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Europe 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

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Published: | Report ID: 69336 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Europe Mainframe Modernization Services Market Size 2023 USD 4,720.11 million
Europe Mainframe Modernization Services Market, CAGR 15.65%
Europe Mainframe Modernization Services Market Size 2032 USD 17,175.88 million

Market Overview

The Europe Mainframe Modernization Services Market is projected to grow from USD 4,720.11 million in 2023 to USD 17,175.88 million by 2032, reflecting a compound annual growth rate (CAGR) of 15.65%.

The Europe Mainframe Modernization Services market is driven by the increasing demand for digital transformation across industries, with organizations seeking to modernize legacy systems to enhance efficiency and reduce operational costs. As businesses focus on improving agility, scalability, and customer experience, the need to upgrade mainframe systems to support cloud-based solutions and integration with new technologies is rising. Additionally, the shortage of skilled mainframe professionals and the growing complexity of regulatory requirements are further pushing the demand for modernization services. Key trends include the adoption of hybrid cloud solutions, the shift towards automation and artificial intelligence, and the use of agile methodologies in mainframe modernization projects. This shift enables businesses to remain competitive in an increasingly digital environment. The market is also benefiting from the growing trend of data security and compliance, where modernized systems offer improved data protection and risk management.

The Europe Mainframe Modernization Services market is characterized by significant activity across various regions, including Western, Eastern, and Rest of Europe. Key players in the market, such as ATOS SE, Capgemini, TCS Europe, IBM Europe, Accenture Europe, and DXC Technology Europe, are driving the adoption of modernization services through their comprehensive service offerings, including cloud migration, application modernization, and data modernization. These companies have a strong presence in multiple European countries, supporting businesses in their transition from legacy systems to modern IT infrastructures. Regional players like Sopra Steria, Wipro Limited, Cognizant Europe, and Infosys Europe are also contributing to market growth by offering specialized services tailored to local market needs. The presence of these key players across diverse regions highlights the growing demand for modernization services as companies seek to improve operational efficiency, security, and integration with emerging technologies.

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Market Insights

  • The Europe Mainframe Modernization Services market was valued at USD 4,720.11 million in 2023 and is expected to reach USD 17,175.88 million by 2032, growing at a CAGR of 15.65%.
  • Increasing demand for digital transformation and cloud integration is driving the growth of mainframe modernization services.
  • The shift toward hybrid cloud environments and the need for greater scalability and flexibility are key trends in the market.
  • Competitive players like ATOS SE, Capgemini, IBM Europe, and Accenture Europe are focusing on expanding their service portfolios to meet growing customer demand.
  • High costs and the complexity of modernizing legacy systems remain significant market restraints.
  • Eastern Europe is expected to experience rapid growth, while Western Europe continues to dominate the market.
  • Businesses across Europe are investing in modernization services to improve operational efficiency, security, and comply with regulatory standards.

Market Drivers

Increasing Demand for Digital Transformation

The growing need for digital transformation across industries is a key driver for the Europe Mainframe Modernization Services market. As organizations seek to enhance their operational efficiency, agility, and customer experience, modernizing legacy mainframe systems has become essential. Businesses are increasingly looking for ways to upgrade their mainframes to support cloud technologies, streamline processes, and improve performance. For instance, the Eurostat 2024 report highlights that 75% of EU companies are using cloud computing services, big data analysis, or artificial intelligence, reflecting the broader trend of adopting digital tools and platforms to stay competitive. This demand is fueled by the broader trend of adopting digital tools and platforms to stay competitive in a fast-paced, technology-driven market.

Talent Shortage and Aging Mainframe Systems

A significant driver of the market is the shortage of skilled mainframe professionals and the increasing obsolescence of older mainframe systems. Many organizations face challenges in maintaining and supporting aging mainframes due to the lack of trained workforce, as fewer professionals specialize in legacy systems. For instance, the ISG Provider Lens report notes that mainframe costs are rising due to a shortage of COBOL language skills in European countries, which is driving the need for modernization. This shortage has prompted businesses to invest in mainframe modernization services, aiming to reduce their dependency on outdated technologies while attracting new talent proficient in cloud computing and advanced technologies.

