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Asia Pacific Mainframe Modernization Services Market By Type (Application Modernization, Cloud Migration, Data Modernization, Integration Services, Consulting Services); By Deployment Mode (On-premises, Cloud-based); By End-User (Banking, Financial Services, and Insurance (BFSI), Healthcare, IT and Telecommunications, Retail and E-commerce, Others); By Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Asia Pacific Mainframe Modernization Services Market Size 2023	USD 5,232.89 million
TAsia Pacific Mainframe Modernization Services Market, CAGR	17.80%
Asia Pacific Mainframe Modernization Services Market Size 2032	USD 22,485.98 million

Market Overview

The Asia Pacific Mainframe Modernization Services Market is expected to grow from USD 5,232.89 million in 2023 to USD 22,485.98 million by 2032, at a CAGR of 17.80%.

The Asia Pacific mainframe modernization services market is driven by the increasing need for businesses to enhance operational efficiency, reduce costs, and improve customer experiences by modernizing legacy systems. As organizations seek to leverage emerging technologies like cloud computing, artificial intelligence, and big data analytics, the demand for mainframe modernization has surged. The growing pressure to comply with regulatory requirements and ensure robust cybersecurity is also pushing businesses to modernize their IT infrastructures. Additionally, the shift towards digital transformation and the need for faster, more agile systems are key factors fueling market growth. Trends such as the adoption of hybrid cloud environments, microservices architecture, and the integration of legacy systems with cloud platforms are reshaping the market. Furthermore, increasing investments in automation and AI-driven tools for mainframe modernization are helping companies streamline operations and drive innovation across various sectors.

The Asia Pacific mainframe modernization services market is driven by key players across the region, including TCS, Infosys, Wipro Limited, HCL Technologies, Accenture, IBM Asia Pacific, Fujitsu, Tech Mahindra, Cognizant Asia Pacific, and Capgemini Asia Pacific. These companies play a crucial role in providing tailored modernization solutions to businesses looking to upgrade their legacy systems. Geographically, the market is dominated by developed nations such as China, Japan, and South Korea, where digital transformation is rapidly accelerating across various industries. India, Australia, and Southeast Asian countries like Malaysia, Indonesia, and Vietnam are also emerging as significant markets due to their expanding IT sectors and increasing adoption of cloud-based and hybrid solutions. Key players in these regions are focusing on delivering industry-specific modernization services, leveraging advanced technologies like AI, cloud computing, and automation to meet the unique needs of businesses in each market.

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Market Insights

The Asia Pacific mainframe modernization services market is valued at USD 5,232.89 million in 2023 and is expected to reach USD 22,485.98 million by 2032, growing at a CAGR of 17.80%.
Increasing demand for cost efficiency and operational agility is driving businesses to modernize legacy systems and integrate advanced technologies.
Technological advancements, such as AI, cloud computing, and automation, are reshaping the mainframe modernization services landscape, driving market growth.
The adoption of hybrid cloud environments and microservices is a significant trend in the region, enabling greater flexibility and scalability for organizations.
High initial costs and the complexity of legacy system integration are major challenges in the market, hindering faster adoption.
China, Japan, and India are leading the market, with rising demand from sectors like finance, IT, and manufacturing.
Key players like TCS, IBM, Accenture, and Infosys dominate the competitive landscape, focusing on offering tailored modernization solutions.

Market Drivers

Technological Advancements and Digital Transformation

The rapid pace of technological advancements is another key driver propelling the market. The adoption of cloud computing, artificial intelligence, and big data analytics is reshaping business models and IT infrastructures across Asia Pacific. For instance, the Asia-Pacific Digital Transformation Report 2024 by ESCAP highlights how digital transformations are structurally affecting business models and IT infrastructures in the region. Modern mainframe systems offer seamless integration with these emerging technologies, allowing businesses to take advantage of new capabilities. Organizations looking to stay competitive are increasingly investing in modernization initiatives to enable digital transformation, enhancing their ability to innovate and adapt to evolving market demands. This transition is not only improving operational performance but also enabling organizations to enhance customer experiences through real-time data analytics.

Regulatory Compliance and Security Concerns

Increased regulatory scrutiny and rising security concerns are also contributing to the growth of mainframe modernization services. As governments in Asia Pacific introduce stricter regulations around data privacy, cybersecurity, and digital transactions, businesses must ensure that their IT infrastructures comply with these evolving requirements. Older mainframe systems often lack the security features and flexibility needed to meet new compliance standards. Modernization services enable organizations to update their systems, incorporate advanced security features, and remain compliant with industry regulations, mitigating risks and avoiding costly penalties.

