According to the latest report by IMARC Group, titled “Digital Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global digital transformation market reached a value of US$ 483.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,349.2 Billion by 2027, exhibiting a CAGR of 18.57% during 2022-2027.
Digital transformation has the ability to transform, integrate and simplify daily business operations by enhancing performance efficiently. It helps organizations cope with various associated risks and handling disruptions, such as marketplace fluctuation and geopolitical conditions. It assists associations in organizing their operations to save time and effort and efficiently make use of resources. Digital transformation substitutes traditional business processes with automation. Additionally, the growing efforts by the governments of various countries to promote digitalization are providing a boost to the market growth across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the digital transformation market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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Digital Transformation Market Trends:
The global market is majorly driven by the increasing demand for digital transformation across various organizations to improve their brand’s reputation, customer experience, and customer retention ratios. In line with this, the integration of different digital transformation technologies, such as the internet of things (IoT), is significantly contributing to the market. Furthermore, the advent of industry 4.0 in the manufacturing industry has led to the adoption of digital technologies to enhance, automate, and modernize the whole process. Apart from this, the adoption of industrial robotics and the development of information technologies are propelling the market. Moreover, the rising investments in digitalization across potential economies are creating a positive outlook for the market.
|Base Year of the Analysis||2021|
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital transformation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, deployment mode, enterprise size and end use industry.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Accenture PLC
- Adobe Inc.
- Capgemini SE
- Dell Technologies Inc.
- Google LLC (Alphabet Inc.)
- Hewlett Packard Enterprise Company
- International Business Machines Corporation
- Marlabs Inc.
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Siemens AG
- Large Enterprises
- Small and Medium-sized Enterprises
End Use Industry:
- Manufacturing and Retail
- IT and Telecom
- Middle East and Africa
- North America
- Latin America
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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