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In a rapidly changing digital world, staying ahead of the curve is crucial for businesses. Application modernization has become a vital strategy for businesses looking to leverage cutting-edge technologies, improve user experience, and maintain a competitive advantage. At HyScaler, we are committed to driving this transformation by providing world-class application modernization services. Let’s take a look at the recent updates in application modernization and how HyScaler is leading the charge.
Market Size
The market for application modernization solutions in the United States is large and continues to grow. According to recent reports, the global application modernization services market size is expected to reach $32.01 billion by 2024, growing at a compound annual growth rate (CAGR) of 18.8% from 2019 to 2024. This growth is driven by the growing needs of organizations. . modernize your existing applications to improve efficiency, reduce costs, and improve the customer experience.
In the United States, a significant percentage of companies are investing in application modernization. For example, a Forrester study indicates that more than 50% of large U.S. companies have launched some type of application modernization effort. This trend is driven by the need to remain competitive, take advantage of new technologies such as cloud computing and artificial intelligence, and meet ever-changing regulatory requirements.
An example of this trend is a large financial institution that undertook an application modernization project to migrate its existing mainframe systems to a cloud-based architecture. This measure resulted in a 30% reduction in operating costs and a 40% improvement in application performance, demonstrating the tangible benefits of application modernization.
Growth Rate:
The projected annual growth rate for the application modernization market has been robust. For instance, according to reports from Gartner and Forrester, the market is expected to grow at a compound annual growth rate (CAGR) of around 15% to 20% over the next few years. This growth is driven by increasing demand for modernizing legacy systems, adopting cloud-native approaches, and enhancing digital transformation efforts across industries.
The United States is expected to dominate with the largest market size.
Geographically, North America is segmented between the United States and Canada. With its cutting-edge IT infrastructure and deep technical expertise, the United States leads the region’s market in the adoption of application modernization.
Additionally, many American organizations are implementing cloud-based services to make their businesses scalable, flexible, and profitable. Companies such as Accenture, ATOS, Capgemini, HCL, Cognizant, IBM, and TCS..
Latest advancements and Updates in App Transformation
Cloud-native development: The transition to cloud-native architectures is accelerating. Enterprises are increasingly adopting microservices and containers to create scalable and resilient applications. Platforms like Kubernetes and Docker are becoming essential tools for managing these cloud-native applications.
Integration of AI and machine learning: Modern applications leverage AI and machine learning to deliver personalized experiences and intelligent automation. From predictive analytics to natural language processing, AI is redefining the capabilities of modern applications.
DevOps and Continuous Integration/Continuous Deployment (CI/CD): Integrating DevOps practices ensure faster and more reliable application delivery. CI/CD pipelines automate the testing and deployment process, reducing time to market and improving overall application quality.
API-First Approach: APIs form the backbone of modern applications and enable seamless integration with other systems and services. An API-driven approach ensures that applications are modular, flexible, and easily extendable.
Modernization of existing systems: Modernization of existing systems remains a priority. Techniques such as refactoring, re-platforming, and rearchitecting are used to transform outdated applications into modern, scalable solutions without losing core functionality.
HyScaler’s Role in App Transformation
We specialize in transforming existing applications into modern, scalable, and efficient solutions. Our comprehensive app modernization services include:
Assessment and Strategy: We begin by thoroughly assessing your existing IT applications and infrastructure. This allows us to develop a customized app modernization strategy that aligns with your business goals.
Cloud Migration: Leveraging cloud platforms such as AWS, Azure, and Google Cloud, we migrate your applications to the cloud, ensuring greater scalability, security, and cost-effectiveness.
Microservices Architecture: We decompose monolithic applications into microservices, enabling greater flexibility and faster development cycles. This approach also facilitates maintenance and scalability.
AI and Automation: By integrating AI and automation, we enhance your applications with advanced features such as predictive analytics, chatbots, and intelligent automation, improving user experience and operational efficiency.
DevOps Deployment: Our DevOps experts establish CI/CD pipelines, automating the testing and deployment process to ensure rapid and reliable application delivery.
API Management: We design and implement robust APIs that enable seamless integration with other systems and services, ensuring your applications are scalable and easily extensible.
Legacy System Transformation: We use several techniques to modernize existing systems, ensuring that they are aligned with current technology standards while preserving core functionality.
Success Stories:
HyScaler has successfully modernized applications for clients in various industries. Below are some examples of how we have helped businesses transform their digital landscape:
Healthcare Industry: HyScaler helped a leading healthcare provider integrate IoT solutions into their existing systems. We improve patient care and operational efficiency by connecting existing medical equipment to modern electronic health records (EHR) systems. This integration enabled real-time patient monitoring and data analysis, improving patient outcomes and optimizing healthcare processes.
Financial Services: A leading financial services company has partnered with HyScaler to modernize its core banking applications. By moving to a microservices architecture and implementing DevOps practices, we improve business agility and reduce time to market for new features. The modernization also improved the security and scalability of its applications, allowing them to handle higher transaction volumes easily.
Conclusion:
Application modernization is not just a trend but a necessity for companies that want to thrive in the digital age. With HyScaler’s expertise and innovative solutions, businesses can seamlessly transition to modern, efficient, and scalable applications. Stay ahead with HyScaler, your partner in digital transformation.
To learn more about our application modernization services, visit HyScaler.