Shift to Hybrid Cloud and Microservices Architectures

The growing adoption of hybrid cloud environments and microservices architecture is driving demand for mainframe modernization in the region. Businesses are increasingly shifting to cloud-based platforms to improve scalability, flexibility, and reduce infrastructure costs. For instance, IBM’s Redbooks publication highlights the benefits of combining IBM Z mainframes with public cloud solutions to enhance business agility and reduce costs. However, legacy mainframes often create challenges in integrating with cloud environments. Modernization services help organizations transform their mainframe systems, making them compatible with cloud technologies and enabling smoother integration with microservices architectures. This transition is essential for organizations aiming to build more agile, scalable, and future-proof IT infrastructures.

Growing Need for Cost Efficiency and Operational Agility

One of the primary drivers of the Asia Pacific mainframe modernization services market is the increasing demand for cost efficiency and operational agility. As businesses in the region face growing pressures to optimize their operations, modernizing legacy systems offers a viable solution. Legacy mainframes are often expensive to maintain and upgrade, and their complexity limits agility. By transitioning to modern infrastructure, organizations can reduce operational costs, improve resource utilization, and enhance business responsiveness. This shift towards more efficient and flexible systems is fueling the demand for mainframe modernization services across industries.

Market Trends

Adoption of Hybrid Cloud Environments

A key trend driving the Asia Pacific mainframe modernization services market is the growing adoption of hybrid cloud environments. Organizations are increasingly opting for hybrid cloud strategies to balance the benefits of on-premises infrastructure with the scalability and flexibility offered by the cloud. Mainframe modernization services are evolving to facilitate seamless integration between legacy mainframe systems and cloud platforms, enabling businesses to migrate critical workloads while maintaining operational continuity. This trend is essential for businesses seeking to enhance their IT agility, reduce costs, and harness the full potential of cloud technologies.

Rise of Microservices and DevOps Adoption

The adoption of microservices and DevOps practices is transforming how organizations approach mainframe modernization. Microservices architectures enable businesses to break down legacy monolithic applications into smaller, more manageable services that can be deployed and scaled independently. For instance, the Asia-Pacific Cloud Microservices Platform market is witnessing robust growth, driven by the region’s rapid digital transformation and the increasing adoption of DevOps practices. This approach provides enhanced flexibility, agility, and the ability to innovate faster. As companies in the Asia Pacific region embrace DevOps methodologies to improve collaboration and streamline software development, modernization services are evolving to support these practices. The rise of microservices and DevOps is thus shaping the direction of mainframe modernization services in the region.

Integration of Artificial Intelligence and Automation

Another prominent trend is the integration of artificial intelligence (AI) and automation within mainframe modernization initiatives. AI-driven tools are increasingly being used to optimize the process of modernizing legacy systems, improving efficiency, and reducing human error. Automation technologies are also being employed to streamline operations, accelerate the transition to modern platforms, and enhance the performance of mainframe systems. As businesses seek to adopt more intelligent and self-optimizing IT environments, the use of AI and automation in mainframe modernization is becoming a key trend in the region, driving further advancements in the market.

Focus on Enhanced Cybersecurity and Compliance

With rising concerns over cybersecurity and compliance, there is an increasing focus on modernizing mainframe systems to enhance security and ensure regulatory compliance. Legacy mainframes are often vulnerable to modern cyber threats and may not meet current compliance standards. Mainframe modernization services are now placing a stronger emphasis on integrating advanced security features, such as encryption, multi-factor authentication, and real-time threat detection, to protect sensitive data. As regulatory requirements become more stringent across Asia Pacific, businesses are prioritizing security and compliance in their modernization efforts, further driving the growth of this market.

Market Challenges Analysis

High Initial Investment and Implementation Costs

One of the significant challenges facing the Asia Pacific mainframe modernization services market is the high initial investment and implementation costs. Modernizing legacy mainframe systems requires substantial financial resources, especially when migrating to advanced technologies like cloud platforms, AI, and automation. The transition often involves complex processes, including system redesign, data migration, and testing, which can be both time-consuming and costly. For instance, a report by Vertali highlights that many organizations in the region are moving off smaller mainframes to client/server environments to reduce costs and improve operational efficiency. Small and medium-sized enterprises (SMEs) in particular may face difficulties in securing the necessary capital to support such large-scale modernization projects. The cost of skilled professionals, advanced software tools, and infrastructure upgrades further adds to the financial burden. As a result, businesses may delay or limit their modernization efforts, impacting the overall market growth.

Complexity of Legacy System Integration and Migration

Another key challenge in the Asia Pacific market is the complexity involved in integrating and migrating legacy mainframe systems to modern platforms. Many organizations in the region still rely on outdated mainframes that are deeply embedded within their operations. The process of transitioning from these systems to more agile, cloud-based infrastructures can be highly complex, with risks of data loss, system downtime, or operational disruptions. Compatibility issues between legacy applications and modern technologies often require custom solutions, which can further complicate the migration process. Additionally, businesses must address the lack of skilled personnel with expertise in both legacy systems and new technologies, adding another layer of difficulty. These challenges create hesitancy among organizations, especially those with extensive legacy systems, to fully embrace modernization, slowing market progress.

