Application Transformation Market Projected to Reach US$ 16.8 Billion by 2024

A Fresh report titled “Application Transformation Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. An exclusive data offered in this report is collected by research and industry experts team.

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The Global Application Transformation Market size to grow from USD 9.7 Billion in 2019 to USD 16.8 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.6% during 2019–2024. This report spread across 114 Pages, Profiling 16 Companies and Supported with 44 Tables and 28 Figures is now available in this research.

Top Companies profiled in the Application Transformation Market:
Atos (France)
Tech Mahindra (India)
Fujitsu (Japan)
HCL (India)
Cognizant (US)
Pivotal Software (US)
Accenture (Ireland)
IBM (US)
TCS (India)
Asysco (Netherlands)
Unisys (US)
Hexaware (India)
Oracle (US)
Micro Focus (UK)
Bell Integrator (US)
Microsoft (US)

SMBs are defined as entities with the number of employees below 1,000. The SMBs segment is the faster-growing segment in the organization size. They generally face 3 critical challenges namely, capital, skills and scalability, and management control. To overcome these issues, SMBs adopt the lift-and-shift migration strategy, which enables their businesses to scale and grow faster.

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APAC has the world’s fastest-growing economies, and technology penetration in the region is high. As per the 2016 Cloud Readiness Index released by the Asia Cloud Computing Association (ACCA), APAC would lead the next wave of global innovation and technology. The region is expected to experience the highest growth during the forecast period. The growth is expected to be driven by factors, such as increased spending on improving the infrastructure and the emergence of advanced and secure cloud-based solutions, tax reformation, smart cities initiatives, and the rise of the digital economy.

Breakdown of primary participants’ profile:
• By Company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
• By Designation: C level Executives: 35%,Director Level: 25%, and Others: 40%
• By Region: North America: 45%, Europe: 20%, APAC: 30%, and Rest of the World: 5%

Study Objectives:
• To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders

• To forecast the market size of the segments with respect to 5 main regions, namely, North America, Europe, APAC, MEA, and Latin America

• To define, describe, and forecast the application transformation market by services, organization size, vertical, and region

• To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth

• To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the application transformation market

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Competitive Landscape of Application Transformation Market:
1 Overview
2 Competitive Leadership Mapping
2.1 Visionary Leaders
2.2 Dynamic Differentiators
2.3 Innovators
2.4 Emerging Companies
3 Ranking of Key Players
4 Competitive Scenario
4.1 New Product Launches and Product Enhancements
4.2 Partnerships, Collaborations, and Agreements
4.3 Mergers and Acquisitions

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This release was published on openPR.