Achieving Optimization: A Transformed Approach to Application Transformation
State of the Market report

10 Jun 2024
by Yugal Joshi, Ankit Gupta, Madhurima Chopra, Jatin Kumar (ITS), Lalith Kumar

Application transformation has become vital for enterprises due to dynamic customer expectations and the rising demand for better productivity and efficiency. As a result, enterprises are adopting innovative technologies to achieve tangible benefits, particularly amid economic uncertainties. Additionally, the C-suite is more involved in implementing transformation initiatives and prioritizes consistent value realization, prompting enterprises to seek better transformation strategies.

Given these expectations, continuous transformation is the way forward for enterprises to minimize technology debt while driving higher efficiency, productivity, cost savings, and other benefits. This approach also enables enterprises to achieve sustainability, compliance, and regulatory adherence mandates.

In this report, we examine how enterprises need to leverage their transformation strategies to drive better business outcomes. The report also features leading technology providers and their capabilities in the application transformation space.

Scope

  • All industries and geographies
  • Market segment: Application Services (AS)
  • This report is based on Everest Group’s annual RFI process for the calendar year 2023, interactions with leading application transformation services providers, client reference checks, and an ongoing analysis of the application transformation services market

Contents

In this report, we:

  • Examine the application transformation landscape
  • Evaluate key drivers for application transformation services’ adoption
  • Offer market insights into application transformation services and their enterprise adoption imperatives
  • Assess application transformation approach’s modification for enterprises to drive value realization

Membership(s)

Application Services

Sourcing and Vendor Management

 

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