pune, india, August 29, 2022 /PRNewswire/ — ReportsnReports has added the Global Digital Transformation Market by Component, Technology Deployment Mode, Organization Size, Business Function, Vertical, Region and Forecast to its 2027 research report.
The global digital transformation market size will grow at a compound annual growth rate (CAGR) of 21.1% during the forecast period, US$1,548.9 billion by 2027 US$594.5 billion The major factors expected to drive the adoption of digital transformation market technology over the forecast period are increasing spending on marketing activities, increasing spending on television commercials, and changing consumer intelligence landscape. Moreover, the use of digital technology has resulted in developments reflected in the digital transformation market. During the forecast period, digital transformation market adoption will increase due to its use across organizational processes, companies, capabilities, and procedures.
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Improving organizational functions, optimizing the workforce, and transforming organizational products and services are all achieved with the help of the digital transformation market, which is expected to drive market expansion in the coming years. Manufacturers are in need of digitization due to the development of digital technologies such as big data and analytics, cloud computing, blockchain, mobility, AI, robotics, IoT, and cybersecurity. These innovations are also used by companies to strengthen client relationships and add new functionality to existing business processes. This is driving companies to embrace digital transformation.
AI technology with highest CAGR during forecast period
By technology, the digital transformation market is segmented into cloud computing, big data and analytics, mobility and social media management, cyber security, AI, IoT, and other technologies. His CAGR of AI technology is estimated to be the largest during the forecast period. The use of advanced technologies such as cloud, IoT, big data and analytics, mobility and social media management, AI and cybersecurity have brought innovation and transformation and stimulated the growth of business ecosystems. In a market of digital transformation, AI will improve consumer satisfaction and accelerate market adoption of AI technologies. The rise of artificial intelligence has changed the way data is collected and evaluated.
Large enterprise segment to register for the largest market size during the forecast period
The digital transformation market is segmented into large enterprises and small and medium enterprises according to the size of the organization. The market for large enterprises is expected to register for the largest market size during the forecast period. Digital transformation solutions are used by large enterprises to improve operational efficiency and consumer experience. Developing a data-driven strategy requires integrating, classifying, and evaluating vast amounts of data from many operations.
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Among business functions, other business functions are registered to grow at the highest CAGR during the forecast period
Legal, supply chain, and operations are included in other business functions. The legal industry must digitally transform all aspects of the legal experience, including service delivery, workflows, processes, team communication and client engagement. The efficiencies and workflows of traditional law firms may seem slower than what customers expect from modern digital technology for instant gratification. Businesses are using digital technology to share assets and information in unique ways related to their supply chains. The technology capabilities available to an organization have a significant impact on the speed at which supply chains are digitized. One of the first business functions for him to experience significant technological advancement is supply chain management, as the developer designed the application to benefit from the data generated by the ERP system.
Primary Election Breakdown
In-depth interviews were conducted with CEOs, innovation and technology directors, system integrators and executives from various leading organizations active in the digital transformation market.
- By company: Tier I: 35%, Tier II: 45%, Tier III: 20%
- By specifying: C-level executives: 35%, D-level executives: 25%, Managers: 40%
- By region: Asia Pacific: 25%; Europe: 30%, North America: 30%, MEA: 10%, latin america: Five%
This report includes a survey of leading companies providing digital transformation solutions and services. It presents the leading vendors of the global Digital Transformation market. Key vendors in the global digital transformation market include Microsoft (US), SAP (Germany), Baidu (China), Adobe Systems (US), Alibaba (China)IBM (US), Google (US), Marlabs (US), Salesforce (US), Broadcom (CA Technologies) (US), Equinix (US), Oracle (US), Hewlett Packard Enterprise (US), HCL Technologies (India), Tibco Software (US), Alcor Solutions (US), Smartstream (US), Yash Technologies (US), Interfacing (US), Kissflow (India), mudras (India), ProcessMaker (US), Process Street (US), Happiest Minds (India), Scoro (UK), Dempton Consulting Group (Canada), Brillio (USA), and Aexonic Technologies (India).
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Scope of investigation
The market research covers the digital transformation market across segments. It aims to estimate the market size and growth potential of this market across various segments such as components, technologies, deployment modes, organizational size, business functions, verticals and geographies. It includes a detailed competitive analysis of the key players in the market along with their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies.
Another related report:
Digital Transformation Global Market Insights 2022, Analysis and Forecast to 2027, By Manufacturer, Region, Technology, Product Type – This report discusses the global market size of digital transformation from 2017 to 2021 and CAGR from 2017 to 2021, and forecasts the market size by the end of 2027 and CAGR from 2022 to 2027. increase.
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Booz & Co.
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Global Digital Transformation Market in B2B Sector Market Research Report 2021 – Market Impact of COVID-19 – Considering the impact of COVID-19 on the global digital transformation market of B2B sector market, this report has analyzed the impact from both global and regional perspectives.From the end of production to the end of consumption in regions such as North America, EuropeChina, and Japan, the report focuses on market analysis under COVID-19 and response policies in different regions. Download a free sample report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=5632988.
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