Digital Transformation Market Explosive Factors of Revenue by Industry Statistics, Size, Demands, Trends, Opportunity, Share and Forecast

The 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.

Digital transformation can be defined as the use of the digital technologies such as cloud computing, big data, mobility, and social media to improve the business processes. The need for business growth, to improve operational expenses and business efficiency and to track the real-time business activities drive the businesses to be part of the digital transformation.

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The data is being provided for the top as well as the fastest-growing segment and the report implements a balanced mixture of primary as well as secondary research methodologies for the analysis. The industry is been segmented as per the criteria laid by them. At the end of the report, it contains a section dedicated to the company profile which will help to identify the needs of the customers discover their problem areas, discover better opportunities, as well as help all the organizations' primary leadership processes. Not only this but also the readers can ensure the performance of public relations efforts and then monitor the objections of the customer to stay ahead in the race while minimizing losses.

Factors Impacting Market Growth:

Growing needs to increase operational performance and rising usage of mobile devices, smartphones, and applications supporting digitization are also driving the digital transformation market. On the other hand, increasing privacy and security concerns for confidential information and lack of skilled personnel are estimated to be the key restraints for the digital transformation market during the forecast period.

Similarly, the high demand for personalized digital transformation, rising focus on partnerships between departments, and increasing adoption of disruptive technologies, like machine learning, big data, and artificial intelligence, are expected to provide new opportunities to the digital transformation market during the forecast period. Digital transformation also allows the business entities to enhance operations, create a brand reputation, improves customer experiences, and improves the customer retention. The adoption of the digital technologies can help the businesses to counter any change in the technical landscape and can resist the shifts in industry. For instance, the digital businesses were highly profitable during the outbreak of the COVID-19 pandemic. Most of the businesses across various industries suffered huge losses due to the lockdown situation and they were forced to invest heavily on the digitization of their operations.

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• Provide detailed chapter-by-chapter guidance on Request
• Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• Facts and Factors research methodology

Recent Developments:

• 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.

Methodology
The report includes quantitative research focused on measuring and testing using numerical data. It also includes qualitative research, which focuses on gathering and analyzing data. The most valuable and extensively used secondary research method is competitor benchmarking. The report includes competitor benchmarking and comparison of businesses in the same industry and of similar size to measure certain growth metrics or key performance indicators.

Regional Analysis

The global market is divided into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.

The analysis offers vital information on the market in North America. The insights are a valuable resource for businesses and individuals in the industry. The regional analysis provides a broad overview of the industries globally. The report also provides growth prospects of the region of Europe. Other aspects like the influence of government policies, legislation, and the presence of significant corporations are examined in depth.

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Competitive Environment
Digital Transformation market players, stakeholders, and other participants in the global Digital Transformation market will be able to gain the upper hand as they use the report as a powerful resource. The key players operating in the market are:

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.

Segments
This section also discusses the many segments and applications that may have an impact on the market in the future. The data is based on current trends as well as historical milestones. The segmentations are as follows:

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)

Table of Content
• Introduction
• Research Methodology
• Research Data
• Market Size Estimation
• Executive Summary
• Market Overview
• Introduction
• Market Dynamics
• Drivers
• Restraints
• Environmental Regulations
• Opportunities
• Challenges
• Porter's Five Forces Analysis
• Digital Transformation Market, By Region
• Competitive Landscape
• Overview
• Market Ranking of Key Players
• Competitive Situations and Trends
• Investment & Expansion
• Partnership & Agreement
• New Product Development/Launch
• Merger & Acquisition
• Company Profiles
• Other Key Players

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Conclusion
The Global Digital Transformation Market Analysis includes growth trends, competitive landscape analysis, and major regions development status for worldwide markets. Overall, the research proves to be a valuable resource for firms looking to obtain a competitive edge over their competitors and achieve long-term success in the worldwide keyword market.

Key Questions Answered in the Report:
1. What are the hurdles that the global pandemic has posed to the Digital Transformation market?
2. What factors are influencing the Digital Transformation market?
3. What are the top investment options on the market right now?
4. What are the market segments for Digital Transformation mentioned in the report?
5. What are the market's developing regions for Digital Transformation?

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This release was published on openPR.