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The global Application Modernization Services Market is experiencing rapid expansion as enterprises accelerate their move toward modern, agile, and cloud-enabled infrastructures. Valued at USD 18.23 billion in 2024, the market is set to rise to USD 20.18 billion in 2025 and is projected to reach a remarkable USD 45.46 billion by 2032, registering a strong CAGR of 12.30%.
For More Insights: Discover in-depth analysis, trends, and key forecasts in the official report by Kings Research:-https://www.kingsresearch.com/applica...


This growth is powered by the increasing need to migrate legacy systems, enhance operational efficiency, strengthen security, and improve digital resilience. Organizations across BFSI, healthcare, IT & telecom, retail, and manufacturing are investing heavily in modernization strategies such as cloud re-platforming, application re-architecting, and container adoption.

Watch this video to explore the major drivers, opportunities, and future developments shaping this fast-evolving market!

✨ Key Market Highlights

📈 Strong Growth Outlook: Market set to grow from USD 18.23B (2024) to USD 45.46B (2032) at a CAGR of 12.30%.

☁️ Rising Cloud Adoption: Enterprises rapidly shifting from legacy IT to cloud-native architectures.

🔐 Security & Compliance: Increasing need to modernize outdated systems to strengthen cybersecurity and regulatory compliance.

⚙️ Digital Transformation: Industries adopting automation, AI, and microservices to boost efficiency and agility.

🏭 Industry Momentum: BFSI, healthcare, retail, manufacturing, and telecom emerging as major end-user sectors.

🧩 Modernization Approaches: High demand for application re-hosting, re-platforming, re-architecting, API integration, and container services.

🌍 Global Expansion: North America leads the market, while Asia-Pacific shows the fastest growth due to large-scale enterprise digitization.