Home » Consumer Goods » Industry Vertical Modernization Services Market

Industry Vertical Modernization Services Market By Type (Industry Vertical Portfolio Assessment, Cloud Industry Vertical Migration, Industry Vertical Replatforming, Industry Vertical Integration, Industry Vertical Retirements); By Industry Vertical (BFSI, IT and Telecom, Retail and E-commerce, Healthcare, Others); By Deployment Mode (On-Premises, Cloud); By Enterprise Size (Small and Medium Enterprises (SMEs), Large Enterprises) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Price: $4699

Published: | Report ID: 71158 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period 2019-2022
Base Year 2023
Forecast Period 2024-2032
Industry Vertical Modernization Services Market Size 2023 USD 1,851.37 million
Industry Vertical Modernization Services Market, CAGR 14.64%
Industry Vertical Modernization Services Market Size 2032 USD 5,524.06 million

Market Overview

The Global Industry Vertical Modernization Services Market is expected to grow significantly, increasing from USD 1,851.37 million in 2023 to USD 5,524.06 million by 2032, reflecting a compound annual growth rate (CAGR) of 14.64%.

The Global Industry Vertical Modernization Services market is driven by the increasing need for businesses to adopt digital transformation and improve operational efficiency. The growing demand for automation, cloud computing, and AI integration is pushing industries to modernize their legacy systems and stay competitive. Companies are investing in advanced technologies to enhance customer experience, streamline processes, and reduce costs. Additionally, the rising need for data security and regulatory compliance is encouraging businesses to upgrade their infrastructure. The trend toward adopting industry-specific solutions tailored to the unique needs of sectors like healthcare, finance, and manufacturing is further propelling market growth. Furthermore, the shift towards remote work and the need for scalable, flexible solutions are driving the demand for modernization services. As businesses continue to face pressure to innovate and adapt to rapidly changing market dynamics, the market for vertical modernization services is expected to expand significantly.

The Global Industry Vertical Modernization Services market is experiencing robust growth across key regions, including North America, Europe, Asia Pacific, and Latin America. North America leads due to the rapid adoption of advanced technologies and the strong presence of prominent service providers. Europe follows, driven by regulatory requirements and the rising demand for Industry 4.0 solutions, while Asia Pacific shows significant potential due to increased digitization in emerging economies like China and India. Latin America is also embracing modernization to enhance operational efficiencies. Key players driving the market include Accenture, IBM Corporation, Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, Capgemini, Cognizant, Microsoft Corporation, and Amazon Web Services (AWS). These companies focus on innovative solutions, cloud integration, automation, and AI-driven strategies to help industries modernize and remain competitive. The increasing need for sector-specific solutions, enhanced data security, and regulatory compliance continues to create growth opportunities for service providers globally.

Design Element 2

Access crucial information at unmatched prices!

Request your free sample report today & start making informed decisions powered by Credence Research!

Download Free Sample

CTA Design Element 3

Market Insights

  • The Global Industry Vertical Modernization Services market is projected to grow from USD 1,851.37 million in 2023 to USD 5,524.06 million by 2032, with a CAGR of 14.64%.
  • Increasing demand for cloud-based solutions and AI-driven modernization services is driving market growth.
  • Businesses are integrating automation and AI to enhance operational efficiency and streamline processes.
  • High implementation costs and legacy system complexities act as major market restraints.
  • North America leads the market due to technological advancements and early adoption of modernization solutions.
  • Europe and Asia Pacific are witnessing significant growth, driven by regulatory compliance needs and digital transformation initiatives.
  • Key players, including Accenture, IBM, and Amazon Web Services, focus on innovation and sector-specific solutions to gain a competitive edge.

Market Drivers

Regulatory Compliance and Data Security

With increasing concerns over data breaches and regulatory requirements, businesses are prioritizing the modernization of their IT infrastructures to ensure compliance with industry standards and enhance data security. Stricter regulations across various sectors, such as healthcare, finance, and retail, are pushing organizations to invest in upgrading their systems. For instance, the European Medicines Agency (EMA) enforces stringent guidelines on medicinal gases to ensure patient safety. Modernization services provide enhanced security features, better data management, and the ability to meet compliance standards, thus driving demand in markets that require high-level security protocols.

Digital Transformation Adoption

The rapid adoption of digital transformation across industries is one of the primary drivers of the Global Industry Vertical Modernization Services market. As organizations strive to stay competitive, they are increasingly turning to advanced technologies to streamline operations and improve efficiency. For instance, Amazon’s digital transformation initiatives in logistics and fulfillment centers have resulted in a 20% reduction in fulfillment errors and a 30% increase in operational throughput. Modernizing legacy systems through cloud integration, automation, and artificial intelligence (AI) enables businesses to enhance their capabilities, reduce manual errors, and boost overall productivity. This shift towards digitalization is driving significant demand for modernization services, particularly in sectors such as finance, manufacturing, and healthcare.

Increasing Need for Automation and Efficiency

Another key driver is the growing emphasis on automation to improve operational efficiency. Organizations are replacing outdated processes with automated solutions to reduce human intervention, speed up workflows, and minimize operational costs. Modernization services facilitate the integration of automation tools and cloud-based technologies into existing infrastructures, empowering businesses to enhance their performance. As industries continue to focus on operational optimization, the demand for vertical modernization services remains strong.

Tailored Industry-Specific Solutions

The demand for industry-specific solutions is another important driver of the market. Many organizations require modernization services that cater to their unique operational needs, which has led to the rise of vertical-specific modernization offerings. Whether in healthcare, finance, or manufacturing, businesses seek customized services to address their challenges and align with sector-specific goals. The ability of modernization services to provide targeted, specialized solutions helps organizations stay relevant and competitive, fueling market growth.

Market Trends

Emphasis on Data Security and Compliance

Data security and compliance remain critical factors driving modernization services, particularly in highly regulated industries. The growing frequency of cyberattacks and tightening regulations are pushing organizations to prioritize security in their modernization efforts. For example, leading practices for data protection include securing confidential data using multifactor authentication and implementing data encryption throughout the organization. Modernization services are incorporating advanced security features, such as encryption, multi-factor authentication, and real-time monitoring, to ensure that businesses remain compliant with data protection regulations. As industries seek to protect sensitive information and meet compliance requirements, the demand for secure, compliant modernization solutions continues to grow.

