Digital Transformation Market- Global Industry Trends And Forecast Analysis By 2025
The
global digital transformation market is expected to reach
USD 798.44 billion by 2025, according to a new study by Grand View Research,
Inc. The increasing necessity for the introduction of innovative solutions that
are capable of engaging customers or employees to integrate process, data, IT
and business and the increasing demand for the adoption of Internet of Things
(IoT) are propelling market growth.
U.S. digital transformation market, by solution, 2014 - 2025 (USD Billion) |
Digital
transformation allows organizations to tackle disruptive changes such as
marketplace fluctuation, and corporate restructuring, among others, occurring
in their markets and customer base by designing new products, services, and
business models leveraging digitalization. These newly designed solutions are
generally a mix of digitally stored historical information about business
activities and the customers Furthermore, they facilitate the transformation of
traditional processes, business activities, and models to take advantage of the
upcoming changes and opportunities of digital technologies.
Moreover,
factors such as optimization of end-to-end customer experience and improvement
in operational flexibility are promoting the growth of digital transformation
along with the recognition of new revenue sources.
Browse full
research report on Digital Transformation Market:
www.grandviewresearch.com/industry-analysis/digital-transformation-market
Further key
findings from the study suggest:
- The hosted deployment segment is anticipated
gain momentum owing to advantages such as convenience, lower cost, and
better security. The segment is estimated to grow at a CAGR of 22.3% over
the forecast period
- The healthcare segment is presumed to find the
highest growing application and is estimated to grow at CAGR of 19.5% over
the next eight years. This can be attributed to the increasing focus of
the healthcare providers towards improving the patient care by
implementing digital process and technology
- North America accounted for the largest share
in 2016 owing to growing customer interaction through smart devices such
as tablets, smartphones, and phablets, among others in this region
- Furthermore, the presence of leading players
such as IBM Corp., CA Technologies, and Hewlett Packard Enterprise Co,
among others in the North American region is a key factor contributing to
the regional market dominance
- The Asia Pacific regional market is expected to
grow at the highest CAGR over the next eight years. This can be attributed
to the growing demand for the application of the Internet of Things.
- The key industry participants include SAP SE,
IBM Corporation, Oracle Corporation, Google Inc., Dell EMC, Hewlett
Packard Enterprise Co., CA Technologies, Microsoft Corporation, Adobe
Systems Incorporated, Accenture plc, Capgemini Group, Apple Inc., and
Kellton Tech Solutions Ltd.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global digital transformation
market on the basis of type, deployment, enterprise size, end-use, and region:
Type Scope
(Revenue, USD Billion; 2014 - 2025)
- Solution
- Analytics
- Cloud
Computing
- Mobility
- Social
Media
- Others
- Service
- Professional
Services
- Implementation
& Integration
Deployment
Outlook (Revenue, USD Billion; 2014 - 2025)
- Hosted
- On-premise
Enterprise
Size Outlook (Revenue, USD Billion; 2014 - 2025)
- Large
Enterprise
- Small
and Medium Enterprise
End-use
Outlook (Revenue, USD Billion; 2014 - 2025)
- BFSI
- Government
- Healthcare
- IT &
Telecom
- Manufacturing
- Retail
- Others
Regional
Outlook (Revenue, USD Billion; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- MEA
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-digital-transformation-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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