Market Opportunities

Expansion of Cloud Adoption and Hybrid Environments

The rapid expansion of cloud adoption presents significant opportunities for the Asia Pacific mainframe modernization services market. As businesses increasingly move toward cloud-based platforms to enhance scalability, reduce operational costs, and improve flexibility, there is a growing need for mainframe modernization services to facilitate seamless migration. Modernization services can enable businesses to integrate their legacy systems with cloud environments, allowing them to take full advantage of hybrid cloud models. This shift opens up opportunities for service providers to offer tailored solutions that bridge the gap between traditional mainframes and modern cloud infrastructure. As organizations continue to embrace cloud technologies, there will be increased demand for expert services that ensure secure, efficient, and effective transitions.

Digital Transformation and Industry-Specific Solutions

Another significant opportunity lies in the broader trend of digital transformation across various industries in Asia Pacific. Sectors such as finance, healthcare, manufacturing, and retail are increasingly relying on digital technologies to improve customer experiences, streamline operations, and drive innovation. Mainframe modernization plays a critical role in enabling these industries to leverage emerging technologies like AI, big data analytics, and IoT. By offering industry-specific modernization solutions, service providers can address the unique challenges faced by each sector, creating tailored offerings that meet the specific needs of their clients. The growing emphasis on innovation and digital capabilities in these sectors presents a valuable opportunity for businesses in the mainframe modernization services market to expand their reach and cater to a diverse range of industries seeking modernization solutions.

Market Segmentation Analysis:

By Type:

The Asia Pacific mainframe modernization services market is segmented by type into application modernization, cloud migration, data modernization, integration services, and consulting services. Application modernization is a key segment, focusing on upgrading or replacing outdated legacy applications with modern, agile systems that can better integrate with emerging technologies. Cloud migration is also growing rapidly, as businesses move their mainframe workloads to cloud platforms to gain scalability, flexibility, and cost efficiency. Data modernization enables organizations to update their data management systems, ensuring compatibility with modern data analytics tools and cloud platforms. Integration services are essential for connecting legacy systems with newer technologies, ensuring seamless functionality across diverse IT environments. Consulting services assist businesses in navigating the complexities of mainframe modernization, providing expert guidance on strategy, technology selection, and implementation, helping to streamline the overall process.

By Deployment Mode:

In terms of deployment mode, the market is divided into on-premises and cloud-based solutions. On-premises deployments remain relevant for organizations with stringent data security and compliance requirements that prefer to keep critical workloads within their own infrastructure. However, cloud-based solutions are gaining traction, offering businesses the ability to scale more easily, reduce capital expenditures, and leverage the latest technologies. The shift toward hybrid cloud environments further accelerates the demand for cloud-based modernization services, as organizations look for flexible solutions that can operate across both on-premises and cloud platforms. This segmentation highlights the evolving preferences of businesses in the Asia Pacific region, as they seek more cost-effective, agile, and future-ready solutions for their mainframe systems.

Segments:

Based on Type:

Application Modernization
Cloud Migration
Data Modernization
Integration Services
Consulting Services

Based on Deployment Mode:

On-premises
Cloud-based

Based on End-User:

Banking, Financial Services, and Insurance (BFSI)
Healthcare
IT and Telecommunications
Retail and E-commerce
Others

Based on Organization Size:

Small and Medium Enterprises (SMEs)
Large Enterprises

Based on the Geography:

China
Japan
South Korea
India
Australia
Thailand
Indonesia
Vietnam
Malaysia
Philippines
Taiwan
Rest of Asia Pacific

Regional Analysis

China and Japan

China, with its rapidly expanding digital infrastructure and increasing demand for cloud migration, accounts for a substantial share of the market. As Chinese businesses continue to undergo digital transformation, mainframe modernization services are increasingly in demand to enhance efficiency and integrate emerging technologies. Japan, on the other hand, has a highly developed technological landscape, with a large number of organizations seeking to modernize their legacy mainframes to stay competitive. The strong focus on advanced technologies such as AI, cloud computing, and big data analytics in Japan further drives the need for modernization services. Combined, China and Japan contribute to over 50% of the market share in the region, making them the largest players in the Asia Pacific mainframe modernization services market.

South Korea and India
South Korea and India follow closely behind, with both countries witnessing rapid growth in mainframe modernization services. South Korea has a strong IT infrastructure, with an increasing emphasis on integrating advanced technologies and improving operational efficiency. The country’s well-established industries, particularly in finance and manufacturing, are driving demand for modernization services. India, with its vast IT services industry and booming digital transformation efforts, represents a growing market for mainframe modernization. The need to upgrade legacy systems in sectors such as banking, telecom, and government is driving the adoption of modernization services. Together, South Korea and India contribute around 25% of the regional market share, with India emerging as a key growth market due to its rapidly expanding IT sector and increasing investment in digital technologies.

