This report outlines Forrester’s vision for the future of business applications. It summarizes the key business drivers and trends that are reshaping the value proposition of business applications. Many firms recognize that they can no longer satisfy their continuously changing and growing range of requirements — at least not as quickly and cost-effectively as they require. At the same time, application delivery professionals are well aware that many of their current and vintage applications have already been extended beyond the breaking point and can ill afford any more add-ons, modifications, or patches; they urgently need modernization and transformation. Along with key drivers and trends, this report also defines a reference architecture for future business applications that application delivery teams can use as a starting point for defining their future target state. Use this report to help shape your application strategy and define your road map for implementing that strategy.