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Digital Transformation Market Consumption Analysis, Business Overview and Upcoming Trends 2030
Digital Transformation Market
With the increasing use of telemedicine, mobile health, and other wireless solutions in hospitals and nursing homes to provide patients with real-time healthcare services, the term "digital health" has gained popularity. Digital technology is having a phenomenal impact on a variety of industries, including public, retail, banking, financial services and insurance (BFSI), and manufacturing. However, as end users become more dependent on digital health platforms, it is starting to change the game in the healthcare sector.
The process of integrating digital technology into company processes that are related to their customers, workforce optimization, infrastructure, and financial operations is known as "digital transformation." These digital technologies include blockchain, IoT, cloud computing, big data analytics, and artificial intelligence. The World Economic Forum estimates that over the next six years, the value of digitalization will increase to USD 100 trillion due to rapid increases in data traffic, online users, connected objects, and cloud computing technologies worldwide.
The change, integration, and simplification of day-to-day company activities have all been sparked by digital transformation. It has helped the organisations utilise resources sustainably and save time and effort. The advantages of digital transformation have inspired traditional commercial organisations to automate, lowering the likelihood of mistakes.
Growth Factors
The manufacturing sector has seen a sharp increase in demand for automated and digital technology over the past couple decades due to the growing adoption of industry 4.0. In order to improve efficiency and product quality, manufacturers are rapidly implementing the most recent technology to automate and digitalize the process. The global market for digital transformation is expanding significantly due to the increased demand for cutting-edge technologies like big data analytics, artificial intelligence, the internet of things, and cloud computing across various corporate businesses. The newest technologies enhance operational efficiency while promoting consumer involvement and integrating intelligence into business operations. Some of the major factors contributing to this growth include the increasing use of smartphones, the expanding internet, and the global development of the IT and telecommunications infrastructure.
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Global Digital Transformation Market - Segmentation
The global transformation market is segmented by solution, by service, by deployment, by enterprise and by end-use.
By Solution
• Analytics
• Cloud Computing
• Mobility
• Social Media
• Others
By Service
• Professional Services
• Implementation & Integration
By Deployment
• Hosted
• On-premise
By Enterprise Size
• Large Enterprise
• Small & Medium Enterprise
By End-use
• BFSI
• Government
• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others
Global Digital Transformation Market - Regional Analysis
It is estimated for the region of Asia Pacific to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The US region is also estimated to witness a notable growth rate in the market.
Global Digital Transformation Market - Key Market players
SAP SE; International Business Machines Corporation; Oracle Corporation; Google Inc.; Dell EMC; Hewlett Packard Enterprise Co.; CA Technologies; Microsoft Corporation; Adobe Systems Incorporated; Capgemini Group; Apple Inc.; Kellton Tech Solutions Ltd. are the major companies that are driving the growth of the market during the forecast period.
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FREQUENTLY ASKED QUESTIONS
• What is the current market value?
• What is the growth rate of the market?
• Which region dominates the market?
• Which region of the market is expected to witness the highest growth during the forecast period?
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