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Digital transformation market forecast to 2023 illuminated by new report

IT Market Research

The growth in penetration of IoT-based products and devices in day to day life, increase in the usage of mobile devices and apps, and rise in dependency of business on IoT based products and solutions drive the digital transformation market growth.

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Digital transformation can be defined as the use of the digital technologies such as cloud computing, big data, mobility, and social media to improve the business processes. The need for business growth, to improve operational expenses and business efficiency and to track the real-time business activities drive the businesses to be part of the digital transformation.

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However, factors such as underdeveloped ICT infrastructure in the underdeveloped and developing nations, and high data security threats hinder the growth of the market. In addition, rise in dependence of the retail, BFSI, and automotive sectors on IoT-based products & solutions is expected to provide lucrative growth opportunities for the market.

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The report segments the digital transformation market based on solutions, services, end users, industry verticals, and region. By solution, the market is divided into cloud computing, big data, mobility, and social media.

Based on services, it is categorized into training, maintenance, and consulting. Based on end users, it is bifurcated into small medium enterprises (SMEs) and large enterprises.

By industry vertical, the market is segmented into BFSI, telecom, healthcare, utility, retail, automotive, ICT, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Comprehensive competitive analysis and profiles of major market players such as SAP AG, IBM Corporation, Oracle Corporation, Google, Inc., Dell EMC, Adobe Systems, Hewlett-Packard (HP), CA Technologies, Microsoft Corporation, and Accenture PLC are also provided in this report.

Digital Transformation Market Key Segments: By Solutions

  • Cloud computing
  • Big data
  • Mobility
  • Social media

By Services

  • Training
  • Maintenance
  • Consulting

By End Users

  • Small Medium Enterprises
  • Large Enterprises

By Industry Verticals

  • BFSI
  • Telecom
  • Healthcare
  • Utility
  • Retail
  • Automotive
  • ICT
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
  • Latin America
  • Middle East
  • Africa

Company Profile

  • SAP AG
  • IBM Corporation
  • Oracle Corporation
  • Google, Inc.
  • Dell EMC
  • Adobe Systems
  • Hewlett-Packard
  • CA Technologies
  • Microsoft Corporation
  • Accenture PLC

News From

Allied Market Research - Industry TrendsAllied Market Research
Category: Market Research Publishers and RetailersCompany about: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...