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Digital Transformation Market to Reach a CAGR of 15.6% During Forecast Period | Key Players- IBM Corporation, Google LLC

10-03-2022 01:11 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Quince Market Insights

Digital Transformation

Digital Transformation

The Global Digital Transformation Market has been estimated to value at USD 589.7 million in 2021 and is projected to grow at a CAGR of 15.6% during the forecast period. Digital transformation is the use of digital technology in numerous areas of the business to improve business processes and increase value for customers. It also modifies a way how businesses convey and work values to clients. It also assists a business to deal better in the market by making changes as sustained by the new technologies. Digital transformation supports the corporation to reach the large masses effortlessly.

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Recent Developments in the Global Digital transformation Market

• April 2021 - Adobe Systems Inc. partnered with FedEx, for the integration of Adobe Commerce with ShopRunner, a top eCommerce platform and a subordinate of FedEx Services. The incorporation will give Adobe merchants access to FedEx post-purchase logistics intelligence, which will assist them to propel the demand, gain customer insights, and reduce cost.

• June 2021 - Deutsche Bank associated with Oracle Corporation to revolutionize its database technology and boost its digital transformation. Oracle will support Deutsche Bank to upgrade its current database systems and migrate the bulk of its Oracle Database estate to Oracle Exadata Cloud Customer, an on-premises deployment choice of the Oracle Exadata Cloud Service to support applications that also will not move to the public cloud or may in the future.

• April 2020- Adobe formed a Government Rapid Response Program to support governments maintain constancy and continuity for their staff and other key investors.

Key Drivers-

As a result of rapid technological advancements and an ever-changing regulatory environment, businesses and government agencies are entering a new era of customer engagement in which digital technologies will play a critical role. To stimulate organisational growth, businesses are experimenting with advanced technologies such as big data, cloud computing, artificial intelligence, and others. The traditional business model approach to modern business strategies has been transformed by digital technologies. Several companies have begun incorporating big data and analytics, artificial intelligence, and other technologies into their existing service models in order to create new products and services and gain a competitive advantage. Furthermore, the adoption of digital technologies opens up numerous opportunities and allows businesses to achieve customer-centric business models. The majority of organisations adhere to digital practises, with a primary emphasis on digital consumer experiences.

Market Segmentation-

• By Component (Solution, Services)
• By Technology (Cloud Computing, Artificial Intelligence, Big Data and Analytics, social media, Cybersecurity, Internet of Things, Others)
• By Deployment (On-Premise, Cloud)
• By Organization Size (Small and Medium Enterprises, Large Enterprises)
• By Vertical (Banking, Financial Services, and Insurance, IT and Telecommunication, Government and Defense, Education, Manufacturing, Healthcare, Retail, Others)

Key Players-

The report includes competition among the market's leading participants, and information on consumer purchasing power. The market research report also includes the newest strategic advancements and trends of the market participants. The report assists purchasers in the worldwide market in charting their next steps toward the market's future position.

Major Companies- IBM Corporation, Google LLC, Broadcom (CA Technologies), Equinix, Microsoft Corporation, SAP SE, Cognizant, Adobe Systems, Dell EMC, HPE, Oracle Corporation, HCL Technologies, Tibco Software, Happiest Minds, and Alcor Solution.

Regional Analysis
North America (US, Canada, Mexico), Market size, Growth Market size, growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Europe (Germany, Russia, UK, France, Italy, Spain, The Netherlands, Rest of Europe), Market size, growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Rest of Asia Pacific), Market size, Future forecast & Opportunity Analysis

Middle East and Africa (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa), North Africa, South Africa, Rest of Middle East and Africa), Market size, Future forecast & Opportunity Analysis

South America (Brazil, Argentina, Colombia, Rest of South America), Market size, Future forecast & Opportunity Analysis

Methodology

The most basic classification of market research is primary and secondary research. Secondary research is used to seek out existing research and data. Secondary data is taken from credible sources such as peer reviewed journal articles, government official websites, and company annual reports. Primary research is called a more direct approach to obtaining your data. In primary research, the data comes directly from the source i.e. the potential customers.

Have any questions or concerns? Talk to our analyst- https://www.quincemarketinsights.com/enquiry-before-buying/enquiry-before-buying-62125?utm_source=tuli&utm_medium=openpr&utm_campaign=tuli

FAQs

1. What is the market size and growth rate forecast for Digital Transformation?
2. What are the segments of market?
3. What are the major factors propelling the market forward?
4. Who are the leading companies in the Digital Transformation market?
5. What regions does the Digital Transformation Market research cover?
6. How can I obtain a Digital Transformation Market sample report or company profiles?

Contact-

Quince Market Insights
Office No- 306, 307
Park Plaza Business Center
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 1444 39 0986
Email: sales@quincemarketinsights.com
Web: https://www.quincemarketinsights.com

ABOUT US:

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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