Shift Towards Cloud-Based Solutions

A key trend in the Global Industry Vertical Modernization Services market is the increasing adoption of cloud-based solutions. Organizations are migrating their legacy systems to the cloud to benefit from enhanced scalability, flexibility, and cost-efficiency. Cloud computing enables businesses to access real-time data, reduce infrastructure costs, and scale operations rapidly without the need for extensive hardware investments. As more industries embrace cloud technologies for modernization, the demand for services that facilitate seamless cloud integration is growing.

Rise of AI and Automation Integration

Another notable trend is the growing integration of artificial intelligence (AI) and automation into modernization services. Businesses are seeking to harness the power of AI to enhance decision-making, optimize processes, and deliver personalized experiences to customers. Automation tools, coupled with AI, help streamline workflows, minimize human errors, and improve operational efficiency. As industries across sectors such as healthcare, finance, and manufacturing continue to embrace intelligent automation, the demand for modernization services that integrate AI-driven solutions is on the rise.

Focus on Industry-Specific Customization

Customization is becoming increasingly important in the modernization services market, with a notable trend towards industry-specific solutions. As businesses face unique challenges and demands, service providers are offering tailored modernization strategies designed to meet the specific needs of various verticals. Whether in healthcare, finance, or retail, companies are looking for solutions that address their particular operational, regulatory, and technological requirements. This trend towards vertical-specific offerings enables businesses to modernize efficiently while aligning with sector-specific best practices and standards.

Market Challenges Analysis

High Initial Investment and Transition Costs

One of the significant challenges facing the Global Industry Vertical Modernization Services market is the high initial investment required for modernization efforts. Migrating from legacy systems to advanced technologies such as cloud computing, AI, and automation often involves substantial upfront costs. For instance, a survey of 600 senior IT decision-makers by Couchbase showed that enterprises, on average, planned to invest $33 million in IT in 12 months, highlighting the financial burden of digital transformation. This includes expenses related to software licensing, infrastructure upgrades, and training staff to operate new systems. For many organizations, particularly small and medium-sized enterprises, the financial burden of these investments can be a barrier to adopting modernization services. Moreover, the complexity of transitioning from legacy systems can lead to unexpected costs, including disruptions in operations, which can further deter businesses from pursuing modernization projects.

Resistance to Change and Skill Gaps

Another challenge in the market is resistance to change within organizations and the scarcity of skilled talent needed to manage and implement modernization initiatives. Many businesses are reluctant to abandon their existing systems due to concerns about the potential disruption to daily operations and the learning curve associated with new technologies. Employees may also resist adopting unfamiliar tools, hindering the success of modernization efforts. Additionally, the demand for professionals with expertise in emerging technologies such as cloud computing, AI, and automation exceeds the available supply, leading to skill gaps. This shortage of qualified talent can delay the implementation of modernization services, reduce the overall efficiency of modernization projects, and increase costs, further complicating the market landscape.

Market Opportunities

Expansion in Emerging Markets

One of the key opportunities in the Global Industry Vertical Modernization Services market lies in the expansion of services to emerging markets. As businesses in developing regions continue to digitize and modernize their infrastructure, there is significant growth potential for modernization services. Sectors such as manufacturing, retail, and healthcare are increasingly adopting advanced technologies to improve operational efficiency and stay competitive in the global market. The rise in internet connectivity and mobile penetration in these regions is accelerating the demand for cloud-based solutions, AI integration, and automation tools, creating a robust market for vertical modernization services. By tapping into these emerging markets, service providers can drive revenue growth and establish a strong foothold in regions with high digital transformation potential.

Industry-Specific Service Development

Another opportunity for growth in the market is the development of industry-specific modernization services. As organizations face unique operational and regulatory challenges, they seek tailored solutions to meet the specific needs of their sectors. By offering customized modernization strategies for verticals such as healthcare, finance, and manufacturing, service providers can address the distinct requirements of each industry, whether it’s enhanced data security, regulatory compliance, or operational efficiency. This trend toward vertical-specific solutions opens up avenues for innovation, allowing providers to differentiate themselves in a competitive market. Moreover, as industries continue to prioritize digital transformation, there is increasing demand for specialized services that can optimize business processes, enhance customer experiences, and improve profitability. By capitalizing on this trend, service providers can capture a larger share of the market and build long-term client relationships.

Market Segmentation Analysis:

By Type:

The Global Industry Vertical Modernization Services market is segmented into Industry Vertical Portfolio Assessment, Cloud Industry Vertical Migration, Industry Vertical Replatforming, Industry Vertical Integration, and Industry Vertical Retirements. Cloud Industry Vertical Migration is experiencing significant growth as organizations increasingly move their legacy systems to cloud-based platforms to leverage scalability and cost efficiency. Industry Vertical Portfolio Assessment is gaining traction as businesses seek to evaluate and optimize their existing technology assets for better alignment with evolving market demands. Replatforming and Integration services are also in high demand, driven by the need for seamless connectivity between modernized systems and legacy infrastructure. Additionally, Industry Vertical Retirements represent a niche but crucial segment as outdated technologies are phased out to enhance operational agility and security.

By Industry Vertical:
The market is further segmented based on Industry Verticals, including BFSI, IT and Telecom, Retail and E-commerce, Healthcare, and Others. BFSI leads the adoption of modernization services due to the sector’s need for secure, compliant, and efficient systems. IT and Telecom are rapidly implementing modernization to manage increasing data volumes and complex infrastructure. Retail and E-commerce rely on modernization for enhanced customer experience and optimized supply chain management. The Healthcare sector is also a significant adopter, focusing on compliance and improved patient data management. Other sectors, including manufacturing and government, present additional growth opportunities as digital transformation accelerates across industries.

