Digital Transformation Market by Technology (IoT, Cloud Computing, Big Data Analytics, Artificial Intelligence, Cybersecurity, Mobility Solutions, AR/VR, Robotic Process Automation, Others), End-use Industry (Retail, Government and Public Sector, Healthcare, Supply Chain and Logistics, Utilities, Manufacturing, Insurance, IT and Telecom, Media and Entertainment, Banking and Financial Services, Education, Others) Industry Size (Small and Medium Enterprises, Large Enterprises), Process (Customer Transformation, Operational Transformation, Product Transformation, Workforce Transformation) - Global Forecast to 2025

  • Report ID:MRICT - 104279
  • Pages: 260
  • Feb 2020
  • Formats*: PDF
  • Category: Information & Communications Technology
  • Delivery: 2 to 4 Hours

1. Introduction
    1.1. Market Definition
    1.2. Market Ecosystem
    1.3. Currency and Limitations
          1.3.1. Currency
          1.3.2. Limitations
    1.4. Key Stakeholders

2. Research Methodology
    2.1. Research Approach
    2.2. Data Collection & Validation
          2.2.1. Secondary Research
          2.2.2. Primary Research
    2.3. Market Assessment
          2.3.1. Market Size Estimation
          2.3.2. Bottom-Up Approach
          2.3.3. Top-Down Approach
          2.3.4. Growth Forecast
          2.3.5. Market Share Analysis
    2.4. Assumptions for the Study

3. Executive Summary
    3.1. Overview
    3.2. Market Analysis by Product
    3.3. Market Analysis by End Use Industry
    3.4. Market Analysis by Connectivity Medium
    3.5. Market Analysis by Geography
    3.6. Competitive Analysis

4. Market Insights
    4.1. Introduction
    4.2. Market Dynamics
          4.2.1. Drivers
                   4.2.1.1. Promising Government Initiatives & Policies Towards Digitization In Developing Nations
                   4.2.1.2. Lack of Skilled Workers In Tradition Manufacturing
                   4.2.1.3. Increasing Online Sales Methods
                   4.2.1.4. Increasing Adoption of Ai & Robotics In Manufacturing Industries
          4.2.2. Restraints
                   4.2.2.1. High Cost of Digital Transformation
                   4.2.2.2. Lack of Infrastructure
          4.2.3. Opportunities
                   4.2.3.1. Integration of AR/VR For Enhancing Consumer Experience
                   4.2.3.2. Untapped Opportunities in Healthcare
                   4.2.3.3. Untapped Opportunities in Construction
          4.2.4. Challenges
                   4.2.4.1. Lack of Overall Digital Strategy
                   4.2.4.2. Lack of Thought Leadership In Driving Digital Transformation
          4.2.5. Trends
                   4.2.5.1. Rising Focus on Blockchain
                   4.2.5.2. Adaptation of 5G Technology
                   4.2.5.3. Technological Advancements In Artificial Intelligence And Big Data & Analytics

5. Digital Transformation Market, by Technology
    5.1. Introduction
    5.2. Internet of Things
    5.3. Cloud Computing
    5.4. Big Data & Analytics
    5.5. Artificial Intelligence
    5.6. Cybersecurity
    5.7. Mobility Solutions
    5.8. AR/VR
    5.9. Robotic Process Automation

6. Digital Transformation Market, by End Use Industry
    6.1. Introduction
    6.2. Retail
    6.3. Government & Public Sector
    6.4. Healthcare
    6.5. Supply Chain & Logistics
    6.6. Utilities
    6.7. Manufacturing
    6.8. Insurance
    6.9. It & Telecom
    6.10. Media & Entertainment
    6.11. Banking & Financial Services
    6.12. Education

7. Digital Transformation Market, by Industry Size
    7.1. Introduction
    7.2. Small & Medium Enterprises
    7.3. Large Enterprises

8. Digital Transformation Market, by Process
    8.1. Introduction
    8.2. Customer Transformation
    8.3. Operational Transformation
    8.4. Product Transformation
    8.5. Workforce Transformation

