French Aviation Supplier Lauak Explores Options as Lohia Circles
Lauak Groupe, the French family-owned supplier to aircraft manufacturers Airbus SE and Bombardier Inc., is exploring a full or partial sale to help fund global growth.
'All options are on the table,' Chief Executive Officer Mikel Charritton said in response to questions from Bloomberg. 'We can imagine an investment fund that takes a minority stake or an industrial buying a majority stake.'
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6 hours ago
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Netflix is looking more like the cable model it used to say was doomed
Netflix just made a groundbreaking deal to show a TV network's live and on-demand programming. Starting next summer, people in France will be able to watch content from French TV network TF1, including "The Voice," soaps, and big live sports events. "This is a first-of-its-kind partnership that plays to our strengths of giving audiences the best entertainment alongside the best discovery experience," Greg Peters, co-CEO of Netflix, said in a statement. "By teaming up with France's leading broadcaster we will provide French consumers with even more reasons to come to Netflix every day and to stay with us for all their entertainment." And just like that, Netflix is looking more and more like the cable model it used to say was doomed. It's unclear why Netflix chose France for its first such partnership and if it could signal the start of a broader push. Industry watchers were quick to speculate that more could follow. "I would expect to see these deals crop up in other markets," Ampere Analysis' Guy Bisson said, pointing to the UK as a natural next market. Netflix is far ahead of the paid streamer pack. To keep growing, it has to continually unlock new kinds of content that keep subscribers sticking around. That's why it has moved into live sports and other events, as well as kids' shows and games. But it has never signed a deal for live TV channels, and the TF1 partnership fits Netflix's goal of being a one-stop entertainment shop. It also feeds its advertising ambitions. Netflix is leaning on ads for its next phase of growth, and advertisers place a high value on live audiences because they're seen as more attentive. Netflix's ad tier reaches 94 million monthly active users, according to the company. All in, it has more than 300 million paid subscribers. There's also an upside for cable and linear TV broadcasters in partnering with Netflix. Their audiences are waning, and Netflix and other tech platforms can connect them to more viewers. TF1 is free to air in France, so being on Netflix doesn't cannibalize subscription revenue, though it could jeopardize the broadcaster's standing with advertisers by distributing on a platform it doesn't control. TV networks' partnership with tech platforms has taken other forms, as well. Media companies in the US, needing short-term revenue, have long licensed their shows to Netflix, for example. TV companies have also put full episodes of shows on YouTube as they look for new sources of revenue and viewers. Streaming industry analyst Dan Rayburn said the TF1 deal won't likely be replicated in the US anytime soon, however. US TV companies like Disney and Paramount are invested in their own streamers. Comcast and Warner Bros. Discovery 's cable networks are soon to be out there on their own as their parent companies prepare to spin them off, but he doubted either are big enough to be interesting to Netflix.
Yahoo
7 hours ago
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Eutelsat and France's Armed Forces Ministry Reach Landmark Framework Agreement for Low Orbit Satellite Services in the Context of Frances' NEXUS Program
Signaling a strategic evolution in France's space strategy, combining military and civilian resources Underscoring the crucial role of low Earth orbit (LEO) constellations in defense applications Providing strategic in-space resources in advance of the availability of the IRIS² constellation PARIS, June 18, 2025--(BUSINESS WIRE)--Regulatory News: Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) and France's armed forces ministry (Direction générale de l'armement) have today announced a landmark framework agreement on the occasion of the Paris Airshow. The agreement is the embodiment of the NEXUS (Neo-Espace pour de multiples Usages Sécurisés) program launched by the French Ministry of Defence, which aims to reinforce the current French military space communications model by combining military and civilian resources. France reaffirms its commitment to the European IRIS² program, which has been supported from the outset since the French Presidency of the Council of the European Union in 2022. However, the urgency of the international situation means that it cannot wait until then. As the first concrete step in the NEXUS project, the French defense procurement agency (DGA) has reached a 10-year framework agreement, valued at up to €1 billion in expenditure, with Eutelsat, covering the supply of priority-access space resources (notably capacity on Eutelsat's OneWeb LEO constellation), the hosting of ancillary missions for the French armed forces, and operational and security maintenance. The agreement also covers the upgrading and securing of the constellation for military grade use. Jean-Francois Fallacher, Chief Executive Officer of Eutelsat commented: "We are honored at the prospect of supporting the French armed forces through this historic agreement, which underscores the crucial role of