Digital Transformation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Digital Transformation Market covers analysis by Components (Solution and Services), Deployment Type (Cloud and On-Premise), and End-User (BFSI, Healthcare, Education, Retail, IT & Telecom, Logistics & Transportation, Manufacturing, and Others), and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Feb 2024

  • Report Code : TIPTE100000660
  • Category : Technology, Media and Telecommunications
  • Status : Upcoming
  • No. of Pages : 170
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The digital transformation market size is expected to grow from US$ 725.62 billion in 2022 to US$ 1,650 billion by 2028; it is estimated to grow at a CAGR of 22.5% from 2022 to 2028.

Digital transformation is the change associated with the application of digital technology in all aspects of human society. This enables new types of innovations and creativity in specific domains rather than simply enhancing and supporting traditional methods. Currently, digital transformation is being highly adopted by different industry verticals in all regions. Especially in North America, the adoption or shifting of the industry verticals toward digital transformation is very high compared to every other region. The presence of well-known and financially strong companies such as Microsoft Corporation, Oracle Corporation, Accenture, and Google Inc. characterizes the global digital transformation market growth.

Digital solutions have created a potential for companies to reach a huge audience worldwide. For instance, Uber and Lyft, on-demand transportation companies, utilized digital platforms and earned huge success. These companies can be considered a key illustration of how implementing strategy and innovation can transform the transportation industry. Furthermore, in the fastest-growing e-commerce market, more and more SMEs are now using online platforms to provide their offerings to customers. This has enabled them to extend their market reach, enhance external communication, augment sales, improve processing speed, improve company image, and increase employee productivity.

Based on components, the solutions segment accounts for more than half of the digital transformation market share globally. Companies such as UST, Veritis Group Inc., and Kellton Tech are engaged in the business of providing digital transformation-specific solutions. The solutions assist in realizing long-term visions while using advanced technologies such as IoT, robotic process automation, Blockchain, enterprise mobility, data science, and analytics.

Strategic Insights

Regional Analysis of Digital Transformation Market

From the regional perspective, APAC is the second-largest region in digital transformation market in 2022. China, Taiwan, Japan, and South Korea are major countries with a huge manufacturing industry base, especially semiconductor & electronics manufacturing. As a result, the nations mentioned above are witnessing huge growth in their manufacturing, resulting in the adoption of digital and smart technologies.

Digital transformation was already rising in Asia to change the way industries operate. In addition, the COVID-19 crisis boosted technological adoption for addressing public health issues. It has been observed that digitalization is reshaping Asian countries. The digital transformation prevailing in South and Southeast Asian economies is providing an array of opportunities for their respective industrial units. Countries such as Vietnam and Singapore are expected to grow exponentially and place themselves among the key countries leading digitalization.

The Indian market is expected to become one of the major markets for the manufacturing industry. In October 2022, the country planned to shift factories from China to India for US$ 1.2 trillion. Under this governmental plan, the authorities would work on digitalizing processes and modernizing warehouses while lowering logistics costs. One of the companies that started their manufacturing base in India is Apple, Inc. The company is planning to start with iPhone 14 production. Moreover, Ola Electric Mobility Pvt. Ltd. has aimed to produce the biggest electric scooter factory.

Such investments are projected to fuel the growth of the Indian manufacturing sector, creating significant opportunities for digital transformation providers.

Lucrative Regions – Digital Transformation Market Share

Lucrative Regions – Digital Transformation Market Share

Market Insights – Digital Transformation Market

Deployment Type-Based Insights

Based on deployment type, the digital transformation market size is segmented into on-premise and cloud. In 2022, the on-premise segment accounted for a larger digital transformation market share, whereas the cloud segment is expected to grow at a faster CAGR. Organizations are turning toward IoT, cloud, and web applications to collect critical, real-time information, optimize internal workflows, and accelerate data analysis. To reap the full benefits of digital transformation, the technologies that the company adopts have to offer four different capabilities—virtualization, ubiquitous broadband (5G), IoT, and big data analytics. Digital transformation through the cloud uses public, private, and hybrid cloud platforms. These platforms generate or modify culture, business processes, and customer experiences to fulfill evolving business requirements and market dynamics.

