メインフレームのモダナイゼーション市場 – 2030年までの世界予測

Mainframe Modernization Market - Global Forecast To 2030

メインフレームのモダナイゼーション市場 - 提供内容(ソフトウェア、サービス)、組織規模(大企業、中小企業)、業種(BFSI、通信、ITおよびITES、小売およびeコマース、政府機関、その他)、地域別 - 2030年までの世界予測
Mainframe Modernization Market by Offering (Software, Services), Organization Size (Large Enterprises, SMEs), Vertical (BFSI, Telecom, IT & ITES, Retail & Ecommerce, Government, Others), and Region - Global Forecast to 2030

商品番号 : SMB-85276

出版社MarketsandMarkets
出版年月2025年8月
ページ数269
図表数345
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本市場調査は、メインフレームモダナイゼーション市場規模を様々なセグメントにわたって調査・分析しています。提供サービス(ソフトウェアおよびモダナイゼーションサービス)、組織規模(大企業および中小企業)、業種(BFSI、ITおよびITES、ヘルスケア、メディア&エンターテイメント、小売&eコマース、教育、製造、政府機関、通信、その他の業種)、地域など、様々なセグメントにおける市場規模と成長ポテンシャルを推定することを目的としています。本調査には、主要市場プレーヤーの詳細な競合分析、企業プロフィール、製品およびビジネスオファリングに関する主要な考察、最近の動向、市場戦略が含まれています。

本レポートは、市場リーダー企業と新規参入企業にとって、世界のメインフレームモダナイゼーション市場の収益数値とサブセグメントに関する近似値に関する情報を提供するのに役立ちます。また、ステークホルダーが競争環境を理解し、自社のポジショニングを改善し、適切な市場開拓戦略を策定するための洞察を深めるのに役立ちます。さらに、本レポートは、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するための洞察を提供します。

メインフレームのモダナイゼーション市場は、2025年の83億9,000万米ドルから2030年には133億4,000万米ドルに拡大し、2025年から2030年にかけて9.7%の年平均成長率(CAGR)で成長すると予測されています。メインフレームのモダナイゼーションにおける主要企業は、AIを活用した自動化、戦略的パートナーシップ、そして専門フレームワークを通じて、変革を急速に推進しています。IBMはAIを活用したメインフレームのモダナイゼーションを推進し、銀行業務とデータ処理の強化に向けて他社と提携しています。AWSはKyndrylと提携し、金融分野のクラウド移行を加速させています。Capgemini、HCLTech、TCSも、AIと自動化を活用し、規制対象分野におけるレガシーシステムからクラウドへの効率的な移行とモダナイゼーションを推進しています。

The mainframe modernization market is projected to grow from USD 8.39 billion in 2025 to USD 13.34 billion by 2030, at a CAGR of 9.7%, from 2025 to 2030. Key players in mainframe modernization are rapidly advancing transformation through AI-driven automation, strategic partnerships, and specialized frameworks. IBM is modernizing mainframes with AI and partnering with others to enhance banking and data processing. AWS is accelerating cloud migration for finance with Kyndryl. Capgemini, HCLTech, and TCS are also leveraging AI and automation for efficient legacy-to-cloud transitions and modernization in regulated sectors.

メインフレームのモダナイゼーション市場 - 2030年までの世界予測 - chosareport.com
mainframe-modernization-market

However, the formidable complexity associated with migrating legacy codebases, which often include undocumented code and tightly coupled business logic, restrains market growth. The risk of data loss and business disruption is large unless migration is planned and executed meticulously, often leading organizations to adopt hybrid or gradual modernization strategies supported by both automation and expert-led interventions.

“Mainframe application modernization services segment will register the largest market share during the forecast period”

Mainframe application modernization services are in demand as organizations seek to transform legacy applications into agile and cloud-ready solutions while ensuring operational continuity and regulatory compliance. These services, encompassing re-hosting, re-platforming, re-architecting, and AI-driven refactoring, are critical because most enterprises lack the expertise to modernize complex legacy applications internally. Service providers help clients unlock real-time analytics, enable API-driven integration, and support seamless cloud migration with minimal downtime.

Financial institutions and telecom companies, for example, rely heavily on application modernization services to maintain business-critical workloads while adopting digital-first strategies. The rise of AI-powered automation tools accelerates code conversion, reduces manual errors, and shortens project timelines, enabling faster rollout of new digital services. With compliance demands and security risks rising, enterprises prefer these comprehensive modernization service engagements to handle complexity, ensure risk-managed transformation, and optimize legacy investments.

“BFSI segment is projected to register the largest market share during the forecast period”

The BFSI sector remains the primary driver of mainframe modernization due to its dependence on secure, resilient legacy systems supporting high-volume transaction processing and real-time financial services. Regulatory complexities such as anti-money laundering, digital banking mandates, and financial reporting demand continual platform upgrades that align legacy infrastructure with modern cloud and AI ecosystems.

Many institutions use modernization techniques, such as AI-assisted code refactoring and API enablement, to maintain critical system stability while introducing innovation and ensuring compliance. Leading banks in Japan and the US are modernizing core payment and risk platforms with incremental, cloud-integrated strategies to meet evolving customer expectations and regulatory scrutiny. The sector’s cautious yet ambitious approach reflects its need for business continuity, data integrity, and fast adaptability in a rapidly shifting financial landscape.

“Asia Pacific will record the highest growth rate, while North America will hold the largest market share during the forecast period”

Asia Pacific is emerging as a key region for mainframe modernization driven by a unique blend of large, mature mainframe estates and fast-paced digital economy growth. India, Japan, China, and Southeast Asian nations prioritize modernizing legacy systems to support digital banking, mobile payments, public sector digital initiatives, and regulatory compliance. This modernization often involves phased migrations, hybrid cloud deployments, and AI-enabled automation to handle enormous transaction volumes while reducing operational risk.

Regulatory pressures around data sovereignty and open banking accelerate the urgency of modernization. Enterprises in Asia Pacific are embracing cloud-native integration and API-first architectures to transform traditional workflows and enhance real-time processing capabilities. The collaborative innovation ecosystem, combining global technology vendors with strong local IT service providers, further fuels growth of the Asia Pacific market.

メインフレームのモダナイゼーション市場 - 2030年までの世界予測 - region
mainframe-modernization-market-region

North America maintains its dominant share in the mainframe modernization sector, primarily driven by a substantial presence of Fortune 500 companies and government agencies that manage extensive legacy systems. This region’s leadership can be attributed to a history of early technology adoption and stringent compliance requirements, particularly in the finance and healthcare industries, and a persistent demand for robust and scalable IT infrastructures. These elements contribute to aggressive digital transformation initiatives focusing on enhancing operational resilience and agility.

Breakdown of primary interviews

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primary  interviews is as follows:

  • By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
  • By Designation: C-level – 25% , Directors –35%, and Others – 40%
  • By Region: North America – 35%, Europe – 35%, Asia Pacific – 20%, Rest of the World – 10%

The major players in the mainframe modernization market are IBM (US), TCS (India), Capgemini (France), Atos (France), AWS (US), Micro Focus (UK), BMC Software (US), Infosys (India), Wipro (India), HCL Tech (India), DXC Technology (US), Kyndryl (US), Rocket Software (US), Fujitsu (Japan), Cognizant (US), Tech Mahindra (India), Broadcom (US), and TmaxSoft (US). These players have adopted various growth strategies, such as partnerships, agreements & collaborations, new product launches, product enhancements, and acquisitions, to expand their footprint in the mainframe modernization market.

メインフレームのモダナイゼーション市場 - 2030年までの世界予測 - ecosystem
mainframe-modernization-market-ecosystem

Research Coverage

The market study covers the mainframe modernization market size across different segments. It aims to estimate the market size and the growth potential across different segments, including offering (software and modernization services), organization size (large enterprises and SMEs), verticals (BFSI, IT & ITES, healthcare, media & entertainment, retail & ecommerce, education, manufacturing, government, telecom, and other verticals), and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help market leaders and new entrants with information on the closest approximations of the global mainframe modernization market’s revenue numbers and subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights into the following pointers:

Analysis of key drivers (workforce retirement and legacy skills shortage, increasing regulatory and compliance requirements, rapid adoption of AI and cloud for mission-critical workloads), restraints (complexity and risk of migrating legacy codebases, persistent high costs and budget constraints for large-scale transformations, insufficient documentation of legacy systems), opportunities (emerging SME adoption and mid-market demand, accelerated banking and fintech modernization in Asia Pacific, growth of AI-enabled and modular modernization solutions) and challenges (ensuring uninterrupted business operations during migration, overcoming resistance to organizational change, shortage of skilled modernization and integration talent) influencing the growth of the mainframe modernization market.

