Press release
Digital Transformation Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Digital Transformation Market Size
The growth of the digital transformation market is expected to be driven by the expanding utilization of machine learning and artificial intelligence. Digital transformation equips traditional businesses with solutions like cloud computing, big data & analytics, data management, and other innovative features such as machine learning and artificial intelligence. These tools aid in the streamlining of business operations, thus reducing operational efforts and boosting efficiency. Their use has expanded across various sectors like healthcare, banking, transportation, and manufacturing, spurring the demand in the digital transformation market. In May 2022, for instance, the International Business Machines Corporation (IBM), a US-tech firm, reported that 35% of global businesses utilized artificial intelligence (AI) in 2022, marking a 4% rise from 2021. There was also a 13% surge in organizations adopting AI in 2022, compared to 2021. Consequently, the increasing adoption of machine learning and AI is propelling the digital transformation market.
Get Your Digital Transformation Market Report Here:
https://www.thebusinessresearchcompany.com/report/digital-transformation-global-market-report
What Is the projected market size and growth rate for the digital transformation market?
The market size of digital transformation has seen phenomenal growth in the past few years. Its projected growth is from $1755.44 billion in 2024 to $2116.91 billion in 2025, with a compound annual growth rate (CAGR) of 20.6%. Factors contributing to this historical surge include robust economic development in emerging markets, higher integration of digital transformation in healthcare, an upswing in data volume generation, and the expanding use of 5g networks.
In the coming years, the market size of digital transformation is anticipated to witness a significant surge, reaching a value of $4416.39 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 20.2%. The projected growth during this period can be associated with factors such as the rising prevalence of mobile devices, initiatives launched by governments, enhanced internet accessibility, increased enterprise spending on marketing and advertising, and a heightened demand for industrial automation. Key trends predicted to emerge in this period involve capabilities in artificial intelligence, series of digital transformations, innovative networks, product launches, Internet of things, new ventures in the field of big data and analytics, as well as strategic partnerships and collaborations.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6966&type=smp
What new trends are reshaping the digital transformation market and its opportunities?
One significant trend making waves in the digital transformation industry is artificial intelligence proficiency. It can't be denied that artificial intelligence (AI) serves as a powerful catalyst for digital transformation with its numerous breakthroughs such as machine learning, natural language processing (NLP), predictive analytics, and data labelling systems. For example, in June 2024, the government department Innovation, Science and Economic Development Canada (ISED) estimated that by 2028, the AI market might touch the $891 billion mark and could even surpass $1 trillion by 2030. Currently, in Canada, the AI market for 2023 is estimated to be worth $6.5 billion and is predicted to escalate at a yearly rate of 33.9% from 2023 to 2028, ultimately amounting to $28.2 billion by 2028.
What major market segments define the scope and growth of the digital transformation market?
The digital transformation market covered in this report is segmented -
1) By Technology: Cloud Computing, Big Data And Analytics, Artificial intelligence (AI), Internet Of Things (IoT), Blockchain And Other Technologies
2) By Deployment: Cloud, On-Premises
3) By Organization: Large Enterprises, Small And Medium-sized Enterprises (SMEs)
4) By End Users: BFSI, Healthcare, Telecom and IT, Automotive, Retail And Consumer Goods, Manufacturing, Government, Others
Subsegments:
1) By Cloud Computing: Infrastructure As A Service (IaaS), Platform As A Service (PaaS), Software As A Service (SaaS)
2) By Big Data And Analytics: Data Management Solutions, Predictive Analytics, Business Intelligence Tools
3) By Artificial Intelligence (AI): Machine Learning, Natural Language Processing, Computer Vision
4) By Internet Of Things (IoT): Smart Devices, IoT Platforms, Industrial IoT Solutions
5) By Blockchain And Other Technologies: Supply Chain Solutions, Smart Contracts, Augmented Reality (AR) And Virtual Reality (VR), Robotic Process Automation (RPA), Cybersecurity Solutions
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6966
Which region dominates the digital transformation market?
North America was the largest region in the digital transformation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital transformation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the digital transformation industry growth?
Major companies operating in the digital transformation market include Google LLC, Microsoft Corporation, IBM Corporation, accenture* PLC, Adobe Systems Inc, Oracle Corporation, SAP SE, Capgemini, Salesforce.com, Dell EMC, Shanghai Electric Group Co., Ltd., Chongqing Changan Automobile Co., Ltd., Hakuna Matata, Midea Group's, Weichai Power Co., Ltd, Lianbao (Hefei) Electronic Technology Co., Ltd., Sany Heavy Industry Co., Ltd., CITIC Dicastal Co., Ltd., Space-O Technologies, Sophie Candau Communication, Xella, SQLI, Siemens AG, Deloitte, Nixu, Honeywell International Inc, 4iG Plc., Tibco Software Inc, ASG, CIOReview, Protiviti, Cognex Corporation, Cognizant, Apple Inc., Hewlett-Packard Company, Hisense Group Holdings Co., Ltd
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6966&type=smp
What Is Covered In The Digital Transformation Global Market Report?
