Devsu Named in Gartner Guide for AI Code Modernization
What happened
Global software engineering firm Devsu has been recognized as a Representative Vendor in the 2026 Gartner Market Guide for AI-Augmented Code Modernization Tools. The inclusion highlights the company's Velx platform in the growing market for AI-powered software solutions.
Why it matters
- The market for AI-powered application modernization was valued at USD 5.67 billion in 2024 and is projected to grow to USD 33.38 billion by 2032. Gartner predicts that by 2029, 90% of all software modernization projects will utilize AI-augmented tools, a significant increase from less than 20% today. - Devsu's Velx is not a publicly available tool but an internal, proprietary AI engine used by its engineering teams to accelerate client projects. It is composed of specialized agents: Velx Explorer for system analysis, Velx Architect for designing target architecture, and Velx Coder for code transformation. - In case studies, the Velx platform has been shown to reduce the initial system discovery and assessment phase from 3-6 months to under 3 weeks and cut implementation time by up to 75%. - Founded in 2010 by Cesar Salazar and Felipe Cornejo, Devsu is an unfunded company that has grown to an estimated annual revenue of $37.3 million. - A Gartner Market Guide is designed to analyze emerging markets with offerings that are still in flux, outlining representative vendors rather than competitively ranking them as in a Magic Quadrant. - Gartner's guidance highlights a market shift from "AI-assisted" copilots toward more "agentic AI"—autonomous agents that can execute end-to-end tasks with less human intervention. - While projecting that generative AI will reduce modernization labor costs by 33% by 2029, Gartner also warns that human oversight remains essential to manage risks like AI model "hallucinations" and subtle, context-deficient code defects.
Key numbers
- Global software engineering firm Devsu has been recognized as a Representative Vendor in the 2026 Gartner Market Guide for AI-Augmented Code Modernization Tools.
- - The market for AI-powered application modernization was valued at USD 5.67 billion in 2024 and is projected to grow to USD 33.38 billion by 2032.
- Gartner predicts that by 2029, 90% of all software modernization projects will utilize AI-augmented tools, a significant increase from less than 20% today.
- In case studies, the Velx platform has been shown to reduce the initial system discovery and assessment phase from 3-6 months to under 3 weeks and cut implementation time by up to 75%.
What happens next
- Gartner predicts that by 2029, 90% of all software modernization projects will utilize AI-augmented tools, a significant increase from less than 20% today.
- It is composed of specialized agents: Velx Explorer for system analysis, Velx Architect for designing target architecture, and Velx Coder for code transformation.
- While projecting that generative AI will reduce modernization labor costs by 33% by 2029, Gartner also warns that human oversight remains essential to manage risks like AI model "hallucinations" and subtle, context-deficient code defects.
Quick answers
What happened in Devsu Named in Gartner Guide for AI Code Modernization?
Global software engineering firm Devsu has been recognized as a Representative Vendor in the 2026 Gartner Market Guide for AI-Augmented Code Modernization Tools. The inclusion highlights the company's Velx platform in the growing market for AI-powered software solutions.
Why does Devsu Named in Gartner Guide for AI Code Modernization matter?
The market for AI-powered application modernization was valued at USD 5.67 billion in 2024 and is projected to grow to USD 33.38 billion by 2032. Gartner predicts that by 2029, 90% of all software modernization projects will utilize AI-augmented tools, a significant increase from less than 20% today. Devsu's Velx is not a publicly available tool but an internal, proprietary AI engine used by its engineering teams to accelerate client projects. It is composed of specialized agents: Velx Explorer for system analysis, Velx Architect for designing target architecture, and Velx Coder for code transformation. In case studies, the Velx platform has been shown to reduce the initial system discovery and assessment phase from 3-6 months to under 3 weeks and cut implementation time by up to 75%. Founded in 2010 by Cesar Salazar and Felipe Cornejo, Devsu is an unfunded company that has grown to an estimated annual revenue of $37.3 million. A Gartner Market Guide is designed to analyze emerging markets with offerings that are still in flux, outlining representative vendors rather than competitively ranking them as in a Magic Quadrant. Gartner's guidance highlights a market shift from "AI-assisted" copilots toward more "agentic AI"—autonomous agents that can execute end-to-end tasks with less human intervention. While projecting that generative AI will reduce modernization labor costs by 33% by 2029, Gartner also warns that human oversight remains essential to manage risks like AI model "hallucinations" and subtle, context-deficient code defects.