Australia and Southeast Asia
Australia plays a significant role in the Asia Pacific market for mainframe modernization services, contributing around 10% of the market share. Australian organizations are increasingly seeking modernization services to enhance operational efficiency, support digital transformation, and improve cybersecurity. The growing adoption of cloud and hybrid cloud environments in Australia further fuels demand for mainframe modernization. Southeast Asian countries, including Thailand, Indonesia, Vietnam, Malaysia, and the Philippines, together contribute approximately 12% of the market share. These countries are gradually investing in modernization as part of their broader digital transformation strategies. The demand is particularly high in industries such as manufacturing, retail, and banking, where legacy systems need to be upgraded to improve business agility and support emerging technologies.

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Key Player Analysis

TCS
Infosys
Wipro Limited
HCL Technologies
Accenture
IBM Asia Pacific
Fujitsu
Tech Mahindra
Cognizant Asia Pacific
Capgemini Asia Pacific

Competitive Analysis

The competitive landscape of the Asia Pacific mainframe modernization services market is dominated by leading players such as TCS, Infosys, Wipro Limited, HCL Technologies, Accenture, IBM Asia Pacific, Fujitsu, Tech Mahindra, Cognizant Asia Pacific, and Capgemini Asia Pacific. These companies focus on providing end-to-end services, including application modernization, cloud migration, and data modernization, utilizing advanced technologies such as AI, cloud computing, and automation. The market is characterized by the presence of global and regional players who leverage their industry expertise to cater to diverse sectors like finance, healthcare, and manufacturing. Many of these companies differentiate themselves through their ability to offer tailored solutions that meet specific business needs, ensuring a seamless transition from legacy systems to modern infrastructures. Strategic partnerships, acquisitions, and innovation are key strategies employed by players to strengthen their market position. For instance, FPT and SCSK Corporation have announced a joint venture named COBOL PARK to address the growing challenges of maintaining and modernizing legacy systems in Japan. Additionally, companies are focusing on improving customer experience by offering hybrid cloud solutions, greater flexibility, and scalability. As the market grows, competition is expected to intensify, with companies striving to stay ahead by adopting cutting-edge technologies and offering specialized services to meet the evolving demands of the Asia Pacific region.

Recent Developments

In August 2024, Capgemini signed an agreement to acquire Syniti, one of the leading companies in the enterprise data management software and services including platform and migration services. This acquisition will strengthen Capgemini’s data-driven solutions, especially for large-scale SAP transformations like the shift to SAP S/4HANA.
In June 2024, Oracle and Google Cloud announced a partnership in which Google Cloud will offer Oracle Cloud Infrastructure (OCI) database services and high-speed network interconnect with Oracle. This partnership will enable users to accelerate their application migrations and modernization.
In June 2024, Cognizant expanded its partnership with Cengage Group. This move highlights the trend of modernizing educational platforms by integrating advanced technologies to enhance digital learning experiences, reflecting the broader push towards modernizing application infrastructures across sectors.
In April 2024, Atos officially renewed its participation in the robust Amazon Web Services (AWS) Managed Service Provider (MSP) Partner Program. The AWS MSP Partner Program recognizes and evaluates top APN Consulting Partners who excel at providing complete lifecycle solutions to customers. Next-generation AWS MSPs can assist organizations in inventing the future, solving business problems, and supporting projects by focusing on critical results.
In April 2024, Fujitsu Limited and Oracle partnered to provide sovereign cloud and AI capabilities that satisfy the digital sovereignty needs of Japanese businesses and the public sector.
In April 2024, Cloud Software Group Inc. and Microsoft Corp. deepened their collaboration with a focus on Citrix virtual applications and cloud AI solutions. This partnership underscores the importance of cloud migration and AI integration in application modernization, emphasizing the need for businesses to update their legacy systems to leverage these technologies.
In January 2024, IBM announced that it had entered a definitive deal to acquire Advanced’s application modernization capabilities, bringing a combination of talent, tools, and knowledge to IBM Consulting’s mainframe application and data modernization services. The announced acquisition will allow us to support better clients’ mainframe application modernization journeys, representing another significant step forward in IBM’s hybrid cloud and AI strategy.
In January 2024, Accenture acquired Work & Co, enhancing its capabilities in creating innovative digital products. This acquisition reflects the increasing importance of blending design and technology to modernize applications, helping clients improve user experiences and stay competitive in the digital age.

