Accordingto market research report " ApplicationTransformation Market by Service (CloudApplication Migration, Application Replatforming, Application Integration),Organization Size, Vertical (Retail, IT & Telecom, Government, Healthcare,Manufacturing), and Region - Global Forecast to 2024", The global application transformation market size to growfrom USD 9.7 billion in 2019 to USD 16.8 billion by 2024,at a Compound Annual Growth Rate (CAGR) of 11.6% during 2019–2024.
Theemergence of cloud and big data technologies has taken the transformationprocess to a new and advanced level. The enterprises are striving to achieve acompetitive advantage, which can be achieved with the applicationtransformation process in place. The constant need to be updated with newtechnologies and enhance the Return on Investment (RoI) requires a scientificapproach and agile methodology to mitigate the key risks and challengesinvolved in the existing legacy applications. These factors are expected todrive the global application transformation market.
Browse andin-depth TOC on “ApplicationTransformation Market”
44- Tables
28- Figures
114- Pages
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=685357
Application integrationservice to account for the highest market share during the forecast period
Application integrationis the process of integrating one or more application program’s data orprocesses with that of other application programs. The existing legacyapplications can be integrated into new applications, which leverage theinternet, eCommerce, extranet, and other new technologies. Applicationintegration assists in the maintenance and presentation of the data in variousapplication systems, which are synchronized. It can connect to backendapplication systems to retrieve and insert data. Application integration isnecessary for organizations to optimize their IT landscapes, gain businessagility, and easily access data from devices and social channels.
Large enterprises toaccount for a higher market share during the forecast period
Large enterprises are definedas business entities employing over 1,000 employees. The adoption ofapplication transformation in large enterprises is high, and the trend isexpected to continue during the forecast period. The large enterprises are keento invest in new and latest technologies to run their business effectively.These enterprises are modernizing their legacy applications to reduce theirCapital expenditure (CapEx) and Operating expense (OpEx). The enterprises havededicated in-house Information Technology (IT) resources with large IT budgets,therefore, can consider deploying a variety of application modernizationstrategies.
Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=685357
North America to accountfor the highest market share during the forecast period
The US accounts for thehighest market share in the application transformation market. The US andCanada are also the leading countries in retail, financial services, banking,and other industries, such as transportation and manufacturing. The US isexpected to have the highest market share among all the countries in theapplication transformation market during the forecast period. It is atechnologically advanced country with strong regulations for various verticals.
Major vendors in theglobal application transformation market include Atos (France), Tech Mahindra(India), Fujitsu (Japan), HCL (India), Cognizant (US), Pivotal Software (US),Accenture (Ireland), IBM (US), TCS (India), Asysco (Netherlands), Unisys (US),Hexaware (India), Oracle (US), Micro Focus (UK), Bell Integrator (US), andMacrosoft (US).
About MarketsandMarkets™
MarketsandMarkets™provides quantified B2B research on 30,000 high growth nicheopportunities/threats which will impact 70% to 80% of worldwide companies’revenues. Currently servicing 7500 customers worldwide including 80% of globalFortune 1000 companies as clients. Almost 75,000 top officers across eightindustries worldwide approach MarketsandMarkets™ for their painpoints aroundrevenues decisions.
Our 850 fulltime analystand SMEs at MarketsandMarkets™ are tracking global high growth marketsfollowing the "Growth Engagement Model – GEM". The GEM aims atproactive collaboration with the clients to identify new opportunities,identify most important customers, write "Attack, avoid and defend"strategies, identify sources of incremental revenues for both the company andits competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants(Positioning top players across leaders, emerging companies, innovators,strategic players) annually in high growth emerging segments.MarketsandMarkets™ is determined to benefit more than 10,000 companies thisyear for their revenue planning and help them take theirinnovations/disruptions early to the market by providing them research ahead ofthe curve.
MarketsandMarkets’sflagship competitive intelligence and market research platform,"Knowledgestore" connects over 200,000 markets and entire valuechains for deeper understanding of the unmet insights along with market sizingand forecasts of niche markets.
Contact:
Mr. AashishMehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/application-transformation.asp
