Press release
Digital Transformation Market is estimated to Grow at the Highest Growth Rate till 2027 | Key players: SAP, Dell EMC, Google, Accenture PLC, CA Technologies, Cognizant, etc
Digital Transformation Market To Reach USD 1,051.12 Billion by 2026
Market Size - USD 261.94 Billion in 2018, Market Growth - CAGR of 18.2%, Market Trends - constant need for improvement for addressing the changing dynamic customer needs to propel the digital transformation market
According to the current analysis of Reports and Data, the global digital transformation market was valued at USD 261.94 Billion in 2018 and is expected to reach USD 1,051.12 Billion by the year 2026, at a CAGR of 18.2%. The study provides an overall insight into the factors responsible for the growth in the Digital Transformation market. Owing to rising urbanization and digitalization across the world, organizations are switching towards using technology driving solutions to match the rapid pace of business growth and implementation of techniques in today's scenario. Parallel growth of end user Industries like BFSI and Healthcare sectors is expected to drive the digital transformation market. Furthermore, digital transformation has helped organizations in expanding customer base through better interactions and swifter customer support services.
This report covers the recent COVID-19 incidence and its impact on Digital Transformation. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
To get a Sample PDF of the Digital Transformation Market Study (Including the detailed TOC, Graphs, Charts, Tables, and Figures), visit @ https://www.reportsanddata.com/sample-enquiry-form/2086
Key participants in the market research study IBM Corporation, Microsoft Corporation, SAP, Dell EMC, Google, Accenture PLC, CA Technologies, Cognizant, Adobe Systems, Oracle Corporation, Hewlett Packard Enterprise, HCL Technologies, TIBCO Software, Marlabs, and Equinix.
For the purpose of this report, Reports and Data have segmented the digital transformation market on the basis of technology, component type, business function, deployment type, end-user, and region:
Component type (Revenue in USD Million; 2016-2026)
Solution
Service
Professional Services
Managed
Technology (Revenue in USD Million; 2016-2026)
Cloud Computing
Big Data & Analytics
Mobility/Social Media
Cybersecurity
Artificial Intelligence (AI)
Internet of Things (IoT)
Others
Business Function (Revenue in USD Million; 2016-2026)
Customer Transformation
Workforce Transformation
Operational Transformation
Product Transformation
Deployment type (Revenue in USD Million; 2016-2026)
On-Premises
Cloud
Organization Size type (Revenue in USD Million; 2016-2026)
Large Enterprises
Small and Medium Scale Enterprises.
Fill all the required details to get the Discount on this Report @ https://www.reportsanddata.com/discount-enquiry-form/2086
End-User (Revenue in USD Million; 2016-2026)
BFSI
Government
Healthcare
IT & Telecom
Manufacturing
Retail
Others
Market Segmentation by Regions:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
To buy this research report on the Digital Transformation Market segmented by Types, Applications, Regions, and Manufacturers, Forecast to 2026 @ https://www.reportsanddata.com/checkout-form/2086
Further key findings from the report suggest
Digital transformation market is growing at a CAGR of 3% in Asia Pacific followed by North America and Europe.
The artificial intelligence segment is forecasted to have the fastest growth rate due to the increasing implementation of AI and ML in different end-user industries
The Big Data segment has the largest market share of 28% in the market. The large scale generation of data and the ability to generate actionable insights from the data is the major factor for the adoption of big data technologies in the industries and enterprises
The workforce transformation segment is estimated to have the largest market size of USD 83.8 Billion in 2018. The enterprises are adopting digital transformation solutions to make the workforce more efficient leveraging the automation and analytics solutions for daily operations
Due to modernization, rising standards of living and increasing per capita GDP, people are shifting towards using more and more technologically advanced electronic devices in their homes and as wearables as well, helping the digital transformation market grow.
Governments are investing in digital transformation to help modernize and secure the state-run services, which generate a large amount of revenue. Furthermore, biometrics are also used by Governments to maintain secrecy and confidentiality in internal affairs and workings.
Browse through the Complete Report @ : https://www.reportsanddata.com/report-detail/digital-transformation-market
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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John Watson
Head of Business Development
Reports And Data
40 Wall St. 28th floor New York City,
United States, 10005
E-mail: sales@reportsanddata.com
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
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