Digital Transformation Market Development, Trends, Growth(CAGR of 18.1%), Demand and Forecast Till 2023-2028
IMARC Group’s latest report, titled “Digital
Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2023-2028”, the global digital transformation market size reached
US$ 581 Billion in 2022. Looking forward, IMARC Group expects the market
to reach US$ 1,585 Billion by 2028, exhibiting a growth rate (CAGR) of
18.1% during 2023-2028.
Digital transformation has the ability
to transform, integrate and simplify daily business operations by enhancing
performance efficiently. It helps organizations cope with various associated
risks and handling disruptions, such as marketplace fluctuation and
geopolitical conditions. It assists associations in organizing their operations
to save time and effort and efficiently make use of resources. Digital
transformation substitutes traditional business processes with automation.
Additionally, the growing efforts by the governments of various countries to
promote digitalization are providing a boost to the market growth across the
globe.
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Digital Transformation Market Development:
The global market is majorly driven by
the increasing demand for digital transformation across various organizations
to improve their brand's reputation, customer experience, and customer
retention ratios. In line with this, the integration of different digital
transformation technologies, such as the internet of things (IoT), is
significantly contributing to the market. Furthermore, the advent of industry
4.0 in the manufacturing industry has led to the adoption of digital
technologies to enhance, automate, and modernize the whole process. Apart from
this, the adoption of industrial robotics and the development of information
technologies are propelling the market. Moreover, the rising investments in
digitalization across potential economies are creating a positive outlook for
the market.
Competitive Landscape with Key Players:
- Accenture PLC
- Adobe Inc
- Capgemini SE
- Cognizant
- Dell Technologies Inc
- Google LLC (Alphabet Inc.)
- Hewlett Packard Enterprise Company
- International Business Machines Corporation
- Marlabs Inc
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Siemens AG
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Key Market Segmentation:
Breakup by Type:
- Solution
- Analytics
- Cloud Computing
- Mobility
- Social Media
- Others
- Service
- Professional Services
- Integration and Implementation
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by End-Use Industry:
- BFSI
- Manufacturing and Retail
- Government
- Healthcare
- IT and Telecom
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea,
Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar,
Iraq, Other)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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