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the mainframe modernization market
  • Market Development: Comprehensive information about lucrative markets –  analysis of mainframe modernization market across various regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the mainframe modernization market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players IBM (US), TCS (India), Capgemini (France), Atos (France), AWS (US), Micro Focus (UK), BMC Software (US), Infosys (India), Wipro (India), HCL Tech (India), DXC Technology (US), Kyndryl (US), Rocket Software (US), Fujitsu (Japan), Cognizant (US), Tech Mahindra (India), Broadcom (US), and TmaxSoft (US)

Table of Contents

1               INTRODUCTION              30

1.1           STUDY OBJECTIVES       30

1.2           MARKET DEFINITION   30

1.3           STUDY SCOPE   31

1.3.1        MARKET SEGMENTATION AND REGIONAL SCOPE                 31

1.3.2        INCLUSIONS & EXCLUSIONS       32

1.3.3        YEARS CONSIDERED      32

1.4           CURRENCY CONSIDERED            32

1.5           UNITS CONSIDERED      33

1.6           STAKEHOLDERS               33

1.7           SUMMARY OF CHANGES               33

2               RESEARCH METHODOLOGY       34

2.1           RESEARCH DATA              34

2.1.1        SECONDARY DATA          35

2.1.1.1    List of key secondary sources              35

2.1.2        PRIMARY DATA 35

2.1.2.1    Primary interviews with experts         36

2.1.2.2    Breakdown of primary profiles           36

2.1.2.3    Key insights from industry experts    36

2.2           MARKET SIZE ESTIMATION         37

2.2.1        TOP-DOWN APPROACH                37

2.2.2        BOTTOM-UP APPROACH              38

2.2.3        MAINFRAME MODERNIZATION MARKET ESTIMATION: DEMAND-SIDE ANALYSIS             39

2.3           DATA TRIANGULATION                40

2.4           RISK ASSESSMENT           41

2.5           RESEARCH ASSUMPTIONS           42

2.6           RESEARCH LIMITATIONS             42

3               EXECUTIVE SUMMARY  43

4               PREMIUM INSIGHTS       45

4.1           ATTRACTIVE OPPORTUNITIES FOR KEY PLAYERS IN MAINFRAME MODERNIZATION MARKET              45

4.2           MAINFRAME MODERNIZATION MARKET, BY OFFERING                 45

4.3           MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE         46

4.4           MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE     46

4.5           MAINFRAME MODERNIZATION MARKET, BY VERTICAL                 47

4.6           NORTH AMERICA: MAINFRAME MODERNIZATION MARKET: OFFERINGS AND TOP THREE VERTICALS         47

5               MARKET OVERVIEW AND INDUSTRY TRENDS    48

Unpacking the Forces Shaping Mainframe Modernization & Future Growth Opportunities

5.1           INTRODUCTION              48

5.2           MARKET DYNAMICS       48

5.2.1        DRIVERS               49

5.2.1.1    Need for agility, speed, and digital transformation         49

5.2.1.2    Cost reduction and operational efficiency        49

5.2.1.3    Integration with modern technologies (cloud, AI, DevOps)                 50

5.2.2        RESTRAINTS      50

5.2.2.1    High complexity of legacy applications             50

5.2.2.2    Risk of business disruption during transformation          50

5.2.2.3    Shortage of modernization expertise 51

5.2.3        OPPORTUNITIES              51

5.2.3.1    Accelerated innovation with cloud-native and AI tools  51

5.2.3.2    Migration to pay-as-you-go and managed modernization services                 51

5.2.3.3    Enhanced business agility through modular architectures                 51

5.2.3.4    Modernization demand in highly regulated sectors        52

5.2.4        CHALLENGES    52

5.2.4.1    Understanding legacy system architecture and code complexity                 52

5.2.4.2    Ensuring data integrity and compliance during migration                 52

5.2.4.3    Long modernization timelines and resource management                 52

5.2.4.4    Integrating mainframe and non-mainframe workloads smoothly                 53

5.3           EVOLUTION OF MAINFRAME MODERNIZATION SOFTWARE AND SERVICES          53

5.4           MAINFRAME MODERNIZATION MARKET: ECOSYSTEM MARKET MAP    54

5.5           CASE STUDY ANALYSIS 56

5.5.1        GLOBAL FINANCIAL SERVICES PROVIDER LEVERAGES CAPGEMINI AND MICROSOFT AZURE FOR LEGACY MAINFRAME MODERNIZATION           56

5.5.2        LUMEN TECHNOLOGIES PARTNERS WITH ATOS FOR MAINFRAME MODERNIZATION AND CLOUD MIGRATION                 56

5.5.3        NORTH AMERICAN INSURANCE COMPANY REDUCES TCO BY 30% WITH INFOSYS MAINFRAME AND APPLICATION MODERNIZATION SERVICES       57

