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 increasing 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.
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.
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
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.
