Digital Transformation Market to Reach Value of USD 6.78 Trillion by 2029

Posted on Mar 17 2023 6:32 AM

"Digital Transformation Market Size, Share & COVID-19 Impact Analysis, By Technology (Cloud Computing, Big Data and Analytics, Cybersecurity, Artificial Intelligence, Internet of Things, and Others (Blockchain & Business Intelligence)), By Enterprise Type (Large Enterprises and Small and Medium-sized Enterprises (SMEs)), By Deployment Model (On-Premises and Cloud), By Industry (Banking, Financial Services and Insurance (BFSI), Manufacturing, IT and Telecommunications, Retail and Consumer Goods, Healthcare, Transportation and Logistics, Government, and Others), and Regional Forecast, 2022-2029"

The Global "Digital Transformation Market Size 2023"research report covers explicit information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the perspective of players, countries, product types and end industries.

The global digital transformation market size was valued at USD 1.51 trillion in 2021 and is projected to grow from USD 1.79 trillion in 2022 to USD 6.78 trillion by 2029, at a CAGR of 20.9% during the forecast period.

Additionally,technology industry the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. The Global Digital Transformation Market consists of data accumulated from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in understanding market trends, applications, specifications, and market.

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Driving Factor:

Increasing Adoption of Cloud Computing & Big Data to Favor Growth

Several enterprises are slowly entering into a new customer engagement era stoked by the evolving regulatory environment and rapid technological changes. In this era, digital technologies are considered to be essential. Hence, these companies are adopting artificial intelligence, cloud computing, and big data technologies to bolster the organizational growth. They are striving to change conventional business models to modern strategies. However, the increasing risks of security breaches and cyber-attacks may hinder the digital transformation market growth in the near future.

Customization Available: Global Digital Transformation Market

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Data Triangulation

Primary Research: Detailed product mapping of major as well as emerging players in the market. Estimation of revenues/market size of all segments to arrive at the total market valuation. Estimation based on current trends, purchasing behavior, demand-supply gap, import-export scenario, and latest technology and developments. Estimation based on the number of end-users and the average consumption by each end-user. Estimation based on the production side and the supply side for the products and services offered in the market.

Bottom-Up Approach: This approach follows estimation of data through market share, revenues, and growth rate of prominent players operating in the market.

Top-Down Approach: Discussion with stakeholders and Key Opinion Leaders (KOLS) to validate market estimates and get their insights related to trends, dynamics, and competitive analysis.

Digital Transformation Market Segments:

By Technology

  • Cloud Computing
  • Big Data and Analytics
  • Cybersecurity
  • Artificial Intelligence (AI)
  • Internet of Things (IoT)

By Enterprise Size

  • Large Enterprises
  • SMEs

By Deployment Model

  • On-Premises
  • Cloud

By Industry Vertical

  • BFSI
  • Manufacturing
  • IT and Telecommunications
  • Retail and Consumer Goods
  • Healthcare

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Who are the Top Players Digital Transformation Market?

  • Amazon Web Services (Washington, United States),
  • Oracle Corporation (California, United States),
  • Microsoft Corporation (Mexico, United States),
  • VMware, Inc. (California, United States),
  • SAP SE (Walldorf, Germany),
  • IBM Corporation (New York, United States),
  • com Inc. (California, United States),
  • HCL Technologies Limited (Noida, India),
  • Wipro Limited (Bengaluru, India),
  • Accenture plc (Dublin, Ireland),
  • Cisco Systems, Inc. (California, United States).

Global Digital Transformation Market Size Highlights:

The report for Global Digital Transformation Market of Fortune Business Insights covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. Moreover, report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, macroeconomic, technological advancement, and governing factors of the market. Furthermore, report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments of the technology industry.

The Global Digital Transformation Market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Moreover, development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.

The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Digital Transformation Market Growth Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Furthermore, Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. Moreover, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

Frequently Asked Questions?

  • What is the Digital Transformation Market size?
  • What is the CAGR for Digital Transformation Market ?
  • What are the segments covered in the Digital Transformation Market report?
  • Who are the key players in the Digital Transformation Market?
  • Which region is more attractive for vendors in the Digital Transformation Market?
  • What are the key markets for higher education?
  • What are the key factors driving the growth of Digital Transformation Market ?
  • Which segment has the largest share in the Digital Transformation Market?

Key Points from TOC:

1. Introduction

1.1. Research Scope

1.2. Market Segmentation

1.3. Research Methodology

1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

4. Key Insights

4.1 Global Statistics — Key Countries

4.2 New Product Launches

4.3 Pipeline Analysis

4.4 Regulatory Scenario — Key Countries

4.5 Recent Industry Developments — Partnerships, Mergers and Acquisitions

5. Global Digital Transformation Market Analysis, Insights and Forecast

5.1. Key Findings/ Summary

5.2. Market Analysis — By Product Type

5.3. Market Analysis — By Distribution Channel

5.4. Market Analysis — By Countries/Sub-regions

……………

11. Competitive Analysis

11.1. Key Industry Developments

11.2. Global Market Share Analysis

11.3. Competition Dashboard

11.4. Comparative Analysis — Major Players

12. Company Profiles

12.1 Overview

12.2 Products and Services

12.3 SWOT Analysis

12.4 Recent developments

12.5 Major Investments

12.6 Regional Market Size and Demand

13. Strategic Recommendations

TOC Continued…!

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