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Digital Transformation Market Size to Grow USD 966420 Million by 2028 at a CAGR of 13% | Valuates Reports

10-26-2022 01:52 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Digital Transformation Market Size to Grow USD 966420 Million

Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, the global Digital Transformation market is projected to reach USD 966420 Million by 2028 from an estimated USD 464190 Million in 2022, at a CAGR of 13.0% during 2023 and 2028.

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Major factors driving the growth of the Digital Transformation Market:

The Digital Transformation market is anticipated to be driven by factors including the requirement for company continuity during emergency situations like COVID-19. Furthermore, the Digital Transformation market is anticipated to be driven by the requirement for enterprises to continuously adapt and evolve to suit the ever-changing needs of their customers.

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AR cloud is expected to further augment the digital transformation market. Businesses have the chance to enhance connections and communication throughout their entire ecosystem thanks to AR Cloud. Businesses may develop new customer experiences and connect with employees in creative ways by blending the physical and digital worlds. Due to the excitement surrounding it, AR Cloud has become increasingly popular in digital transformation.

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DIGITAL TRANSFORMATION MARKET SEGMENTATION

By Type

• Cloud Based
• AI
• IoT
• Other

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By Application

• BFSI
• Government
• Healthcare
• IT and Telecom
• Manufacturing
• Retail

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DIGITAL TRANSFORMATION MARKET SHARE

The largest market is North America, with a share of over 35%, followed by Europe and China, both of which have a share of over 40%.

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Leading companies in the global digital transformation include IBM, Oracle, Microsoft, Dell, Huawei, etc. The top five providers globally control almost 30% of the market.

Key Companies:

• Google
• Cisco
• SAP SE
• Hewlett Packard
• Adobe Systems
• Capgemini Group
• Kelltontech Solutions
• Fujitsu
• Hitachi
• Alibaba.

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Similar Reports:

1. Digital Transformation in Healthcare Market: https://reports.valuates.com/market-reports/QYRE-Auto-9R5989/global-digital-transformation-in-healthcare

2. Digital Transformation in BFSI Market: https://reports.valuates.com/market-reports/QYRE-Othe-1J248/digital-transformation-banking-financial-insurance

3. Digital Transformation in Consulting Services Market: https://reports.valuates.com/market-reports/QYRE-Auto-17F6082/global-digital-transformation-consulting-services

4. Digital Process Automation Market: https://reports.valuates.com/market-reports/QYRE-Auto-39H1570/global-digital-process-automation

5. Digital Thread Market: https://reports.valuates.com/market-reports/QYRE-Auto-31N67/global-digital-thread

6. Digital Content Market: https://reports.valuates.com/market-reports/QYRE-Othe-2D382/digital-content

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