5.6           SUPPLY CHAIN ANALYSIS             57

5.7           REGULATORY LANDSCAPE         59

5.7.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             60

5.7.1.1    General Data Protection Regulation–European Union  60

5.7.1.2    Federal Risk and Authorization Management Program (FedRAMP) – US 60

5.7.1.3    National Institute of Standards and Technology (NIST)—US                 60

5.7.2        KEY REGULATIONS         62

5.7.2.1    North America      62

5.7.2.1.1 US           62

5.7.2.2    Europe   62

5.7.2.2.1 UK          62

5.7.2.3    Asia Pacific            63

5.7.2.3.1 India       63

5.7.2.3.2 Japan      63

5.7.2.4    Middle East & Africa            63

5.7.2.4.1 Saudi Arabia          63

5.7.2.5    Latin America       63

5.7.2.5.1 Brazil      64

5.8           PRICING ANALYSIS          64

5.8.1        AVERAGE SELLING PRICE OF MAINFRAME MODERNIZATION SOFTWARE, BY KEY PLAYER 64

5.8.2        PRICING RANGE OF MAINFRAME MODERNIZATION SERVICES, BY END USER                65

5.9           TECHNOLOGY ANALYSIS             66

5.9.1        KEY TECHNOLOGIES     66

5.9.1.1    Automated Code Conversion and Refactoring                 66

5.9.1.2    Cloud Hosting and Mainframe-as-a-Service    66

5.9.2        ADJACENT TECHNOLOGIES       66

5.9.2.1    Hybrid cloud orchestration platforms                66

5.9.2.2    Low-code and no-code application platforms  67

5.9.3        COMPLEMENTARY TECHNOLOGIES       67

5.9.3.1    AI (including Gen AI for Code Transformation)             67

5.9.3.2    Data Migration and Integration Tools              67

5.10         PATENT ANALYSIS          68

5.11         PORTER’S FIVE FORCES ANALYSIS           70

5.11.1      THREAT OF NEW ENTRANTS      71

5.11.2      THREAT OF SUBSTITUTES          71

5.11.3      BARGAINING POWER OF SUPPLIERS       71

5.11.4      BARGAINING POWER OF BUYERS             72

5.11.5      INTENSITY OF COMPETITIVE RIVALRY 72

5.12         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            72

5.13         KEY STAKEHOLDERS AND BUYING CRITERIA     73

5.13.1      KEY STAKEHOLDERS IN BUYING PROCESS           73

5.13.2      BUYING CRITERIA           73

5.14         KEY CONFERENCES AND EVENTS             74

5.15         TECHNOLOGY ROADMAP FOR MAINFRAME MODERNIZATION MARKET         75

5.15.1      SHORT-TERM ROADMAP (2023–2025)      75

5.15.2      MID-TERM ROADMAP (2026–2028)            76

5.15.3      LONG-TERM ROADMAP (2029–2030)        76

5.16         BEST PRACTICES IN MAINFRAME MODERNIZATION MARKET               76

5.16.1      COMPREHENSIVE ASSESSMENT AND BUSINESS ALIGNMENT      77

5.16.2      INCREMENTAL AND MODULAR MODERNIZATION                 77

5.16.3      AUTOMATED CODE TRANSFORMATION AND TESTING                 77

5.16.4      CROSS-FUNCTIONAL TEAMS AND KNOWLEDGE TRANSFER           77

5.16.5      SECURITY AND COMPLIANCE INTEGRATION     77

5.17         INVESTMENT AND FUNDING SCENARIO               78

5.18         IMPACT OF GEN AI ON MAINFRAME MODERNIZATION MARKET               79

5.18.1      TOP USE CASES AND MARKET POTENTIAL          79

5.18.1.1  Key use cases         80

5.18.2      BEST PRACTICES              81

5.18.2.1  Banking & financial services industry                81

5.18.2.2  Healthcare industry              81

5.18.2.3  Telecom industry 81

5.18.3      CASE STUDIES OF GEN AI IMPLEMENTATION    82

5.18.3.1  Automating Mainframe Testing with AI (Micro Focus)                 82

5.18.3.2  Mapping Legacy Dependencies Using AI for Mainframes (Deloitte)               82

5.18.3.3  Detecting Fraud on IBM Z Mainframes with AI/ML     83

5.18.3.4  Optimizing Mainframe Workloads through AI Analytics (BMC)                 83

5.18.3.5  Enhancing Mainframe Code Security with AI Scanning (Veracode)             83

5.19         IMPACT OF 2025 US TARIFFS—OVERVIEW            83

5.19.1      INTRODUCTION              83

5.19.2      KEY TARIFF RATES          84

5.19.3      PRICE IMPACT ANALYSIS             84

5.19.4      IMPACT ON REGION/COUNTRY                86

5.19.4.1  North America      86

5.19.4.2  Europe   87

5.19.4.3  Asia Pacific            88

5.19.5      IMPACT ON END-USE INDUSTRIES          88

6               MAINFRAME MODERNIZATION MARKET, BY OFFERING                 90

Detailed breakdown of market share and growth across Mainframe Modernization Software and Services

6.1           INTRODUCTION              91

6.1.1        OFFERINGS: MAINFRAME MODERNIZATION MARKET DRIVERS               91

6.2           SOFTWARE         92

6.2.1        MAINFRAME APPLICATION MODERNIZATION SOFTWARE         93

6.2.1.1    Gen-AI code analysis/refactoring and microservices adoption to propel rapid portfolio upgrades, signaling strong expansion ahead                 93

6.2.2        MAINFRAME OPTIMIZATION SOFTWARE              94

6.2.2.1    Cost pressure and performance SLAs to push AI/ML tuning and MIPS reduction, underpinning steady, efficiency led growth        94

6.3           MODERNIZATION SERVICES       94

6.3.1        MAINFRAME APPLICATION MODERNIZATION SERVICES             96

6.3.1.1    AI/DevOps led refactoring and CI/CD demand to accelerate migrations, pointing to robust multi year growth            96

6.3.1.2    Rehosting               97

6.3.1.2.1 Rapid migration of legacy workloads to modern infrastructure with minimal code change to reduce costs and preserve business continuity                 97

6.3.1.3    Replatforming       98

6.3.1.3.1 Cloud adoption, containerization, and DevOps agility to drive lift and shift modernization, supporting steady, scalable growth        98

6.3.1.4    Refactoring            98

6.3.1.4.1 AI assisted code modularization to reduce technical debt and downtime, accelerating phased upgrades and multi year expansion                 98

6.3.1.5    Rewriting                98

6.3.1.5.1 Strategic rebuilds for compliance and innovation to unlock long term capability gains, forecasting selective but high value growth                 98

6.3.1.6    Replacing               99

6.3.1.6.1 COTS/SaaS substitution to cut cost and meet regulations speeds time to value, enabling broad, rapid adoption 99

6.3.2        MAINFRAME OPTIMIZATION SERVICES 99

6.3.2.1    Compliance and cost pressure to drive AMI, MIPS reduction, and license tuning, supporting steady efficiency led expansion            99

6.3.3        MAINFRAME OPERATIONS          100

6.3.3.1    24×7 resilience, security, and hybrid complexity to sustain managed operations demand, forecasting durable recurring growth                 100

6.3.4        MAINFRAME-AS-A-SERVICE        101

6.3.4.1    Skills gaps and pay as you go economics to spur outsourced, consumption based mainframe management, signaling rapid, scalable adoption 101

7               MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE     103

Detailed breakdown of market share and growth across Mainframe Modernization Organization Size

7.1           INTRODUCTION              104

7.1.1        ORGANIZATION SIZE: MAINFRAME MODERNIZATION MARKET DRIVERS            104

7.2           LARGE ENTERPRISES     105

7.2.1        AI DRIVEN, COMPLIANCE FIRST MODERNIZATION IN LARGE ENTERPRISES TO PROPEL MULTI YEAR GROWTH                 105

7.3           SMALL AND MEDIUM-SIZED ENTERPRISES          106

7.3.1        SME MODERNIZATION TO ACCELERATE THROUGH AI ENABLED, SAAS FIRST, MFAAS SUPPORTED APPROACHES WITH PREDICTABLE COSTS    106

8               MAINFRAME MODERNIZATION MARKET, BY VERTICAL                 108

Detailed breakdown of market share and growth across Mainframe Modernization Verticals

8.1           INTRODUCTION              109

8.1.1        VERTICALS: MAINFRAME MODERNIZATION MARKET DRIVERS               110

8.2           BANKING, FINANCIAL SERVICES, & INSURANCE 111

8.2.1        COMPLIANCE AND AI DRIVEN CORE MODERNIZATION TO SCALE VIA PHASED REFACTORING, SUSTAINING MULTI YEAR GROWTH 111

8.3           IT & ITES              112

8.3.1        AI/DEVOPS MODERNIZATION TO BOOST PROVIDER AGILITY AND CLIENT DEMAND, DRIVING STEADY EXPANSION                 112

8.4           HEALTHCARE    113

8.4.1        HIPAA/GDPR LED, AI ASSISTED CLOUD MODERNIZATION TO ADVANCE CAUTIOUSLY, UNDERPINNING DURABLE GROWTH        113

8.5           MEDIA & ENTERTAINMENT        114

8.5.1        CX AND RIGHTS COMPLIANCE TO DRIVE AI-ENABLED DEVOPS PIPELINES FOR RAPID RELEASES AND SUSTAINED GROWTH             114

8.6           RETAIL & E-COMMERCE                115

8.6.1        OMNICHANNEL DEMAND AND PEAK EVENTS TO DRIVE AI  AND AUTOMATION LED MODERNIZATION FOR REAL TIME AGILITY AND SCALABLE GROWTH          115

8.7           EDUCATION      116

8.7.1        PRIVACY DRIVEN (FERPA/GDPR) CLOUD AND AI UPGRADES TO MODERNIZE STUDENT SYSTEMS, SUPPORTING STEADY ADOPTION AND INCLUSIVE EXPANSION            116

8.8           MANUFACTURING          117

8.8.1        INDUSTRY 4.0, ERP INTEGRATION, AND COMPLIANCE NEEDS TO PROPEL HYBRID REFACTORING AND DATA DRIVEN PLATFORMS FOR SUSTAINED COMPETITIVENESS           117

8.9           GOVERNMENT 118

8.9.1        COMPLIANCE, COST REDUCTION, AND CITIZEN SERVICE GOALS TO PUSH HYBRID CLOUD AND MFAAS MODERNIZATION, YIELDING GRADUAL BUT DURABLE PROGRESS           118

8.10         TELECOM            119

8.10.1      5G ROLLOUT, REAL-TIME BILLING, AND CUSTOMER EXPERIENCE PRESSURES TO DRIVE AI/DEVOPS MODERNIZATION TOWARD MICROSERVICES AND HYBRID CLOUD, ENABLING SUSTAINABLE GROWTH       119

8.11         OTHER VERTICALS         120

9               MAINFRAME MODERNIZATION MARKET, BY REGION                 122

Regional market sizing, forecasts, and regulatory landscapes

9.1           INTRODUCTION              123

9.2           NORTH AMERICA             124

9.2.1        NORTH AMERICA: MACROECONOMIC OUTLOOK                 124

9.2.2        US           129

9.2.2.1    Focus on transforming legacy systems with AI, automation, and cloud technologies to drive market    129

9.2.3        CANADA               131

9.2.3.1    Emphasis on hybrid cloud integration, compliance, workforce upskilling, and data accessibility in financial and public sectors to drive market    131

9.3           EUROPE               135

9.3.1        EUROPE: MACROECONOMIC OUTLOOK               135

9.3.2        GERMANY           139

9.3.2.1    Focus on industrial resilience, compliance, and secure stepwise mainframe-to-cloud integration to drive market             139

9.3.3        UK          142

9.3.3.1    Regulatory-driven banking transformation, public sector digitalization, and adoption of phased, risk-managed modernization to drive market          142