Segments:

Based on Type:

  • Industry Vertical Portfolio Assessment
  • Cloud Industry Vertical Migration
  • Industry Vertical Replatforming
  • Industry Vertical Integration
  • Industry Vertical Retirements

Based on Industry Vertical:

  • BFSI
  • IT and Telecom
  • Retail and E-commerce
  • Healthcare
  • Others

Based on Deployment Mode:

  • On-Premises
  • Cloud

Based on Enterprise Size:

  • Small and Medium Enterprises (SMEs)
  • Large Enterprises

Based on the Geography:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Belgium
    • Netherlands
    • Austria
    • Sweden
    • Poland
    • Denmark
    • Switzerland
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Thailand
    • Indonesia
    • Vietnam
    • Malaysia
    • Philippines
    • Taiwan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Chile
    • Colombia
    • Rest of Latin America
  • Middle East
    • UAE
    • KSA
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East
  • Africa
    • Egypt
    • Nigeria
    • Algeria
    • Morocco
    • Rest of Africa

Regional Analysis

North America

North America holds a dominant position in the Global Industry Vertical Modernization Services market, accounting for approximately 35% of the market share in 2023. The region’s leadership is driven by the rapid adoption of advanced technologies and the presence of major technology providers. Industries such as BFSI, healthcare, and retail are actively embracing modernization services to optimize processes and enhance customer experiences. High cloud computing adoption, robust infrastructure, and regulatory requirements related to data security further fuel market growth. The United States, with its strong emphasis on digital transformation across industries, remains the largest contributor to North America’s market share. The region’s focus on AI integration, cloud migration, and cybersecurity will continue to drive demand for modernization services.

Europe

Europe captures around 28% of the global market share, making it the second-largest region in the industry vertical modernization services market. The growth in Europe is propelled by increasing investments in digital transformation across sectors such as manufacturing, IT and telecom, and BFSI. Government initiatives promoting Industry 4.0 and data protection regulations like GDPR are key factors encouraging businesses to modernize their IT infrastructure. Countries such as Germany, the UK, and France are at the forefront of adopting cloud solutions, AI, and automation technologies. The emphasis on sustainability and energy-efficient solutions is also contributing to the rising demand for industry-specific modernization services in Europe.

Asia Pacific

Asia Pacific is an emerging market, accounting for a market share of approximately 22% in 2023. The region’s rapid economic growth, coupled with increasing digitization across key industries, drives the demand for modernization services. China, Japan, and India are leading the adoption of cloud computing, AI-based solutions, and automation. The region’s booming IT and telecom sector, expanding retail industry, and government-led digital transformation initiatives create significant opportunities for service providers. Additionally, the increasing focus on smart manufacturing and technology-driven healthcare solutions further boosts the market in Asia Pacific. The region’s potential for growth remains high due to its large consumer base and accelerating technological advancements.

Latin America

Latin America holds a smaller yet growing market share of approximately 10%. The region’s demand for modernization services is driven by the rising adoption of cloud platforms and digital solutions in industries like retail, BFSI, and manufacturing. Countries such as Brazil and Mexico are increasingly investing in modern IT infrastructure to enhance operational efficiency and gain competitive advantages. Although challenges like economic volatility and skill shortages persist, government initiatives to promote digital transformation and cybersecurity are creating a favorable environment for modernization services. Service providers focusing on tailored solutions for the region’s unique market dynamics can capitalize on untapped growth opportunities.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Key Player Analysis

  • Accenture
  • IBM Corporation
  • Tata Consultancy Services (TCS)
  • Infosys
  • Wipro
  • HCL Technologies
  • Capgemini
  • Cognizant
  • Microsoft Corporation
  • Amazon Web Services (AWS)

Competitive Analysis

The competitive landscape of the Global Industry Vertical Modernization Services market is characterized by the presence of several prominent players striving to strengthen their market position through innovation and strategic partnerships. Leading companies such as Accenture, IBM Corporation, Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, Capgemini, Cognizant, Microsoft Corporation, and Amazon Web Services (AWS) dominate the industry with comprehensive service offerings. For instance, Fujitsu partnered with Amazon Web Services (AWS) to accelerate the modernization of legacy applications through deployment on the AWS Cloud. These players focus on delivering customized modernization strategies tailored to specific industry verticals, integrating advanced technologies like artificial intelligence, automation, cloud migration, and data analytics. They invest significantly in research and development to enhance their product portfolios and differentiate their offerings. Strategic collaborations with enterprises across BFSI, IT and telecom, retail, and healthcare sectors allow these companies to expand their client base and geographic reach. Additionally, the market is witnessing increased consolidation as companies pursue mergers and acquisitions to enhance technological capabilities and market presence. Continuous innovation in cloud computing, cybersecurity, and compliance solutions remains a key competitive factor. By leveraging their extensive expertise, diverse portfolios, and global delivery networks, these market leaders maintain a competitive edge in meeting the evolving demands of modernization services across various industries.

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, 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 January 2024, IBM Corporation acquired application modernization capabilities from Advanced, increasing IBM Consulting’s offerings in mainframe application and data modernization services. The acquisition is intended to enhance IBM’s ability to provide a comprehensive range of options for modernizing mainframe applications, aligning with the abilities of IBM Watsonx Code Assistant for Z, a generative AI-assisted tool designed to expedite mainframe application modernization.
  • 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 Global Industry Vertical Modernization Services market exhibits a moderately concentrated structure, with a few prominent players holding a significant share of the market while numerous smaller firms compete for niche opportunities. Major companies such as Accenture, IBM Corporation, and Tata Consultancy Services dominate the industry due to their extensive global presence, robust technological expertise, and broad service portfolios. These leaders benefit from economies of scale, strategic partnerships, and advanced R&D investments, enabling them to offer highly customized and scalable solutions across diverse industry verticals. The market is characterized by continuous technological advancements, where cloud computing, artificial intelligence, and automation are pivotal in shaping service offerings. Companies focus on delivering industry-specific modernization services, addressing regulatory compliance, data security, and integration challenges. The industry also features high entry barriers due to the complexity of legacy system transformations and the substantial capital investment required for developing competitive solutions. However, increasing demand for digital transformation and region-specific modernization needs creates opportunities for emerging players to carve out specialized roles. Overall, the competitive dynamics reflect a combination of consolidation strategies among key players and innovation-driven differentiation, fostering a dynamic market environment focused on delivering efficient, secure, and future-ready modernization solutions.

