This report identifies key demand-side trends in the application modernization services space, helping enterprises fine-tune their application modernization strategies. It provides an overview of key trends and enterprise challenges that Avasant sees as important to be in this space.
Why read this Market Insights?
Growing demand for resilience and availability, the shift toward hybrid and multicloud strategies, and the emphasis on business-driven outcomes are requiring enterprises to modernize applications incrementally. The need for data integration and insights, improving compliance and security posture adds to the cause. Organizations are increasingly testing and using generative (Gen) AI in their application modernization initiatives. Gen AI is applied in use cases such as legacy code conversion, test case generation, and monolithic to microservices architecture transition. However, outdated technology stacks and architectures are constant challenges that demand multipronged modernization strategies involving the 6Rs. Additionally, inadequate organizational communication and poor governance processes can hinder the efforts.
The Application Modernization Services 2024 Market Insights™ report aids enterprises in identifying important market trends and challenges for any application modernization project that they take part in.
Methodology
The industry insights presented in this report are based on our ongoing interactions with enterprise CXOs and other key executives; targeted discussions with service providers, subject matter experts, and Avasant Fellows; analyst insights from primary and secondary research; and lessons learned from consulting engagements.
Table of contents
About the report (Page 3)
Executive summary (Pages 4–7)
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- Defining application modernization services
- Key enterprise application modernization services trends shaping the market
- Avasant recognizes 23 top-tier providers supporting the enterprise adoption of application modernization services
Demand-side trends (Pages 8–12)
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- Banking, healthcare and life sciences, and telecom, media and entertainment are leading the industry pack in terms of modernization initiatives.
- Enterprises are leveraging Gen AI for multiple use cases in solution development across the application life cycle.
- Enterprises are increasingly focusing on sustainable software development initiatives to achieve their net-zero goals.
- Legacy infrastructure, lack of governance, and ambiguity in strategy can derail modernization and migration plans
Key contacts (Pages 13)
Read the Research Byte based on this report. Please refer to Avasant’s Application Modernization Services 2024 RadarView™ for detailed insights on the service providers and supply-side trends.