Digital Transformation Market Competitive Growth Projections | SAP AG (Germany), Oracle Corporation (U.S. office), Dell EMC (U.S.), CA Technologies (U.S.), IBM Corporation (U.S.Office), Google, Inc. (U.S.), Adobe Systems (U.S.), Hewlett-Pack

New York (08-05-2020) - A new market study is released on the Global Digital Transformation Market with data Tables for historical and forecasts years represented with Chats & Graphs spread through Pages with easy to understand detailed analysis. This Digital Transformation report contains detailed information about market drivers and market restraints which assist businesses in guessing about reducing or increasing the production of a particular product. Efficient and advanced tools and techniques are used to prepare this report that includes SWOT analysis and Porter's Five Forces Analysis. All the market parameters included in this Digital Transformation market document are studied and analyzed by a team of innovative, enthusiastic, and motivated researchers and analysts so that nothing gets missed out in the report. The competitive analysis studied in this Digital Transformation market analysis report lends a hand to get ideas about the strategies of key players in the market.

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% forecast to-2026. Increasing adoption of cloud platform is the major factor for the growth of this market.

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Digital transformation is the usage of digital technologies such social media, cloud computing, mobility and analytics to improve the business process. The continuous requirement of digital evolution for business growth to help in overall business efficiency and reduction of operational cost and at the same time keep a live track on business activities are some of the factors compelling businesses to be a part of the digital transformation. Digital transformation is the final outcome for a company, after use of software applications and various digital technologies.

The outbreak of pandemic COVID-19 all over the world has disturbed the economic and financial structures of the whole world. The world's topmost economies such as the US, China, UK, Germany, France, Italy, Japan, and many others are on the verge of collapse. Our Analysts at Data Bridge Market Research has conducted a special survey and have connected with opinion leaders and industry experts from the various region to minutely understand the impact on growth as well as local reforms to fight the situation. A special chapter in the study presents Impact Analysis of COVID-19 on Global Digital transformation Market along with tables and graphs related to various countries and segments showcasing impact on growth trends.

Market Drivers:

Increasing demand for mobile phones is driving the market.
Growth in usage of IoT based products and solutions in businesses and various organizations

Market Restraints:

Increasing privacy and security concerns among the population is a restraining market.
Lack of skilled and trained professionals.

The digital transformation market growth is also due to its ability to reach bigger audience and provide better customer experience. The number of manufactures v/s consumers is high and hence businesses face tough competition. Hence apart from product quality, the customer experience is another factor influencing business growth. However, factors related to security and privacy impact the use of digital solutions by most industry verticals. Furthermore, factors like space for implementation across all types of SMEs has led to chances for the members of the value chain, and growing use of digital solutions has led to huge scope for the market to grow and expand. With the growing demand, companies are in search of new ways to create a robust infrastructure. Digital transformation market growth is also due to the fact, that companies in various sectors are working along with digital transformation market leaders to develop in-house solutions as per their business requirements.

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.

The market requirement for AI, machine learning and Industry Automation is growing at a considerable pace and is predicted to keep growing in the near future. These systems help to regularize the process at the same time ensure that there is reduction of waste, effortless waste and speed of production to give businesses the competitive edge.

Key Developments in the Market: Digital transformation 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.

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The digital transformation services market size is segmented by component, deployment, and end-user and based on geography. Based on components it is divided into solution and services. The solution segment is further segmented into big data and analytics, mobility, IOT and artificial intelligence. Digital transformation services market size is subdivided into professional services and managed services.

On the type of deployment the digital transformation market is divided cloud and on-premise deployment. The end user segmented can be categorized into healthcare, BFSI, retail, education, IT and telecom, manufacturing and many others. The geographic division is North America, Europe, Asia-Pacific (APAC), South America (SA) and Middle East and Africa (MEA).

Competitive Landscape: Digital transformation Marlet

The key players in digital transformation market growth are companies SAP AG (Germany), Oracle Corporation (U.S. office), Dell EMC (U.S.), CA Technologies (U.S.), IBM Corporation (U.S.Office), Google, Inc. (U.S.), Adobe Systems (U.S.), Hewlett-Packard (HP) (U.S.) and many other companies.

Key Market Segmentation: Digital transformation Market

By Component:

Solution (Big data and analytics, Mobility, IOT and Artificial Intelligence)
Services (Professional services and Managed services)

By type of deployment:

Cloud
On-premise

By end-user:

Healthcare
BFSI
Retail
Education
IT and Telecom
Manufacturing
Others

By geography:

North America
Europe
Asia-Pacific (APAC)
South America (SA)
Middle East and Africa (MEA).

What to expect from the upcoming report on 'Digital transformation Market':

- Future prospects and current trends of the Digital transformation market by the end of forecast period
- Information regarding technological progressions as well as innovations across the world
- In-depth analysis of different market segmentations including regional segmentations, applications and types.
Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market.
- Trends, drivers, opportunities, restraints, challenges and key developments in the market

Who should buy this report?

Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers, researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

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.

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This release was published on openPR.