Global Digital Transformation Market, By Component (Solution, Services), Deployment Model (On-Premise, Cloud), Technology (Industrial Robotics, Internet of Things, 3D Printing/Additive Manufacturing, Advanced Human Machine Interface, Big Data and Analytics, Machine Learning, Artificial Intelligence), Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises), End User (Banking Financial Services and Insurance (BFSI), Healthcare, Telecommunication and IT, Automotive, Education, Retail and Consumer Goods, Media and Entertainment, Manufacturing, Government, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Digital transformation market size is valued at USD 1,755.18 billion by 2028 is expected to grow at a compound annual growth rate of 19.75% in the forecast period of 2021 to 2028. Data Bridge Market Research report on digital transformation provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Digital transformation is usually the use of digital technology in several areas of business to resolve problems. It also changes a way, that how a business work and convey values to the customers. It also helps the business to contend better in the market by making changes as maintained by the new technologies. Digital transformation helps the corporation to reach to the large masses effortlessly.
The rising digitalizing organizational business functions to serve up changing customer preferences and enhance operational efficiency have been directly influencing the growth of digital transformation market over the forecast period of 2021 to 2028. Also rapid proliferation of mobile devices and apps is also flourishing the growth of the digital transformation market. In addition, the increasing penetration of IOT and adoption of cloud services along with easiness of access offered by blockchain and online services during COVID-19 are also positively impacting the growth of the market. Furthermore, the growing need to improve operational performance and increasing usage of smartphones, mobile devices and applications promoting digitization are also largely lifting the growth of the digital transformation market.
However, the growing security and privacy concerns for confidential data and lack of skilled personnel which are acting as the major limitations for the growth of digital transformation in the forecast period of 2021 to 2028, whereas the various issues related to IT modernization have the potential to challenge the growth of the digital transformation market.
Likewise, the high demand for personalized digital transformation as well as rising focus on collaboration among departments and increasing usage of disruptive technologies, such as machine learning, artificial intelligence and big data will further cater ample new opportunities that will lead to the growth of the digital transformation market in the above mentioned forecasted period.
This digital transformation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital transformation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Digital Transformation Market Scope and Market Size
Digital transformation market is segmented on the basis of component, deployment model, technology, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The component segment of the digital transformation market is segmented into solution and services. Solution has further been segmented into analytics, cloud computing, mobility, social media and others. Services have further been segmented into professional services and implementation and integration.
- Based on deployment model, the digital transformation market is segmented into on-premise and cloud.
- On the basis of technology, the digital transformation market is segmented into industrial robotics, internet of things, 3d printing/additive manufacturing, advanced human machine interface, big data and analytics, machine learning and artificial intelligence.
- On the basis organization size, the digital transformation market is segmented into small and medium enterprises (SMEs) and large enterprises.
- Digital transformation market is also segmented on the basis of end user into banking financial services and insurance (BFSI), healthcare, telecommunication and IT, automotive, education, retail and consumer goods, media and entertainment, manufacturing, government and others. Others have further been segmented into transportation and logistics and travel and hospitality.
Digital Transformation Market Country Level Analysis
Digital transformation market is analyzed and market size, volume information is provided by country, component, deployment model, technology, organization size and end user as referenced above.
The countries covered in the digital transformation market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
North America leads the digital transformation market due to the growing penetration of the internet, increasing use of different types of online payment modes, particularly in the retail sector and strong presence of many digital transformation solution providers in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the rising awareness regarding the benefits of switching to the cloud along with rapid swift technological advancements in the region.
The country section of the digital transformation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Transformation Market Share Analysis
Digital transformation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital transformation market.
The major players covered in the digital transformation market report are Cognizant, Dell Inc., Microsoft, Adobe, Marlabs Inc., Accenture, Capgemini, IBM, KELLTON TECH, Oracle, Google, Hewlett Packard Enterprise Development LP, Apple Inc., Broadcom, PwC, Equinix, Inc., Deloitte, Cognex Corporation, SAP SE, and Siemens among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Digital Transformation Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.