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Digital Transformation Global Market Report 2022

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    Report

  • 175 Pages
  • September 2022
  • Region: Global
  • The Business Research Company
  • ID: 5653720
Major players in the digital transformation market are Microsoft Corporation, IBM Corporation, Oracle Corporation, Google Inc., Cognizant, Accenture PLC, Dell EMC, Siemens AG, Hewlett-Packard Company, Adobe Systems Inc., Capgemini, Cognex Corporation, Deloitte, Marlabs Inc., Equinix Inc., PricewaterhouseCoopers, Apple Inc., Broadcom, CA Technologies, KELLTON TECH, International Business Machines Corporation, Hakuna Matata Solutions, ScienceSoft Inc., SumatoSoft, Space-O Technologies, HCL Technologies, and Tibco Software Inc.

The global digital transformation market is expected to grow from $944.90 billion in 2021 to $1,178.30 billion in 2022 at a compound annual growth rate (CAGR) of 24.7%. The digital transformation market is expected to grow to $2,643.53 billion in 2026 at a CAGR of 22.4%.

The digital transformation market consists of sales of digital transformation solutions by entities (organizations, sole traders, and partnerships) that are used to develop new or adapt current company processes, culture, and consumer experiences. Digital transformation is referred to as the process of using digital technology to create new or alter existing business processes, culture, and consumer experiences. It is the redesigning of business in the digital age. Cloud computing, big data & analytics, artificial intelligence, and the Internet of Things are examples of digital transformation solutions that enable traditional enterprises to optimize company operations, minimize operational efforts, and boost efficiency.

The main types of digital transformation are cloud computing, big data and analytics, artificial intelligence (AI), the internet of things (IoT), and blockchain. Cloud computing is used by various organisations with the help of digital technologies to create or modify their existing services, such as business processes. Cloud service providers provide a cloud platform on a pay-for-use basis for their clients to store business databases, which helps them in business optimization. The cloud-based server uses virtual technology to host the client's company’s application out of premises, and gives access to the client to operate a business. The various deployment modes include cloud and on-premises, which are used by large enterprises and small and medium-sized enterprises (SMEs). The various end users include BFSI, healthcare, telecom and IT, automotive, education, retail, consumer goods, media and entertainment, manufacturing, and government.

North America was the largest region in the digital transformation market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this digital transformation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The digital transformation market research report is one of a series of new reports that provides digital transformation market statistics, including digital transformation industry global market size, regional shares, competitors with a digital transformation market share, detailed digital transformation market segments, market trends and opportunities, and any further data you may need to thrive in the digital transformation industry. This digital transformation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The increasing adoption of machine learning and artificial intelligence is expected to drive the growth of the digital transformation market going forward. Digital transformation provides traditional businesses with solutions like cloud computing, big data & analytics, data management, and other advanced features such as artificial intelligence and machine learning, which help in the optimization of business operations, leading to reduced efforts in operations and increased efficiency. Thus, their usage increased in various sectors such as healthcare, banking, transportation, manufacturing, and others, increasing the demand in the digital transformation market. For instance, according to the report published by Cloudmantra, an India-based technology services company, the usage of machine learning in the Indian manufacturing industry has increased manufacturing capacity by up to 20% while reducing material usage by 4% in 2021. It also gives manufacturers the ability to control Overall Equipment Effectiveness (OEE) at the plant level, increasing OEE performance from 65% to 85%. Furthermore, according to the MIT Technology Review Insights report in 2022, approximately 60% of manufacturers are using artificial intelligence to improve daily operations, design products, and plan their future operations. Therefore, the rising adoption of machine learning and AI drives the digital transformation market.

Technological advancement in digital solutions is the key trend gaining popularity in the digital transformation market. Major companies operating in the digital transformation market are focused on developing technologically advanced products to strengthen their market position. For instance, in April 2020, Oracle Corporation, a US-based computer technology corporation and software solutions provider, built a new cloud data storage service called GoldenGate, an oracle’s cloud infrastructure software that uses real-time data analytics for the analysis of data. Real-time data analysis provides a very quick analysis of data by using different logical and mathematical operations, which helps in understanding business requirements and implementing any decision instantly. GoldenGate provides clients with a highly automated and fully managed cloud service such as database replication, analyzing real-time data, and real-time data ingestion to the cloud, which will make daily business operations easy and analyzable.

In October 2021, Accenture plc, an Ireland-based professional services company, acquired Umlaut Systems Gmbh for an undisclosed amount. Through this acquisition, Accenture plc aims to enhance its engineering capabilities to help companies use digital technologies like cloud and artificial intelligence and add leading engineers and consultants from 17 countries across the globe to Accenture’s Industry X services, which would strengthen its capabilities in industries such as automotives, aerospace and defense, energy, telecom, and utilities. Umlaut Systems Gmbh is a Germany-based custom engineering solution provider that develops organisational culture, structure, and process.

