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

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Mainframe Modernization Services Market Size 2023	USD 17,805.00 million
Mainframe Modernization Services Market, CAGR	16.46%
Mainframe Modernization Services Market Size 2032	USD 69,007.15 million

Market Overview

The Global Mainframe Modernization Services Market is projected to grow from USD 17,805.00 million in 2023 to USD 69,007.15 million by 2032, registering a robust CAGR of 16.46% during the forecast period.

The growth of the Global Mainframe Modernization Services market is driven by the increasing demand for improved scalability, agility, and operational efficiency in legacy systems across industries. Organizations are focusing on adopting modern IT infrastructures to support digital transformation initiatives and meet evolving customer expectations. The rise in cloud computing adoption, coupled with the growing need for cost optimization, has further propelled the shift towards mainframe modernization. Additionally, advancements in AI and machine learning technologies are enabling seamless integration and enhanced performance of modernized mainframe systems. Key trends include the rising preference for hybrid cloud solutions, accelerated deployment of automation tools, and the adoption of DevOps practices to streamline modernization processes. These trends reflect the critical role of mainframe modernization in achieving strategic business goals and maintaining competitive advantage in a rapidly evolving digital landscape.

The Global Mainframe Modernization Services market is experiencing significant growth across key regions, including North America, Europe, Asia Pacific, and Latin America & the Middle East. North America, driven by its advanced technological infrastructure, is a major player in this market, with organizations increasingly adopting modernization services to enhance efficiency and scalability. Europe follows closely, with businesses focusing on digital transformation across various industries. Asia Pacific is seeing rapid growth, particularly in countries like China and India, where cloud adoption and modernization efforts are expanding. In Latin America and the Middle East, digital transformation is also gaining momentum, with governments and enterprises investing in modernizing legacy systems. Key players in this market, including Accenture, IBM Corporation, Infosys, TCS, HCL Technologies, and Wipro, are at the forefront of providing innovative solutions to meet the evolving needs of businesses seeking to modernize their mainframe systems.

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Market Insights

The Global Mainframe Modernization Services market was valued at USD 17,805.00 million in 2023 and is expected to reach USD 69,007.15 million by 2032, growing at a CAGR of 16.46%.
The increasing need for businesses to reduce costs, enhance scalability, and improve operational efficiency is driving the market growth.
The demand for cloud-based solutions and hybrid environments is a key trend shaping the modernization services market.
Leading players like Accenture, IBM, Infosys, and TCS are heavily investing in technological advancements and strategic partnerships to strengthen their market presence.
Despite growth, the complexity of migrating legacy systems and resistance to change within organizations pose challenges for widespread adoption.
North America dominates the market, followed by Europe, driven by strong digital transformation initiatives across industries.
Asia Pacific is expected to grow the fastest, driven by expanding digital adoption in emerging markets like India and China.

Market Drivers

Growing Integration of AI and Machine Learning

Advancements in artificial intelligence (AI) and machine learning (ML) are revolutionizing mainframe modernization by enabling automated processes, predictive analytics, and enhanced decision-making. For instance, IBM has integrated AI capabilities into mainframe systems, facilitating seamless migration and reducing downtime. AI-driven tools facilitate seamless migration, reduce downtime, and minimize errors during the modernization process. Machine learning algorithms help optimize system performance by identifying bottlenecks and providing actionable insights. These technologies also support proactive system maintenance, ensuring that modernized mainframe systems remain efficient and resilient in dynamic operational environments.

Accelerated Adoption of Cloud Computing

The surge in cloud adoption is another key factor propelling the demand for mainframe modernization services. Enterprises are increasingly migrating workloads to cloud platforms to reduce operational costs, enhance data accessibility, and improve system performance. For instance, over 90% of organizations use the cloud in some capacity, with many adopting hybrid cloud solutions for their flexibility and scalability. Cloud-based modernization not only supports remote access and collaboration but also ensures better disaster recovery and business continuity, making it a preferred choice for many organizations.

Rising Demand for Digital Transformation

The increasing need for digital transformation across industries is a significant driver for the Global Mainframe Modernization Services market. Organizations are striving to improve agility, scalability, and operational efficiency by upgrading legacy systems to align with modern IT requirements. This transformation enables businesses to meet customer demands, enhance user experiences, and remain competitive in the digital economy. With a growing emphasis on real-time data analytics, process automation, and personalized services, companies are leveraging modernization services to optimize legacy infrastructures and integrate advanced technologies seamlessly.

Focus on Cost Optimization and Operational Efficiency

Cost reduction and operational efficiency are critical drivers of mainframe modernization services. Legacy systems are often costly to maintain and prone to inefficiencies, prompting organizations to modernize their IT infrastructures. By adopting updated systems, businesses can reduce maintenance expenses, improve energy efficiency, and streamline workflows. Modernized mainframes also offer better compatibility with new applications, allowing companies to respond swiftly to market changes and technological advancements. This cost-effective approach ensures long-term sustainability and competitiveness.

Market Trends

Increasing Focus on DevOps Integration

The integration of DevOps practices into mainframe modernization is gaining traction as businesses seek to enhance collaboration, agility, and innovation. DevOps methodologies foster continuous integration and deployment, enabling faster updates and reduced downtime for modernized systems. For instance, AWS has developed a comprehensive DevOps framework for mainframe modernization, which includes continuous integration and delivery pipelines. By adopting DevOps frameworks, organizations can bridge the gap between development and operations teams, ensuring efficient execution of modernization projects. This trend is particularly beneficial in environments where rapid adaptability to market changes and technological advancements is critical.

