The global digital transformation market will grow from US$ 320.00 billion in 2018 to $ 695.00 billion in 2025, at a compound annual growth rate (CAGR) of 18.1% over the assessment period. The alliance will bring together NTT’s best-in-class ICT infrastructure, managed services, and cybersecurity expertise, with Microsoft’s trusted cloud platform and AI technologies. The phenomenal growth can be attributed to factors such as the reduced cost of devices and increased focus on cloud computing, thus making it much more convenient for SMEs to streamline their businesses. The who’s who in digital transformation consulting . Rising mobile device users, growing online commerce, and increasing use of social media analytics, are some of the factors likely to fuel the growth. All interactions are confidential. Some of the prominent players dominating in the digital transformation market include: Revenue in USD billion and CAGR from 2020 to 2027, Revenue forecast, company market share, competitive landscape, growth factors, and trends, Type, deployment, enterprise size, end use, region, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; Germany; U.K.; China; India; Japan; Brazil. The report " Digital Transformation Market by Technology (Cloud Computing, Big Data and Analytics, Mobility/Social Media, Cybersecurity, Artificial Intelligence), Deployment Type, Vertical (BFSI, Retail, Education), and Region - Global Forecast to 2025", size is expected to grow from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5% during the … Factors that are driving the market demand in retail are the necessary satisfaction of customer expectations and rising customers’ purchasing power, which in turn is leading to the new customer acquisitions and helping in the retention of existing customers. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2020 to 2027. The presence of many digital transformation solution providers in North America is expected to significantly drive market growth in the region. Telecom Egypt will provide low-latency connectivity across Egypt to improve performance and increase the reliability of Microsoft service customers. Copyright © 2020 Grand View Research, Inc. All rights reserved. Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped, Segment-level analysis in terms of Solution, Services, Enterprise Size, End-User along with market size forecasts and estimations to detect key areas of industry growth in detail, Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics, Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis, Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development, A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment, Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies, An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions, Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market, Global Digital Transformation Market By Region, From 2020-2025 ( USD Billion ), Global Digital Transformation Market By Solution, From 2020-2025 ( USD Billion ), Global Cloud Computing Market By Region, From 2020-2025 ( USD Billion ), Global Big Data Market By Region, From 2020-2025 ( USD Billion ), Global Mobility Market By Region, From 2020-2025 ( USD Billion ), Global Social Media Market By Region, From 2020-2025 ( USD Billion ), Global Digital Transformation Market By Services, From 2020-2025 ( USD Billion ), Global Training Market By Region, From 2020-2025 ( USD Billion ), Global Maintenance  Market By Region, From 2020-2025 ( USD Billion ), Global Advice Market By Region, From 2020-2025 ( USD Billion ), Global Digital Transformation Market By Enterprise Size, From 2020-2025 ( USD Billion ), Global Small And Medium-Sized Enterprises (SMEs) Market By Region, From 2020-2025 ( USD Billion ), Global Large Companies Market By Region, From 2020-2025 ( USD Billion ), Global Digital Transformation Market By End-User, From 2020-2025 ( USD Billion ), Global BFSI Market By Region, From 2020-2025 ( USD Billion ), Global Telecommunications Market By Region, From 2020-2025 ( USD Billion ), Global Healthcare Market By Region, From 2020-2025 ( USD Billion ), Global Utilities Market By Region, From 2020-2025 ( USD Billion ), Global Retail Market By Region, From 2020-2025 ( USD Billion ), Global Automotive Market By Region, From 2020-2025 ( USD Billion ), Global ICT Market By Region, From 2020-2025 ( USD Billion ). Target is leveraging D2C product partners to help reestablish the brand's cutting edge and manifest new fans among millennials and Gen Z. With the introduction of electric cars and advanced driver assistance systems (ADAS), artificial intelligence and automation solutions find applications in the automotive sector. Companies that don't anticipate how emerging technologies could make their own products obsolete did, and continue to fail. . The hosted segment is expected to expand at the highest CAGR of over 25% owing to the increasing use of mobile devices and advancements in information sharing technologies. IT Infrastructure: 2020 and Beyond. Digital transformation market size in the U.S. 2014-2025 Global enterprise digital transformation tech adoption plan 2017 Canada: digital technology adoption rates 2016, by platform © 2019 Market Data Forecast All Rights Reserved. online dashboard trial. North America held the largest digital transformation market share of 30% in 2019. Automotive Expected to Have Significant Growth. Digital transformation holds the potential to streamline and integrate all business operations for increasing business performance efficiency. Against a spotty landscape pockmarked with failure, Target’s digital transformation remains an ongoing success story. Automation also entails the integration of several mechanical systems with information technology. For example, applying marketing personas can help develop more relevant digital communications as shown by these alternative tactical email customer segmentation approaches. Due to the combination of AI, machine learning, and the deployment of IoT and connected infrastructure, the global market is anticipated to multiply over the calculated period. Type Outlook (Revenue, USD Billion, 2016 - 2027), Deployment Outlook (Revenue, USD Billion, 2016 - 2027), Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2027), End-use Outlook (Revenue, USD Billion, 2016 - 2027), Regional Outlook (Revenue, USD Billion, 2016 - 2027). We observe that industry players invest massively in research and development activities to increase their market share and guarantee the organic growth of their companies. Cloud-based strategies help in improving cost structures and setting up a control center for coordinating and arranging various components of the supply chain. It helps organizations in streamlining their operations to save time, efforts, and resources by replacing traditional processes with automation, thus lowering the rate of errors by users. Digital transformation can help enterprises to withstand the business continuity challenges posed due to the social distancing, lockdown, work from home, and other mandates impacting the market. To undertake a digital transformation, a company needs to make a huge investment in acquiring state-of-the-art technology and the appropriate team