Global Digital Transformation Market

1. Global Digital Transformation Market was valued US$ 220 Billion in 2017 and is expected to reach US$ 760 Billion by 2026, at CAGR of 14.77 %during forecast period. The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Digital Transformation Market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period. PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will to address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global Digital Transformation Market Global Digital Transformation Market: Overview Digital transformation is the combining of digital technology into all areas of a business resulting in basic changes to how operate business and how organization deliver value to customers. It involves absolute rethinking how to use updated technology to run towards new products, services, revenue streams and business models by organization to lead among competitors. Various businesses have introduced digital business, which is likely to tend digital transformation in the coming years. Furthermore, most of the leading organizations are taking efforts on to integrate updated digital initiatives in their businesses and create revenue from digital affairs. Why digital transformation is important? A business may pull on digital transformation for various reasons. But certainly, the most appropriate reason is that they have to survive and grow in this huge market among the competitors. “Businesses don't transform by choice because it is expensive and risky. Businesses go through transformation when they have failed to evolve.” When we took a look at the S&P 500. In 1958, U.S. corporations remained on top for an average of 61 years, mentioned by American Enterprise Foundation. By 2011, it was 18 years. Currently, industries are being replaced on the S&P approximately every two to three weeks. Technology has driven this much, and companies who have desire to succeed must understand how to collide technology with strategy.” Global Digital Transformation Market: Drivers and Restraints Major factors driving the market include, an increasing demand for the development of the Internet of Things (IoT) based products and data rich solutions by various business organization and industries, an outbreak of usage of mobile devices & applications. Moreover Increasing demand towards digitalization of organizational business functions to serve changing customer preferences and increase operational efficacy, In addition, growing adoption of cloud platforms, increasing projects like smart city, and usage of real time application all over the world these are other factors are expected to driving the growth of global digital transformation market during forecast period. On the other hand, increasing security and privacy concern between population, shortage of trained and skilled professionals and poor ICT infrastructure in the developing nations, there factors are expected to suppress the growth of global digital transformation market during forecast period. Global Digital Transformation Market: Segmentation Analysis Based on component, the service segment is expected to witness the highest growth rate during the forecast period owing to the rising need for professional services and system integration. Moreover the adoption of digital transformation solutions entails the need for services such as training and support. In terms of enterprise size, the small & medium enterprise segment of the digital transformation market is estimated to witness a higher growth rate than the large enterprise's segment during the forecast period. The increasing awareness about the benefits of digitization has provoked companies to invest significantly in order to expand and sustain their existing positions in a highly competitive market. Digital transformation supports organizations in improving their brand’s reputation, customer experience, and customer retention ratios through the implementation of software. Moreover, digitally transformed organizations are able to adapt to the evolving technological landscape and are able to tackle sudden shifts in the industry. On the basis of deployment type, the cloud segment is anticipated to witness the highest growth rate during the forecast period. Cloud computing solution enables easy access to data and information from anywhere and anytime. It also involves pay per use, which is cost effective for an organization. Global Digital Transformation Market1 Global Digital Transformation Market2 Global Digital Transformation Market: Regional Analysis The North America market held largest market share in 2018 and is expected to dominate the Global Digital Transformation Market in near future. Digital transformation requires a very agile and flexible IT support, which is present in the majority of companies in this region. This can be attributed to the rise in penetration of internet and the accelerated use of different type of online payment modes, especially in the retail sector. Moreover, this region has large and well-established economies, increasing investment in research and development for the introduction of new technologies. These are the factors driving the market of Digital Transformation Market during forecast period. Asia Pacific market is expected to grow market share in large amount over the forecast period, owing to increasing acceptance of digital transformation from small & medium sized companies, and increasing awareness about advantage of cloud merging with swift advance technology. Scope of Global Digital Transformation Market Global Digital Transformation Market, by Component: • Solution • Services Global Digital Transformation Market, by Deployment Type: • On-Premises • Cloud Global Digital Transformation Market, by Enterprise Size: • Small Enterprise • Medium Enterprise • Large Enterprise Global Digital Transformation Market, by Vertical: • Banking, • Financial Services and Insurance (BFSI) • Telecom & IT • Automotive • Education • Retail & Consumer Goods • Media & Entertainment • Manufacturing • Government • Aviation & Defense • Transportation • Other Global Digital Transformation Market, by Geography • North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key Players Global Digital Transformation Market • Google • Oracle • Oracle • Microsoft • IBM • Cognizant • Dell EMC • Adobe Systems Inc. • Accenture • Atos Origin • Hewlett-Peckard • MSG Systems • Capgemini • SAP SE • CA Technologies • Kellton Tech Solutions Ltd • iOLAP • Telstra Global • Fujitsu Global • Philips • Itizzimo • Isoftstone • Stratford Managers Corporation • TCS • Infosys • Infogain • L&T Infotech This Report Is Submitted By @Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. 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