Digital Transformation Market to Cross US$ 1,349.2 Billion by 2027, at a CAGR of 18.57%

According to the latest report by IMARC Group, titled "Digital Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global digital transformation market reached a value of US$ 483.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,349.2 Billion by 2027, exhibiting a CAGR of 18.57% during 2022-2027. Digital transformation has the ability to transform, integrate and simplify daily business operations by enhancing performance efficiently. It helps organizations cope with various associated risks and handling disruptions, such as marketplace fluctuation and geopolitical conditions. It assists associations in organizing their operations to save time and effort and efficiently make use of resources. Digital transformation substitutes traditional business processes with automation. Additionally, the growing efforts by the governments of various countries to promote digitalization are providing a boost to the market growth across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Informed covered in the report:

Historical market data from 2016-2021
CAGR of the market during the forecast period 2022-2027
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the digital transformation market size and its contribution to the parent market
Upcoming market trends and changes in consumer behavior
A thorough analysis of the market's competitive landscape and detailed information on key players

Request Free Sample Report: https://www.imarcgroup.com/digital-transformation-market/requestsample

Digital Transformation Market Trends:

The global market is majorly driven by the increasing demand for digital transformation across various organizations to improve their brand's reputation, customer experience, and customer retention ratios. In line with this, the integration of different digital transformation technologies, such as the internet of things (IoT), is significantly contributing to the market. Furthermore, the advent of industry 4.0 in the manufacturing industry has led to the adoption of digital technologies to enhance, automate, and modernize the whole process. Apart from this, the adoption of industrial robotics and the development of information technologies are propelling the market. Moreover, the rising investments in digitalization across potential economies are creating a positive outlook for the market.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Adobe Inc.
Capgemini SE
Cognizant
Dell Technologies Inc.
Google LLC (Alphabet Inc.)
Hewlett Packard Enterprise Company
International Business Machines Corporation
Marlabs Inc.
Microsoft Corporation
Oracle Corporation
SAP SE
Siemens AG

Breakup by Type:

Solution
Service

Breakup by Deployment Mode:

Cloud-based
On-premises
Breakup by Enterprise Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by End Use Industry:

BFSI
Manufacturing and Retail
Government
Healthcare
IT and Telecom
Others

Breakup by Region:

Middle East and Africa
North America
Asia-Pacific
Europe
Latin America

Key highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.