9. Global Digital Transformation Market, by Geography
    9.1. Introduction
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
    9.3. Europe
          9.3.1. Germany
          9.3.2. U.K.
          9.3.3. France
          9.3.4. Italy
          9.3.5. Spain
          9.3.6. Rest of Europe (RoE)
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
          9.4.4. Rest of Asia-Pacific (RoAPAC)
    9.5. Latin America
          9.5.1. Mexico
          9.5.2. Argentina
          9.5.3. Chile
          9.5.4. Rest of Latin America (LatAM)
    9.6. Middle East & Africa

10. Competitive Landscape
      10.1. Competitive Growth Strategies
              10.1.1. New Product Launches
              10.1.2. Mergers and Acquisitions
              10.1.3. Partnerships, Agreements, & Collaborations
      10.2. Market Share Analysis by Key Players
      10.3. Competitive Benchmarking

11. Company Profiles
      11.1. Microsoft Corporation
              11.1.1. Business Overview
              11.1.2. Financial Overview
              11.1.3. Product Portfolio
              11.1.4. Strategic Developments
      11.2. IBM Corporation
              11.2.1. Business Overview
              11.2.2. Financial Overview
              11.2.3. Product Portfolio
              11.2.4. Strategic Developments
      11.3. Dell EMC
              11.3.1. Business Overview
              11.3.2. Financial Overview
              11.3.3. Product Portfolio
              11.3.4. Strategic Developments
      11.4. HP, Inc.
              11.4.1. Business Overview
              11.4.2. Financial Overview
              11.4.3. Product Portfolio
              11.4.4. Strategic Developments
      11.5. Google LLC
              11.5.1. Business Overview
              11.5.2. Financial Overview
              11.5.3. Product Portfolio
              11.5.4. Strategic Developments
      11.6. SAP SE
              11.6.1. Business Overview
              11.6.2. Financial Overview
              11.6.3. Product Portfolio
              11.6.4. Strategic Developments
      11.7. Adobe, Inc.
              11.7.1. Business Overview
              11.7.2. Financial Overview
              11.7.3. Product Portfolio
              11.7.4. Strategic Developments
      11.8. Oracle Corporation
              11.8.1. Business Overview
              11.8.2. Financial Overview
              11.8.3. Product Portfolio
              11.8.4. Strategic Developments
      11.9. Intel Corporation
              11.9.1. Business Overview
              11.9.2. Financial Overview
              11.9.3. Product Portfolio
              11.9.4. Strategic Developments
      11.10. Nvidia Corporation
                11.10.1. Business Overview
                11.10.2. Product Portfolio
                11.10.3. Product Portfolio
                11.10.4. Strategic Developments
      11.11. Cognizant
                11.11.1. Business Overview
                11.11.2. Financial Overview
                11.11.3. Product Portfolio
                11.11.4. Strategic Developments
      11.12. Accenture Plc
                11.12.1. Business Overview
                11.12.2. Financial Overview
                11.12.3. Product Portfolio
                11.12.4. Strategic Developments
      11.13. Capgemini Se
                 11.13.1. Business Overview
                 11.13.2. Financial Overview
                 11.13.3. Product Portfolio
                 11.13.4. Strategic Developments
      11.14. Cognex Corporation
                11.14.1. Business Overview
                11.14.2. Financial Overview
                11.14.3. Product Portfolio
                11.14.4. Strategic Developments
      11.15. Deloitte Touché Tohmatsu Limited
                11.15.1. Business Overview
                11.15.2. Financial Overview
                11.15.3. Product Portfolio
                11.15.4. Strategic Developments
      11.16. Pricewaterhousecoopers (Pwc)
                11.16.1. Business Overview
                11.16.2. Financial Overview
                11.16.3. Product Portfolio
                11.16.4. Strategic Developments
      11.17. Salesforce.Com, Inc.
                11.17.1. Business Overview
                11.17.2. Financial Overview
                11.17.3. Product Portfolio
                11.17.4. Strategic Developments
      11.18. Cisco Systems, Inc.
                11.18.1. Business Overview
                11.18.2. Financial Overview
                11.18.3. Product Portfolio
                11.18.4. Strategic Developments
      11.19. Hakuna Matata Solutions Pvt. Ltd.
                11.19.1. Business Overview
                11.19.2. Financial Overview
                11.19.3. Product Portfolio
                11.19.4. Strategic Developments
      11.20. Sciencesoft, Inc.
                11.20.1. Business Overview
                11.20.2. Product Portfolio
                11.20.3. Product Portfolio
                11.20.4. Strategic Developments
      11.21. Sumatosoft
                11.21.1. Business Overview
                11.21.2. Product Portfolio
                11.21.3. Product Portfolio
                11.21.4. Strategic Developments
      11.22. Space-O Technologies
                11.22.1. Business Overview
                11.22.2. Product Portfolio
                11.22.3. Product Portfolio
                11.22.4. Strategic Developments