Therefore, with cloud computing obtaining high momentum globally, the penetration rate of digital transformation is expected to rise.

Furthermore, due to the pandemic, businesses have adopted digital technologies to make work procedures easy and smooth. Advanced technologies such as machine learning and automation, IoT, and digital twin help increase efficiencies by automating routine tasks. For instance, Newport News Shipbuilding (a division of Huntington Ingalls Industries,) is utilizing AR to provide digital instructions to the workspace. The use of AR will help guide electricians in routing their wires, and other daily tasks. Using technologies will help companies leverage real-time data to enhance operational performance.

The digital transformation market players are mainly focusing on developing advanced and efficient products.

  • In December 2022, Tech Mahindra and the government body of Thailand signed a Memorandum of Understanding to encourage digital transformation in Thailand. The agreement aims to develop digital solutions for telecom, smart cities, and many more using 5G, analytics, IoT, and Blockchain.
  • In December 2022, OnActuate partnered with Bisleri for the Microsoft Cloud dynamics digital transformation. The partnership will assist Bisleri in using the innovative solution of OnActuate for bottling manufacturers. In this, both companies will execute Microsoft Dynamics 365 and a bottling solution.

The digital transformation market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America. In 2022, North America led the digital transformation market with a largest share in 2022, followed by APAC. Further, Asia Pacific is expected to register the highest CAGR in the digital transformation market from 2022 to 2028.

Adobe Systems Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Accenture PLC, SAP SE, Dell Inc., Capgemini SE, Google Inc., and Cognizant Technology Solutions Corporation are among the key digital transformation market players operating in the industry. The market report provides detailed market insights, which help the key players strategize growth in coming years.


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REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Components ; Deployment Type ; and End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. Introduction 18
1.1 Scope Of The Study 18
1.2 The Insight Partners Research Reports Guidance 18

2. Key Takeaways 20
2.1 North America Holds The Largest Market Share In Digital Transformation Market In 2017 20
2.2 On-Premise Is The Leading Segment In Deployment Type In 2017 21

3. Digital Transformation Market Landscape 22
3.1 Market Overview 22
3.2 Market Segmentation 23
3.2.1 Global Digital Transformation Market – By Components 24
3.2.2 Global Digital Transformation Market – By Deployment Type 24
3.2.3 Global Digital Transformation Market – By End-User 24
3.2.4 Global Digital Transformation Market – By Geography 25
3.3 Pest Analysis 26
3.3.1 North America Pest Analysis 26
3.3.2 Europe Pest Analysis 28
3.3.3 Asia Pacific Pest Analysis 30
3.3.4 Middle East & Africa Pest Analysis 32
3.3.5 South America Pest Analysis 34

4. Digital Transformation Market – Key Industry Dynamics 36
4.1 Key Market Drivers 36
4.1.1 Digital Transformation Solutions Enabling Companies To Reach Large Masses Will Act As A Major Factor Driving The Growth Of The Market 36
4.1.2 Constantly Evolving Customer Experiences Encouraging Enterprises To Adopt Digital Solutions 36
4.2 Key Market Restraints 37
4.2.1 Issues Related To Security And Privacy Affecting Adoption Of Digital Solutions 37
4.3 Key Market Opportunities 37
4.3.1 Space For Implementation Across Smes Provides Significant Opportunity To The Players In The Value Chain 37
4.3.2 Increasing Adoption Of Digital Solutions By Different Industry Verticals Offers Huge Scope To The Market To Expand 37
4.4 Future Trends 38
4.4.1 Advent Of Artificial Intelligence (Ai) Across Industries 38
4.5 Impact Analysis Of Drivers And Restraints 39

5. Digital Transformation Market – Global Market Analysis 40
5.1 Digital Transformation Market – Global Market Overview 40
5.2 Digital Transformation Market – Global Market And Forecast To 2025 40

