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Digital Transformation Market is Expected to grow at a CAGR of 22.7% from 2019 to Reach $3,294 Billion by 2025|Top Key Players are Accenture,PwC,Opus Consulting,J.P. Morgan,Deloitte US,McKinsey,Capgemini
According to this latest publication from Meticulous Research Digital Transformation market states that the global Digital Transformation market will increase at a CAGR of 22.7% from 2019 to 2025 to reach $3,294.0 billion by 2025.
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Increasing adoption of IoT across the globe is a key factor driving global digital transformation market. IoT helps to build smart products through new functionality, reliability, greater product capabilities, and product utilization. Many companies are considering IoT to be a strategic tool for business scalability and are helping businesses to generate new and innovative user experiences. As a result, companies are moving toward digital transformation. For instance, in 2015, the Government of India launched 'Digital India' program, a plan to digitize government processes is further aiding the growth of IoT market in India. Thus, increasing adoption of IoT by businesses as well as government, is driving global digital transformation market. According to an article published by Digital Marketing Institute, 50% of the Global 2000 companies will be relying on the products, services & experiences based on digital transformation by 2020. Consequently, digital transformation market is expected to grow with a growth rate of 15.8% and cross the mark of $3 Bn by 2025
Internet of Things (IoT) is projected to Register Exponential Growth during the Forecasted Period in the Digital Transformation Market
on the basis of technology, the digital transformation market is segmented into iot, cloud computing, big data analytics, artificial intelligence, cybersecurity, mobility solutions, ar/vr, and robotic process automation among others. among these, iot is expected to be the fastest growing category in the market. IoT is on high growth trajectory driven by digital initiatives of the government and attracting highest FDI. various infrastructural projects such as smart cities and digitalization are creating high growth opportunities giving further push to iot in service sectors namely communication, healthcare, technology, energy, banking, and others.
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The Education Segment is expected to Witness the Highest CAGR during the Forecast Period
On the basis of industry vertical, the education segment of the digital transformation market which compromises academic and research industries is projected to grow at the highest rate in the coming years. Increasing demand for platform independent or cross-platform applications from the education vertical translates into huge growth opportunities for the digital transformation solution vendors.
Scope Of The Report::
Digital Transformation Market, by Technology
IoT
Cloud Computing
Big Data Analytics
Artificial Intelligence
Cybersecurity
Mobility Solutions
AR/VR
Robotic Process Automation
Others
Digital Transformation Market, by End User Industry
Retail
Government & Public Sector
Healthcare
Supply Chain & Logistics
Utilities
Manufacturing
Insurance
It & Telecom
Media & Entertainment
Banking & Financial Services
Education
Others
Digital Transformation Market, by Industry Size
Small & Medium Enterprises
Large Enterprises
Digital Transformation Market, by Process
Customer Transformation
Operational Transformation
Product Transformation
Workforce Transformation
Digital Transformation Market, by Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of World
Latin America
The Middle East and Africa
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Asia-Pacific: Fastest Growing Regional Market
In terms of geography, North America, comprising the U.S. and Canada, is expected to account for the largest share of the global market in 2018. However, Asia-Pacific is expected to witness a rapid growth during the forecast period. The growth of this market is mainly attributed to the global shift of manufacturing from North America & Europe to Asia-Pacific region and related rise in the use of new technologies are majorly attributed to the large of share this region. In addition, rising industrialization, significantly growing automotive and aerospace & aviation industry, infrastructural developments, rising private & government investment in manufacturing sectors, rising demand for various consumer goods from large population base, rising income level, and rising urbanization are the key factors propelling the growth of the Asia-Pacific digital transformation market.
Key Players in the Market
Dell EMC Cognizant
Accenture PLC
Capgemini
Siemens AG
Cognex Corporation
IBM Corporation
Microsoft Corporation
Deloitte Touche Tohmatsu Ltd
PricewaterhouseCoopers (PWC)
The Hewlett-Packard Company
SAP SE
Oracle Corporation
Adobe Systems Inc.
Hakuna Matata Solutions
ScienceSoft Inc
SumatoSoft
Space-O Technologies.
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Automotive Artificial Intelligence Market - Global Opportunity Analysis and Industry Forecast (2019-2025)
https://www.meticulousresearch.com/product/automotive-artificial-intelligence-market-4996/
Artificial Intelligence in Manufacturing Market - Global Opportunity Analysis and Industry Forecast (2019-2025)
https://www.meticulousresearch.com/product/artificial-intelligence-in-manufacturing-market-4983/
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About Meticulous Research
The name of our company defines our services, strengths, and values. Since the inception, we have endeavoured to research, analyze and present the critical market data with great attention to details.
Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
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