12. Appendix
      12.1. Available Customization

List of Tables

Table 1 Global Digital Transformation Market Drivers: Impact Analysis (2018-2023)
Table 2 Global Digital Transformation Market Restraints: Impact Analysis (2018-2025)
Table 3 Global Digital Transformation Market Size, by Technology, 2017-2025 ($Billion)
Table 4 Global IoT Market Size, by Country/Region, 2017-2025 ($Billion)
Table 5 Global Cloud Computing Market Size, by Country/Region, 2017-2025 ($Billion)
Table 6 Global Big Data & Analytics Market Size, by Country/Region, 2017-2025 ($Billion)
Table 7 Global Artificial Intelligence Market Size, by Country/Region, 2017-2025 ($Billion)
Table 8 Global Cybersecurity Market Size, by Country/Region, 2017-2025 ($Billion)
Table 9 Global Mobility Solutions Market Size, by Country/Region, 2017-2025 ($Billion)
Table 10 Global AR/VR Market Size, by Country/Region, 2017-2025 ($Billion)
Table 11 Global Robotic Process Automation Market Size, by Country/Region, 2017-2025 ($Billion)
Table 12 Global Digital Transformation Market Size, by End Use Industry, 2017-2025 ($Billion)
Table 13 Digital Transformation Market Size for Retail Vertical, by Country/Region, 2017-2025 ($Billion)
Table 14 Digital Transformation Market Size For Government & Public Sector, by Country/Region, 2017-2025 ($Billion)
Table 15 Digital Transformation Market Size for Healthcare Vertical, by Country/Region, 2017-2025 ($Billion)
Table 16 Digital Transformation Market Size for Supply Chain & Logistics Vertical, by Country/Region, 2017-2025 ($Billion)
Table 17 Digital Transformation Market Size for Utilities Vertical, by Country/Region, 2017-2025 ($Billion)
Table 18 Digital Transformation Market Size for Manufacturing Vertical, by Country/Region, 2017-2025 ($Billion)
Table 19 Digital Transformation Market Size for Insurance Vertical, by Country/Region, 2017-2025 ($Billion)
Table 20 Digital Transformation Market Size for It & Telecom Vertical, by Country/Region, 2017-2025 ($Billion)
Table 21 Digital Transformation Market Size for Media & Entertainment Vertical, by Country/Region, 2017-2025 ($Billion)
Table 22 Digital Transformation Market Size for Banking & Financial Services Vertical, by Country/Region, 2017-2025 ($Billion)
Table 23 Digital Transformation Market Size for Education Vertical, by Country/Region, 2017-2025 ($Billion)
Table 24 Global Digital Transformation Market Size, by Industry Size, 2017-2025 ($Billion)
Table 25 Digital Transformation Market Size for Small & Medium Enterprises, by Country/Region, 2017-2025 ($Billion)
Table 26 Digital Transformation Market Size for Large Enterprises, by Country/Region, 2017-2025 ($Billion)
Table 27 Global Digital Transformation Market Size, by Process, 2017-2025 ($Billion)
Table 28 Digital Transformation Market Size for Customer Transformation, by Country/Region, 2017-2025 ($Billion)
Table 29 Digital Transformation Market Size for Operational Transformation, by Country/Region, 2017-2025 ($Billion)
Table 30 Digital Transformation Market Size for Product Transformation, by Country/Region, 2017-2025 ($Billion)
Table 31 Digital Transformation Market Size for Workforce Transformation, by Country/Region, 2017-2025 ($Billion)
Table 32 North America: Digital Transformation Market, by Country/Region, 2017-2025 ($Billion)
Table 33 North America: Digital Transformation Market, by Technology, 2017-2025 ($Billion)
Table 34 North America: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 35 North America: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 36 North America: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 37 U.S.: Digital Transformation Market, by Technology, 2017-2025 ($Billion)
Table 38 U.S.: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 39 U.S.: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 40 U.S.: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 41 Canada: Digital Transformation Market, by Technology, 2017-2025($Billion)
Table 42 Canada: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 43 Canada: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 44 Canada: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 45 Europe: Digital Transformation Market, by Country/Region, 2017-2025 ($Billion)
Table 46 Europe: Digital Transformation Market, by Technology, 2017-2025 ($Billion)
Table 47 Europe: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 48 Europe: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 49 Europe: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 50 Germany: Digital Transformation Market, by Technology, 2017-2025 ($Billion)
Table 51 Germany: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 52 Germany: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 53 Germany: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 54 U.K.: Digital Transformation Market, by Technology, 2017-2025 ($Billion)
