Application Transformation Market Overview
Application Transformation is the procedure of updating outdated applications and to help IT sector to resolve the issues related to social media and mobile computing within enterprises.
Rising penetration of mobile devices and high usage of internet across globe is likely to propel market growth. Growing consumption of big data has become a major factor to foster the demand for market growth. Growing enterprises and transformation of business models to deliver value of business in cost-effective manner is expected to increase the demand for Application Transformation Market growth in coming years.
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Attributes |
Details |
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Application Transformation Market Value (2022) |
US$ 10.8Bn |
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Application Transformation Market Projected Value (2032) |
US$ 44.7Bn |
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Application Transformation Market CAGR (2022 – 2032) |
15.3% |
Application Transformation Market Dynamics
Growing demand from healthcare sector to fuel market growth
Growing demand from healthcare sector in application transformation has become a leading factor in target market growth. Growing prevalence of diseases has given rise in healthcare sector which has further, facilitated the demand for Application Transformation market growth. System applications such as EHR (Electronic Health Records) software is used for collection of patient data. Telemedicine software, patient portals, E-Prescribing Software, Medical Diagnosis Software and others are used in healthcare sector, where AI (artificial intelligence) technology helps in gathering past data via electronic health records for diagnosis and prevention of disease. However, adoption of digital and AI technology with AI-enabled medical devices and blockchain of EHR (Electronic Health Records) is likely to propel the demand for Application Transformation market growth.
Restrains:
However, lack of awareness about application transformation system among individual has restrain the Application Transformation Market growth. Growing issues attributed with long processing & planning time and legacy system has further hampered the demand for Application Transformation Market growth over the forecast period.
Application Transformation Market Segmentation
Application Transformation Market is segmented based on Type, Enterprise Size, End-Users and Region.
Type Insight
On the basis of Type, Application Transformation Market is segmented into UI Modernization, Application Integration, Application Portfolio Assessment, and Others. Application Integration type segment is expected to dominate the target market growth owing to growing need for integration of outdated legacy databases and applications. It also produces access to information which will help the employees to spend less time in searching data.
Enterprise Size Insights
On the basis of Enterprise Size, Application Transformation Market is segmented into Small & Medium Enterprises, Large Enterprises. Large Enterprises segment is expected to dominate the target market growth attributed to rising flexibility, lower operating cost, better collaboration and improved time to market.
End-Users Insights
On the basis of End-Users, Application Transformation Market is segmented into Retail, Manufacturing, Healthcare, BFSI and Others. BFSI end-user segment is expected to dominate the target market growth owing to growing adoption of cloud-based services by banking and other large enterprises for in-house operations.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Application Transformation Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, high disposable income, continuous technological development, high adoption of application transformation platform and presence of major players such as Microsoft Corporation, Oracle Corporation and others is anticipated to increase demand for Application Transformation in the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
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 |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Application Transformation Market report based on Type, Enterprise Size, End-Users and Region.
Application Transformation Market, By Type:
- UI Modernization
- Application Integration
- Application Portfolio Assessment
- Cloud Application Migration
- Application Replatforming
- Others
Application Transformation Market, By Enterprise Size:
- Small & Medium Enterprises
- Large Enterprises
Application Transformation Market, By End-Users:
- Retail
- Manufacturing
- Healthcare
- BFSI
- Government
- IT & Telecom
- Others
Application Transformation Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Application Transformation Market Key Players
The key players operating 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.
Application Transformation Market Company Profile
- Capgemini SE*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Accenture PLC.
- Cognizant
- Infosys Limited
- Fujitsu Limited
- Bell Integrator
- Atos SA
- Microsoft Corporation
- HCL Technologies Ltd.
- Oracle Corporation
“*” marked represents similar segmentation in other categories in the respective section
Recent Development:
- In May 2023, Cognizant launched new ‘Neuro AI’ platform which is designed to offer enterprises with broad approach to adopt generative AI (artificial intelligence) technology applications and to harness its business value in secure, flexible and responsible way.
- In April 2023, Fujitsu launched end to end consumption-based SAP model ‘Fujitsu uSCALE’ for SAP application migration solutions which leverage colocation options to deliver cost-effective, pragmatic application modernization and digital transformation.
Application Transformation Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Enterprise Size
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Application Transformation Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- UI Modernization
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Application Integration
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Application Portfolio Assessment
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Application Transformation Market, By Enterprise Size, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Small & Medium Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Large Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Application Transformation Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Retail
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Manufacturing
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Healthcare
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- BFSI
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Application Transformation Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Capgemini SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Accenture PLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cognizant
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Infosys Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Fujitsu Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bell Integrator
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Atos SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HCL Technologies Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Oracle Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Application Transformation Market is segmented into Type, Enterprise Size, End-Users and Region.
Application Transformation Market is driven by factors like growing demand from healthcare sector.
By region, the Application Transformation Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating 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.
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%.