low earth orbit satellite capacity in responding to the requirements of contemporary operational theaters. Eutelsat today offers the only commercially operated LEO constellation capable of meeting stringent military standards ahead of the deployment of IRIS². It provides global coverage, low latency, rapid deployment, and adaptability to mobile use cases, attributes validated by successful large-scale experiments conducted with the French Armed Forces." About Eutelsat Group Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 Geostationary satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group's unique suite of in-orbit assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL). DISCLAIMER The forward-looking statements included herein are for illustrative purposes only and are based on management's views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable. View source version on Contacts Media enquiries Joanna DarlingtonTel. +33 674 521 531jdarlington@ Anita BaltagiTel. +33 643 930 178abaltagi@ Katie DowdTel. +1 202 271 2209kdowd@ Investors Joanna DarlingtonTel. +33 674 521 531jdarlington@ Hugo Laurens-BergeTel. +33 670 80 95 58hlaurensberge@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
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Mainframe Modernization Services Market to Reach USD 76.16 Billion by 2032, Growing at a CAGR of 15.1%: Credence Research
PUNE, India, June 18, 2025 /PRNewswire/ -- According to a recent market analysis published by Credence Research, the global Mainframe Modernization Services Market is set to experience extraordinary growth, expanding from USD 21.5 billion in 2024 to USD 76.16 billion by 2032. This surge reflects a strong compound annual growth rate (CAGR) of 15.1% from 2025 to 2032. The report attributes this growth to the rising demand among enterprises to upgrade legacy infrastructure, reduce maintenance costs, and enhance agility through digital transformation. Credence Research notes that enterprises across sectors—particularly banking, insurance, healthcare, and government—are accelerating mainframe modernization to align with cloud-first strategies and future-ready IT ecosystems. The growing need for integration with modern digital platforms, along with advancements in automation, AI, and microservices architecture, is expected to further drive market momentum in the years ahead. Browse the report and understand how it can benefit your business strategy - Key Growth Determinants – Mainframe Modernization Services Market Demand for Operational Efficiency and Business AgilityOrganizations are under pressure to respond quickly to market changes and customer demands. Legacy mainframes often lack the flexibility and speed needed for modern operations. By modernizing these systems, companies can improve performance, streamline workflows, and increase adaptability—leading to faster decision-making and reduced time-to-market. A leading French bank achieved a 70% increase in operational performance and realized ROI within six months after migrating its mainframe application to a distributed Linux environment, demonstrating the tangible efficiency gains possible through modernization. In the retail sector, a major UK retailer modernized its mainframe environment, supporting critical operations like branch management and claims processing, by migrating to a cloud-based, open-standard platform. This shift enabled the organization to respond more adeptly to market demands and customer expectations, laying a robust foundation for future competitiveness. Accelerated Adoption of Cloud TechnologiesCloud computing plays a central role in modern IT infrastructure. Businesses are increasingly migrating mainframe workloads to public, private, or hybrid cloud environments to benefit from scalability, lower infrastructure costs, and seamless access to advanced tools. Mainframe modernization enables integration with cloud platforms, supporting cloud-native development and DevOps practices. Scalability and flexibility, allowing systems to expand or contract based on real-time needs. Lower infrastructure and maintenance costs, as cloud providers assume responsibility for hardware and security. Seamless integration with advanced tools, supporting cloud-native development and DevOps practices, which accelerates innovation and deployment cycles. For example, the aforementioned retailer transitioned from IBM z/OS to Java and PostgreSQL on Google Cloud Platform, aligning IT infrastructure with modern standards and reducing risks tied to legacy systems. Rising Costs and Risks of Legacy System MaintenanceMaintaining outdated mainframes is becoming increasingly expensive and complex. Hardware support is declining, and specialized skills are scarce, leading to higher operational risks and costs. Modernization allows companies to replace rigid legacy frameworks with more cost-effective, future-proof solutions. On average, legacy systems cost teams nearly $40,000 annually to maintain, with IT workers losing about 17 hours per week just on upkeep—almost half the workweek. In sectors like manufacturing and energy/utilities, annual maintenance costs can exceed $53,000 per worker. The scarcity of specialized mainframe skills, as many experts retire, further increases operational risks and costs. Modernization efforts can result in significant cost savings, with some organizations reporting up to 80% reductions in operational and maintenance expenses after transitioning to modern platforms. Enterprise-Wide Digital Transformation InitiativesIndustries such as