Report Coverage

The research report offers an in-depth analysis based on Type, Industry Vertical, Deployment Mode, Enterprise 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 market for Industry Vertical Modernization Services is expected to witness rapid growth driven by increased digital transformation initiatives across industries.
  2. Rising adoption of cloud computing and AI-powered solutions will remain a primary factor shaping modernization services.
  3. Demand for customized and industry-specific modernization strategies is projected to increase significantly.
  4. Companies will continue prioritizing data security and regulatory compliance in modernization efforts.
  5. The shift towards automation will streamline operations and enhance decision-making capabilities across sectors.
  6. Emerging markets in Asia Pacific and Latin America will offer substantial growth opportunities.
  7. Strategic partnerships and collaborations will drive market expansion and service innovation.
  8. High implementation costs and complexities in transforming legacy systems will remain key challenges.
  9. Continuous advancements in technology will lead to new product offerings and service enhancements.
  10. Leading players will focus on mergers, acquisitions, and innovation to strengthen market positioning and expand their global footprint.

CHAPTER NO. 1 : INTRODUCTION 29

1.1.1. Report Description 29

Purpose of the Report 29

USP & Key Offerings 29

1.1.2. Key Benefits for Stakeholders 29

1.1.3. Target Audience 30

1.1.4. Report Scope 30

1.1.5. Regional Scope 31

CHAPTER NO. 2 : EXECUTIVE SUMMARY 32

2.1. Industry Vertical Modernization Services Market Snapshot 32

2.1.1. Global Industry Vertical Modernization Services Market, 2018 – 2032 (USD Million) 33

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 34

3.1. Russia-Ukraine and Israel-Palestine War Impacts 34

CHAPTER NO. 4 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – INDUSTRY ANALYSIS 35

4.1. Introduction 35

4.2. Market Drivers 36

4.2.1. Increasing adoption of cloud-based technologies 36

4.2.2. Growing need for enhanced scalability and flexibility in IT infrastructure 37

4.3. Market Restraints 38

4.3.1. High costs associated with legacy system transformation 38

4.4. Market Opportunities 39

4.4.1. Rising demand for AI-driven modernization solutions 39

4.5. Porter’s Five Forces Analysis 40

4.6. Value Chain Analysis 41

4.7. Buying Criteria 42

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 43

5.1. Import Analysis by Region 43

5.1.1. Global Industry Vertical Modernization Services Market Import Volume/Revenue, By Region, 2018 – 2023 43

5.2. Export Analysis by Region 44

5.2.1. Global Industry Vertical Modernization Services Market Export Volume/Revenue, By Region, 2018 – 2023 44

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 45

6.1. Demand Analysis by Region 45

6.1.1. Global Industry Vertical Modernization Services Market Demand Volume/Revenue, By Region, 2018 – 2023 45

6.2. Supply Analysis by Region 46

6.2.1. Global Industry Vertical Modernization Services Market Supply Volume/Revenue, By Region, 2018 – 2023 46

CHAPTER NO. 7 : PRODUCTION ANALYSIS 47

7.1. Production Analysis by Region 47

7.1.1. Global Industry Vertical Modernization Services Market Production Volume/Revenue, By Region, 2018 – 2023 47

CHAPTER NO. 8 : PRICE ANALYSIS 48

8.1. Price Analysis by Region 48

8.1.1. Global Industry Vertical Modernization Services Market Price, By Region, 2018 – 2023 48

8.1.2. Global Type Market Price, By Region, 2018 – 2023 48

8.2. Price Analysis by Type 49

8.2.1. Global Industry Vertical Modernization Services Market Price, By Type, 2018 – 2023 49

8.2.2. Global Type Market Price, By Type, 2018 – 2023 49

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 50

9.1. Key Raw Materials and Suppliers 50

9.2. Key Raw Materials Price Trend 50

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 51

10.1. Manufacturing Cost Analysis 51

10.2. Manufacturing Process 51

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 52

11.1. Company Market Share Analysis – 2023 52

11.1.1. Global Industry Vertical Modernization Services Market: Company Market Share, by Volume, 2023 52

11.1.2. Global Industry Vertical Modernization Services Market: Company Market Share, by Revenue, 2023 53

11.1.3. Global Industry Vertical Modernization Services Market: Top 6 Company Market Share, by Revenue, 2023 53

11.1.4. Global Industry Vertical Modernization Services Market: Top 3 Company Market Share, by Revenue, 2023 54

11.2. Global Industry Vertical Modernization Services Market Company Volume Market Share, 2023 55

11.3. Global Industry Vertical Modernization Services Market Company Revenue Market Share, 2023 56

11.4. Company Assessment Metrics, 2023 56

11.4.1. Stars 56

11.4.2. Emerging Leaders 56

11.4.3. Pervasive Players 56

11.4.4. Participants 56

11.5. Start-ups /SMEs Assessment Metrics, 2023 56

11.5.1. Progressive Companies 57

11.5.2. Responsive Companies 57

11.5.3. Dynamic Companies 57

11.5.4. Starting Blocks 57

11.6. Strategic Developments 58

11.6.1. Acquisitions & Mergers 58

New Product Launch 58

Regional Expansion 58

11.7. Key Players Product Matrix 59

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 60

12.1. PESTEL 60

12.1.1. Political Factors 60

12.1.2. Economic Factors 60

12.1.3. Social Factors 60

12.1.4. Technological Factors 60

12.1.5. Environmental Factors 60

12.1.6. Legal Factors 60

12.2. Adjacent Market Analysis 60

CHAPTER NO. 13 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – BY TYPE SEGMENT ANALYSIS 61