to execute the same. Therefore, market numbers are derived from the end-user perspective, considering their (Digital Transformation market operators) orders for the Digital Transformation market. . Growing demand for the adoption of the Internet of Things (IoT) across industries is promoting the introduction of connected and data-rich solutions. During the anticipated time, the automotive sector is likely to become a significant contributor to IT services. The study objectives are to present the Digital Transformation development in North America, Europe VR/AR can assist in e-learning, for which the demand will surge owing to the closure of many schools and universities. According to the current analysis of Reports and Data, the global digital transformation market was valued at USD 261.94 Billion in 2018 and is expected to … Increasing digitalization is propelling the demand for executive education programs for preparing the existing workforce to successfully adapt to the evolving technological landscape. For the purpose of this study, Grand View Research has segmented the global digital transformation market report based on type, deployment, enterprise size, end use, and region. North America dominated the market and accounted for over 30% share of global revenue in 2019. Not in the least. Digital transformation solutions are adopted by companies to enhance and streamline business processes and enable informed business decision-making. While some organizations were prepared, others faced challenges due to the lack of digital strategy and tools or infrastructure to get employees to work from their homes. The automotive industry is one of the largest and first to adopt digitization strategies to increase its productivity. The large enterprise segment is expected to dominate the market share over the forecast period. This can be attributed to the increasing penetration of the internet and the accelerated use of different types of online payment modes, especially in the retail sector. Digital transformation supports organizations in improving their brand’s reputation, customer experience, and customer retention ratios through the implementation of software. The adoption of wireless communication is booming, and the penetration of this technology will develop in the future, resulting in the rate of digital transformation. To overcome this, the companies need to have a strategy in place for the long-term and have a sound capital plan. Digital transformation planning is an effective way of strategically organizing your digital marketing tactics and effectively measuring their success. Initially, several organizations have opted for on-premise solutions as it offers feasible options for the radical customization of the software. Industry players are observed making heavy investments in R&D activities with the objective of increasing their market share and ensuring the organic growth of their companies. Major market players are concentrating on developing new technologies to facilitate the industry with fast response time and low expenditure. The increasing demand for electronic data across operation channels and patient outreach is anticipated to accelerate industry growth. A look at key questions to ask for your digital transformation strategy. The report will account for Covid19 as a key market contributor. The existing situation owing to the outbreak of the epidemic will inspire pharmaceutical vendors and healthcare establishments to improve their R&D investments in AI, acting as a core technology for enabling various initiatives. The on-premise solutions offer more data security and helps companies to comply with various regulations. We don’t expect perfect circumstances, but we realise that unless the key issues are identified early on, and there is a will to fix them, then sometimes things just won’t work. The global digital transformation market size was estimated at USD 284.38 billion in 2019 and is expected to reach USD 336.14 billion in 2020. b. Successful organizations need to adapt to meet changing market forces or face extinction. This is… But in an industry in which an extra 1% of overall growth can be the difference … Growing demand for the adoption of the Internet of Things (IoT) across industries is promoting the introduction of connected and data-rich solutions. The global digital transformation market size was valued at USD 284.38 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 22.5% from 2020 to 2027. By the end-user, the worldwide market is segmented into BFSI, telecommunications, healthcare, utilities, retail, automotive, ICT, and others. Digital transformation can be identified as the application of digital techniques like cloud computing, big data, and so on to increase business performance. The global digital transformation market size was valued at USD 284.38 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 22.5% from 2020 to 2027. In 2019 so far, the retailer has seen digital sales soar year-on-year by 42%, a growth rate that some rivals can only look on with envy. global Digital Transformation status, future forecast, growth opportunity, key market and key players. Seventeen percent of the 330 CFOs surveyed in the U.S. said they expected to cut digital transformation, compared with 78% who planned to target facilities and capital expenditures. Design an exclusive study to serve your research needs. Target's current digital strategy is marrying retail and mobile so customers have a digital companion while going from e-commerce to in-store. Ensuring employee productivity and allowing teamwork across the geographically discrete workforce is another market barrier. Key factors that are driving the digital transformation market growth include demand for the adoption of the Internet of Things (IoT) across industries is promoting the introduction of connected and data-rich solutions. We have been experiencing them for years and are now seeing an accelerated pace of changes that have come before. In recent years there are many discoveries in the field of technologies such as block-chain, quantum computing, and Artificial Intelligence (AI). Global Digital Transformation Market Report – Se . A digital marketing plan provides clear strategic targets for what you want to achieve from your online marketing activities. Thus, the entire process requires a huge capital, which may lead to lower profits initially, however in the long run, the huge investment could become one of the main reasons for business success. According to enterprise size, it is divided into small and medium-sized enterprises (SMEs) and large companies. The analytics segment occupied a significant share of the global market in 2019, owing to the increasing demand to synthesize large volumes of business data in order to derive insights along with the growing number of smart devices and applications being used. The global digital transformation market is expected to grow at a compound annual growth rate of 22.5% from 2020 to 2027 to reach USD 1,392.91 billion by 2027. b. Shifting from traditional to new digitalized business models facilitates the introduction of more technologically advanced products and services. 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