Global Digital Transformation Market: Overview
It is estimated for the global transformation market to witness growth at a CAGR of 6.7% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 5.2% during the forecast period of 2018 to 2021. Digitization is the process of converting information into a digital format. The result is the representation of an object, image, sound, document, or signal obtained by generating a series of numbers that describe a discrete set of points or samples.
Global Digital Transformation Market - Growth Factors
The increasing adoption of digitalization in various sectors of the work is the major factor for the globe of the market during the forecast period. Also, the increasing use of digitalization in various government sectors across is also a major factor for the growth of the market during the forecast period. The increasing use of smartphones and computers/laptops owing to the necessity of the work is also boosting the growth of the market during the forecast period. The decreasing cost of the internet in various asian countries is also boosting the growth of the market during the forecast period. However, the security concerns associated with the digital safekeeping of the documents is the factor that is estimated to hamper the growth of the market during the forecast period.
Global Digital Transformation Market - Market Trends
The increasing use of smartphones and computers/laptops owing to the necessity of the work is also boosting the growth of the market during the forecast period.
The decreasing cost of the internet in various asian countries is also boosting the growth of the market during the forecast period.
However, the security concerns associated with the digital safekeeping of the documents is the factor that is estimated to hamper the growth of the market during the forecast period.
Global Digital Transformation Market Segmentation
The global transformation market is segmented by solution, by service, by deployment, by enterprise and by end-use.
By Solution
Analytics
Cloud Computing
Mobility
Social Media
Others
By Service
Professional Services
Implementation & Integration
By Deployment
Hosted
On-premise
By Enterprise Size
Large Enterprise
Small & Medium Enterprise
By End-use
BFSI
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Others
Global Digital Transformation Market Regional Analysis
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.
Global Digital Transformation Market Key Market players
SAP SE; International Business Machines Corporation; Oracle Corporation; Google Inc.; Dell EMC; Hewlett Packard Enterprise Co.; CA Technologies; Microsoft Corporation; Adobe Systems Incorporated; Accenture PLC; Capgemini Group; Apple Inc.; Kellton Tech Solutions Ltd. are the major companies that are driving the growth of the market during the forecast period.
