Press release
Digital Transformation Market Size US$ 1,585 Billion by 2028 | CAGR of 18.1%
Digital Transformation Market
Digital transformation has the ability to transform, integrate and simplify daily business operations by enhancing performance efficiently. It helps organizations cope with various associated risks and handling disruptions, such as marketplace fluctuation and geopolitical conditions. It assists associations in organizing their operations to save time and effort and efficiently make use of resources. Digital transformation substitutes traditional business processes with automation. Additionally, the growing efforts by the governments of various countries to promote digitalization are providing a boost to the market growth across the globe.
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Digital Transformation Market Development:
The global market is majorly driven by the increasing demand for digital transformation across various organizations to improve their brand's reputation, customer experience, and customer retention ratios. In line with this, the integration of different digital transformation technologies, such as the internet of things (IoT), is significantly contributing to the market. Furthermore, the advent of industry 4.0 in the manufacturing industry has led to the adoption of digital technologies to enhance, automate, and modernize the whole process. Apart from this, the adoption of industrial robotics and the development of information technologies are propelling the market. Moreover, the rising investments in digitalization across potential economies are creating a positive outlook for the market.
Competitive Landscape with Key Players:
• Adobe Inc
• Capgemini SE
• Cognizant
• Dell Technologies Inc
• Google LLC (Alphabet Inc.)
• Hewlett Packard Enterprise Company
• International Business Machines Corporation
• Marlabs Inc
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Siemens AG
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Key Market Segmentation:
Breakup by Type:
• Solution
o Analytics
o Cloud Computing
o Mobility
o Social Media
o Others
• Service
o Professional Services
o Integration and Implementation
Breakup by Deployment Mode:
• Cloud-based
• On-premises
Breakup by Enterprise Size:
• Large Enterprises
• Small and Medium-sized Enterprises
Breakup by End-Use Industry:
• BFSI
• Manufacturing and Retail
• Government
• Healthcare
• IT and Telecom
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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