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North America holds a significant share of the overall market due to the rapid internet penetration in the region. Additionally, the adoption of the latest technological advancements by the major companies is also aiding the market growth. Moreover, the prevalence of Industry 4.0 and the surge of automation are further invigorating the market growth. The escalating use of robots in various industrial applications to boost productivity and efficiency is augmenting the market growth. In addition, the wide presence of various small and medium-sized enterprises in countries such as the United States and Canada due to favourable government policies, which are rapidly using technologies for efficient services, are augmenting the market growth. The Asia Pacific region is expected to witness significant growth in the forecast period. This is due to rapid industrialisation in countries such as China and India. Moreover, the introduction of favourable government initiatives to aid digitisation in the private and public sector is further propelling the market growth, therefore contributing to the overall market growth.
IBM Corporation (NYSE: IBM), one of the major companies in the market, announced advances in artificial intelligence (AI), hybrid cloud, and quantum computing to accelerate digital transformation in May 2021. It would aid its clients and partners in building strategic ecosystems that can result in better business outcomes. The advancement in artificial intelligence (AI) aids in automating customers’ behaviour while unifying and managing data anywhere with a cloud. The advances enable companies to develop, deploy, and operate information technology (IT) and modernise applications. The adoption of innovative advancements in digital transformation is expected to aid the market growth in the forecast period.
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The major players in the global market for digital transformation are Microsoft Corporation, Dell Inc., Adobe Inc., Accenture PLC., and Genpact, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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