Global Digital Transformation Market, By Geography, Component, Deployment, Business Type, Enterprise, Vertical – Industry Trends and Forecast to 2024
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Global Digital Transformation Market accounted for USD 167.6 million in 2016 growing at a CAGR of 19.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global Digital Transformation Market
Digital transformation is the process of customizing technologies in order to drive new value for employees as well as customers and competing more efficiently in the digital technology market. Also discover monetization opportunities.
In order to stay competitive, business must customize with present demands by digitizing their processes and business models.
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It has its wide application in Healthcare, Telecommunication & IT, Automotive, Education, Retail & Consumer Goods, Media & Entertainment, Manufacturing, and others.Innovation in Business and Changing Customer Preferences may act as a major driver in the growth of digital transformation market. On the other side privacy concerns for confidential data may hinder the market.
Major Market Drivers & Restraints:
- Rapid Proliferation of Mobile Devices and Apps
- Innovation in Business and Changing Customer Preferences
- Increasing Penetration of IoT and Adoption of the Cloud Platform
- Improvement in operational flexibility
- Optimization of end-to-end customer experience
- Security and Privacy Concerns for Confidential Data
- Lack of Digital Skills and Resources
The global digital transformation market is segmented on the basis ofcomponent, deployment, business type, entrerprise, verticaland geography.
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On the basis of componentthe global digital transformation market is segmented into solution and service. The solution segment is further segmented into cloud computing, big data & analytics, mobility, disruptive technology, and social media.
The disruptive technology segment is further segmented into internet of things (IoT), block chain technology, and artificial intelligence (AI). The service segment is further segmented into professional services, and system integration.
The global digital transformation market is also segmented on the basis of deployment type into On-Premise, Cloud.
On the basis of business type, the global digital transformation market is further segmented into Business-To-Business (B2B), Business-To-Business-To-Consumer (B2B2C), and Business-To-Consumer (B2C).
On the basis of Enterprise, the global digital transformation market is segmented into Large Enterprise, Small Enterprise and Medium Enterprise.
Based on vertical, the global digital transformation market is further segmented into banking financial services & insurance (BFSI), healthcare, telecommunication & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, government
On the basis of geography, global digital transformation market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
The Global Digital Transformation Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Major Market Competitors: Global Digital Transformation Market
Some of the major players of the global digital transformation market are Accenture, Adobe Systems Software Ireland Ltd., Apple Inc., CA, Capgemini, Dell Inc., google Inc., HP Development Company, L.P., IBM Corporation, Microsoft, Oracle, SAP SE, Cognizant, and others.
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