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Enterprise Agile Transformation Services Market to Reach $142 Billion, Globally, by 2032 at 18.1% CAGR: Allied Market Research

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Allied Market Research published a report, titled, “Enterprise Agile Transformation Services Market by Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), by Industry Vertical (BFSI, IT and Telecom, Retail, Media and Entertainment, Government and Public Sector, Manufacturing, Healthcare, Hospitality, Others), by Service Type (Agile Consulting, Agile Development, Agile Training and Coaching, Agile Tools and System), by Methodology (Scrum, Scrum XP, Scrumban, Kanban, Custom Hybrid, Others), by Consumer Type (Individual Consumers, Trainer and Coaches, Corporations/Enterprises): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global enterprise agile transformation services market size was valued at $27.6 billion in 2022, and is projected to reach $142 billion by 2032, growing at a CAGR of 18.1% from 2023 to 2032.

Enterprise agile transformation services encompass a range of offerings designed to assist organizations in adopting agile principles and practices at a broader, enterprise-wide level. These services typically include agile coaching, training, consulting, and the provision of agile tools and platforms. Agile transformation services are typically provided by specialized firms that collaborate with a team of professionals and work closely with business organizations to create a customized agile transformation program.

Prime determinants of growth  

The upsurge in need for faster time-to-market in product development and the increase in need for better communication & collaboration among businesses are driving the growth of the market. In addition, the rise in shift from traditional transformation toward agile transformation is expected to fuel the growth of enterprise agile transformation service market. However, frequent failure rates is projected to limit the growth of this market. Conversely, the rise in adoption of agile approaches among major non-IT industries, such as manufacturing, retail, and healthcare, along with the robust growth of big data-based complex landscape are anticipated to provide numerous opportunities for the expansion of the market during the forecast period.

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Report coverage & details: 

Report Coverage 

Details 

Forecast Period 

2023–2032 

Base Year 

2022

Market Size in 2022 

$27.6 Billion 

Market Size in 2032 

$142 Billion 

CAGR 

18.1 %

No. of Pages in Report 

585

Segments Covered 

Organization Size, Industry Vertical, Service Type, Methodology, Consumer Type, and Region. 

Drivers  

Upsurge in need for faster time-to-market in product development. 

Increase in need for better communication & collaboration among businesses. 

Rise in shift from traditional transformation toward agile transformation. 

Opportunities 

Rise in adoption of agile approaches among major non-IT industries. 

Robust growth of big data-based complex landscape.

Restraints 

Frequent failure rates 

Buy this Complete Report (585 Pages PDF with Insights, Charts, Tables, and Figures) at:

https://www.alliedmarketresearch.com/enterprise-agile-transformation-services-market/purchase-options

Covid-19 Scenario 

  • The enterprise agile transformation services market has witnessed significant growth during the COVID-19 pandemic, due to the rise in awareness regarding digitalization among the end-user, along with the growing need to adopt agile transformation services to survive in the COVID-19 crisis. Further, traditional business and operating models were under severe pressure to survive in the market during the COVID-19 lockdown, owing to demand and supply gaps. In response to this, companies have leveraged remote working solutions, and reimagined the way they serve customers, which created new business models, enhanced technology capabilities, and assembled multi-disciplinary teams.
  • Moreover, organizations were closely monitoring the COVID-19 situation and rapidly adapting their business strategy, which leading to better opportunities to support clients by rapidly delivering to changing business needs, which, in turn, is contributing toward the higher demand for enterprise agile transformation services market.

The agile development segment to maintain its lead position during the forecast period 

Based on service type, the agile development segment accounted for the largest share in 2022, contributing to more than two-fifths of the global enterprise agile transformation services market revenue, owing to the rise in the ability of agile development services to provide fast & reliable product development, customized application development, and mobile integration services. However, the agile tools and system segment is expected to portray the largest CAGR of 20.9% from 2023 to 2032 and is projected to maintain its lead position during the forecast period.

The large enterprises segment to maintain its leadership status throughout the forecast period 

Based on organization size, the large enterprises segment held the highest market share in 2022, accounting for nearly three-fourths of the global enterprise agile transformation services market revenue, owing to growing awareness and understanding of agile in large enterprises to improve vision of agile transformation and help to build a compelling awareness and aspiration. However, the small & medium-sized enterprises (SMEs) segment is projected to manifest the highest CAGR of 20.8% from 2023 to 2032, owing to rapid development of technology, which creates the demand for agile transformation services across SMEs.

The IT and Telecom management segment to maintain its leadership status throughout the forecast period 

Based on industry vertical, the IT and telecom segment held the highest market share in 2022, accounting for more than one-fourth of the global enterprise agile transformation services market revenue, owing to the rise in need for agile services to manage customer base and to stay competitive in the IT industry. However, the healthcare segment is projected to manifest the highest CAGR of 24.4% from 2023 to 2032, owing to the increase in the need to provide improved patient care and focus on the development of patient-friendly devices and patient care quality.