Surge in Hybrid Cloud Adoption

Hybrid cloud solutions are emerging as a dominant trend in the Global Mainframe Modernization Services market. Businesses increasingly prefer hybrid setups that combine the reliability of on-premises systems with the flexibility and scalability of cloud platforms. This approach enables seamless workload distribution, optimized resource utilization, and enhanced data management capabilities. Hybrid clouds also support compliance with regional data regulations and ensure better security for sensitive information. The growing need for tailored IT solutions that balance operational efficiency and cost-effectiveness has fueled the adoption of hybrid cloud models in modernization efforts.

Growing Emphasis on Automation Tools

Automation is transforming the mainframe modernization landscape by streamlining complex migration and integration processes. Automated tools and platforms minimize human intervention, reduce errors, and expedite modernization timelines. Features like automated code analysis, data mapping, and performance optimization are widely being integrated into modernization workflows. This trend not only ensures smoother transitions but also reduces operational costs and resource requirements. As automation technologies continue to evolve, their role in simplifying and enhancing the modernization process is becoming increasingly pivotal.

Rise in Demand for Legacy Application Re-engineering

The re-engineering of legacy applications to align with modern technologies is becoming a significant trend in the market. Organizations are opting to transform outdated applications into scalable and flexible systems compatible with emerging IT architectures. This process includes redesigning applications for cloud-native environments, integrating APIs, and enhancing functionality with advanced analytics and AI capabilities. The increasing demand for future-ready applications is driving innovation in legacy system re-engineering, ensuring that modernized mainframes meet evolving business requirements.

Market Challenges Analysis

High Complexity of Legacy System Modernization

One of the significant challenges in the Global Mainframe Modernization Services market is the complexity involved in transforming legacy systems. Mainframes often run critical business operations and house extensive volumes of sensitive data, making their migration a highly intricate and risk-prone process. For instance, a report by ACT-IAC highlights that modernizing legacy systems in government agencies involves significant risks and costs due to the critical nature of the operations they support. Modernizing these systems requires meticulous planning, robust expertise, and seamless execution to avoid disruptions in business continuity. Additionally, legacy systems often lack comprehensive documentation, which complicates the understanding of existing workflows and code structures. This complexity not only increases the time and cost of modernization projects but also requires businesses to invest in skilled professionals and advanced tools, adding to the overall challenge.

Resistance to Change and Budget Constraints

Organizational resistance to change is another significant hurdle affecting the adoption of mainframe modernization services. Employees accustomed to legacy systems may find it challenging to adapt to new technologies, creating a reluctance to embrace modernization initiatives. This cultural resistance often delays project timelines and hampers the full utilization of modernized systems. Furthermore, modernization projects demand substantial financial investment, which may deter small and medium-sized enterprises (SMEs) with limited budgets. The high upfront costs, coupled with concerns about the return on investment (ROI), act as a deterrent for many organizations. These challenges necessitate the development of cost-effective, phased modernization approaches and comprehensive training programs to ensure smoother transitions.

Market Opportunities

Expanding Demand for Cloud-Native Solutions

The Global Mainframe Modernization Services market presents significant opportunities with the growing demand for cloud-native solutions. Organizations are increasingly seeking to modernize their mainframes to leverage the scalability, flexibility, and cost-efficiency offered by cloud platforms. Cloud-native modernization allows businesses to enhance operational efficiency, enable real-time data processing, and support seamless integration with advanced technologies such as artificial intelligence (AI) and machine learning (ML). The rise of hybrid and multi-cloud environments further amplifies this opportunity, providing tailored solutions that meet specific business requirements. Service providers offering innovative cloud migration strategies and robust security frameworks are well-positioned to capitalize on this growing trend.

Increasing Adoption of AI and Automation Technologies

The integration of artificial intelligence and automation technologies into modernization processes offers lucrative opportunities for market growth. AI-driven tools enable efficient legacy system analysis, automated code conversion, and predictive maintenance, significantly reducing project timelines and costs. Automation further streamlines complex workflows, enhances accuracy, and ensures seamless transitions to modernized systems. As businesses increasingly prioritize digital transformation and operational agility, the demand for AI and automation-based modernization services is set to rise. Companies that develop advanced AI-driven solutions tailored to specific industry needs can gain a competitive edge in the evolving market landscape, unlocking new growth avenues.

Market Segmentation Analysis:

By Type:

The Global Mainframe Modernization Services market is segmented into five key types: Application Modernization, Cloud Migration, Data Modernization, Integration Services, and Consulting Services. Application Modernization focuses on transforming legacy applications to meet modern business needs, improving scalability, and enabling cloud integration. Cloud Migration services help businesses move their workloads to the cloud, optimizing performance and reducing costs. Data Modernization services support the migration of legacy data systems to more efficient and scalable platforms, enhancing data accessibility and analytics. Integration Services focus on ensuring that modernized systems seamlessly interact with other enterprise systems, improving business process efficiency. Consulting Services are essential for guiding organizations through the modernization process, providing expert advice, and developing tailored strategies. These segments are crucial for businesses undergoing digital transformation, as they help improve operational efficiency, reduce legacy system dependence, and enable companies to adapt to evolving market demands.

By Deployment Mode:

The deployment mode segment of the Global Mainframe Modernization Services market includes On-premises and Cloud-based solutions. On-premises deployment offers businesses control over their infrastructure and data, which is particularly crucial for industries with strict security and compliance requirements. This mode allows organizations to maintain legacy systems while integrating new technologies. On the other hand, Cloud-based solutions are gaining traction due to their scalability, flexibility, and cost efficiency. Cloud deployment enables businesses to leverage modern cloud technologies, such as AI, machine learning, and real-time analytics, driving efficiency and innovation. The growing adoption of hybrid cloud environments, which combine both on-premises and cloud-based solutions, is also shaping this segment, allowing businesses to benefit from the best of both worlds. As organizations increasingly prioritize scalability and operational flexibility, Cloud-based deployments are expected to grow rapidly in the coming years.