Table 55 U.K.: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 56 U.K.: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 57 U.K.: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 58 France: Digital Transformation Market, by Technology, 2017-2025 ($Billion)
Table 59 France: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 60 France: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 61 France: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 62 Italy: Digital Transformation Market, by Technology, 2017-2025 ($Billion)
Table 63 Italy: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 64 Italy: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 65 Italy: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 66 Spain: Digital Transformation Market, by Technology, 2017-2025 ($Billion)
Table 67 Spain: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 68 Spain: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 69 Spain: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 70 Roe: Digital Transformation Market, by Technology, 2017-2025($Billion)
Table 71 Roe: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 72 Roe: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 73 Roe: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 74 Asia Pacific: Digital Transformation Market, by Country/Region, 2017-2025 ($Billion)
Table 75 Asia Pacific: Digital Transformation Market, by Technology, 2017-2027 ($Billion)
Table 76 Asia Pacific: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 77 Asia Pacific: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 78 Asia Pacific: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 79 Japan: Digital Transformation Market, by Technology, 2017-2027 ($Billion)
Table 80 Japan: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 81 Japan: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 82 Japan: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 83 China: Digital Transformation Market, by Technology, 2017-2027($Billion)
Table 84 China: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 85 China: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 86 China: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 87 India: Digital Transformation Market, by Technology, 2017-2027($Billion)
Table 88 India: Digital Transformation Market, by End-Use Industry, 2017-2025 ($Billion)
Table 89 India: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 90 India: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 91 RoAPAC: Digital Transformation Market, by Technology, 2017-2027($Billion)
Table 92 RoAPAC: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 93 RoAPAC: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 94 RoAPAC: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 95 North America: Digital Transformation Market, by Country/Region, 2017-2025 ($Billion)
Table 96 Latin America: Digital Transformation Market, by Technology, 2017-2027 ($Billion)
Table 97 Latin America: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 98 Latin America: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 99 Latin America: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 100 Mexico: Digital Transformation Market, by Technology, 2017-2027 ($Billion)
Table 101 Mexico: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 102 Mexico: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 103 Mexico: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 104 Argentina: Digital Transformation Market, by Technology, 2017-2027 ($Billion)
Table 105 Argentina: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 106 Argentina: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 107 Argentina: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 108 Chile: Digital Transformation Market, by Technology, 2017-2027 ($Billion)
Table 109 Chile: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 110 Chile: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 111 Chile: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 112 RoLatAM: Digital Transformation Market, by Technology, 2017-2027 ($Billion)
Table 113 RoLatAM: Digital Transformation Market, by End Use Industry, 2017-2025 ($Billion)
Table 114 RoLatAM: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 115 RoLatAM: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 116 MEA: Digital Transformation Market, by Country/Region, 2017-2025 ($Billion)
Table 117 MEA: Digital Transformation Market, by Technology, 2017-2027 ($Billion)
Table 118 MEA: Digital Transformation Market, by End-Use Industry, 2017-2025 ($Billion)
Table 119 MEA: Digital Transformation Market, by Industry Size, 2017-2025 ($Billion)
Table 120 MEA: Digital Transformation Market, by Process, 2017-2025 ($Billion)
Table 121 Recent Developments, by Company, 2016-2019
Table 122 New Product Launches, 2016-2019
Table 123 Mergers and Acquisitions, 2016-2019
Table 124 Partnerships, Agreements, & Collaborations, 2016-2019
 