North America to maintain its dominance by 2032 

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly two-fifths of the global enterprise agile transformation services market revenue, owing to the emergence of Industrial 4.0 revolution and rapid technological advancements, along with the favorable government support and initiatives in the region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 21.8% from 2023 to 2032 and is likely to dominate the market during the forecast period, owing to the emergence of Industrial 4.0 revolution and rapid technological advancements, along with the favorable government support and initiatives.

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Leading Market Players: – 

  • Scrum Inc.
  • Scrumstudy
  • Scrum Alliance
  • Scrum Org
  • Project Management Institute (PMI)
  • Scaled Agile, Inc.
  • IC Agile
  • Agile Business Consortium Limited
  • Lean Agile Institute
  • Accenture Plc
  • Capgemini SE
  • ISOS Technology
  • Atlassian
  • Broadcom Inc.
  • Apptio

The report provides a detailed analysis of these key players in the global enterprise agile transformation services market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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Artificial Intelligence

TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer

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DUBAI, UAE, May 14, 2024 /PRNewswire/ — TerraPay, a prominent global money movement company, has partnered with Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI]. TerraPay’s global payment solutions for local payout needs integrated with Al Ansari Exchange’s extensive network expands both organisations scope of operations and improves their capabilities to serve a broader customer base with efficient, secure, and seamless transactions.

With its strong portfolio of financial services and customer-centric approach, Al Ansari Exchange provides its clientele with flexible and reliable remittance options. The latest partnership will allow TerraPay to capitalise on this expertise and expand its presence in the UAE, in line with the company’s strategic objectives of expanding its global footprint and enhancing its offerings.
Ani Sane, Co-founder & Chief Business Officer at TerraPay, commented, “We are thrilled to partner with Al Ansari Exchange, a respected name with a rich heritage in the UAE. This partnership allows us to leverage combined strengths and capabilities. Together, we are prepared to extend our services and better serve customers, making cross-border transactions more seamless and accessible.”
Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said, “We are delighted to enter into this strategic partnership with TerraPay, a leading force in global money transfer. This collaboration signifies our commitment to providing our customers with flexible and reliable remittance options. TerraPay’s global network and innovative technology complements our expertise, allowing us to offer a wider range of services.”
The strategic collaboration was unveiled at Seamless Middle East 2024, highlighting how both entities are committed to leveraging technology to enhance the remittance ecosystem. Together, the companies promise to empower clients by enhancing global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.
About TerraPay:
TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 141 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
About Al Ansari Exchange:
Al Ansari Exchange, the subsidiary of Al Ansari Financial Services P.J.S.C. and the largest outward personal remittance and foreign exchange company in the UAE.
Al Ansari Exchange, established in 1966 and licensed by the Central Bank of the UAE, is the UAE’s first exchange company that grown to be the largest outward personal remittance and foreign exchange company in the country with over 256 branches across the Emirates (as of December 2023). With over 4500 multilingual employees, the Company conducts 134 thousand transactions per day (as of December 2023). Al Ansari Exchange has contributed about 40% of the core operating income of exchange houses in the country and constituted 74% of the consolidated net profit for the exchange houses. In terms of contribution to the foreign exchange business, Al Ansari Exchange made up 32% of the income generated by exchange houses as well as 46% of income in the remittance business. Since its founding, the Company has significantly scaled its digital presence through its award-winning app, website and in-branch smart counters, enabling it to capture a 41% share of the digital outward personal remittances market among exchange houses in 2021, according to a report by Edgar, Dunn and Company.
For more information visit: www.alansari.ae
For media inquiries, please contact:
Juveria Samrin [email protected] 
Dana KhalafCorporate Communications and Investor RelationsAl Ansari Financial ServicesTel: (971 4) [email protected]
Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

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Artificial Intelligence

UST to Train Over 25,000 Employees in Generative AI Technologies

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Pioneering program will augment the abilities of UST’s workforce while equipping them with cutting-edge skills and knowledge
MELBOURNE, Australia, May 15, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, has launched a groundbreaking new initiative to train over 25,000 of its employees globally in Generative AI (GenAI) and provide opportunities for career advancement. This ambitious program builds on UST’s long history in artificial intelligence (AI). It underscores its commitment to comprehensive workforce training and upskilling, keeping its talented personnel future-ready and always at the cutting edge of technological innovation.

