Application Transformation Market Is Likely To Be Valued At US$...

Application Transformation Market Is Likely To Be Valued At US$ 34.9 Billion By 2032

Posted 2024-05-07 11:33:18

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The Application Transformation Industry sales study offers a comprehensive analysis on diverse features including production capacities, Application Transformation demand, product developments, sales revenue generation and Application Transformation market outlook across the globe.

market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Application Transformation market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments

The global application transformation market was valued at US$ 12.1 Billion in 2021 and is projected to register a Y-o-Y increase of 11.6% in 2022 to be valued at US$ 13.5 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 10% value CAGR, likely to reach US$ 34.9 Billion by the end of the said forecast period.

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The readability score of the Application Transformation market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.

The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.

This Application Transformation market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Application Transformation along with key stakeholders as well as emerging players associated with the manufacturing of product.

The Key trends Analysis of Extended Application Transformation market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.

Key Companies Profiled

· Atos

· Tech Mahindra

· Fujitsu Limited

· HCL Technologies

· Cognizant

· Unisys Corporation

· Accenture Plc.

· IBM Corporation

· Tata Consultancy Services (TCS)

· Asysco Software B.V

Competitive Analysis:

The global market for application transformation is characterized by the presence of multiple vendors, aiming to offer extensive consulting and integration services to clients. Additionally, enterprises are seeking out specialized service providers, offering solutions tailor-made to suit their business objectives. In addition, the vendors are likely to leverage upgradation and product differentiation to gain an edge over other competitors in the market.

· In April 2022, Fujitsu Limited introduced its Fujitsu Computing as a Service (CaaS) portfolio. This service will accelerate digital transformation and empower customers globally by offering access to some of the world’s most advanced computing technologies via the cloud for commercial use. This encompasses Fujitsu’s Digital Annealer quantum technology and software applications to solve AI and ML issues

· In December 2021, Cognizant acquired Devbridge, a privately owned software consultancy and product development company in Chicago. The acquisition expanded Cognizant’s software product engineering capabilities and global delivery footprint by adding over 600 engineers, designers and product managers across multiple countries

· Atos has announced recently in April 2022 that it intends to forge a 5-year contractual agreement to deliver managed services for digital operations, applications and cybersecurity for Independent Health (IH). Atos’ operational solutions will leverage infrastructure and digital platforms to optimize operating costs and generate efficiencies across the business landscape.

Key Segments Covered in the Application Transformation Industry Report

· By Organization Size :

o Application Transformation for SMEs

o Application Transformation for Large Enterprises

· by Vertical :

o Retail

o BFSI

o Healthcare

o IT & Telecom

o Government

o Manufacturing

o Other Verticals