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Application Transformation Market by Service Type (Cloud Application Migration, Application Integration, Application Replatforming, Application Portfolio Assessment, UI/UX modernizations, and Others), Enterprise Size (Large Enterprises and Small & Medium Enterprises), and Industry Vertical (BFSI, IT and Telecom, Government, Healthcare, Retail, Manufacturing, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

A10593
Pages: 290
Mar 2021 | 206 Views
 
Author(s) : Vikas Gaikwad & Rachita Rake
Tables: 124
Charts: 93
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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Application Transformation Market Insights - 2027

The global application transformation market size was valued at $9,214 million in 2019, and is projected to reach $25,370 million by 2027, registering a CAGR of 13.2% from 2020 to 2027. Application transformation is the process to modernize dated applications to meet modern demands. It ensures that the applications in an organization meet updated governance and compliance requirements. The products and services associated with the application transformation are mainly aimed at helping the IT departments to tackle rise in use of social media and mobile computing in the enterprise. It mainly helps business-critical applications to stay aligned and relevant with modern user expectations

Number of organizations across the globe are moving their operations from traditional IT architecture to cloud-based platforms due to the COVID-19 pandemic. In addition, there is an emerging need for infrastructure to be reconfigured to meet the organization’s needs which has led to the surge in demand for older applications to be modernized to operate in a cloud environment which drives the adoption of application transformation among the end users

.Application Transformation Market Infographics

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On the basis of service type, the application integration segment exhibited the highest growth in the application transformation market in 2019, and is expected to maintain its dominance in the upcoming years, due to rise in demand for integration of dated legacy applications as well as databases with advanced applications. However, the application modernization segment is expected to witness the highest growth, due to factors such as increase in focus among businesses on modernizing and transforming the legacy systems, surge in demand to provide the scalability and agility to business, and growth in demand for modernizing the infrastructure to ensure business continuity.

Application Transformation Market
By Service Type

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Cloud Application Migration is projected as one of the most lucrative segments.

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By enterprise size, the global application transformation market share was dominated by the large enterprises segment in 2019 and is expected to maintain its dominance in the upcoming years. This is attributed to surge in adoption of application transformation by large enterprises due to various benefits such as improved flexibility, lower operating costs, better collaboration, and improved time to market. However, the small and medium eneterprises segment is expected to witness the highest growth, owing to the ongoing trend of digital transformation in SMEs for generating new revenue streams and compete with larger competitors.

Application Transformation Market
By Organization Size

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SME's is projected as one of the most significant segments.

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North America dominates the application transformation market. In this region, the countries such as the U.S. and Canada are actively making significant investments in R&Dactivities, contributing the development of advanced technologies.In addition, presence of several key vendors in the region such as Microsoft Corporation, Oracle Corporation, and IBM Corporation, are actively introducing innovative application transformation solutionsthat fuel the market growth. However, Asia-Pacific is expected to observe highest growth rate during the forecast period, due to the emerging adoption of innovative technologies as well as ongoing digital transformation initiatives in Asian countries, such as Australia, Japan, China, and India to tackle the increased demand for software services. For instance, in August 2018, Alibaba Cloud, the cloud computing division of Alibaba Grouplaunched a digital transformation initiative for the Asia-Pacific region.

The report focuses on the growth prospects, restraints, and application transformation market analysis. The study provides Porter’s five forces analysis of the application transformation industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the application transformation market trends.

Application Transformation Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region is projected as one of the most significant segments.

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Segment review

The application transformation market is segmented on the basis of service type, enterprise size, industry vertical, and region. By service type, it is categorized into cloud application migration, application integration, application replatforming, application portfolio assessment, UI/UX modernizations, and others. By enterprise size, it is bifurcated into large enterprises and small & medium enterprises. On the basis of industry vertical, it is categorized as BFSI, IT & telecom, government, healthcare, retail, manufacturing, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Impact of COVID-19 on Application Transformation Market:

The current estimation of 2027 is projected to be higher than pre-COVID-19 estimates. Increasing number of organizations across the globe are moving their operations from traditional IT architecture to cloud-based platforms Due to the pandemic,. In addition, there is an emerging need for infrastructure to be reconfigured to meet the organization’s needs. This has led to the surge in demand for older applications to be modernized to operate in a cloud environment. This factor primarily drives the growth of the application transformation market.

