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Digital Transformation Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

10-28-2023 08:43 AM CET | IT, New Media & Software

Press release from: Orion Market Research

Digital Transformation Market is Anticipated to Increase at

The global digital transformation market is anticipated to grow at a CAGR of 22.2% during the forecast period. The government across the globe are increasing their focus to create a digitally empowered economy to benefit all sectors which is accelerating the growth of the market. For instance, the article published in October 2021 that India registered a multi-fold increase in digital adoption, making it the second-largest consumer internet market. Further, increased investments in digital infrastructure will lead to quicker adoption of emerging technologies to strengthen the various end-user industries. For instance, in January 2022, the Indian Government announced to increase in the investment upto $23 billion by 2025 for developing digital infrastructure. The announcement was done with the aim to support the growing demand for digital services and rising online traffic across the country.

Moreover, the North American region's digital-government ecosystem continues to grow. Both the US and Canada have implemented several robust strategies at multiple levels to guide whole-of-government digital-government efforts. For instance, in 2021, Canada released its first digital-government strategy focusing on digital operations, modernizing IT systems, advancing technology adoption, and improving service delivery. The strategy is embodied in the Digital Operations Strategic Plan (2021­2024) and linked to key government policies. 

Additionally, China seeks to nurture digital industries such as artificial intelligence (AI), blockchain, and cloud computing along with expanding the use of 5G technologies to more industries such as smart transport and logistics which is expected to contribute to the digital transformation market during the forecast period. For instance, in March 2021, the National Development and Reform Commission drafted China's five-year plans with a focus on guiding the integration of digital and physical economies. In the new plan, China aims to increase added value in the digital economy to 10 % of gross domestic product (GDP) by 2025, up from 7.8% in 2020. In addition, the new five-year plan specifically encourages companies to share data from search, e-commerce, and social media services for the development of a third-party big data platform.

To Request a Sample of our Report on Digital Transformation Market:  https://www.omrglobal.com/request-sample/digital-transformation-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Component
By Deployment 
By Technology
By End-Users

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- including Adobe Inc., Google LLC, IBM Corp., Microsoft Corp., Oracle Corp., Sap SE, and others.

Digital Transformation Market Report Segment

By Component

Solution 
Services

By Deployment 

Cloud 
On-Premise

By Technology

Cloud-Computing
Big Data & Analytics
Cybersecurity
Artificial Intelligence (AI)
Internet of Things (IoT)
Robotic Process Automation (RPA)
Others (Mobility & Social Media Management & AR/VR)

By End-Users

BFSI
Healthcare
IT and Telecom
Government
Retail & E-commerce
Media and Communication
Others

A full Report of Digital Transformation Market is Available @  https://www.omrglobal.com/industry-reports/digital-transformation-market

Digital Transformation Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles 

Adobe Inc. 
Apple Inc.
Baidu, Inc. 
Broadcom Inc. 
Dell EMC 
Equinix, Inc.
Google LLC
HCL Technologies Ltd. 
Hewlett Packard Enterprise Co.
IBM Corp.
Kellton Tech Solutions Ltd.
Marlabs LLC
Microsoft Corp. 
Oracle Corp. 
Sap SE
com, Inc. 
VMware, Inc.
Tableau Software, Inc. 
Teradata Corp. 
Tibco Software, Inc.
Wipro Ltd. 

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/digital-transformation-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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