6. Digital Transformation Market Revenue And Forecasts To 2025 – Components 41
6.1 Overview 41
6.2 Components Market Forecasts And Analysis 41
6.3 Solutions 42
6.3.1 Overview 42
6.3.2 Solutions Market Forecasts And Analysis 42
6.3.2.1 Mobility 44
6.3.2.1.1 Overview 44
6.3.2.1.2 Mobility Market Forecasts And Analysis 44
6.3.2.2 Big Data & Analytics 46
6.3.2.2.1 Overview 46
6.3.2.2.2 Big Data & Analytics Market Forecasts And Analysis 46
6.3.2.3 Artificial Intelligence 47
6.3.2.3.1 Overview 47
6.3.2.3.2 Artificial Intelligence Market Forecasts And Analysis 47
6.3.2.4 Iot 48
6.3.2.4.1 Overview 48
6.3.2.4.2 Iot Market Forecasts And Analysis 48
6.3.2.5 Others 49
6.3.2.5.1 Overview 49
6.3.2.5.2 Others Market Forecasts And Analysis 49
6.4 Services 50
6.4.1 Overview 50
6.4.2 Services Market Forecasts And Analysis 50
6.4.2.1 Professional Services 52
6.4.2.1.1 Overview 52
6.4.2.1.2 Professional Services Market Forecasts And Analysis 52
6.4.2.2 Managed Services 53
6.4.2.2.1 Overview 53
6.4.2.2.2 Managed Services Market Forecasts And Analysis 53

7. Digital Transformation Market Revenue And Forecasts To 2025 – Deployment Type 54
7.1 Overview 54
7.2 Deployment Type Market Forecasts And Analysis 54
7.3 Cloud Market 54
7.3.1 Overview 54
7.3.2 Cloud Market Forecasts And Analysis 55
7.4 On-Premise Market 55
7.4.1 Overview 55
7.4.2 On-Premise Market Forecasts And Analysis 55

8. Digital Transformation Market Revenue And Forecasts To 2025 – End-User 57
8.1 Overview 57
8.2 End-User Market Forecasts And Analysis 57
8.3 Bfsi Market 57
8.3.1 Overview 57
8.3.2 Bfsi Market Forecasts And Analysis 58
8.4 Healthcare Market 59
8.4.1 Overview 59
8.4.2 Healthcare Market Forecasts And Analysis 59
8.5 Education Market 60
8.5.1 Overview 60
8.5.2 Education Market Forecasts And Analysis 60
8.6 Retail Market 61
8.6.1 Overview 61
8.6.2 Retail Market Forecasts And Analysis 61
8.7 It & Telecom Market 62
8.7.1 Overview 62
8.7.2 It & Telecom Market Forecasts And Analysis 62
8.8 Logistics & Transportation Market 63
8.8.1 Overview 63
8.8.2 Logistics & Transportation Market Forecasts And Analysis 63
8.9 Manufacturing Market 64
8.9.1 Overview 64
8.9.2 Manufacturing Market Forecasts And Analysis 64
8.10 Others Market 65
8.10.1 Overview 65
8.10.2 Others Market Forecasts And Analysis 65

