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Application Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 141 Pages
  • March 2022
  • Region: Global
  • IMARC Group
  • ID: 5562437
The global application transformation market reached a value of US$ 12.65 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 26.71 Billion by 2027, exhibiting at a CAGR of 13.47% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.



Application transformation refers to the process of updating existing business-critical applications to meet the current requirements of the organizations. It involves assessing the software and application platforms and migrating to cloud and hybrid environments. Some of the commonly used application transformation solutions include cloud application migration, user interface (UI) modernization, application portfolio assessment and post-modernization services. These transformation solutions are also utilized for optimizing the applications to meet the government and compliance requirements. Application transformation can aid in enhancing the overall operational reliability, automating delivery and minimizing the cost of maintaining the infrastructure. As a result, it finds extensive applications across various industries, including banking, financial services and insurance (BFSI), manufacturing, healthcare, retail, information technology (IT) and telecommunication.

Application Transformation Market Trends:


Significant growth in the IT industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the widespread adoption of cloud computing and big data technologies in small, medium and large-sized organizations is providing a thrust to the market growth. Organizations are extensively utilizing application transformation solutions for operating in agile environments and mitigating the risks and challenges associated with the existing systems. In line with this, the rapid modernization of brick-and-mortar retail stores is also contributing to the growth of the market. Retailers are increasingly utilizing digital and social media solutions to reach a wider consumer base and attract more customers. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), 5G and edge computing solutions, for real-time analytics, improved collaboration, data consistency and process flexibility is favoring the market growth. Other factors, including the increasing penetration of high-speed internet, along with the emerging trend of legacy modernization, are anticipated to drive the market toward growth.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global application transformation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service type, enterprise size and end use industry.

Breakup by Service Type:

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

Breakup by Enterprise Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises

Breakup by End Use Industry:

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

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:


The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Atos SE, Capgemini SE, Cognizant, Fujitsu Limited, HCL Technologies Limited (HCL Enterprise), Infosys Limited, International Business Machines Corporation, Micro Focus International plc, Microsoft Corporation, Oracle Corporation, Tata Consultancy Services Limited and Unisys Corporation.

Key Questions Answered in This Report:


  • How has the global application transformation market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global application transformation market?
  • What are the key regional markets?
  • What is the breakup of the market based on the service type?
  • What is the breakup of the market based on the enterprise size?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global application transformation market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Application Transformation Market

What is the estimated value of the Global Application Transformation Market?

The Global Application Transformation Market was estimated to be valued at $12.65 Billion in 2021.

What is the growth rate of the Global Application Transformation Market?

The growth rate of the Global Application Transformation Market is 13.2%, with an estimated value of $26.71 Billion by 2027.

What is the forecasted size of the Global Application Transformation Market?

The Global Application Transformation Market is estimated to be worth $26.71 Billion by 2027.

Who are the key companies in the Global Application Transformation Market?

Key companies in the Global Application Transformation Market include Accenture plc, Atos SE, Capgemini SE, Cognizant, Fujitsu Limited, HCL Technologies Limited (HCL Enterprise), Infosys Limited, International Business Machines Corporation, Micro Focus International plc and Microsoft Corporation.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Application Transformation Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service Type
6.1 Cloud Application Migration
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Application Integration
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Application Replatforming
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Application Portfolio Assessment
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 UI/UX Modernizations
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Enterprise Size
7.1 Large Enterprises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Small and Medium-sized Enterprises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 BFSI
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 IT and Telecom
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Government
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Healthcare
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Retail
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Manufacturing
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Accenture plc
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Atos SE
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Capgemini SE
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Cognizant
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Fujitsu Limited
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 HCL Technologies Limited (HCL Enterprise)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Infosys Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 International Business Machines Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Micro Focus International plc
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Microsoft Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Oracle Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Tata Consultancy Services Limited
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Unisys Corporation
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Application Transformation Market: Major Drivers and Challenges
Figure 2: Global: Application Transformation Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Application Transformation Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Application Transformation Market: Breakup by Service Type (in %), 2021
Figure 5: Global: Application Transformation Market: Breakup by Enterprise Size (in %), 2021
Figure 6: Global: Application Transformation Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Application Transformation Market: Breakup by Region (in %), 2021
Figure 8: Global: Application Transformation (Cloud Application Migration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Application Transformation (Cloud Application Migration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Application Transformation (Application Integration) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Application Transformation (Application Integration) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Application Transformation (Application Replatforming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Application Transformation (Application Replatforming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Application Transformation (Application Portfolio Assessment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Application Transformation (Application Portfolio Assessment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Application Transformation (UI/UX Modernizations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Application Transformation (UI/UX Modernizations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Application Transformation (Other Service Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Application Transformation (Other Service Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Application Transformation (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Application Transformation (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Application Transformation (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Application Transformation (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Application Transformation (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Application Transformation (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Application Transformation (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Application Transformation (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Application Transformation (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Application Transformation (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Application Transformation (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Application Transformation (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Application Transformation (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Application Transformation (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Application Transformation (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Application Transformation (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Application Transformation (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Application Transformation (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Application Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Application Transformation Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Application Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Application Transformation Industry: SWOT Analysis
Figure 88: Global: Application Transformation Industry: Value Chain Analysis
Figure 89: Global: Application Transformation Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Application Transformation Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Application Transformation Market Forecast: Breakup by Service Type (in Million US$), 2022-2027
Table 3: Global: Application Transformation Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 4: Global: Application Transformation Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Application Transformation Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Application Transformation Market: Competitive Structure
Table 7: Global: Application Transformation Market: Key Players

Companies Mentioned

  • Accenture plc
  • Atos SE
  • Capgemini SE
  • Cognizant
  • Fujitsu Limited
  • HCL Technologies Limited (HCL Enterprise)
  • Infosys Limited
  • International Business Machines Corporation
  • Micro Focus International plc
  • Microsoft Corporation
  • Oracle Corporation
  • Tata Consultancy Services Limited
  • Unisys Corporation.

Methodology

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