13.1. Industry Vertical Modernization Services Market Overview, by Type Segment 61

13.1.1. Industry Vertical Modernization Services Market Revenue Share, By Type, 2023 & 2032 62

13.1.2. Industry Vertical Modernization Services Market Attractiveness Analysis, By Type 63

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 63

13.1.4. Industry Vertical Modernization Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 64

13.2. Industry Vertical Portfolio Assessment 65

13.2.1. Global Industry Vertical Portfolio Assessment Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 66

13.2.2. Global Industry Vertical Portfolio Assessment Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 66

13.3. Cloud Industry Vertical Migration 67

13.3.1. Global Cloud Industry Vertical Migration Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 68

13.3.2. Global Cloud Industry Vertical Migration Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 68

13.4. Industry Vertical Replatforming 69

13.4.1. Global Industry Vertical Replatforming Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 70

13.4.2. Global Industry Vertical Replatforming Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 70

13.5. Industry Vertical Integration 71

13.5.1. Global Industry Vertical Integration Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 72

13.5.2. Global Industry Vertical Integration Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 72

13.6. Industry Vertical Retirements 73

13.6.1. Global Industry Vertical Retirements Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 74

13.6.2. Global Industry Vertical Retirements Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 74

CHAPTER NO. 14 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – BY INDUSTRY VERTICAL SEGMENT ANALYSIS 75

14.1. Industry Vertical Modernization Services Market Overview, by Industry Vertical Segment 75

14.1.1. Industry Vertical Modernization Services Market Revenue Share, By Industry Vertical, 2023 & 2032 76

14.1.2. Industry Vertical Modernization Services Market Attractiveness Analysis, By Industry Vertical 77

14.1.3. Incremental Revenue Growth Opportunity, by Industry Vertical, 2024 – 2032 77

14.1.4. Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018, 2023, 2027 & 2032 78

14.2. BFSI 79

14.2.1. Global BFSI Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 80

14.2.2. Global BFSI Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 80

14.3. IT and Telecom 81

14.3.1. Global IT and Telecom Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 82

14.3.2. Global IT and Telecom Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 82

14.4. Retail and E-commerce 83

14.4.1. Global Retail and E-commerce Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 84

14.4.2. Global Retail and E-commerce Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 84

14.5. Healthcare 85

14.5.1. Global Healthcare Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 86

14.5.2. Global Healthcare Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 86

14.6. Others 87

14.6.1. Global Others Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 88

14.6.2. Global Others Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 88

CHAPTER NO. 15 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – BY DEPLOYMENT MODE SEGMENT ANALYSIS 89

15.1. Industry Vertical Modernization Services Market Overview, by Deployment Mode Segment 89

15.1.1. Industry Vertical Modernization Services Market Revenue Share, By Deployment Mode, 2023 & 2032 90

15.1.2. Industry Vertical Modernization Services Market Attractiveness Analysis, By Deployment Mode 91

15.1.3. Incremental Revenue Growth Opportunity, by Deployment Mode, 2024 – 2032 91

15.1.4. Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018, 2023, 2027 & 2032 92

15.2. On-Premises 93

15.2.1. Global On-Premises Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 94

15.2.2. Global On-Premises Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 94

15.3. Cloud 95

15.3.1. Global Cloud Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 96

15.3.2. Global Cloud Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 96

CHAPTER NO. 16 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – BY ENTERPRISE SIZE SEGMENT ANALYSIS 97

16.1. Industry Vertical Modernization Services Market Overview, by Enterprise Size Segment 97

16.1.1. Industry Vertical Modernization Services Market Revenue Share, By Enterprise Size, 2023 & 2032 98

16.1.2. Industry Vertical Modernization Services Market Attractiveness Analysis, By Enterprise Size 99

16.1.3. Incremental Revenue Growth Opportunity, by Enterprise Size, 2024 – 2032 99

16.1.4. Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018, 2023, 2027 & 2032 100

16.2. Small and Medium Enterprises (SMEs) 101

16.2.1. Global Small and Medium Enterprises (SMEs) Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 102

16.2.2. Global Small and Medium Enterprises (SMEs) Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 102

16.3. Large Enterprises 103

16.3.1. Global Large Enterprises Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 104

16.3.2. Global Large Enterprises Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 104

CHAPTER NO. 17 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – REGIONAL ANALYSIS 105

17.1. Industry Vertical Modernization Services Market Overview, by Regional Segments 105

17.2. Region 106

17.2.1. Global Industry Vertical Modernization Services Market Revenue Share, By Region, 2023 & 2032 106

17.2.2. Industry Vertical Modernization Services Market Attractiveness Analysis, By Region 107

17.2.3. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 107

17.2.4. Industry Vertical Modernization Services Market Revenue, By Region, 2018, 2023, 2027 & 2032 108

17.2.5. Global Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 109

17.2.6. Global Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 109

17.3. Type 110

17.3.1. Global Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 110

17.4. Global Industry Vertical Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 110

17.5. Industry Vertical 112

17.5.1. Global Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 112

17.5.2. Global Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 112

17.6. Deployment Mode 113

17.6.1. Global Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 113

17.6.2. Global Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 113

17.7. Enterprise Size 114

17.7.1. Global Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 114

17.7.2. Global Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2024 – 2032 (USD Million) 114

CHAPTER NO. 18 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – NORTH AMERICA 115

18.1. North America 115

18.1.1. Key Highlights 115

18.1.2. North America Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 116

18.1.3. North America Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 117

18.1.4. North America Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 118

18.1.5. North America Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 119

18.1.6. North America Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 120

18.2. U.S. 121

18.3. Canada 121

18.4. Mexico 121

CHAPTER NO. 19 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – EUROPE 122

19.1. Europe 122

19.1.1. Key Highlights 122

19.1.2. Europe Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 123

19.1.3. Europe Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 124

19.1.4. Europe Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 125

19.1.5. Europe Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 126

19.1.6. Europe Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 127

19.2. UK 128

19.3. France 128

19.4. Germany 128

19.5. Italy 128

19.6. Spain 128

19.7. Russia 128

19.8. Belgium 128

19.9. Netherland 128

19.10. Austria 128

19.11. Sweden 128

19.12. Poland 128

19.13. Denmark 128

19.14. Switzerland 128

19.15. Rest of Europe 128

CHAPTER NO. 20 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – ASIA PACIFIC 129

20.1. Asia Pacific 129

20.1.1. Key Highlights 129

20.1.2. Asia Pacific Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 130

20.1.3. Asia Pacific Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 131

20.1.4. Asia Pacific Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 132

20.1.5. Asia Pacific Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 133

20.1.6. Asia Pacific Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 134

20.2. China 135

20.3. Japan 135

20.4. South Korea 135

20.5. India 135

20.6. Australia 135

20.7. Thailand 135

20.8. Indonesia 135

20.9. Vietnam 135

20.10. Malaysia 135

20.11. Philippines 135

20.12. Taiwan 135

20.13. Rest of Asia Pacific 135

CHAPTER NO. 21 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – LATIN AMERICA 136