9.3.4        FRANCE                142

9.3.4.1    Public sector and banking initiatives, regulatory compliance, and high-profile AI adoption to drive market          142

9.3.5        SPAIN    142

9.3.5.1    Banking, insurance, and public sector transformation via cloud integration and modular migration strategies to drive market      142

9.3.6        ITALY    143

9.3.6.1    Focus on banking, insurance, and public sector modernization to drive market          143

9.3.7        NORDIC COUNTRIES     143

9.3.7.1    Public sector digital transformation and open banking to drive market    143

9.3.8        REST OF EUROPE             143

9.4           ASIA PACIFIC     143

9.4.1        ASIA PACIFIC: MACROECONOMIC OUTLOOK     144

9.4.2        CHINA  149

9.4.2.1    Data sovereignty, strong public sector involvement, and modernization of banking and government platforms to drive market                 149

9.4.3        JAPAN   152

9.4.3.1    Regulatory-driven transformation with stepwise upgrades and automation-led migration to drive market        152

9.4.4        INDIA    152

9.4.4.1    Public sector digital transformation and large-scale banking modernization to propel market         152

9.4.5        AUSTRALIA & NEW ZEALAND     152

9.4.5.1    Regulatory-driven banking and public sector modernization with strong vendor partnerships to drive market     152

9.4.6        SOUTH KOREA  153

9.4.6.1    Leveraging local technology leaders for modular migration in banking and telecom to drive market                 153

9.4.7        SOUTHEAST ASIA            153

9.4.7.1    Digital banking, public sector upgrading, and greater cloud adoption to drive market     153

9.4.8        REST OF ASIA PACIFIC   153

9.5           MIDDLE EAST & AFRICA                154

9.5.1        MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK                 154

9.5.2        MIDDLE EAST   157

9.5.2.1    Kingdom of Saudi Arabia    158

9.5.2.1.1 State-led digital transformation and mandated banking and public sector upgrades to drive market              158

9.5.2.2    UAE        161

9.5.2.2.1 Government-led digital initiatives, banking innovation, and widespread use of hybrid cloud and containerized mainframe models to fuel modernization                161

9.5.2.3    Rest of Middle East              161

9.5.3        AFRICA 161

9.6           LATIN AMERICA                162

9.6.1        LATIN AMERICA: MACROECONOMIC OUTLOOK                 162

9.6.2        BRAZIL 166

9.6.2.1    Strategic public-private investments, regulatory reforms, and landmark banking sector projects to drive market           166

9.6.3        MEXICO                169

9.6.3.1    Cloud migration, talent upskilling, and system integration for financial and governmental sectors to drive market        169

9.6.4        REST OF LATIN AMERICA             169

10            COMPETITIVE LANDSCAPE         170

Strategic Profiles of Leading Players & Their Playbooks for Market Dominance

10.1         OVERVIEW          170

10.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2023–2025                 170

10.3         MARKET SHARE ANALYSIS, 2024                 171

10.3.1      MARKET RANKING ANALYSIS     172

10.4         REVENUE ANALYSIS, 2020–2024  174

10.5         BRAND/PRODUCT COMPARISON             175

10.6         COMPANY VALUATION AND FINANCIAL METRICS                 176

10.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 177

10.7.1      STARS   177

10.7.2      EMERGING LEADERS     177

10.7.3      PERVASIVE PLAYERS      177

10.7.4      PARTICIPANTS 177

10.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         179

10.7.5.1  Company footprint               179

10.7.5.2  Region footprint   180

10.7.5.3  Offering footprint 181

10.7.5.4  Organization size footprint 182

10.7.5.5  Vertical footprint  183

10.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        184

10.8.1      PROGRESSIVE COMPANIES         184

10.8.2      RESPONSIVE COMPANIES            184

10.8.3      DYNAMIC COMPANIES  184

10.8.4      STARTING BLOCKS         184

10.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 186

10.8.5.1  Detailed list of key startups/SMEs    186

10.8.5.2  Competitive benchmarking of key startups/SMEs          186

10.9         COMPETITIVE SCENARIO             187

10.9.1      PRODUCT LAUNCHES   187

10.9.2      DEALS  187

11            COMPANY PROFILES      188

In-depth look at their Strengths, Weaknesses, Product Portfolios, Recent Developments, and Strategic Moves

11.1         KEY PLAYERS     188

11.1.1      IBM        188

11.1.1.1  Business overview 188

11.1.1.2  Software/Services offered   189

11.1.1.3  Recent developments           190

11.1.1.3.1                Product launches  190

11.1.1.3.2                Deals      191

11.1.1.4  MnM view              191

11.1.1.4.1                Right to win           191

11.1.1.4.2                Strategic choices   191

11.1.1.4.3                Weaknesses and competitive threats 191

11.1.2      AWS       192

11.1.2.1  Business overview 192

11.1.2.2  Software/Services offered   193

11.1.2.3  Recent developments           194

11.1.2.3.1                Product launches  194

11.1.2.3.2                Deals      194

11.1.2.4  MnM view              194

11.1.2.4.1                Right to win           194

11.1.2.4.2                Strategic choices   194

11.1.2.4.3                Weaknesses and competitive threats 195

11.1.3      TCS        196

11.1.3.1  Business overview 196

11.1.3.2  Software/Services offered   197

11.1.3.3  Recent developments           198

11.1.3.3.1                Product launches  198

11.1.3.4  MnM view              198

11.1.3.4.1                Right to win           198

11.1.3.4.2                Strategic choices   198

11.1.3.4.3                Weaknesses and competitive threats 198

11.1.4      CAPGEMINI        199

11.1.4.1  Business overview 199

11.1.4.2  Software/Services offered   200

11.1.4.3  Recent developments           201

11.1.4.3.1                Product launches  201

11.1.4.4  MnM view              201

11.1.4.4.1                Right to win           201

11.1.4.4.2                Strategic choices   201

11.1.4.4.3                Weaknesses and competitive threats 201

11.1.5      HCLTECH            202

11.1.5.1  Business overview 202

11.1.5.2  Software/Services offered   203

11.1.5.3  MnM view              204

11.1.5.3.1                Right to win           204

11.1.5.3.2                Strategic choices   204

11.1.5.3.3                Weaknesses and competitive threats 204

11.1.6      ATOS     205

11.1.6.1  Business overview 205

11.1.6.2  Software/Services offered   206

11.1.7      MICRO FOCUS (OPENTEXT)       207

11.1.7.1  Business overview 207

11.1.7.2  Software/Services offered   207

11.1.7.3  Recent developments           208

11.1.7.3.1                Deals      208

11.1.8      BMC SOFTWARE               209

11.1.8.1  Business overview 209

11.1.8.2  Software/Services offered   209

11.1.9      INFOSYS               210

11.1.9.1  Business overview 210

11.1.9.2  Software/Services offered   211

11.1.10   WIPRO  212

11.1.10.1                 Business overview 212

11.1.10.2                 Software/Services offered   213

11.1.11   DXC TECHNOLOGY        214

11.1.12   KYNDRYL             215

11.1.13   ROCKET SOFTWARE       216

11.1.14   FUJITSU                217

11.1.15   COGNIZANT      218

11.1.16   TECH MAHINDRA            219

11.1.17   BROADCOM       220

11.1.18   TMAXSOFT         221

11.2         STARTUPS/SMES              222

11.2.1      PALMDIGITALZ                222

11.2.2      TSRI       223

11.2.3      MECHANICAL ORCHARD              224

11.2.4      VIRTUALZ COMPUTING                225

11.2.5      CLOUDFRAME  226

11.2.6      HEIRLOOM COMPUTING              227

12            ADJACENT AND RELATED MARKETS      228

12.1         INTRODUCTION              228

12.2         APPLICATION MODERNIZATION SERVICES MARKET                 228

12.2.1      MARKET DEFINITION   228

12.3         CLOUD PROFESSIONAL SERVICES MARKET         244

12.3.1      MARKET DEFINITION   244

13            APPENDIX           262

13.1         DISCUSSION GUIDE        262

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL                265

13.3         CUSTOMIZATION OPTIONS        267

13.4         RELATED REPORTS         267

13.5         AUTHOR DETAILS           268

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2020–2024            33

TABLE 2                ROLE OF KEY PLAYERS IN MAINFRAME MODERNIZATION MARKET ECOSYSTEM              54

TABLE 3                NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             60