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:

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 significant market share in the Global Mainframe Modernization Services market, accounting for approximately 40% of the total revenue in 2023. This dominance is attributed to the region’s strong technological infrastructure, high adoption of digital transformation initiatives, and the presence of numerous large enterprises. The United States, in particular, has a robust demand for mainframe modernization services due to the increasing need to migrate legacy systems to more agile and scalable cloud-based environments. Many organizations in sectors such as banking, financial services, healthcare, and IT are investing heavily in modernization services to remain competitive and meet the growing demands for innovation. Additionally, North America benefits from a well-established ecosystem of service providers and consulting firms specializing in mainframe modernization, further accelerating the market’s growth.

Europe

Europe accounts for approximately 30% of the Global Mainframe Modernization Services market, driven by the region’s strong focus on technological advancement and digitalization across various industries. The demand for mainframe modernization services is growing as enterprises in Europe seek to integrate cloud-based solutions and enhance the efficiency of their legacy systems. Countries like Germany, the UK, and France are at the forefront of digital transformation, particularly in industries like finance, manufacturing, and government services. Regulatory requirements around data protection and compliance in Europe also play a crucial role in driving modernization efforts. As businesses in the region continue to prioritize innovation and operational efficiency, the market for mainframe modernization services is expected to expand steadily.

Asia Pacific

The Asia Pacific (APAC) region is projected to experience the fastest growth in the Global Mainframe Modernization Services market, with an anticipated CAGR of 18.5% from 2024 to 2032. The market share for APAC was approximately 20% in 2023. Countries like China, Japan, India, and South Korea are increasingly adopting mainframe modernization services due to the rising demand for digital transformation in sectors such as manufacturing, finance, and retail. The growing number of small and medium enterprises (SMEs) in the region, coupled with the adoption of cloud technologies and AI, is also contributing to the expansion of the market. As organizations in APAC seek to modernize legacy systems to improve operational efficiency and enhance data management, the region presents significant opportunities for service providers in the mainframe modernization space.

Latin America and Middle East & Africa

Latin America and the Middle East & Africa (MEA) regions together account for approximately 10% of the Global Mainframe Modernization Services market in 2023. The Latin American market is driven by the increasing adoption of cloud solutions and digital transformation in countries like Brazil, Mexico, and Argentina. Governments and enterprises in the region are focusing on modernization efforts to enhance business operations, improve customer experiences, and reduce costs. In the MEA region, countries like the UAE, Saudi Arabia, and South Africa are investing in modernizing their legacy systems, especially in sectors such as banking, oil and gas, and government services. The growing need for cost-effective and scalable solutions in both regions presents opportunities for global mainframe modernization service providers to expand their footprint.

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Key Player Analysis

Accenture
IBM Corporation
Infosys Limited
TCS (Tata Consultancy Services)
HCL Technologies
Wipro Limited
DXC Technology
Atos SE
Cognizant Technology Solutions
Capgemini

Competitive Analysis

The Global Mainframe Modernization Services market is highly competitive, with leading players striving to innovate and expand their service offerings. Key players such as Accenture, IBM Corporation, Infosys Limited, TCS (Tata Consultancy Services), HCL Technologies, Wipro Limited, DXC Technology, Atos SE, Cognizant Technology Solutions, and Capgemini dominate the market through comprehensive service portfolios and global reach. For instance, Kyndryl’s 2024 State of Mainframe Modernization Survey revealed that 96% of organizations are moving workloads to cloud platforms, highlighting the importance of cloud migration services. These service providers differentiate themselves through comprehensive offerings, including cloud migration, application modernization, data modernization, and consulting services. To maintain a competitive edge, companies are focusing on adopting advanced technologies such as artificial intelligence, machine learning, and automation to enhance the efficiency and scalability of their services. In addition to technological innovation, these companies are emphasizing industry-specific solutions tailored to sectors like banking, healthcare, retail, and IT, addressing the unique challenges each sector faces with legacy systems. Strategic partnerships and acquisitions are also becoming common strategies, enabling companies to expand their capabilities and offer more integrated solutions. Moreover, players are increasingly adopting hybrid cloud models to meet the varied needs of businesses, combining the flexibility of the cloud with the security and control of on-premises systems. As businesses continue to invest in digital transformation, the competitive landscape of the market will remain dynamic, with players striving to offer more streamlined and cost-effective solutions.

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 Global Mainframe Modernization Services market exhibits moderate to high concentration, with a few large players holding significant market share, while a range of smaller firms contribute to innovation and specialized solutions. Major service providers lead the market due to their established reputation, extensive global reach, and comprehensive portfolios of modernization services, including cloud migration, application modernization, and data transformation. These companies often invest heavily in research and development to stay competitive, incorporating emerging technologies such as artificial intelligence, machine learning, and automation into their service offerings. The market characteristics are driven by the increasing demand for digital transformation, particularly in industries such as banking, healthcare, and IT, which rely on legacy systems for critical operations. As organizations prioritize cost reduction, scalability, and enhanced security, modernization services become essential for businesses looking to stay competitive. Companies are also focusing on hybrid solutions, combining cloud-based infrastructure with on-premises systems to offer flexibility and better control. The competitive environment encourages differentiation through customer-centric approaches, with companies offering tailored solutions based on industry-specific needs. With rapid technological advancements and a focus on improving system efficiency, the market is expected to grow steadily, attracting new entrants and fostering healthy competition among both established and emerging players.