21.1. Latin America 136

21.1.1. Key Highlights 136

21.1.2. Latin America Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 137

21.1.3. Latin America Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 138

21.1.4. Latin America Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 139

21.1.5. Latin America Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 140

21.1.6. Latin America Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 141

21.2. Brazil 142

21.3. Argentina 142

21.4. Peru 142

21.5. Chile 142

21.6. Colombia 142

21.7. Rest of Latin America 142

CHAPTER NO. 22 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – MIDDLE EAST 143

22.1. Middle East 143

22.1.1. Key Highlights 143

22.1.2. Middle East Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 144

22.1.3. Middle East Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 145

22.1.4. Middle East Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 146

22.1.5. Middle East Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 147

22.1.6. Middle East Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 148

22.2. UAE 149

22.3. KSA 149

22.4. Israel 149

22.5. Turkey 149

22.6. Iran 149

22.7. Rest of Middle East 149

CHAPTER NO. 23 : INDUSTRY VERTICAL MODERNIZATION SERVICES MARKET – AFRICA 150

23.1. Africa 150

23.1.1. Key Highlights 150

23.1.2. Africa Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 151

23.1.3. Africa Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 152

23.1.4. Africa Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 153

23.1.5. Africa Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 154

23.1.6. Africa Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 155

23.2. Egypt 156

23.3. Nigeria 156

23.4. Algeria 156

23.5. Morocco 156

23.6. Rest of Africa 156

CHAPTER NO. 24 : COMPANY PROFILES 157

24.1. Accenture 157

24.1.1. Company Overview 157

24.1.2. Product Portfolio 157

24.1.3. Swot Analysis 157

24.1.4. Business Strategy 158

24.1.5. Financial Overview 158

24.2. IBM Corporation 159

24.3. Tata Consultancy Services (TCS) 159

24.4. Infosys 159

24.5. Wipro 159

24.6. HCL Technologies 159

24.7. Capgemini 159

24.8. Cognizant 159

24.9. Microsoft Corporation 159

24.10. Amazon Web Services (AWS) 159

 

List of Figures

FIG NO. 1. Global Industry Vertical Modernization Services Market Revenue, 2018 – 2032 (USD Million) 36

FIG NO. 2. Porter’s Five Forces Analysis for Global Industry Vertical Modernization Services Market 43

FIG NO. 3. Value Chain Analysis for Global Industry Vertical Modernization Services Market 44

FIG NO. 4. Global Industry Vertical Modernization Services Market Import Volume/Revenue, By Region, 2018 – 2023 46

FIG NO. 5. Global Industry Vertical Modernization Services Market Export Volume/Revenue, By Region, 2018 – 2023 47

FIG NO. 6. Global Industry Vertical Modernization Services Market Demand Volume/Revenue, By Region, 2018 – 2023 48

FIG NO. 7. Global Industry Vertical Modernization Services Market Supply Volume/Revenue, By Region, 2018 – 2023 49

FIG NO. 8. Global Industry Vertical Modernization Services Market Production Volume/Revenue, By Region, 2018 – 2023 50

FIG NO. 9. Global Industry Vertical Modernization Services Market Price, By Region, 2018 – 2023 51

FIG NO. 10. Global Industry Vertical Modernization Services Market Price, By Type, 2018 – 2023 52

FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 53

FIG NO. 12. Manufacturing Cost Analysis 54

FIG NO. 13. Manufacturing Process 54

FIG NO. 14. Company Share Analysis, 2023 55

FIG NO. 15. Company Share Analysis, 2023 56

FIG NO. 16. Company Share Analysis, 2023 56

FIG NO. 17. Company Share Analysis, 2023 57

FIG NO. 18. Industry Vertical Modernization Services Market – Company Volume  Market Share, 2023 58

FIG NO. 19. Industry Vertical Modernization Services Market – Company Revenue Market Share, 2023 59

FIG NO. 20. Industry Vertical Modernization Services Market Revenue Share, By Type, 2023 & 2032 65

FIG NO. 21. Market Attractiveness Analysis, By Type 66

FIG NO. 22. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 66

FIG NO. 23. Industry Vertical Modernization Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 67

FIG NO. 24. Global Industry Vertical Modernization Services Market for Industry Vertical Portfolio Assessment, Revenue (USD Million) 2018 – 2032 68

FIG NO. 25. Global Industry Vertical Modernization Services Market for Cloud Industry Vertical Migration, Revenue (USD Million) 2018 – 2032 70

FIG NO. 26. Global Industry Vertical Modernization Services Market for Industry Vertical Replatforming, Revenue (USD Million) 2018 – 2032 72

FIG NO. 27. Global Industry Vertical Modernization Services Market for Industry Vertical Integration, Revenue (USD Million) 2018 – 2032 74

FIG NO. 28. Global Industry Vertical Modernization Services Market for Industry Vertical Retirements, Revenue (USD Million) 2018 – 2032 76

FIG NO. 29. Industry Vertical Modernization Services Market Revenue Share, By Industry Vertical, 2023 & 2032 79

FIG NO. 30. Market Attractiveness Analysis, By Industry Vertical 80

FIG NO. 31. Incremental Revenue Growth Opportunity by Industry Vertical, 2024 – 2032 80

FIG NO. 32. Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018, 2023, 2027 & 2032 81

FIG NO. 33. Global Industry Vertical Modernization Services Market for BFSI, Revenue (USD Million) 2018 – 2032 82

FIG NO. 34. Global Industry Vertical Modernization Services Market for IT and Telecom, Revenue (USD Million) 2018 – 2032 84

FIG NO. 35. Global Industry Vertical Modernization Services Market for Retail and E-commerce, Revenue (USD Million) 2018 – 2032 86

FIG NO. 36. Global Industry Vertical Modernization Services Market for Healthcare, Revenue (USD Million) 2018 – 2032 88

FIG NO. 37. Global Industry Vertical Modernization Services Market for Others, Revenue (USD Million) 2018 – 2032 90

