Global Digital Transformation Industry

Global Digital Transformation Industry

  • April 2021 •
  • 182 pages •
  • Report ID: 5798377 •
  • Format: PDF
Abstract:
- Global Digital Transformation Market to Reach $954.9 Billion by 2027
- Amid the COVID-19 crisis, the global market for Digital Transformation estimated at US$285.5 Billion in the year 2020, is projected to reach a revised size of US$954.9 Billion by 2027, growing at aCAGR of 18.8% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 16.5% CAGR and reach US$552.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 22.8% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $84.5 Billion, While China is Forecast to Grow at 18.2% CAGR
- The Digital Transformation market in the U.S. is estimated at US$84.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$165.8 Billion by the year 2027 trailing a CAGR of 18.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17% and 16.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR.

- Select Competitors (Total 46 Featured) -
  • Accenture PLC
  • Adobe Systems, Inc.
  • CA Technologies
  • Capgemini SE
  • Cognizant Technology Solutions Corporation
  • Dell EMC
  • Google LLC
  • Hewlett Packard Enterprise Development LP (HPE)
  • IBM Corporation
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE