Digital Transformation Market 2022 Analysis by Top Key Players – Google LLC, Siemens AG, IBM Corporation, Microsoft Corporation

The Digital Transformation Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global digital transformation market was valued at USD 998.99 billion in 2020 and is expected to reach a value of USD 2744.68 billion by 2026, at a CAGR of 18.5% over 2021-2026.

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Top Leading Companies of Digital Transformation Market are Acce-nture PLC, Google LLC, Siemens AG, IBM Corporation, Microsoft Corporation, Cognex Corporation, Hewlett Packard Company, SAP SE, EMC Corporation, Oracle Corporation, Adobe Systems Inc. and others.

Industry News and Updates

Oct 2020 - Acce-nture PLC agreed to acquire Avenai, an Ottawa-based provider of consulting and technology services. Financial terms were not disclosed. With Avenai's significant focus on the public sector market, the acquisition will enhance Acc-enture's capacity to drive the technology transformation taking place across the public sector in Canada.

- Jun 2020 - Renault Cars and Google Cloud announced a new industrial and technology partnership to accelerate the digitization of Renault's industrial system and of Industry 4.0 transformation. Google Cloud's solutions and experience in smart analytics, machine learning (ML) and artificial intelligence (AI) will enable Renault to improve its supply chain and manufacturing efficiency, its production quality, and the reduction in environmental impact through energy savings.

Key Market Trends

Asia Pacific Expected to Have Significant Growth

- In the Asia Pacific region, countries such as China, India, and Japan, among others continuously develop relevant strategies and policies to promote domestic industrial restructuring and upgrading for digital transformation. For instance, the pace of automation in China is faster than any other country globally, as China seeks to modernize its processes and retain its cost advantage in the global market, as its middle-class population soars, and wages continue to rise.

- Traditionally seen as the world's manufacturing factory, China has spent significant effort to transform from (cheap) labor-intensivemanufacturing to high-end manufacturing through digitalization and industrialization. According to GSMA, China will account for one-third of the global IIoTmarket by 2025.

- The new infrastructure in China, such as roads, railways, and bridges, are built on advanced technology, and digitization lays the foundation for industry 4.0. The new infrastructure can drive efficiency by better matching supply with demand, and it can enable smart cities into providing sustainable living, boosts productivity by upgrading manufacturing, and can speed up digitization of the economy.

Regional Outlook of Digital Transformation Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Digital Transformation Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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