Request Sample Inquiry
Digital Transformation Market

Digital Transformation Market

Digital Transformation Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

137

Base Year:

2021

Date

Mar - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1361

Segments Covered
  • By Deployment Mode Cloud, On-premises
  • By Organization Size Large Enterprises, Small and Medium-sized Enterprises (SMEs)
  • By Technologies Cloud Computing, Big Data and Analytics, Mobility/Social Media, Cybersecurity, AI, IoT
  • By Vertical BFSI, Retail and eCommerce, IT and Telecom, Healthcare and Life Sciences, Education, Government and Defense, Media and Entertainment, Manufacturing
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 511.90 USD Million
Revenue 2028Revenue 2028: 1,446.36 USD Million
Revenue CAGRRevenue CAGR (2022 - 2028): 18.90%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Digital Transformation Market Share

Digital Transformation Market

Market Synopsis:

Global Digital Transformation Market is valued at 511.90 USD Million in 2021 and is projected to reach a value of 1,446.36 USD Million by 2028 at a CAGR of 18.90% over the forecast period. The increasing demand for industrial automation is a major key driver for the growth of the Digital Transformation market in the upcoming years. Growth in the adoption of wireless communication along with the other advanced innovative technologies across various businesses is expected to drive the demand for Digital Transformation during the forecast period. Moreover, several businesses across different industries are investing to a large extent in mobility, cloud platform, and big data technology to evolve digital experience platforms (DXP) which is expected to boost the demand for Digital Transformation in years to come. The organizations that generate a large amount of business data are highly adopting Digital Transformation solutions interconnected with advanced technology which is projected to boost the growth of Digital Transformation during the forecast period. The increasing spendings on advertising activities, increasing spending on marketing enterprises, and changing landscape of customers intelligence to drive the market are the important factors expected to drive the adoption of Digital Transformation technology during the forecast period. The evolution of digital technologies like big data and analytics, cloud computing, blockchain, mobility, Artificial Intelligence, robotics, internet of things, and cybersecurity has generated a need for digitalization among numerous industries, and these technologies are further used by enterprises to add or improve more feature to their traditional business processes and also help to enhance customer relationship which is driving the adaption of Digital Transformation in the years to come.

Digital Transformation Market Size, 2021 To 2028 (USD 1,446.36 Million)

Market Segmentation:

The Digital Transformation market is segmented on the basis of deployment mode, organization size, technology, and vertical. On the basis of the deployment model, the market is segmented as Cloud and On-premises. On the basis of organization size, the market is segmented as Large Enterprises, and Small and Medium-sized Enterprises (SMEs). Based on technology the market is segmented as Cloud Computing, Big Data and Analytics, Mobility/social media, Cybersecurity, AI, and IoT. Based on vertical the market is segmented as BFSI, Retail and eCommerce, IT and Telecom, Healthcare and Life Sciences, Education, Government and Defense, Media and Entertainment, and Manufacturing.

Below tree is interactive. You can click the nodes to get more information.

The on-premises segment grows at the highest CAGR during the forecast period

The on-premises segment in the deployment sector is expected to grow at the highest CAGR during the forecast period. The on-premises solutions are deployed with a former license fee and an annual service agreement, which involves free upgrades after a specific time period. Moreover, the on-premises software solutions are depreciable assets that are affordable for companies that possess a budget that helps in making initial investments. The on-premises deployment provides better control over the organization's confidential data. Moreover, the on-premise deployment also authorizes organizations to establish a customized network of the Digital Transformation that is efficient for the requirement of organizations most accurately.

The small and medium enterprise segment grows at the highest CAGR during the forecast period

The small and medium enterprise segment in the enterprise sector is estimated to grow at the highest CAGR during the forecast period. The growing focus on cloud computing and decreased prices of mobile devices are the factors making it much suitable for SMEs to enhance their businesses and grow organically. The growing awareness among SMEs about the advantages of digitalization is encouraging them to substantially invest in Digital Transformation to strengthen their position in the market, especially in a highly competitive market.