9. Global Digital Transformation – Geographical Analysis 67
9.1 Overview 67
9.2 North America Digital Transformation Market Revenue And Forecasts To 2025 68
9.2.1 Overview 68
9.2.2 North America Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 69
9.2.3 North America Digital Transformation Market Breakdown By Key Countries 70
9.2.3.1 U.S. Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 71
9.2.3.2 Canada Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 72
9.2.3.3 Mexico Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 73
9.2.4 North America Digital Transformation Market Breakdown By Components 74
9.2.4.1 North America Digital Transformation Market Breakdown By Solution 75
9.2.4.2 North America Digital Transformation Market Breakdown By Services 76
9.2.5 North America Digital Transformation Market Breakdown By Deployment Type 77
9.2.6 North America Digital Transformation Market Breakdown By End-User 78
9.3 Europe Digital Transformation Market Revenue And Forecasts To 2025 79
9.3.1 Overview 79
9.3.2 Europe Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 79
9.3.3 Europe Digital Transformation Market Breakdown By Key Countries 81
9.3.3.1 France Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 82
9.3.3.2 Germany Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 83
9.3.3.3 Italy Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 84
9.3.3.4 Spain Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 85
9.3.3.5 Uk Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 86
9.3.4 Europe Digital Transformation Market Breakdown By Components 87
9.3.4.1 Europe Digital Transformation Market Breakdown By Solution 88
9.3.4.2 Europe Digital Transformation Market Breakdown By Services 89
9.3.5 Europe Digital Transformation Market Breakdown By Deployment Type 90
9.3.6 Europe Digital Transformation Market Breakdown By End-User 91
9.4 Asia Pacific (Apac) Digital Transformation Market Revenue And Forecasts To 2025 92
9.4.1 Overview 92
9.4.2 Asia Pacific Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 92
9.4.3 Asia Pacific Digital Transformation Market Breakdown By Key Countries 93
9.4.3.1 Australia Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 94
9.4.3.2 China Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 95
9.4.3.3 India Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 96
9.4.3.4 Japan Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 97
9.4.3.5 Rest Of Apac Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 98
9.4.4 Asia Pacific Digital Transformation Market Breakdown By Components 99
9.4.4.1 Asia Pacific Digital Transformation Market Breakdown By Solution 100
9.4.4.2 Asia Pacific Digital Transformation Market Breakdown By Services 101
9.4.5 Asia Pacific Digital Transformation Market Breakdown By Deployment Type 102
9.4.6 Asia Pacific Digital Transformation Market Breakdown By End-User 103
9.5 Middle East & Africa (Mea) Digital Transformation Market Revenue And Forecasts To 2025 104
9.5.1 Overview 104
9.5.2 Middle East & Africa Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 104
9.5.3 Middle East & Africa Digital Transformation Market Breakdown By Key Countries 106
9.5.3.1 South Africa Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 107
9.5.3.2 Saudi Arabia Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 108
9.5.3.3 Uae Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 109
9.5.4 Middle East & Africa Digital Transformation Market Breakdown By Components 110
9.5.4.1 Middle East & Africa Digital Transformation Market Breakdown By Solution 111
9.5.4.2 Middle East & Africa Digital Transformation Market Breakdown By Services 112
9.5.5 Middle East & Africa Digital Transformation Market Breakdown By Deployment Type 113
9.5.6 Middle East & Africa Digital Transformation Market Breakdown By End-User 114
9.6 South America (Sam) Digital Transformation Market Revenue And Forecasts To 2025 115
9.6.1 Overview 115
9.6.2 South America Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 115
9.6.3 South America Digital Transformation Market Breakdown By Key Countries 116
9.6.3.1 Brazil Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 117
9.6.3.2 Rest Of Sam Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 118
9.6.4 South America Digital Transformation Market Breakdown By Components 119
9.6.4.1 South America Digital Transformation Market Breakdown By Solutions 120
9.6.4.2 South America Digital Transformation Market Breakdown By Services 121
9.6.5 South America Digital Transformation Market Breakdown By Deployment Type 122
9.6.6 South America Digital Transformation Market Breakdown By End-User 123

10. Industry Landscape 124
10.1 Market Initiative 124
10.2 Mergers & Acquisitions 126
10.3 New Development 128

11. Competitive Landscape 130
11.1 Competitve Product Mapping 130
11.2 Market Positioning 132

12. Global Digital Transformation Market- Key Company Profiles 133
12.1 Ibm Corporation 133
12.1.1 Key Facts 133
12.1.2 Business Description 133
12.1.3 Financial Overview 134
12.1.4 Swot Analysis 134
12.1.5 Key Developments 136
12.2 Accenture Plc 137
12.2.1 Key Facts 137
12.2.2 Business Description 137
12.2.3 Financial Overview 138
12.2.4 Swot Analysis 138
12.2.5 Key Developments 140
12.3 Sap Se 141
12.3.1 Key Facts 141
12.3.2 Business Description 141
12.3.3 Financial Overview 141
12.3.4 Swot Analysis 142
12.3.5 Key Developments 144
12.4 Microsoft Corporation 145
12.4.1 Key Facts 145
12.4.2 Business Description 145
12.4.3 Financial Overview 146
12.4.4 Swot Analysis 147
12.4.5 Key Developments 148
12.5 Oracle Corporation 150
12.5.1 Key Facts 150
12.5.2 Business Description 150
12.5.3 Financial Overview 151
12.5.4 Swot Analysis 151
12.5.5 Key Developments 153
12.6 Capgemini Se 154
12.6.1 Key Facts 154
12.6.2 Business Description 154
12.6.3 Financial Overview 155
12.6.4 Swot Analysis 155
12.6.5 Key Developments 157
12.7 Adobe Systems Inc. 158
12.7.1 Key Facts 158
12.7.2 Business Description 158
12.7.3 Financial Overview 159
12.7.4 Swot Analysis 159
12.7.5 Key Developments 161
12.8 Google Inc. 162
12.8.1 Key Facts 162
12.8.2 Business Description 162
12.8.3 Financial Overview 163
12.8.4 Swot Analysis 163
12.8.5 Key Developments 165
12.9 Dell Inc. 166
12.9.1 Key Facts 166
12.9.2 Business Description 166
12.9.3 Financial Overview 167
12.9.4 Swot Analysis 167
12.9.5 Key Developments 168
12.10 Cognizant Technology Solutions Corporation 170
12.10.1 Key Facts 170
12.10.2 Business Description 170
12.10.3 Financial Overview 171
12.10.4 Swot Analysis 171
12.10.5 Key Developments 173