Regulatory Compliance and Data Security

With the evolving regulatory landscape in Europe, including GDPR and other data protection laws, companies are increasingly focusing on improving their data security and compliance frameworks. Modernized mainframe systems offer enhanced data security features, better risk management, and simplified compliance with stringent regulations. Organizations recognize that upgrading their legacy systems not only reduces vulnerabilities but also ensures they meet regulatory standards, driving the demand for modernization services.

Cloud Integration and Scalability

The shift towards cloud computing is another important factor fueling the growth of the Europe Mainframe Modernization Services market. As businesses migrate to hybrid or multi-cloud environments, integrating their mainframe systems with modern cloud platforms has become crucial. This integration provides increased scalability, flexibility, and cost efficiency. For instance, IBM recommends a hybrid cloud approach to mainframe modernization, combining IBM zSystems and IBM Cloud to improve business agility and optimize costs.  By modernizing their mainframes, companies can ensure smoother cloud transitions, gain the ability to scale resources more effectively, and deliver better services to customers, making mainframe modernization a key priority for businesses.

Market Trends

Adoption of Hybrid Cloud Solutions

One of the key trends in the Europe Mainframe Modernization Services market is the growing adoption of hybrid cloud solutions. As businesses seek to combine the advantages of on-premises and cloud environments, they are modernizing their mainframe systems to integrate with hybrid infrastructures. This approach enables organizations to leverage the scalability, flexibility, and cost-effectiveness of the cloud while retaining critical legacy systems. The shift towards hybrid cloud adoption is driving the demand for mainframe modernization services to ensure seamless integration and optimal performance across platforms.

Use of Automation and Artificial Intelligence

Automation and artificial intelligence (AI) are playing an increasingly significant role in mainframe modernization projects. Businesses are leveraging AI-driven solutions to streamline the process of modernizing legacy systems, enhancing operational efficiency, and reducing human errors. For instance, a study by IBM revealed that 78% of global technology leaders are incorporating AI capabilities into mainframe applications to foster innovation and optimize operations. Automation tools help organizations accelerate their modernization initiatives by simplifying routine tasks, such as system testing and migration. This trend is helping companies lower costs, improve time-to-market, and ensure more reliable and secure systems as they transition from outdated mainframe technologies to modern infrastructures.

Agile Methodologies in Modernization Projects

The use of agile methodologies is becoming a prominent trend in the mainframe modernization space. Organizations are shifting from traditional, linear approaches to more flexible and iterative processes, which allow for faster adaptation to changing business needs. Agile frameworks help companies modernize their mainframes in stages, reducing risks and ensuring that the system meets current requirements. This trend aligns with the broader push for agility in the IT sector, enabling organizations to achieve continuous improvements while minimizing disruption during the modernization process.

Emphasis on Data Analytics and Business Intelligence

As businesses increasingly rely on data-driven decision-making, there is a growing trend towards incorporating data analytics and business intelligence (BI) tools into modernized mainframe systems. By upgrading legacy mainframes, companies can integrate advanced analytics capabilities that enable real-time insights and more informed business strategies. Modernized systems offer enhanced data processing capabilities, supporting the shift towards data-centric operations and helping businesses unlock the full potential of their data to drive growth, innovation, and operational efficiency.

Market Challenges Analysis

High Cost and Complexity of Modernization

One of the primary challenges in the Europe Mainframe Modernization Services market is the high cost and complexity associated with the modernization process. Modernizing legacy mainframe systems involves substantial financial investment in technology, tools, and skilled labor. The process of upgrading or replacing outdated systems can be lengthy and resource-intensive, requiring careful planning and execution to minimize disruptions. For instance, a report by ISG highlights that European enterprises often face significant financial and operational challenges when modernizing their mainframe systems due to the intricate nature of legacy architectures. Additionally, the complexity of legacy systems, with their tightly integrated components and unique architectures, poses a challenge for businesses seeking to implement modern solutions. Organizations must balance the cost of modernization with the anticipated long-term benefits, which can be difficult for some companies to justify, particularly in industries with tight budgets or limited technical expertise.

Data Migration and Integration Challenges

Data migration and integration are significant hurdles in mainframe modernization. Migrating vast amounts of legacy data to modern systems while ensuring its accuracy, security, and integrity is a complex task. The risk of data loss or corruption during the migration process can lead to operational downtime and business disruptions. Additionally, integrating modernized mainframe systems with existing applications and technologies—especially in multi-cloud and hybrid environments—can be challenging. Organizations must address compatibility issues and ensure seamless interoperability between new and legacy systems. These challenges make it critical for companies to engage experienced service providers who can manage the intricacies of data migration and integration, ensuring a smooth transition without compromising business continuity.

