Digital Transformation Market is accelerated by internet of thing (IOT) and cloud computing

Digital Transformation Market is anticipated to grow at 19.25% CAGR in the forecast period of 2019-2026 accounting an outstanding estimated value of USD 1223.97 billion by 2026. Market analysis report of market reflects that escalating penetration of IoT, swift acceptance of cloud computing services, digital competence among business enterprises for providing better and advanced customer experience are growth driving factor for the forecast period.

Digital transformation market has shown a significant adoption rate and preferences in the North America. Increasing penetration of smartphones, apps, and AI integration in the technologies are the reasons which are expected to further enhance the adoption and demand rate of digital transformation market.

Digital Transformation Market Scenario

According to Data Bridge Market Research the digital transformation market is facing high demand in the market because of increasing adoption of cloud segments which is low cost input and easy to deploy. Emerging small organizations have started implementing cloud based digital transformation services with greater frequency, thus expected to enhance the market growth in the forecasted period.

Now the question is which are the other sectors digital transformation service vendors shall target in industry? Data Bridge Market Research has forecasted upsurge in demand of mobile phones and accelerating usage of internet of thing (IoT) based products which will help in attaining better volume of revenue generation.

Advancement is education sector such as digital channels for learning are seeking market attention. Impedance of digital era will deliver a higher rate of profit in the education field by lowering down the dependency on print media.

The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the digital transformation market.

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Recent Innovations in Digital Transformation Market in 2019

  • In September 2019, Oracle & Deloitte collaborated to assists clients with digital transformation. The prime focus of partnership is to create customer friendly digital service interface which is shielded from the cyber breach. This advancement is all possible because of skyrocketing digital transformation influence in business sector.
  • In August 2019, Tech Mahindra and Adjoint partnered to manifest industry’s first Blockchain solution for safe and secure cooperative banking administration. This measure will aid in saving up to 4 million USD against expenditure of one billion USD implemented in governing financial threats.

Scope of the Digital Transformation Market

Digital transformation market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

All country based analysis of the digital transformation market is further analyzed based on maximum granularity into further segmentation. On the basis of component type the market is segmented in to solution and services. On the basis of deployment type, the market is segmented into on-premise and cloud. On the basis of end user, the market is fragmented into small & medium businesses (SMBS) and enterprises. On the basis of  vertical banking, the market can be divided into financial services & insurance (BFSI), healthcare, telecommunication & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, government, and others services such as training, maintenance, consulting. Segmentation by technology are based on industrial robotics, internet of things, 3d printing manufacturing, advanced Human Machine Interface (HMI), big data and analytics, machine learning and artificial intelligence, cybersecurity,  and others.

Digital transformation means application of digital technology in varied areas of trade and enterprises to provide solution against arising problems. This germinates another horizon to run a technology based enterprise and earn valuable client base. Which helps and promote organizations to walk hand in hand with advancing technologies and how there implementation can revive the growth and corresponding rate of profit.  Digital transformation aids in expanding business reach and serve huge volume of headcounts effortlessly.

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Key Pointers Covered in the Digital Transformation Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Shares In Different Regions
  • Recent Developments for Market Competitors
  • Market  Upcoming Applications
  • Market  Innovators Study

Key Market Competitors Covered in the report

  • Cognizant
  • Dell Inc.
  • Microsoft,
  • Adobe
  • Accenture
  • Capgemini
  • IBM Corporation
  • Oracle
  • Google
  • Hewlett Packard Enterprise Development LP
  • Broadcom
  • EMC Corporation
  • PwC
  • Deloitte
  • SAP SE
  • Siemens

Above are the key players covered in the report to know about more and exhaustive list of digital transformation companies’ contact us

Research Methodology of Global Digital Transformation Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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