13. Appendix 174
13.1 About The Insight Partners 174
13.2 Glossary 175
13.3 Methodology 176
13.3.1 Coverage 176
13.3.2 Secondary Research 176
13.3.3 Primary Research 176
13.4 Contact Us 178
13.5 Disclaimer 178


LIST OF TABLES

Table 1. Global Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 38
Table 2. North America Digital Transformation Market Revenue And Forecasts To 2025 – By Components (Us$ Bn) 72
Table 3. North America Digital Transformation Market Revenue And Forecasts To 2025 – By Solution (Us$ Bn) 73
Table 4. North America Digital Transformation Market Revenue And Forecasts To 2025 – By Services (Us$ Bn) 74
Table 5. North America Digital Transformation Market Revenue And Forecasts To 2025 – By Deployment Type (Us$ Bn) 75
Table 6. North America Digital Transformation Market Revenue And Forecasts To 2025 – By End-User (Us$ Bn) 76
Table 7. Europe Digital Transformation Market Revenue And Forecasts To 2025 – By Components (Us$ Bn) 85
Table 8. Europe Digital Transformation Market Revenue And Forecasts To 2025 – By Solution (Us$ Bn) 86
Table 9. Europe Digital Transformation Market Revenue And Forecasts To 2025 – By Services (Us$ Bn) 87
Table 10. Europe Digital Transformation Market Revenue And Forecasts To 2025 – By Deployment Type (Us$ Bn) 88
Table 11. Europe Digital Transformation Market Revenue And Forecasts To 2025 – By End-User (Us$ Bn) 89
Table 12. Asia Pacific Digital Transformation Market Revenue And Forecasts To 2025 – By Components (Us$ Bn) 97
Table 13. Asia Pacific Digital Transformation Market Revenue And Forecasts To 2025 – By Solution (Us$ Bn) 98
Table 14. Asia Pacific Digital Transformation Market Revenue And Forecasts To 2025 – By Services (Us$ Bn) 99
Table 15. Asia Pacific Digital Transformation Market Revenue And Forecasts To 2025 – By Deployment Type (Us$ Bn) 100
Table 16. Asia Pacific Digital Transformation Market Revenue And Forecasts To 2025 – By End-User (Us$ Bn) 101
Table 17. Middle East & Africa Digital Transformation Market Revenue And Forecasts To 2025 – By Components (Us$ Bn) 108
Table 18. Middle East & Africa Digital Transformation Market Revenue And Forecasts To 2025 – By Solution (Us$ Bn) 109
Table 19. Middle East & Africa Digital Transformation Market Revenue And Forecasts To 2025 – By Services (Us$ Bn) 110
Table 20. Middle East & Africa Digital Transformation Market Revenue And Forecasts To 2025 – By Deployment Type (Us$ Bn) 111
Table 21. Middle East & Africa Digital Transformation Market Revenue And Forecasts To 2025 – By End-User (Us$ Bn) 112
Table 22. South America Digital Transformation Market Revenue And Forecasts To 2025 – By Components (Us$ Bn) 117
Table 23. South America Digital Transformation Market Revenue And Forecasts To 2025 – By Solution (Us$ Bn) 118
Table 24. South America Digital Transformation Market Revenue And Forecasts To 2025 – By Services (Us$ Bn) 119
Table 25. South America Digital Transformation Market Revenue And Forecasts To 2025 – By Deployment Type (Us$ Bn) 120
Table 26. South America Digital Transformation Market Revenue And Forecasts To 2025 – By End-User (Us$ Bn) 121
Table 27. Glossary Of Terms,Digital Transformation Market 173


