Legacy software modernization refers to the process of updating or replacing outdated software systems to meet current business needs and technological advancements. According to a report by Gartner, organizations that fail to modernize their legacy systems risk losing 20% of their market share to more agile competitors within the next five years. Additionally, Forrester estimates that companies can save up to 30% in operational costs by modernizing their legacy applications.

Legacy applications, while once vital to operations, can become cumbersome, costly to maintain, and a barrier to innovation. Modernizing these systems is essential for organizations looking to enhance efficiency, improve customer experiences, and stay competitive. However, the path to modernization is fraught with challenges. This article explores four common barriers to legacy software modernization and four effective strategies to overcome these challenges, showcasing how low-code platforms like OutSystems can facilitate this transformation.