Digital Transformation Market by Component (Solution (Cloud Computing, Big Data & Analytics, Mobility, Disruptive Technologies, and Social Media) & Service), End User, Deployment Type (On-premise & Cloud), Vertical & Region - Global Forecast to 2022

  • ID: 4397072
  • Report
  • Region: Global
  • 135 Pages
  • Markets and Markets
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The Digital Transformation Market is Projected to Grow from USD 205.99 Billion in 2017 to USD 493.39 Billion By 2022, at a CAGR of 19.1%

FEATURED COMPANIES

  • Accenture Plc
  • CA Technologies
  • Capgemini
  • Cognizant
  • Dell Emc
  • Google Inc.
  • MORE

“Innovation in businesses and changing customer preferences expected to drive the digital transformation market”

Factors such as innovation in businesses, changing customer preferences, the rapid proliferation of mobile devices & apps, increasing penetration of IoT, and growing adoption of the cloud platform are expected to drive the digital transformation market. Security and privacy concerns for confidential data can restrain the growth of the market.

“Based on component, the solution segment is estimated to lead the digital transformation market in 2017”

Based on component, the solution segment is estimated to lead the digital transformation market in 2017. The growth of this segment can be attributed to the increasing need for cloud computing, big data & analytics, mobility, disruptive technology, and social media.

“Based on deployment type, the cloud segment is estimated to lead the digital transformation market in 2017”

Based on deployment type, the cloud segment is estimated to lead the digital transformation market in 2017 due to easy deployment, low deployment cost, and easy upgradeability and accessibility. The cloud-based deployment type enables easy access to data from desktops or any mobile device and provides various cost-saving benefits.

“Based on end user, the enterprises segment is estimated to lead the digital transformation market in 2017”

Based on end user, the enterprises segment is estimated to lead the digital transformation market in 2017, as enterprises increasingly opt for digital transformation solutions to improve their business process model and enhance their revenue.

“Based on vertical, the BFSI segment is estimated to lead the digital transformation market in 2017”

Based on end user, the BFSI (banking, financial services & insurance) segment is estimated to lead the digital transformation market in 2017. The BFSI vertical incorporates high-end digital technology to make transactions secure, simple, and error free. Furthermore, the development of financial services and technologies, such as mobile banking applications, omnichannel banking, and digital banking analytics enables customers to streamline and automate digital banking operations, thus leading to the increased adoption of digital transformation in the BFSI sector.

“The Asia Pacific digital transformation market is projected to grow at the highest CAGR during the forecast period”

The digital transformation market has been studied for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific region has been widely implementing digital transformation solutions to significantly to improve and streamline business processes and facilitate informed business decision making. Rising number of mobile device users, increasing use of social media analytics, and growing online commerce are some of the factors expected to fuel the growth of the digital transformation market in this region

In-depth interviews were conducted with chief executive officers, marketing directors, innovation & technology directors, and executives from various key organizations operating in the digital transformation marketplace.

  • By Company Type: Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%
  • By Designation: C-Level: 35%, Director Level: 40%, and Others: 25%
  • By Region: North America: 42%, Europe: 25%, Asia Pacific: 23%, and RoW: 10%

Key vendors profiled in the report are as follows:
1. Cognizant (US)
2. SAP (Germany)
3. Dell EMC (US)
4. Microsoft (US)
5. Adobe Systems (US)
6. Accenture (Ireland)
7. Capgemini (France)
8. IBM (US)
9. Oracle (US)
10. Google (US)
11. HPE (US)
12.  CA Technologies (US)

Research Coverage:

The digital transformation market has been segmented on the basis of component, deployment type, end user, vertical, and region. Based on component, the digital transformation market has been segmented into solution and service. The solution segment has been further subsegmented into cloud computing, big data & analytics, mobility, disruptive technology, and social media; and the service subsegmented into professional services and system integration. Based one deployment type, the market has been segmented into on-premise and cloud. Based on end user, the market has been segmented into enterprises and SMBs. Based on vertical, the market has been segmented into BFSI (banking, financial services & insurance), healthcare, telecom & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, government, and others (transportation, defense, aviation, and hospitality). The digital transformation market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Key Benefits of Buying the Report:

The report will help market leaders and new entrants in the digital transformation market in the following ways:

The report will help market leaders/new entrants in this market by providing them the closest approximations of revenues of the digital transformation market and its subsegments. This report will also help stakeholders better understand the competitor landscape, gain more insights to better position their businesses, and implement suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Accenture Plc
  • CA Technologies
  • Capgemini
  • Cognizant
  • Dell Emc
  • Google Inc.
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Microquadrant Methodology
2.4 Research Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Digital Transformation Market
4.2 Digital Transformation Market, By Component
4.3 Digital Transformation Market, By Deployment Type
4.4 Digital Transformation Market, By Solution & Region
4.5 Digital Transformation Market, By Region

