The application transformation encompasses the assessment of current applications to ensure they meet updated compliance and government requirements. Emerging cloud and big data technologies have led to new and advanced levels of transformation processes. Application transformation helps in tackling the usage of social media and mobile computing in any enterprise while leveraging continuous developments in the technology for embracing new models and opportunities.
MARKET DYNAMICS
The application transformation market is anticipated to grow in the forecast period owing to driving factors such as the need for continually updating new technologies for enhancing the return on investment coupled with the high maintenance cost of existing legacy applications. However, lengthy and time taking planning process is a challenge for this market. Nonetheless, the application transformation market is likely to offer lucrative opportunities on account of digital transformation during the forecast period.
MARKET SCOPE
The "Global Application Transformation Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of application transformation market with detailed market segmentation by service, enterprise size, end-use industry, and geography. The global application transformation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading application transformation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global application transformation market is segmented on the basis of service, enterprise size, and end-use industry. Based on service, the market is segmented as application portfolio assessment, cloud application migration, application replatforming, application integration, UI modernization, and post modernization. On the basis of the enterprise size, the market is segmented as large enterprises and SMEs. The market on the basis of the end-use industry is classified as BFSI, IT and telecommunications, healthcare, retail, manufacturing, government, and others.
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REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global application transformation market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The application transformation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting application transformation market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the application transformation market in these regions.
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MARKET PLAYERSThe reports cover key developments in the application transformation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from application transformation market are anticipated to lucrative growth opportunities in the future with the rising demand for application transformation in the global market. Below mentioned is the list of few companies engaged in the application transformation market.
The report also includes the profiles of key application transformation companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
-Accenture PLC
-Atos SE
-Bell Integrator, Inc.
-Cognizant
-Fujitsu Limited
-HCL Technologies Limited
-IBM Corporation
-Pivotal Software, Inc.
-Tata Consultancy Services Limited
-Tech Mahindra Limited
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