Report Coverage

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

Future Outlook

The Global Mainframe Modernization Services market is expected to continue growing, driven by increasing demand for digital transformation across industries.
The adoption of cloud-based solutions will increase as businesses seek greater flexibility and scalability.
Companies will focus on AI and machine learning technologies to enhance the automation and efficiency of modernization processes.
Hybrid cloud models will gain popularity as organizations look for the right balance between on-premises systems and cloud infrastructure.
Industry-specific solutions will become more prominent, addressing the unique needs of sectors like banking, healthcare, and retail.
As businesses face rising cybersecurity threats, the demand for secure modernization services will intensify.
Increased focus on data modernization will lead to better analytics and decision-making capabilities for organizations.
The role of consulting services will grow as companies seek expert guidance for their modernization strategies.
Small and medium enterprises (SMEs) will increasingly adopt modernization services to compete with larger players.
Strategic partnerships and acquisitions will continue as companies look to expand their capabilities and offer integrated solutions.

CHAPTER NO. 1 : INTRODUCTION 31
1.1.1. Report Description 31
Purpose of the Report 31
USP & Key Offerings 31
1.1.2. Key Benefits for Stakeholders 31
1.1.3. Target Audience 32
1.1.4. Report Scope 32
1.1.5. Regional Scope 33
CHAPTER NO. 2 : EXECUTIVE SUMMARY 34
2.1. Mainframe Modernization Services Market Snapshot 34
2.1.1. Global Mainframe Modernization Services Market, 2018 – 2032 (USD Million) 35
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 36
3.1. Russia-Ukraine and Israel-Palestine War Impacts 36
CHAPTER NO. 4 : MAINFRAME MODERNIZATION SERVICES MARKET – INDUSTRY ANALYSIS 37
4.1. Introduction 37
4.2. Market Drivers 38
4.2.1. Growing need for operational efficiency and scalability 38
4.2.2. Increasing adoption of cloud-based technologies. 39
4.3. Market Restraints 40
4.3.1. High initial costs associated with modernization 40
4.4. Market Opportunities 41
4.4.1. Advancements in AI and machine learning for enhanced automation 41
4.5. Porter’s Five Forces Analysis 42
4.6. Value Chain Analysis 43
4.7. Buying Criteria 44
CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 45
5.1. Import Analysis by Region 45
5.1.1. Global Mainframe Modernization Services Market Import Volume/Revenue, By Region, 2018 – 2023 45
5.2. Export Analysis by Region 46
5.2.1. Global Mainframe Modernization Services Market Export Volume/Revenue, By Region, 2018 – 2023 46
CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 47
6.1. Demand Analysis by Region 47
6.1.1. Global Mainframe Modernization Services Market Demand Volume/Revenue, By Region, 2018 – 2023 47
6.2. Supply Analysis by Region 48
6.2.1. Global Mainframe Modernization Services Market Supply Volume/Revenue, By Region, 2018 – 2023 48
CHAPTER NO. 7 : PRODUCTION ANALYSIS 49
7.1. Production Analysis by Region 49
7.1.1. Global Mainframe Modernization Services Market Production Volume/Revenue, By Region, 2018 – 2023 49
CHAPTER NO. 8 : PRICE ANALYSIS 50
8.1. Price Analysis by Region 50
8.1.1. Global Mainframe Modernization Services Market Price, By Region, 2018 – 2023 50
8.1.2. Global Type Market Price, By Region, 2018 – 2023 50
8.2. Price Analysis by Type 51
8.2.1. Global Mainframe Modernization Services Market Price, By Type, 2018 – 2023 51
8.2.2. Global Type Market Price, By Type, 2018 – 2023 51
CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 52
9.1. Key Raw Materials and Suppliers 52
9.2. Key Raw Materials Price Trend 52
CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 53
10.1. Manufacturing Cost Analysis 53
10.2. Manufacturing Process 53
CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 54
11.1. Company Market Share Analysis – 2023 54
11.1.1. Global Mainframe Modernization Services Market: Company Market Share, by Volume, 2023 54
11.1.2. Global Mainframe Modernization Services Market: Company Market Share, by Revenue, 2023 55
11.1.3. Global Mainframe Modernization Services Market: Top 6 Company Market Share, by Revenue, 2023 55
11.1.4. Global Mainframe Modernization Services Market: Top 3 Company Market Share, by Revenue, 2023 56
11.2. Global Mainframe Modernization Services Market Company Volume Market Share, 2023 57
11.3. Global Mainframe Modernization Services Market Company Revenue Market Share, 2023 58
11.4. Company Assessment Metrics, 2023 58
11.4.1. Stars 58
11.4.2. Emerging Leaders 58
11.4.3. Pervasive Players 58
11.4.4. Participants 58
11.5. Start-ups /SMEs Assessment Metrics, 2023 58
11.5.1. Progressive Companies 58
11.5.2. Responsive Companies 59
11.5.3. Dynamic Companies 59
11.5.4. Starting Blocks 59
11.6. Strategic Developments 60
11.6.1. Acquisitions & Mergers 60
New Product Launch 60
Regional Expansion 60
11.7. Key Players Product Matrix 61
CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 62
12.1. PESTEL 62
12.1.1. Political Factors 62
12.1.2. Economic Factors 62
12.1.3. Social Factors 62
12.1.4. Technological Factors 62
12.1.5. Environmental Factors 62
12.1.6. Legal Factors 62
12.2. Adjacent Market Analysis 62
CHAPTER NO. 13 : MAINFRAME MODERNIZATION SERVICES MARKET – BY TYPE SEGMENT ANALYSIS 63
