The global demand for Digital Transformation Market is presumed to reach the valuation of nearly USD XX BN by 2028 from USD XX BN in 2021 with a CAGR of XX% during the period of 2022-2028.
The term digital transformation refers to the utilization of digital technology to resolve conventional challenges and problems. The new digitalized business models support the introduction of more technologically advanced products and services. Digital transformation helps enterprises, ranging from small scale to MNCs in all sectors to upgrade their brand’s reputation, enhance customer experience, and boost customer retention ratios by implementing several sophisticated software. Also, it helps in identifying and mitigating risks, handling market fluctuations and managing disruption in geopolitical environment.
The global digital transformation market is estimated to grow by exhibiting double-digit annual growth in the future. The key driving aspect for the digital transformation market is the increased demand for industrial automation, which needs the integration of software/IT with the mechanical systems. The growth of the digital transformation market in the retail sector is significantly dependent on the revenues from cloud computing, the Internet of things, big data, artificial intelligence, and AR technologies. However, security and privacy concerns, and integration complexity may slow hold-back the growth of the digital transformation market. And, with the novel coronavirus impacting the global economy, the digital transformation market may witness unprecedented results.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of digital transformation.
The entire Digital Transformation market has been sub-categorized into type, deployment, enterprise size and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Enterprise Size
- Cloud Computing
- Social Media
- Professional Services
- Implementation & Integration
- Large Enterprise
- Small and Medium Enterprise
- IT & Telecom
This section covers regional segmentation which accentuates on current and future demand for digital transformation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Digital Transformation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the digital transformation market include Accenture plc, Apple Inc., Adobe Systems Incorporated, CA Technologies, Dell EMC, Hewlett Packard Enterprise Co., IBM Corporation, Microsoft Corporation, Kellton Tech Solutions Ltd., Google Inc., Apple Inc.. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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