In addition, the market players have introduced innovative application transformation products during the pandemic to ensure better application transformation services. This factor drives the market growth. For instance, in June 2020, TIBCO Software, is one of the leading providers of application integration services launched by TIBCO Responsive Application Mesh, a blueprint and capabilities for modern application architecture. It guides customers toward architecture modernization.

Top impacting factors

The global application transformation market growth is mainly driven by factors such as emergence of cloud technology and increase in consumption of Big Data; high cost associated with the maintenance of legacy applications; and technological development & advancement in application transformation. In addition, ongoing trend of legacy modernization fuels the demand for application transformation. However, difficulty in application transformation due to complexities in the legacy systems is anticipated to hamper the market growth to some extent. On the other hand, rise in adoption of advanced technologies such as 5G, AI, ML, and IoT are expected to provide lucrative opportunities for the market growth during the forecast period. Also, the emerging need for digital transformation is anticipated to be opportunistic for the market growth during the forecast period.

Technological development & advancement in application transformation

Rise in demand for accelerating business transformation across the industry verticals has driven innovative product developments and launches by key vendors. Such developments offer a smarter and faster way to application transformations in the organization. For instance, in November 2019, Accenture, one of the leading market players launched myNav, a cloud platform to help organizations simulate and design different cloud solutions and identify the ones which is best fit for their business requirements. In addition, the platform recommends the application transformation approach for its clients to accelerate their innovation in the cloud.

In addition, in May 2020, IBM launched a wide range of advanced artificial intelligence (AI)-powered services and capabilities to help chief information officers (CIOs) to automate different aspects of IT development, operations, and infrastructure. This launch includes accelerator for application modernization with AI; and IBM Watson AIOps that leverages AI to reliably operate enterprise applications. Such developments and advancements significantly drive the growth of the global application transformation market.

Ongoing trend of legacy modernization

Legacy Modernization is the process of transforming Legacy Systems in the organization to reduce IT environment costs & complexity, enable collaboration across platforms, increase data consistency, and improve process flexibility. In the organization, traditional application models and systems are not capable enough to meet the modern business expectations owing to limited adaptability to change, poor delivery speed, and inefficient processes. Hence, there is rise in trend of legacy modernization among the businesses that enable the enterprises to align company’s objectives with its business goals to serve customers efficiently, scale products & services, and improve customer experience. In addition, legacy modernization has led to the accelerated digital transformation initiatives, automated deployments that increased productivity, and enhanced developer experience. Application transformation is the major contributor for legacy modernization; hence, this trend fuels the growth of the application transformation market.

KEY BENEFITS FOR STAKEHOLDERS

  • This study includes the application transformation market analysis, trends, and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and application transformation market opportunity.
  • The application transformation market size is quantitatively analyzed from 2019 to 2027to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in application transformation market forecast.

KEY MARKET SEGMENTS: 

BY SERVICE TYPE

  • Cloud Application Migration
  • Application Integration
  • Application Replatforming
  • Application Portfolio Assessment
  • UI/UX modernizations
  • Others

BYENTERPRISE SIZE

  • Large Enterprises
  • Small & Medium Enterprises

BY  INDUSTRY VERTICAL

  • BFSI
  • IT & Telecom
  • Government
  • Healthcare
  • Retail
  • Manufacturing
  • Others

BY REGION

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America 
    • Middle East
    • Africa