LIST OF FIGURES

Figure 1. North America Digital Transformation Market, Revenue (Us$ Bn), 2017 & 2025 19
Figure 2. Digital Transformation Market, Revenue (Us$ Bn), By Deployment Type, 2017 20
Figure 3. Digital Transformation Market Segmentation 22
Figure 4. Digital Transformation Market By Region 22
Figure 5. North America Pest Analysis 25
Figure 6. Europe Pest Analysis 27
Figure 7. Asia Pacific Pest Analysis 29
Figure 8. Middle East & Africa Pest Analysis 31
Figure 9. South America Pest Analysis 33
Figure 10. Digital Transfomation Market Impact Analysis Of Driver And Restraints 38
Figure 11. Global Digital Transformation Market Breakdown By Component, 2017 & 2025 (%) 40
Figure 12. Global Digital Transformation Market Breakdown By Solutions, 2017 & 2025 (%) 41
Figure 13. Global Solution Market Revenue And Forecasts To 2025 (Us$ Bn) 42
Figure 14. Global Mobility Market Revenue And Forecasts To 2025 (Us$ Bn) 44
Figure 15. Global Big Data & Analytics Market Revenue And Forecasts To 2025 (Us$ Bn) 45
Figure 16. Global Artificial Intelligence Market Revenue And Forecasts To 2025 (Us$ Bn) 46
Figure 17. Global Iot Market Revenue And Forecasts To 2025 (Us$ Bn) 47
Figure 18. Global Others Market Revenue And Forecasts To 2025 (Us$ Bn) 48
Figure 19. Global Digital Transformation Market Breakdown By Services, 2017 & 2025 (%) 49
Figure 20. Global Services Market Revenue And Forecasts To 2025 (Us$ Bn) 49
Figure 21. Global Professional Services Market Revenue And Forecasts To 2025 (Us$ Bn) 51
Figure 22. Global Managed Services Market Revenue And Forecasts To 2025 (Us$ Bn) 52
Figure 23. Global Digital Transformation Market Breakdown, By Deployment Type, 2017 & 2025 (%) 53
Figure 24. Global Cloud Market Breakdown, 2017 & 2025 (%) 54
Figure 25. Global On-Premise Market Breakdown, 2016 & 2025 (%) 55
Figure 26. Global Digital Transformation Market Breakdown, By End-User, 2017 & 2025 (%) 56
Figure 27. Global Bfsi Market Breakdown, 2017 & 2025 (%) 57
Figure 28. Global Healthcare Market Breakdown, 2017 & 2025 (%) 58
Figure 29. Global Education Market Breakdown, 2017 & 2025 (%) 59
Figure 30. Global Retail Market Breakdown, 2017 & 2025 (%) 60
Figure 31. Global It & Telecom Market Breakdown, 2017 & 2025 (%) 61
Figure 32. Global Logistics & Transportation Market Breakdown, 2017 & 2025 (%) 62
Figure 33. Global Manufacturing Market Breakdown, 2017 & 2025 (%) 63
Figure 34. Global Others Market Breakdown, 2017 & 2025 (%) 65
Figure 35. Digital Transformation Market, Global Breakdown By Regions, 2017 & 2025 (%) 66
Figure 36. North America Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 68
Figure 37. North America Digital Transformation Market Breakdown By Key Countries, 2017 & 2025 (%) 69
Figure 38. U.S. Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 70
Figure 39. Canada Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 71
Figure 40. Mexico Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 72
Figure 41. North America Digital Transformation Market Breakdown By Components, 2017 & 2025 (%) 73
Figure 42. North America Digital Transformation Market Breakdown By Solution, 2017 & 2025 (%) 74
Figure 43. North America Digital Transformation Market Breakdown By Services, 2017 & 2025 (%) 75
Figure 44. North America Digital Transformation Market Breakdown By Deployment Type, 2017 & 2025 (%) 76
Figure 45. North America Digital Transformation Market Breakdown By End-User, 2017 & 2025 (%) 77
Figure 46. Europe Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 79
Figure 47. Europe Digital Transformation Market Breakdown By Key Countries, 2017 & 2025 (%) 80
Figure 48. France Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 81
Figure 49. Germany Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 82
Figure 50. Italy Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 83