Market Opportunities

Expanding Demand for Cloud Migration Services

One of the key market opportunities in the Europe Mainframe Modernization Services sector is the growing demand for cloud migration services. As more businesses move towards cloud computing to improve scalability, flexibility, and cost-efficiency, there is a significant opportunity for mainframe modernization providers to assist with the migration of legacy systems to the cloud. Organizations are seeking to modernize their mainframes to ensure seamless integration with cloud-based solutions, which would improve their IT infrastructure, reduce operating costs, and provide enhanced performance. Service providers that offer expertise in hybrid and multi-cloud environments can tap into this expanding market, helping companies transition smoothly while preserving data integrity and minimizing downtime.

Rise of Digital Transformation in Enterprises

Another key opportunity lies in the ongoing trend of digital transformation across industries. With businesses striving to enhance operational efficiency, improve customer experience, and remain competitive in an increasingly digital landscape, the need to modernize legacy mainframe systems is becoming more pressing. By offering tailored mainframe modernization services that align with digital transformation goals, service providers can tap into a broader market of enterprises looking to adopt cutting-edge technologies such as artificial intelligence, machine learning, and big data analytics. Furthermore, as businesses continue to prioritize agility, security, and compliance, there is growing demand for modernization solutions that support seamless integration with newer technologies and ensure robust data protection and regulatory compliance. This provides an excellent opportunity for growth in the Europe Mainframe Modernization Services market.

Market Segmentation Analysis:

By Type:

The Europe Mainframe Modernization Services market is segmented into five key types: Application Modernization, Cloud Migration, Data Modernization, Integration Services, and Consulting Services. Application Modernization is driven by the need to enhance the performance, scalability, and usability of legacy applications, ensuring they meet current business requirements. Cloud Migration services enable organizations to transition from on-premises mainframe systems to cloud-based infrastructures, enhancing scalability, cost-efficiency, and flexibility. Data Modernization focuses on improving data management systems, ensuring that legacy data can be accessed, analyzed, and utilized efficiently in modern environments. Integration Services are crucial for ensuring seamless interoperability between modernized mainframes and newer systems, such as cloud platforms and enterprise resource planning (ERP) solutions. Lastly, Consulting Services offer strategic guidance, helping organizations assess their mainframe systems and develop a roadmap for modernization, ensuring that investments align with business goals.

By Deployment Mode:

The Europe Mainframe Modernization Services market is also divided based on Deployment Mode into On-premises and Cloud-based services. On-premises deployment remains a popular choice for industries with strict security and compliance requirements, as it offers more control over infrastructure and data management. However, Cloud-based deployment is increasingly gaining traction due to its scalability, cost-effectiveness, and flexibility. Cloud-based solutions allow organizations to access modernization services without heavy upfront investments in physical infrastructure. As businesses embrace digital transformation, the shift towards cloud deployment is expected to continue, driven by the demand for greater operational agility and the ability to scale resources dynamically. Cloud-based solutions also offer better integration with emerging technologies, making them an attractive option for companies seeking to innovate and remain competitive.

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:

  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Russia
  • Belgium
  • Netherlands
  • Austria
  • Sweden
  • Poland
  • Denmark
  • Switzerland
  • Rest of Europe

Regional Analysis

Western Europe

Western Europe dominates the Europe Mainframe Modernization Services market, contributing to nearly 45% of the market share in 2023. Countries like the UK, France, Germany, and the Netherlands are leading this growth, driven by their established industries, robust IT infrastructure, and high investment in modernization technologies. Organizations in this region are increasingly looking to upgrade legacy systems to improve operational efficiency, enhance customer experiences, and integrate with emerging technologies such as cloud platforms, AI, and big data analytics. The demand for cloud migration services, application modernization, and data modernization is particularly high, with businesses investing heavily in digital transformation to maintain their competitive edge. The shift toward hybrid and multi-cloud environments is expected to continue driving market expansion in this region.

Eastern Europe

Eastern Europe, while having a smaller market share compared to Western Europe, is experiencing rapid growth, expected to rise significantly over the forecast period. Countries such as Russia, Poland, and Romania are seeing increasing demand for mainframe modernization services as businesses in these regions look to improve operational efficiency and compete on a global scale. With the growing adoption of cloud technologies and increasing digitalization, Eastern European businesses are recognizing the need to modernize their legacy systems to align with international standards. The market in this region is expected to expand at a higher growth rate compared to Western Europe, fueled by government initiatives supporting digital transformation and the expansion of cloud infrastructures.

