Application modernization is the process of repurposing, restructuring, or consolidating existing business applications to better match their requirements with those of the market and its competitors. A legacy app can be made more modern by upgrading its technology stack, improving its application architecture, moving to a new, more current platform, or simply adding cutting-edge functionality using edge technologies.
The majority of firms believe that modernizing applications is only necessary for organizations using outdated legacy systems. However, it is a presumption that needs to be disproved to confine modernization to legacy apps.
Applications that are out-of-date or on the approach of expiring cannot be the only ones that are modernized. Even a recently developed enterprise application might be seen through a more contemporary and futuristic lens. It makes sense that today’s freshly released enterprise systems are also aiming for digital transformation by developing into next-generation apps or augmenting into business- and customer-centric processes and applications that use AI and VR.
It makes sense that the market for application modernization services is expected to increase from $11.4 billion in 2020 to $24.8 billion in 2025. Undoubtedly, it is now a top issue for many business owners.
Still not convinced that modernizing applications is a good idea? Continue reading to learn more.
Why does your business need to modernize applications?
The term “digital transformation” has gained popularity in recent years. However, as most companies discovered the value of being digitally present to meet the needs of clients who are digitally conscious while physically distant, the epidemic increased its use. Companies moved even closer to this after Microsoft said it would “see two years’ worth of digital transformation in two months.”
However, enterprises seeking digital transformation face significant difficulty due to the monolithic design used by outdated systems. In a time when business applications were thriving in Low-Code/No-Code settings, these programs were still running on dated, heavy technologies. While more recent programs employed microservices and APIs to communicate with one another, even the smallest third-party integration for these legacy systems required complete development teams. Businesses obviously needed a makeover. Application modernization provided this, too.
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