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The global application modernization services market is expected to grow at a CAGR of 16.5% from 2023 to 2032, driven by an increase in the integration of cloud and DevOps technology in application modernization and a rise in demand for improved software functionalities. Government support for promoting the use of application modernization services is also fueling market growth. However, the high implementation cost of application modernization services and the lack of skilled employees with expertise in application modernization are hampering the growth of this market.