13.1. Mainframe Modernization Services Market Overview, by Type Segment 63
13.1.1. Mainframe Modernization Services Market Revenue Share, By Type, 2023 & 2032 64
13.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Type 65
13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 65
13.1.4. Mainframe Modernization Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 66
13.2. Application Modernization 67
13.2.1. Global Application Modernization Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 68
13.2.2. Global Application Modernization Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 68
13.3. Cloud Migration 69
13.3.1. Global Cloud Migration Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 70
13.3.2. Global Cloud Migration Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 70
13.4. Data Modernization 71
13.4.1. Global Data Modernization Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 72
13.4.2. Global Data Modernization Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 72
13.5. Integration Services 73
13.5.1. Global Integration Services Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 74
13.5.2. Global Integration Services Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 74
13.6. Consulting Services 75
13.6.1. Global Consulting Services Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 76
13.6.2. Global Consulting Services Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 76
CHAPTER NO. 14 : MAINFRAME MODERNIZATION SERVICES MARKET – BY DEPLOYMENT MODE SEGMENT ANALYSIS 77
14.1. Mainframe Modernization Services Market Overview, by Deployment Mode Segment 77
14.1.1. Mainframe Modernization Services Market Revenue Share, By Deployment Mode, 2023 & 2032 78
14.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Deployment Mode 79
14.1.3. Incremental Revenue Growth Opportunity, by Deployment Mode, 2024 – 2032 79
14.1.4. Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018, 2023, 2027 & 2032 80
14.2. On-premises 81
14.2.1. Global On-premises Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 82
14.2.2. Global On-premises Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 82
14.3. Cloud-based 83
14.3.1. Global Cloud-based Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 84
14.3.2. Global Cloud-based Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 84
CHAPTER NO. 15 : MAINFRAME MODERNIZATION SERVICES MARKET – BY END-USER INDUSTRY SEGMENT ANALYSIS 85
15.1. Mainframe Modernization Services Market Overview, by End-User Industry Segment 85
15.1.1. Mainframe Modernization Services Market Revenue Share, By End-User Industry, 2023 & 2032 86
15.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By End-User Industry 87
15.1.3. Incremental Revenue Growth Opportunity, by End-User Industry, 2024 – 2032 87
15.1.4. Mainframe Modernization Services Market Revenue, By End-User Industry, 2018, 2023, 2027 & 2032 88
15.2. Banking, Financial Services, and Insurance (BFSI) 89
15.2.1. Global Banking, Financial Services, and Insurance (BFSI) Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 90
15.2.2. Global Banking, Financial Services, and Insurance (BFSI) Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 90
15.3. Healthcare 91
15.3.1. Global Healthcare Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 92
15.3.2. Global Healthcare Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 92
15.4. IT and Telecommunications 93
15.4.1. Global IT and Telecommunications Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 94
15.4.2. Global IT and Telecommunications Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 94
15.5. Retail and E-commerce 95
15.5.1. Global Retail and E-commerce Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 96
15.5.2. Global Retail and E-commerce Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 96
15.6. Others 97
15.6.1. Global Others Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 98
15.6.2. Global Others Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 98
CHAPTER NO. 16 : MAINFRAME MODERNIZATION SERVICES MARKET – BY ORGANIZATION SIZE SEGMENT ANALYSIS 99
16.1. Mainframe Modernization Services Market Overview, by Organization Size Segment 99
16.1.1. Mainframe Modernization Services Market Revenue Share, By Organization Size, 2023 & 2032 100
16.1.2. Mainframe Modernization Services Market Attractiveness Analysis, By Organization Size 101
16.1.3. Incremental Revenue Growth Opportunity, by Organization Size, 2024 – 2032 101
16.1.4. Mainframe Modernization Services Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 102
16.2. Small and Medium Enterprises (SMEs) 103
16.2.1. Global Small and Medium Enterprises (SMEs) Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 104
16.2.2. Global Small and Medium Enterprises (SMEs) Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 104
16.3. Large Enterprises 105
16.3.1. Global Large Enterprises Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 106
16.3.2. Global Large Enterprises Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 106
CHAPTER NO. 17 : MAINFRAME MODERNIZATION SERVICES MARKET – REGIONAL ANALYSIS 107
17.1. Mainframe Modernization Services Market Overview, by Regional Segments 107
17.2. Region 108
17.2.1. Global Mainframe Modernization Services Market Revenue Share, By Region, 2023 & 2032 108
