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Digital transformation market to hit $493 billion in 4 years

IT Market Research

The digital transformation market was valued at $181.02 Billion in 2016 and is projected to reach $493.39 Billion by 2022, at a CAGR of 19.1% during the forecast period.

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Digital Transformation Market to 2022 provides analysis on Digital Transformation Market trends, research, new technology, mobility, big data, and solution. 

The base year considered for the study is 2016 and the forecast period is from 2017 to 2022

Digital transformation market contributes detail information on global digital transformation market, which is growing at rockets speed at 19% CAGR to achieve $493 billion mark in digital world.

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Key Target Audience include in digital transformation market such as Digital Solutions Providers, Cloud Solutions Providers, System Administrators, System Integrators, Infrastructure as a Service (IaaS) Providers, Platform as a Service (PaaS) Providers, Investors and Venture Capitalists, Market Research and Consulting Firms, Application Consumers, Government Agencies.

Based on component, the solution segment is estimated to lead the digital transformation market in 2017.The growth of this segment can be attributed to the increasing need for cloud computing, big data & analytics, mobility, disruptive technology, and social media.

Competitive Landscape include following points such as Microquadrant Overview, Visionary Leaders, Innovators, Dynamic Differentiators, Emerging Companies, Competitive Benchmarking, Strength of Product Portfolio in the Market (For All 25 Players), Business Strategy Excellence in the Market (For All 25 Players).

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The Asia Pacific region has been widely implementing digital transformation solutions to significantly to improve and streamline business processes and facilitate informed business decision making. Rising number of mobile device users, increasing use of social media analytics, and growing online commerce are some of the factors expected to fuel the growth of the digital transformation market in this region The digital transformation market has been studied for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

  1. By Company Type: Tier 1:45%, Tier 2:30%, and Tier 3: 25%
  2. By Designation: C-Level: 35%, Director Level:40%, and Others: 25%
  3. By Region: North America:42%, Europe: 25%, Asia Pacific: 23%, and RoW: 10%

In-depth interviews were conducted with chief executive officers, marketing directors, innovation &technology directors, and executives from various key organizations operating in the digital transformation marketplace.

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