Press release
Digital Transformation Market is expected to reach USD 3,113.9 Billion by 2031, growing with a CAGR of 21.67% - Cisco Systems, Inc., Adobe Systems Inc., Kellton Tech Solutions Ltd., Broadcom, Inc.
Digital Transformation Market Scope:Market size value in 2023 - USD 648.39 Billion
Market size value in 2030 - USD 3,113.9 Billion
CAGR (2023-2030) - 21.67%
Forecast Period - 2023-2030
Segments Covered - Technology, Deployment, Organization, Vertical & Region.
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - International Business Machines Corporation, Kellton Tech Solutions Ltd., Microsoft Corporation, Salesforce, Inc., SAP SE, TIBCO Software.
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178-Tables
95-Figures
332-Pages
North America dominates the market for Digital Transformation.
North America dominated the market with the highest revenue share, primarily driven by the widespread adoption of diverse online payment methods and the rapid uptake of cloud computing technologies. Additionally, the increasing inclination of consumers in the region towards utilizing digital platforms for posting reviews and sharing experiences is compelling brands and enterprises to embrace digital transformation solutions and cultivate customer-centric business models. Consequently, enterprises in both the U.S. and Canada are displaying robust investment initiatives, allocating dedicated budgets for marketing and digital channels to align with and support this prevailing industry trend.
The Asia Pacific region is poised to emerge as the most rapidly advancing market, with a significant share CAGR. This growth is primarily attributed to the increasing adoption of digital transformation solutions among Small and Medium Enterprises (SMEs). The region's market expansion is further propelled by the widespread uptake of AI-driven advanced analytics tools and the integration of IoT-based sensors and devices, enabling the provision of personalized services to both B2C and B2B consumers. A significant number of smartphone users in the Asia Pacific are actively engaging with social media platforms via their mobile devices, adding to the impetus behind the region's digital transformation market surge.
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Top Key Players Covered in the Report-
Adobe Systems Inc., Broadcom, Inc., Cisco Systems, Inc., Dell EMC, Dempton Consulting Group, Google Inc., Happiest Minds, Hewlett Packard Enterprise Co., International Business Machines Corporation, Kellton Tech Solutions Ltd., Microsoft Corporation, Salesforce, Inc., SAP SE, TIBCO Software and Others.
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Research and Development-
In October 2022, Amazon.com Inc.'s cloud computing group invested around USD 5 billion for strengthening cloud infrastructure development in Thailand. The company planned to invest and build data centers and cloud infrastructure in Bangkok to help its customers securely store data.
https://industrytoday.co.uk/market-research-industry-today/digital-transformation-market-is-encountering-new-opportunities-technological-advancements-by-key-market-players-technology-deployment-organization-vertical-region-forecast-to-2030
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