17.2.2. Mainframe Modernization Services Market Attractiveness Analysis, By Region 109
17.2.3. Incremental Revenue Growth Opportunity, by Region, 2024 – 2032 109
17.2.4. Mainframe Modernization Services Market Revenue, By Region, 2018, 2023, 2027 & 2032 110
17.2.5. Global Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 111
17.2.6. Global Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 111
17.3. Type 112
17.3.1. Global Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 112
17.4. Global Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 112
17.5. Deployment Mode 113
17.5.1. Global Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 113
17.5.2. Global Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 113
17.6. End-User Industry 114
17.6.1. Global Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 114
17.6.2. Global Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 114
17.7. Organization Size 115
17.7.1. Global Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 115
17.7.2. Global Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 115
CHAPTER NO. 18 : MAINFRAME MODERNIZATION SERVICES MARKET – NORTH AMERICA 116
18.1. North America 116
18.1.1. Key Highlights 116
18.1.2. North America Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 117
18.1.3. North America Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 118
18.1.4. North America Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 119
18.1.5. North America Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 120
18.1.6. North America Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 121
18.2. U.S. 122
18.3. Canada 122
18.4. Mexico 122
CHAPTER NO. 19 : MAINFRAME MODERNIZATION SERVICES MARKET – EUROPE 123
19.1. Europe 123
19.1.1. Key Highlights 123
19.1.2. Europe Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 124
19.1.3. Europe Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 125
19.1.4. Europe Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 126
19.1.5. Europe Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 127
19.1.6. Europe Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 128
19.2. UK 129
19.3. France 129
19.4. Germany 129
19.5. Italy 129
19.6. Spain 129
19.7. Russia 129
19.8. Belgium 129
19.9. Netherland 129
19.10. Austria 129
19.11. Sweden 129
19.12. Poland 129
19.13. Denmark 129
19.14. Switzerland 129
19.15. Rest of Europe 129
CHAPTER NO. 20 : MAINFRAME MODERNIZATION SERVICES MARKET – ASIA PACIFIC 130
20.1. Asia Pacific 130
20.1.1. Key Highlights 130
20.1.2. Asia Pacific Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 131
20.1.3. Asia Pacific Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 132
20.1.4. Asia Pacific Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 133
20.1.5. Asia Pacific Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 134
20.1.6. Asia Pacific Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 135
20.2. China 136
20.3. Japan 136
20.4. South Korea 136
20.5. India 136
20.6. Australia 136
20.7. Thailand 136
20.8. Indonesia 136
20.9. Vietnam 136
20.10. Malaysia 136
20.11. Philippines 136
20.12. Taiwan 136
20.13. Rest of Asia Pacific 136
CHAPTER NO. 21 : MAINFRAME MODERNIZATION SERVICES MARKET – LATIN AMERICA 137
21.1. Latin America 137
21.1.1. Key Highlights 137
21.1.2. Latin America Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 138
21.1.3. Latin America Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 139
21.1.4. Latin America Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 140
21.1.5. Latin America Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 141
21.1.6. Latin America Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 142
21.2. Brazil 143
21.3. Argentina 143
21.4. Peru 143
21.5. Chile 143
21.6. Colombia 143
21.7. Rest of Latin America 143
CHAPTER NO. 22 : MAINFRAME MODERNIZATION SERVICES MARKET – MIDDLE EAST 144
22.1. Middle East 144
22.1.1. Key Highlights 144
22.1.2. Middle East Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 145
22.1.3. Middle East Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 146
22.1.4. Middle East Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 147
22.1.5. Middle East Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 148
22.1.6. Middle East Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 149
22.2. UAE 150
22.3. KSA 150
22.4. Israel 150
22.5. Turkey 150
22.6. Iran 150
22.7. Rest of Middle East 150
CHAPTER NO. 23 : MAINFRAME MODERNIZATION SERVICES MARKET – AFRICA 151
23.1. Africa 151
23.1.1. Key Highlights 151
23.1.2. Africa Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 152
23.1.3. Africa Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 153
23.1.4. Africa Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 154
23.1.5. Africa Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 155
23.1.6. Africa Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 156
23.2. Egypt 157
23.3. Nigeria 157
23.4. Algeria 157
23.5. Morocco 157
23.6. Rest of Africa 157
CHAPTER NO. 24 : COMPANY PROFILES 158
24.1. Accenture 158
24.1.1. Company Overview 158
24.1.2. Product Portfolio 158
24.1.3. Swot Analysis 158
24.1.4. Business Strategy 159
24.1.5. Financial Overview 159
24.2. IBM Corporation 160
24.3. Infosys Limited 160
24.4. TCS (Tata Consultancy Services) 160
24.5. HCL Technologies 160
24.6. Wipro Limited 160
24.7. DXC Technology 160
24.8. Atos SE 160
24.9. Cognizant Technology Solutions 160
24.10. Capgemini 160

