Digital Transformation: : An urgent present and a bright future

Meticulous Research® – leading global market research company is researching on digital transformation market titled “Digital Transformation Market ” by Technology (IoT, Cloud, Big Data, AI), Process Transformation (Customer, Operation, Product, Workforce), End-use Industry (Retail, Healthcare, Manufacturing, Insurance), Industry Size – Global Forecast to 2025.

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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. 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.

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Healthcare sector is witnessing strong growth across global digital transformation market

What factors contribute to the high growth of digital transformation in the healthcare sector?
Which geographic segment is expected to experience the fastest growing digital transformation in the healthcare sector?
Global Digital Transformation market favors both larger and local manufacturers that compete in multiple segments

What are the top competitors in this market and what strategies do they employ to gain shares?
What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
What strategies should new companies look to enter this market use to compete effectively?
What are the major drivers, restraints, and opportunities in the global digital transformation market?
Who are the major players in various countries and what share of the market do they hold?
What are the geographical trends and high growth regions/ countries?
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.

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Growing adoption of IoT technology in developing countries will propel the global digital transformation market

How does the adoption of IoT technology in developed regions differ from the adaptation of artificial intelligence and robotic process automation in the digital transformation market?
Which are the high growth market segments in terms of type, regions, and countries?
How is the competition between the major and prominent local players in this market?
What impact does this have on the adoption of IoT technology in comparison to other conventional technology for global digital transformation market?
What are the geographical trends and high growth regions/ countries?
Conversely, which geographic segment is expected to experience the fastest growth for IoT technology in digital transformation?

Key Players

The key players operating in the global digital transformation market are Dell Emc, Cognizant, Accenture PLC, Google, 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 and Space-O Technologies.

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.

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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. 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. 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.

Here are the top Market companies in the world::
https://meticulousblog.org/top-10-companies-in-digital-t ransformation-market/

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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, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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