banking, insurance, retail, and healthcare are investing in digital transformation to stay competitive. Mainframe modernization is a foundational step in this journey, enabling seamless data flow, real-time analytics, and integration with emerging technologies like AI, IoT, and blockchain—driving innovation and customer-centric solutions. Modernization enables seamless data flow, real-time analytics, and integration with emerging technologies like AI, IoT, and blockchain, which are critical for driving innovation and delivering customer-centric solutions. In the banking sector, moving high-volume document management off the mainframe to distributed platforms not only reduced technical debt but also ensured secure, modernized assets and uninterrupted service for end users. Retailers and other enterprises have validated that modernized environments support broader digital transformation, positioning organizations to adapt to future technological advancements and market shifts. Key Growth Barriers – Mainframe Modernization Services Market High Upfront Capital ExpenditureDespite long-term operational savings, mainframe modernization projects often require substantial initial investments. Costs can include new hardware, software licenses, cloud services, and skilled consulting. For many organizations—especially small and mid-sized enterprises—budget limitations may delay or restrict modernization plans, making it difficult to justify the transition financially in the short term. Complexity of Legacy Systems and ArchitectureMany mainframes have been in operation for decades, containing tightly coupled, business-critical applications with custom code and undocumented processes. Migrating these systems involves high technical risk, as even small errors can disrupt core operations. This complexity can slow down project execution, inflate costs, and make some organizations hesitant to modernize altogether. Lack of Skilled ResourcesThere is a dual talent gap in the market—experienced legacy system experts are retiring, while professionals skilled in modern platforms often lack mainframe-specific knowledge. This shortage hinders smooth migration and increases dependency on specialized service providers, driving up project costs and timelines. Regulatory and Compliance ChallengesOrganizations in regulated industries must maintain strict data security, auditability, and compliance standards during modernization. Ensuring that the new environment meets all legal and operational requirements can increase project complexity and duration, especially when dealing with cross-border data governance or financial regulations. Key Market Opportunities – Mainframe Modernization Services Market Expansion of Cloud-Native and Hybrid Cloud IntegrationEnterprises increasingly seek to integrate mainframe applications with cloud-native architectures. Modernization services that enable seamless migration to hybrid environments—leveraging containerization, microservices, and API-driven connectivity—stand to gain significant traction. Advent of AI-Driven AutomationIncorporating AI and machine learning into modernization workflows—such as code refactoring, workload optimization, and predictive maintenance—presents a compelling opportunity. Automated tools can accelerate migration timelines and reduce errors, unlocking cost savings and improved performance. Rise in Industry-Specific SolutionsTailored modernization offerings for regulated industries (like banking, healthcare, and utilities) are in demand. Services that embed compliance, data governance, and sector-specific integrations provide differentiated value and reduce adoption barriers for regulated customers. Modernization as a Service (MaaS) ModelsConsumption-based offerings—such as pay-as-you-go or managed modernization platforms—are gaining appeal. These flexible models reduce upfront investment and risk, enabling customers to modernize incrementally while benefiting from expert-managed support. M&A and Legacy System ConsolidationsAs organizations undergo mergers, acquisitions, or business restructuring, consolidating legacy mainframes becomes essential. Modernization services that simplify platform consolidation and rationalization across diverse environments are ripe for growth. Emergence of Microservices and API MonetizationTransforming monolithic mainframe workloads into modular microservices enables enterprises to create new digital offerings and monetization opportunities. Service providers that specialize in modern API frameworks and ecosystem integration can tap into this growing demand. Segmentation Based on Type Enterprise Size Modernization Cloud Migration Data Modernization Based on Enterprise Size Small and Medium Enterprise (SME's) Large Enterprise Based on End User IT and Telecom BFSI Retail & Healthcare Government Others Based on region North America Europe Asia Pacific Latin America Middle East & Africa Preview the report with a detailed sample and understand how it can benefit your business strategy. Request a free sample today - Regional Analysis – Mainframe Modernization Services Market North America, especially the United States, dominates the mainframe modernization market. Enterprises in banking, insurance, and telecom are prioritizing modernization to drive digital transformation and reduce legacy operational costs. Strong presence of major IT service providers and early adoption of cloud and AI-driven tools bolster regional growth. Additionally, favorable regulatory frameworks and large-scale corporate investments support robust spending in