The demand for digital transformation is expected to reach US$ 2.3 Trillion in 2032, exhibiting a growth rate of 14.2%. The Y-o-Y for 2021-2022 is estimated at 19.1%.
Regionally, North America is likely to dominate the industry, with the U.S making the most significant contribution, garnering US$ 811.7 Billion by 2032. On the other hand, APAC is projected to be the fastest-growing region with China procuring US$ 134 Billion by 2032.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Digital Transformation market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Digital Transformation market.
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Key findings of the Digital Transformation market study:
- Regional breakdown of the Digital Transformation market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Digital Transformation vendors in detail.
- Region-wise and country-wise fragmentation of the Digital Transformation market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Digital Transformation market.
Key Companies Profiled
- Microsoft
- IBM
- SAP
- Oracle
Competitive Landscape
Organizations in the global digital transformation market are taking various initiatives to digitally transform their business. As the competition is rising, players are collaborating, partnering, and launching new products to gain a competitive edge. Some of the recent developments in the industry are as follows:
- In October 2021, Siemens Smart Infrastructure acquired Wattsense, French hardware, and software firm that offers IoT management systems for small mid-sized buildings, bringing Siemens’ building product line to a new stage.
- In August 2021, Kubota Corporation announced a strategic partnership with Accenture to enhance its digital transformation by transforming its business model to contribute to food, environmental, and water solutions. The partnership is likely to offer a platform for Kubota locally and globally by incorporating services that combine the digital technologies of Accenture, comprising AI and the IoT.
Key Segments Covered in the Global Digital Transformation Market Study
- By Technology
- Cloud Computing
- Big Data and Analytics
- Mobility/ Social Media
- Cybersecurity
- Artificial Intelligence
- Internet of Things
- Others
- By Deployment
- Cloud
- On-premises
- By Organization Size
- SMEs
- Large Enterprises
- By Vertical
- BFSI
- Retail and E-Commerce
- IT and Telecom
- Media and Entertainment
- Manufacturing
- Healthcare and Life Sciences
- Education
- Government and Defense
- Others
- By Region
- North America
- Europe
- APAC
- Latin America
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Queries addressed in the Digital Transformation market report:
- Why are the Digital Transformation market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Digital Transformation market?
- Which regions are displaying the fastest growth in the Digital Transformation market?
- What are the underlying micro- macroeconomic factors affecting the global Digital Transformation market?
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