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Digital Transformation Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2028

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The global Digital Transformation Market is quite competitive and comprise various key players operating at regional and global level, according to a recent report published by Reports and Data (RND). IBM Corporation, Microsoft Corporation, SAP, Dell EMC, Google, Accenture PLC, CA Technologies, Cognizant, Adobe Systems, Oracle Corporation, Hewlett Packard Enterprise, HCL Technologies are some of the top players operating in the global market. These players are focusing on developing various strategies such as mergers and acquisitions, partnerships, joint ventures, investments in research and development activities and partnerships to strengthen their market position and enhance their product base.

Reports and Data provides details about every market player along with its global position, revenue contribution, product portfolio, financial standing and business expansion plans. The global digital transformation market size was USD 469.71 Billion in 2020 and is expected to reach a value of USD 1,560.53 Billion by 2028, and register a CAGR of 16.1% during the forecast period. Rising risks of data leakage and data security, high adoption of cloud based services and Internet of Things (IoT) and rising demand for wireless networks and ICT applications across agriculture, healthcare, and FSBI sectors are fuelling global market revenue growth. In addition, increasing investments in research and development activities and rising focus on developing advanced products are other factors supporting global market revenue growth.

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Based on application type, the application 1 is expected to account for robust revenue growth over the forecast period owing to increasing number of threats and cybersecurity in healthcare sector and rising application of ICT.

Geographically, the global Digital Transformation Market in North America is expected to account for largest revenue share over the forecast period. Factors such as increasing investments in research and development activities, rising adoption of smart devices, laptops, presence of dominant market players, rising risks of data leakage and security, high adoption of cloud services are key factors fueling growth of Digital Transformation Market in North America.

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Digital Transformation Market Segmentation:

Type Outlook:

  • Cloud Computing
  • Big Data & Analytics
  • Mobility/Social Media
  • Cybersecurity
  • Artificial Intelligence

·         Others

Application Outlook:

  • Customer Transformation
  • Workforce Transformation
  • Product Transformation

·         Others

Regional analysis covers:

        North America

        Europe

        Asia Pacific

        Latin America

        Middle East & Africa

Key questions addressed in the Report:

·         Which key factors are expected to hamper global market growth during the forecast period?

·         Which application segment revenue is expected to expand at a rapid CAGR between 2021 and 2028?

·         Which regional segment is expected to account for largest revenue share over the forecast period?

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Thank you for reading the research report. Kindly note that we also offer customization of reports as per client requirement. Contact us to know more about the customization feature and our team will help you with the well-suited report as per your request.

 

 

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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