Modulation classification is an essential step of signal processing and has been regularly applied in the field of tele-communication. Since variations of frequency with respect to time remains a vital distinction among radio signals having different modulation formats, these variations can be used for feature extraction by converting 1-D radio signals into frequency domain. In this paper, we propose a scheme for Automatic Modulation Classification (AMC) using modern architectures of Convolutional Neural Networks (CNN), through generating spectrum images of eleven different modulation types. Additionally, we perform resolution transformation of spectrograms that results up to 99.61% of computational load reduction and 8x faster conversion from the received I/Q data. This proposed AMC is implemented on CPU and GPU, to recognize digital as well as analogue signal modulation schemes on signals. The performance is evaluated on existing CNN models including SqueezeNet, Resnet-50, InceptionResnet-V2, Inception-V3, VGG-16 and Densenet-201. Best results of 91.2% are achieved in presence of AWGN and other noise impairments in the signals, stating that the transformed spectrogram-based AMC has good classification accuracy as the spectral features are highly discriminant, and CNN based models have capability to extract these high-dimensional features. The spectrograms were created under different SNRs ranging from 5 to 30db with a step size of 5db to observe the experimental results at various SNR levels. The proposed methodology is efficient to be applied in wireless communication networks for real-time applications.