modernization services. Europe shows steady growth driven by government, healthcare, and financial institutions focused on data security and compliance. The European Union's evolving data privacy regulations (e.g., GDPR) compel organizations to modernize legacy systems to meet stringent standards. Hybrid cloud adoption is accelerating as businesses embrace modernization to support cross-border business use cases and achieve system consolidation. LATAM and MEA regions are gradually embracing modernization, with modern cloud and digital initiatives predominantly led by government and financial sectors. Public sector transformation initiatives and infrastructure upgrades in countries like Brazil, the UAE, and South Africa are creating fresh modernization opportunities. However, progress remains somewhat constrained by economic volatility, limited technical expertise, and budgetary limits. Credence Research's Competitive Landscape Analysis – Mainframe Modernization Services Market According to Credence Research, the competitive landscape of the Mainframe Modernization Services Market is characterized by a blend of global IT integrators, cloud hyperscalers, and niche modernization vendors. Leading players such as IBM, Accenture, Cognizant, and DXC Technology dominate the market with comprehensive service portfolios covering consulting, cloud migration, and platform modernization. Major cloud providers like Microsoft Azure and AWS are instrumental in enabling hybrid and cloud-native transformations. Indian IT giants including TCS, Infosys, and Wipro continue to expand their modernization offerings globally, leveraging domain-specific accelerators and cost-efficient delivery models. Meanwhile, specialized vendors like Rocket Software, Unisys, and TmaxSoft offer tailored solutions focused on rehosting, refactoring, and legacy integration with modern technologies such as AI and containerization. Regional players in Europe and Asia-Pacific are also strengthening their presence, supported by growing enterprise demand for industry-specific modernization and regulatory compliance. The market remains highly competitive and innovation-driven, with strategic partnerships and acquisitions playing a vital role in service differentiation and capability enhancement. Tailor the report to align with your specific business needs and gain targeted insights. Request Key Player Analysis TATA Consultancy Services Software AG Oracle Corporation Mphasis Ltd. Innova Solutions IBM Corporation Fujitsu Limited DXC Technology Dell EMC Cognizant Capgemini SE Atos Syntel Inc Accenture plc Recent Industry Developments April 2025 – AWS released version 4.8.0 of AWS Blu Age Runtime and Transformation Engines, featuring enhanced database transformation capabilities and performance improvements tailored for mainframe modernization projects. March 2025 – Astadia was recognized as a Leader in the ISG Provider Lens Mainframes – Services and Solutions 2025 report for its innovative use of GenAI agents to accelerate mainframe migration and modernization. January 2025 – BMC announced major enhancements to its BMC AMI suite, integrating hybrid AI functionalities that combine machine learning and generative AI to improve root cause analysis and operational efficiency. November 2024 – Cognizant and IBM partnered to launch the FinOps Center for Cloud Innovation, focused on transforming legacy applications through tools like Watsonx Code Assistant for Z, enabling hybrid cloud adoption and driving cloud cost optimization, ethical AI deployment, and multi-cloud efficiency. March 2024 – Accenture Federal Services collaborated with Microsoft to launch an end-to-end Cloud Modernization and Migration Factory on Microsoft Azure Government, designed for secure modernization across U.S. federal agencies, including those operating in the national security domain. March 2024 – Fujitsu partnered with AWS to support modernization of legacy mission-critical applications running on mainframes and UNIX servers, offering comprehensive assessment, migration, and modernization services for industries such as finance, retail, and automotive. March 2024 – Accenture Federal Services secured the U.S. Army's Enterprise Application Modernization and Migration (EAMM) contract, with a potential value of USD 127 million, to deliver large-scale cloud assessments, migrations, and application modernizations. Reasons to Purchase this Report: Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion). Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region. Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years. Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning. Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions. Benefit from Porter's Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics. Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years. Browse the report and understand how it can benefit your business strategy - Discover additional reports tailored to your industry needs Internet Security Market - Operator Training Simulation Market - Artificial Intelligence Voice Cloning Market - AI In Computer Vision Market - Air Purification Systems Market - Mainframe Market - Follow Us: About Us: Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 2000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives. Contact Us Mitul DeanTower C-1105 , S 25, Akash Tower,Vishal Nahar, Pimple Nilakh, Haveli,Pune – 411027, Indiasales@ Logo - View original content to download multimedia: SOURCE Credence Research Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