TABLE 4                EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 61

TABLE 5                ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 61

TABLE 6                ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 62

TABLE 7                AVERAGE SELLING PRICE OF MAINFRAME MODERNIZATION SOFTWARE, BY KEY PLAYER, 2024 (USD/ HOUR)  65

TABLE 8                PRICING RANGE OF MAINFRAME MODERNIZATION SERVICES, BY END USER, 2024               65

TABLE 9                LIST OF KEY PATENTS, 2022-2025               69

TABLE 10              PORTER’S FIVE FORCES’ IMPACT ON MAINFRAME MODERNIZATION MARKET              70

TABLE 11              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END-USE VERTICALS        73

TABLE 12              KEY BUYING CRITERIA FOR END USE VERTICALS         74

TABLE 13              MAINFRAME MODERNIZATION MARKET: DETAILED LIST OF KEY CONFERENCES AND EVENTS, 2025–2026                 75

TABLE 14              US-ADJUSTED RECIPROCAL TARIFF RATES                 84

TABLE 15              EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKET DUE TO TARIFF IMPACT                 85

TABLE 16              MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            92

TABLE 17              MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            92

TABLE 18              SOFTWARE: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            93

TABLE 19              SOFTWARE: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            93

TABLE 20              MODERNIZATION SERVICES: MAINFRAME MODERNIZATION MARKET, BY REGION,  2019–2024 (USD MILLION)            95

TABLE 21              MODERNIZATION SERVICES: MAINFRAME MODERNIZATION MARKET, BY REGION,  2025–2030 (USD MILLION)            95

TABLE 22              MODERNIZATION SERVICES: MAINFRAME MODERNIZATION MARKET, BY SERVICES TYPE, 2019–2024 (USD MILLION)            96

TABLE 23              MODERNIZATION SERVICES: MAINFRAME MODERNIZATION MARKET, BY SERVICES TYPE, 2025–2030 (USD MILLION)            96

TABLE 24              MAINFRAME APPLICATION MODERNIZATION SERVICES: MAINFRAME MODERNIZATION MARKET, BY REGION, 2019–2024 (USD MILLION)            97

TABLE 25              MAINFRAME APPLICATION MODERNIZATION SERVICES: MAINFRAME MODERNIZATION MARKET, BY REGION, 2025–2030 (USD MILLION)            97

TABLE 26              MAINFRAME OPTIMIZATION SERVICES: MAINFRAME MODERNIZATION MARKET,

BY REGION, 2019–2024 (USD MILLION)   100

TABLE 27              MAINFRAME OPTIMIZATION SERVICES: MAINFRAME MODERNIZATION MARKET,

BY REGION, 2025–2030 (USD MILLION)   100

TABLE 28              MAINFRAME OPERATIONS: MAINFRAME MODERNIZATION MARKET, BY REGION,  2019–2024 (USD MILLION)            101

TABLE 29              MAINFRAME OPERATIONS: MAINFRAME MODERNIZATION MARKET, BY REGION,  2025–2030 (USD MILLION)            101

TABLE 30              MAINFRAME-AS-A-SERVICE: MAINFRAME MODERNIZATION MARKET, BY REGION,  2019–2024 (USD MILLION)            102

TABLE 31              MAINFRAME-AS-A-SERVICE: MAINFRAME MODERNIZATION MARKET, BY REGION,  2025–2030 (USD MILLION)            102

TABLE 32              MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2019–2024 (USD MILLION)            105

TABLE 33              MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            105

TABLE 34              LARGE ENTERPRISES: MAINFRAME MODERNIZATION MARKET, BY REGION,  2019–2024 (USD MILLION)            106

TABLE 35              LARGE ENTERPRISES: MAINFRAME MODERNIZATION MARKET, BY REGION,  2025–2030 (USD MILLION)            106

TABLE 36              SMES: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            107

TABLE 37              SMES: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            107

TABLE 38              MAINFRAME MODERNIZATION MARKET, BY VERTICAL, 2019–2024 (USD MILLION)     110

TABLE 39              MAINFRAME MODERNIZATION MARKET, BY VERTICAL, 2025–2030 (USD MILLION)     111

TABLE 40              BFSI: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            112

TABLE 41              BFSI: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            112

TABLE 42              IT & ITES: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            113

TABLE 43              IT & ITES: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            113

TABLE 44              HEALTHCARE: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            114

TABLE 45              HEALTHCARE: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            114

TABLE 46              MEDIA & ENTERTAINMENT: MAINFRAME MODERNIZATION MARKET, BY REGION,  2019–2024 (USD MILLION)            115

TABLE 47              MEDIA & ENTERTAINMENT: MAINFRAME MODERNIZATION MARKET, BY REGION,  2025–2030 (USD MILLION)            115

TABLE 48              RETAIL & E-COMMERCE: MAINFRAME MODERNIZATION MARKET, BY REGION,  2019–2024 (USD MILLION)            116

TABLE 49              RETAIL & E-COMMERCE: MAINFRAME MODERNIZATION MARKET, BY REGION,  2025–2030 (USD MILLION)            116

TABLE 50              EDUCATION: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            117

TABLE 51              EDUCATION: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            117

TABLE 52              MANUFACTURING: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            118

TABLE 53              MANUFACTURING: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            118

TABLE 54              GOVERNMENT: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            119

TABLE 55              GOVERNMENT: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            119

TABLE 56              TELECOM: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            120

TABLE 57              TELECOM: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            120

TABLE 58              OTHER VERTICALS: MAINFRAME MODERNIZATION MARKET, BY REGION,

2019–2024 (USD MILLION)            121

TABLE 59              OTHER VERTICALS: MAINFRAME MODERNIZATION MARKET, BY REGION,

2025–2030 (USD MILLION)            121

TABLE 60              MAINFRAME MODERNIZATION MARKET, BY REGION, 2019–2024 (USD MILLION)          123

TABLE 61              MAINFRAME MODERNIZATION MARKET, BY REGION, 2025–2030 (USD MILLION)          123

TABLE 62              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            125

TABLE 63              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            126

TABLE 64              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE, 2019–2024 (USD MILLION)            126

TABLE 65              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE, 2025–2030 (USD MILLION)            126

TABLE 66              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE, 2019–2024 (USD MILLION) 126

TABLE 67              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,  2025–2030 (USD MILLION)       127

TABLE 68              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            127

TABLE 69              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            128

TABLE 70              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,

2019–2024 (USD MILLION)            128

TABLE 71              NORTH AMERICA: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            128

TABLE 72              US: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            129

TABLE 73              US: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            129

TABLE 74              US: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,

2019–2024 (USD MILLION)            130

TABLE 75              US: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,

2025–2030 (USD MILLION)            130

TABLE 76              US: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2019–2024 (USD MILLION)            130

TABLE 77              US: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            130

TABLE 78              US: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            131

TABLE 79              US: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            131

TABLE 80              CANADA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            132

TABLE 81              CANADA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            132

TABLE 82              CANADA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2019–2024 (USD MILLION)            132

TABLE 83              CANADA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2025–2030 (USD MILLION)            133

TABLE 84              CANADA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2019–2024 (USD MILLION)            133

TABLE 85              CANADA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            133

TABLE 86              CANADA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            134

TABLE 87              CANADA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            134

TABLE 88              EUROPE: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            136

TABLE 89              EUROPE: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            136

TABLE 90              EUROPE: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2019–2024 (USD MILLION)            136

TABLE 91              EUROPE: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2025–2030 (USD MILLION)            136

TABLE 92              EUROPE: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2019–2024 (USD MILLION)            137

TABLE 93              EUROPE: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            137

TABLE 94              EUROPE: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            137

TABLE 95              EUROPE: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            138

TABLE 96              EUROPE: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,

2019–2024 (USD MILLION)            138

TABLE 97              EUROPE: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            139

TABLE 98              GERMANY: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            139

TABLE 99              GERMANY: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            140

TABLE 100            GERMANY: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE, 2019–2024 (USD MILLION)            140

TABLE 101            GERMANY: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2025–2030 (USD MILLION)            140

TABLE 102            GERMANY: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,  2019–2024 (USD MILLION)                 140

TABLE 103            GERMANY: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,  2025–2030 (USD MILLION)                 141

TABLE 104            GERMANY: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            141

TABLE 105            GERMANY: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            141

TABLE 106            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            145

TABLE 107            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            146

TABLE 108            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE, 2019–2024 (USD MILLION)            146

TABLE 109            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE, 2025–2030 (USD MILLION)            146

TABLE 110            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,  2019–2024 (USD MILLION)                 146

