- Agile transformation services are a group of services created & provided by an agile transformation organization that partners with or employs a team of specialists. Agile transformation experts collaborate with an enterprise to create a tailored agile transformation program.
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Impact of Coronavirus (COVID-19) on the Agile Transformation Services Market
Lockdowns across major regions (Europe, Asia, and North America) due to an increase in the spread of Coronavirus (COVID-19) negatively impacts the agile transformation services market. Shutdown or closure of businesses due to social distancing is expected to result in a significant dip in the deployment of agile transformation services for the year 2024 and 2024, which is expected to negatively impact the agile transformation services market.
Growing Adoption of Industry 4.0 Expected to Drive the Global Agile Transformation Services market
- Industry 4.0 is one of the best techniques for organizations to maintain their operational efficiency; for instance, it helps in information advancements to deal with different methods and mechanical assemblies in the industry. The improved technology helps to complete the work in less time, which in turn helps enterprises to be more efficient and productive. Additionally, agile transformation is one of the pillars of industrial automation to help companies respond faster to their customers as well as competitors, and become innovative and leaner.
- On the other hand, machine learning/ artificial intelligence, digitalization, Internet of Things, and Big Data are some of the finest technical advancements across enterprises to improve operational developments. These advances have the potential to form real-time data-driven improvement programs for enterprises, and helps them to take the correct decisions at the right time.
- Numerous benefits of Industry 4.0 support organizations to efficiently run their operations. These include:
- Agile transformation redefined the orientation of IT and other business.
- It builds cost-efficient interfaces amongst current infrastructure and activities to accumulate and relocate real-time data.
- The impact of this driver is expected to be high during the forecast period. Adoption of agile transformation services is increasing across the globe, owing to growing adoption of Industry 4.0. This is expected to boost the global agile transformation services market in the next few years.
Lack of Awareness Expected to Hamper the Agile Transformation Services Market
- Lack of awareness is one of the major restraints of the agile transformation services market. Across various developing or under developed countries, enterprises are still majorly focusing on outdated or traditional systems instead of implementing agile transformation services.
- Therefore, lack of awareness is expected to hamper the growth of the agile transformation services market during the forecast period.
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North America to Account for Major Share of the Global Agile Transformation Services Market
- In terms of region, the global agile transformation services market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa
- North America is anticipated to account for major share of the global agile transformation services market during the forecast period due to increase in demand for enhanced collaboration & communication across enterprises. Europe is expected to follow North America in terms of share of the global agile transformation services market from 2024 to 2030.
- The market in Asia Pacific is projected to expand at a rapid pace during the forecast period due to growing technical advancements across business processes, specifically in India, Japan, and China.
Key Players Operating in the Global Agile Transformation Services Market Include:
- Endava Plc
- Symphony Solutions
- Accenture Plc
- Xebia Group
- Hexaware Technologies Limited
- Cognizant Technology Solutions Corporation
- Others
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