Digital Transformation Market by Solution, Service, Business Type, End User, Deployment type, Vertical, and Region – Global Forecast to 2021
“Increasing demand for internet of things and increased penetration of mobile devices and apps drives the digital transformation market”
The digital transformation market size is estimated to grow from USD 148.04 billion in 2015 to USD 392.15 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7%.
As global market competition shrinks profit margins, organisations seek ways to increase revenue while reducing expenses. Firms of all sizes now focus on sales and market saturation in local markets and gap-analysis.
The restraining factor for higher digital transformation adoptions rates continues to by held back by a lack of awareness of the benefits of digitalization.
The cloud deployment segment of the digital transformation market, by deployment type is estimated to hold the largest market share during the forecast period.
Cloud solutions offer easy tool access across all devices, are easy to deploy, and help drop costs with no up-front capital required for software purchase.
The market for cloud digital transformation solutions is expected to witness significant traction during the forecast period.
“APAC digital transformation market is projected to grow at the highest growth rate during the forecast period”
The Asia Pacific region is expected to have the highest growth rate during the forecast period.
This growth can be attributed to the increasing technological advancements, increasing mobile app users, and big data analytics companies showing positive trend towards adoption of these technologies, thereby presenting immense growth potential for the Asia-Pacific digital transformation market in the near future. In the Asia-Pacific region, China will be the epicenter of digital innovations.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:
– By Company Type: Tier 1 – 30%, Tier 2 – 40%, and Tier 3 – 30%
– By Designation: C-level – 72%, Director level – 14%, and Others – 14%
– By Region: North America – 57%, Europe – 14%, and APAC – 29%
The various key vendors profiled in the report are as follows:
- SAP AG (Germany)
- IBM Corporation (U.S.)
- Oracle Corporation (U.S.)
- Google, Inc. (U.S.)
- DELL EMC (U.S.)
- Adobe Systems (U.S.)
- HP (U.S.)
- CA Technologies (U.S.)
- Microsoft Corporation (U.S.)
- Adobe Systems (U.S.)
- Accenture PLC (Ireland)
- Capgemini (France)
- Apple, Inc. (U.S.)
- Kelltontech (U.S.)
Full report at Report Buyer