by According to a research report “Digital Transformation Market (By Technology: Analytics, Cloud Computing, Social Media, AI, IoT, and Block Chain; By End Use: Healthcare, Government, BFSI, Retail, Manufacturing, Telecom & IT, and Others; By Deployment: Cloud and On-premises) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030″ published by Precedence Research, the digital transformation market is projected to grow from USD 484.44 billion in 2021 and is projected to reach USD 1,692 billion by 2030; it is expected to grow at a CAGR of 14.9 % from 2021 to 2030.
The study provides an analysis of the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2021 is considered as the base year.
The rising demand for the latest technologies such as artificial intelligence, data analytics, cloud computing, and internet of things across various industry verticals such as education, healthcare, retail, pharmaceutical, automotive, and BFSI is significantly driving the growth of the digital transformation market.
With the advent of the industry 4.0, the demand for the automation technologies in the manufacturing industry has witnessed a spike for automating the processes. The automation and digitalization of the operations increases the efficiency, enhances the customer experiences, and increases the productivity for the business entities. All these factors have resulted in the shift towards the digital technologies across the globe.
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Table of Contents
Digital Transformation Market Report Highlights
- Based on the technology, the internet of things segment dominated the market in 2020. The increased adoption of the IoT across the retail, automotive, manufacturing, logistics, healthcare, and other major industries have resulted in the dominance of this segment across the globe.
- Based on the end user, the healthcare is estimated to be the most opportunistic segment. This is attributed to the increasing investments in the development of smart hospitals, rising adoption of telehealth platforms, and favorable government investments to encourage the deployment of digital technologies across the healthcare units. Moreover, the growing geriatric population and increasing number of patients owing to rising burden of diseases are the prominent drivers of this segment.
- Based deployment, the cloud is estimated to be the fastest-growing segment. The easy data transfer, improved security, cheaper costs, easy accessibility, and improved performances are the major features of the cloud computing that favors the growth of this segment in the global data transformation market.
Scope of the Digital Transformation Market
| Report Coverage | Details |
| Market Size | US$ 1,692.40 Billion by 2030 |
| Growth Rate | CAGR of 14.9% from 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Technology, End Use, Deployment, Region |
Why should you invest in Digital Transformation Maret Report?
If you are aiming to enter the global digital transformation market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for digital transformation are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Digital Transformation Market Dynamics
Driver
Growing inclination towards digitalization
Almost all the organizations across various industries across the globe are shifting towards the digitalization of their businesses. The outbreak of the COVID-19 has forced all the organizations to invest in increasing their digital presence in order to remain competitive in the market. The increased adoption of the digital platforms among the consumers has increased the adoption of the digital technologies among the products and service providers.
Moreover, the robotics technology is gaining rapid traction in the manufacturing industry that improves efficiency and productivity.
Restraint
High costs of implementing digital solutions
The adoption of the digital technologies involves a very high costs. The cost of various software and hardware that facilitates the digitization is very high and sometimes the SMEs faces financial restrictions in the adoption of such technologies. This may hamper the market growth during the forecast period.
Opportunity
Growing investments in the IT and telecommunications
The government and the corporate investments is increasing rapidly in the development of the IT infrastructure, especially in the developing regions. The presence of huge consumer base and rapid industrialization is attracting the investments in the development of the telecommunications and the IT infrastructure, which is expected to provide lucrative growth opportunities to the market players.
Challenge
Cybersecurity and data privacy
With the rising adoption of the digital technologies and cloud computing, the risks of cyberattack and data breach is increasing. These risks may significantly cause a huge financial loss to the enterprise and its customers. Therefore, the cybersecurity and data privacy are the major challenges faced by the market players in the digital transformation industry.
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Regional Snapshot
North America was the dominating digital transformation market and accounted for 35% of the market share in 2020. North America is a capital intensive region where industries depends on the latest automated and digital equipment and machines in the manufacturing facilities, Moreover, the rising technological advancements has enabled the adoption of the digital technologies across the automotive, real estate, BFSI, and healthcare sectors. The increasing adoption of the digital platforms like telehealth, smart devices, and cloud computing in the healthcare sector is significantly boosting the growth of the digital transformation market in North America.