Rest of Europe

The Rest of Europe, encompassing countries such as Austria, Denmark, Sweden, and Switzerland, is poised to see steady growth in the mainframe modernization services market. This region is expected to capture around 10% of the overall market share by 2032. Businesses in these countries are increasingly adopting mainframe modernization services to ensure their legacy systems are compatible with emerging technologies and cloud-based solutions. The growing trend of data-driven decision-making and the rising need for better data management and integration with new platforms are driving the demand for modernization services. Despite the relatively smaller market share, this region is benefiting from its strong focus on innovation and its growing investment in IT infrastructure.

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Key Player Analysis

  • ATOS SE
  • Capgemini
  • TCS Europe
  • IBM Europe
  • Accenture Europe
  • DXC Technology Europe
  • Sopra Steria
  • Wipro Limited
  • Cognizant Europe
  • Infosys Europe

Competitive Analysis

The Europe Mainframe Modernization Services market is highly competitive, with leading players such as ATOS SE, Capgemini, TCS Europe, IBM Europe, Accenture Europe, DXC Technology Europe, Sopra Steria, Wipro Limited, Cognizant Europe, and Infosys Europe dominating the market. Leading companies in the market differentiate themselves through their ability to provide end-to-end modernization services, including application modernization, cloud migration, and data management. These players compete based on factors such as technological expertise, global presence, and industry-specific solutions, helping clients transition from legacy mainframe systems to modern, scalable infrastructures. To stay ahead in the competitive race, providers are focusing on innovation, particularly in AI-driven technologies, data analytics, and hybrid cloud environments. The demand for faster and more cost-efficient services has led companies to adopt agile methodologies, allowing for quicker modernization processes with minimal disruption to business operations. Additionally, the emphasis on seamless integration with emerging technologies such as IoT, machine learning, and big data analytics is strengthening the value proposition of service providers. For instance, Google Cloud tools like BigQuery and AI products are being leveraged to integrate and analyze mainframe data, driving innovation and competitive advantage. While the market remains competitive, the complexity of mainframe modernization and the need for industry expertise create opportunities for providers to offer customized, specialized solutions. As the demand for digital transformation continues to rise, companies are increasingly relying on modernized systems to improve operational efficiency, security, and scalability.

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 Europe Mainframe Modernization Services market exhibits moderate to high market concentration, with a few dominant players holding significant market shares. These major companies are leveraging their extensive resources, expertise in cloud technologies, and comprehensive service portfolios to cater to the increasing demand for modernization services. The market is characterized by intense competition, driven by the need to innovate and offer tailored solutions to businesses undergoing digital transformation. Key players in the market focus on providing end-to-end services, including application modernization, cloud migration, and data management, to help organizations replace legacy systems with more scalable, flexible, and secure infrastructures. The market is also witnessing a shift towards specialization, with some companies targeting specific industries such as finance, healthcare, or manufacturing to provide customized solutions that address sector-specific challenges. Additionally, the increasing adoption of hybrid and multi-cloud environments is contributing to the market’s dynamic nature, prompting companies to invest in next-generation technologies like artificial intelligence (AI), machine learning, and big data analytics. While large players dominate, smaller and regional providers are also carving out niches by offering specialized services or focusing on specific geographic markets. As digital transformation continues to grow, the market is expected to remain competitive, with a focus on innovation, cost-efficiency, and seamless integration of modern technologies.

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

  1. The Europe Mainframe Modernization Services market is expected to grow rapidly, driven by the increasing need for digital transformation.
  2. Companies will continue to shift from legacy mainframe systems to more flexible, scalable cloud-based solutions.
  3. The demand for hybrid cloud solutions will increase, offering greater flexibility and cost-efficiency.
  4. AI and machine learning technologies will play a crucial role in optimizing mainframe modernization processes.
  5. There will be a rise in industry-specific modernization services, addressing unique needs in sectors like finance, healthcare, and manufacturing.
  6. The integration of IoT and big data analytics with modernized systems will become a key focus for service providers.
  7. Smaller and regional players will carve out niches by offering specialized services or focusing on particular geographic regions.
  8. The demand for seamless, end-to-end services will continue to grow as organizations seek comprehensive solutions.
  9. Security and compliance requirements will remain critical, driving the development of more secure and compliant modernization solutions.
  10. Companies will increasingly rely on automation to reduce the complexity and costs associated with mainframe modernization projects.

