Digital Transformation Market to reach USD 2263.45 Bn by 2029, emerging at a CAGR of 23.6% percent and forecast 2023-2029
Businesses do not choose to transform because it is costly and hazardous. Businesses undergo change when they fail to evolve. Businesses may be drawn to digital transformation for a variety of reasons. However, the most crucial factor is that they must survive and flourish in this vast market among competitors. To satisfy changing company and market requirements, digital transformation is required to establish new or adapt existing business processes, culture, and customer experiences. It extends beyond typical jobs such as sales, marketing, and customer service. The way you think about and interact with clients is where digital transformation begins and finishes. With digital transformation, businesses are taking a step back and examining everything they do, from internal systems to online and in-person customer interactions.
Digital Transformation Market Overview:
The Digital Transformation Market Research Report has conducted a thorough assessment of the present state, which includes definitions, classifications, applications, and the intricate structure of the industrial chain within the targeted sector. This study gives insights into the current market state, historical market performance, production and consumption rates, demand-supply dynamics, and revenue estimates for the projected term, all with unbiased and expert analysis. Notably, the report includes strategic aims and growth methods used by prominent players in this area. Mergers and acquisitions, business transactions, partnerships, collaborations, joint ventures, brand marketing, and product introductions are all part of this study. In conclusion, this study provides a thorough view of the sector's national and regional landscape.
Key Insights:
Digital Transformation Market size was valued at US$ 512.94 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 23.6% through 2022 to 2029, reaching nearly US$ 2263.45 Bn.
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COVID-19 Impact on Digital Transformation Market:
The Digital Transformation industry has bore the brunt of the COVID-19 pandemic, with far-reaching consequences. Production facilities were halted due to disruptions and manpower shortages. This issue resulted in a severe and protracted decrease in production utilisation, which was exacerbated by travel restrictions and facility closures that kept employees away from their workplaces, slowing the Digital Transformation market in 2020. The negative impacts of COVID-19 on this market, however, are predicted to be ephemeral, with a rapid comeback forecast by early 2021, driven by increased demand for Digital Transformation
Digital Transformation Market Drivers:
Digital transformation is the integration of digital technology into all aspects of a business, resulting in fundamental changes in how businesses run and how organisations give value to customers. It entails an organisation completely reimagining how to employ updated technology to develop new goods, services, revenue streams, and business models in order to stay ahead of competition. Various organisations have implemented digital business, and digital transformation is expected to increase in the next years. Furthermore, the majority of the prominent organisations are working to integrate updated digital initiatives into their businesses and generate money from digital activities.
Digital Transformation Market Segmentation:
by Solution
Cloud Computing
Big Data
Mobility
Social Media
Artificial Intelligence
Cyber security
AR/VR
Robotic Process Automation
Others
by Services
Training
Maintenance
Consulting
by Deployment Type On-Premises
Cloud
by Enterprise Size
Large Enterprise
SMEs
by Vertical
BFSI
Telecom & IT
Automotive
Education
Retail & Consumer Goods
Media & Entertainment
Manufacturing
Government
Aviation & Defense
Transportation
Other
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Key Players:
This research report provides in-depth quantitative insights on market potential across numerous categories, as well as country-specific assessments for each covered area. The report examines the key market factors and is supplemented by detailed profiles of...
1. Google
2. Oracle
3. Microsoft
4. IBM
5. Cognizant
6. Dell EMC
7. Adobe Systems Inc.
8. Accenture
9. Atos Origin
10.Hewlett-Peckard
11.MSG Systems
12.Capgemini
13.SAP SE
14.CA Technologies
15.Kellton Tech Solutions Ltd
16.iOLAP
17.Telstra Global
18.Fujitsu Global
19.Philips
20.Itizzimo
21.Softstone
22.Stratford Managers Corporation
23.TCS
24.Infosys
25.Infogain
26.L&T Infotech
Regional Analysis:
The region section of the research also includes important market influencing factors and changes in market regulation that impact the market's current and future trends. Some of the primary variables utilised to assess the market scenario for various locales are new sales, replacement sales, national demographics, regulatory acts, and import-export tariffs. Furthermore, when offering forecast analysis of national data, the existence and availability of brands, as well as the challenges they face as a result of strong or weak competition from local and domestic brands, as well as the influence of sales channels, are considered.
Table Of Content:
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Digital Transformation Market Size, by Market Value (US$ Bn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis of major players
4.7. Industry Trends and Emerging Technologies
4.8. Patent Registration
4.9. Four Corner Analysis of Companies
4.10. SOVR analysis of market
Key Questions Answered in the Digital Transformation Market Report are:
- Which segment emerged as the leading segment in the Digital Transformation Market?
- Which are the key players in the Digital Transformation market?
- What trends are likely to emerge in the Digital Transformation Market in the coming years?
- What will be the Digital Transformation market size by 2027?
- Which company held the largest share in the Digital Transformation Market in 2020?
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