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Digital Transformation Market by Component and Service, End User, Deployment Type, Vertical And Region - Global Forecast to 2022

Digital Transformation Market: Global Forecast until 2022

  • September 2017
  • 135 pages
  • ID: 5117904
In this report:
North America is estimated to contribute the largest share of ##.##% to the digital transformation market in 2017, and the market in the region is expected to grow at a CAGR of ##.##% from 2017 to 2022.
The enterprises segment of the digital transformation market is expected to grow from USD ##.## billion in 2017 to USD ##.## billion by 2022, at a CAGR of ##.##% between 2017 and 2022.

Summary

Table of Contents

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"Innovative projects in businesses and changing customer preferences projected to drive the digital transformation market"

The digital transformation market is forecasted to grow from ~$206.0B in 2017 to ~$493.4B by 2022, at a compound annual growth rate of 19.10 percent during the forecast period. Elements such as innovation in businesses, changing customer preferences, the quick proliferation of mobile devices & apps, growing penetration of IoT, and increasing adoption of the cloud platform are forecast to steer the digital transformation market. Security and privacy concerns for confidential data can restrain the increase of the market.

"Established on component, the solution segment is estimated to result the digital transformation market in 2017"

Established on component, the solution segment is estimated to result the digital transformation market in 2017. The increase of this segment can be accredited to the rising need for cloud computing, big data & analytics, mobility, disruptive technology, and social media.

"Established on deployment type, the cloud segment is estimated to result the digital transformation market in 2017"

Established on deployment type, the cloud segment is estimated to result the digital transformation market in 2017 due to easy deployment, low deployment cost, and easy upgradeability and accessibility. The cloud-based deployment type permits easy access to data from desktops or any mobile device and offers several cost-saving benefits.

"Established on end-user, the enterprises segment is estimated to result the digital transformation market in 2017"

Established on final user, the enterprises segment is estimated to result the digital transformation market in 2017, as companies increasingly opt for digital transformation solutions to enhance their business process model and enhance their revenue.

"Based on vertical, the BFSI segment is estimated to result the digital transformation market in 2017"

Established on end-user, the BFSI segment is estimated to result the digital transformation market in 2017. The BFSI vertical incorporates high-end digital technology to make transactions secure, simple, and error free. Moreover, the development of financial services and technologies, including mobile banking applications, omnichannel banking, and digital banking analytics allows clients to streamline and automate digital banking operations, thus leading to the increased adoption of digital transformation in the BFSI market.

"The Asia Pacific digital transformation market is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period"

The digital transformation market has been studied for North America (NA), EU, Asia-Pac, Middle East (ME) & African continent, and Latin America area. The Asia Pacific area has been widely implementing digital transformation solutions to significantly to improve and streamline business processes and facilitate informed business decision making. Growing number of mobile device users, growing use of social media analytics, and increasing online commerce are some of the factors anticipated to fuel the increase of the digital transformation market in this area

Comprehensive interviews were managed with chief executive officers, marketing directors, innovative products & technology directors, and executives from numerous main institutions operating in the digital transformation marketplace.

- By Company Type: Tier 1: 45.0 percent, Tier 2: 30.0 percent, and 1/3 3: 25.0 percent

- By Designation: C-Level: 35.0 percent, Director Level: 40.0 percent, and Others: 25.0 percent

- By area: North america (NA): 42.0 percent, Europe: 25.0 percent, Asia Pacific: 23.0 percent, and RoW: 10.0 percent

Segment Research

The digital transformation market has been split on the basis of component, deployment type, final user, vertical, and area. Established on component, the digital transformation market has been broken down into solution and service. The solution segment has been further subsegmented into cloud computing, big data & analytics, mobility, disruptive technology, and social media; and the service subsegmented into professional services and system integration.

Based one deployment type, the sector has been split into on-premise and cloud. Established on end-user, the industry has been divided into enterprises and SMBs. Based on vertical, the sector has been broken down into BFSI, healthcare, telecom & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, government, and others (transportation, defense, aviation, and hospitality). The digital transformation market has been studied for North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME) & African continent, and Latin America area.

Main highlights

The study will facilitate industry key players and new industry entrants in the digital transformation market in these ways:

The analysis will facilitate industry top players/new sector entrants in this sector by providing them the closest approximations of revenues of the digital transformation market and its sub-segments. This industry report will also assist partners better comprehend the competitor overview, gain additional insights to better option their businesses, and implement suitable go-to-market approaches. The market research will facilitate partners comprehend the pulse of the sector and offer them with info on main market drivers, market restraints, opportunities, and alternatives.

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