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. Europe 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 Europe 33

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

5.2. Export Analysis by Europe 34

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

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 35

6.1. Demand Analysis by Europe 35

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

6.2. Supply Analysis by Europe 36

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

CHAPTER NO. 7 : PRODUCTION ANALYSIS 37

7.1. Production Analysis by Europe 37

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

CHAPTER NO. 8 : PRICE ANALYSIS 38

8.1. Price Analysis by Type 38

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

8.1.2. Europe 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. Europe Mainframe Modernization Services Market: Company Market Share, by Volume, 2023 42

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

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

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

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

11.4. Europe 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

Europe 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 – EUROPE ANALYSIS 80

17.1. Type 80

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

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

17.3. Deployment Mode 81

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

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

17.4. End-User Industry 82

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

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

17.5. Organization Size 83

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

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

17.6. UK 83

17.7. France 83

17.8. Germany 83

17.9. Italy 83

17.10. Spain 83

17.11. Russia 83

17.12. Belgium 84

17.13. Netherland 84

17.14. Austria 84

17.15. Sweden 84

17.16. Poland 84

17.17. Denmark 84

17.18. Switzerland 84

17.19. Rest of Europe 84

CHAPTER NO. 18 : COMPANY PROFILES 85

18.1. ATOS SE 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. Capgemini 87

18.3. TCS Europe 87

18.4. IBM Europe 87

18.5. Accenture Europe 87

18.6. DXC Technology Europe 87

18.7. Sopra Steria 87

18.8. Wipro Limited 87

18.9. Cognizant Europe 87

18.10. Infosys Europe 87

List of Figures

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

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

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

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

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

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

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

FIG NO. 8. Europe 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 Europe 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. Europe Mainframe Modernization Services Market for Application Modernization, Revenue (USD Million) 2018 – 2032 55

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

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

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

FIG NO. 27. Europe 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. Europe Mainframe Modernization Services Market for On-premises, Revenue (USD Million) 2018 – 2032 64

FIG NO. 33. Europe 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. Europe Mainframe Modernization Services Market for Banking, Financial Services, and Insurance (BFSI), Revenue (USD Million) 2018 – 2032 70

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

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

FIG NO. 41. Europe 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. Europe Mainframe Modernization Services Market for Small and Medium Enterprises (SMEs), Revenue (USD Million) 2018 – 2032 78

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

List of Tables

TABLE NO. 1. : Europe 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. : Europe Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 38

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

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

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

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

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

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

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

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

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

 

Frequently Asked Questions

What is the current size of the Europe Mainframe Modernization Services market?

The Europe Mainframe Modernization Services market is valued at USD 4,720.11 million in 2023 and is projected to reach USD 17,175.88 million by 2032, growing at a compound annual growth rate (CAGR) of 15.65%.

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

The market growth is driven by increasing digital transformation initiatives across industries, the need for cloud integration, and the adoption of hybrid cloud environments. Additional drivers include the shortage of skilled mainframe professionals, the growing complexity of regulatory compliance, and the rising demand for improved operational efficiency and scalability.

What are the key segments within the Europe Mainframe Modernization Services market?

The market is segmented by type, including Application Modernization, Cloud Migration, Data Modernization, Integration Services, and Consulting Services. It is also categorized by deployment mode (On-premises and Cloud-based), end-user industries (BFSI, Healthcare, IT and Telecommunications, Retail and E-commerce, and Others), organization size (SMEs and Large Enterprises), and geography (Western Europe, Eastern Europe, and Rest of Europe).

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

Challenges include high initial costs and the complexity of modernizing legacy systems. Data migration and integration difficulties, such as ensuring data accuracy, security, and seamless interoperability with modern systems, are also significant hurdles for organizations.

Who are the major players in the Europe Mainframe Modernization Services market?

Key players include ATOS SE, Capgemini, TCS Europe, IBM Europe, Accenture Europe, DXC Technology Europe, Sopra Steria, Wipro Limited, Cognizant Europe, and Infosys Europe. These companies offer comprehensive modernization services, including cloud migration, data modernization, and application integration.

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