FEATURED COMPANIES
- Accenture PLC
- CA Technologies
- Dell EMC
- IBM Corporation
- Microsoft Corporation
Growing adoption of high-end technologies such as cloud platform, Big Data analytics, Internet of Things, Internet of Everything, Machine Learning, etc. is a key factor driving market growth
Market Size - USD 469.71 Billion in 2020, Market Growth - CAGR of 16.1%, Market Trends - Increasing adoption of connected devices, and initiatives by government of various countries to adopt digital payment methods.
The global digital transformation market size is expected to reach 1,560.53 Billion in 2028, and register a CAGR of 16.1% during the forecast period. Rapid digitalization globally shifting approach towards modernized business functioning set-up, rising need for Big Data analysis in various sectors for analyzing customer data and offering enhanced products and services are factors driving growth of the global digital transformation market.
Rapidly growing electronics industry, especially in developing countries in Asia Pacific, increasing sales of consumer electronics such as personal computers laptops, smartphones, tablets, etc. is further supporting growth of the global digital transformation market. Rising trend of Bring Your Own Device concept, as well as recent outbreak of COVID-19 are resulting in digitalization of operations. These major trends are gaining traction, thereby driving market growth. However, high cost required for digitalization, possibilities of security breaches are factors that could restrain market growth to some extent.
Some Key Findings From the Report:
For the purpose of this report, the global digital transformation market is segmented on the basis of component, technology, business function, deployment mode, organization size, end-use industry, and region:
Component Outlook
Technology Outlook
Business Function Outlook
Deployment Mode Outlook
Organization Size Outlook
End Use Industry Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 469.71 Billion in 2020, Market Growth - CAGR of 16.1%, Market Trends - Increasing adoption of connected devices, and initiatives by government of various countries to adopt digital payment methods.
The global digital transformation market size is expected to reach 1,560.53 Billion in 2028, and register a CAGR of 16.1% during the forecast period. Rapid digitalization globally shifting approach towards modernized business functioning set-up, rising need for Big Data analysis in various sectors for analyzing customer data and offering enhanced products and services are factors driving growth of the global digital transformation market.
Rapidly growing electronics industry, especially in developing countries in Asia Pacific, increasing sales of consumer electronics such as personal computers laptops, smartphones, tablets, etc. is further supporting growth of the global digital transformation market. Rising trend of Bring Your Own Device concept, as well as recent outbreak of COVID-19 are resulting in digitalization of operations. These major trends are gaining traction, thereby driving market growth. However, high cost required for digitalization, possibilities of security breaches are factors that could restrain market growth to some extent.
Some Key Findings From the Report:
- Among the component segments, the solution segment accounted for the largest revenue share of 64.4% in 2020. The services segment is expected to register the highest revenue growth rate during the forecast period.
- Among the end-use industry segments, the BFSI segment accounted for major revenue share in 2020. Increasing use of smartphones and Internet for Internet banking, and online transactions is expected to drive revenue growth of the BFSI segment
- North America market accounted for the largest revenue share in the global digital transformation market in 2020, due to high use of Internet and online payment methods, strong presence of major players in countries in the region.
- The Asia Pacific market size was USD 98.64 Billion in 2020, due to rapid digitalization in the region, Government initiatives to promote use of digital platforms, and rising adoption of cloud services.
- Key players profiled in the report include IBM Corporation, Microsoft Corporation, SAP, Dell EMC, Google, Accenture PLC, CA Technologies, Cognizant, Adobe Systems, Oracle Corporation, Hewlett Packard Enterprise, HCL Technologies, TIBCO Software, Marlabs, and Equinix have been profiled in the report. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global digital transformation market is segmented on the basis of component, technology, business function, deployment mode, organization size, end-use industry, and region:
Component Outlook
- Solution
- Services
- Professional Services
- Managed Services
Technology Outlook
- Cloud Computing
- Big Data & Analytics
- Mobility/Social Media
- Cybersecurity
- Artificial Intelligence
- Internet of Things
- Others
Business Function Outlook
- Customer Transformation
- Workforce Transformation
- Product Transformation
- Others
Deployment Mode Outlook
- Cloud
- On Premise
Organization Size Outlook
- Large Enterprise
- Medium Scale Enterprise
- Small Scale Enterprise
End Use Industry Outlook
- BFSI
- Government
- Healthcare
- IT & Telecom
- Manufacturing
- Retail
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Digital Transformation Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of all the major players in the Digital Transformation Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
FEATURED COMPANIES
- Accenture PLC
- CA Technologies
- Dell EMC
- IBM Corporation
- Microsoft Corporation
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Digital Transformation Market Segmentation & Impact Analysis
Chapter 5. Digital Transformation By Component Insights & Trends
Chapter 6. Digital Transformation By Technology Insights & Trends
Chapter 7. Digital Transformation By Business Function Insights & Trends
Chapter 8. Digital Transformation By Deployment Mode Insights & Trends
Chapter 9. Digital Transformation By Organization Size Insights & Trends
Chapter 10. Digital Transformation By End Use Industry Insights & Trends
Chapter 11. Digital Transformation Market Regional Outlook
Chapter 12. Competitive Landscape
Chapter 13. Company Profiles
- IBM Corporation
- Microsoft Corporation
- SAP
- Dell EMC
- Accenture PLC
- CA Technologies
- Cognizant
- Adobe Systems
- Oracle Corporation
- Hewlett Packard Enterprise
- HCL Technologies
- TIBCO Software
- Marlabs
- Equinix
