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Global Digital Transformation Market: By Technology: Industrial Robotics, Internet of Things, Big Data and Analytics, Others; By End Use; Automotive, Food and Beverage, IT and Telecom, Retail, BFSI, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Digital Transformation Market Outlook

The global digital transformation market attained a value of nearly USD 995 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 18%.

 

Rapid Digitisation of Various Industries and Organisations Boosting the Growth of the Digital Transformation Industry

The increasing adoption of various technologies to create new processes, services, products, and business models through the use of digital tools is escalating the demand for digital transformation, therefore propelling the market growth. Moreover, with the rising penetration of smartphones and the internet, various organisations and sectors are promoting digitisation by enabling the use of the latest technology for increased efficiency and productivity. As digital transformation can integrate applications, databases, and software for business intelligence and improve productivity, it is increasingly used by organisations to transform consumer experience, which is further boosting the market growth. The rising demand for faster and cost-effective innovations through the use of technologies like blockchain, machine learning, and quantum computing, are also augmenting the market growth.

 

Digital Transformation Market

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Digital transformation is crucial in revolutionising various industries, including healthcare. Digital transformation in the healthcare sector aids healthcare providers to streamline operations and improves their consumer services through various technologies. The rising use of wearable devices, virtual reality, and big data is bridging the gap between healthcare providers and patients. Hence, increasing investments and focus on digital health are expected to bolster the growth of the digital transformation industry. Moreover, the rapid adoption of cloud deployment is resulting in the integration, automation, and improvement of businesses, hence are providing further impetus to the market growth.

 

Digital Transformation: Industry Definition and Segmentation

Digital transformation is a process of the adoption of digital technology to create either new or modify business processes and consumer experiences to increase efficiency and enhance automation. It enables reimagining business processes through the use of the latest technological advancements.

The major technologies of digital transformation are:

  • Industrial Robotics
  • Internet of Things
  • Machine Learning and Artificial Intelligence
  • Big Data and Analytics
  •  Advanced Human Machine Interface (HMI)
  • 3D Printing/Additive Manufacturing
  • Others

On the basis of end use, the industry is classified into:

  • Automotive
  • Food and Beverage
  • IT and Telecom
  • Retail
  • BFSI
  • Others

The EMR report looks into the regional markets of digital transformation like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Technological Advancements like Machine Learning and Artificial Intelligence to Bolster the Industry Growth

Technological advancements like artificial intelligence (AI) can provide meaningful insight to companies to improve their customers’ experience, improve products and services, and create innovative strategies. Artificial intelligence can reveal customer preferences and trends as well as reinforce personalised experiences for better customer satisfaction and effective marketing strategies. Moreover, it can increase operational efficiency, mitigate risks, and accelerate growth and innovation while increasing profitability. These benefits are increasing the adoption of digital transformation in various businesses, hence aiding the market growth. As the coronavirus pandemic and stay-at-home orders have increased the use of technologies for almost every application significantly, digital transformation too is witnessing a significant boom owing to the digitisation of their customer and supply chain interactions.

Additionally, the mainstreaming of 5G network due to the increasing demand for reliable connectivity and bandwidth is further bolstering the market growth. The rising demand for automation in various industries and organisations to improve business processes and enhance productivity is increasing the demand for digitisation, further propelling the market growth. Increasing investments by various organisations to improve customer service and data analytics by the adoption of several technologies are expected to aid the market growth. Moreover, the rise of the Internet of Behaviour (IoB), which can not only gather the data on a massive scale but also use the information to influence behaviour through feedback loops, is further accelerating the growth of the digital transformation industry.

 

Key Industry Players in the Global Digital Transformation Market

The report presents a detailed analysis of the following key players in the global digital transformation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Google LLC
  • Accenture PLC.
  • Siemens AG
  • Hewlett Packard Company
  • IBM Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Digital Transformation Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Digital Transformation Historical Market (2016-2020) 
    8.3    Global Digital Transformation Market Forecast (2021-2026)
    8.4    Global Digital Transformation Market by Technology
        8.4.1    Industrial Robotics
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Internet of Things
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Machine Learning and Artificial Intelligence
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Big Data and Analytics
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Advanced Human Machine Interface (HMI)
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    3Dd Printing/Additive Manufacturing
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Others
    8.5    Global Digital Transformation Market by End Use
        8.5.1    Automotive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Food and Beverage
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    IT and Telecom
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Retail
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    BFSI
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Others
    8.6    Global Digital Transformation Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Google LLC
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Accenture PLC.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Siemens AG
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Hewlett Packard Company
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    IBM Corporation
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Digital Transformation Market: Key Industry Highlights, 2016 and 2026
2.    Global Digital Transformation Historical Market: Breakup by Technology (USD Million), 2016-2020
3.    Global Digital Transformation Market Forecast: Breakup by Technology (USD Million), 2021-2026
4.    Global Digital Transformation Historical Market: Breakup by End Use (USD Million), 2016-2020
5.    Global Digital Transformation Market Forecast: Breakup by End Use (USD Million), 2021-2026
6.    Global Digital Transformation Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Digital Transformation Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Latin America Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Global Digital Transformation Market Structure

Key Questions Answered in the Report

In 2020, the global digital transformation market attained a value of nearly USD 995 billion.

The market is projected to grow at a CAGR of 18% between 2021 and 2026.

The industry is being driven by the rapid digitisations of various businesses and organisations.

The market is expected to be driven by trends such as automation in various industries, digitisation of supply chains, and technological advancements.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major technologies of digital transformation in the industry are industrial robotics, Internet of Things, machine learning and artificial intelligence, big data and analytics, advanced human machine interface (HMI), and 3D printing/additive manufacturing, among others.

The significant end uses in the market are automotive, food and beverage, IT and telecom, retail, and BFSI, among others.

The major players in the industry are Google LLC, Accenture PLC., Siemens AG, Hewlett Packard Company, and IBM Corporation, among others.

Analyst Review

The global digital transformation market attained a value of USD 995 billion in 2020, driven by the rapid digitisation of various organisations. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 18%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technologies, the digital transformation industry can be segmented into industrial robotics, Internet of Things, machine learning and artificial intelligence, big data and analytics, advanced human machine interface (HMI), and 3D printing/additive manufacturing, among others. On the basis of end uses, the industry is divided into automotive, food and beverage, IT and telecom, retail, and BFSI, among others. The major regional markets for digital transformation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Google LLC, Accenture PLC., Siemens AG, Hewlett Packard Company, and IBM Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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