Global Application Transformation Market by Type (Cloud Application Migration, Application Replatforming, Application Integration), By Application (Retail, IT & Telecom, Government, Healthcare, Manufacturing) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global application transformation market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based applications, rising need for modernization and automation of business processes, and growing trend of digitalization. The market is segmented by type into cloud application migration, application replatforming, and application integration. Cloud application migration is expected to grow at the highest CAGR during the forecast period owing to the increasing demand for cloud-based applications among enterprises. Application replatforming is also expected to grow at a high rate during the forecast period as it helps organizations in improving performance and scalability of their existing applications without any major changes in infrastructure or coding structure.



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Product Definition:

Application Transformation is the process of converting an existing application into a new form, usually to improve its performance, scalability or usability. The importance of Application Transformation can be summarized as follows: 1. Improving Performance - Often times, existing applications are not able to handle the load placed on them and need to be improved in order to meet increasing demands. By transforming the application, its performance can often be significantly improved. 2. Enhancing Scalability - In many cases, applications are not designed for large scale deployments and lack the ability to handle increased loads as they grow in size. By transforming the application, its scalability can often be greatly enhanced. 3. Improving Usability - Sometimes applications are difficult or cumbersome to use and require significant changes in order for users to become productive with them.

Cloud Application Migration:

Cloud application migration is the process of moving an on-premise application to a cloud platform. It helps in improving business continuity and provides cost benefits, increased productivity, and ease of accessibility. The primary goal of any organization adopting cloud technology is to reduce IT costs while increasing operational efficiency. Cloud application migration plays a vital role in achieving these goals as it enables organizations to move their applications from one cloud environment to another with minimal disruption.

Application Replatforming:

Application replatforming is the process of transforming legacy applications to cloud-based solutions. It helps in improving business agility, increasing developer productivity, and delivering a better user experience. The application transformation using Application Replatforming techniques helps in reducing IT costs by moving some or all of the application infrastructure to cloud and allows for rapid delivery with improved quality.

The major drivers for this market are growing demand from end users for real-time data.

Application Insights:

The market is segmented by application into retail, IT & telecom, government, healthcare, manufacturing and others. The retail sector accounted for the largest share in 2017 owing to the increasing adoption of e-commerce and digitalization of stores across the globe. It has been observed that nearly 90% of a typical retailer¢â‚¬â„¢s business processes are now conducted through electronic channels which include order management systems (OSS), inventory management systems (IMS) and customer relationship management (CRM) applications. This has led to an increased need for application migration from traditional on-premise solutions to cloud computing platforms.

Regional Analysis:

The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing investments in digital transformation initiatives by companies and governments. For instance, according to the National Institute of Standards & Technology (NIST), cloud computing has been recognized as an official standard in the country since 2014. This has increased adoption of application transformation solutions across various industry verticals such as government, healthcare, manufacturing, and IT & telecom among others.

The Asia Pacific region accounted for more than 30% share of global revenue in 2017 owing to rapid technological advancements coupled with growing demand for on-demand self-service applications from several industry verticals including BFSI, retail and e-commerce among others are driving the regional market growth over the forecast period.

Growth Factors:

Increased demand for faster and more efficient applications
The need to reduce the cost of application ownership and support
Growing demand for cloud-based applications and services
Proliferation of mobile devices and BYOD policies in the workplace
Emergence of big data analytics and its growing importance in business decision-making


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Scope Of The Report
Report Attributes
Report Details
Report Title
Application Transformation Market Research Report
By Type
Cloud Application Migration, Application Replatforming, Application Integration
By Application
Retail, IT & Telecom, Government, Healthcare, Manufacturing
By Companies
Atos, Tech Mahindra, Fujitsu, HCL, Cognizant, Pivotal Software, Accenture, IBM, TCS, Asysco, Unisys, Hexaware, Oracle, Micro Focus, Bell Integrator, Macrosoft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
151
Number of Tables & Figures
106
Customization Available
Yes, the report can be customized as per your need.

Global Application Transformation Market Report Segments:
The global Application Transformation market is segmented on the basis of:
Types
Cloud Application Migration, Application Replatforming, Application Integration
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Retail, IT & Telecom, Government, Healthcare, Manufacturing
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Atos
Tech Mahindra
Fujitsu
HCL
Cognizant
Pivotal Software
Accenture
IBM
TCS
Asysco
Unisys
Hexaware
Oracle
Micro Focus
Bell Integrator
Macrosoft



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Highlights of The Application Transformation Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud Application Migration
Application Replatforming
Application Integration
By Application:
Retail
IT & Telecom
Government
Healthcare
Manufacturing
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Application Transformation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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