The latest research report by Emergen Research, named ‘Global Digital Transformation Market - Forecast to 2030 The coronavirus outbreak has led to drastic changes in the current Digital Transformation Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Digital Transformation Market growth assessed on both regional and global levels.
The global digital transformation market size reached USD 492.43 Billion in 2021 and is expected to register a revenue CAGR of 20.8% during the forecast period, according to the latest analysis by Emergen Research. Increasing awareness among organizations to adopt digital technology is the key factor driving market revenue growth.
The process of using digital technology to develop new or modify existing business processes, culture, and customer experiences to meet changing business and market requirements is known as digital transformation. Digital transformation is frequently fueled by customer expectations. Businesses must embrace digital transformation if they want to succeed. A lot of businesses think they need to change to keep up with the evolving market forces brought on by digitization.
Covid 19 impact :
The latest report is updated with the impact analysis of the current COVID-19 pandemic on the market. The rapidly changing dynamics of the market and current and future growth potential of the market are covered in the report. The report offers crucial information about the initial and future assessment of the impact of the COVID-19 crisis on the overall market. The study also includes significant information pertinent to the Digital Transformation Market industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Digital Transformation Market industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism.
To identify the key trends in the industry, click on the link below@ https://www.emergenresearch.com/industry-report/digital-transformation-market
Some major companies in the market report include
IBM, SAP SE, Oracle, Microsoft Corporation, Accenture, Google LLC, HCL Technologies Limited, Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Alibaba Cloud, Broadcom, Marlabs, Cognizant, and Capgemini.
Objectives of the Global Digital Transformation Market Study:
- An in-depth study of the evolving market sectors and the growth penetration status of the global Digital Transformation Market
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers acquisitions, collaborations, partnerships, and joint ventures
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Emergen Research has segmented the global digital transformation market on the basis of component, deployment, organization size, end-use, and region:
· Component Outlook (Revenue, USD Billion; 2019-2030)
- Solutions
- Services
· Deployment Outlook (Revenue, USD Billion; 2019-2030)
- Cloud
- On-Premises
· Organization Size Outlook (Revenue, USD Billion; 2019-2030)
- Large Enterprise
- Small Medium Enterprise
· End-Use Outlook (Revenue, USD Billion; 2019-2030)
- BFSI
- Healthcare
- Manufacturing
- IT Telecom
- Government
- Retail
- Media and Entertainment
- Others
Region wise performance of the Digital Transformation Market industry : North America Digital Transformation Market forecast is expected to remain significantly positive in terms of revenue share between 2022 and 2030 . In addition, North America Digital Transformation Market revenue share is expected to remain comparatively larger than that of other regional markets from 2022 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2022 , and the Digital Transformation Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Global Digital Transformation Market Report - Table of Contents:
Chapter 1. Market Definition and Scope
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Regional Analysis
Chapter 6. Product Segmentation
Chapter 7. Application Spectrum
Chapter 8. End-user Landscape
Chapter 9. Competitive Landscape
Chapter 10. Appendix
Thank you for reading our report. Customization of the report is available according to the requirements of clients. Kindly get in touch with us to know more about the report.
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