5 Market Overview And Industry Trends
5.1 Introduction
5.2 Architecture
5.3 Use Cases
5.3.1 Banking Financial Services & Insurance (Bfsi)
5.3.2 Healthcare
5.3.3 Retail 
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Innovation in Business And Changing Customer Preferences
5.4.1.2 Rapid Proliferation of Mobile Devices And Apps
5.4.1.3 Increasing Penetration of Iot And Adoption of the Cloud Platform
5.4.2 Restraints
5.4.2.1 Security And Privacy Concerns for Confidential Data
5.4.3 Opportunities
5.4.3.1 Increasing Role of Artificial Intelligence (Ai)
5.4.3.2 Focus On Collaboration Among Departments
5.4.4 Challenges
5.4.4.1 Lack of Digital Skills And Resources

6 Digital Transformation Market Analysis, By Component
6.1 Introduction
6.2 Solution
6.2.1 Cloud Computing
6.2.2 Big Data & Analytics
6.2.3 Mobility
6.2.4 Disruptive Technology
6.2.4.1 Internet of Things (Iot)
6.2.4.2 Blockchain Technology
6.2.4.3 Artificial Intelligence (Ai)
6.2.5 Social Media
6.3 Service
6.3.1 Professional Services
6.3.2 System Integration

7 Digital Transformation Market, By Deployment Type
7.1 Introduction
7.2 On-Premise
7.3 Cloud

8 Digital Transformation Market, By End User
8.1 Introduction
8.2 Small & Medium Businesses (Smbs)
8.3 Enterprises

9 Digital Transformation Market, By Vertical
9.1 Introduction
9.2 Banking Financial Services & Insurance (Bfsi)
9.3 Healthcare
9.4 Telecommunication & It
9.5 Automotive
9.6 Education
9.7 Retail & Consumer Goods
9.8 Media & Entertainment
9.9 Manufacturing
9.10 Government
9.11 Others

10 Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 Us
10.2.2 Canada
10.3 Europe
10.3.1 Uk
10.3.2 Germany
10.4 Asia Pacific (Apac)
10.4.1 China
10.4.2 India
10.5 Middle East And Africa (Mea)
10.6 Latin America

11 Competitive Landscape
11.1 Microquadrant Overview
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Competitive Benchmarking
11.2.1 Strength of Product Portfolio in the Digital Transformation Market (For All 25 Players)
11.2.2 Business Strategy Excellence in the Digital Transformation Market (For All 25 Players)
 