Market Concentration & Characteristics

The market concentration of Asia Pacific mainframe modernization services is moderately fragmented, with a mix of large multinational corporations and regional players offering tailored solutions to meet diverse business needs. While a few major players dominate the market, smaller, specialized firms are also making significant inroads by focusing on niche services and regional expertise. The market is characterized by high competition, as companies strive to differentiate themselves through technological innovation, strategic partnerships, and industry-specific solutions. Key characteristics of this market include the growing demand for cloud migration, application modernization, and data modernization, as businesses across the region seek to improve operational efficiency, reduce costs, and enhance agility. Companies in this market are increasingly focusing on integrating advanced technologies like artificial intelligence, automation, and machine learning to provide end-to-end solutions that are scalable and flexible. Moreover, the increasing adoption of hybrid cloud environments has further driven competition, as businesses seek solutions that bridge the gap between legacy systems and modern infrastructures. As a result, players are increasingly adopting a customer-centric approach, offering customized and integrated modernization solutions. The market is also characterized by the rapid evolution of digital transformation trends, pushing companies to continuously innovate and refine their offerings to stay competitive and meet the growing demands of businesses in the region.

Report Coverage

The research report offers an in-depth analysis based on Type, Deployment Mode, End-User, Organization Size and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The Asia Pacific mainframe modernization services market is expected to continue its rapid growth, driven by increasing digital transformation initiatives across industries.
Cloud migration and hybrid cloud adoption will play a central role in modernizing legacy mainframes in the coming years.
The demand for AI, automation, and machine learning will intensify, with businesses seeking to integrate these technologies into their mainframe systems for enhanced efficiency.
Increased focus on data modernization will lead to better data management and analytics capabilities, supporting data-driven decision-making across sectors.
As cybersecurity becomes a top priority, there will be a greater emphasis on secure mainframe modernization solutions that ensure compliance and data protection.
Organizations will increasingly prefer end-to-end modernization services, combining application modernization, cloud migration, and integration into comprehensive solutions.
The rise of Industry 4.0 technologies, such as IoT and big data analytics, will drive further demand for modernized mainframes to support real-time data processing and advanced analytics.
Regional disparities in adoption will narrow, with Southeast Asia and India seeing accelerated growth due to their expanding IT sectors and digital initiatives.
Competition will intensify, with players focusing on providing tailored, industry-specific solutions to meet the diverse needs of businesses in the region.
Strategic collaborations and acquisitions will increase as companies seek to strengthen their technological capabilities and expand their market presence in the Asia Pacific region.