Moreover, the increased penetration of internet, higher adoption of online finance platforms, higher adoption of smartphones, and presence of strong and developed IT and telecommunication infrastructure has favored the growth of the North America digital transformation market.
Asia Pacific is estimated to be the most opportunistic segment during the forecast period. The increasing demand for the digital technologies among the large enterprises and the SMEs in the countries like China, India, and South Korea is a major driver of the market. The region is witnessing increased penetration of the digital technologies across the education, e-commerce, healthcare, and digital payments sector, which is expected to play a prominent role in the growth of the Asia Pacific digital transformation market in the forthcoming years.
Some of the prominent players in the global digital transformation market include:
- Dell EMC
- Cognizant
- Accenture PLC
- Capgemini
- Siemens AG
- Cognex Corporation
- IBM Corporation
- Microsoft Corporation
- Deloitte Touche Tohmatsu Ltd.
- PricewaterhouseCoopers
- Hewlett-Packard Company
- SAP SE
- Oracle Corporation
- Adobe Systems Inc.
- HakunaMatata Solutions
- ScienceSoft Inc.
- SumatoSoft
- Space-O Technologies
Segments Covered in the Report
By Technology
- Analytics
- Cloud Computing
- Social Media
- AI
- IoT
- Block Chain
By End User
- Healthcare
- Government
- BFSI
- Retail
- Manufacturing
- Telecom & IT
- Others
By Deployment
- On-premises
- Cloud
By Enterprise
- Large Enterprise
- Small & Medium Enterprise (SME)
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Digital Transformation Market
5.1. COVID-19 Landscape: Digital Transformation Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Digital Transformation Market, By Technology
8.1. Digital Transformation Market, by Technology Type, 2021-2030
8.1.1. Analytics
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Cloud Computing
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Social Media
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. AI
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. IoT
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Block Chain
8.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Digital Transformation Market, By End User
9.1. Digital Transformation Market, by End User, 2021-2030
9.1.1. Healthcare
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Government
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. BFSI
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Retail
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Manufacturing
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Telecom & IT
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Others
9.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Digital Transformation Market, By Deployment Type
10.1. Digital Transformation Market, by Deployment Type, 2021-2030
10.1.1. On-premises
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Cloud
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Digital Transformation Market, By Enterprise Type
11.1. Digital Transformation Market, by Enterprise Type, 2021-2030
11.1.1. Large Enterprise
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. Small & Medium Enterprise (SME)
11.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Digital Transformation Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Technology (2019-2030)
12.1.2. Market Revenue and Forecast, by End User (2019-2030)
12.1.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.1.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Technology (2019-2030)
12.1.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.1.5.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.1.5.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Technology (2019-2030)
12.1.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.1.6.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Technology (2019-2030)
12.2.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.2.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Technology (2019-2030)
12.2.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.5.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.2.5.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Technology (2019-2030)
12.2.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.2.6.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Technology (2019-2030)
12.2.7.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.2.7.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Technology (2019-2030)
12.2.8.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.2.8.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Technology (2019-2030)
12.3.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.3.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Technology (2019-2030)
12.3.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.5.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.3.5.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Technology (2019-2030)
12.3.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.3.6.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Technology (2019-2030)
12.3.7.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.3.7.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Technology (2019-2030)
12.3.8.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.3.8.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Technology (2019-2030)
12.4.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.4.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Technology (2019-2030)
12.4.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.5.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.4.5.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Technology (2019-2030)
12.4.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.4.6.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Technology (2019-2030)
12.4.7.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.4.7.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Technology (2019-2030)
12.4.8.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.4.8.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Technology (2019-2030)
12.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.5.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.5.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Technology (2019-2030)
12.5.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.5.5.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.5.5.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Technology (2019-2030)
12.5.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Deployment Type (2019-2030)
12.5.6.4. Market Revenue and Forecast, by Enterprise Type (2019-2030)
Chapter 13. Company Profiles
13.1. Dell EMC
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Cognizant
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Accenture PLC
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Google
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Capgemini
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Siemens AG
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Cognex Corporation
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. IBM Corporation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Microsoft Corporation
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Deloitte Touche Tohmatsu Ltd.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
13.11. PricewaterhouseCoopers
13.11.1. Company Overview
13.11.2. Product Offerings
13.11.3. Financial Performance
13.11.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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