Business environments and the application software industry are changing rapidly. Enterprises face increasingly difficult choices between renovating or upgrading existing solutions and investing in more agile, insightful, and cloud-based software. This report outlines Forrester's vision for the future of business applications based on trends we see playing out in business and technology. Application development and delivery (AD&D) professionals should consider these trends as they plan future investments in their business application portfolio. This report was originally published on July 17, 2015. Forrester reviews and updates it periodically for continued relevance and accuracy.