Report Description

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 help 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 organisations 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 the 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, for improving redundancy, security and expanding busniness functionality.


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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 block chain. Based on deployment, the market is bifurcated into cloud, 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 diriving 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 , 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. 

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

·         By Technology

·         By End Use

·         By Deployment

Regional scope

North America,Asia-Pacific, Europe, South America, Middle East

Country scope

United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile,, Saudi Arabia, South Africa, UAE, Israel, Turkey

Key companies profiled

Amazon Web Services, Oracle Corporation,  Microsoft Corporation, VMware, Inc., SAP SE, IBM Corporation, Salesforce.com Inc., HCL Technologies Limited, Wipro Limited , Accenture plc

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

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:

o   Data Analytics

o   Cloud Computing

o   AI

o   IoT

o   Block Chain

       ·         Digital Transformation Market, By End Use:

o   Healthcare

o   Government

o   BFSI

o   Retail

o   Manufacturing

o   Telecom & IT

o   Others

       ·         Digital Transformation Market, By Deployment:

o   Cloud

o   On-premises

       ·         Digital Transformation Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  India

§  Japan

§  South Korea

§  Australia

§  Singapore

§  Malaysia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

§  Belgium

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Peru

§  Chile

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

§  Israel

§  Turkey

 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Digital Transformation market.

Available Customizations:

Global Digital Transformation market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

The Global Digital Transformation market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

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 (Cloud, On-premises)

6.2.4.    By Region

6.2.5.    By Company

6.3.  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

9.3.5.    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

10.2.1.1.     By Technology

10.2.1.2.     By End Use

10.2.1.3.     By Deployment

10.2.1.4.     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 Intellegnce

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

14.6.             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

Figures and Tables

Frequently asked questions

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Amazon Web Services, Oracle Corporation, Microsoft Corporation, VMware, Inc., SAP SE, IBM Corporation, Salesforce.com Inc., HCL Technologies Limited, Wipro Limited , and Accenture plc.

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The major market segments in the Global Digital Transformation Market are technology, End Use, Deployment and region

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Asia-Pacific is the fastest-growing region in the Global Digital Transformation Market owing to increasing internet penetration and favorable government initiatives.

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The Digital Transformation provides companies to sustain in comptitive environment and also helps to have a better understanding of the customer, their needs, and the market in order to create an efficient business strategy to drive business growth.

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Sakshi Bajaal

Business Consultant
Press Release

Smart City Initiative Aims to Drive Digital Transformations Market Growth by 2028

Dec, 2022

Growing Use of AI & Robotics in End-Use Industries is Expected to Drive the Growth of the Global Digital Transformation Market during the forecast period of 2024-2028