KEY MARKET PLAYERS

  • Accenture 
  • Atos 
  • Cognizant
  • Fujitsu 
  • HCL Technologies Ltd.
  • Hexaware
  • IBM Corporation
  • Micro Focus International PLC
  • Microsoft Inc.
  • TCS
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments

1.3.1. Key market players

1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

 

CHAPTER 2: EXECUTIVE SUMMARY

2.1. Key findings

2.1.1. Top impacting factors
2.1.2. Top investment pockets

2.2. CXO perspective 

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key forces shaping the application transformation market
3.3. Market dynamics

3.3.1. Drivers

3.3.1.1. Emergence of cloud technology and increasing consumption of Big Data
3.3.1.2. High cost associated with the maintenance of legacy applications
3.3.1.3. Technological development and advancement  in application transformation
3.3.1.4. Ongoing trend of legacy modernization

3.3.2. Restraints

3.3.2.1. Difficulty in application transformation due to complexities in the legacy systems

3.3.3. Opportunities

3.3.3.1. Rise in adoption of advanced technologies such as 5G, AI, ML, and IoT
3.3.3.2. Emerging need for digital transformation

3.4. Patent analysis

3.4.1. By region (2000-2020)
3.4.2. By applicant

3.5. COVID-19 impact analysis on the application transformation market

3.5.1. Impact on market size
3.5.2. Consumer trends, preferences, and budget impact
3.5.3. Economic impact
3.5.4. Key player strategies to tackle negative impact
3.5.5. Opportunity window

CHAPTER 4: APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE

4.1. Overview
4.2. Cloud application migration

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country

4.3. Application integration

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country

4.4. Application replatforming

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

4.5. Application portfolio assessment

4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country

4.6. UI/UX modernizations

4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country

4.7. Others

4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis, by country

CHAPTER 5: APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE

5.1. Overview
5.2. Large enterprises

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Small & medium enterprises

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

CHAPTER 6: APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL

6.1. Overview
6.2. BFSI

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country

6.3. IT and telecom

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

6.4. Government

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis, by country

6.5. Healthcare

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis, by country

6.6. Retail

6.6.1. Key market trends, growth factors, and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis, by country

6.7. Manufacturing

6.7.1. Key market trends, growth factors, and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market analysis, by country

6.8. Others

6.8.1. Key market trends, growth factors, and opportunities
6.8.2. Market size and forecast, by region
6.8.3. Market analysis, by country

CHAPTER 7: APPLICATION TRANSFORMATION MARKET, BY REGION

7.1. Overview
7.2. North America

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by service type
7.2.3. Market size and forecast, by enterprise size
7.2.4. Market size and forecast, by Industry vertical
7.2.5. Market analysis, by country

7.2.5.1. U.S.

7.2.5.1.1. Market size and forecast, by service type
7.2.5.1.2. Market size and forecast, by enterprise size
7.2.5.1.3. Market size and forecast, by industry vertical

7.2.5.2. Canada

7.2.5.2.1. Market size and forecast, by service type
7.2.5.2.2. Market size and forecast, by enterprise size
7.2.5.2.3. Market size and forecast, by industry vertical

7.3. Europe

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by service type
7.3.3. Market size and forecast, by enterprise size
7.3.4. Market size and forecast, by Industry vertical
7.3.5. Market analysis, by country

7.3.5.1. UK

7.3.5.1.1. Market size and forecast, by service type
7.3.5.1.2. Market size and forecast, by enterprise size
7.3.5.1.3. Market size and forecast, by industry vertical

7.3.5.2. Germany

7.3.5.2.1. Market size and forecast, by service type
7.3.5.2.2. Market size and forecast, by enterprise size
7.3.5.2.3. Market size and forecast, by industry vertical

7.3.5.3. France

7.3.5.3.1. Market size and forecast, by service type
7.3.5.3.2. Market size and forecast, by enterprise size
7.3.5.3.3. Market size and forecast, by industry vertical