12 Company Profiles
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
12.1 Cognizant
12.2 Sap Se
12.3 Dell Emc
12.4 Microsoft Corporation
12.5 Adobe Systems Incorporated
12.6 Accenture Plc
12.7 Capgemini
12.8 Ibm Corporation
12.9 Oracle Corporation
12.10 Google Inc.
12.11 Hewlett Packard Enterprise
12.12 Ca Technologies
12.13 Key Innovators
*Details On Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Industry Excerpts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Introducing Rt: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables:
Table 1 Digital Transformation Market Size, By Component,2015-2022 (USD Billion)
Table 2 Solution: Digital Transformation Market Size, By Type,2015-2022 (USD Billion)
Table 3 Solution: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 4 Cloud Computing: Solution Segment, By Region, 2015-2022 (USD Billion)
Table 5 Big Data & Analytics: Solution Segment, By Region,2015-2022 (USD Billion)
Table 6 Mobility: Solution Segment, By Region, 2015-2022 (USD Billion)
Table 7 Disruptive Technology: Solution Segment, By Region,2015-2022 (USD Billion)
Table 8 Social Media: Solution Segment, By Region, 2015-2022 (USD Billion)
Table 9 Service: Digital Transformation Market Size, By Type,2015-2022 (USD Billion)
Table 10 Service: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 11 Professional Services: Service Segment, By Region,2015-2022 (USD Billion)
Table 12 System Integration: Service Segment, By Region,2015-2022 (USD Billion)
Table 13 Digital Transformation Market Size, By Deployment Type,2015-2022 (USD Billion)
Table 14 On-Premise: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 15 Cloud: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 16 Digital Transformation Market Size, By End User,2015-2022 (USD Billion)
Table 17 Small & Medium Businesses (Smbs): Digital Transformation Market Size, By Region, 2015-2022 (USD Billion)
Table 18 Enterprises: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 19 Digital Transformation Market Size, By Vertical,2015-2022 (USD Billion)
Table 20 Banking Financial Services & Insurance (Bfsi): Digital Transformation Market Size, By Region, 2015-2022 (USD Billion)
Table 21 Healthcare: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 22 Telecommunication & It: Digital Transformation Market Size, By Region, 2015-2022 (USD Billion)
Table 23 Automotive: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 24 Education: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 25 Retail & Consumer Goods: Digital Transformation Market Size,By Region, 2015-2022 (USD Billion)
Table 26 Media & Entertainment: Digital Transformation Market Size, By Region, 2015-2022 (USD Billion)
Table 27 Manufacturing: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 28 Government: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 29 Others: Digital Transformation Market Size, By Region,2015-2022 (USD Billion)
Table 30 Digital Transformation Market Size, By Region, 2015-2022 (USD Billion)
Table 31 North America Digital Transformation Market Size, By Component, 2015-2022 (USD Billion)
Table 32 Solution: North America Digital Transformation Market, By Type,2015-2022 (USD Billion)
Table 33 Service: North America Digital Transformation Market Size, By Type, 2015-2022 (USD Billion)
Table 34 North America Digital Transformation Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 35 North America Digital Transformation Market Size, By End User,2015-2022 (USD Billion)
Table 36 North America Digital Transformation Market Size, By Vertical,2015-2022 (USD Billion)
Table 37 Europe Digital Transformation Market Size, By Component,2015-2022 (USD Billion)
Table 38 Solution: Europe Digital Transformation Market Size, By Type,2015-2022 (USD Billion)
Table 39 Service: Europe Digital Transformation Market Size, By Type,2015-2022 (USD Billion)
Table 40 Europe Digital Transformation Market Size, By Deployment Type,2015-2022 (USD Billion)
Table 41 Europe Digital Transformation Market Size, By End User,2015-2022 (USD Billion)
Table 42 Europe Digital Transformation Market Size, By Vertical,2015-2022 (USD Billion)
Table 43 Asia Pacific Digital Transformation Market Size, By Component,2015-2022 (USD Billion)
Table 44 Solution: Asia Pacific Digital Transformation Market Size, By Type, 2015-2022 (USD Billion)
Table 45 Service: Asia Pacific Digital Transformation Market Size, By Type,2015-2022 (USD Billion)
Table 46 Asia Pacific Digital Transformation Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 47 Asia Pacific Digital Transformation Market Size, By End User,2015-2022 (USD Billion)
Table 48 Asia Pacific Digital Transformation Market Size, By Vertical,2015-2022 (USD Billion)
Table 49 Middle East And Africa Digital Transformation Market Size,By Component, 2015-2022 (USD Billion)
Table 50 Solution: Middle East And Africa Digital Transformation Market Size, By Type, 2015-2022 (USD Billion)
Table 51 Service: Middle East And Africa Digital Transformation Market Size,By Type, 2015-2022 (USD Billion)
Table 52 Middle East And Africa Digital Transformation Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 53 Middle East And Africa Digital Transformation Market Size, By End User, 2015-2022 (USD Billion)
Table 54 Middle East And Africa Digital Transformation Market Size, By Vertical, 2015-2022 (USD Billion)
Table 55 Latin America Digital Transformation Market Size, By Component, 2015-2022 (USD Billion)
Table 56 Solution: Latin America Digital Transformation Market Size, By Type, 2015-2022 (USD Billion)
Table 57 Latin America Digital Transformation Market Size, By Service, 2015-2022 (USD Billion)
Table 58 Latin America Digital Transformation Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 59 Latin America Digital Transformation Market Size, By End User, 2015-2022 (USD Billion)
Table 60 Latin America Digital Transformation Market Size, By Vertical, 2015-2022 (USD Billion)
Table 61 Market Ranking for the Digital Transformation Market, 2017

