Top reasons for global companies to modernize their legacy applications and data 2023

Published by
Lionel Sujay Vailshery,
Nov 14, 2023
Over half of the surveyed companies list increasing security and improving efficiency as main drivers for the modernization of their legacy applications and data in 2023. Cost reduction, better integration with modern technologies and increased agility and flexibility are not far behind, being mentioned by nearly 50 percent of the respondents as well. Although regulatory compliance was the least popular driver in the list, it has been claimed as driver for nearly 20 percent of the surveyed companies.

Top reasons driving companies' modernization of legacy applications and data worldwide in 2023

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Release date

June 2023

Region

Worldwide

Survey time period

May 2023

Number of respondents

1,420 respondents

Special properties

IT decision makers at companies and organizations in eight secotrs (Financial services/insurance, Manufacturing & Logistics, Retail, Hospitality & Travel, Government/Public sector, Media & Entertainment, Energy sector, Healthcare, Pharma, Bio-tech/Life sciences)

Supplementary notes

This question was phrased by the source as follows: "What are the main drivers of modernizing your legacy applications and data systems?"

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