CHAPTER NO. 1 : INTRODUCTION 21

1.1.1. Report Description 21

Purpose of the Report 21

USP & Key Offerings 21

1.1.2. Key Benefits for Stakeholders 21

1.1.3. Target Audience 22

1.1.4. Report Scope 22

CHAPTER NO. 2 : EXECUTIVE SUMMARY 23

2.1. Mainframe Modernization Services Market Snapshot 23

2.1.1. Asia Pacific Mainframe Modernization Services Market, 2018 – 2032 (USD Million) 24

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 25

3.1. Russia-Ukraine and Israel-Palestine War Impacts 25

CHAPTER NO. 4 : MAINFRAME MODERNIZATION SERVICES MARKET – INDUSTRY ANALYSIS 26

4.1. Introduction 26

4.2. Market Drivers 27

4.2.1. Growing need for operational efficiency and scalability 27

4.2.2. Increasing adoption of cloud-based technologies. 28

4.3. Market Restraints 29

4.3.1. High initial costs associated with modernization 29

4.4. Market Opportunities 30

4.4.1. Advancements in AI and machine learning for enhanced automation 30

4.5. Porter’s Five Forces Analysis 31

4.6. Buying Criteria 32

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 33

5.1. Import Analysis by Asia Pacific 33

5.1.1. Asia Pacific Mainframe Modernization Services Market Import Volume/Revenue, By Asia Pacific, 2018 – 2023 33

5.2. Export Analysis by Asia Pacific 34

5.2.1. Asia Pacific Mainframe Modernization Services Market Export Volume/Revenue, By Asia Pacific, 2018 – 2023 34

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 35

6.1. Demand Analysis by Asia Pacific 35

6.1.1. Asia Pacific Mainframe Modernization Services Market Demand Volume/Revenue, By Asia Pacific, 2018 – 2023 35

6.2. Supply Analysis by Asia Pacific 36

6.2.1. Asia Pacific Mainframe Modernization Services Market Supply Volume/Revenue, By Asia Pacific, 2018 – 2023 36

CHAPTER NO. 7 : PRODUCTION ANALYSIS 37

7.1. Production Analysis by Asia Pacific 37

7.1.1. Asia Pacific Mainframe Modernization Services Market Production Volume/Revenue, By Asia Pacific, 2018 – 2023 37

CHAPTER NO. 8 : PRICE ANALYSIS 38

8.1. Price Analysis by Type 38

8.1.1. Asia Pacific Mainframe Modernization Services Market Price, By Type, 2018 – 2023 38

8.1.2. Asia Pacific Type Market Price, By Type, 2018 – 2023 38

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 39

9.1. Key Raw Materials and Suppliers 39

9.2. Key Raw Materials Price Trend 39

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 40

10.1. Manufacturing Cost Analysis 40

10.2. Manufacturing Process 40

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 41

11.1. Company Market Share Analysis – 2023 41

11.2. Value Chain Analysis 41

11.2.1. Asia Pacific Mainframe Modernization Services Market: Company Market Share, by Volume, 2023 42

11.2.2. Asia Pacific Mainframe Modernization Services Market: Company Market Share, by Revenue, 2023 43

11.2.3. Asia Pacific Mainframe Modernization Services Market: Top 6 Company Market Share, by Revenue, 2023 43

11.2.4. Asia Pacific Mainframe Modernization Services Market: Top 3 Company Market Share, by Revenue, 2023 44

11.3. Asia Pacific Mainframe Modernization Services Market Company Volume Market Share, 2023 45

11.4. Asia Pacific Mainframe Modernization Services Market Company Revenue Market Share, 2023 46

11.5. Company Assessment Metrics, 2023 46

11.5.1. Stars 46

11.5.2. Emerging Leaders 46

11.5.3. Pervasive Players 46

11.5.4. Participants 46

11.6. Start-ups /SMEs Assessment Metrics, 2023 46

11.6.1. Progressive Companies 46

11.6.2. Responsive Companies 47

11.6.3. Dynamic Companies 47

11.6.4. Starting Blocks 47

11.7. Strategic Developments 48

11.7.1. Acquisitions & Mergers 48

New Product Launch 48

Asia Pacific Expansion 48

11.8. Key Players Product Matrix 49

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 50

12.1. PESTEL 50

12.1.1. Political Factors 50

12.1.2. Economic Factors 50

12.1.3. Social Factors 50

12.1.4. Technological Factors 50

12.1.5. Environmental Factors 50

12.1.6. Legal Factors 50

12.2. Adjacent Market Analysis 50

CHAPTER NO. 13 : MAINFRAME MODERNIZATION SERVICES MARKET – BY TYPE SEGMENT ANALYSIS 51

13.1. Mainframe Modernization Services Market Overview, by Type Segment 51

13.1.1. Mainframe Modernization Services Market Revenue Share, By Type, 2023 & 2032 52

13.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Type 53

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 53

13.1.4. Mainframe Modernization Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 54

13.2. Application Modernization 55

13.3. Cloud Migration 56

13.4. Data Modernization 57

13.5. Integration Services 58

13.6. Consulting Services 59

CHAPTER NO. 14 : MAINFRAME MODERNIZATION SERVICES MARKET – BY DEPLOYMENT MODE SEGMENT ANALYSIS 60

14.1. Mainframe Modernization Services Market Overview, by Deployment Mode Segment 60

14.1.1. Mainframe Modernization Services Market Revenue Share, By Deployment Mode, 2023 & 2032 61

14.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Deployment Mode 62

14.1.3. Incremental Revenue Growth Opportunity, by Deployment Mode, 2024 – 2032 62

14.1.4. Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018, 2023, 2027 & 2032 63