7.3.5.4. Russia

7.3.5.4.1. Market size and forecast, by service type
7.3.5.4.2. Market size and forecast, by enterprise size
7.3.5.4.3. Market size and forecast, by industry vertical

7.3.5.5. Rest of Europe

7.3.5.5.1. Market size and forecast, by service type
7.3.5.5.2. Market size and forecast, by enterprise size
7.3.5.5.3. Market size and forecast, by industry vertical

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by service type
7.4.3. Market size and forecast, by enterprise size
7.4.4. Market size and forecast, by Industry vertical
7.4.5. Market analysis, by country

7.4.5.1. China

7.4.5.1.1. Market size and forecast, by service type
7.4.5.1.2. Market size and forecast, by enterprise size
7.4.5.1.3. Market size and forecast, by industry vertical

7.4.5.2. India

7.4.5.2.1. Market size and forecast, by service type
7.4.5.2.2. Market size and forecast, by enterprise size
7.4.5.2.3. Market size and forecast, by industry vertical

7.4.5.3. Japan

7.4.5.3.1. Market size and forecast, by service type
7.4.5.3.2. Market size and forecast, by enterprise size
7.4.5.3.3. Market size and forecast, by industry vertical

7.4.5.4. Australia

7.4.5.4.1. Market size and forecast, by service type
7.4.5.4.2. Market size and forecast, by enterprise size
7.4.5.4.3. Market size and forecast, by industry vertical

7.4.5.5. Rest of Asia-Pacific

7.4.5.5.1. Market size and forecast, by service type
7.4.5.5.2. Market size and forecast, by enterprise size
7.4.5.5.3. Market size and forecast, by industry vertical

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by service type
7.5.3. Market size and forecast, by enterprise size
7.5.4. Market size and forecast, by Industry vertical
7.5.5. Market analysis, by country

7.5.5.1. Latin America

7.5.5.1.1. Market size and forecast, by service type
7.5.5.1.2. Market size and forecast, by enterprise size
7.5.5.1.3. Market size and forecast, by industry vertical

7.5.5.2. Middle East

7.5.5.2.1. Market size and forecast, by service type
7.5.5.2.2. Market size and forecast, by enterprise size
7.5.5.2.3. Market size and forecast, by industry vertical

7.5.5.3. Africa

7.5.5.3.1. Market size and forecast, by service type
7.5.5.3.2. Market size and forecast, by enterprise size
7.5.5.3.3. Market size and forecast, by industry vertical

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Key player positioning analysis, 2019
8.2. Top winning strategies
8.3. Competitive dashboard
8.4. Key developments

8.4.1. New product launches
8.4.2. Collaboration
8.4.3. Acquisition
8.4.4. Partnership

CHAPTER 9: COMPANY PROFILE

9.1. Accenture

9.1.1. Company overview
9.1.2. Key executives
9.1.3. Company snapshot
9.1.5. Product portfolio
9.1.6. R&D expenditure
9.1.7. Business performance
9.1.8. Key strategic moves and developments

9.2. Atos

9.2.1. Company overview
9.2.2. Key executives
9.2.3. Company snapshot
9.2.5. Product portfolio
9.2.6. R&D expenditure
9.2.7. Business performance
9.2.8. Key strategic moves and developments

9.3. Cognizant

9.3.1. Company overview
9.3.2. Key executives
9.3.3. Company snapshot
9.3.5. Product portfolio
9.3.6. R&D expenditure
9.3.7. Business performance
9.3.8. Key strategic moves and developments

9.4. Fujitsu

9.4.1. Company overview
9.4.2. Key executives
9.4.3. Company snapshot
9.4.5. Product portfolio
9.4.6. R&D expenditure
9.4.7. Business performance
9.4.8. Key strategic moves and developments

9.5. HCL Technologies

9.5.1. Company overview
9.5.2. Key executives
9.5.3. Company snapshot
9.5.5. Product portfolio
9.5.6. R&D expenditure
9.5.7. Business performance
9.5.8. Key strategic moves and developments

