Europe Digital Transformation Market: Industry Analysis by Trends, Top Companies, Emerging Growth Factors and Regional Forecast to 2027

A comprehensive overview of the Europe Digital Transformation market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the digital transformation market in the Europe region. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Europe Digital transformation market at the country levels. The Europe digital transformation market is expected to grow at a CAGR of 16.14% from 2021-2027 to reach USD 916.7 billion by 2027.

Market Overview
With the explosion of cloud computing and technologies, data breaches have become more prevalent. As a result, Data breaches are happening all over the world with high-risk consequences for individuals as well as businesses. For instance, Netherlands ranks first with over 15 thousand cases during the second half of 2018 and more than 25 thousand ones over 2019. Since the implementation of European wide General Data Protection Regulation (GDPR) in 2018, the highest number of personal data breaches as of January 2021 were reported in Germany, accounting for a total of 77,747 personal data breaches. In addition, as per a survey conducted for Europe, almost (64%) of service providers in the European Union Agency for Cybersecurity (ENISA) stated that they performed audits and used software monitoring tools to secure their networks and look for breaches.

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One of the major barriers specific to Europe digital transformation is an unfavorable firm-size distribution. There is many SME’s operating in the European region that do not invest in digital technologies. These firms consider labor market regulations, business regulations and the lack of external finance as major obstacles to digital technology investment, which may further exacerbate the delay in digital technology adoption in the region. For Instance, There were approximately 25.1 million small and medium-sized enterprises (SMEs) in the European Union in 2018, with majority enterprise being micro-sized firms, with only fewer employee of less than 9 people. Further 1.47 million enterprises were small firms with between 10 and 49 employees and approximately 236 thousand were medium-sized firms that had 50 to 249 employees.

COVID-19 Impact
Customers and Companies around the Europe have altered significantly since the beginning of COVID-19 pandemic in the beginning of 2020, among which the increased adoption of technological advanced products. Owing to Covid-19 majority of the businesses where closed, and to reach major customer group, companies have moved to technology to get in touch and communicate with the end-customers.

Europe Digital transformation market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Component, the market is primarily bifurcated into:
• Solutions
o Cloud Computing
o Big Data & Analytics
o Mobility
o Disruptive Technology
o Social Media
• Services
o Professional Services
o System Integration

Solutions segment dominated the Europe digital transformation market, accounting for more than 79% share in 2020. However, service segment is expected to witness highest growth during the analysis period.

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By Deployment Type, the market is mainly segmented into:
• On-Premises
• Cloud

Amongst deployment types, the cloud deployment model dominated the market in 2020. On-Premise’s segment is expected to witness CAGR growth of 13.83% during the forecast period.

By End-User, the market is primarily studied into:
• Large Enterprise
• Small and Medium Enterprises

Owing to high up-front cost associated with digital transformation, large enterprises were the major market for the technology. Small and Medium enterprises accounted for around 37% share in 2020.

By Industry Vertical, the market is primarily studied into:
• Banking Financial Services & Insurance (BFSI)
• Government
• Healthcare
• Telecommunication & IT
• Automotive
• Education
• Retail & Consumer Goods
• Media & Entertainment
• Manufacturing
• Others

Banking Financial Services & Insurance (BFSI) segment were the largest adopter of digital technologies, to make their financials transaction safer and more accessible to all. However, healthcare segment is expected to witness highest CAGR growth of 18.95% during the forecast period 2021-2027.

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Europe Digital Transformation Market Country Segmentation Includes:
• Europe
o Germany
o UK
o Russia
o France
o Italy
o Spain
o Rest of Euro

Based on the estimation, Germany dominated the market in 2020, and is expected to maintain its dominance during the forecast period. However, Spain is expected to witness highest CAGR growth of 18.51% during the analysis period.

The major players targeting the market includes:
• Adobe Systems Incorporated
• Capgemini
• Cognizant
• Dell
• Google Inc
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE

Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the Europe region. The specialist team of research analysts sheds light on various traits such as Europe market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Europen Digital Transformation market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Europen digital transformation market?
• Which factors are influencing the Europen digital transformation market over the forecast period?
• What are the global challenges, threats, and risks in the Europen digital transformation market?
• Which factors are propelling and restraining the Europen digital transformation market?
• What are the demanding global regions of the Europen digital transformation market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?
• The market report presents the estimated market size of Europen digital transformation market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?
• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?
• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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Client Development Lead
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Email: pawnendra@univdatos.com
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About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

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