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The market for software migration from legacy systems has been limited to $30B a year or so because migration is very expensive and maintenance is easier. Talking to older firms, there is a real backlog of scoped cheaper migration projects being unlocked by AI surprisingly fast
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See the full storyEthan Mollick Says AI Is Unlocking Backlogged Legacy Software Migration ProjectsThe market for software migration from legacy systems has been limited to $30B a year or so because migration is very expensive and maintenance is easier. Talking to older firms, there is a real backlog of scoped cheaper migration projects being unlocked by AI surprisingly fast
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Ethan Mollick said AI is rapidly making lower-cost legacy software migration projects feasible, citing conversations with older firms that have a backlog of already-scoped work. He put the migration market at roughly $30 billion a year and said high migration costs, combined with the relative ease of maintaining existing systems, have limited it.
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