 Key Facts
        11.13.2 Business Description
        11.13.3 Products and Services
        11.13.4 Financial Overview
        11.13.5 SWOT Analysis
        11.14 Virtusa Corporation
        11.14.1 Key Facts
        11.14.2 Business Description
        11.14.3 Products and Services
        11.14.4 Financial Overview
        11.14.5 SWOT Analysis
        11.14.6 Key Developments
        12. Appendix
        12.1 About The Insight Partners
        12.2 Glossary of Terms

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Summary:
Get latest Market Research Reports on Application Modernization Tools . Industry analysis & Market Report on Application Modernization Tools is a syndicated market report, published as 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). It is complete Research Study and Industry Analysis of Application Modernization Tools market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

Last updated on 07 October, 2019

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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)

Table Of Content

TABLE OF CONTENTS

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Application Modernization Tools Market Landscape

5. Application Modernization Tools Market - Key Industry Dynamics

6. Application Modernization Tools Market - Global Market Analysis

7. Application Modernization Tools Market - By Product Type

8. Application Modernization Tools Market - By Application

9. Global Application Modernization Tool Market - Geographic Analysis

10. Application Modernization Tools Market - Industry Landscape

11. Application Modernization Tools Market- Company Profiles

12. Appendix

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