Application Transformation Market Statistics, Size, Trends, Forecast Till 2024

Shivamwm30 Jan, 2023News

The report “Application Transformation Market by Service (Cloud Application Migration, Application Replatforming, Application Integration), Organization Size, Vertical (Retail, IT & Telecom, Government, Healthcare, Manufacturing), and Region — Global Forecast to 2024”, The global application transformation market size to grow from USD 9.7 billion in 2019 to USD 16.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.6% during 2019–2024. The emergence of cloud and big data technologies has taken the transformation process to a new and advanced level. The enterprises are striving to achieve a competitive advantage, which can be achieved with the application transformation process in place. The constant need to be updated with new technologies and enhance the Return on Investment (RoI) requires a scientific approach and agile methodology to mitigate the key risks and challenges involved in the existing legacy applications.