• Market Size Forecast: Examine the digital transformation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the digital transformation market for a structured understanding.
• Key Players Overview: Analyze major players in the digital transformation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital transformation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the digital transformation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital transformation market.
• Industry Challenges: Identify potential risks and obstacles affecting the digital transformation market.
• Competitive Landscape: Review strategic developments in the digital transformation market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Transformation Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share here
News-ID: 3900830 • Views: …
More Releases from The Business Research Company
Emerging Innovations Set to Redefine the Sewer Rehabilitation Services Market La …
How Large Is the Sewer Rehabilitation Services Market Anticipated to Become by 2025?
The global market for sewer rehabilitation services has experienced robust expansion lately, projected to increase from a valuation of $42.38 billion in 2024 to $45.14 billion in the subsequent year, reflecting a compound annual growth rate (CAGR) of 6.5%. This historical upward trajectory is primarily fueled by several key factors: escalating levels of urbanization, the ever-aging condition of…
2025-2034 Sea Based C4ISR Market Outlook: Emerging Drivers, Growth Barriers, and …
What Market Size Will the Sea Based C4ISR Sector Reach by 2025?
The maritime C4ISR market experienced substantial expansion lately, projected to climb from a value of $3.0 billion in 2024 to $3.17 billion the following year, reflecting a compound annual growth rate of 5.7%. This upward trend observed over the historical period stems from several factors, including the intensification of naval modernization initiatives, escalating maritime security perils, augmentation in defense…
The Impact of Rapid Urbanization on the Ripening Culture Market: A Key Force Sha …
What Is the Forecasted Size of the Ripening Culture Market by 2025?
The market for ripening cultures has experienced substantial expansion lately, projected to increase from a valuation of $1.46 billion in 2024 to $1.57 billion a year later, demonstrating a consistent yearly growth rate (CAGR) of 7.7%. This upward trajectory during the past period stems from several key factors, including heightened demand for fermented dairy items, greater recognition of the…
Strong Demand Anticipated to Drive Recirculating Chillers Market Toward $2.76 Bi …
How Much Expansion Is Expected in the Recirculating Chillers Market by 2025?
The market encompassing recirculating chillers has seen swift expansion lately, projected to escalate from a value of $1.65 billion in 2024 to $1.83 billion by the ensuing year, reflecting an impressive compound annual growth rate (CAGR) of 11.2%. This upward trajectory during the historical timeframe stems from several factors, including the proliferation of automated systems in industrial procedures, escalating…
More Releases for Digital
Digital luxury brands Market Is Booming Worldwide | Major Giants Balenciaga Digi …
HTF MI recently introduced Global Digital luxury brands Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2033). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.
Major companies in Digital luxury brands Market are:
Balenciaga Digital, Louis Vuitton Digital, Gucci Digital, Dolce & Gabbana DGFamily, Prada Virtual,…
Introducing Digital Sales Pro, Inc: Revolutionizing Digital Sales in the Digital …
Digital Sales Pro, Inc. is a company that helps content creators and publishers make money from content and reach a larger audience with their craft.
In today's world, it can be tough for content creators and publishers to make money and connect with their audience.
At, Digital Sales Pro, Inc. we understand these challenges and have created a suite of solutions that help our clients build a strong online presence, monetize…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
Introduction
The healthcare industry has seen significant growth and development over the years, with technology playing a critical role in transforming patient care. One such innovative technology that has emerged in recent years is the Global Digital Twin in Healthcare Market. This technology allows healthcare professionals to create a virtual replica of a patient's physical self, enabling them to monitor and analyze patient data in real-time. The Global Digital Twin in…
Digital Twin in Healthcare Market Analysis By Type - Product Digital Twins, Proc …
In 2021, the market for Digital Twin in Healthcare worldwide was worth $6.75 billion US dollars. AMR Group projects that the market will reach US$ 96.5 billion by 2031, growing at a CAGR of 40 percent between 2022 and 2031.
Industry Overview
Digital twins are virtual copies of physical objects or things that data scientist & IT professionals can use to compute simulations prior to developing and deploying the original devices. Digital…
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant…
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect.
Get Sample Copy of this Report -…
