Digital Transformation Market By Component (Solution, Service), By Deployment Mode (On-premise, Cloud), By Enterprise Size (Large Enterprises, SMEs), By Technology (Artificial Intelligence, Cloud Computing, Blockchain, Big Data and Business Analytics, Cybersecurity, Others), By Industry Vertical (BFSI, Retail and E-commerce, IT and Telecom, Healthcare and Lifesciences, Government and Defense, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
Digital transformation is the incorporation of computer-based technologies into products, processes, and strategies of an organization. Organizations undertake digital transformation to better engage and serve their workforce and customers and thus improve their ability to compete.
The key factors that drive the growth of the digital transformation market include rise in adoption of industrial robots and growth in usage of mobile devices and apps. The rise in the adoption of industrial robots is a pivotal growth factor for the digital transformation industry. Industrial robots, equipped with advanced sensors, AI, and connectivity capabilities, have revolutionized the manufacturing and industrial sectors. They play a crucial role in automating processes, enhancing efficiency, and enabling a broader digital transformation across various industries. In addition, increase in use of digital experience platforms (DXPs) to enhance the customer experience is considered a key factor in boosting the digital transformation market.
However, data privacy and security concerns associated with digital technologies are expected to hamper market growth. Data privacy and security concerns pose significant restraints on digital transformation initiatives. The migration of data and applications to the cloud introduces concerns about data security and control. Organizations must address these challenges to maintain data integrity and privacy. Contrarily, high usage of digital transformation in healthcare sector contributes significantly to the growth of the digital transformation market. Telemedicine and remote patient monitoring have gained significant traction, enabling healthcare providers to reach patients wherever they are. This transformation in care delivery requires advanced digital technologies and connectivity. Hence, these factors are expected to drive the growth of the digital transformation market in the coming years.
The report focuses on growth prospects, restraints, and trends of the digital transformation market analysis. The study provides Porter’s five forces analysis to understand the impact of numerous factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the digital transformation market.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digital transformation market analysis from 2022 to 2032 to identify the prevailing digital transformation market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the digital transformation market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global digital transformation market trends, key players, market segments, application areas, and market growth strategies.
End user preferences and pain points
Product Benchmarking / Product specification and applications
Product Life Cycles
Technology Trend Analysis
Go To Market Strategy
New Product Development/ Product Matrix of Key Players
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Key Market SegmentsBy Deployment ModeOn-premise
Cloud
By ComponentSolution
Service
By Enterprise SizeLarge Enterprises
SMEs
By Industry VerticalBFSI
Retail and E-commerce
IT and Telecom
Healthcare and Lifesciences
Government and Defense
Others
By TechnologyArtificial Intelligence
Cloud Computing
Blockchain
Big Data and Business Analytics
Cybersecurity
Others
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersGoogle Inc.
IBM Corporation
HCL Technologies Limited
Cognizant
Accenture plc
Oracle Corporation
SAP SE
Microsoft Corporation
Adobe Systems Inc
Hewlett Packard Enterprise Development LP
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