List of Figures
FIG NO. 1. Global Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 37
FIG NO. 2. Porter’s Five Forces Analysis for Global Mainframe Modernization Services Market 44
FIG NO. 3. Value Chain Analysis for Global Mainframe Modernization Services Market 45
FIG NO. 4. Global Mainframe Modernization Services Market Import Volume/Revenue, By Region, 2018 – 2023 47
FIG NO. 5. Global Mainframe Modernization Services Market Export Volume/Revenue, By Region, 2018 – 2023 48
FIG NO. 6. Global Mainframe Modernization Services Market Demand Volume/Revenue, By Region, 2018 – 2023 49
FIG NO. 7. Global Mainframe Modernization Services Market Supply Volume/Revenue, By Region, 2018 – 2023 50
FIG NO. 8. Global Mainframe Modernization Services Market Production Volume/Revenue, By Region, 2018 – 2023 51
FIG NO. 9. Global Mainframe Modernization Services Market Price, By Region, 2018 – 2023 52
FIG NO. 10. Global Mainframe Modernization Services Market Price, By Type, 2018 – 2023 53
FIG NO. 11. Raw Materials Price Trend Analysis, 2018 – 2023 54
FIG NO. 12. Manufacturing Cost Analysis 55
FIG NO. 13. Manufacturing Process 55
FIG NO. 14. Company Share Analysis, 2023 56
FIG NO. 15. Company Share Analysis, 2023 57
FIG NO. 16. Company Share Analysis, 2023 57
FIG NO. 17. Company Share Analysis, 2023 58
FIG NO. 18. Mainframe Modernization Services Market – Company Volume Market Share, 2023 59
FIG NO. 19. Mainframe Modernization Services Market – Company Revenue Market Share, 2023 60
FIG NO. 20. Mainframe Modernization Services Market Revenue Share, By Type, 2023 & 2032 66
FIG NO. 21. Market Attractiveness Analysis, By Type 67
FIG NO. 22. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 67
FIG NO. 23. Mainframe Modernization Services Market Revenue, By Type, 2018, 2023, 2027 & 2032 68
FIG NO. 24. Global Mainframe Modernization Services Market for Application Modernization, Revenue (USD Million) 2018 – 2032 69
FIG NO. 25. Global Mainframe Modernization Services Market for Cloud Migration, Revenue (USD Million) 2018 – 2032 71
FIG NO. 26. Global Mainframe Modernization Services Market for Data Modernization, Revenue (USD Million) 2018 – 2032 73
FIG NO. 27. Global Mainframe Modernization Services Market for Integration Services, Revenue (USD Million) 2018 – 2032 75
FIG NO. 28. Global Mainframe Modernization Services Market for Consulting Services, Revenue (USD Million) 2018 – 2032 77
FIG NO. 29. Mainframe Modernization Services Market Revenue Share, By Deployment Mode, 2023 & 2032 80
FIG NO. 30. Market Attractiveness Analysis, By Deployment Mode 81
FIG NO. 31. Incremental Revenue Growth Opportunity by Deployment Mode, 2024 – 2032 81
FIG NO. 32. Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018, 2023, 2027 & 2032 82
FIG NO. 33. Global Mainframe Modernization Services Market for On-premises, Revenue (USD Million) 2018 – 2032 83
FIG NO. 34. Global Mainframe Modernization Services Market for Cloud-based, Revenue (USD Million) 2018 – 2032 85
FIG NO. 35. Mainframe Modernization Services Market Revenue Share, By End-User Industry, 2023 & 2032 88
FIG NO. 36. Market Attractiveness Analysis, By End-User Industry 89
FIG NO. 37. Incremental Revenue Growth Opportunity by End-User Industry, 2024 – 2032 89
FIG NO. 38. Mainframe Modernization Services Market Revenue, By End-User Industry, 2018, 2023, 2027 & 2032 90
FIG NO. 39. Global Mainframe Modernization Services Market for Banking, Financial Services, and Insurance (BFSI), Revenue (USD Million) 2018 – 2032 91
FIG NO. 40. Global Mainframe Modernization Services Market for Healthcare, Revenue (USD Million) 2018 – 2032 93
FIG NO. 41. Global Mainframe Modernization Services Market for IT and Telecommunications, Revenue (USD Million) 2018 – 2032 95
FIG NO. 42. Global Mainframe Modernization Services Market for Retail and E-commerce, Revenue (USD Million) 2018 – 2032 97
FIG NO. 43. Global Mainframe Modernization Services Market for Others, Revenue (USD Million) 2018 – 2032 99
FIG NO. 44. Mainframe Modernization Services Market Revenue Share, By Organization Size, 2023 & 2032 102
FIG NO. 45. Market Attractiveness Analysis, By Organization Size 103
FIG NO. 46. Incremental Revenue Growth Opportunity by Organization Size, 2024 – 2032 103
FIG NO. 47. Mainframe Modernization Services Market Revenue, By Organization Size, 2018, 2023, 2027 & 2032 104
FIG NO. 48. Global Mainframe Modernization Services Market for Small and Medium Enterprises (SMEs), Revenue (USD Million) 2018 – 2032 105
FIG NO. 49. Global Mainframe Modernization Services Market for Large Enterprises, Revenue (USD Million) 2018 – 2032 107
FIG NO. 50. Global Mainframe Modernization Services Market Revenue Share, By Region, 2023 & 2032 110
FIG NO. 51. Market Attractiveness Analysis, By Region 111
FIG NO. 52. Incremental Revenue Growth Opportunity by Region, 2024 – 2032 111
FIG NO. 53. Mainframe Modernization Services Market Revenue, By Region, 2018, 2023, 2027 & 2032 112
FIG NO. 54. North America Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 118
FIG NO. 55. Europe Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 125
FIG NO. 56. Asia Pacific Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 132
FIG NO. 57. Latin America Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 139
FIG NO. 58. Middle East Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 146
FIG NO. 59. Africa Mainframe Modernization Services Market Revenue, 2018 – 2032 (USD Million) 153