9.6. Hexaware Technologies Limited

9.6.1. Company overview
9.6.2. Key executives
9.6.3. Company snapshot
9.6.5. Product portfolio
9.6.6. R&D expenditure
9.6.7. Business performance
9.6.8. Key strategic moves and developments

9.7. International Business Machines Corporation

9.7.1. Company overview
9.7.2. Key executives
9.7.3. Company snapshot
9.7.5. Product portfolio
9.7.6. R&D expenditure
9.7.7. Business performance
9.7.8. Key strategic moves and developments

9.8. Micro Focus International plc

9.8.1. Company overview
9.8.2. Key executives
9.8.3. Company snapshot
9.8.5. Product portfolio
9.8.6. R&D expenditure
9.8.7. Business performance

9.8.8. Key strategic moves and developments

9.9. Microsoft Corporation

9.9.1. Company overview
9.9.2. Key executives
9.9.3. Company snapshot
9.9.5. Product portfolio
9.9.6. R&D expenditure
9.9.7. Business performance
9.9.8. Key strategic moves and developments

9.10. Tata Consultancy Services Limited

9.10.1. Company overview
9.10.2. Key executives
9.10.3. Company snapshot
9.10.5. Product portfolio
9.10.6. R&D expenditure
9.10.7. Business performance
9.10.8. Key strategic moves and developments

