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Learn details of the digital transformation market forecast to 2022

IT Market Research

The global digital transformation market is expected to reach around USD 787 billion by 2022. High adoption of Internet of Things (IoT) is anticipated to boost the market over the forecast period (from 2015 to 2022).

In addition, growing demand for the introduction of novel solutions that can engage employees and customers in data integration, process, IT, and business can further fuel the growth. Enhanced operational flexibility and end-to-end customer experience optimization are other factors that can positively impact the global market in the near future.

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The global market for digital transformation is categorized into scope, deployments, enterprise sizes, end-use, and regions. On the basis of scope, the segments are bifurcated into solutions and services.

Solutions are further divided into mobility, analytics, cloud computing, social media, and others. Professional services and implementation & integration are the key service types.

This report focuses on the top players in global market, like
IBM Corporation
CGI Group Incorporation
Accenture PLC
Deloitte Touche Tohmatsu Limited
Booz & Co.

Solutions led may keep leading the overall market on account of demand during the forecast period. Services on the other hand, may register the maximum CAGR around 17% till 2022.

Analytics held the largest market share in terms of demand in 2017. However, social media may witness the fastest CAGR over 20% in the near future.

Professional services may register substantial CAGR around 17% over the forecast period.

The digital transformation market is bifurcated into hosted and on-premise. Hosted deployment is expected to gain impressive share in the forthcoming years.

Advantages such as lower cost, better security, and convenience can propel the demand. Large-scale customization of products & services and increased organizational flexibility can further support the market expansion.

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