List of Tables
TABLE NO. 1. : Global Mainframe Modernization Services Market: Snapshot 36
TABLE NO. 2. : Drivers for the Mainframe Modernization Services Market: Impact Analysis 40
TABLE NO. 3. : Restraints for the Mainframe Modernization Services Market: Impact Analysis 42
TABLE NO. 4. : Global Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 52
TABLE NO. 5. : Global Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 53
TABLE NO. 6. : Key Raw Materials & Suppliers 54
TABLE NO. 7. : Global Application Modernization Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 70
TABLE NO. 8. : Global Application Modernization Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 70
TABLE NO. 9. : Global Cloud Migration Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 72
TABLE NO. 10. : Global Cloud Migration Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 72
TABLE NO. 11. : Global Data Modernization Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 74
TABLE NO. 12. : Global Data Modernization Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 74
TABLE NO. 13. : Global Integration Services Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 76
TABLE NO. 14. : Global Integration Services Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 76
TABLE NO. 15. : Global Consulting Services Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 78
TABLE NO. 16. : Global Consulting Services Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 78
TABLE NO. 17. : Global On-premises Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 84
TABLE NO. 18. : Global On-premises Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 84
TABLE NO. 19. : Global Cloud-based Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 86
TABLE NO. 20. : Global Cloud-based Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 86
TABLE NO. 21. : Global Banking, Financial Services, and Insurance (BFSI) Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 92
TABLE NO. 22. : Global Banking, Financial Services, and Insurance (BFSI) Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 92
TABLE NO. 23. : Global Healthcare Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 94
TABLE NO. 24. : Global Healthcare Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 94
TABLE NO. 25. : Global IT and Telecommunications Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 96
TABLE NO. 26. : Global IT and Telecommunications Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 96
TABLE NO. 27. : Global Retail and E-commerce Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 98
TABLE NO. 28. : Global Retail and E-commerce Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 98
TABLE NO. 29. : Global Others Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 100
TABLE NO. 30. : Global Others Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 100
TABLE NO. 31. : Global Small and Medium Enterprises (SMEs) Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 106
TABLE NO. 32. : Global Small and Medium Enterprises (SMEs) Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 106
TABLE NO. 33. : Global Large Enterprises Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 108
TABLE NO. 34. : Global Large Enterprises Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 108
TABLE NO. 35. : Global Mainframe Modernization Services Market Revenue, By Region, 2018 – 2023 (USD Million) 113
TABLE NO. 36. : Global Mainframe Modernization Services Market Revenue, By Region, 2024 – 2032 (USD Million) 113
TABLE NO. 37. : Global Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 114
TABLE NO. 38. : Global Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 114
TABLE NO. 39. : Global Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 115
TABLE NO. 40. : Global Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 115
TABLE NO. 41. : Global Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 116
TABLE NO. 42. : Global Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 116
TABLE NO. 43. : Global Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 117
TABLE NO. 44. : Global Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 117
TABLE NO. 45. : North America Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 119
TABLE NO. 46. : North America Mainframe Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 119
TABLE NO. 47. : North America Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 120
TABLE NO. 48. : North America Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 120
TABLE NO. 49. : North America Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 121
TABLE NO. 50. : North America Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 121
TABLE NO. 51. : North America Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 122
TABLE NO. 52. : North America Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 122
TABLE NO. 53. : North America Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 123
TABLE NO. 54. : North America Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 123
TABLE NO. 55. : Europe Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 126
TABLE NO. 56. : Europe Mainframe Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 126
TABLE NO. 57. : Europe Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 127
TABLE NO. 58. : Europe Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 127
TABLE NO. 59. : Europe Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 128
TABLE NO. 60. : Europe Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 128
TABLE NO. 61. : Europe Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 129
TABLE NO. 62. : Europe Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 129
TABLE NO. 63. : Europe Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 130
TABLE NO. 64. : Europe Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 130
TABLE NO. 65. : Asia Pacific Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 133
TABLE NO. 66. : Asia Pacific Mainframe Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 133
TABLE NO. 67. : Asia Pacific Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 134
TABLE NO. 68. : Asia Pacific Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 134
TABLE NO. 69. : Asia Pacific Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 135
TABLE NO. 70. : Asia Pacific Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 135
TABLE NO. 71. : Asia Pacific Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 136
TABLE NO. 72. : Asia Pacific Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 136
TABLE NO. 73. : Asia Pacific Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 137
TABLE NO. 74. : Asia Pacific Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 137
TABLE NO. 75. : Latin America Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 140
TABLE NO. 76. : Latin America Mainframe Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 140
TABLE NO. 77. : Latin America Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 141
TABLE NO. 78. : Latin America Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 141
TABLE NO. 79. : Latin America Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 142
TABLE NO. 80. : Latin America Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 142
TABLE NO. 81. : Latin America Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 143
TABLE NO. 82. : Latin America Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 143
TABLE NO. 83. : Latin America Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 144
TABLE NO. 84. : Latin America Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 144
TABLE NO. 85. : Middle East Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 147
TABLE NO. 86. : Middle East Mainframe Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 147
TABLE NO. 87. : Middle East Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 148
TABLE NO. 88. : Middle East Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 148
TABLE NO. 89. : Middle East Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 149
TABLE NO. 90. : Middle East Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 149
TABLE NO. 91. : Middle East Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 150
TABLE NO. 92. : Middle East Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 150
TABLE NO. 93. : Middle East Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 151
TABLE NO. 94. : Middle East Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 151
TABLE NO. 95. : Africa Mainframe Modernization Services Market Revenue, By Country, 2018 – 2023 (USD Million) 154
TABLE NO. 96. : Africa Mainframe Modernization Services Market Revenue, By Country, 2024 – 2032 (USD Million) 154
TABLE NO. 97. : Africa Mainframe Modernization Services Market Revenue, By Type, 2018 – 2023 (USD Million) 155
TABLE NO. 98. : Africa Mainframe Modernization Services Market Revenue, By Type, 2024 – 2032 (USD Million) 155
TABLE NO. 99. : Africa Mainframe Modernization Services Market Revenue, By Deployment Mode, 2018 – 2023 (USD Million) 156
TABLE NO. 100. : Africa Mainframe Modernization Services Market Revenue, By Deployment Mode, 2024 – 2032 (USD Million) 156
TABLE NO. 101. : Africa Mainframe Modernization Services Market Revenue, By End-User Industry, 2018 – 2023 (USD Million) 157
TABLE NO. 102. : Africa Mainframe Modernization Services Market Revenue, By End-User Industry, 2024 – 2032 (USD Million) 157
TABLE NO. 103. : Africa Mainframe Modernization Services Market Revenue, By Organization Size, 2018 – 2023 (USD Million) 158
TABLE NO. 104. : Africa Mainframe Modernization Services Market Revenue, By Organization Size, 2024 – 2032 (USD Million) 158

Frequently Asked Questions

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

The Global Mainframe Modernization Services market is projected to grow from USD 17,805.00 million in 2023 to USD 69,007.15 million by 2032, registering a robust CAGR of 16.46% during the forecast period.

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

The growth is driven by the increasing demand for improved scalability, agility, and operational efficiency in legacy systems across industries. Factors like the adoption of modern IT infrastructures, rising cloud computing usage, cost optimization needs, and advancements in AI and machine learning are propelling the market forward.

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

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

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

Challenges include the high complexity of modernizing legacy systems, organizational resistance to change, and budget constraints. Legacy systems often involve critical operations and sensitive data, making their transformation intricate and risk-prone. Resistance to adopting new technologies and high upfront costs further hinder widespread modernization efforts.

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

Key players include Accenture, IBM Corporation, Infosys Limited, Tata Consultancy Services (TCS), HCL Technologies, Wipro Limited, DXC Technology, Atos SE, Cognizant Technology Solutions, and Capgemini. These companies lead the market through advanced technological offerings, strategic partnerships, and tailored industry solutions.

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