Press release
Digital Transformation Market Competition Landscape, Analysis by Region, Forecast 2021-2031 | IBM Corporation, Oracle Corporation, Google Inc., Cognizant
Digital Transformation Market
Digital transformation is the process of using digital technologies to create new or modify existing business processes, products, and services to deliver value to customers and employees.
Through digital transformation, organizations can use technology to create new revenue streams, improve operational efficiency, and enhance customer experiences. When done right, digital transformation can help organizations become more agile, adaptive, and competitive in the marketplace.
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Key Trends and Drivers
The major drivers for this market are the increasing adoption of cloud-based solutions, big data and analytics, and the Internet of Things (IoT).
The key trends in digital transformation market include the increasing adoption of digital technologies, the increasing need for organizations to reduce costs, the increasing focus on customer experience, and the increasing demand for faster and more efficient services.
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Restraints & Challenges
Digital transformation can be difficult and challenging for organizations. Some of the key restraints and challenges are:
Lack of governance and standards: There is no one-size-fits-all governance model for digital transformation. Every organization is different and will need to tailor its governance framework to its own specific needs. Additionally, there are no industry-wide standards for digital transformation, which can make it difficult for organizations to know how to measure success or compare their progress to others.
Lack of adequate resources: Digital transformation can be resource-intensive, requiring investment in new technology, tools, and processes. Additionally, it can require hiring new staff with the necessary skills and expertise. Organizations need to be sure they have the resources in place to support a digital transformation before embarking on the journey.
Market Segments
By Deployment
Cloud
On-Premises
By Organization Size
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Key Players
SAP
IBM Corporation
Oracle Corporation
Google Inc.
Cognizant
Adobe Systems
Hewlett-Packard
Microsoft Corporation
HCL Technologies
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Reasons to buy Digital Transformation Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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