14.2. On-premises 64

14.3. Cloud-based 65

CHAPTER NO. 15 : MAINFRAME MODERNIZATION SERVICES MARKET – BY END-USER INDUSTRY SEGMENT ANALYSIS 66

15.1. Mainframe Modernization Services Market Overview, by End-User Industry Segment 66

15.1.1. Mainframe Modernization Services Market Revenue Share, By End-User Industry, 2023 & 2032 67

15.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By End-User Industry 68

15.1.3. Incremental Revenue Growth Opportunity, by End-User Industry, 2024 – 2032 68

15.1.4. Mainframe Modernization Services Market Revenue, By End-User Industry, 2018, 2023, 2027 & 2032 69

15.2. Banking, Financial Services, and Insurance (BFSI) 70

15.3. Healthcare 71

15.4. IT and Telecommunications 72

15.5. Retail and E-commerce 73

CHAPTER NO. 16 : MAINFRAME MODERNIZATION SERVICES MARKET – BY ORGANIZATION SIZE SEGMENT ANALYSIS 74

16.1. Mainframe Modernization Services Market Overview, by Organization Size Segment 74

16.1.1. Mainframe Modernization Services Market Revenue Share, By Organization Size, 2023 & 2032 75

16.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Organization Size 76

16.1.3. Incremental Revenue Growth Opportunity, by Organization Size, 2024 – 2032 76

16.1.4. Mainframe Modernization Services Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 77

16.2. Small and Medium Enterprises (SMEs) 78

16.3. Large Enterprises 79

CHAPTER NO. 17 : MAINFRAME MODERNIZATION SERVICES MARKET – ASIA PACIFIC ANALYSIS 80

17.1. Type 80

17.1.1. Asia Pacific Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 80

17.2. Asia Pacific Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 80

17.3. Deployment Mode 81

17.3.1. Asia Pacific Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 81

17.3.2. Asia Pacific Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 81

17.4. End-User Industry 82

17.4.1. Asia Pacific Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 82

17.4.2. Asia Pacific Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 82

17.5. Organization Size 83

17.5.1. Asia Pacific Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 83

17.5.2. Asia Pacific Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 83

17.6. China 83

17.7. Japan 83

17.8. South Korea 83

17.9. India 83

17.10. Australia 83

17.11. Thailand 83

17.12. Indonesia 84

17.13. Vietnam 84

17.14. Malaysia 84

17.15. Philippines 84

17.16. Taiwan 84

17.17. Rest of Asia Pacific 84

CHAPTER NO. 18 : COMPANY PROFILES 85

18.1. TCS 85

18.1.1. Company Overview 85

18.1.2. Product Portfolio 85

18.1.3. Swot Analysis 85

18.1.4. Business Strategy 86

18.1.5. Financial Overview 86

18.2. Infosys 87

18.3. Wipro Limited 87

18.4. HCL Technologies 87

18.5. Accenture 87

18.6. IBM Asia Pacific 87

18.7. Fujitsu 87

18.8. Tech Mahindra 87

18.9. Cognizant Asia Pacific 87

18.10. Capgemini Asia Pacific 87

List of Figures

FIG NO. 1. Asia Pacific Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 24

FIG NO. 2. Porter’s Five Forces Analysis for Asia Pacific Mainframe Modernization Services Market 31

FIG NO. 3. Asia Pacific Mainframe Modernization Services Market Import Volume/Revenue, By Asia Pacific, 2018 – 2023 33

FIG NO. 4. Asia Pacific Mainframe Modernization Services Market Export Volume/Revenue, By Asia Pacific, 2018 – 2023 34

FIG NO. 5. Asia Pacific Mainframe Modernization Services Market Demand Volume/Revenue, By Asia Pacific, 2018 – 2023 35

FIG NO. 6. Asia Pacific Mainframe Modernization Services Market Supply Volume/Revenue, By Asia Pacific, 2018 – 2023 36

FIG NO. 7. Asia Pacific Mainframe Modernization Services Market Production Volume/Revenue, By Asia Pacific, 2018 – 2023 37

FIG NO. 8. Asia Pacific Mainframe Modernization Services Market Price, By Type, 2018 – 2023 38

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 39

FIG NO. 10. Manufacturing Cost Analysis 40

FIG NO. 11. Manufacturing Process 40

FIG NO. 12. Value Chain Analysis for Asia Pacific Mainframe Modernization Services Market 41

FIG NO. 13. Company Share Analysis, 2023 42

FIG NO. 14. Company Share Analysis, 2023 43

FIG NO. 15. Company Share Analysis, 2023 43

FIG NO. 16. Company Share Analysis, 2023 44

FIG NO. 17. Mainframe Modernization Services Market – Company Volume Market Share, 2023 45

FIG NO. 18. Mainframe Modernization Services Market – Company Revenue Market Share, 2023 46

FIG NO. 19. Mainframe Modernization Services Market Revenue Share, By Type, 2023 & 2032 52

FIG NO. 20. Market Attractiveness Analysis, By Type 53

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 53

FIG NO. 22. Mainframe Modernization Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 54

FIG NO. 23. Asia Pacific Mainframe Modernization Services Market for Application Modernization, Revenue (USD Million) 2018 – 2032 55

FIG NO. 24. Asia Pacific Mainframe Modernization Services Market for Cloud Migration, Revenue (USD Million) 2018 – 2032 56

FIG NO. 25. Asia Pacific Mainframe Modernization Services Market for Data Modernization, Revenue (USD Million) 2018 – 2032 57

FIG NO. 26. Asia Pacific Mainframe Modernization Services Market for Integration Services, Revenue (USD Million) 2018 – 2032 58

FIG NO. 27. Asia Pacific Mainframe Modernization Services Market for Consulting Services, Revenue (USD Million) 2018 – 2032 59

FIG NO. 28. Mainframe Modernization Services Market Revenue Share, By Deployment Mode, 2023 & 2032 61

FIG NO. 29. Market Attractiveness Analysis, By Deployment Mode 62

FIG NO. 30. Incremental Revenue Growth Opportunity by Deployment Mode, 2024 – 2032 62

FIG NO. 31. Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018, 2023, 2027 & 2032 63

FIG NO. 32. Asia Pacific Mainframe Modernization Services Market for On-premises, Revenue (USD Million) 2018 – 2032 64

