Application Transformation Market Share, Demand, Outlook and Latest Insights During 2024-2028

Written by vishal singh  »  Updated on: July 07th, 2024

Application Transformation Market Share, Demand, Outlook and Latest Insights During 2024-2028

IMARC Group, a leading market research company, has recently releases report titled “Application Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2028.” The study provides a detailed analysis of the industry, including the global application transformation market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the application transformation market?

The global application transformation market size reached US$ 14.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.0 Billion by 2028, exhibiting a growth rate (CAGR) of 13.1% during 2024-2028.

What are application transformation?

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.

What are the growth prospects and trends in the application transformation industry?

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.

Who are the key players operating in the industry?

The report covers the major market players including: 

Accenture plc

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.

What is included in market segmentation?

The report has segmented the market into the following categories:

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)

Request for a PDF Sample of this Report: https://www.imarcgroup.com/application-transformation-market/requestsample

Key Highlights of the Report:                                                           

Market Performance (2017-2022)

Market Outlook (2024-2028)

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.

Table Of Content:

1   Preface

2   Scope and Methodology

    2.1    Objectives of the Study

    2.2    Stakeholders

    2.3    Data Sources

        2.3.1    Primary Sources

        2.3.2    Secondary Sources

    2.4    Market Estimation

        2.4.1    Bottom-Up Approach

        2.4.2    Top-Down Approach

    2.5    Forecasting Methodology

3   Executive Summary

4   Introduction

    4.1    Overview

    4.2    Key Industry Trends

5   Global Application Transformation Market

    5.1    Market Overview

    5.2    Market Performance

    5.3    Impact of COVID-19

    5.4    Market Forecast

6   Market Breakup by Service Type

    6.1    Cloud Application Migration

        6.1.1 Market Trends

        6.1.2 Market Forecast

    6.2    Application Integration

        6.2.1 Market Trends

        6.2.2 Market Forecast

    6.3    Application Replatforming

        6.3.1 Market Trends

        6.3.2 Market Forecast

    6.4    Application Portfolio Assessment

        6.4.1 Market Trends

        6.4.2 Market Forecast

    6.5    UI/UX Modernizations

        6.5.1 Market Trends

        6.5.2 Market Forecast

    6.6    Others

        6.6.1 Market Trends

        6.6.2 Market Forecast

7   Market Breakup by Enterprise Size

    7.1    Large Enterprises

        7.1.1 Market Trends

        7.1.2 Market Forecast

    7.2    Small and Medium-sized Enterprises

        7.2.1 Market Trends

        7.2.2 Market Forecast

8   Market Breakup by End Use Industry

    8.1    BFSI

        8.1.1 Market Trends

        8.1.2 Market Forecast

    8.2    IT and Telecom

        8.2.1 Market Trends

        8.2.2 Market Forecast

    8.3    Government

        8.3.1 Market Trends

        8.3.2 Market Forecast

    8.4    Healthcare

        8.4.1 Market Trends

        8.4.2 Market Forecast

    8.5    Retail

        8.5.1 Market Trends

        8.5.2 Market Forecast

    8.6    Manufacturing

        8.6.1 Market Trends

        8.6.2 Market Forecast

    8.7    Others

        8.7.1 Market Trends

        8.7.2 Market Forecast

9   Market Breakup by Region

    9.1    North America

        9.1.1 United States

           9.1.1.1 Market Trends

           9.1.1.2 Market Forecast

        9.1.2 Canada

           9.1.2.1 Market Trends

           9.1.2.2 Market Forecast

    9.2    Asia-Pacific

        9.2.1 China

           9.2.1.1 Market Trends

           9.2.1.2 Market Forecast

        9.2.2 Japan

           9.2.2.1 Market Trends

           9.2.2.2 Market Forecast

        9.2.3 India

           9.2.3.1 Market Trends

           9.2.3.2 Market Forecast

        9.2.4 South Korea

           9.2.4.1 Market Trends

           9.2.4.2 Market Forecast

        9.2.5 Australia

           9.2.5.1 Market Trends

           9.2.5.2 Market Forecast

        9.2.6 Indonesia

           9.2.6.1 Market Trends

           9.2.6.2 Market Forecast

        9.2.7 Others

           9.2.7.1 Market Trends

           9.2.7.2 Market Forecast

    9.3    Europe

        9.3.1 Germany

           9.3.1.1 Market Trends

           9.3.1.2 Market Forecast

        9.3.2 France

           9.3.2.1 Market Trends

           9.3.2.2 Market Forecast

