Legacy Modernization Market to Reach USD 56.87 Billion by 2030, Driven by Cloud Deployment and GenAI-Assisted Modernization

Legacy Modernization Market Outlook 

The Legacy Modernization Market is projected to grow from USD 24.98 billion in 2025 to USD 56.87 billion by 2030, registering a CAGR of 17.92%. This growth reflects the increasing need for organizations to address technical debt while enhancing operational efficiency through cloud-based solutions and AI-powered modernization. 

Legacy Modernization Market Key Trends 

Cloud Deployment Drives IT Modernization Shift 

Enterprises are moving to cloud and hybrid architectures, improving flexibility, scalability, and efficiency while reducing reliance on outdated legacy systems. 

Services Enable Smooth Modernization Projects 

IT services support organizations by managing risks, maintaining business continuity, and guiding system upgrades during complex modernization initiatives. 

Re-architecting Preferred for System Updates 

Re-platforming and re-architecting approaches help businesses optimize legacy systems, enhance performance, and prepare IT infrastructure for future operational needs. 

AI-Assisted Code Conversion Gains Traction 

Generative AI tools simplify legacy code migration, lowering costs, speeding project timelines, and increasing accuracy in modernization efforts. 

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/legacy-modernization-market?utm_source=Industrytoday.co.uk    

Legacy Modernization Market Segmentation 

By Component: 

• Software 
• Services 

By Deployment Type: 

• On-premises 
• Cloud 

By Modernization Approach: 

• Re-hosting 
• Re-platforming 
• Re-architecting 
• Re-factoring 
• Replacement / COTS 

By End-User Industry: 

• BFSI 
• Manufacturing 
• Healthcare 
• IT & Telecommunications 
• Retail & E-commerce 
• Government & Public Sector 
• Others 

By Organization Size: 

• Large Enterprises 
• Small and Medium Enterprises (SMEs) 

By Geography: 

• North America: United States, Canada, Mexico 
• South America: Brazil, Argentina, Rest of South America 
• Europe: United Kingdom, Germany, France, Italy, Spain, Nordics, Rest of Europe 
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Rest of Middle East, South Africa, Egypt, Nigeria, Rest of Africa 
• Asia-Pacific: China, India, Japan, South Korea, ASEAN, Australia, New Zealand, Rest of Asia-Pacific 

Legacy Modernization Market Companies 

• IBM Corporation 
• Accenture plc 
• Cognizant Technology Solutions Corporation 
• Infosys Limited 
• Tata Consultancy Services Limited 

Dominating Country 

North America currently dominates the Legacy Modernization Market, accounting for over one-third of global revenue. The region’s lead is fueled by high cloud adoption rates, regulatory pressures for real-time reporting, and a concentration of large enterprises with aging mainframe systems. Banks, insurance firms, and healthcare providers in the US and Canada are investing heavily in services-led modernization to reduce technical debt, improve scalability, and enable AI-driven decision-making. 

Conclusion 

The Legacy Modernization Market is on a strong growth trajectory, driven by cloud adoption, AI-assisted code conversion, and increasing regulatory requirements. Large enterprises remain the primary contributors, while Asia-Pacific shows the fastest expansion.  

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