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.
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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.
Leading Players in the Application Transformation Market: Accenture, Atos SE, Bell Integrator, Cognizant, Fujitsu Limited, HCL Technologies Limited, IBM Corporation, Pivotal Software, Tata Consultancy Services Limited, Tech Mahindra Limited
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.
Competitive landscape:
The Application Transformation Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies to increase their market share. The vendors engaged in the sector are outlined based on their geographic reach, financial performance, strategic moves, and product portfolio. The vendors are gradually widening their strategic moves, along with customer interaction.
Application Transformation Market Segmented by Region/Country: US, Europe, China, Japan, Middle East & Africa, India, Central & South America
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Points Covered in the Report:
- The pivotal aspects considered in the Global Application Transformation Market report consist of leading competitors functioning in the global market.
- The report encompasses company profiles prominently positioned in the global market.
- The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
- The driving factors for the growth of the Global Application Transformation Market are explained exhaustively, along with an in-depth account of the end users in the industry.
- The report also explains critical application areas of the global market to readers/users.
- The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of industry experts and professionals. The experts also evaluate the export/import policies that might propel the growth of the Global Application Transformation Market.
- The report on the Global Application Transformation Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
Reasons for Buying Application Transformation Market Report:
- The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global market.
- It also presents an in-depth view of different factors driving or restraining the growth of the global market.
- The Global Application Transformation Market report provides a five-year forecast derived on the basis of the potential growth of the market.
- It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and subsegments.
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