LIST OF TABLES

TABLE 01. APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 02. APPLICATION TRANSFORMATION MARKET FOR CLOUD APPLICATION MIGRATION, BY REGION, 2019–2027 ($MILLION)
TABLE 03. APPLICATION TRANSFORMATION MARKET FOR APPLICATION INTEGRATION, BY REGION, 2019–2027 ($MILLION)
TABLE 04. APPLICATION TRANSFORMATION MARKET FOR APPLICATION REPLATFORMING, BY REGION, 2019–2027 ($MILLION)
TABLE 05. APPLICATION TRANSFORMATION MARKET FOR APPLICATION PORTFOLIO ASSESSMENT, BY REGION, 2019–2027 ($MILLION)
TABLE 06. APPLICATION TRANSFORMATION MARKET FOR UI/UX MODERNIZATIONS, BY REGION, 2019–2027 ($MILLION)
TABLE 07. APPLICATION TRANSFORMATION MARKET FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 08. APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 09. APPLICATION TRANSFORMATION MARKET FOR LARGE ENTERPRISES, BY REGION, 2019–2027 ($MILLION)
TABLE 10. SMALL & MEDIUM ENTERPRISES-BASED APPLICATION TRANSFORMATION MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 11. APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 12. APPLICATION TRANSFORMATION MARKET FOR BFSI, BY REGION, 2019–2027 ($MILLION)
TABLE 13. APPLICATION TRANSFORMATION MARKET FOR IT AND TELECOM, BY REGION, 2019–2027 ($MILLION)
TABLE 14. APPLICATION TRANSFORMATION MARKET FOR GOVERNMENT, BY REGION, 2019–2027 ($MILLION)
TABLE 15. APPLICATION TRANSFORMATION MARKET FOR HEALTHCARE, BY REGION, 2019–2027 ($MILLION)
TABLE 16. APPLICATION TRANSFORMATION MARKET FOR RETAIL, BY REGION, 2019–2027 ($MILLION)
TABLE 17. APPLICATION TRANSFORMATION MARKET FOR MANUFACTURING, BY REGION, 2019–2027 ($MILLION)
TABLE 18. APPLICATION TRANSFORMATION MARKET FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
TABLE 19. APPLICATION TRANSFORMATION MARKET, BY REGION, 2019–2027 ($MILLION)
TABLE 20. NORTH AMERICA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 21. NORTH AMERICA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 22. NORTH AMERICA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 23. NORTH AMERICA APPLICATION TRANSFORMATION MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 24. U.S. APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 25. U.S. APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 26. U.S. APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 27. CANADA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 28. CANADA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 29. CANADA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 30. EUROPE APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 31. EUROPE APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 32. EUROPE APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 33. EUROPE APPLICATION TRANSFORMATION MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 34. UK APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 35. UK APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 36. UK APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 37. GERMANY APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 38. GERMANY APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 39. GERMANY APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 40. FRANCE APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 41. FRANCE APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 42. FRANCE APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 43. RUSSIA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 44. RUSSIA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 45. RUSSIA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 46. REST OF EUROPE APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 47. REST OF EUROPE APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 48. REST OF EUROPE APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 49. ASIA-PACIFIC APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 50. ASIA-PACIFIC APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 51. ASIA-PACIFIC APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 52. ASIA-PACIFIC APPLICATION TRANSFORMATION MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 53. CHINA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 54. CHINA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 55. CHINA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 56. INDIA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 57. INDIA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 58. INDIA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 59. JAPAN APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 60. JAPAN APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 61. JAPAN APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 62. AUSTRALIA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 63. AUSTRALIA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 64. AUSTRALIA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 65. REST OF ASIA-PACIFIC APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 66. REST OF ASIA-PACIFIC APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 67. REST OF ASIA-PACIFIC APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 68. LAMEA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 69. LAMEA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 70. LAMEA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 71. LAMEA APPLICATION TRANSFORMATION MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 72. LATIN AMERICA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 73. LATIN AMERICA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 74. LATIN AMERICA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 75. MIDDLE EAST APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 76. MIDDLE EAST APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 77. MIDDLE EAST APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 78. AFRICA APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 79. AFRICA APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
TABLE 80. AFRICA APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
TABLE 81. KEY NEW PRODUCT LAUNCHES (2017-2020)
TABLE 82. COLLABORATION (2017-2020)
TABLE 83. ACQUISTION (2017-2020)
TABLE 84. PARTNERSHIP (2017-2020)
TABLE 85. ACCENTURE.: KEY EXECUTIVES
TABLE 86. ACCENTURE.: COMPANY SNAPSHOT
TABLE 88. ACCENTURE.: PRODUCT PORTFOLIO
TABLE 89. ATOS: KEY EXECUTIVES
TABLE 90. ATOS: COMPANY SNAPSHOT
TABLE 92. ATOS: PRODUCT PORTFOLIO
TABLE 93. COGNIZANT.: KEY EXECUTIVES
TABLE 94. COGNIZANT.: COMPANY SNAPSHOT
TABLE 96. COGNIZANT.: PRODUCT PORTFOLIO
TABLE 97. FUJITSU.: KEY EXECUTIVES
TABLE 98. FUJITSU.: COMPANY SNAPSHOT
TABLE 100. FUJITSU.: PRODUCT PORTFOLIO
TABLE 101. HCL TECHNOLOGIES.: KEY EXECUTIVES
TABLE 102. HCL TECHNOLOGIES.: COMPANY SNAPSHOT
TABLE 104. HCL TECHNOLOGIES.: PRODUCT PORTFOLIO
TABLE 105. HEXAWARE TECHNOLOGIES LIMITED.: KEY EXECUTIVES
TABLE 106. HEXAWARE TECHNOLOGIES LIMITED.: COMPANY SNAPSHOT
TABLE 108. HEXAWARE TECHNOLOGIES LIMITED.: PRODUCT PORTFOLIO
TABLE 109. INTERNATIONAL BUSINESS MACHINES CORPORATION.: KEY EXECUTIVES
