Digital Transformation Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028
The global digital transformation market is expected to thrive during the forecast period 2023-2028. With rising internet penetration, businesses are using digital technology to expand their geographic footprint and customer base. The latest technologies include interactive chatbots, cloud computing, and blockchain technology to help businesses track target customers and increase customer retention. Moreover, the increasing use of cloud-based platforms is driving the demand for cloud-based software solutions and services among SMEs due to their advantages, such as flexibility and mobility. Cloud-based business software services include data backup, data security, and system upgrades.
Digital transformation across industries addresses several global issues within industries, including companies modernizing their supply chains, data-driven planning, and helping companies gain a competitive advantage over their competitors. Through the software, digital transformation enables businesses to enhance their brand presence, customer experience, and customer retention rates. Organizations are gradually implementing digitalization to succeed in the rapidly changing technology world and address abrupt changes in the sector.
Internet Of Things Development
IoT is fueling the expansion of digital transformation across sectors. To increase productivity and decrease downtime, it transforms how industries approach the increasingly complex systems and machines they use. Smart industrial automation, also known as Industry 4.0 and IoT is a new technical technique for creating, managing, and controlling the entire logistical chain. IoT integration is considerably growing in popularity since it offers outstanding advantages. Manufacturing organizations can benefit from real-time warnings and information provided by IoT. This may reduce operational time while also improving productivity and efficiency. IoT implementation is expected to increase during the forecast period owing to favorable market trends and its growing use across numerous industries. Moreover, IoT technology is one of the most significant technological advancements for digital transformation that can potentially change their sector. IoT has grown to play a significant role in the digital transformation of the public sector, including new initiatives and ongoing city transformation to keep up with the rapid pace of the digital era.
Digitizing Enterprise Business Functions
Advanced technologies such as cloud, IoT, big data and analytics, mobility, and social media are driving innovation and changing the business landscape, leading to increased revenue. Digital transformation is about introducing digital technology into your business processes to change how you use technology and resources to deliver better value to your customers. Companies worldwide are accelerating their digital transformation through migration to the cloud, modernization of legacy IT infrastructure, IoT, and more. For example, major cloud providers such as Microsoft Azure, Google Cloud, and Amazon Web Services (AWS) are investing billions of dollars in upgrading their cloud infrastructure to improve redundancy and security and expanding business functionality.
Market Segmentation
Global Digital Transformation Market is segmented on the basis of technology, end-use, and deployment. Based on technology, the market is segmented into data analytics, cloud computing, AI, IoT, and blockchain. Based on deployment, the market is bifurcated into the cloud, and on-premises. Based on end use, the market is split into healthcare, government, BFSI, retail, manufacturing, telecom & IT, and others.
Growing Need For Industrial Automation:
Companies in the market are also expanding their offerings by adding new features to automation lifecycle management, workload management, credential management, SLA-based automation, Citrix Automation, and new data APIs. Such improvements will attract new industries seeking more advanced operational and security capabilities. Hence driving the growth in the market.
Market player
Major market players in the global digital transformation market are Amazon Web Services, Oracle Corporation, Microsoft Corporation, VMware, Inc., SAP SE, IBM Corporation, Salesforce.com Inc., HCL Technologies Limited, Wipro Limited, and Accenture plc.
Recent Development
- In September 2021, SAP SE introduced "Rise with SAP," a digital product that would make it possible for businesses and customers to use technology for digital transformation. It is a collection of subscription services that combines a number of services and product offers.
- In October 2018, a prominent provider of digital solutions, Oracle Corporation, purchased the California-based artificial intelligence firm DataFox Intelligence, Inc. Oracle will provide businesses with AI-based enterprise data management into cloud apps as a result of this acquisition.
In this report, the Global Digital Transformation Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Digital Transformation Market, By Technology:
- Data Analytics
- Cloud Computing
- AI
- IoT
- Block Chain
- Digital Transformation Market, By End Use:
- Healthcare
- Government
- BFSI
- Retail
- Manufacturing
- Telecom & IT
- Others
- Digital Transformation Market, By Deployment:
- Cloud
- On-premises
- Digital Transformation Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe
- Germany
- United Kingdom
- France
- Russia
- Spain
- Belgium
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Middle East
- Saudi Arabia
- South Africa
- UAE
- Israel
- Turkey
Company Profiles: Detailed analysis of the major companies present in the Global Digital Transformation market.