        9.3.3 United Kingdom

           9.3.3.1 Market Trends

           9.3.3.2 Market Forecast

        9.3.4 Italy

           9.3.4.1 Market Trends

           9.3.4.2 Market Forecast

        9.3.5 Spain

           9.3.5.1 Market Trends

           9.3.5.2 Market Forecast

        9.3.6 Russia

           9.3.6.1 Market Trends

           9.3.6.2 Market Forecast

        9.3.7 Others

           9.3.7.1 Market Trends

           9.3.7.2 Market Forecast

    9.4    Latin America

        9.4.1 Brazil

           9.4.1.1 Market Trends

           9.4.1.2 Market Forecast

        9.4.2 Mexico

           9.4.2.1 Market Trends

           9.4.2.2 Market Forecast

        9.4.3 Others

           9.4.3.1 Market Trends

           9.4.3.2 Market Forecast

    9.5    Middle East and Africa

        9.5.1 Market Trends

        9.5.2 Market Breakup by Country

        9.5.3 Market Forecast

10  SWOT Analysis

    10.1    Overview

    10.2    Strengths

    10.3    Weaknesses

    10.4    Opportunities

    10.5    Threats

11  Value Chain Analysis

12  Porters Five Forces Analysis

    12.1    Overview

    12.2    Bargaining Power of Buyers

    12.3    Bargaining Power of Suppliers

    12.4    Degree of Competition

    12.5    Threat of New Entrants

    12.6    Threat of Substitutes

13  Price Analysis

14  Competitive Landscape

    14.1    Market Structure

    14.2    Key Players

    14.3    Profiles of Key Players

        14.3.1    Accenture plc

           14.3.1.1 Company Overview

           14.3.1.2 Product Portfolio

           14.3.1.3 Financials

           14.3.1.4 SWOT Analysis

        14.3.2    Atos SE

           14.3.2.1 Company Overview

           14.3.2.2 Product Portfolio

           14.3.2.3 Financials

           14.3.2.4 SWOT Analysis

        14.3.3    Capgemini SE

           14.3.3.1 Company Overview

           14.3.3.2 Product Portfolio

           14.3.3.3 Financials

           14.3.3.4 SWOT Analysis

        14.3.4    Cognizant

           14.3.4.1 Company Overview

           14.3.4.2 Product Portfolio

           14.3.4.3 Financials

           14.3.4.4 SWOT Analysis

        14.3.5    Fujitsu Limited

           14.3.5.1 Company Overview

           14.3.5.2 Product Portfolio

           14.3.5.3 Financials

           14.3.5.4 SWOT Analysis

        14.3.6    HCL Technologies Limited (HCL Enterprise)

           14.3.6.1 Company Overview

           14.3.6.2 Product Portfolio

           14.3.6.3 Financials

           14.3.6.4 SWOT Analysis

        14.3.7    Infosys Limited

           14.3.7.1 Company Overview

           14.3.7.2 Product Portfolio

           14.3.7.3 Financials

           14.3.7.4 SWOT Analysis

        14.3.8    International Business Machines Corporation

           14.3.8.1 Company Overview

           14.3.8.2 Product Portfolio

           14.3.8.3 Financials

           14.3.8.4 SWOT Analysis

        14.3.9    Micro Focus International plc

           14.3.9.1 Company Overview

           14.3.9.2 Product Portfolio

           14.3.9.3 Financials

        14.3.10    Microsoft Corporation

           14.3.10.1 Company Overview

           14.3.10.2 Product Portfolio

           14.3.10.3 Financials

           14.3.10.4 SWOT Analysis

        14.3.11    Oracle Corporation

           14.3.11.1 Company Overview

           14.3.11.2 Product Portfolio

           14.3.11.3 Financials

           14.3.11.4 SWOT Analysis

        14.3.12    Tata Consultancy Services Limited

           14.3.12.1 Company Overview

           14.3.12.2 Product Portfolio

           14.3.12.3 Financials

           14.3.12.4 SWOT Analysis

        14.3.13    Unisys Corporation

           14.3.13.1 Company Overview

           14.3.13.2 Product Portfolio

           14.3.13.3 Financials

           14.3.13.4 SWOT Analysis

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 Group employs a robust research methodology which involves data triangulation using an amalgamation of bottom-up and top-down approaches and validation of the final market numbers through expert interviews. We use our extensive database of macroeconomic and sector-specific data to generate the industry forecast. Growth rates exhibited by the market are calculated based on numerous factors and their level of impact on the market.

These factors include market drivers, challenges, technological developments, government regulations, macro-economic scenario, etc. Information is gathered from our internal databases, as well as from key stakeholders in the industry. This enables us to take into account unprecedented events that otherwise cannot be normally captured. The initial baseline forecasts are generated with the most recent market data. After an initial baseline forecast, all future events and assumptions are based on extensive primary and secondary research

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