TABLE 110. INTERNATIONAL BUSINESS MACHINES CORPORATION.: COMPANY SNAPSHOT
TABLE 112. INTERNATIONAL BUSINESS MACHINES CORPORATION.: PRODUCT PORTFOLIO
TABLE 113. MICRO FOCUS INTERNATIONAL PLC.: KEY EXECUTIVES
TABLE 114. MICRO FOCUS INTERNATIONAL PLC.: COMPANY SNAPSHOT
TABLE 116. MICRO FOCUS INTERNATIONAL PLC.: PRODUCT PORTFOLIO
TABLE 117. MICROSOFT CORPORATION: KEY EXECUTIVES
TABLE 118. MICROSOFT CORPORATION: COMPANY SNAPSHOT
TABLE 120. MICROSOFT CORPORATION: PRODUCT PORTFOLIO
TABLE 121. TATA CONSULTANCY SERVICES LIMITED: KEY EXECUTIVES
TABLE 122. TATA CONSULTANCY SERVICES LIMITED: COMPANY SNAPSHOT
TABLE 124. TATA CONSULTANCY SERVICES LIMITED: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. APPLICATION TRANSFORMATION MARKET SNAPSHOT, BY SEGMENT, 2019–2027
FIGURE 03. APPLICATION TRANSFORMATION MARKET SNAPSHOT, BY COUNTRY, 2019–2027
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07. MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 08. MODERATE THREAT OF SUBSTITUTES
FIGURE 09. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10. HIGH COMPETITIVE RIVALRY
FIGURE 11. MARKET DYNAMICS: GLOBAL APPLICATION TRANSFORMATION MARKET
FIGURE 12. PATENT ANALYSIS, BY REGION
FIGURE 13. PATENT ANALYSIS, BY APPLICANT
FIGURE 14. APPLICATION TRANSFORMATION MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR CLOUD APPLICATION MIGRATION, BY COUNTRY,  2019 & 2027 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR APPLICATION INTEGRATION, BY COUNTRY,  2019 & 2027 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR APPLICATION REPLATFORMING, BY COUNTRY,  2019 & 2027 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR APPLICATION PORTFOLIO ASSESSMENT, BY COUNTRY,  2019 & 2027 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR UI/UX MODERNIZATIONS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 21. APPLICATION TRANSFORMATION MARKET, BY ENTERPRISE SIZE, 2019–2027 ($MILLION)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF LARGE ENTERPRISES APPLICATION TRANSFORMATION MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF SMALL & MEDIUM ENTERPRISES-BASED APPLICATION TRANSFORMATION MARKET, BY COUNTRY,  2019 & 2027 (%)
FIGURE 24. APPLICATION TRANSFORMATION MARKET, BY INDUSTRY VERTICAL, 2019–2027 ($MILLION)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR BFSI, BY COUNTRY,  2019 & 2027 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR IT AND TELECOM, BY COUNTRY,  2019 & 2027 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR GOVERNMENT,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 28. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR HEALTHCARE, BY COUNTRY, 2019 & 2027 (%)
FIGURE 29. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR RETAIL, BY COUNTRY,  2019 & 2027 (%)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR MANUFACTURING,  BY COUNTRY, 2019 & 2027 (%)
FIGURE 31. COMPARATIVE SHARE ANALYSIS OF APPLICATION TRANSFORMATION MARKET FOR OTHERS, BY COUNTRY,  2019 & 2027 (%)
FIGURE 32. U.S. APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 33. CANADA APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 34. UK APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 35. GERMANY APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 36. FRANCE APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 37. RUSSIA APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 38. REST OF EUROPE APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 39. CHINA APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 40. INDIA APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 41. JAPAN APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 42. AUSTRALIA APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 43. REST OF ASIA-PACIFIC APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 44. LATIN AMERICA APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 45. MIDDLE EAST APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 46. AFRICA APPLICATION TRANSFORMATION MARKET, 2019–2027 ($MILLION)
FIGURE 47. KEY PLAYER POSITIONING ANALYSIS: GLOBAL APPLICATION TRANSFORMATION MARKET
FIGURE 48. TOP WINNING STRATEGIES, BY YEAR, 2017-2021
FIGURE 49. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2021
FIGURE 50. TOP WINNING STRATEGIES, BY COMPANY, 2017-2021
FIGURE 51. COMPETITIVE DASHBOARD
FIGURE 52. COMPETITIVE DASHBOARD
FIGURE 53. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 54. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 55. ACCENTURE: REVENUE, 2018–2020 ($MILLION)
FIGURE 56. ACCENTURE: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 57. ACCENTURE: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 58. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 59. ATOS: REVENUE, 2018–2020 ($MILLION)
FIGURE 60. ATOS: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 61. ATOS: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 62. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 63. COGNIZANT: REVENUE, 2018–2020 ($MILLION)
FIGURE 64. COGNIZANT: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 65. COGNIZANT: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 66. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 67. FUJITSU: REVENUE, 2018–2020 ($MILLION)
FIGURE 68. FUJITSU: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 69. FUJITSU: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 70. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 71. HCL TECHNOLOGIES: REVENUE, 2018–2020 ($MILLION)
FIGURE 72. HCL TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 73. HCL TECHNOLOGIES: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 74. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 75. HEXAWARE TECHNOLOGIES LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 76. HEXAWARE TECHNOLOGIES LIMITED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 77. HEXAWARE TECHNOLOGIES LIMITED: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 78. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 79. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 80. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 81. INTERNATIONAL BUSINESS MACHINES CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 82. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 83. MICRO FOCUS INTERNATIONAL PLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 84. MICRO FOCUS INTERNATIONAL PLC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 85. MICRO FOCUS INTERNATIONAL PLC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 86. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 87. MICROSOFT CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 88. MICROSOFT CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 89. MICROSOFT CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 90. R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 91. TATA CONSULTANCY SERVICES LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 92. TATA CONSULTANCY SERVICES LIMITED: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 93. TATA CONSULTANCY SERVICES LIMITED: REVENUE SHARE BY REGION, 2020 (%)