Global Digital Transformation market report
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Service Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.3. Markets Covered
- 1.4. Years Considered for Study
- 1.5. Key Market Segmentations
- 2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
- 3. Impact of COVID-19 on Global Digital Transformation Market
- 4. Executive Summary
- 5. Voice of Customers
- 5.1. Brand Awareness
- 5.2. Factors Considered while Selecting Vendor
- 5.3. Key Satisfaction Level
- 5.4. Major Challenges Faced
- 6. Global Digital Transformation Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Technology (Data Analytics, Cloud Computing, AI, IoT, and Block Chain)
- 6.2.2. By End Use (Healthcare, Government, BFSI, Retail, Manufacturing, Telecom & IT, and Others)
- 6.2.3. By Deployment Type (Cloud, On-premises)
- 6.2.4. By Region
- 6.3. By Company (2022)
- 6.4. Market Map
- 7. North America Digital Transformation Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Technology
- 7.2.2. By End Use
- 7.2.3. By Deployment
- 7.2.4. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States Digital Transformation Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Technology
- 7.3.1.2.2. By End Use
- 7.3.1.2.3. By Deployment
- 7.3.2. Canada Digital Transformation Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Technology
- 7.3.2.2.2. By End Use
- 7.3.2.2.3. By Deployment
- 7.3.3. Mexico Digital Transformation Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Technology
- 7.3.3.2.2. By End Use
- 7.3.3.2.3. By Deployment
- 8. Asia-Pacific Digital Transformation Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Technology
- 8.2.2. By End Use
- 8.2.3. By Deployment
- 8.2.4. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Digital Transformation Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Technology
- 8.3.1.2.2. By End Use
- 8.3.1.2.3. By Deployment
- 8.3.2. India Digital Transformation Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Technology
- 8.3.2.2.2. By End Use
- 8.3.2.2.3. By Deployment
- 8.3.3. Japan Digital Transformation Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Technology
- 8.3.3.2.2. By End Use
- 8.3.3.2.3. By Deployment
- 8.3.4. South Korea Digital Transformation Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Technology
- 8.3.4.2.2. By End Use
- 8.3.4.2.3. By Deployment
- 8.3.5. Australia Digital Transformation Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Technology
- 8.3.5.2.2. By End Use
- 8.3.5.2.3. By Deployment
- 8.3.6. Singapore Digital Transformation Market Outlook
- 8.3.6.1. Market Size & Forecast
- 8.3.6.1.1. By Value
- 8.3.6.2. Market Share & Forecast
- 8.3.6.2.1. By Technology
- 8.3.6.2.2. By End Use
- 8.3.6.2.3. By Deployment
- 8.3.7. Malaysia Digital Transformation Market Outlook
- 8.3.7.1. Market Size & Forecast
- 8.3.7.1.1. By Value
- 8.3.7.2. Market Share & Forecast
- 8.3.7.2.1. By Technology
- 8.3.7.2.2. By End Use
- 8.3.7.2.3. By Deployment
- 9. Europe Digital Transformation Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Technology
- 9.2.2. By End Use
- 9.2.3. By Deployment
- 9.2.4. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. Germany Digital Transformation Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Technology
- 9.3.1.2.2. By End Use
- 9.3.1.2.3. By Deployment
- 9.3.2. United Kingdom Digital Transformation Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Technology
- 9.3.2.2.2. By End Use
- 9.3.2.2.3. By Deployment
- 9.3.3. France Digital Transformation Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Technology
- 9.3.3.2.2. By End Use
- 9.3.3.2.3. By Deployment
- 9.3.4. Russia Digital Transformation Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Technology
- 9.3.4.2.2. By End Use
- 9.3.4.2.3. By Deployment
- 9.3.4.2.4. By End Use Industry
- 9.3.5. Spain Digital Transformation Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Technology
- 9.3.5.2.2. By End Use
- 9.3.5.2.3. By Deployment
- 9.3.6. Belgium Digital Transformation Market Outlook
- 9.3.6.1. Market Size & Forecast
- 9.3.6.1.1. By Value
- 9.3.6.2. Market Share & Forecast
- 9.3.6.2.1. By Technology
- 9.3.6.2.2. By End Use
- 9.3.6.2.3. By Deployment
- 9.3.7. Italy Digital Transformation Market Outlook
- 9.3.7.1. Market Size & Forecast
- 9.3.7.1.1. By Value
- 9.3.7.2. Market Share & Forecast
- 9.3.7.2.1. By Technology
- 9.3.7.2.2. By End Use
- 9.3.7.2.3. By Deployment
