Digital Transformation Market

Digital Transformation Market Size, Share, Growth Analysis, By Component(Solution and Service), By Industry Vertical(BFSI, Retail & E-commerce, IT & Telecom, Healthcare & Lifesciences), By Technology(Artificial Intelligence, Cloud Computing, Blockchain, Big Data & Business Analytics), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45B2027 | Region: Global | Published Date: June, 2024
Pages: 157 | Tables: 118 | Figures: 77

Digital Transformation Market Competitive Landscape

Global digital transformation market is market Growth by intense competition amongst the leading technology firms and service providers. The key players who are enabling innovation by use of sophisticated AI, cloud computing and Internet of Things (IoT) solutions include Google, SAP, IBM, Microsoft and Accenture. These organizations are entering into strategic partnerships, acquiring new technology companies and constantly expanding their digital service lines to cater for the growing need for digital transformation across various industries. 

Top Player’s Company Profiles 

  • Microsoft (US) 
  • SAP (Germany) 
  • Baidu (China) 
  • Adobe Systems (US) 
  • Alibaba (China) 
  • IBM (US) 
  • Google (US) 
  • Marlabs (US) 
  • Salesforce (US) 
  • Broadcom (US) 
  • Equinix (US) 
  • Oracle (US) 
  • Hewlett Packard Enterprise (US) 
  • HCL Technologies (India) 
  • EY (UK) 
  • Cognizant (US) 

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Digital Transformation Market size was valued at USD 561.19 Billion in 2022 poised to grow from USD 695.88 Billion in 2023 to USD 3889.60 Billion by 2031, growing at a CAGR of 24% in the forecast period (2024-2031). 

Global digital transformation market is market Growth by intense competition amongst the leading technology firms and service providers. The key players who are enabling innovation by use of sophisticated AI, cloud computing and Internet of Things (IoT) solutions include Google, SAP, IBM, Microsoft and Accenture. These organizations are entering into strategic partnerships, acquiring new technology companies and constantly expanding their digital service lines to cater for the growing need for digital transformation across various industries.  'Microsoft (US) ', 'SAP (Germany) ', 'Baidu (China) ', 'Adobe Systems (US) ', 'Alibaba (China) ', 'IBM (US) ', 'Google (US) ', 'Marlabs (US) ', 'Salesforce (US) ', 'Broadcom (US) ', 'Equinix (US) ', 'Oracle (US) ', 'Hewlett Packard Enterprise (US) ', 'HCL Technologies (India) ', 'EY (UK) ', 'Cognizant (US) '

North America is currently the global leader in digital transformation, due to its impressive technological structure, an elevated number of state-of-the-art option, and a lot of money spent on creativity. In addition, this region is home to many big IT firms, huge R&D projects, and supportive government policies therefore it has convenience for all these transformations. Additionally, North America’s developed economy and the quest for improved consumer experiences are largely responsible for the growing number of firms embracing digital solutions. The wide range of sectors using artificial intelligence (AI), internet of things (IoT), cloud computing, and big data analytics attests to North America’s role in leading the world in terms of digital transformation and puts it at the forefront when it comes to technology innovation. 

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Digital Transformation Market

Report ID: SQMIG45B2027

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