Global Application Transformation Market to Reach $50.3 Billion by 2030
The global market for Application Transformation estimated at US$20.5 Billion in the year 2023, is expected to reach US$50.3 Billion by 2030, growing at a CAGR of 13.7% over the analysis period 2023-2030. Application Integration, one of the segments analyzed in the report, is expected to record a 13.9% CAGR and reach US$16.2 Billion by the end of the analysis period. Growth in the Cloud Application Migration segment is estimated at 14.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 13% CAGR
The Application Transformation market in the U.S. is estimated at US$6.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.6 Billion by the year 2030 trailing a CAGR of 13% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.1% and 11.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.
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