Press release
Europe Digital Transformation Market to be Worth $832.84 Billion by 2030
Meticulous Research®, a leading global market research company, has recently published a report titled, 'Europe Digital Transformation Market by Technology (IoT, Cloud Computing, Big Data Analytics, AI/ML, Cybersecurity, Mobility Solutions, AR/VR, RPA), Offerings, Enterprise Size, Deployment Mode, End-use Industry, and Geography - Forecast to 2030.'Download Free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5697
According to this report, the Europe digital transformation market is projected to reach $832.84 billion by 2030, growing at a CAGR of 18.5% from 2024 to 2030. The key drivers for this growth include increasing investments in sustainability initiatives across industries, a focus on building resilient supply chains using analytics, the rise of flexible work cultures, remote talent management, and an ongoing emphasis on cybersecurity. Additionally, long-term investments in digital technologies, a data-driven approach to enhancing customer experiences, and the growing adoption of blockchain as a mainstream technology present significant growth opportunities for the market.
However, the market faces challenges due to the lack of uniform digitalization among SMEs across Europe. Furthermore, inadequate support tailored to SMEs in different industries for their digital transformation initiatives is another major obstacle to the market's growth.
The report provides an in-depth analysis by segmenting the market based on technology, offerings, deployment mode, enterprise size, end-use industry, and geography. It also offers insights into key competitors and country-level market trends.
Market Segmentation and Trends
By Technology:
The market is segmented into mobility solutions, IoT, network connectivity, digital twins & simulation, robotic process automation (RPA), cloud computing, AI/ML, AR/VR, additive manufacturing & 3D printing, big data & analytics, and cybersecurity. In 2024, cloud computing is expected to account for the largest market share, driven by the widespread adoption of Software-as-a-Service (SaaS), ease of access to cloud services, and flexible storage options that cater to companies' varying needs.
By Offerings:
The market is divided into hardware, software, and services. In 2024, the software segment is expected to lead, primarily due to increasing demand for business process automation, AI/ML adoption, and automation across various industry sectors.
Browse in depth: https://www.meticulousresearch.com/product/europe-digital-transformation-market-5697
By Enterprise Size:
The market is segmented into small & medium enterprises (SMEs) and large enterprises. In 2024, large enterprises are expected to dominate, driven by their capacity to invest in digital transformation technologies and scale them rapidly. Large organizations are also heavily investing in sustainable solutions to meet net-zero carbon emission goals, further accelerating digital transformation.
By Deployment Mode:
The market is categorized into cloud and on-premise solutions. In 2024, cloud deployment is expected to hold the largest share due to the increasing adoption of cloud architectures, improved IT compliance, reduced IT infrastructure management complexity, and the reliability of cloud services.
By End-use Industry:
The market is segmented into retail, government & public sector, healthcare, supply chain & logistics, utilities, manufacturing, BFSI, IT & telecom, media & entertainment, transportation, and others. The media & entertainment sector is anticipated to account for the largest share in 2024, driven by the growing use of digital technologies like AI, big data, and AR/VR in this industry. Big data analytics is especially prevalent in sports, while AR/VR is transforming the gaming industry, and AI is helping OTT and music streaming services personalize content based on user preferences.
Geographic Insights
The report covers several European countries, including Germany, the U.K., France, Italy, Spain, Poland, Netherlands, Sweden, Switzerland, Belgium, Austria, Finland, Norway, and the Rest of Europe. Germany is projected to hold the largest share of the market in 2024, thanks to its robust industrial base, significant investments in Industry 4.0 initiatives such as smart manufacturing and automation, and strong preparations for 5G network deployment. Additionally, the widespread digital skills among the German population support its leading position in the market.
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Key Players
Leading companies in the Europe digital transformation market include IBM Corporation (U.S.), Siemens AG (Germany), Microsoft Corporation (U.S.), SAP SE (Germany), Capgemini SE (France), ABB Ltd. (Switzerland), Deutsche Telekom AG (Germany), Telefónica S.A. (Spain), TE Connectivity Ltd. (Switzerland), NXP Semiconductors N.V. (Netherlands), Telefonaktiebolaget LM Ericsson (Sweden), Disperse.io LTD. (U.K.), Happeo (Finland), and Pigment (France).
*related research:
1.Digital transformation market:https://www.meticulousresearch.com/product/digital-transformation-market-4980
2. Asia pacific Digital transformation market:https://www.meticulousresearch.com/product/asia-pacific-digital-transformation-market-5699
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
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Visit Our Website: https://www.meticulousresearch.com/
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.
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