TABLE 111            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,  2025–2030 (USD MILLION)                 147

TABLE 112            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            147

TABLE 113            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            147

TABLE 114            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,

2019–2024 (USD MILLION)            148

TABLE 115            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            148

TABLE 116            CHINA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            149

TABLE 117            CHINA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            149

TABLE 118            CHINA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2019–2024 (USD MILLION)            150

TABLE 119            CHINA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2025–2030 (USD MILLION)            150

TABLE 120            CHINA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2019–2024 (USD MILLION)            150

TABLE 121            CHINA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            150

TABLE 122            CHINA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            151

TABLE 123            CHINA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            151

TABLE 124            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,  2019–2024 (USD MILLION)            154

TABLE 125            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,  2025–2030 (USD MILLION)            155

TABLE 126            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET,

BY MODERNIZATION SERVICE, 2019–2024 (USD MILLION)                 155

TABLE 127            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET,

BY MODERNIZATION SERVICE, 2025–2030 (USD MILLION)                 155

TABLE 128            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET,

BY ORGANIZATION SIZE, 2019–2024 (USD MILLION)         155

TABLE 129            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET,

BY ORGANIZATION SIZE, 2025–2030 (USD MILLION)         156

TABLE 130            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,  2019–2024 (USD MILLION)            156

TABLE 131            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,  2025–2030 (USD MILLION)            156

TABLE 132            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,  2019–2024 (USD MILLION)            157

TABLE 133            MIDDLE EAST & AFRICA: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,  2025–2030 (USD MILLION)            157

TABLE 134            KSA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            158

TABLE 135            KSA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            158

TABLE 136            KSA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2019–2024 (USD MILLION)                 158

TABLE 137            KSA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2025–2030 (USD MILLION)                 159

TABLE 138            KSA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2019–2024 (USD MILLION)            159

TABLE 139            KSA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            159

TABLE 140            KSA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            160

TABLE 141            KSA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            160

TABLE 142            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            162

TABLE 143            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            163

TABLE 144            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE, 2019–2024 (USD MILLION)            163

TABLE 145            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE, 2025–2030 (USD MILLION)            163

TABLE 146            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,  2019–2024 (USD MILLION)       163

TABLE 147            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,  2025–2030 (USD MILLION)       164

TABLE 148            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            164

TABLE 149            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            165

TABLE 150            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,

2019–2024 (USD MILLION)            165

TABLE 151            LATIN AMERICA: MAINFRAME MODERNIZATION MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            165

TABLE 152            BRAZIL: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2019–2024 (USD MILLION)            166

TABLE 153            BRAZIL: MAINFRAME MODERNIZATION MARKET, BY OFFERING,

2025–2030 (USD MILLION)            166

TABLE 154            BRAZIL: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2019–2024 (USD MILLION)            167

TABLE 155            BRAZIL: MAINFRAME MODERNIZATION MARKET, BY MODERNIZATION SERVICE,  2025–2030 (USD MILLION)            167

TABLE 156            BRAZIL: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2019–2024 (USD MILLION)            167

TABLE 157            BRAZIL: MAINFRAME MODERNIZATION MARKET, BY ORGANIZATION SIZE,

2025–2030 (USD MILLION)            167

TABLE 158            BRAZIL: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2019–2024 (USD MILLION)            168

TABLE 159            BRAZIL: MAINFRAME MODERNIZATION MARKET, BY VERTICAL,

2025–2030 (USD MILLION)            168

TABLE 160            OVERVIEW OF STRATEGIES DEPLOYED BY KEY MAINFRAME MODERNIZATION MARKET PLAYERS JANUARY 2023–JULY 2025  170

TABLE 161            MAINFRAME MODERNIZATION MARKET: DEGREE OF COMPETITION         172

TABLE 162            MAINFRAME MODERNIZATION MARKET: REGION FOOTPRINT     180

TABLE 163            MAINFRAME MODERNIZATION MARKET: OFFERING FOOTPRINT 181

TABLE 164            MAINFRAME MODERNIZATION MARKET: ORGANIZATION SIZE FOOTPRINT           182

TABLE 165            MAINFRAME MODERNIZATION MARKET: VERTICAL FOOTPRINT 183

TABLE 166            MAINFRAME MODERNIZATION MARKET: LIST OF KEY STARTUPS/SMES              186

TABLE 167            MAINFRAME MODERNIZATION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES                 186

TABLE 168            MAINFRAME MODERNIZATION MARKET: PRODUCT LAUNCHES,

JANUARY 2023–JULY 2025               187

TABLE 169            MAINFRAME MODERNIZATION MARKET: DEALS, JANUARY 2023–JULY 2025               187

TABLE 170            IBM: COMPANY OVERVIEW         188

TABLE 171            IBM: SOFTWARE/SERVICES OFFERED     189

TABLE 172            IBM: PRODUCT LAUNCHES         190

TABLE 173            IBM: DEALS        191

TABLE 174            AWS: COMPANY OVERVIEW        192

TABLE 175            AWS: SOFTWARE/SERVICES OFFERED    193

TABLE 176            AWS: PRODUCT LAUNCHES        194

TABLE 177            AWS: DEALS       194

TABLE 178            TCS: COMPANY OVERVIEW         196

TABLE 179            TCS: SOFTWARE/SERVICES OFFERED     197

TABLE 180            TCS: PRODUCT LAUNCHES         198

TABLE 181            CAPGEMINI: COMPANY OVERVIEW         199

TABLE 182            CAPGEMINI: SOFTWARE/SERVICES OFFERED                 200

TABLE 183            CAPGEMINI: PRODUCT LAUNCHES         201

TABLE 184            HCLTECH: COMPANY OVERVIEW             202

TABLE 185            HCLTECH: SOFTWARE/SERVICES OFFERED                 203

TABLE 186            ATOS: COMPANY OVERVIEW      205

TABLE 187            ATOS: SOFTWARE/SERVICES OFFERED 206

TABLE 188            MICRO FOCUS: COMPANY OVERVIEW   207

TABLE 189            MICRO FOCUS: SOFTWARE/SERVICES OFFERED                 207

TABLE 190            MICRO FOCUS: DEALS   208

TABLE 191            BMC SOFTWARE: COMPANY OVERVIEW                 209

TABLE 192            BMC SOFTWARE: SOFTWARE/SERVICES OFFERED             209

TABLE 193            INFOSYS: COMPANY OVERVIEW                210

TABLE 194            INFOSYS: SOFTWARE/SERVICES OFFERED                 211

TABLE 195            WIPRO: COMPANY OVERVIEW   212

TABLE 196            WIPRO: SOFTWARE/SERVICES OFFERED                 213

TABLE 197            APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE,

2018–2023 (USD MILLION)            228

TABLE 198            APPLICATION MODERNIZATION SERVICES MARKET, BY SERVICE TYPE,

2024–2029 (USD MILLION)            229

TABLE 199            APPLICATION PORTFOLIO ASSESSMENT SERVICES MARKET, BY REGION,

2018–2023 (USD MILLION)            229

TABLE 200            APPLICATION PORTFOLIO ASSESSMENT SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            229

TABLE 201            CLOUD APPLICATION MIGRATION SERVICES MARKET, BY REGION,

2018–2023 (USD MILLION)          230

TABLE 202            CLOUD APPLICATION MIGRATION SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            230

TABLE 203            APPLICATION REPLATFORMING SERVICES MARKET, BY REGION,

2018–2023 (USD MILLION)            230

TABLE 204            APPLICATION REPLATFORMING SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            231

TABLE 205            APPLICATION INTEGRATION SERVICES MARKET, BY REGION,

2018–2023 (USD MILLION)            231

TABLE 206            APPLICATION INTEGRATION SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            231

TABLE 207            UI/UX MODERNIZATION SERVICES MARKET, BY REGION,

2018–2023 (USD MILLION)            232

TABLE 208            UI/UX MODERNIZATION SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            232

TABLE 209            POST-MODERNIZATION SERVICES MARKET, BY REGION,

2018–2023 (USD MILLION)            232

TABLE 210            POST-MODERNIZATION SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            233

TABLE 211            APPLICATION MODERNIZATION SERVICES MARKET, BY APPLICATION TYPE,

2018–2023 (USD MILLION)            233

TABLE 212            APPLICATION MODERNIZATION SERVICES MARKET, BY APPLICATION TYPE,

2024–2029 (USD MILLION)            233

TABLE 213            LEGACY APPLICATION MODERNIZATION SERVICES MARKET, BY REGION,

2018–2023 (USD MILLION)            234

TABLE 214            LEGACY APPLICATION MODERNIZATION SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            234

