Global Digital Transformation Market Report By Solution (Big Data & Analytics, Artificial Intelligence (AI), Cyber Security, Cloud Computing, Mobility, Social Media, Others (Internet-of-Things (IoT), Blockchain, Business Intelligence)), By Service (Professional Services, Implementation & Integration), By Deployment (Hosted, On-premise), By Enterprise Size (Large Enterprise, Small & Medium Enterprise), By End-use (BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Retail, Others (Education, Media & Entertainment, Transportation, Travel & Hospitality)) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Digital Transformation Market is presumed to reach the market size of nearly USD 7452.05 Billion by 2032 from USD 882.56 Billion in 2023 with a CAGR of 26.75% under the study period 2024-2032.

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.

Market Dynamics

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 research 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 an inclusive assessment of each segment in the global market of Digital Transformation. The growth and trends of Digital Transformation industry provide a holistic approach to this study.

Market Segmentation

This section of the Digital Transformation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Solution

• Big Data & Analytics
• Artificial Intelligence (AI)
• Cyber Security
• Cloud Computing
• Mobility
• Social Media
• Others (Internet-of-Things (IoT), Blockchain, Business Intelligence)

By Service

• Professional Services
• Implementation & Integration

By Deployment

• Hosted
• On-premise

By Enterprise Size

• Large Enterprise
• Small & Medium Enterprise

By End-use

• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others (Education, Media & Entertainment, Transportation, Travel & Hospitality)

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Digital Transformation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments 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, Adobe Systems Inc., Broadcom Inc., Cisco Systems Inc., Dell EMC, Dempton Consulting Group, Google Inc., Happiest Minds, Hewlett Packard Enterprise Co., International Business Machines Corporation, Kellton Tech Solutions Ltd., Microsoft Corporation, Salesforce Inc., SAP SE, TIBCO Software. This section consists of 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.