 
 

The application transformationmarket is going through enormous transformation and growth. Application transformationhas become the businesses’ answer to requirements of the business 4.0environment. The enterprises are launching large transformation programs to build digital models that support modern business, enhance customer experience, and address new market segments. This has led to the emerging demand for application transformation services.

Rise in demand for accelerating business transformation across the industry verticals offers scope for innovative product developments and launches by key vendors. Suchdevelopments offer a smarter and faster way for application transformations in the organization. For instance,in May 2020, IBM launched a wide range of advanced artificial intelligence (AI)-powered services and capabilities to help chief information officers (CIOs) to automate different aspects of IT development, operations, and infrastructure. This launch includes Accelerator for application modernization with AI; and IBM Watson AIOps that leverages AI to reliably operate enterprise applications.

Moreover, the COVID-19 pandemic has significantly fosteredthe growth rate of the application transformation market as the increase in number of organizations across the globe are moving their operations from traditional IT architecture to cloud-based platforms. In addition, there is emerging need for infrastructure to be reconfigured to meet the organization’s needs. This has led to surge in demand for older applications to be modernized to operate in a cloud environment. This factor primarily drives the growth of the application transformation market.

The CXOs further added that the application transformation market is competitive and comprises number of regional and global vendors competing on the basis of factors such as cost of solutions, reliability, and support services. The growth of the market is impacted by rapid advances in the application transformation offerings, whereas the vendor performance is impacted by COVID-19 conditions and industry development. Owing to the competition, vendors operating in the market are offering advanced application transformation products and services to improve the business performances, driving the market growth. In addition, the key players in themarket are actively adopting the strategies such as new product launches, acquisitions, and collaborations to enhance their market presence. For instance, in November 2020,IBM acquired Instana, an application performance monitoring company. The acquisition is anticipated to enable IBM to help businesses better manage the complexity of modern applications.

 
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