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Digital Transformation Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Google LLC (Alphabet Inc.), Microsoft Corporation, IBM Corporation, Adobe Systems Inc
As per The Business Research Company's Digital Transformation Opportunities And Strategies Market Report 2023, The digital transformation market reached a value of nearly $944.90 billion in 2021, having grown at a compound annual growth rate (CAGR) of 24.2% since 2016. The market is expected to grow from $944.90 billion in 2021 to $2,643.53 billion in 2026 at a rate of 22.8%. The market is then expected to grow at a CAGR of 16.3% from 2026 and reach $5,631.00 billion in 2031.The increasing availability of mobile devices is expected to drive the growth of the digital transformation market. The availability of mobile devices and the use of social media have prompted enterprises to make a significant shift in direction in how they reach out to customers through digital transformation.
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Artificial intelligence capabilities are a key trend gaining traction in the digital transformation market. Artificial intelligence (AI) is an increasing force behind digital transformation, surrounding innovations like machine learning, natural language processing (NLP), data labeling platforms and predictive analytics.
The top opportunities in the digital transformation market segmented by technology will arise in the big data and analytics market segment, which will gain $523.0 billion of global annual sales by 2026. The top opportunities in the digital transformation market segmented by deployment mode will arise in the on-premises segment, which will gain $860.8 billion of global annual sales by 2026. The top opportunities in the digital transformation market segmented by organization size will arise in the large enterprises segment, which will gain $856.6 billion of global annual sales by 2026. The top opportunities in the digital transformation market segmented by end-user will arise in the BFSI segment, which will gain $506.5 billion of global annual sales by 2026. The digital transformation market size will gain the most in USA at $486.4 billion.
Digital Transformation Market Segmentation:
The digital transformation market is also segmented by technology, by deployment mode, by organization size, and by end-user.
By Technology-
a) Cloud Computing
b) Big Data and Analytics
c) Artificial intelligence (AI)
d) Internet Of Things (IoT)
e) Blockchain And Other Technologies
By Deployment Mode-
a) Cloud
b) On-Premises
By Organization Size-
a) Large Enterprises
b) Small and Medium-sized Enterprises (SMEs)
By End User -
a) BFSI
b) Healthcare
c) Telecom and IT
d) Automotive
e) Retail and Consumer Goods
f) Manufacturing
g) Government
h) Others
Major players in the Digital Transformation market include Google LLC (Alphabet Inc.), Microsoft Corporation, IBM Corporation, Adobe Systems Inc
The regions covered in the global Digital Transformation market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The latest report from The Business Research Company, 'Global Digital Transformation Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.
Digital Transformation Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Digital Transformation Market, Conclusions And Recommendations
22. Appendix
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