Digital Transformation Market Research Report- Forecast till 2025
Market Highlights
GlobalrnDigital Transformation Market was valued at USD 250.65 Billion in 2018 andrnis expected to reach USD 817.05 Billion by 2025 growing atrna CAGR of 18.87% during the forecast period 2019–2025.
Segmentation:
By Technology, the market has been segmented into cloud computing, big datarn& analytics, artificial intelligence (AI), internet of things (IoT),rnblockchain, and others. By deployment, the market has been segmented intornon-premise and on-cloud. By organization size, the market has been segmentedrninto small- and medium-sized enterprises and large enterprises. By vertical,rnthe market has been categorized into BFSI, healthcare, IT andrntelecommunication, government, retail, education, and media & entertainmentrnamong others
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Regional Analysis
The market for digital transformation is estimated to grow atrna CAGR of 18.87% during the forecast period from 2019rnto 2025. The geographic analysis of the digital transformation market hasrnbeen done for North America (the US, Canada, and Mexico), Europe (Germany, thernUK, France, Spain, Norway, Benelux, and Italy), Asia-Pacific (China, Japan,rnIndia, South Korea, Australia, Malaysia, Indonesia, and the Philippines),rnMiddle East and Africa (Saudi Arabia, Israel, Turkey, and South Africa)rnand South America (Brazil, Peru, Chile, and Argentina).
North America is currently dominating the global digital transformationrnmarket. The US followed by Canada is leading the market. Well-establishedrninfrastructure, developed economy, and availability of skilled experts in thernUS are some of the prime factors driving the digital transformation market inrnthe country. Furthermore, BFSI, communications, retail, and government are thernkey markets in the US for digital transformation.
Europe is the second-highest contributor in terms of market share in thernglobal digital transformation market. Enterprises across the UK, Germany,rnSpain, and Norway, among others, are witnessing significant adoption of digitalrntechnologies such as cloud computing, AI, and IoT in order to streamline theirrnbusiness operations and production facilities.
Asia-Pacific region is projected to grow at the fastest CAGR in thernglobal digital transformation market. Growing adoption of cloud-based servicesrnand government initiatives supporting digitalization across countries hasrnincreased the demand for cloud-based and AI-enabled solutions. Furthermore, therngrowing number of SMEs across the region opting for cloud-based services isrnfurther contributing to the market growth.
Key Players
MRFR has considered IBM Corporation (US), Microsoft Corporation (US), SAPrnSE (Germany), Google (US), Dell EMC (US), Accenture Plc (Ireland), CiscornSystems, Inc. (US), Oracle Corporation (US), Tibco Software Inc (US), HewlettrnPackard Enterprise (US), Cognizant (US), Marlabs (US), Equinix Inc. (US), CArnTechnologies (US), Rockwell Automation Inc. (US), Salesforce.com, Inc. (US) andrnHCL Technologies (India) as some of the key players in the Global DigitalrnTransformation market.
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DigitalrnTransformation Market Research Report: by Technology (Cloud Computing, Big Datarn& Analytics, Artificial Intelligence (AI), Internet of things (IoT),rnBlockchain), By Deployment (On-premise and On-cloud), By Organization Sizern(Small and Medium-Sized Enterprises, Large Enterprises), By Vertical (BFSI,rnHealthcare, IT and Telecommunication, Government, Retail, Education and Media &rnEntertainment), by Region (North America, Europe, Asia-Pacific, Middle East,rnand Africa, South America) - Forecast till 2025
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