Press release
Application Transformation Market Segmentation, Forecast, Market Analysis, Global Industry Size and Share to 2025
Application Transformation Market
Browse the full report description Application Transformation Market Size, Share & Trends Analysis Report, By Service (Application Integration, Cloud Application Migration, Application Re-platforming, Application Portfolio Assessment, and Others), By Verticals (BFSI, IT & Telecom, Retail, Government, Healthcare, and Others) and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/application-transformation-market
The application transformation services are being used in small & medium enterprises and large enterprises. According to the data provided by the Organization for Economic Co-operation and Development (OECD), 30 to 60% of small-medium businesses in OECD countries adopt innovate ideas in their ecosystem to grow faster. Small-medium businesses are re-engineering their existing business processes to meet the market demand instead of having less research and development budgets.
The application transformation market in North America is anticipated growing especially in countries such as the US and Canada due to the presence of well-developed ICT infrastructure. Countries across the region are early adopters of technologies in various verticals including healthcare, retail, BFSI, and other industries such as transportation and manufacturing. The application transformation industry is rapidly expanding in the Asia-Pacific and witnessing significant growth. Based on Cloud Readiness Index (CRI) released by the Asia Cloud Computing Association (ACCA) in 2018, Hong Kong and Singapore have recognized on a global level and performed better than many large economies including UK and Germany.
The major players that contribute to the growth of the market include IBM Corp., Oracle Corp., SAP SE, Asysco B.V., Bell Integrato Inc., Accenture PLC, Cognizant, and others. These market players are contributing to the market by adopting various market approaches including product launch and approvals, merger and acquisition, partnerships and collaborations, and others for gaining a strong position in the market. For Instance, in May 2019, IBM Corp. launched new services in order to advance enterprise transformations with SAP S/4HANA which will provide a smarter and faster way to digital transformations.
Application Transformation Market- Segmentation
By Service
• Application Integration
• Cloud Application Migration
• Application Re-platforming
• Application Portfolio Assessment
• Others
By Verticals
• BFSI
• Retail
• It & Telecom
• Healthcare
• Government
• Others
Application Transformation Market- Segmentation by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-040
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +1 646-755-7667, +91 780-304-0404
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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