TABLE 215            CLOUD-HOSTED APPLICATION MODERNIZATION SERVICES MARKET, BY REGION,  2018–2023 (USD MILLION) 234

TABLE 216            CLOUD-HOSTED APPLICATION MODERNIZATION SERVICES MARKET, BY REGION,  2024–2029 (USD MILLION) 235

TABLE 217            CLOUD-NATIVE APPLICATION MODERNIZATION SERVICES MARKET, BY REGION,  2018–2023 (USD MILLION) 235

TABLE 218            CLOUD-NATIVE APPLICATION MODERNIZATION SERVICES MARKET, BY REGION,  2024–2029 (USD MILLION) 235

TABLE 219            APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL,

2018–2023 (USD MILLION)            236

TABLE 220            APPLICATION MODERNIZATION SERVICES MARKET, BY VERTICAL,

2024–2029 (USD MILLION)            236

TABLE 221            APPLICATION MODERNIZATION SERVICES MARKET IN BFSI, BY REGION,

2018–2023 (USD MILLION)            237

TABLE 222            APPLICATION MODERNIZATION SERVICES MARKET IN BFSI, BY REGION,

2024–2029 (USD MILLION)            237

TABLE 223            APPLICATION MODERNIZATION SERVICES MARKET IN IT & ITES, BY REGION,  2018–2023 (USD MILLION)                 237

TABLE 224            APPLICATION MODERNIZATION SERVICES MARKET IN IT & ITES, BY REGION,  2024–2029 (USD MILLION)                 238

TABLE 225            APPLICATION MODERNIZATION SERVICES MARKET IN HEALTHCARE & LIFE SCIENCES,  BY REGION, 2018–2023 (USD MILLION)       238

TABLE 226            APPLICATION MODERNIZATION SERVICES MARKET IN HEALTHCARE & LIFE SCIENCES,  BY REGION, 2024–2029 (USD MILLION)       238

TABLE 227            APPLICATION MODERNIZATION SERVICES MARKET IN MANUFACTURING,

BY REGION,  2018–2023 (USD MILLION)                 239

TABLE 228            APPLICATION MODERNIZATION SERVICES MARKET IN MANUFACTURING,

BY REGION,  2024–2029 (USD MILLION)                 239

TABLE 229            APPLICATION MODERNIZATION SERVICES MARKET IN TELECOM, BY REGION,  2018–2023 (USD MILLION)                 239

TABLE 230            APPLICATION MODERNIZATION SERVICES MARKET IN TELECOM, BY REGION,  2024–2029 (USD MILLION)                 240

TABLE 231            TRANSPORTATION & LOGISTICS: APPLICATION MODERNIZATION SERVICES MARKET,  BY REGION, 2018–2023 (USD MILLION) 240

TABLE 232            TRANSPORTATION & LOGISTICS: APPLICATION MODERNIZATION SERVICES MARKET,  BY REGION, 2024–2029 (USD MILLION) 240

TABLE 233            APPLICATION MODERNIZATION SERVICES MARKET IN MEDIA & ENTERTAINMENT,  BY REGION, 2018–2023 (USD MILLION) 241

TABLE 234            APPLICATION MODERNIZATION SERVICES MARKET IN MEDIA & ENTERTAINMENT,  BY REGION, 2024–2029 (USD MILLION) 241

TABLE 235            APPLICATION MODERNIZATION SERVICES MARKET IN RETAIL & E-COMMERCE,

BY REGION, 2018–2023 (USD MILLION)   241

TABLE 236            APPLICATION MODERNIZATION SERVICES MARKET IN RETAIL & E-COMMERCE,

BY REGION, 2024–2029 (USD MILLION)   242

TABLE 237            APPLICATION MODERNIZATION SERVICES MARKET IN GOVERNMENT, BY REGION,  2018–2023 (USD MILLION)            242

TABLE 238            APPLICATION MODERNIZATION SERVICES MARKET IN GOVERNMENT, BY REGION,  2024–2029 (USD MILLION)            242

TABLE 239            APPLICATION MODERNIZATION SERVICES MARKET IN OTHER VERTICALS,

BY REGION, 2018–2023 (USD MILLION)   243

TABLE 240            APPLICATION MODERNIZATION SERVICES MARKET IN OTHER VERTICALS,

BY REGION, 2024–2029 (USD MILLION)   243

TABLE 241            APPLICATION MODERNIZATION SERVICES MARKET, BY REGION,

2018–2023 (USD MILLION)            243

TABLE 242            APPLICATION MODERNIZATION SERVICES MARKET, BY REGION,

2024–2029 (USD MILLION)            244

TABLE 243            CLOUD PROFESSIONAL SERVICES MARKET, BY SERVICE TYPE,

2019–2022 (USD MILLION)            244

TABLE 244            CLOUD PROFESSIONAL SERVICES MARKET, BY SERVICE TYPE,

2023–2028 (USD MILLION)            244

TABLE 245            CLOUD PROFESSIONAL CONSULTING SERVICES MARKET, BY REGION,

2019–2022 (USD MILLION)            245

TABLE 246            CLOUD PROFESSIONAL CONSULTING SERVICES MARKET, BY REGION,

2023–2028 (USD MILLION)            245

TABLE 247            CLOUD PROFESSIONAL INTEGRATION & OPTIMIZATION SERVICES MARKET,

BY REGION, 2019–2022 (USD MILLION)   245

TABLE 248            CLOUD PROFESSIONAL INTEGRATION & OPTIMIZATION SERVICES MARKET,

BY REGION, 2023–2028 (USD MILLION)   246

TABLE 249            CLOUD PROFESSIONAL IMPLEMENTATION & MIGRATION SERVICES MARKET,

BY REGION, 2019–2022 (USD MILLION)   246

TABLE 250            CLOUD PROFESSIONAL IMPLEMENTATION & MIGRATION SERVICES MARKET,

BY REGION, 2023–2028 (USD MILLION)   246

TABLE 251            CLOUD PROFESSIONAL APPLICATION DEVELOPMENT & MODERNIZATION SERVICES MARKET, BY REGION, 2019–2022 (USD MILLION)          247

TABLE 252            CLOUD PROFESSIONAL APPLICATION DEVELOPMENT & MODERNIZATION SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)          247

TABLE 253            CLOUD PROFESSIONAL SERVICES MARKET, BY SERVICE MODEL,

2019–2022 (USD MILLION)            247

TABLE 254            CLOUD PROFESSIONAL SERVICES MARKET, BY SERVICE MODEL,

2023–2028 (USD MILLION)            248

TABLE 255            INFRASTRUCTURE-AS-A-SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION)          248

TABLE 256            INFRASTRUCTURE-AS-A-SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION)          248

TABLE 257          PLATFORM-AS-A-SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION)            249

TABLE 258          PLATFORM-AS-A-SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION)            249

TABLE 259          SOFTWARE-AS-A-SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION)            249

TABLE 260          SOFTWARE-AS-A-SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION)            250

