Digital Transformation Market Analysis and Demand with Future Forecast to 2025
The global digital transformation market is expected to grow from US$ 445.4 Mn in 2017 to US$ 2,279.4 Mn by 2025 at a CAGR of 24.3% between 2018 and 2025.
Space for implementation across SMEs provides significant opportunity to the players in the value chain and increasing adoption of digital solutions by different industry verticals offers huge scope to the digital transformation market to expand are providing significant opportunities for the providers of digital transformation to increase the market share in the regions. With the increasing global competition, business are ensuring their digital presence and are efficiently utilizing digital technology to sustain in the market. Organizations in the present era, regardless of their size, are exploiting digital technologies for effective functioning and cost reduction. Also, the implementation of digital solutions is gaining pace across various industries including manufacturing, healthcare, automotive, BFSI, media & entertainment and retail among others. These industries are increasingly benefiting themselves from digital transformation. The report focuses on an in-depth segmentation of digital transformation market based by components, deployment type, and end-user.
Currently, North America is dominating the global digital transformation market in terms of installation which in turn boost the demand for digital Transformation. This is due to the reason that the region is highly advanced in terms of technology as well as economy. Also, the region is one of the early adopters of new technology in any market. Therefore, the digital transformation solution has already been adopted by most of the industry verticals in the region and is still increasing with the increase in the number of companies in the region in different verticals.
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Leading Digital Transformation Market Players:
· IBM Corporation
· Accenture PLC
· SAP SE
· Microsoft Corporation
· Oracle Corporation
· Capgemini SE
· Adobe Systems Inc.
· Google Inc.
· Dell Inc.
· Cognizant Technology Solutions Corporation
The deployment type of the digital transformation includes cloud and on-premise. In 2017, on-premise holds the largest market share in the digital transformation market. This is due to the reason that many of the company don’t prefer giving their personal data to other organizations for the digital transformation. Also, data of some of the industry vertical such as government and public sector organizations, and BFSI is highly secured and can’t be transferred to any of the outer organizations. Therefore, these industry verticals opt for on-premise digital transformation in which the software and hardware are implemented in the organization and everything is observed and governed under the client organization.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Digital Transformation Market based on product and application. It also provides market size and forecast till 2025 for overall Digital Transformation Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
Also, key Digital Transformation Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
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