Application Transformation Market expected to reach USD 42.40 billion by 2032 with strong growth

From GlobeNewswire: 2025-06-12 10:00:00

The Application Transformation Market was valued at USD 11.56 billion in 2023, projected to reach USD 42.40 billion by 2032 with a CAGR of 15.58% between 2024-2032. Major players include Accenture, Atos, Capgemini, IBM, Microsoft, Oracle, and more. The U.S. market alone is expected to grow from USD 3.17 billion in 2023 to USD 11.47 billion by 2032, driven by modernization needs and cloud adoption.

By Type, Application Integration segment led with 30% revenue share, while UI Modernization segment is expected to grow at 17.86% CAGR. Large enterprises currently dominate the market, capturing 67% revenue share, but Small & Medium Enterprises (SMEs) are projected to grow at a faster CAGR of 16.82%. BFSI sector leads the market, while manufacturing is expected to experience the fastest growth.

North America currently dominates the Application Transformation Market with Asia Pacific showing the fastest CAGR of 17.87%. The region’s growth is driven by digitalization, increased IT investment, and demand for cloud-based solutions. With technological advancements and market players, North America remains a key player in this space.



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