TABLE 261            CLOUD PROFESSIONAL SERVICES MARKET, BY DEPLOYMENT MODEL,

2019–2022 (USD MILLION)            250

TABLE 262            CLOUD PROFESSIONAL SERVICES MARKET, BY DEPLOYMENT MODEL,

2023–2028 (USD MILLION)            250

TABLE 263            PUBLIC CLOUD PROFESSIONAL SERVICES MARKET, BY REGION,

2019–2022 (USD MILLION)            251

TABLE 264            PUBLIC CLOUD PROFESSIONAL SERVICES MARKET, BY REGION,

2023–2028 (USD MILLION)          251

TABLE 265            PRIVATE CLOUD PROFESSIONAL SERVICES MARKET, BY REGION,

2019–2022 (USD MILLION)            251

TABLE 266            PRIVATE CLOUD PROFESSIONAL SERVICES MARKET, BY REGION,

2023–2028 (USD MILLION)            252

TABLE 267            CLOUD PROFESSIONAL SERVICES MARKET, BY ORGANIZATION SIZE,

2019–2022 (USD MILLION)            252

TABLE 268            CLOUD PROFESSIONAL SERVICES MARKET, BY ORGANIZATION SIZE,

2023–2028 (USD MILLION)            252

TABLE 269            LARGE ENTERPRISES MARKET, BY REGION, 2019–2022 (USD MILLION)            253

TABLE 270            LARGE ENTERPRISES MARKET, BY REGION, 2023–2028 (USD MILLION)            253

TABLE 271            SMALL & MEDIUM-SIZED ENTERPRISES MARKET, BY REGION,

2019–2022 (USD MILLION)            253

TABLE 272            SMALL & MEDIUM-SIZED ENTERPRISES MARKET, BY REGION,

2023–2028 (USD MILLION)            254

TABLE 273            CLOUD PROFESSIONAL SERVICES MARKET, BY VERTICAL,

2019–2022 (USD MILLION)            254

TABLE 274            CLOUD PROFESSIONAL SERVICES MARKET, BY VERTICAL,

2023–2028 (USD MILLION)            255

TABLE 275            BFSI VERTICAL MARKET, BY REGION, 2019–2022 (USD MILLION) 255

TABLE 276            BFSI VERTICAL MARKET, BY REGION, 2023–2028 (USD MILLION) 255

TABLE 277            RETAIL & CONSUMER GOODS VERTICAL MARKET, BY REGION,

2019–2022 (USD MILLION)            256

TABLE 278            RETAIL & CONSUMER GOODS VERTICAL MARKET, BY REGION,

2023–2028 (USD MILLION)            256

TABLE 279            IT & ITES VERTICAL MARKET, BY REGION, 2019–2022 (USD MILLION)       256

TABLE 280            IT & ITES VERTICAL MARKET, BY REGION, 2023–2028 (USD MILLION)       257

TABLE 281            TELECOMMUNICATIONS VERTICAL MARKET, BY REGION,

2019–2022 (USD MILLION)            257

TABLE 282            TELECOMMUNICATIONS VERTICAL MARKET, BY REGION,

2023–2028 (USD MILLION)            257

TABLE 283            HEALTHCARE & LIFE SCIENCES VERTICAL MARKET, BY REGION,

2019–2022 (USD MILLION)            258

TABLE 284            HEALTHCARE & LIFE SCIENCES VERTICAL MARKET, BY REGION,

2023–2028 (USD MILLION)            258

TABLE 285            MANUFACTURING VERTICAL MARKET, BY REGION, 2019–2022 (USD MILLION)          258

TABLE 286            MANUFACTURING VERTICAL MARKET, BY REGION, 2023–2028 (USD MILLION)          259

TABLE 287            ENERGY & UTILITIES VERTICAL MARKET, BY REGION, 2019–2022 (USD MILLION)          259

TABLE 288            ENERGY & UTILITIES VERTICAL MARKET, BY REGION, 2023–2028 (USD MILLION)          259

TABLE 289            GOVERNMENT & DEFENSE VERTICAL MARKET, BY REGION,

2019–2022 (USD MILLION)            260

TABLE 290            GOVERNMENT & DEFENSE VERTICAL MARKET, BY REGION,

2023–2028 (USD MILLION)            260

TABLE 291            OTHER VERTICALS MARKET, BY REGION, 2019–2022 (USD MILLION)       260

TABLE 292            OTHER VERTICALS MARKET, BY REGION, 2023–2028 (USD MILLION)       261

TABLE 293            CLOUD PROFESSIONAL SERVICES MARKET, BY REGION,

2019–2022 (USD MILLION)            261

TABLE 294            CLOUD PROFESSIONAL SERVICES MARKET, BY REGION,

2023–2028 (USD MILLION)            261

LIST OF FIGURES

FIGURE 1              MAINFRAME MODERNIZATION MARKET: RESEARCH DESIGN         34

FIGURE 2              BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION  36

FIGURE 3              MAINFRAME MODERNIZATION MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES                37

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 1 (SUPPLY SIDE): REVENUE OF VENDORS IN MAINFRAME MODERNIZATION MARKET              38

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY–APPROACH 2 (DEMAND SIDE): MAINFRAME MODERNIZATION MARKET               39

FIGURE 6              MARKET SIZE ESTIMATION METHODOLOGY: DEMAND-SIDE ANALYSIS             39

FIGURE 7              MAINFRAME MODERNIZATION MARKET: DATA TRIANGULATION             40

FIGURE 8              MAINFRAME MODERNIZATION MARKET, 2023–2030 (USD MILLION)       43

FIGURE 9              MAINFRAME MODERNIZATION MARKET, BY REGION (2025)   44

FIGURE 10            INCREASING ADOPTION OF AI-DRIVEN AUTOMATION TO DRIVE MAINFRAME MODERNIZATION MARKET               45

FIGURE 11            MODERNIZATION SERVICE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD            45

FIGURE 12            MAINFRAME APPLICATION MODERNIZATION SERVICES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD                46

FIGURE 13            LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD                 46

FIGURE 14            BFSI SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD     47

FIGURE 15            MODERNIZATION SERVICE AND BFSI SEGMENTS TO ACCOUNT FOR LARGEST MARKET SHARES IN NORTH AMERICA IN 2025              47

FIGURE 16            MAINFRAME MODERNIZATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 49

FIGURE 17            EVOLUTION: MAINFRAME MODERNIZATION SOFTWARE AND SERVICES          53

FIGURE 18            MAINFRAME MODERNIZATION MARKET ECOSYSTEM MARKET MAP:  KEY PLAYERS         55

FIGURE 19            MAINFRAME MODERNIZATION MARKET: SUPPLY CHAIN ANALYSIS             58

FIGURE 20            AVERAGE SELLING PRICE OF MAINFRAME MODERNIZATION SOFTWARE, BY KEY PLAYER, 2024, (USD/ HOUR)  64

FIGURE 21            LIST OF KEY PATENTS FOR MAINFRAME MODERNIZATION, 2013–2024      68

FIGURE 22            MAINFRAME MODERNIZATION MARKET: PORTER’S FIVE FORCES ANALYSIS           70

FIGURE 23            MAINFRAME MODERNIZATION MARKET: DISRUPTIONS IMPACTING CUSTOMER BUSINESS            72

FIGURE 24            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USE VERTICALS         73

FIGURE 25            KEY BUYING CRITERIA FOR END-USE VERTICALS         74

FIGURE 26            MAINFRAME MODERNIZATION MARKET: INVESTMENT AND FUNDING SCENARIO, 2021–2025 (USD MILLION)            78

FIGURE 27            MARKET POTENTIAL OF GEN AI IN ENHANCING MAINFRAME MODERNIZATION ACROSS VARIOUS TYPES OF SOLUTIONS        79

FIGURE 28            GEN AI BEST PRACTICES ACROSS MAJOR INDUSTRIES       82

FIGURE 29            SOFTWARE SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD          91

FIGURE 30            MAINFRAME OPTIMIZATION SERVICES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 95

FIGURE 31            SMES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD         104

FIGURE 32            TELECOM SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD          109

FIGURE 33            NORTH AMERICA: MAINFRAME MODERNIZATION MARKET SNAPSHOT 125

FIGURE 34            ASIA PACIFIC: MAINFRAME MODERNIZATION MARKET SNAPSHOT       145

FIGURE 35            SHARES OF LEADING COMPANIES IN MAINFRAME MODERNIZATION

MARKET, 2024    171

FIGURE 36            MAINFRAME MODERNIZATION MARKET: RANKING ANALYSIS OF TOP FIVE PLAYERS         172

FIGURE 37            REVENUE ANALYSIS OF KEY PLAYERS IN MAINFRAME MODERNIZATION MARKET,  2020–2024 (USD MILLION)            174

FIGURE 38            MAINFRAME MODERNIZATION MARKET: BRAND/PRODUCT COMPARISON             175

FIGURE 39            COMPANY VALUATION: 2025      176

FIGURE 40            FINANCIAL METRICS OF KEY VENDORS: 2025                 176

FIGURE 41            MAINFRAME MODERNIZATION MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       178

FIGURE 42            MAINFRAME MODERNIZATION MARKET: COMPANY FOOTPRINT 179

FIGURE 43            MAINFRAME MODERNIZATION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024                 185

FIGURE 44            IBM: COMPANY SNAPSHOT         189

FIGURE 45            AWS: COMPANY SNAPSHOT        193

FIGURE 46            TCS: COMPANY SNAPSHOT         197

FIGURE 47            CAPGEMINI: COMPANY SNAPSHOT         200

FIGURE 48            HCLTECH: COMPANY SNAPSHOT             203

FIGURE 49            ATOS: COMPANY SNAPSHOT     206

FIGURE 50            INFOSYS: COMPANY SNAPSHOT                211

FIGURE 51            WIPRO: COMPANY SNAPSHOT  213