Press release
COVID 19 Impact Analysis of Digital Transformation Market 2020: Market Size, Demand, Market Shares, Growth, Trends and Forecasts to 2027
COVID 19 Impact Analysis of Digital Transformation Market
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
This is the latest report covering the current COVID-19 scenario. The coronavirus pandemic has greatly affected every aspect of the worldwide industry. It has brought along various changes in market conditions. The rapidly changing market scenario and the initial and future assessment of the aftereffects are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with historical data.
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The geographical regions mapped in the report are:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
The market research report sheds light on both macro- and micro-economic factors. The report also highlights the regulatory framework that will play a vital role in shaping the future of the global Digital Transformation market. Additionally, the report studies the prevailing pricing structure, emerging areas of applications, and prominent investment opportunities that exist in the global market. It delivers extensive analysis of how the projected growth factors will be shaping the overall market dynamics in the upcoming years. Moreover, it also provides meaningful and actionable insights on the latest trends that are developing in the current market scenario and which will prove to be helpful for the future of the global Digital Transformation market.
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
Large Enterprises invest heavily in having on premises deployment of digital transformation as it helps them in having total control over the confidential data collected through these sensors. Dedicated servers help in installation of a network of customized digital transformation which suit the demand of the organization perfectly.
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Some key players mentioned in the research report are:
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.
The global Digital Transformation market can be segmented into:
Component type (Revenue in USD Million; 2016–2026)
• Solution
• Service
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.
End-User (Revenue in USD Million; 2016–2026)
• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others
Browse the full report @ https://www.reportsanddata.com/report-detail/digital-transformation-market
The Digital Transformation Market report delivers the principle locale, latest economic situations with the item value, benefits, production capacity, demand and supply, market growth rate, and others. Additionally, the report performs SWOT analysis, speculation attainability investigation, and venture return investigation.
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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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