The countries covered in the digital transformation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.




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Table of Contents

1. Executive Summary2. Digital Transformation Market Characteristics3. Digital Transformation Market Trends And Strategies4. Impact Of COVID-19 On Digital Transformation
5. Digital Transformation Market Size And Growth
5.1. Global Digital Transformation Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Digital Transformation Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Digital Transformation Market Segmentation
6.1. Global Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Cloud Computing
  • Big Data and Analytics
  • Artificial intelligence (AI)
  • Internet Of Things (IoT)
  • Blockchain
6.2. Global Digital Transformation Market, Segmentation By Deployment Mode, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Cloud
  • On-Premises
6.3. Global Digital Transformation Market, Segmentation By Organization Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)
6.4. Global Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • BFSI
  • Healthcare
  • Telecom and IT
  • Automotive
  • Education
  • Retail and Consumer Goods
  • Media and Entertainment
  • Manufacturing
  • Government
  • Other End-Users
7. Digital Transformation Market Regional And Country Analysis
7.1. Global Digital Transformation Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Digital Transformation Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Digital Transformation Market
8.1. Asia-Pacific Digital Transformation Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Digital Transformation Market
9.1. China Digital Transformation Market Overview
9.2. China Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Digital Transformation Market
10.1. India Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Digital Transformation Market
11.1. Japan Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Digital Transformation Market
12.1. Australia Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Digital Transformation Market
13.1. Indonesia Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Digital Transformation Market
14.1. South Korea Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Digital Transformation Market
15.1. Western Europe Digital Transformation Market Overview
15.2. Western Europe Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Digital Transformation Market
16.1. UK Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Digital Transformation Market
17.1. Germany Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Digital Transformation Market
18.1. France Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Digital Transformation Market
19.1. Eastern Europe Digital Transformation Market Overview
19.2. Eastern Europe Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Digital Transformation Market
20.1. Russia Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Digital Transformation Market
21.1. North America Digital Transformation Market Overview
21.2. North America Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Digital Transformation Market
22.1. USA Digital Transformation Market Overview
22.2. USA Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Digital Transformation Market
23.1. South America Digital Transformation Market Overview
23.2. South America Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Digital Transformation Market
24.1. Brazil Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Digital Transformation Market
25.1. Middle East Digital Transformation Market Overview
25.2. Middle East Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Digital Transformation Market
26.1. Africa Digital Transformation Market Overview
26.2. Africa Digital Transformation Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Digital Transformation Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Digital Transformation Market Competitive Landscape And Company Profiles
27.1. Digital Transformation Market Competitive Landscape
27.2. Digital Transformation Market Company Profiles
27.2.1. Microsoft Corporation
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. IBM Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Oracle Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Google Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Cognizant
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Digital Transformation Market29. Digital Transformation Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Digital Transformation Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global digital transformation market.

This report focuses on digital transformation market which is experiencing strong growth. The report gives a guide to the digital transformation market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the digital transformation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Digital Transformation market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider digital transformation market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The digital transformation market section of the report gives context. It compares the digital transformation market with other segments of the digital transformation market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, digital transformation indicators comparison.

Scope

Markets Covered:

1) By Technology: Cloud Computing; Big Data and Analytics; Artificial intelligence (AI); Internet Of Things (IoT); Blockchain
2) By Deployment Mode: Cloud; On-premises
3) By Organization Size: Large Enterprises; Small and Medium-sized Enterprises (SMEs)
4) By End-User: BFSI; Healthcare; Telecom and IT; Automotive; Education; Retail and Consumer Goods; Media and Entertainment Manufacturing; Government; Other End-Users

Companies Mentioned: Microsoft Corporation; IBM Corporation; Oracle Corporation; Google Inc.; Cognizant

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Microsoft Corporation
  • IBM Corporation
  • Oracle Corporation
  • Google Inc.
  • Cognizant
  • Accenture PLC
  • Dell EMC
  • Siemens AG
  • Hewlett-Packard Company
  • Adobe Systems Inc.
  • Capgemini
  • Cognex Corporation
  • Deloitte
  • Marlabs Inc.
  • Equinix Inc.
  • PricewaterhouseCoopers
  • Apple Inc.
  • Broadcom
  • CA Technologies
  • KELLTON TECH
  • International Business Machines Corporation
  • Hakuna Matata Solutions
  • ScienceSoft Inc.
  • SumatoSoft
  • Space-O Technologies
  • HCL Technologies
  • Tibco Software Inc.

Methodology

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