According
to market research report " Application
Transformation Market by Service (Cloud
Application 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 grow
from 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.
The
emergence of cloud and big data technologies has taken the transformation
process to a new and advanced level. The enterprises are striving to achieve a
competitive advantage, which can be achieved with the application
transformation process in place. The constant need to be updated with new
technologies and enhance the Return on Investment (RoI) requires a scientific
approach and agile methodology to mitigate the key risks and challenges
involved in the existing legacy applications. These factors are expected to
drive the global application transformation market.
Browse and
in-depth TOC on “Application
Transformation Market”
44
- Tables
28
- Figures
114
- Pages
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=685357
Application integration
service to account for the highest market share during the forecast period
Application integration
is the process of integrating one or more application program’s data or
processes with that of other application programs. The existing legacy
applications can be integrated into new applications, which leverage the
internet, eCommerce, extranet, and other new technologies. Application
integration assists in the maintenance and presentation of the data in various
application systems, which are synchronized. It can connect to backend
application systems to retrieve and insert data. Application integration is
necessary for organizations to optimize their IT landscapes, gain business
agility, and easily access data from devices and social channels.
Large enterprises to
account for a higher market share during the forecast period
Large enterprises are defined
as business entities employing over 1,000 employees. The adoption of
application transformation in large enterprises is high, and the trend is
expected to continue during the forecast period. The large enterprises are keen
to invest in new and latest technologies to run their business effectively.
These enterprises are modernizing their legacy applications to reduce their
Capital expenditure (CapEx) and Operating expense (OpEx). The enterprises have
dedicated in-house Information Technology (IT) resources with large IT budgets,
therefore, can consider deploying a variety of application modernization
strategies.
Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=685357
North America to account
for the highest market share during the forecast period
The US accounts for the
highest market share in the application transformation market. The US and
Canada are also the leading countries in retail, financial services, banking,
and other industries, such as transportation and manufacturing. The US is
expected to have the highest market share among all the countries in the
application transformation market during the forecast period. It is a
technologically advanced country with strong regulations for various verticals.
Major vendors in the
global 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), and
Macrosoft (US).
About MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our 850 fulltime analyst
and SMEs at MarketsandMarkets™ are tracking global high growth markets
following the "Growth Engagement Model – GEM". The GEM aims at
proactive 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 and
its 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 this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets and entire value
chains for deeper understanding of the unmet insights along with market sizing
and forecasts of niche markets.
Contact:
Mr. Aashish
Mehra
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
No comments:
Post a Comment