ICT & Media

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)

  • THE3276255
  • 173 Pages
  • September 2019
  • ICT & Media
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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.

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. 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

LIST OF TABLES

Table 1. Global Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2. Global Application Modernization Tool Market Revenue and Forecast to 2027, By Geography (US$ Mn)

Table 3. North America Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 4. North America Application Modernization Tool Market Revenue and Forecast To 2027 - By Application (US$ Mn)

Table 5. North America Application Modernization Tool Market Revenue and Forecast to 2027 - By Country (US$ Mn)

Table 6. US Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 7. US Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 8. Canada Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 9. Canada Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 10. Mexico Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 11. Mexico Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 12. Europe Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 13. Europe Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 14. Germany Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 15. Germany Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 16. UK Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 17. UK Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 18. France Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 19. France Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 20. Italy Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 21. Italy Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 22. Russia Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 23. Russia Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 24. Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 - By Product Type (US$ Mn)

Table 25. Rest of Europe Application Modernization Tool Market Revenue and Forecast To 2027 - By Application (US$ Mn)

Table 26. APAC Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 27. APAC Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 28. China Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 29. China Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 30. Japan Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 31. Japan Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 32. India Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 33. India Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 34. South Korea Application Modernization Tool Market Revenue and Forecast To 2027 - By Product Type (US$ Mn)

Table 35. South Korea Application Modernization Tool Market Revenue and Forecast To 2027 - By Application (US$ Mn)

Table 36. Australia Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 37. Australia Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 38. Rest of APAC Application Modernization Tool Market Revenue and Forecast To 2027 - By Product Type (US$ Mn)

Table 39. Rest of APAC Application Modernization Tool Market Revenue and Forecast To 2027 - By Application (US$ Mn)

Table 40. MEA Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 41. MEA Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 42. UAE Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 43. UAE Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 44. Saudi Arabia Application Modernization Tool Market Revenue and Forecast To 2027 - By Product Type (US$ Mn)

Table 45. Saudi Arabia Application Modernization Tool Market Revenue and Forecast To 2027 - By Application (US$ Mn)

Table 46. South Africa Application Modernization Tool Market Revenue and Forecast To 2027 - By Product Type (US$ Mn)

Table 47. South Africa Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 48. Rest of MEA Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 49. Rest of MEA Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 50. South America Application Modernization Tool Market Revenue and Forecast To 2027 - By Product Type (US$ Mn)

Table 51. South America Application Modernization Tool Market Revenue and Forecast To 2027 - By Application (US$ Mn)

Table 52. Brazil Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 53. Brazil Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 54. Argentina Application Modernization Tool Market Revenue and Forecast to 2027 - By Product Type (US$ Mn)

Table 55. Argentina Application Modernization Tool Market Revenue and Forecast to 2027 - By Application (US$ Mn)

Table 56. Rest of South America Application Modernization Tool Market Revenue and Forecast To 2027 - By Product Type (US$ Mn)

Table 57. Rest of South America Application Modernization Tool Market Revenue and Forecast To 2027 - By Application (US$ Mn)

Table 58. Glossary of Term: Application Modernization Tools Market

 
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