The digital transformation market is expected to grow from US$ 445.4 Mn in 2017 to US$ 2,279.4 Mn by 2025 at a CAGR of 24.3% between 2018 and 2025.
Space for implementation across SMEs provides significant opportunity to the players in the value chain and increasing adoption of digital solutions by different industry verticals offers huge scope to the digital transformation market to expand are providing significant opportunities for the providers of digital transformation to increase the market share in the regions. With the increasing global competition, business are ensuring their digital presence and are efficiently utilizing digital technology to sustain in the market. Organizations in the present era, regardless of their size, are exploiting digital technologies for effective functioning and cost reduction. Also, the implementation of digital solutions is gaining pace across various industries including manufacturing, healthcare, automotive, BFSI, media & entertainment and retail among others. These industries are increasingly benefiting themselves from digital transformation. The report focuses on an in-depth segmentation of digital transformation market based by components, deployment type, and end-user.
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The List of Companies
- IBM Corporation
- Accenture PLC
- SAP SE
- Microsoft Corporation
- Oracle Corporation
- Capgemini SE
- Adobe Systems Inc.
- Google Inc.
- Dell Inc.
- Cognizant Technology Solutions Corporation
Digital transformation is the change associated with the application of the digital technology in all the aspects of the human society. This enables new types of innovations and creativity in specific domains rather than simply enhancing and supporting traditional methods. Currently, digital transformation is being highly adopted by different industry verticals in all the regions. Especially, in North America, the adoption or shifting of the industry verticals towards digital transformation is very high as compared to every other region.
Digital transformation solutions helping the companies to reach out to large masses is one of the major factor that will drive the growth of the market. Also, constantly evolving customer experiences encourage the companies to adopt digital solutions. However, issues related to the security and privacy affects the adoption of the digital solutions by major industry verticals. Moreover, factors such as Space for implementation across SMEs provides significant opportunity to the players in the value chain, and Increasing adoption of digital solutions by different industry verticals offers huge scope to the market to expand is expected to generate remarkable opportunities to the industry players in the future.
Global Digital Transformation Market Segmentation
By Components
Solution
- Mobility
- Big Data & Analytics
- Artificial Intelligence
- IoT
- Others
Services
- Professional Services
- Managed Services
By Deployment Type
- Cloud
- On-Premise
By End-User
- BFSI
- Healthcare
- Education
- Retail
- IT & Telecom
- Logistics & Transportation
- Manufacturing
- Others
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