Press release
Global Digital Transforming Market is Expected to Thrive at a CAGR of 18.23% by 2023 | Top Key Players – Accenture, Google, Capgemini, Siemens AG, Cognex Corporation
The Digital Transforming market is expected to mask a CAGR of 18.23% during the projected period. Further, the market was calculated at USD 24.02 billion in 2017 and is anticipated to reach a notable valuation by the end of the forecast period. Since the 20th century, the world has witnessed remarkable digital transformations. Digital transforming is the reworking of the products by using different emerging technologies such as IOT (Internet of Things), AI (Artificial Intelligence), mobile technology and other digital innovations. Technology drives the need for digital transforming and supports the digitalization of any successful business organization. Digital transforming is necessary for the business organization for better competence in an economic landscape. This digital transforming is done for the customer treading demand in a market. It covers a wide range of technologies including wireless, sensors, edge computing, big data, and other emerging technologies. Digital transformation trends are changing various industries with their innovating technologies.
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Growth Drivers & Restrain
In this advanced digital technological era, the world is moving towards the digitization which is boosting the market growth of the digital transforming market. Government initiatives to promote digitization technologies is one of the key factors that drive the growth of the digital transforming market. As the local governments are focusing on technology to improve their citizen lives. Such as by using automation technology to improving security and protection lives of citizen and IoT (internet of things) to make cities smarter. These are the two major technology have discovered for the growth of the digital transforming market. Besides this, rising customer demand for smart devices and growing investments in smart technology such as IOT, AI, Big Data, Analytic and others are the major factors for the growth of the digital transforming market. These days Customers are shifting towards the luxurious lifestyle with standardization is one of the major aspects that drive the market growth for digital transforming.
Moreover, the online business systems serving as online shopping for cosmetics, vehicles, accessories, and others leading the growth of the digital transforming market. Based on technology the automation is growing fastest. Since the customers are dependable on automated products and the adoption of wireless communication is the booming the growth of the digital transforming market.
Additionally, the sensors segment is anticipated to contribute to the growth of the market. As sensors make the product intelligence and automated. It can easily detect and analyze the variations in temp, pressure, position, length, and others. In terms of the region, North America is the active region for the digital transforming market. Since the availability of better technology infrastructure in this region is secure as compare to other countries so this factor has encouraged the growth of the market. however, the small security for highly confidential data is one of the restraint factors for the growth of the digital transforming market.
Segmentation
The research offers a comprehensive analysis of digital transforming market with respect to following sub-markets:
By Technology
- IOT (internet of things)
- 3D Printing
- Industrial Robotics
- HMI (Humans and Machine to Interact)
- Big Data
- Analytics
- Others
By End User
- Automotive
- Aerospace
- Defense
- Food & Beverage
- IT (Information Technology)
- Healthcare
- Consumer Appliances
- Pharmaceuticals
- Others
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive landscape
The report profiles various major market players such as,
- Accenture
- Capgemini
- Siemens AG
- Cognex Corporation
- IBM Corporation
- Microsoft Corporation
- Deloitte
- Hewlett-Packard
- Oracle Corporation.
- Adobe Systems Inc.
- Other Prominent Players
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Digital Transforming Market
3. Global Digital Transforming Market Trends
4. Opportunities in Global Digital Transforming Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global Digital Transforming Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Digital Transforming Market Segmentation Analysis, By Technology
8.1. Introduction
8.2. Market Attractiveness, By Technology
8.3. BPS Analysis, By Technology
8.4. IOT (internet of things) Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. 3D Printing Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Industrial Robotics Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. HMI (Humans and Machine to Interact) Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.8. Big Data Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.9. Analytics Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.10. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Digital Transforming Market Segmentation Analysis, By End User
9.1. Introduction
9.2. Market Attractiveness, By End User
9.3. BPS Analysis, By End User
9.4. Automotive Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Aerospace Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Defense Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Food & Beverage Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. IT (Information Technology) Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.9. Healthcare Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.10. Consumer Appliances Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.11. Pharmaceuticals Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.12. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10. Geographical Analysis
10.1. Introduction
10.2. North America Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1. By Technology
10.2.1.1. Introduction
10.2.1.2. Market Attractiveness, By Technology
10.2.1.3. BPS Analysis, By Technology
10.2.1.4. IOT (internet of things) Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.5. 3D Printing Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.6. Industrial Robotics Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.7. HMI (Humans and Machine to Interact) Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.8. Big Data Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.9. Analytics Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.2.1.10. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…
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