List of Figures

Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Market Sizing and Growth Forecast Approach
Figure 6 IoT The Global Digital Transformation Market
Figure 7 Banking & Financial Services Sector Dominates the Global Digital Transformation Market
Figure 8 Small & Medium Scale Enterprise Dominates the Global Digital Transformation Market
Figure 9  Operational Transformational Dominates the Global Digital Transformation Market
Figure 10 Digital Transformation Market Overview: 2019-2025
Figure 11 Global Digital Transformation Market Size, by Technology, 2019-2025 ($Billion)
Figure 12 Global Digital Transformation Market Size, by End Use Industry, 2019-2025 ($Billion)
Figure 13 Global Digital Transformation Market Size, by Industry Size, 2019-2025 ($Billion)
Figure 14 Global Digital Transformation Market Size, by Process, 2019-2025 ($Billion)
Figure 15 Global Digital Transformation Market Size, by Region, 2017-2025 ($Billion)
Figure 16 Growth Strategies Adopted by The Key Players, 2016-2019
Figure 17 Global Digital Transformation Market Share, by Key Players, 2018
Figure 18 Digital Transformation Market: Competitive Benchmarking
Figure 19 Microsoft Corporation: Financial Overview (2016-2018)
Figure 20 IBM Corporation: Financial Overview (2016-2018)
Figure 21 Dell EMC: Financial Overview (2016-2018)
Figure 22 HP, Inc.: Financial Overview (2016-2018)
Figure 23 Google LLC: Financial Overview (2016-2018)
Figure 24 Sap Se: Financial Overview (2016-2018)
Figure 25 Adobe, Inc.: Financial Overview (2016-2018)
Figure 26 Oracle Corporation: Financial Overview (2016-2018)
Figure 27 Intel Corporation: Financial Overview (2016-2018)
Figure 28 Nvidia Corporation: Financial Overview (2016-2018)
Figure 29 Cognizant: Financial Overview (2016-2018)
Figure 30 Accenture Plc: Financial Overview (2016-2018)
Figure 31 Capgemini Se: Financial Overview (2016-2018)
Figure 32 Cognex Corporation: Financial Overview (2016-2018)
Figure 33 Deloitte Touché Tohmatsu Limited: Financial Overview (2016-2018)
Figure 34 Pricewaterhousecoopers (PwC): Financial Overview (2016-2018)
Figure 35 Salesforce.Com, Inc.: Financial Overview (2016-2018)
Figure 36 Cisco Systems, Inc.: Financial Overview (2016-2018)
Figure 37 Hakuna Matata Solutions Pvt. Ltd.: Financial Overview (2016-2018)
Figure 38 Sciencesoft, Inc.: Financial Overview (2016-2018)
Figure 39 Sumatosoft: Financial Overview (2016-2018)
Figure 40 Space-O Technologies: Financial Overview (2016-2018)

 

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The global digital transformation market is expected to grow at a CAGR of 22.7% from 2019 to reach $3,294 billion by 2025 were, Asia Pacific global digital transformation market is expected to grow at the highest CAGR.

