Global Digital Transformation Market will drive by its application to improve operational expenses & business efficiency and to track the real-time business activities
Published | 25 June 2019
According to BlueWeave Consulting, the Global
Digital Transformation Market is expected to grow with a significant rate
during the forecast period 2019-2025, due to its better applications such as proficient
of implanting intelligence into business manoeuvres to facilitate improved and
more effective customer engagements.
The major factor driving the market is the rise
independence of the retail, BFSI, and automotive sectors on IoT-based products
& solutions. Furthermore, with the advent of AI and machine learning and
rapid deployment of IoT and connected infrastructure will accelerate the growth
of the Digital Transformation market. Moreover, increasing solicitations of
digital transformation in organizations for mitigating risks and handling
disruption like corporate restructuring, marketplace fluctuation, and the geopolitical
environment will contribute to digital transformation market growth during the
forecast period. Also, augmentation in
the application of digital transformation in enterprises for enhancing their
brand’s reputation, rising customer experience and retention ratios through the
enactment of software which helps the organizations in instructing and exercise
their internal teams about several aspects.
Artificial Intelligence
Technology of Digital Transformation Market is projected to be the leading segment
of the overall market during the forecast period
On the basis of Technology, the Digital
Transformation market has been segmented into Cloud Computing, Big Data &
Analytics, Mobility/Social Media, Cyber security and Artificial Intelligence. Artificial
Intelligence segment dominates the global Digital Transformation Market owing
to its technologies such as natural language processing, machine learning, and
expert systems. Cloud Computing is driven by its features like with low initial
investment help in enhancing IT capabilities.
The hosted segment of
Digital Transformation Market is anticipated to be the dominating segment of
the overall market during the forecast period
On the basis of Deployment, the Digital
Transformation market has been categorized into Hosted and On-premise. The hosted segment
will lead the market owing to its features like a less initial investment, Accessible
anywhere anytime and very secure data center. On-premise is driven by its features like improving visibility and
facilitating better decision-making, efficiency, and services.
Healthcare is
projected to lead the industry for utilizing applications of the Digital
Transformation during the forecast period
On the basis of End-User Industry, the Digital Transformation
market has been segmented into BFSI, Telecom, Healthcare, Utility, Retail,
Automotive, ICT, and Others. By End-User Industry, Healthcare will lead the
market owing to the speedily rising customers has headed to the requirement of accessible
business models to facilitate efficient handling of patients. BFSI will
influence by its help in mitigating risks associated with costs and facilitate
the implementation of new business strategies.
North America accounts
for the lion’s share of the global Digital Transformation market during the
anticipated period.
On the basis of region, the Digital
Transformation market has been segmented into North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. North America dominates
the global digital transformation market over the forecast period due to early
adoption of digital transformation, technological advancement and increasing
investment in R&D activities for the development of new technologies. Europe
market will drive by higher industrial penetration, and availability of capital
is enabling companies to invest in new technology, and the focus on the
automotive sector.
Global Digital
Transformation Market Competitive Landscape
Companies
such as 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., Siemens AG,
Cognex Corporation, and Kellton Tech Solutions Ltd., are the key players in the
global Digital Transformation market.
Don’t miss the business opportunity of Digital
Transformation Market. Consult our analyst and gain crucial insights and
facilitate your business growth.
The in-depth analysis of the report
provides the growth potential, upcoming trends and statistics of Global Digital
Transformation Market size & forecast. The report promises to provide
state-of-the-art technology of Digital Transformation production and industry
insights which help decision makers to take sound strategic decisions.
Furthermore, the report also analyzes the market drivers and challenges and
competitive analysis of the market.
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