Figure 51. Spain Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 84
Figure 52. Uk Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 85
Figure 53. Europe Digital Transformation Market Breakdown By Components, 2017 & 2025 (%) 86
Figure 54. Europe Digital Transformation Market Breakdown By Solution, 2017 & 2025 (%) 87
Figure 55. Europe Digital Transformation Market Breakdown By Services, 2017 & 2025 (%) 88
Figure 56. Europe Digital Transformation Market Breakdown By Deployment Type, 2017 & 2025 (%) 89
Figure 57. Europe Digital Transformation Market Breakdown By End-User, 2017 & 2025 (%) 90
Figure 58. Asia Pacific Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 91
Figure 59. Asia Pacific Digital Transformation Market Breakdown By Key Countries, 2017 & 2025 (%) 92
Figure 60. Australia Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 93
Figure 61. China Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 94
Figure 62. India Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 95
Figure 63. Japan Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 96
Figure 64. Rest Of Apac Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 97
Figure 65. Asia Pacific Digital Transformation Market Breakdown By Components , 2017 & 2025 (%) 98
Figure 66. Asia Pacific Digital Transformation Market Breakdown By Solution , 2017 & 2025 (%) 99
Figure 67. Asia Pacific Digital Transformation Market Breakdown By Services, 2017 & 2025 (%) 100
Figure 68. Asia Pacific Digital Transformation Market Breakdown By Deployment Type, 2017 & 2025 (%) 101
Figure 69. Asia Pacific Digital Transformation Market Breakdown By End-User, 2017 & 2025 (%) 102
Figure 70. Middle East & Africa Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 104
Figure 71. Middle East & Africa Digital Transformation Market Breakdown By Key Countries, 2017 & 2025 (%) 105
Figure 72. South Africa Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 106
Figure 73. Saudi Arabia Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 107
Figure 74. Uae Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 108
Figure 75. Middle East & Africa Digital Transformation Market Breakdown By Components, 2017 & 2025 (%) 109
Figure 76. Middle East & Africa Digital Transformation Market Breakdown By Solution, 2017 & 2025 (%) 110
Figure 77. Middle East & Africa Digital Transformation Market Breakdown By Services, 2017 & 2025 (%) 111
Figure 78. Middle East & Africa Digital Transformation Market Breakdown By Deployment Type, 2017 & 2025 (%) 112
Figure 79. Middle East & Africa Digital Transformation Market Breakdown By End-User 2017 & 2025 (%) 113
Figure 80. South America Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 114
Figure 81. South America Digital Transformation Market Breakdown By Key Countries, 2017 & 2025 (%) 115
Figure 82. Brazil Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 116
Figure 83. Rest Of Sam Digital Transformation Market Revenue And Forecasts To 2025 (Us$ Bn) 117
Figure 84. South America Digital Transformation Market Breakdown Components, 2017 & 2025 (%) 118
Figure 85. South America Digital Transformation Market Breakdown Solutions, 2017 & 2025 (%) 119
Figure 86. South America Digital Transformation Market Breakdown Services, 2017 & 2025 (%) 120
Figure 87. South America Digital Transformation Market Breakdown By Deployment Type, 2017 & 2025 (%) 121
Figure 88. South America Digital Transformation Market Breakdown By End-User, 2017 & 2025 (%) 122

The List of Companies - Digital Transformation Market

1. IBM Corporation
2. Accenture PLC
3. SAP SE
4. Microsoft Corporation
5. Oracle Corporation
6. Capgemini SE
7. Adobe Systems Inc.
8. Google Inc.
9. Dell Inc.
10. Cognizant Technology Solutions Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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