- 10. South America Digital Transformation Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Technology
- 10.2.2. By End Use
- 10.2.3. By Deployment
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Digital Transformation Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Technology
- 10.3.1.2.2. By End Use
- 10.3.1.2.3. By Deployment
- 10.3.2. Argentina Digital Transformation Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Technology
- 10.3.2.2.2. By End Use
- 10.3.2.2.3. By Deployment
- 10.3.3. Colombia Digital Transformation Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Technology
- 10.3.3.2.2. By End Use
- 10.3.3.2.3. By Deployment
- 10.3.4. Peru Digital Transformation Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Technology
- 10.3.4.2.2. By End Use
- 10.3.4.2.3. By Deployment
- 10.3.5. Chile Digital Transformation Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Technology
- 10.3.5.2.2. By End Use
- 10.3.5.2.3. By Deployment
- 11. Middle East & Africa Digital Transformation Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Technology
- 11.2.2. By End Use
- 11.2.3. By Deployment
- 11.2.4. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia Digital Transformation Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Technology
- 11.3.1.2.2. By End Use
- 11.3.1.2.3. By Deployment
- 11.3.2. South Africa Digital Transformation Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Technology
- 11.3.2.2.2. By End Use
- 11.3.2.2.3. By Deployment
- 11.3.3. UAE Digital Transformation Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Technology
- 11.3.3.2.2. By End Use
- 11.3.3.2.3. By Deployment
- 11.3.4. Israel Digital Transformation Market Outlook
- 11.3.4.1. Market Size & Forecast
- 11.3.4.1.1. By Value
- 11.3.4.2. Market Share & Forecast
- 11.3.4.2.1. By Technology
- 11.3.4.2.2. By End Use
- 11.3.4.2.3. By Deployment
- 11.3.5. Turkey Digital Transformation Market Outlook
- 11.3.5.1. Market Size & Forecast
- 11.3.5.1.1. By Value
- 11.3.5.2. Market Share & Forecast
- 11.3.5.2.1. By Technology
- 11.3.5.2.2. By End Use
- 11.3.5.2.3. By Deployment
- 12. Market Dynamics
- 12.1. Drivers
- 12.1.1. Internet Of Things Development
- 12.1.2. Growing Need for Industrial Automation
- 12.1.3. Digitizing Enterprise Business Functions
- 12.2. Challenges
- 12.2.1. Concerns Related with Data Privacy
- 12.2.2. Lack of Awareness
- 13. Market Trends & Developments
- 13.1. Increasing Demand for IoT-enabled Digital Transformation of Enterprises
- 13.2. Rise in Technological Development
- 13.3. Government Initiatives
- 13.4. Increased Adoption in SMEs
- 13.5. Increasing Inclination towards Artificial Intelligence
- 14. Company Profiles
- 14.1. Amazon Web Services
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials (If Available)
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/Services
- 14.2. Oracle Corporation
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials (If Available)
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. Microsoft Corporation
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials (If Available)
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. SAP SE
- 14.4.1. Business Overview
- 14.4.2. Key Revenue and Financials (If Available)
- 14.4.3. Recent Developments
- 14.4.4. Key Personnel
- 14.4.5. Key Product/Services
- 14.5. IBM Corporation
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials (If Available)
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.5.6. SWOT Analysis
- 14.6. Salesforce.com Inc.
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials (If Available)
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. HCL Technologies Limited
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials (If Available)
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. Wipro Limited
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials (If Available)
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Accenture plc
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials (If Available)
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. VMware, Inc.
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials (If Available)
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
- 15. Strategic Recommendations
- 15.1. Key focus on North America
- 15.2. Key focus towards IT & Telecom Industry
- 16. About Us & Disclaimer
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