List of Figures:
Figure 1 Digital Transformation Market: Research Design
Figure 2 Breakdown of Primary Interview: By Company Type, Designation, And Region
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Microquadrant Matrix: Criteria Weightage
Figure 7 Assumptions
Figure 8 Based On Component, the Solution Segment is Expected to Be a Larger Segment of the Digital Transformation Market in 2017
Figure 9 Based On Deployment Type, the Cloud Segment is Projected to Grow at a Higher CAGR During the Forecast Period
Figure 10 Based On Vertical, the Education Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 North America is Estimated to Be the Largest Market for Digital Transformation Market in 2017
Figure 12 Changing Customer Preferences Are Expected to Drive the Digital Transformation Market During the Forecast Period
Figure 13 Based On Component, the Service Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Based On Deployment Type, the Cloud Segment is Expected to Be a Larger Segment of the Market By 2022
Figure 15 North America is Estimated to Lead the Digital Transformation Market in 2017
Figure 16 Asia Pacific Digital Transformation Market is Projected to Grow at the Highest CAGR from 2017 to 2022
Figure 17 Digital Transformation Market Architecture
Figure 18 Drivers, Restraints, Opportunities, And Challenges in the Digital Transformation Market
Figure 19 the Service Segment of the Digital Transformation Market is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 20 the Cloud Segment of the Digital Transformation Market is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 21 the Small & Medium Businesses (Smbs) Segment of the Digital Transformation Market is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 22 Education Vertical of Digital Transformation Market, is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Estimated to Lead the Digital Transformation Market from 2017 to 2022
Figure 24 Geographic Snapshot: the Digital Transformation Market in Asia Pacific is Estimated to Grow at the CAGR During Forecast Period
Figure 25 North America Digital Transformation Market Snapshot
Figure 26 Asia Pacific Digital Transformation Market Snapshot
Figure 27 Digital Transformation Market: Competitive Leadership Mapping, 2017
Figure 28 Cognizant: Company Snapshot
Figure 29 Sap Se: Company Snapshot
Figure 30 Microsoft Corporation: Company Snapshot
Figure 31 Adobe Systems Incorporated: Company Snapshot
Figure 32 Accenture Plc: Company Snapshot
Figure 33 Capgemini: Company Snapshot
Figure 34 Ibm Corporation: Company Snapshot
Figure 35 Oracle Corporation : Company Snapshot
Figure 36 Google Inc.: Company Snapshot
Figure 37 Hewlett Packard Enterprise: Company Snapshot
Figure 38 Ca Technologies : Company Snapshot

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FEATURED COMPANIES

  • Accenture Plc
  • CA Technologies
  • Capgemini
  • Cognizant
  • Dell Emc
  • Google Inc.
  • MORE

The global digital transformation market is projected to grow from USD 205.99 Billion in 2017 to USD 493.39 Billion by 2022, at a CAGR of 19.1% from 2017 to 2022. Growing innovation in businesses, changing customer preferences, the rapid proliferation of mobile devices & apps, increasing penetration of IoT, and rising adoption of the cloud platform are some of the major factors driving the digital transformation market. The market has been segmented based on component, deployment type, end user, vertical, and region.

Based on component, the market has been classified into solution and service. The solution segment has been further segmented into cloud computing, big data & analytics, mobility, disruptive technology, and social media. The service segment has been further segmented into system integration and professional services. The service segment is expected to grow at a higher CAGR than the solution segment during the forecast period. Based on deployment type, the market has been segmented into cloud and on-premise. The cloud segment is estimated to account for a larger market share than the on-premise segment in 2017 and is also projected to register a higher CAGR during the forecast period. End users of digital transformation solutions and services include SMBs and enterprises. The SMBs segment is expected to register a higher CAGR than the enterprises segment during the forecast period. The verticals that use digital transformation solutions and services include BFSI (banking, financial services & insurance), healthcare, telecom & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, and government.

The geographical analysis of the digital transformation market includes regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The Asia Pacific digital transformation market is projected grow at the highest CAGR during the forecast period. Presence of emerging economies and government initiatives pertaining to the adoption of digital transformation solutions and services in the public sector are expected to fuel the market’s growth in this region. The presence of various developed as well as emerging economies, such as Japan, Singapore, Australia, India, and China, has made Asia Pacific a lucrative market for the IT industry. Furthermore, in this region, digital transformation solutions and services are increasingly used by companies to improve and streamline business processes and to facilitate informed business decision making.

One of the major factors restraining the growth of the market is the security and privacy concerns for confidential data. Security is a major issue while executing digital enablement technologies, thus endangering the success of digitization. As IoT becomes more widespread, organizations will increasingly require more robust security and privacy to prevent breaches. With the growing number of IoT-enabled systems, the number of security and privacy issues will also increase, and every endpoint, gateway, sensor, and smartphone will become a potential target for hackers. Furthermore, organizational data can be easily accessed on the go with the help of BYOD devices, such as smartphones, tablets, phablets, and laptops. The middleware application makes these devices portable, thereby making them vulnerable to loss of physical control and network security breaches. Using a portable device can increase the risk of data loss and exposure of data and device through network-based attacks to-and-from any system the device is connected to.

Key players in the digital transformation market include Cognizant (US), SAP (Germany), Dell EMC (US), Microsoft (US), Adobe Systems (US), Accenture (Ireland), Capgemini (France), IBM (US), Oracle (US), Google (US), HPE (US), and CA Technologies (US). These companies focus on growth strategies, such as partnerships, collaborations, contracts, mergers & acquisitions, new product launches, and business expansions to increase their market share in the digital transformation market.

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  • Accenture Plc
  • Adobe Systems Incorporated
  • CA Technologies
  • Capgemini
  • Cognizant
  • Dell Emc
  • Google Inc.
  • Hewlett Packard Enterprise
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • Sap Se
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