Press release
Application Transformation Market Size, Share, Overview, Trends, Opportunities, and Forecast by 2022-2027
According to the latest report by IMARC Group, titled "Application Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global application transformation market reached a value of US$ 12.65 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.71 Billion by 2027, exhibiting at a CAGR of 13.47% during 2022-2027.Application Transformation Market Overview:
Application transformation solution modernizes existing business-critical applications to meet the requirements of different organizations. It helps improve the overall operational reliability, automate delivery, and reduce infrastructure maintenance costs of businesses. It is also used for optimizing the applications to comply with government and compliance requirements. As a result, it finds application in banking, financial services and insurance (BFSI), manufacturing, healthcare, retail, information technology (IT) and telecommunication industries.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Application Transformation Market Trends:
The widespread implementation of cloud computing and big data technologies in small and medium and large-sized organizations represents one of the key factors propelling market growth. Moreover, organizations worldwide are using application transformation solutions for functioning in agile environments and mitigating the risks and problems associated with the existing systems. This, along with rapid advancements in brick-and-mortar retail stores, is positively influencing the market. Furthermore, major market players are integrating connected devices with the Internet of Things (IoT), 5G and edge computing solutions, which is projected to strengthen the market growth.
Competitive Landscape:
Atos SE
Capgemini SE
Cognizant
Fujitsu Limited
HCL Technologies Limited (HCL Enterprise)
Infosys Limited
International Business Machines Corporation
Micro Focus International plc
Microsoft Corporation
Oracle Corporation
Tata Consultancy Services Limited
Unisys Corporation.
Key Market Segmentation:
Breakup by Service Type:
Cloud Application Migration
Application Integration
Application Replatforming
Application Portfolio Assessment
UI/UX Modernizations
Others
Breakup by Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
Breakup by End Use Industry:
BFSI
IT and Telecom
Government
Healthcare
Retail
Manufacturing
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
Explore full report with TOC & List of Figures: https://www.imarcgroup.com/application-transformation-market
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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