Application Transformation Market Share

Application Transformation Market Share

Google, AWS, and Microsoft collectively held a substantial market share of 11% in the application transformation industry in 2023.
 

• These tech companies have acquired a leading market position as they offer cloud platforms that allow organizations to easily move, update, and integrate applications. To expand their market position, these companies have adopted several tactics.
   
• They never stop working towards expanding their range of services and updating their cloud-based solutions to meet new customer expectations. By partnering and forming alliances with companies, they create specialized solutions, which increases the demand for their products.
   
• AWS offers multiple services, including computing and storage, as well as machine learning, which allows businesses to improve their applications with minimal effort.
   
• The Azure platform from Microsoft enables hybrid solutions because it integrates both on-premises resources with cloud-based ones together with enterprise applications like Microsoft 365.
   
• Google Cloud leads in analytics and machine learning, making products that help companies process their data and enhance their applications.
   

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
   

The application transformation market is seeing a lot of international companies practicing merger and acquisition strategies to strengthen their presence in the market. With the goal of modernizing applications in an all-encompassing way, companies started forming alliances with IT consultants, software publishers, and cloud service providers. This aids in streamlining the Modernization of applications, improving operational effectiveness, and even increasing the scalability for enterprise clients due to heavy investment in emerging technologies such as AI, ML, and even low code/no code technologies.
 

In particular, the cloud-native development strategies of application built above coupled with the principles of DevOps aid these companies to accelerate the way their applications are transformed. Because of the greater attention being paid towards sustainability within IT, enterprises have started looking for green application transformation practices.
 

These enterprises are helping their clients reduce energy consumption and carbon emissions by modernizing their legacy systems while reducing the reliance on hardware. Further, these enterprises gain competitive advantage in the industry by meeting the new sustainable IT practice standards with the efficient use of resources and green cloud technology.