The AI training program exemplifies UST’s commitment to leveraging its considerable knowledge and expertise to maintain its leadership position in this rapidly evolving field. The program comes just months after the unveiling of UST AlphaAI, which consolidates the company’s AI offerings to enhance business agility, streamline operations, and accelerate digital transformation journeys.
UST will offer a range of GenAI training programs that are specifically tailored to its employees and their different roles and responsibilities, improving efficiency while helping each employee reach their own unique potential. The comprehensive training program will build upon insights gained through UST’s rich history of collaboration and partnership with distinguished AI researchers from renowned academic institutions such as the MIT Computer Science & Artificial Intelligence Laboratory and the Stanford Artificial Intelligence Laboratory. This legacy of close collaboration with leading researchers will help UST expand on its culture of continuous learning by bringing the latest academic breakthroughs to its workforce.
“Our comprehensive GenAI training initiative will set a new industry standard and bring over 25,000 employees up to speed on everything from foundational GenAI concepts to cutting-edge applications. Adaptable and customizable for each participant, the flexible training program provides hands-on experience with industry-leading tools and platforms like GitHub Copilot, setting our employees up for future success by ensuring that they can apply GenAI capabilities across diverse domains,” said Sunil Balakrishnan, Chief Values Officer and Global Head – Development Centre Operations, UST.
“At UST, we recognize that the key to staying competitive in today’s fast-paced digital landscape lies in the continuous upskilling of our workforce. As GenAI continues to revolutionize industries and transform business operations, we remain dedicated to equipping our employees with the tools and knowledge they need to leverage these cutting-edge technologies effectively,” said Dr. Adnan Masood, Chief AI Architect, UST.
This pioneering GenAI training initiative exemplifies UST’s commitment to fostering a dynamic, future-ready workforce that remains at the forefront of GenAI advancements. By further augmenting the talents of UST employees, the training program will drive innovation and create a meaningful impact for clients and partners alike.
About UST
For more than 24 years, UST has worked side by side with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients’ organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.
Media Contacts, UST:Tinu Cherian Abraham+1 (949) 415-9857
Merrick Laravea+1 (949) 416-6212
Neha Misri+91-9284726602
Roshni Das K+91 [email protected]
Media Contacts, India:Adfactors [email protected]
Media Contacts, U.S.:S&C [email protected]
[email protected]
Media Contacts, U.K.:FTI [email protected]
Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg
 

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Artificial Intelligence

Wondershare showcases its Enterprise Solution Excellence at VivaTech 2024 in Paris

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VANCOUVER, BC, May 14, 2024 /PRNewswire/ — Wondershare, a leading developer of creative and productivity software solutions, today announced its participation in VivaTech 2024, Europe’s biggest technology and startup event,. Wondershare is set to demonstrate its unwavering dedication to small and medium-sized businesses (SMBs) and corporate clients at VivaTech 2024. The event will take place from May 22nd to 25th, 2024, at Hall One-M14, Paris Expo Porte de Versailles.

Under the theme “Get Work Done Fast and Unleash Furious Creativity” Wondershare will unveil the latest version of its flagship creative and productivity suite, featuring Filmora, PDFelement, and Edraw.
Wondershare’s commitment to excellence is further underscored by the recent accolades received by PDFelement and HiPDF, with 58 G2 Awards, including the prestigious Leaders award and Highest Users Adoption recognition.
Meanwhile, Filmora has launched a new desktop update, enhancing user experience with key UI/UX improvements and intelligent color grading options. This update includes hundreds of filters and LUTs, catering to marketers, educators, and creators of all levels. By integrating Microsoft AI by adding the personal speech feature in, Filmora will continuously bring in surprises to the esteemed users.
Additionally, Wondershare Edraw continues to uphold its reputation by introducing EdrawMax’s new AI-native page for instant diagram creation. Users can input text and receive a diagram in 10 seconds that can be downloaded and edited for customization. Meanwhile, EdrawMax has expanded to include 24 AI diagram types, such as flowcharts, mind maps, timelines, and more.
“As VivaTech 2024 approaches, we eagerly anticipate showcasing our latest innovations. We extend a warm welcome to our prestigious clients and users to visit our booth. It’s a prime opportunity to experience firsthand how our products can revolutionize workflows and unleash your full potential.” – Iris L, PR Director at Wondershare.
For media inquiries, please contact [email protected].
For more information about Wondershare, please visit Wondershare.
About Wondershare
As a renowned global leader in creativity and productivity solutions, Wondershare is dedicated to making cutting-edge technology accessible to everyone, fostering increased efficiency and creativity. Our commitment to excellence has been recognized through prestigious accolades from organizations like The Shorty Awards, G2, and GetApp. With a user base spanning over 100 million individuals across 150 countries, we offer diverse software solutions encompassing video editing, PDF manipulation, data recovery, diagram creation, graphic design, and more.
Photo – https://mma.prnewswire.com/media/2411932/WONDERSHARE.jpg
Logo – https://mma.prnewswire.com/media/1274391/wondershare_LOGO.jpg

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