Digital Transformation Market Trends and Industry Set For Rapid Growth with Great CAGR by Forecast 2027
Market Highlights
Market Research Future (MRFR) shed light on different
factors that are observed to regulate the Digital Transformation global Market
2020, in its report. A comprehensive analysis of consequences of COVID 19
impact on the digital transformation market is supplemented with the report.
The growing advantages of digital solutions can promote the expansion of the
digital transformation market in the years to come. As per MRFR study. The
digital transformation market is expected to rise at 18.87% CAGR in the
forecast period 2019–2025. The digital transformation market can value above
USD 250.65 Bn. MRFR estimated the market value to touch USD 817.05 Billion by
2025. The high ingression of mobile devices can promote and digital
transformation market. In addition, the rise in IT spending to employ digital
solutions for business and development in advanced communication can support
the expansion of the market through the analysis period. The availability of
reputed networking infrastructure can drive the market in the years to come. On
the other hand, the lack of skill set to develop robust digital technologies
can hinder the expansion of the digital transformation market in years to come.
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Segmentation:
The segment evaluation of the Global Digital
Transformation Market is done by Deployment, Technology, Organization Size, and
Vertical.
The Technology based segments of the Digital
Transformation Market are big data & analytics, artificial intelligence (AI),
cloud computing, blockchain, internet of things (IoT), and others.
The Deployment based segments of the Digital
Transformation Market are on-premise and on-cloud.
The Organization Size based segments of the digital
transformation market are small and medium-sized enterprises and large
enterprises.
The Vertical based segments of the digital
transformation market are IT and telecommunication, healthcare, education,
government, retail¸ BFSI, and media & entertainment among others.
Regional Analysis
The digital transformation global market is studied
across North America, APAC, EU, and MEA. North America digital transformation
market expansion can be attributed to the early adoption of technology that can
promote the expansion of the digital transformation market in the years to
come. The existence of different key developers of digital transformation
solution can impel the expansion of the market across the analysis period. The
US can thrive with the largest share of the regional market due to the
availability of highly skilled expertise Increase in research and development
capabilities can promote the expansion of the digital transformation market in
the region. The need to develop effective digital solutions and services in
these regions can impel the expansion of the market in the analysis period.
In Europe, the digital transformation market can rise
at the highest pace across the analysis period. The growing adoption of
cloud-based services and solutions due to high exposure availed by industry 4.0
can prompt the expansion of the regional market through the study period. The
increase in the adoption of mobile gadgets in workplaces can support the rise
of digital transformation market in EU. In APAC, the rise in initiative by
Governments to promote digitalization and increase in the adoption of cloud
platforms across numerous organizations are observed to drive the digital
transformation market in the years to come.
Key Players
Cisco Systems, Inc. (US), Salesforce.com, Inc. (US),
IBM Corporation (US), Accenture Plc (Ireland), Microsoft Corporation (US), SAP
SE (Germany), Equinix Inc. (US), Google (US), Dell EMC (US), Hewlett Packard
Enterprise (US), Oracle Corporation (US), Cognizant (US), Tibco Software Inc
(US), Marlabs (US), Rockwell Automation Inc. (US), CA Technologies (US), and
HCL Technologies (India) are some reputed names in the digital transformation
market as listed by MRFR.
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Global Digital Transformation Market Research Report:
by Technology (Cloud Computing, Big Data & Analytics, Artificial
Intelligence (AI), Internet of things (IoT), Blockchain), By Deployment
(On-premise and On-cloud), By Organization Size (Small and Medium-Sized
Enterprises, Large Enterprises), By Vertical (BFSI, Healthcare, IT and
Telecommunication, Government, Retail, Education and Media &
Entertainment), by Region (North America, Europe, Asia-Pacific, Middle East,
and Africa, South America) - Forecast till 2025
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