Digital Transformation Market is Expected to Grow US$ 2,279.4 Billion by 2025

Digital Transformation market is expected to grow US$ 2,279.4 billion by 2025 from US$ 445.4 billion in 2017. The digital transformation offers solutions and services to various end-users such as BFSI, healthcare, education, retail, IT & Telecom, logistics & transportation, manufacturing, and others. Space for implementation across SMEs provides significant opportunity to the players in the value chain and increasing adoption of digital solutions by different industry verticals offers huge scope to the market to expand are providing significant opportunities for the providers of digital transformation to increase the market share in the regions. With the increasing global competition, business are ensuring their digital presence and are efficiently utilizing digital technology to sustain in the market. Organizations in the present era, regardless of their size, are exploiting digital technologies for effective functioning and cost reduction.

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Although, digitalization is taking place on a huge scale, several SMEs currently are still skeptical about adopting it. Factors such as fear of risks, lack of right understanding, and expenditures incurred on new technologies among others may be responsible for the limited adoption. However, there are several open opportunities for SMEs prevailing in the digital world. They can help the SMEs to efficiently compete with larger enterprises as technology is greatly scalable and flexible.

Additionally, adoption of digital platform provides an opportunity of automating tasks by adoption of technology. Tasks that are highly skillful can be automated through Machine Learning and Artificial Intelligence thus, resulting in cost savings. Further, digitalization of processes help in time-saving and reduction of errors thereby, improving the work quality. Owing to the mentioned advantages, adoption of digital solutions by SMEs is gaining pace consequently, providing potential opportunities to the players the value chain of digital transformation market.

Leading Digital Transformation Market Players:
1.IBM Corporation
2.Accenture PLC
3.SAP SE
4.Microsoft Corporation
5.Oracle Corporation
6.Capgemini SE
7.Adobe Systems Inc.
8.Google Inc.
9.Dell Inc.
10.Cognizant Technology Solutions Corporation

The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global digital transformation market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis.

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