— Digital Transformation is the incorporation of digital technology across different businesses in order to enhance business operations and delivery of value to customers. Over the past decade, technologies such as the internet of things (IoT), artificial intelligence (AI), cloud computing, and big data analysis, among others are drastically changing the face of modern organizational structures by improving efficiency, reducing operating expenses and raising the level of customer satisfaction.
Meticulous Research® in its latest publication on the Digital Transformation market states that the global Digital Transformation market will increase at a CAGR of 20.3% from 2019 to 2025 to reach $4,440.3 billion by 2025.
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The growth of the global digital transformation market is mainly attributed to a rising number of government initiatives & policies towards digitization in both developed and developing nations, lack of skilled workers in traditional manufacturing, and growing e-commerce industry. Besides, technologies such as robotic manufacturing and artificial intelligence are also encouraging the manufacturers across the globe to understand the needs of consumers and expedite the manufacturing process accordingly. Although lack of infrastructure and high cost of transformation is restraining the overall market growth; the need for technological transformation of business processes is expected to lead investments in this area, and drive the market growth throughout the forecast period.
In order to provide in-depth analysis, Meticulous Research has segmented this market on the basis of technology (internet of things (IoT), cloud computing, big data analytics, artificial intelligence (AI), cybersecurity, mobility solution, augmented reality/virtual reality (AR/VR), robotic process automation, and others), end-use industry (retail, government & public sector, healthcare, supply chain & logistics, utilities, manufacturing, insurance, IT & Telecom, media & entertainment, banking & financial services, education, and others), industry size (small & medium enterprises and large enterprises), process (customers transformation, operational transformation, product transformation, and workforce transformation) and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
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Table of Contents:
1. Introduction to Digital Transformation Market
1.1. Market definition
1.2. Scope of study
1.3. Global Digital Transformation Market Ecosystem
1.4. Currency & Limitation
1.5. Key Stake Holders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Analytics
3. Executive Summary
4. Market Insights
4.2. Market Dynamics
4.3. Regulatory Analysis
4.4. Case Studies
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Digital Transformation Market Segmentation::
Digital Transformation Market, by Technology
Big Data Analytics
Robotic Process Automation
Digital Transformation Market, by End User Industry
Government & Public Sector
Supply Chain & Logistics
It & Telecom
Median & Entertainment
Banking & Financial Services
Digital Transformation Market, by Industry Size
Small & Medium Enterprises
Digital Transformation Market, by Process
Digital Transformation Market, by Region
Rest of Europe
Rest of Asia-Pacific
Rest of World
The Middle East and Africa
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Geographically, North America commanded the largest share of the digital transformation market, followed by the Asia Pacific and Europe, respectively. North America and Europe hve several countries with the highest technology adoption rates and acceptance towards novel technologies. North America is also home to most of the leading players in the digital transformation industry. The presence of leading players from all industry sectors that are open to technological transformations of their businesses are contributing to the further growth of the digital transformation market in these regions. However, the emerging economies, such as China and India are increasingly becoming growth engines of the global digital transformation market. The Asia Pacific has already become a major hotspot within the digital transformation market. The region recently took over Europe in terms of market share with the wave of digitization among developing countries of the region.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Dell EMC (U.S.), Cognizant (U.S.), Accenture PLC (Ireland), Google (U.S.), Capgemini (France), Siemens AG (Germany), Cognex Corporation (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Deloitte Touche Tohmatsu Ltd. (U.S.), PricewaterhouseCoopers (PWC) (U.K.), Hewlett-Packard Company (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Adobe Systems Inc. (U.S.), Hakuna Matata Solutions, ScienceSoft Inc.(U.S.), SumatoSoft (U.S.), and Space-O Technologies (India).
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