Digital Transformation Market
Digital Transformation Market Size, Share & Trends Analysis Report by Component (Solutions and Services), by Deployment (Cloud and On-Premise), by Technology (Cloud Computing, Big Data & Analytics, Cybersecurity, Artificial Intelligence (AI), Internet of Things (IoT), Robotic Process Automation (RPA), and Others), and by End-Users (BFSI, Healthcare, IT and Telecom, Government, Retail and E-Commerce, Media and Communication, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Digital transformation market is anticipated to grow at a CAGR of 22.2% during the forecast period. Industry 4.0 enables autonomous decision-making processes, monitors assets, and processes in real-time, and brings more automation than in the third industrial revolution. The arrival of digital transformation in industry 4.0 to increase production capacity, improve customer service and delivery lead times, achieve higher employee satisfaction, and reduce their environmental impact is driving the growth of the global digital transformation market. Industry 4.0 is used interchangeably with the fourth industrial revolution and represents a new stage in the organization and control of the industrial value chain. For instance, in August 2021, Intel India collaborated with Society for Innovation & Entrepreneurship (SINE)-IIT Bombay to launch Plugin Alliance, a first-of-its-kind industry-technology grouping with a focus on accelerating Industry 4.0 transformation in India. Furthermore, the alliance is designed to evolve into a community with the participation of these members, representing all facets of the Industry 4.0 ecosystem.
Segmental Outlook
The global digital transformation market is segmented based on the component, deployment, technology, and end-users. Based on the component, the market is bifurcated into solutions and services. Based on the deployment, the market is divided into cloud and on-premise. Based on the technology, the market is further sub-segmented into cloud computing, big data and analytics, cybersecurity, AI, IoT, RPA, and others. Based on the end-users, the market is augmented into BFSI, IT and telecom, government, retail and e-commerce, media and communication, and others. Among the technology, the big data and analytics sub-segment is expected to hold a significant market share due to its benefits such as providing better insights for decision-making, automating the decision-making process, reducing the cost, and others.
Among the end-users, the BFSI sub-segment is expected to hold a remarkable share in the market growth due to the increasing adoption of digital transformation strategies such as AI, RPA, and other technologies to speed up processes and serve customers during the forecast period. The repetitive nature of tasks increased the possibility of human errors through leveraging new technological tools to automate and error-proof such tasks will further drive the market growth. For instance, in June 2022, Kiya.ai launched Kiyaverse, India’s first banking metaverse which will allow banks to extend their metaverse for clients, partners, and employees, through services that will include Relationship Manager and Peer Avatars and Robo-advisors.
Regional Outlooks
The global digital transformation market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Europe region is expected to hold a considerable market share in the digital transformation market due to the rising demand for digital transformation in several industries over the forecast period. The industries are transforming their technological infrastructure to increase their productivity, overall performance cost-efficient, and enhance customer satisfaction.
Global Digital Transformation Market Growth, by Region 2022-2028
The Asia-Pacific Region is Expected to Cater Fastest Growth in the Global Digital Transformation Market
Among all regions, the Asia-Pacific region is expected to be the fastest-growing region during the forecast period. The growing technology development and expansion of the service sector in the countries such as China, India, and Japan are propelling the growth of the market. For instance, in July 2022, the Indian Insititute of Technology (IIT) Madras launched a smart manufacturing and digital transformation center. The SMDTC will focus on various things such as collaborative research and End-to-End innovation for smart process intelligence, 5G enablement, and smart manufacturing supply chain collaboration. Further, the center aims to create the foundation elements of the manufacturing execution system, IIoT Database, and Manufacturing Intelligent Software platforms for Indian MSMEs, adopting Industry 4.0 practices to attain world-class and self-reliant manufacturing.
Market Players Outlook
The major companies serving the global digital transformation market include Accenture Plc, Adobe Inc., Google LLC, IBM Corp., Microsoft Corp., Oracle Corp., Sap SE, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, UiPath introduced automation cloud robots along with powerful new capabilities to achieve fast and accurate outcomes. The new SaaS robots—along with added features that simplify how developers create automation, uplevel security, and governance, and expand access to automation to Mac help to deepen the reach of automation in the enterprise. The company’s automation cloud robots bring customers the full benefit of the cloud as they scale their automation programs.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital transformation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Digital Transformation Market by Component
