Digital Transformation Market Growth Analysis, Industry Opportunities, Current Trends and Future Prospects
Research Reports
Apr 07, 2022
Digital Transformation Market Research Report: by Technology (Cloud Computing, Big Data & Analytics, Artificial Intelligence (AI), Internet of things (IoT), Blockchain), By Deployment (On-premise and On-cloud), By Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), By Vertical (BFSI, Healthcare, IT and Telecommunication, Government, Retail, Education and Media & Entertainment), by Region (North America, Europe, Asia-Pacific, Middle East, and Africa, South America) – Forecast till 2025
Market Highlights
As per the digital transformation market research report, the global market for digital transformation is projected to grow swiftly by US$817.05 billion by 2025. According to analysts, the increasing number of mobile devices as well as advanced communication and networking infrastructure will drive the market growth during the forecast period 2019–2025. The digital transformation market research report offers a comprehensive analysis of the global digital transformation market and its deployment, organization size, region, vertical, and technology segments. The lack of skill set along with strict rules of the ICT sector are the elements that could influence the digital transformation market advancement throughout the forecast period 2019–2025. The digital transformation market research report by expert analysts is developed to assist organizations in the digital transformation market.
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Segmentation:
The global digital transformation market has been segmented based on deployment, organization size, region, vertical, and technology. On the basis of deployment, the market for digital transformation is segmented based on on-premise and on-cloud. Additionally, the market on the basis of organization size, is segmented into small and medium-sized enterprises and large enterprises. The global market for digital transformation is also covered based on the vertical segment which is further split into education, government, healthcare, IT and telecommunication, media & entertainment, retail, and BFSI among others. On the basis of technology, the market for digital transformation is segmented based on artificial intelligence (AI), big data & analytics, blockchain, internet of things (IoT), cloud computing, and others.
Major elements such as high deployment cost could obstruct the digital transformation market growth. However, according to the digital transformation market research report, increasing IT spending along with increasing adoption of cloud-based solutions will propel growth throughout the forecast period 2019–2025. The digital transformation market is set to register growth at a high CAGR owing to these key factors. The exploration of deployment, organization size, region, vertical, and technology segments along with regional markets has been given in the global digital transformation market research report. The research analysts studying the digital transformation market have put out market forecasts in the digital transformation market research report in order to support digital transformation market-based companies. The digital transformation market research report provides an extensive understanding of the digital transformation market based on the information and forecasts till 2025.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for digital transformation are predominantly covered in the global digital transformation market research report. Country-level digital transformation markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level digital transformation markets are covered in the report. In Asia-Pacific (APAC) region, the country-level digital transformation markets covered are Japan, India, China, and others. The digital transformation market research report also explores the regional market for digital transformation present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The digital transformation market research report also covers regional markets from the rest of the world alongside digital transformation markets of Africa and the Middle East.
Competitive Landscape
High adoption of mobile devices and significant growth of industry 4.0 are presumed to drive the digital transformation market growth worldwide. The global digital transformation market could be challenged by unorganized business processes and reluctance towards change, nevertheless, organizations in the digital transformation market will carry the growth rate forward. The digital transformation market research report presents company profiles of major companies active in the digital transformation market globally. Furthermore, the global digital transformation market report offers an all-inclusive analysis of the market collected from the digital transformation market’s primary and secondary sources covering both decision makers and thought leaders. The digital transformation market research report highlights such key areas assisting businesses operating in the digital transformation market to build better growth strategies.
Industry News
Google and Ford today revealed a new alliance with Ford and Lincoln’s branded cars to offer Android Automotive beginning in 2023. However, at the same time, both companies have revealed the option of Google Cloud as their favorite cloud provider. As in other car manufacturers, Ford often explores ways to use its data to link its drivers beyond the purchase experience and, perhaps, sometimes visit a dealer for maintenance. To do this, it must be capable of knowing its clients and delivering customized experiences.
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