Report Detail
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)
- RnM3806328 |
- 07 October, 2019 |
- Global |
- 140 Pages |
- The Insight Partners |
- Other
Europe application modernization tools market 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. Rapidly modernizing security threats in the coming years is expected to raise its capability to hastily analyze a large amount of data with the help of disruptive technologies like artificial intelligence (AI). The ability of AI and analytics to provide quick mathematical calculations to augment the vital abilities of human intelligence is anticipated to generate the growth opportunity for the application modernization tools market shortly.
AI has proven to be extensively worthy of threat detection as it can detect anomalies, patterns, and outliers more effortlessly and even with a less skilled workforce. Several application modernization service providers have already initiated research & development for the implementation of AI along with their modernization services. In the forthcoming years as the end-users’ expectation regarding user behavior and threat detection capabilities increases, the collaboration of existing application modernization tools with advanced analytical technologies is expected to drive remarkable growth through the value chain of application modernization tools market. The application modernization tools market is highly competitive with the presence of some of the well-established players as-well-as small players operating in the market.
The Europe application modernization tools market by product type is segmented into the COBOL, ADA, RPG, assembler, PowerBuilder, and others. The rising demand for web services and a surge in working with XML data from a range of sources are boosting the need for RPG applications. The web services client using C++ toolkit externally define the data structures to map between the elements of fields operational by RPG applications as well as XML documents. With the growing advancements in technology, many organizations have shifted their focus on introducing multiple evolved RPG versions in their application inventory for coding, which makes these applications monolithic and challenging to maintain. For instance, Infosys enables its customers to upgrade the old version of RPG inventory with new, optimized, free, and modular integrated language environment (ILE). Similarly, IBM also introduced its ILE to compile the coding as a program and modules. Furthermore, IBM and other market players stopped supporting RPG versions older than RPG IV. COBOL holds a significant share of Europe application modernization market and is expected to grow at a high growth rate.
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 Europe application modernization tools market. It also provides an overview and forecast for the Europe application modernization tools market based on all the segmentation provided for the Europe region. 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 Europe application modernization tools industry. Some of the players present in Europe application modernization tools market are Advanced Computer Software Group Limited, Aspire Systems, Asysco, Atos SE, Blu Age, Deloitte Touche Tohmatsu Limited, FreeSoft, Inc., Micro Focus, Mphasis Limited, and Software Mining.
TABLE OF CONTENTS
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
- 9.1.1 Europe Application Modernization Tool Market Breakdown, By Country
Summary:
Get latest Market Research Reports on Europe Application Modernization Tools . Industry analysis & Market Report on Europe Application Modernization Tools is a syndicated market report, published as 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). It is complete Research Study and Industry Analysis of Europe Application Modernization Tools market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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