4.1.1. Solution
4.1.2. Services
4.2. Global Digital Transformation Market by Deployment
4.2.1. Cloud
4.2.2. On-Premise
4.3. Global Digital Transformation Market by Technology
4.3.1. Cloud-Computing
4.3.2. Big Data & Analytics
4.3.3. Cybersecurity
4.3.4. Artificial Intelligence (AI)
4.3.5. Internet of Things (IoT)
4.3.6. Robotic Process Automation (RPA)
4.3.7. Others (Mobility & Social Media Management & AR/VR)
4.4. Global Digital Transformation Market by End-Users
4.4.1. BFSI
4.4.2. Healthcare
4.4.3. IT and Telecom
4.4.4. Government
4.4.5. Retail & E-commerce
4.4.6. Media & Communication
4.4.7. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Accenture Plc
6.2. Adobe Inc.
6.3. Apple Inc.
6.4. Baidu, Inc.
6.5. Broadcom Inc.
6.6. Dell EMC
6.7. Equinix, Inc.
6.8. Google LLC
6.9. HCL Technologies Ltd.
6.10. Hewlett Packard Enterprise Co.
6.11. IBM Corp.
6.12. Kellton Tech Solutions Ltd.
6.13. Marlabs LLC
6.14. Microsoft Corp.
6.15. Oracle Corp.
6.16. Sap SE
6.17. Salesforce.com, Inc.
6.18. VMware, Inc.
6.19. Tableau Software, Inc.
6.20. Teradata Corp.
6.21. Tibco Software, Inc.
6.22. Wipro Ltd.
1. GLOBAL DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL DIGITAL TRANSFORMATION BY SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL DIGITAL TRANSFORMATION BY SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
5. GLOBAL CLOUD-BASED DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ON-PREMISES DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
8. GLOBAL DIGITAL TRANSFORMATION BY CLOUD-COMPUTING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL DIGITAL TRANSFORMATION BY BIG DATA AND ANALYTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DIGITAL TRANSFORMATION BY CYBERSECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL DIGITAL TRANSFORMATION BY AI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DIGITAL TRANSFORMATION BY IOT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL DIGITAL TRANSFORMATION BY RPA MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL DIGITAL TRANSFORMATION BY OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
16. GLOBAL DIGITAL TRANSFORMATION FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL DIGITAL TRANSFORMATION FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL DIGITAL TRANSFORMATION FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL DIGITAL TRANSFORMATION FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL DIGITAL TRANSFORMATION FOR RETAIL & E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL DIGITAL TRANSFORMATION FOR MEDIA & COMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22. GLOBAL DIGITAL TRANSFORMATION FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
23. GLOBAL DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
24. NORTH AMERICAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. NORTH AMERICAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
26. NORTH AMERICAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
27. NORTH AMERICAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
28. NORTH AMERICAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
29. EUROPEAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. EUROPEAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
31. EUROPEAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
32. EUROPEAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
33. EUROPEAN DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
34. ASIA-PACIFIC DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
36. ASIA-PACIFIC DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
37. ASIA-PACIFIC DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
38. ASIA-PACIFIC DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
39. REST OF THE WORLD DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
40. REST OF THE WORLD DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
41. REST OF THE WORLD DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
42. REST OF THE WORLD DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
43. REST OF THE WORLD DIGITAL TRANSFORMATION MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
1. GLOBAL DIGITAL TRANSFORMATION MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL DIGITAL TRANSFORMATION BY SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL DIGITAL TRANSFORMATION BY SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL DIGITAL TRANSFORMATION MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
5. GLOBAL CLOUD-BASED DIGITAL TRANSFORMATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL ON-PREMISE DIGITAL TRANSFORMATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL DIGITAL TRANSFORMATION MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
8. GLOBAL DIGITAL TRANSFORMATION BY CLOUD COMPUTING MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL DIGITAL TRANSFORMATION BY BIG DATA & ANALYTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL DIGITAL TRANSFORMATION BY CYBERSECURITY MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL DIGITAL TRANSFORMATION BY AI MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DIGITAL TRANSFORMATION BY IOT MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL DIGITAL TRANSFORMATION BY RPA MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL DIGITAL TRANSFORMATION BY OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL DIGITAL TRANSFORMATION MARKET SHARE BY END-USERS, 2021 VS 2028 (%)
16. GLOBAL DIGITAL TRANSFORMATION FOR BFSI MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL DIGITAL TRANSFORMATION FOR HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL DIGITAL TRANSFORMATION FOR IT AND TELECOM MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL DIGITAL TRANSFORMATION FOR GOVERNMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. GLOBAL DIGITAL TRANSFORMATION FOR RETAIL AND E-COMMERCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
21. GLOBAL DIGITAL TRANSFORMATION FOR MEDIA AND COMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
22. GLOBAL DIGITAL TRANSFORMATION FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
23. GLOBAL DIGITAL TRANSFORMATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
24. US DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
25. CANADA DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
26. UK DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
27. FRANCE DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
28. GERMANY DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
29. ITALY DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
30. SPAIN DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF EUROPE DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
32. INDIA DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
33. CHINA DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
34. JAPAN DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
35. SOUTH KOREA DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF ASIA-PACIFIC DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
37. REST OF THE WORLD DIGITAL TRANSFORMATION MARKET SIZE, 2021-2028 ($ MILLION)
