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 delved into an extensive examination of the current status encompassing definitions, classifications, applications, and the intricate structure of the industrial chain within the targeted sector. With unbiased and expert commentary, this report provides insights into the prevailing market condition, historical market performance, production and consumption rates, demand-supply dynamics, and revenue projections for the anticipated period. Notably, the analysis extends to encompass strategic goals and growth strategies adopted by major entities operating in this sector. This investigation encompasses diverse approaches such as mergers and acquisitions, corporate transactions, partnerships, collaborations, joint ventures, brand promotion, and product introductions. In summary, this research paints a comprehensive picture of the and regional landscape of the sector.
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 borne the brunt of the COVID-19 pandemic, with profound implications. disruptions and workforce limitations led to suspension of production facilities. This crisis caused a significant and prolonged reduction in production utilization, compounded by travel restrictions and facility closures which kept personnel away from their workspaces, consequently slowing down the Digital Transformation market in 2020. However, the adverse effects of COVID-19 on this market are anticipated to be transitory, with a swift rebound expected by early 2021, driven by escalated 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 offers comprehensive quantitative insights, providing a lucid view of market prospects across various categories, along with country-specific analyses for each covered region. The analysis scrutinizes the pivotal factors influencing the market, complemented by exhaustive 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 portion of the research also provides key market influencing aspects and changes in market regulation that influence the market's current and future trends. New sales, replacement sales, national demographics, regulatory acts, and import-export taxes are some of the major variables used to assess the market scenario for various locations. Furthermore, when providing forecast analysis of national data, the existence and availability of brands, as well as the hurdles they encounter due to strong or weak competition from local and domestic brands, as well as the influence of sales channels, are taken into account.
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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