Press release
Digital Transformation Market Reached USD 465 billion in 2019 and is expected to grow at a CAGR of 16.5% | Report Size, Share & Industry Forecast
Digital Transformation Market
The Digital Transformation Market was estimated around USD 465 billion in 2019 and is expected to grow at a CAGR of 16.5% over the forecast period (2020-2027).
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/digital-transformation-market-analysis-industry-research/
The factors driving the growth of Digital Transformation Market includes rising penetration of smartphone applications, emerging trend of Bring Your Own Device (BYOD), increasing focus by companies on enhancing customer's experience and Government initiatives promoting digital transformation across industry verticals. According to the report published by Statista, the number of smartphone users in India were estimated around 634 million in 2019 and are expected to reach 1.3 billion by the end of 2029, which will accelerate the Digital Transformation Market size in the approaching years. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Cloud Computing by major corporations, improvements in the IT infrastructure, dynamic customer demands and rise in the number of connected devices, are some of the additional factors supplementing the Global Digital Transformation Market. In addition, the increasing investments by leading players on research and development, rapid industrialization, rising tech savvy population around the world and growing disposable incomes, are further propelling the Digital Transformation Market size.
However, growth of the Digital Transformation Market is hindered due to rising incidences of cyber-attacks.
The major players operating in the market are Microsoft Corporation, SAS Institute Inc., Adobe, Inc., Oracle Corporation, International Business Machines Corporation, SAP SE, SAS Institute Inc., Alphabet Inc., Cognizant Technology Solutions Corporation, and HubSpot Inc. among others.
Based on Technology, the Cybersecurity segment is predicted to grow at a significant CAGR during the forecast period
Rise in the amounts of data generated by businesses and increase in the number of online frauds, is pushing growth of the segment.
Based on End-Use Industry, the Retail segment is projected to expand at a robust CAGR over the forecast period
Growing adoption of automated technologies such as Artificial Intelligence (AI) and Internet of Things (IoT) in the retail sector is propelling growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
As per the Digital Transformation Market Trends, increasing adoption of advanced technologies across industry verticals such as Telecommunication, BSFI and Automotive, rapid urbanization, rising per capita income and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Development
In 2019, SAP SE introduced SAP Leonardo Internet of Things (IoT), a platform-as-a-service offering, which will help businesses to capture data from a variety of IoT sources, analyze it in conjunction with SAP applications and create new business models.
Market Segmentation
Segmentation by Technology
Cloud Computing
Artificial Intelligence
Big Data and Analytics
Mobility/Social Media
Cybersecurity
Internet of Things
Others
Segmentation by End-Use Industry
Automotive
Food & Beverages
Information Technology
Telecommunication
BFSI
Retail
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/
Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland
GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Transformation Market Reached USD 465 billion in 2019 and is expected to grow at a CAGR of 16.5% | Report Size, Share & Industry Forecast here
News-ID: 2743131 • Views: …
More Releases from GMI Research
OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/global-oled-market/
The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles…
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/
The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and…
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period.
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/
The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the…
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period
For Additional Insights, Click to Access Complete Report -
https://www.gmiresearch.com/report/pest-control-services-market/
The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was…
More Releases for Digital
Introducing Digital Sales Pro, Inc: Revolutionizing Digital Sales in the Digital …
Digital Sales Pro, Inc. is a company that helps content creators and publishers make money from content and reach a larger audience with their craft.
In today's world, it can be tough for content creators and publishers to make money and connect with their audience.
At, Digital Sales Pro, Inc. we understand these challenges and have created a suite of solutions that help our clients build a strong online presence, monetize…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
Introduction
The healthcare industry has seen significant growth and development over the years, with technology playing a critical role in transforming patient care. One such innovative technology that has emerged in recent years is the Global Digital Twin in Healthcare Market. This technology allows healthcare professionals to create a virtual replica of a patient's physical self, enabling them to monitor and analyze patient data in real-time. The Global Digital Twin in…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
In 2021, the market for Digital Twin in Healthcare worldwide was worth $6.75 billion US dollars. AMR Group projects that the market will reach US$ 96.5 billion by 2031, growing at a CAGR of 40 percent between 2022 and 2031.
Industry Overview
Digital twins are virtual copies of physical objects or things that data scientist & IT professionals can use to compute simulations prior to developing and deploying the original devices. Digital…
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant…
Digital Advertising on Mobil Market Analysis 2019 Top Growing Companies: Adverti …
Digital Advertising on Mobil Market
Digital Advertising on Mobile Market is a type of advertising that shows that mobile devices such as smart phones and tablets have wireless connectivity. For mobile devices with fewer lenses than computers or laptops, digital media formats are often the most suitable for small displays through outputs. Telephone advertising is the communication of products or services of mobile devices and consumers. Telephone announcements range from…
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect.
Get Sample Copy of this Report -…
