Application Transformation helps in modernizing outdated applications and provides wide variety of applications in various end-user industries.Adoption of digital technology has powered the market growth. Technological innovation and growing concern towards data privacy and security has provided lucrative opportunities in Application Transformation market growth as it provides important security services which boost the demand for target market.

The report “Application Transformation Market, By Type (UI Modernization, Application Integration, Application Portfolio Assessment, and Others), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By End-Users (Retail, Manufacturing, Healthcare, BFSI and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

• In November 2022, Accenture launched new ‘Velocity’, a platform which is jointly funded and co-developed with AWS (Amazon Web Services, Inc.), which help in optimizing outcomes of business up to 50% faster with removal of complexity associated with operating & building enterprise-scale applications in cloud.

Analyst View:

Multiple benefits and use of AI (artificial intelligence) technology to improve way testing & development is expected to create immense growth opportunities for target market. Growing strategic partnerships and collaborations of major companies to expand the business in market is expected to fuel the demand for Application Transformation market growth in future. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Application Transformation Market, By Type (UI Modernization, Application Integration, Application Portfolio Assessment, and Others), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By End-Users (Retail, Manufacturing, Healthcare, BFSI and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Application Transformation Market accounted for US$ 10.8 billion in 2022 and is estimated to be US$ 44.7 billion by 2032 and is anticipated to register a CAGR of 15.3%. The Application Transformation Market is segmented based on Type, Enterprise Size, End-Users and Region.

• Based on Type, Application Transformation Market is segmented into UI Modernization, Application Integration, Application Portfolio Assessment, and Others.
• Based on Enterprise Size, Application Transformation Market is segmented into Small & Medium Enterprises, Large Enterprises.
• Based on End-Users, Application Transformation Market is segmented into Retail, Manufacturing, Healthcare, BFSI and Others.
• By Region, the Application Transformation Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Application Transformation Market:

The prominent players operating in the Application Transformation Market includes, Capgemini SE, Accenture PLC., Cognizant, Infosys Limited., Fujitsu Limited., Bell Integrator, Atos SA, Microsoft Corporation, HCL Technologies Ltd., Oracle Corporation and Others.

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