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Application Transformation Market Share

Report ID: GMI12022
Published Date: Oct 2024
Report Format: PDF

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Application Transformation Market Share

Application Transformation Company Market Share

Google, AWS, and Microsoft collectively held a substantial market share of 11% in the market in 2023. These technology companies have secured leadership positions by providing scalable cloud platforms that facilitate seamless application migration, modernization, and integration for organizations. To strengthen their market presence, these firms have implemented several strategic measures. They consistently invest in broadening their service portfolios, upgrading their cloud platforms with new functionalities to address changing customer requirements.

AWS provides a wide range of services, including computing power, storage, and machine learning capabilities, enabling businesses to transform their applications efficiently. Microsoft's Azure platform facilitates hybrid cloud solutions, allowing organizations to combine on-premises and cloud resources while integrating with enterprise applications such as Microsoft 365. Google Cloud focuses on data analytics and machine learning, offering tools that help organizations extract insights from their data and enhance application performance.

Application Transformation Market Companies

Major players operating in the application transformation industry are:

Accenture
Atos
AWS
Bell Integration
Capgemini
Cognizant
DXC Technology
Fujitsu
Google
HCL

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global application transformation industry was valued at USD 14.8 billion in 2023 and is projected to grow at a 13.8% CAGR from 2024 to 2032, driven by digital transformation initiatives.

The application modernization services segment accounted for 25% of the market share in 2023 and is expected to exceed USD 10 billion by 2032, as organizations urgently need to enhance existing applications to stay competitive.

U.S. held over 78% of the North America application transformation market share in 2023 and is expected to reach around USD 9.5 billion by 2032, supported by a robust technology ecosystem and continuous innovation.

Key players in the industry include Accenture, Atos, AWS, Bell Integration, Capgemini, Cognizant, DXC Technology, Fujitsu, Google, and HCL.