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Market Research Report
Product code
1006051
Application Transformation Market by Service Type, Enterprise Size, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2020-2027 |
Application Transformation Market by Service Type, Enterprise Size, and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2020-2027 |
Published: March 27, 2021
Allied Market Research
Content info: 290 Pages
Delivery time: 2-3 business days
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Application transformation is a term that comprises process of reducing the number of applications in an organization as well as moving applications to the cloud. It ensures that the apps meet updated governance and compliance requirements. The products and services associated with the application transformation are mainly aimed at helping the IT departments to tackle rise in use of social media and mobile computing in the enterprise. It mainly helps business-critical applications to stay aligned and relevant with modern user expectations.
Factors such as emergence of cloud technology and increase in consumption of Big Data; high cost associated with the maintenance of legacy applications; and technological development and advancement in application transformation primarily drives the growth of the global application transformation market. In addition, ongoing trend of legacy modernization fuels the demand for application transformation. However, difficulty in application transformation due to complexities in the legacy systems is expected to hamper the market growth to some extent. On the other hand, rise in adoption of advanced technologies such as 5G, AI, ML, and IoT is expected to provide lucrative opportunities for the market growth during the forecast period. Also, emerging need for digital transformation is anticipated to be opportunistic for the market growth during the forecast period.
The application transformation market is segmented on the basis of service type, enterprise size, industry vertical, and region. On the service type, it is categorized into cloud application migration, application integration, application replatforming, application portfolio assessment, UI/UX modernizations, and others. As per the enterprise size, it is bifurcated into large enterprises and small & medium enterprises. On the basis of industry vertical, it is categorized into BFSI, IT & telecom, government, healthcare, retail, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The company profiles of Application transformation Market players included in this report are Accenture, Atos, Cognizant, Fujitsu, HCL Technologies Ltd., Hexaware, IBM Corporation, Micro Focus International PLC, Microsoft Inc., and TCS.
BY SERVICE TYPE
BY ENTERPRISE SIZE
BY INDUSTRY VERTICAL
BY REGION