Today, in the new digital society, digital co-creation, and digital transformation are becoming a dynamic business norm. The resulting transformations are routing in a new era of how companies track their operations to augment business strategies, provide a better outcome and engage with customers in the digital world. The growth of the global digital transformation market is primarily driven by factors, such as perpetually growing internet users & smart devices, increasing technological advancements, and government initiatives towards digitization. Furthermore, untapped opportunities to increase sales efficiency, enterprises demand streamlining business process, and to take advantage of market dynamics are also contributing to the growth of the global digital transformation market. However, the high cost of transformation and lack of infrastructure is the biggest hindrance for market growth.

Promising Government Initiatives & Policies Towards Digitization in Developing Nations Fuels the Growth of the Global Digital Transformation Market

In the modern world, citizens now anticipate more personalized, connected experiences with the government owing to which the role of digital transformation becomes even more vital. The use of digital government platforms helps leaders to achieve designated objectives in line with serving the people efficiently. For instance, government initiatives in India include Digital payments (BHIM), AADHAAR (citizen identification program) and direct benefit transfer (DBT), e-education (SWAYAM), e-health, digital farming, and digitization of internal law enforcement agencies among others are promoting digital transformation in the country. Furthermore, the Singapore government is also undertaking initiatives by providing platforms for co-creation access to more than 3,000 government datasets and released more than 110 smartphone applications for its citizens. Government inclination towards adoption of technologies & policies promoting digitization, especially in developing nations, is one of the key factors expected to fuel the growth of global digital transformation in the coming years.

Growing Adoption of Artificial Intelligence & Robotics in End-Use Industries Promoting the Global Digital Transformation Market Growth

Today’s evolving business landscape puts organizations under constant pressure to innovate making digital transformation a top priority for businesses. Artificial intelligence and robotics have become one of the prominent global economic drivers changing diverse sectors including healthcare, manufacturing, BFSI, retail as well as other sectors. According to International Data Corporation (IDC), by 2019, 40% of digital transformation initiatives will use AI services and by 2021, 75% of enterprise applications will use AI. According to the International Federation of Robotics, in 2017 the total worldwide stock of operational industrial robots significantly increased by 15% to 2,097,500 units. In addition, the annual sales volume of industrial robots increased by 114 % over the last five years (2013-2017) evidently prove the growth of robotic process automation (RPA) market. Perceptibly, growth in Artificial intelligence and RPA will encourage the growth of overall global digital transformation market in coming years.

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Key Findings in the Global Digital Transformation Market Study:

Internet of Things (IoT) technology are ready to create an impact on the global digital transformation market with a high growth rate

Internet of Things is poised to post the fastest growth across the global digital transformation market. Several end-user organizations across the globe have started to accept IOT technology as one of the most important technology trends for digital transformation that could reshape their industry. IoT has become a major player in digitally transforming the public sector, including new projects and continuously transforming cities to keep up with the fast pace of the digital age. According to a survey report, it is estimated that worldwide technology spending on the Internet of Things to cross more than $1trillion by 2022, with a CAGR of more than 13% over the 2017-2022 forecast period. Consequently, AR/VR is the next breakthrough technology worth investing in the next few years

Healthcare sector expected to register spearhead growth

Digital technology is transforming into a game-changing strategy for the healthcare sector, owing to the rising end-user dependency on digital health platforms, growing geriatric population, and government initiatives. According to U.S. Department of Commerce’s International Trade Administration, in 2017, overall social protection expenditures in Finland amounted to 31% of GDP ($78.7billion), while social expenditures for healthcare accounted for 22.1% ($17.3 billion) of GDP. According to India Brand Equity Foundation, the hospital industry in India is forecasted to increase to Rs 8.6 trillion (US$ 132.84 billion) by FY22 from Rs 4 trillion (US$ 61.79 billion) in FY17 at a CAGR of 16-17 %. This has further aided the healthcare sector in the field of global digital transformation market.

