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Enterprise Agile Transformation Services Market Growth Demand And Forecast 2033
Enterprise Agile Transformation Services Market Growth
According to The Business Research Company's, The enterprise agile transformation services market size has grown rapidly in recent years. It will grow from $34.65 billion in 2023 to $41.2 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to business expansion, data center modernization, e-commerce growth, big data analytics, security concerns.
The enterprise agile transformation services market size is expected to see rapid growth in the next few years. It will grow to $81.48 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to edge computing expansion, artificial intelligence (AI) integration, 5g network rollout, remote work infrastructure, sustainable computing. Major trends in the forecast period include cybersecurity measures, hybrid cloud optimization, virtualization technology, focus on energy efficiency and sustainability, adoption of composable infrastructure.
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Market Drivers and Trends:
The increasing adoption of the Internet of Things (IoT) is expected to propel the growth of the enterprise agile transformation services market going forward. The Internet of Things (IoT) is a network of physical devices embedded with sensors, software, and other technologies that allow them to connect and exchange data with other devices and systems over the Internet. The Internet of Things (IoT) is used in enterprise agile transformation services to optimize production processes, improve quality control, and predict maintenance needs. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, cellular IoT connections reached 3 billion by the end of 2023, with broadband IoT (4G/5G) accounting for over 1.6 billion of those connections. Additionally, North East Asia is expected to lead with over 2 billion cellular IoT connections. Therefore, the increasing adoption of the Internet of Things (IoT) is driving the growth of the enterprise agile transformation services market.
Major companies operating in the enterprise agile transportation services market are developing advanced technologies, such as enterprise agile transformation solutions, to meet larger customer bases, increase sales, and increase revenue. Enterprise agile transformation solutions are a comprehensive set of tools, methodologies, and services designed to help organizations adopt agile principles and practices across all levels of their business. For instance, in August 2023, Apptio, a US-based software company, launched Targetprocess Solutions to accelerate agile transformations and shift from project- to product-based approaches. The distinctive feature of Targetprocess Solutions lies in its incorporation of templates facilitating seamless transitions from project-based to product-based funding models and the integration of SAFe 6.0 Agile standards. With harnessing Apptio Targetprocess' renowned budgeting and financial management capabilities, this latest release empowers organizations to accelerate SAFe adoption tailored to their specific environments, ensuring swift time-to-value realization.
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Major Key Players of the Market:
Accentur*e Plc, International Business Machines Corporation, Broadcom Incorporated, Capgemini SE, Cognizant, Insight Enterprise Inc., TEKsystems Inc., Bain & Company Inc., Atlassian Corporation, Xebia Group, Hexaware Technologies Limited, Endava PLC, Scaled Agile Inc., Eliassen Group LLC, Infostretch Corporation, Apptio Inc., Scrum Inc., Isos Technology, IC Agile LLC, Agile Business Consortium Limited, Leading Agile LLC, Symphony Solutions, Radixweb, AgileSparks, Lean Agile Institute, Apexon
Enterprise Agile Transformation Services Market 2024 Key Insights:
• The enterprise agile transformation services market is expected to grow to $81.48 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%.
• IoT Surge Fuels Enterprise Agile Transformation Services Market Growth
• Advancements In Enterprise Agile Transportation Services Market
• North America was the largest region in the enterprise agile transformation services market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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