The global digital transformation market size is projected to grow at a CAGR of 16.5% during the forecast period The global digital transformation market size is expected to grow from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period. The digital transformation industry is driven increasing penetration of IoT and adoption of cloud services. However, the increasing penetration of mobile devices and apps further contributes to the growth of the digital transformation market.
AI segment to grow at a higher CAGR during the forecast period The digital transformation market based on technology is segmented into cloud computing, AI, big data and analytics, mobility/social media, cybersecurity, IoT, and others.The AI segment is expected to grow at a rapid pace during the forecast period.
AI has greatly enhanced the level of customer satisfaction in the digital transformation market. AI technology is benefiting organizations by more number of returning customers and increased follow-up sales. Increased productivity and improved customer satisfaction are the key factors driving the AI technology
Education industry vertical to grow at the highest CAGR during the forecast period The digital transformation market by verticalhas been segmented intobanking, financial services, and insurance (BFSI), healthcare, IT and telecom, education, retail, media and entertainment, manufacturing, government, and others (transportation and logistics, and travel and hospitality).The rapid adoption of the internet and Bring Your Own Device (BYOD) trend in the education industry have led to the growth of the digital transformation market across the globe in this vertical.
APAC to grow at the highest CAGR during the forecast period Asia Pacific (APAC) is expected to grow at the highest CAGR of 20.7% during the forecast period. Due to ongoing digital transformation in various industries, including retail, education, and transportation and logistics, the requirement for advanced technologies is increasing in this region. Moreover, as mobile infrastructures are improving in the APAC region, the mobile workforce and BYOD trend are also gaining momentum. These trends are expected to lead to the increased adoption of digital transformation solutions, thus fueling the growth of the APAC digital transformation market
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the digital transformation market
• By Company: Tier I:52%, Tier II:31%, and Tier III:17%
• By Designation: C-Level Executives:36%, Directors:24%, and Others:40%
• By Region: North America: 30%, Asia Pacific (APAC): 24%, Europe: 36%, Middle East and Africa (MEA): 5%, and Latin America: 5%
The report includes the study of the key players offering digital transformation solutions and services.It profiles major vendors in the global digital transformation market.
The major vendors are Microsoft (US), SAP (Germany), Cognizant (US), Adobe(US), Dell EMC (US), IBM(US), Google (US), Marlabs (US), Accenture (Ireland), Broadcom (US), Equinix (US), Oracle(US), HPE (US), HCL Technologies (India), Tibco software (US), Alcor Solutions (US), Smartstream (UK), Yash Technologies (US), Interfacing (Canada), Kissflow (India), Emudhra (India), Process Maker (US), Process Street (US), Happiest Minds (India), Scoro (UK), Brillio (US), AexonicTechnologies (US). It further includes an in-depth competitive analysis of key players in the digital transformation market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.
Research Coverage The market study covers the digital transformation market across segments. It aims at estimating the market size and the growth potential of this market, across different segments, such as component, deployment model, organization size, application, industry verticals, and region.
Key Benefits of Buying the Report The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall digital transformation market and its subsegments.This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies.
The report further helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Our reports have been used by over 10K customers, including:
The global asset performance management market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 10.1% during the forecast period, to reach USD 4.0 billion by 2026 from USD 2.5 billion in 2021. Key factors that are expected to drive the growth of the market are the rising demand to meet regulatory compliance and reporting...
The global Enterprise Asset Management (EAM) market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period, to reach USD 5.5 billion by 2026 from USD 3.3 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global...
The global data discovery market size to grow from USD 7.0 billion in 2020 to USD 14.4 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 15.6% during the forecast period. Various factors such as the growing need to discover sensitive structured and unstructured data, increasing investments in data privacy with evolving regulations,...
The system of insight market was valued at US$ 1,537.86 million in 2019 and it is projected to reach US$ 4,914.52 million by 2027; it is expected to grow at a CAGR of 15.9% from 2020 to 2027. Due to digital transformation, the operations are handled automatically, mitigating human errors and increasing business productivity.Industries...
The global business rules management system market size would grow from USD 1.0 billion in 2020 to USD 1.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period. The growth of the business rules management system market can be attributed to reduced dependency on IT teams for writing business rules and...
The global digital transformation market (henceforth referred to as the market studied) is expected to register a CAGR of 18.5%, during the period of 2020-2025. Digital Transformation refers to the use of digital technology to solve traditional problems. Shifting from conventional to new digitalized business models facilitates the introduction...
The NAND flash memory market is expected to register a CAGR of 11.27%, during the forecast period (2020 - 2025). The current macro trends of AI and machine learning, mobility, and connectivity are favorable to the NAND markets and expected to increase its share in the semiconductor market. - With the rise of PCs and smartphones, NAND...
56 pages •
By Euromonitor International
• Mar 2020
Asia Pacific offers diverse business dynamics, ranging from leading countries to do business in globally to developing economies that remain suppressed by corruption, bureaucracy and lack of economic freedom. Nevertheless, the region’s potential lies among the emerging markets, especially as China’s boom is gradually subsiding, affected by...
Market Overview The enterprise application integration market was valued at USD 6.55 billion in 2019, and it is expected to reach USD 16.20 billion by 2025, recording a CAGR of 16.32%, over the forecast period (2020 - 2025). The trend of cloud application in IT will drive the enterprise application integration market in...
Summary The Future of Foodservice in France to 2020 Report published by Canadean Intelligence provides readers with a detailed analysis of consumer, operator and technology level trends in the French Foodservice sector, analysis of market size, outlets and transactions in France and key players in the French Foodservice market. Key...
Online Food Delivery
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.