Asia Pacific region is projected to grow at the highest CAGR during the forecast period

The Asia Pacific region is projected to grow at the highest CAGR in the Digital Transformation market during the forecast period due to the increasing number of SMEs and the expansion of the service sector which is expected to grow the demand for Digital Transformation in upcoming years. Furthermore, the increasing awareness among consumers about the advantages of cloud technology and the other technological advancements are helping SMEs to expand in the region in order to modify their businesses and to ensure the future growth of businesses which is constantly boosting the growth of Digital Transformation in the Asia Pacific during the forecast period. The growth in the utilization of social media analytics and mobile devices along with the increasing online commerce are also the factors expected to drive the growth of the regional market in the upcoming years.

Competitive Landscape-

The rising advanced technology is encouraging prime market players to focus on product innovations and the development of best-in-class product quality products and feature it at an affordable price. Some of the major key players in the Digital Transformation market are Microsoft(US), IBM(US), SAP(Germany), Oracle(US), Google(US), Cognizant(US), HPE(US), Adobe(US), Accenture(Ireland), HCL Technologies(India), Broadcom(US), Equinix(US), Dell(US), Tibco(US), Marlabs(US), Alcor Solutions(US), Smart Stream(UK), Yash Technologies(US), Interfacing(Canada), Kissflow(India), Emudhra(India), Process Maker(US), Process Street(US), Happiest Minds(India), Scoro(UK), Brillio(US), and Aexonic Technologies(US).

Digital Transformation Market is segmented as follows:

Parameter Details
Segments Covered
  • Deployment Mode (Cloud, On-premises)
  • Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs))
  • Technologies (Cloud Computing, Big Data and Analytics, Mobility/Social Media, Cybersecurity, AI, IoT)
  • Vertical (BFSI, Retail and eCommerce, IT and Telecom, Healthcare and Life Sciences, Education, Government and Defense, Media and Entertainment, Manufacturing)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Microsoft(US)
  • IBM(US)
  • SAP(Germany)
  • Oracle(US)
  • Google(US)
  • Cognizant(US)
  • HPE(US)
  • Adobe(US)
  • Accenture(Ireland)
  • HCL Technologies(India)
  • Broadcom(US)
  • Equinix(US)
  • Dell(US)
  • Tibco(US)
  • Marlabs(US)
  • Alcor Solutions(US)
  • Smart Stream(UK)
  • Yash Technologies(US)
  • Interfacing(Canada)
  • Kissflow(India)
  • Emudhra(India)
  • Process Maker(US)
  • Process Street(US)
  • Happiest Minds(India)
  • Scoro(UK)
  • Brillio(US)
  • and Aexonic Technologies(US).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Digital Transformation Market is tabulated as follows:

Digital Transformation Market to Reach Valuation of 1,446.36 USD Million by 2028; Increasing Advertising Marketing Spending is Driving the Market”
In terms of revenue, the Global Digital Transformation Market is expected to reach 1,446.36 USD Million by 2028, growing at a CAGR of 18.90% from 2022 to 2028. Several factors such as rising advertising and marketing activities spending by associations, changing customer intelligence landscape to d...
FAQ
Frequently Asked Question
  • The global Digital Transformation valued at 511.90 USD Million in 2020 and is expected to reach 1,446.36 USD Million in 2028 growing at a CAGR of 18.90%.

  • The prominent players in the market are Microsoft(US), IBM(US), SAP(Germany), Oracle(US), Google(US), Cognizant(US), HPE(US), Adobe(US), Accenture(Ireland), HCL Technologies(India), Broadcom(US), Equinix(US), Dell(US), Tibco(US), Marlabs(US), Alcor Solutions(US), Smart Stream(UK), Yash Technologies(US), Interfacing(Canada), Kissflow(India), Emudhra(India), Process Maker(US), Process Street(US), Happiest Minds(India), Scoro(UK), Brillio(US), and Aexonic Technologies(US)..

  • The market is project to grow at a CAGR of 18.90% between 2021 and 2028.

  • The driving factors of the Digital Transformation include

    • increasing demand for industrial automation

  • North America was the leading regional segment of the Digital Transformation in 2020.