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The latest research report by Emergen Research, named ‘Global Digital Transformation Market – Forecast to2030 The Global Digital Transformation Market report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Digital Transformation Market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.
The global digital transformation market size reached USD 492.43 Billion in 2021 and is expected to register a revenue CAGR of 20.8% during the forecast period, according to the latest analysis by Emergen Research. Increasing awareness among organizations to adopt digital technology is the key factor driving market revenue growth.The process of using digital technology to develop new or modify existing business processes, culture, and customer experiences to meet changing business and market requirements is known as digital transformation. Digital transformation is frequently fueled by customer expectations.
Key participants include
IBM, SAP SE, Oracle, Microsoft Corporation, Accenture, Google LLC, HCL Technologies Limited, Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Alibaba Cloud, Broadcom, Marlabs, Cognizant, and Capgemini.
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Drivers:
Several factors are driving the growth of the digital transformation market. One of the primary drivers is the increasing demand for agility and responsiveness in today’s fast-paced business environment. Digital technologies enable organizations to adapt quickly to changing market dynamics, customer preferences, and industry trends, allowing them to innovate, iterate, and pivot more effectively. Additionally, the growing volume and complexity of data generated by digital interactions and transactions are driving demand for advanced analytics and AI solutions to extract insights, drive decision-making, and personalize customer experiences. Moreover, the COVID-19 pandemic has accelerated digital transformation initiatives as organizations seek to enable remote work, digitize processes, and enhance resilience in the face of disruptions.
Research Methodology
Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key Objectives of the Global Digital Transformation Market Report:
- An all-inclusive analysis and forecast estimation of the market have been included in this report.
- The report offers valuable insights into the major drivers, limitations, opportunities, and challenges faced by the global Digital Transformation Market
- and its leading players.
- The report sheds light on the prominent market contenders, as well as their business strategies and long-term expansion plans.
· Component Outlook (Revenue, USD Billion; 2019-2030)
- Solutions
- Services
· Deployment Outlook (Revenue, USD Billion; 2019-2030)
- Cloud
- On-Premises
· Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Large Enterprise
- Small & Medium Enterprise
· End-Use Outlook (Revenue, USD Billion; 2019-2030)
- BFSI
- Healthcare
- Manufacturing
- IT & Telecom
- Government
- Retail
- Media and Entertainment
- Others
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
- Chapter 1 includes the global Digital Transformation Market market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
- Chapter 2 broadly categorizes the Digital Transformation Market market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
- Chapter 3 elaborates on the competitive outlook of the Digital Transformation Market market, focusing on the major manufacturers and vendor landscape.
- Chapter 4 exhaustively studies the key manufacturers of the Digital Transformation Market industry, along with their anticipated sales and revenue shares.
- Chapters 5 includes market segmentation based on product type, application range, and market players.