San Francisco, 1 February 2019: The Report Digital Transformation Market Analysis By Type (Solution, Service), By Deployment
(Hosted, On-premise), By Enterprise Size (Large Enterprise, Small & Medium
Enterprise), By End-use, By Region, And Segment Forecasts, 2018 – 2025
The global digital transformation market is expected to reach USD 798.44 billion by 2025,
according to a new study by Grand View Research, Inc. The in
creasing necessity
for the introduction of innovative solutions that are capable of engaging
customers or employees to integrate process, data, IT and business and the
increasing demand for the adoption of Internet of Things (IoT) are propelling
market growth.
Digital transformation allows organizations
to tackle disruptive changes such as marketplace fluctuation, and corporate
restructuring, among others, occurring in their markets and customer base by
designing new products, services, and business models leveraging
digitalization. These newly designed solutions are generally a mix of digitally
stored historical information about business activities and the customers
Furthermore, they facilitate the transformation of traditional processes,
business activities, and models to take advantage of the upcoming changes and
opportunities of digital technologies.
Moreover, factors such as optimization of
end-to-end customer experience and improvement in operational flexibility are
promoting the growth of digital transformation along with the recognition of
new revenue sources.
Access Research Report of Digital Transformation Market @ www.grandviewresearch.com/industry-analysis/digital-transformation-market
Further key findings from the study suggest:
· The hosted deployment segment is
anticipated gain momentum owing to advantages such as convenience, lower cost,
and better security. The segment is estimated to grow at a CAGR of 22.3% over
the forecast period
· The healthcare segment is presumed to find
the highest growing application and is estimated to grow at CAGR of 19.5% over
the next eight years. This can be attributed to the increasing focus of the
healthcare providers towards improving the patient care by implementing digital
process and technology
· North America accounted for the largest
share in 2016 owing to growing customer interaction through smart devices such
as tablets, smartphones, and phablets, among others in this region
· Furthermore, the presence of leading
players such as IBM Corp., CA Technologies, and Hewlett Packard Enterprise Co,
among others in the North American region is a key factor contributing to the
regional market dominance
· The Asia Pacific regional market is
expected to grow at the highest CAGR over the next eight years. This can be
attributed to the growing demand for the application of the Internet of Things.
· The key industry participants include 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., and Kellton Tech
Solutions Ltd.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global digital transformation market on the basis of type, deployment,
enterprise size, end-use, and region:
Type Scope (Revenue, USD Billion; 2014 -
2025)
·
Solution
·
Service
Deployment Outlook (Revenue, USD Billion; 2014 - 2025)
·
Hosted
·
On-premise
Enterprise Size Outlook (Revenue, USD
Billion; 2014 - 2025)
·
Large Enterprise
·
Small and Medium Enterprise
End-use Outlook (Revenue, USD Billion; 2014
- 2025)
·
BFSI
·
Government
·
Healthcare
·
IT & Telecom
·
Manufacturing
·
Retail
·
Others
Regional Outlook (Revenue, USD Billion;
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Digital Transformation Market@ www.grandviewresearch.com/press-release/global-digital-transformation-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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