FIG NO. 38. Industry Vertical Modernization Services Market Revenue Share, By Deployment Mode, 2023 & 2032 93

FIG NO. 39. Market Attractiveness Analysis, By Deployment Mode 94

FIG NO. 40. Incremental Revenue Growth Opportunity by Deployment Mode, 2024 – 2032 94

FIG NO. 41. Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018, 2023, 2027 & 2032 95

FIG NO. 42. Global Industry Vertical Modernization Services Market for On-Premises, Revenue (USD Million) 2018 – 2032 96

FIG NO. 43. Global Industry Vertical Modernization Services Market for Cloud, Revenue (USD Million) 2018 – 2032 98

FIG NO. 44. Industry Vertical Modernization Services Market Revenue Share, By Enterprise Size, 2023 & 2032 101

FIG NO. 45. Market Attractiveness Analysis, By Enterprise Size 102

FIG NO. 46. Incremental Revenue Growth Opportunity by Enterprise Size, 2024 – 2032 102

FIG NO. 47. Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018, 2023, 2027 & 2032 103

FIG NO. 48. Global Industry Vertical Modernization Services Market for Small and Medium Enterprises (SMEs), Revenue (USD Million) 2018 – 2032 104

FIG NO. 49. Global Industry Vertical Modernization Services Market for Large Enterprises, Revenue (USD Million) 2018 – 2032 106

FIG NO. 50. Global Industry Vertical Modernization Services Market Revenue Share, By Region, 2023 & 2032 109

FIG NO. 51. Market Attractiveness Analysis, By Region 110

FIG NO. 52. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 110

FIG NO. 53. Industry Vertical Modernization Services Market Revenue, By Region, 2018, 2023, 2027 & 2032 111

FIG NO. 54. North America Industry Vertical Modernization Services Market Revenue, 2018 – 2032 (USD Million) 118

FIG NO. 55. Europe Industry Vertical Modernization Services Market Revenue, 2018 – 2032 (USD Million) 125

FIG NO. 56. Asia Pacific Industry Vertical Modernization Services Market Revenue, 2018 – 2032 (USD Million) 132

FIG NO. 57. Latin America Industry Vertical Modernization Services Market Revenue, 2018 – 2032 (USD Million) 139

FIG NO. 58. Middle East Industry Vertical Modernization Services Market Revenue, 2018 – 2032 (USD Million) 146

FIG NO. 59. Africa Industry Vertical Modernization Services Market Revenue, 2018 – 2032 (USD Million) 153

List of Tables

TABLE NO. 1. : Global Industry Vertical Modernization Services Market: Snapshot 36

TABLE NO. 2. : Drivers for the Industry Vertical Modernization Services Market: Impact Analysis 40

TABLE NO. 3. : Restraints for the Industry Vertical Modernization Services Market: Impact Analysis 42

TABLE NO. 4. : Global Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 52

TABLE NO. 5. : Global Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 53

TABLE NO. 6. : Key Raw Materials & Suppliers 54

TABLE NO. 7. : Global Industry Vertical Portfolio Assessment Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 70

TABLE NO. 8. : Global Industry Vertical Portfolio Assessment Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 70

TABLE NO. 9. : Global Cloud Industry Vertical Migration Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 72

TABLE NO. 10. : Global Cloud Industry Vertical Migration Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 72

TABLE NO. 11. : Global Industry Vertical Replatforming Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 74

TABLE NO. 12. : Global Industry Vertical Replatforming Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 74

TABLE NO. 13. : Global Industry Vertical Integration Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 76

TABLE NO. 14. : Global Industry Vertical Integration Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 76

TABLE NO. 15. : Global Industry Vertical Retirements Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 78

TABLE NO. 16. : Global Industry Vertical Retirements Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 78

TABLE NO. 17. : Global BFSI Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 84

TABLE NO. 18. : Global BFSI Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 84

TABLE NO. 19. : Global IT and Telecom Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 86

TABLE NO. 20. : Global IT and Telecom Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 86

TABLE NO. 21. : Global Retail and E-commerce Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 88

TABLE NO. 22. : Global Retail and E-commerce Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 88

TABLE NO. 23. : Global Healthcare Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 90

TABLE NO. 24. : Global Healthcare Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 90

TABLE NO. 25. : Global Others Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 92

TABLE NO. 26. : Global Others Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 92

TABLE NO. 27. : Global On-Premises Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 98

TABLE NO. 28. : Global On-Premises Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 98

TABLE NO. 29. : Global Cloud Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 100

TABLE NO. 30. : Global Cloud Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 100

TABLE NO. 31. : Global Small and Medium Enterprises (SMEs) Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 106

TABLE NO. 32. : Global Small and Medium Enterprises (SMEs) Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 106

TABLE NO. 33. : Global Large Enterprises Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 108

TABLE NO. 34. : Global Large Enterprises Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 108

TABLE NO. 35. : Global Industry Vertical Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 113

TABLE NO. 36. : Global Industry Vertical Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 113

TABLE NO. 37. : Global Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 114

TABLE NO. 38. : Global Industry Vertical Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 114

TABLE NO. 39. : Global Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 116

TABLE NO. 40. : Global Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 116

TABLE NO. 41. : Global Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 117

TABLE NO. 42. : Global Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 117

TABLE NO. 43. : Global Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 118

TABLE NO. 44. : Global Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2024 – 2032 (USD Million) 118

TABLE NO. 45. : North America Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 120

TABLE NO. 46. : North America Industry Vertical Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 120

TABLE NO. 47. : North America Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 121

TABLE NO. 48. : North America Industry Vertical Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 121

TABLE NO. 49. : North America Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 122

TABLE NO. 50. : North America Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 122

TABLE NO. 51. : North America Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 123

TABLE NO. 52. : North America Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 123

TABLE NO. 53. : North America Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 124

TABLE NO. 54. : North America Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2024 – 2032 (USD Million) 124

TABLE NO. 55. : Europe Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 127

TABLE NO. 56. : Europe Industry Vertical Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 127

TABLE NO. 57. : Europe Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 128

TABLE NO. 58. : Europe Industry Vertical Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 128

TABLE NO. 59. : Europe Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 129

TABLE NO. 60. : Europe Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 129

TABLE NO. 61. : Europe Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 130

TABLE NO. 62. : Europe Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 130

TABLE NO. 63. : Europe Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 131

TABLE NO. 64. : Europe Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2024 – 2032 (USD Million) 131

