Enterprise Agile Transformation Services Market to Generate $63.83 Billion by 2026, States the Report by Allied Market Research

A lead analyst at AMR highlighted that the enterprise agile transformation services market in Asia-Pacific is anticipated to grow at the fastest CAGR during the forecast period.

Allied Market Research published a research report on the enterprise agile transformation services market. The findings of the report states that the global market for enterprise agile transformation services generated $15.44 billion in 2018, and is projected to reach $63.83 billion by 2026, witnessing a CAGR of 19.5% from 2019 to 2026. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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The report provides insights on drivers, restrains, and opportunities to help market players in devising growth strategies and capitalizing on opportunities. Rise in need for accelerated product development, development of the IoT sector, and growing inclination toward improves teamwork and communication in enterprises drive the growth of the global enterprise agile transformation services market. On the contrary, frequent failure rates hinder the market growth. However, surge in adoption of agile services among non-IT industries and emerging applications of agile in budding big data complex landscape would open new opportunities in the coming years. 

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the enterprise agile transformation services market globally. The work-from-home drifts gave way to increasing demand for accelerated product development among organizations. There were also huge requirement for improved communication in enterprises during the pandemic. These factors impacted the global agile transformation services market positively.

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“The IT & Telecom industry is expected to attain a significant growth in the coming years, market, as this sector is adopting enterprise agile transformation services for providing better, flexible, and reliable services to their third-party providers such as service providers, contractors, and governments.” said Shadaab Khan, Research Analyst, ICT at Allied Market Research.

By industry vertical, the IT & telecom segment accounted for the major revenue share in 2018, holding more than one-fourth of the market. However, the retail segment is expected to cite the fastest CAGR of 23.2% during the forecast period.

By methodology, the scrum segment dominated the market in 2018, garnering more than half of the market. On the other hand, the Kanban segment is estimated to manifest the fastest CAGR of 22.7% throughout the forecast period.

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By region, the market across the Asia-Pacific region would display the fastest CAGR of 22.1% during the forecast period. However, the market across North America contributed to the largest share in 2018, accounting for two-fifths of the global market.

Leading players of the global enterprise agile transformation services market that are analyzed in the research include Accenture Plc., Agile Sparks, Broadcom Inc., Endava Plc, Hexaware, Technologies Limited, International Business Machines Corporation, LeadingAgile, Cognizant Technology Solutions Corporation, Symphony Solutions, Xebia Group, and Access AVENUE- A S.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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