The Latin America, Middle East and Africa Application Modernization Services Market would witness market growth of 21.5% CAGR during the forecast period (2017-2023). Application modernization services are used to migrate legacy to applications or platforms. The system is used in integration of new functionalities in the pursuit of offering latest functions to the business. SMEs have realized that immediate response, quick business decisions, and customer satisfaction are the fundamental factors that are vital for business expansion, generate better revenues, and ensure desired outcomes. The growth of the SMEs segment can be attributed to the adoption of the lift-and-shift migration strategy, enabling small businesses to scale and grow at a faster rate.
Based on Services, the market report segments the market into Application Integration, Application Replatforming, Application Portfolio Assessment, Cloud Application Migration, and Modernization. Based on Organization Size, the market report segments the market into Small & Medium Enterprises and Large Enterprises. Based on Verticals, the market report segments the market into BFSI, Telecom & IT, Government, Healthcare, Manufacturing, Retail, and Others Based on Countries, the Latin America, Middle East and Africa Application Modernization Services market segments the market into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA The market research report covers the analysis of key stake holders of the Latin America, Middle East and Africa Application Modernization Services Market.
Key companies profiled in the report include Atos, Accenture Plc., Cognizant, Hewlett Packard Enterprise (HPE) Company, Fujitsu Limited, IBM Corporation, Oracle Corporation, Macrosoft Inc., Micro Focus, and Asysco.