Digital Transformation solutions enabling companies to reach large masses will be major driving factor for growth in the Digital Transformation market between 2017 and 2025. The Digital Transformation Market is US$ 445.4 billion in 2017 and is estimated to reach US$ 2,279.4 billion by 2025.
Global Digital Transformation Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
The digital transformation market has experienced high growth and adoption rate in the last few years and is also expected to experience a significant growth and adoption rate in years to come. One of the major reasons for high adoption of digital transformation is the fact that digital transformation solutions enable the companies to reach large masses.
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Digital Transformation Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
With the adoption of digital solutions, organizations are being able to reach maximum number of end-users. This is due to rising adoption of smart devices including, tablets and smartphones globally, as well as increasing penetration of internet services. Over the past few years, there has been a significant growth in the number of smartphone and internet users, in the developing and emerging countries. This is attributed to the constantly decreasing prices of internet and smart devices as well as rising affordability of people in these countries.
Digital solutions has created a potential for companies to reach a huge mass of audience worldwide. For instance, Uber and Lyft, on-demand transportation companies, utilized digital platform and earned a huge success. These companies can be considered as a key illustration of how implementation of strategy and innovation, empowered by technology, can suddenly impact the development of the whole industry. Furthermore, in the fastest growing e-commerce market, more and more SMEs are now using online platform for providing their offerings to the customers. This has enabled them to extend their market reach, enhance external communication, augment sales, improve speed of processing, improve company image, as well as increase employee productivity.
The Major Key Market Players:
1. IBM Corporation
2. Accenture PLC
3. SAP SE
4. Microsoft Corporation
5. Oracle Corporation
6. Capgemini SE
7. Adobe Systems Inc.
8. Google Inc.
9. Dell Inc.
10. Cognizant Technology Solutions Corporation
Digital Transformation Market – Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
However issues related to the security and privacy affecting the adoption of digital solutions could act as restraining factor in the Digital Transformation Market. Technologies including, big data analytics, IoT, mobile computing and blockchain are transforming the way companies administer their operations, right from decision making to customer service. The automation of almost all business practices and the growing digital connectivity of the entire value chain create agility, however they also considerably increase cyber security risks as well as threat levels. To attain organizational flexibility, companies choose cloud platform for running their IT systems particularly, organizations that are more established in their digital practices. Companies are gradually moving data as well as business functions between the on-premises legacy systems and cloud. As the businesses are remodeling their digital ecosystem, critical and personal data is becoming more broadly distributed and at risk to threats.
Cyber criminals are also taking benefit of the user trust and digital transformation. As reported, in 2017, approximately 40% of the organizations based in the U.S. and U.K. witnessed five or more major security incidents in the year 2016. Some of the major external threats includes, ransomware, malware, phishing, online scams, domain and brand abuse, rogue mobile apps as well as social impersonation. These are threats that occur outside a company’s perimeter defenses and are capable of affecting businesses, brand perceptions and customers. Any supply chain vulnerabilities have a destructive effect resulting in loss of millions of dollars. Owing to these factors, several organization are still reluctant to adopt digital solutions. Thus, cyber security and privacy concerns acts as one of the major hurdle in the growth of the Digital Transformation Market.
The end-users of Digital Transformation Market have been broadly categorized into following eight categories as BFSI, healthcare, education, retail, IT & Telecom, logistics & transportation, manufacturing, and others. Five major geographical regions considered within the scope of this market are North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM).
Table of Content: -
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Digital Transformation Industry Insights
Chapter 4. Digital Transformation Market, By Application
Chapter 5. Digital Transformation Market, By Operation
Chapter 6. Digital Transformation Market, By Region
Chapter 7. Company Profiles
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Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Digital Transformation Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Digital Transformation Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.