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Global Digital Transformation Market: By Technology: Cloud Computing, Artificial Intelligence, Big Data and Analytics, Mobility/Social Media, Others; By Deployment Type; By Organisation Size; By Industry; 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:

  • Cloud Computing 
  • Artificial Intelligence
  • Big Data and Analytics
  • Mobility/Social Media   
  • Cybersecurity   
  • Internet of Things

By deployment type, the market is segmented into: 

  • On-Premises
  • Cloud

Based on organisation size, the market is divided into:

  • Small and Medium Sized Enterprises
  • Large Enterprises

On the basis of industry, the market is classified into:

  • Banking, Financial Services and Insurance
  • IT and Telecom
  • Manufacturing
  • Education
  • Retail
  • Media and Entertainment
  • Government

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:

  • Microsoft Corporation
  • Dell Inc.
  • Adobe Inc.
  • Accenture PLC.
  • Genpact
  • 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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Deployment Type, Organisation Size, Industry, Region
Breakup by Technology Cloud Computing, Artificial Intelligence, Big Data and Analytics, Mobility/Social Media, Cybersecurity, Internet of Things
Breakup by Deployment Type On-Premises, Cloud
Breakup by Organisation Size Small and Medium Sized Enterprises, Large Enterprises
Breakup by Industry Banking, Financial Services and Insurance, IT and Telecom, Manufacturing,
Education, Retail, Media and Entertainment, Government
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio,
Demographic Reach and Achievements, Certifications
Companies Covered Microsoft Corporation, Dell Inc., Adobe Inc., Accenture PLC, Genpact, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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    Cloud Computing 
            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    Artificial Intelligence    
            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    Big Data and Analytics    
            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    Mobility/Social Media   
            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    Cybersecurity   
            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    Internet of Things
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
    8.5    Global Digital Transformation Market by Deployment Type
        8.5.1    On-Premises
            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    Cloud
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Digital Transformation Market by Organisation Size
        8.6.1    Small and Medium Sized Enterprises
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Large Enterprises
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Digital Transformation Market by Industry
        8.7.1    Banking, Financial Services and Insurance
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    IT and Telecom
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Manufacturing
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Education
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Retail
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2016-2020)
            8.7.5.3    Forecast Trend (2021-2026)
        8.7.6    Media and Entertainment
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2016-2020)
            8.7.6.3    Forecast Trend (2021-2026)
        8.7.7    Government
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2016-2020)
            8.7.7.3    Forecast Trend (2021-2026)
    8.8    Global Digital Transformation Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    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    Microsoft Corporation
            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    Dell Inc.
            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    Adobe Inc.
            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    Accenture PLC
            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    Genpact
            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 Development Type (USD Million), 2016-2020
5.    Global Digital Transformation Market Forecast: Breakup by Development Type (USD Million), 2021-2026
6.    Global Digital Transformation Historical Market: Breakup by Organization Size (USD Million), 2016-2020
7.    Global Digital Transformation Market Forecast: Breakup by Organization Size (USD Million), 2021-2026
8.    Global Digital Transformation Historical Market: Breakup by Industry (USD Million), 2016-2020
9.    Global Digital Transformation Market Forecast: Breakup by Industry (USD Million), 2021-2026
10.    Global Digital Transformation Historical Market: Breakup by Region (USD Million), 2016-2020
11.    Global Digital Transformation Market Forecast: Breakup by Region (USD Million), 2021-2026
12.    North America Global Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
13.    North America Global Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Europe Global Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Europe Global Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Asia Pacific Global Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Asia Pacific Global Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Latin America Global Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Latin America Global Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Middle East and Africa Global Digital Transformation Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Middle East and Africa Global Digital Transformation Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    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 digitisation 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 cloud computing, artificial intelligence, big data and analytics, mobility/social media, cybersecurity, and internet of things.

The significant deployment types in the industry are on-premises and cloud.

The different organisation sizes in the industry are small and medium sized enterprises, and large enterprises.

The significant industries in the market are banking, financial services and insurance, IT and telecom, manufacturing, education, retail, media and entertainment, and government.

The major players in the industry are Microsoft Corporation, Dell Inc., Adobe Inc., Accenture PLC., and Genpact, among others.

Analyst Review

The global digital transformation market attained a value of about 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 cloud computing, artificial intelligence, big data and analytics, mobility/social media, cybersecurity, and internet of things. By deployment types, the industry is bifurcated into on-premises and cloud. Based on organisation sizes, the industry is classified into small and medium sized enterprises, and large enterprises. On the basis of industries, the industry is divided into banking, financial services and insurance, IT and telecom, manufacturing, education, retail, media and entertainment, and government. 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 Microsoft Corporation, Dell Inc., Adobe Inc., Accenture PLC., and Genpact, 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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