Asia Pacific: The Fastest Growing Market

The Asia Pacific is presently experiencing notable growth across all fronts including consumer electronics, internet infrastructure, economic growth, and spending capabilities. Several development initiatives such as the smart city in India are attracting multiple business opportunities for digital transformation players. According to 5G HLF7, 5G is expected to be launched in India by 2020 and is predicted to create a cumulative economic impact of USD 1 trillion in India by 2035. According to the International Data Corporation’s (IDC) Asia/Pacific Quarterly Mobile Phone Tracker, India’s smartphone market got off to a good start with a total shipment of 32.1 million units in 1Q19, maintaining a healthy 7.1% year-on-year (YoY) growth. This is promoting the growth of the global digital transformation market in the Asia Pacific. Furthermore, governments’ encouragement through incentives and various promotional policies such as significant foreign direct investment inflows supported by proficient & low-cost manpower availability is also helping the overall market growth in this region.

Key Players

The major players operating in global digital transformation market are Dell EMC (U.S.), Cognizant (U.S.), Accenture PLC (Ireland), Google (U.S.), Capgemini (France), Siemens AG (Germany), Cognex Corporation (U.S.), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Deloitte Touche Tohmatsu Ltd. (U.S.), PricewaterhouseCoopers (PWC) (U.K.), Hewlett-Packard Company (U.S.), SAP SE (Germany), Oracle Corporation (U.S.), Adobe Systems Inc. (U.S.), Hakuna Matata Solutions, ScienceSoft Inc.(U.S.), SumatoSoft (U.S.), and Space-O Technologies (India).

Scope of the Report:

Market by Technology

  • Internet of Things
  • Cloud Computing
  • Big Data & Analytics
  • Artificial Intelligence
  • Cybersecurity
  • Mobility Solutions
  • Augmented Reality/Virtual Reality
  • Robotic Process Automation
  • Others

Market by End-Use Industry

  • Retail
  • Government & Public Sector
  • Healthcare
  • Supply Chain & Logistics
  • Utilities
  • Manufacturing
  • Insurance
  • IT & Telecom
  • Media & Entertainment
  • Banking & Financial Services
  • Education
  • Others

Market by Industry Size

  • Small & Medium Enterprises
  • Large Enterprises

Market by Process

  • Customer transformation
  • Operational Transformation
  • Product Transformation
  • Workforce Transformation

 Market by Geography:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Mexico
    • Argentina
    • Chile
    • RoLATM
  • Middle East & Africa

Key questions answered in the report:

Growing adoption of IoT technology in developing countries will propel the global digital transformation market

  • How does the adoption of IoT technology in developed regions differ from the adaptation of artificial intelligence and robotic process automation in the digital transformation market?
  • Which are the high growth market segments in terms of type, regions, and countries?
  • How is the competition between the major and prominent local players in this market?
  • What impact does this have on the adoption of IoT technology in comparison to other conventional technology for global digital transformation market?
  • What are the geographical trends and high growth regions/ countries?
  • Conversely, which geographic segment is expected to experience the fastest growth for IoT technology in digital transformation?

Healthcare sector is witnessing strong growth across global digital transformation market

  • What factors contribute to the high growth of digital transformation in the healthcare sector?
  • Which geographic segment is expected to experience the fastest growing digital transformation in the healthcare sector?

Global Digital Transformation market favors both larger and local manufacturers that compete in multiple segments

  • What are the top competitors in this market and what strategies do they employ to gain shares?
  • What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
  • What strategies should new companies look to enter this market use to compete effectively?
  • What are the major drivers, restraints, and opportunities in the global digital transformation market?
  • Who are the major players in various countries and what share of the market do they hold?
  • What are the geographical trends and high growth regions/ countries?

 Recent partnerships, acquisitions, and expansions have taken place in the global digital transformation market

  • What companies have recently merged/acquired and how will these unions affect the competitive landscape of the global digital transformation market?
  • What companies have created partnerships and how will these partnerships promote a competitive advantage?
  • Who are the major players in the global digital transformation market and what share of the market do they hold?
  • What are the local emerging players in the global digital transformation market and how do they compete with the global players?
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Tags: Digital Transformation / Digitalization Internet of Things
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