Global Digital Transformation Consulting Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Digital Transformation Consulting Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Digital Transformation Consulting is a service that brings the power of a design-led approach to digital process simplification. Digital consulting is all about incorporating emerging technologies to improve the experience design, customer experience, and marketing transformation. The digital transformation consulting services analyze the organizations’ requirements, existing resources, and their ability to scale to recommend the right digital processes and the experience transformation guideposts that help them to effectively use the digital technology, tools, and platforms.

Digital transforming consultancy is a service which helps the business to formulate the strategy for their digital transformation & implement it to enhance the business performance through digital technologies. These services are offered by firms which help an organization to transform into digital realm, result in reducing the office work, paper work (invoices, bills, etc.) & leads the organization to focus on their core business. These firms provide solution to a problem or service in transformation to its client, as they may have limited knowledge or workforce to do the same. The digitally transformed organization may see improved customer experience, offer better working conditions to its employees, reduction in guess work as the analyzed data will be readily available which will lead competitive environment & ready to changes without any drag will result in increase in profits of organization business. The digital transformation is need of the hour as every business is trying to digitized to reach its customer segment; it can be called reinventing, as strategy, planning, operations have significant changes.

Market Overview:

The latest research study on the global Digital Transformation Consulting Services market finds that the global Digital Transformation Consulting Services market reached a value of USD 60613.0 million in 2022. It’s expected that the market will achieve USD 138852.75 million by 2028, exhibiting a CAGR of 14.81% during the forecast period.

Market Challenges

Extracting value from data has become a key requirement for companies to successfully mitigate risks, target valuable customers, and evaluate business performance. Monetizing these data assets require the availability of a sufficient amount of data. However, data consolidation from distinct data sources into meaningful information can incite various new challenges for organizations, especially centralized business enterprises. Data exchange and data ecosystem deliver tools to analyze the collected data at a centralized location and help extract and cross-check business-critical components. The development of data exchanges and data ecosystems varies based on the assumptions made in the value of the data for each customer segment. Various digital transformation providers offer unified data aggregation and data analytics platforms that help users in successfully aggregating and analyzing data from disparate data sources. Data exchange is a major concern for industries, such as BFSI and healthcare, which deal with individual’s confidential data. As the need for data exchange increases, it needs to be balanced with risk mitigation capabilities.

For example, it is difficult to obtain industrial data, and different automation equipment manufacturers generally have their own industrial agreements, which require high knowledge reserves for industry and equipment. With companies adopting the digital transformation software integrated with data security capabilities, data exchange is not expected to be a major issue in the near future.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Accenture, Deloitte and PwC with the revenue market share of 10.84%, 8.53% and 7.30% in 2020.

Accenture, Inc. provides management consulting, technology, and outsourcing services. The Company offers its management consulting services in customer relationship management, finance and enterprise performance, operations, risk management, strategy, and talent and organization service areas.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax, and related services.

Segmentation Overview:

Among different product types, Online Service segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Large Enterprises segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Digital Transformation Consulting Services market covered in Chapter 3:

Globant
BCG
McKinsey
Capgemini
Presidio
PwC
KPMG
Bain & Company
Publicis Sapient
EY
Oliver Wyman
IBM
Deloitte
DXC Technology Company
Box
Accenture
Cognizant

In Chapter 4 and Chapter 14.2, on the basis of types, the Digital Transformation Consulting Services market from 2018 to 2029 is primarily split into:

Online Service
Offline Service

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Digital Transformation Consulting Services market from 2018 to 2029 covers:

SMEs
Large Enterprises

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)