FIG NO. 33. Asia Pacific Mainframe Modernization Services Market for Cloud-based, Revenue (USD Million) 2018 – 2032 65

FIG NO. 34. Mainframe Modernization Services Market Revenue Share, By End-User Industry, 2023 & 2032 67

FIG NO. 35. Market Attractiveness Analysis, By End-User Industry 68

FIG NO. 36. Incremental Revenue Growth Opportunity by End-User Industry, 2024 – 2032 68

FIG NO. 37. Mainframe Modernization Services Market Revenue, By End-User Industry, 2018, 2023, 2027 & 2032 69

FIG NO. 38. Asia Pacific Mainframe Modernization Services Market for Banking, Financial Services, and Insurance (BFSI), Revenue (USD Million) 2018 – 2032 70

FIG NO. 39. Asia Pacific Mainframe Modernization Services Market for Healthcare, Revenue (USD Million) 2018 – 2032 71

FIG NO. 40. Asia Pacific Mainframe Modernization Services Market for IT and Telecommunications, Revenue (USD Million) 2018 – 2032 72

FIG NO. 41. Asia Pacific Mainframe Modernization Services Market for Retail and E-commerce, Revenue (USD Million) 2018 – 2032 73

FIG NO. 42. Mainframe Modernization Services Market Revenue Share, By Organization Size, 2023 & 2032 75

FIG NO. 43. Market Attractiveness Analysis, By Organization Size 76

FIG NO. 44. Incremental Revenue Growth Opportunity by Organization Size, 2024 – 2032 76

FIG NO. 45. Mainframe Modernization Services Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 77

FIG NO. 46. Asia Pacific Mainframe Modernization Services Market for Small and Medium Enterprises (SMEs), Revenue (USD Million) 2018 – 2032 78

FIG NO. 47. Asia Pacific Mainframe Modernization Services Market for Large Enterprises, Revenue (USD Million) 2018 – 2032 79

List of Tables

TABLE NO. 1. : Asia Pacific Mainframe Modernization Services Market: Snapshot 23

TABLE NO. 2. : Drivers for the Mainframe Modernization Services Market: Impact Analysis 27

TABLE NO. 3. : Restraints for the Mainframe Modernization Services Market: Impact Analysis 29

TABLE NO. 4. : Asia Pacific Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 38

TABLE NO. 5. : Key Raw Materials & Suppliers 39

TABLE NO. 6. : Asia Pacific Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 80

TABLE NO. 7. : Asia Pacific Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 80

TABLE NO. 8. : Asia Pacific Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 81

TABLE NO. 9. : Asia Pacific Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 81

TABLE NO. 10. : Asia Pacific Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 82

TABLE NO. 11. : Asia Pacific Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 82

TABLE NO. 12. : Asia Pacific Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 83

TABLE NO. 13. : Asia Pacific Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 83

Frequently Asked Questions

What is the current size of the Asia Pacific Mainframe Modernization Services market?

The Asia Pacific mainframe modernization services market is valued at USD 5,232.89 million in 2023 and is expected to grow to USD 22,485.98 million by 2032, registering a robust CAGR of 17.80% during the forecast period.

What factors are driving the growth of the Asia Pacific Mainframe Modernization Services market?

The market is driven by the increasing need for operational efficiency, cost reduction, and improved customer experiences through modernization. Factors such as the adoption of cloud computing, artificial intelligence, and big data analytics, along with the push for regulatory compliance and enhanced cybersecurity, are fueling demand. The region’s ongoing digital transformation and the shift toward hybrid cloud environments also play key roles in market expansion.

What are the key segments within the Asia Pacific Mainframe Modernization Services market?

Key segments include:
• By Type: Application Modernization, Cloud Migration, Data Modernization, Integration Services, Consulting Services.
• By Deployment Mode: On-premises and Cloud-based solutions.
• By End-User: BFSI, Healthcare, IT and Telecommunications, Retail and E-commerce, Others.
• By Organization Size: Small and Medium Enterprises (SMEs) and Large Enterprises.

What are some challenges faced by the Asia Pacific Mainframe Modernization Services market?

Challenges include the high initial investment and implementation costs associated with modernization projects. The complexity of integrating legacy systems with modern platforms and the shortage of skilled professionals proficient in both legacy and emerging technologies further hinder faster adoption. These challenges particularly affect small and medium-sized enterprises (SMEs) with limited budgets.

Who are the major players in the Asia Pacific Mainframe Modernization Services market?

Major players include TCS, Infosys, Wipro Limited, HCL Technologies, Accenture, IBM Asia Pacific, Fujitsu, Tech Mahindra, Cognizant Asia Pacific, and Capgemini Asia Pacific. These companies are key contributors, offering tailored modernization solutions leveraging advanced technologies like AI, cloud computing, and automation to meet diverse business needs across the region.

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