Digital Transformation Market By 2019-2026 With Dell EMC, IBM, Oracle, CGI, PwC, Capgemini, Google, Microsoft, HP, Cognizant, Apple, SAP, Kellton Tech Solutions Limited, Cognex Corporation, Booz & Company, CA Technologies, Adobe
The main purpose behind developing this digital transformation report is to understand the most affecting driving and restraining forces in the market and its impact in the global market. Digital transformation report has uncovered rapid development in the current and past years and is probably going to proceed with a continuing development in the upcoming years. In this digital transformation report, the experts have offered essential figures which relates to the production and consumption forecast for the major regions that the market is categorized into, production forecast by type, and consumption forecast by application.
Global digital transformation market is expected to rise from its initial estimated value of USD 299.30 billion in 2018 to an estimated value of USD 1223.97 billion by 2026, registering a CAGR of 19.25% in the forecast period of 2019-2026. Increasing adoption of cloud platform is the major factor for the growth of this market.
Market Definition: Global Digital Transformation Market
Digital transformation is the use of digital technology in different areas of business to solve problems. It also changes a way, that how a business operate and deliver values to the customers. It also helps the organization to compete better in the market by making changes as per the new technologies. Digital transformation helps the company to reach to the large masses easily.
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· Increasing demand for mobile phones is driving the market.
· Growth in usage of IoT based products and solutions in businesses and various organisations
· Increasing privacy and security concern among population is restraining market.
· Lack of skilled and trained professionals.
Key Developments in the Market:
· In November 2018, Oracle announced the launch of their new customer innovation centre which is mainly focused on digital transformation for the public sector in Brazil. This mainly focuses on transport, security and health and involves technologies including artificial intelligence, Internet of Things (IoT) and blockchain. The main aim of the company is to promote this idea in all the sectors of government.
· In December 2018, Australia has published a Digital Transformation Strategy whose main motive is to create a digital identity system for users so that they can easily access all the government services digitally by 2025. Eligibility for different services and payments reminders can be easily known through this new service.
Major Market Competitors/Players
Few of the major competitors currently working in the digital transformation market are Cognizant, Dell Inc., Microsoft, Adobe, Accenture, Capgemini, IBM Corporation, Oracle, Google, Hewlett Packard Enterprise Development LP, Broadcom., EMC Corporation., PwC, Deloitte, COGNEX CORPORATION, SAP SE, Deloitte, Siemens, PwC, COGNEX CORPORATION.
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Global digital transformation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital transformation market for global, Europe, North America, Asia Pacific and South America.
Segmentation: Global Digital Transformation Market
· By Component
Big Data & Analytics
· Internet of Things (IoT)
· Blockchain Technology
· Artificial Intelligence (AI)
§ Professional Services
§ System Integration
· By Deployment Type
· By End User
o Small & Medium Businesses (SMBS)
· By Vertical
o Banking Financial Services & Insurance (BFSI)
o Telecommunication & IT
o Retail & Consumer Goods
o Media & Entertainment
· By Services
· By Technology
o Industrial Robotics
o Internet of Things
o 3d Printing/Additive Manufacturing
o Advanced Human Machine Interface (HMI)
o Big Data and Analytics
o Machine Learning and Artificial Intelligence
· By Geography
Rest of South America
Rest of Europe
Rest of Asia-Pacific
Middle East and Africa
United Arab Emirates
Rest of Middle East and Africa
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