TABLE NO. 65. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 134

TABLE NO. 66. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 134

TABLE NO. 67. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 135

TABLE NO. 68. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 135

TABLE NO. 69. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 136

TABLE NO. 70. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 136

TABLE NO. 71. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 137

TABLE NO. 72. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 137

TABLE NO. 73. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 138

TABLE NO. 74. : Asia Pacific Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2024 – 2032 (USD Million) 138

TABLE NO. 75. : Latin America Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 141

TABLE NO. 76. : Latin America Industry Vertical Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 141

TABLE NO. 77. : Latin America Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 142

TABLE NO. 78. : Latin America Industry Vertical Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 142

TABLE NO. 79. : Latin America Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 143

TABLE NO. 80. : Latin America Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 143

TABLE NO. 81. : Latin America Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 144

TABLE NO. 82. : Latin America Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 144

TABLE NO. 83. : Latin America Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 145

TABLE NO. 84. : Latin America Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2024 – 2032 (USD Million) 145

TABLE NO. 85. : Middle East Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 148

TABLE NO. 86. : Middle East Industry Vertical Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 148

TABLE NO. 87. : Middle East Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 149

TABLE NO. 88. : Middle East Industry Vertical Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 149

TABLE NO. 89. : Middle East Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 150

TABLE NO. 90. : Middle East Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 150

TABLE NO. 91. : Middle East Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 151

TABLE NO. 92. : Middle East Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 151

TABLE NO. 93. : Middle East Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 152

TABLE NO. 94. : Middle East Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2024 – 2032 (USD Million) 152

TABLE NO. 95. : Africa Industry Vertical Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 155

TABLE NO. 96. : Africa Industry Vertical Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 155

TABLE NO. 97. : Africa Industry Vertical Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 156

TABLE NO. 98. : Africa Industry Vertical Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 156

TABLE NO. 99. : Africa Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2018 – 2023 (USD Million) 157

TABLE NO. 100. : Africa Industry Vertical Modernization Services Market Revenue, By Industry Vertical, 2024 – 2032 (USD Million) 157

TABLE NO. 101. : Africa Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 158

TABLE NO. 102. : Africa Industry Vertical Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 158

TABLE NO. 103. : Africa Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2018 – 2023 (USD Million) 159

TABLE NO. 104. : Africa Industry Vertical Modernization Services Market Revenue, By Enterprise Size, 2024 – 2032 (USD Million) 159

 

Frequently Asked Questions

What is the current size of the Global Industry Vertical Modernization Services Market?

The Global Industry Vertical Modernization Services market was valued at USD 1,851.37 million in 2023 and is projected to grow to USD 5,524.06 million by 2032, reflecting a compound annual growth rate (CAGR) of 14.64% during the forecast period.

What factors are driving the growth of the Global Industry Vertical Modernization Services Market?

The market’s growth is driven by the increasing adoption of digital transformation, demand for cloud-based solutions, and the integration of AI and automation to enhance operational efficiency. Additionally, businesses are focusing on data security, regulatory compliance, and industry-specific solutions to stay competitive, further propelling the demand for modernization services.

What are the key segments within the Global Industry Vertical Modernization Services Market?

Key segments include type (Industry Vertical Portfolio Assessment, Cloud Industry Vertical Migration, Industry Vertical Replatforming, Industry Vertical Integration, and Industry Vertical Retirements), industry verticals (BFSI, IT and Telecom, Retail and E-commerce, Healthcare, and Others), deployment modes (on-premises and cloud), and enterprise size (Small and Medium Enterprises and Large Enterprises).

What are some challenges faced by the Global Industry Vertical Modernization Services Market?

Challenges include high initial investment costs and the complexities associated with transitioning from legacy systems to modern infrastructure. Additionally, resistance to change within organizations and a shortage of skilled professionals with expertise in emerging technologies pose significant barriers to market growth.

Who are the major players in the Global Industry Vertical Modernization Services Market?

Key players include Accenture, IBM Corporation, Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies, Capgemini, Cognizant, Microsoft Corporation, and Amazon Web Services (AWS). These companies focus on innovation, strategic partnerships, and industry-specific solutions to maintain a competitive edge.

South Africa Industry Vertical Modernization Services Market

Published:
Report ID: 75489

Latin America Industry Vertical Modernization Services Market

Published:
Report ID: 75250

CMO/CDMO Industry in Brazil Market

Published:
Report ID: 74322

Australia Industry Vertical Modernization Services Market

Published:
Report ID: 72975

Middle East Industry Vertical Modernization Services Market

Published:
Report ID: 72684

Thailand Industry Vertical Modernization Services Market

Published:
Report ID: 72444

Vietnam Industry Vertical Modernization Services Market

Published:
Report ID: 71991

India Industry Vertical Modernization Services Market

Published:
Report ID: 71445

Indonesia Industry Vertical Modernization Services Market

Published:
Report ID: 71152

Commercial Induction Cooktops Market

Published:
Report ID: 75555

Commercial Catering Equipment Market

Published:
Report ID: 75545

Commercial Beverage Dispenser Market

Published:
Report ID: 75541

South Africa Industry Vertical Modernization Services Market

Published:
Report ID: 75489

Men’s Intimate Care Products Market

Published:
Report ID: 75436

Meal Kit Delivery Services Market

Published:
Report ID: 75421

Garcinia Cambogia Market

Published:
Report ID: 75371

Furniture Rental Services Market

Published:
Report ID: 75365

Latin America Industry Vertical Modernization Services Market

Published:
Report ID: 75250

Massoia Bark Essential Oil Market

Published:
Report ID: 75181

Mattress and Furniture Bags Market

Published:
Report ID: 75182

Lavandula Oil (Lavender Oil) Market

Published:
Report ID: 75184

Purchase Options

The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing.
$4699

To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis and multi-location access, making it an excellent choice for organizations with distributed workforce.
$5699

The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc.’s research team. It is highly recommended for organizations seeking to execute short, customized research projects related to the scope of the purchased report.
$7699

Smallform of Sample request

Have a question?

User Profile

Don’t settle for less – trust Mitul to help you find the best solution.

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN