Data Bridge Market Research analyses that the digital transformation market was valued at USD 752.38 billion in 2023 and is expected to reach the value of USD 4339.82 billion by 2030, at a CAGR of 23.60% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

The global Digital Transformation Market research report 2030, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.

This Digital Transformation market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.

Top Companies in the Global Digital Transformation Market:
Microsoft  (U.S.), IBM (U.S.), SAP SE (Germany), Oracle (U.S.), Google  (U.S.), Cognizant (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Adobe (U.S.), Accenture (Ireland), HCL Technologies Limited (India), Broadcom (U.S.), Equinix, Inc. (U.S.), Dell Inc., (U.S.), TIBCO Software Inc. (U.S.), Marlabs (U.S.), Alcor Solutions, Inc. (U.S.), SmartStream Technologies ltd. (U.K.), Yash Technologies (U.S.), Interfacing (Canada), Kissflow, Inc. (India), eMudhra (India), Process Maker (U.S.), Process Street (U.S.), Happiest Minds (India), Scoro Software  (U.K.), Brillio (U.S.), among others.

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Market Segmentation:

The digital transformation market is segmented on the basis of component, technology, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Solution
• Services
• Deployment Model
• On-Premise
• Cloud

Technology

• Industrial Robotics
• Internet of Things
• 3D Printing/Additive Manufacturing
• Advanced Human Machine Interface
• Big Data and Analytics
• Machine Learning
• Artificial Intelligence
• Organization Size
• Small and Medium Enterprises (SMEs)
• Large Enterprises

End User

• Banking Financial Services and Insurance (BFSI)
• Healthcare
• Telecommunication and IT
• Automotive
• Education
• Retail and Consumer Goods
• Media and Entertainment
• Manufacturing
• Government
• Others

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

– North America (United States, Mexico & Canada)

– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Market Dynamics:

Drivers

• Advantages of digital transformation

Digital transformation can simplify, integrate and transform daily business operations by increasing performance proficiently. Moving from a conventional setup to a new digitalized setup helps introduce several technically advanced services and products. It aids associations in establishing their operations to save effort and time and proficiently use resources. Digital transformation replaces traditional business processes with the help of automation and reduces the chance of errors by users. The increasing advantages of digital transformation is anticipated to drive the market growth rate.

• Rising demand of latest and advanced technology

The increasing demand for digital and automated technologies across the manufacturing sector has surged rapidly in last few years. The manufacturers are progressively adopting the latest technologies to digitalize and automate the process to increase the quality and productivity of product. The growing demand for the latest and advanced technologies such as internet of things, big data analytics, artificial intelligence, and cloud computing across numerous business enterprises is considerably driving the global digital transformation market growth.

Opportunities

• Growth and developments in the field of technology

In these last few years, the world witnessed several developments that took important place in the field of technology, for instance, quantum computing, Artificial Intelligence (AI), predictive analysis, blockchain and Machine Learning (ML), among others. Organizations are generating a remarkable amount of data, requiring technological support such as powerful analysis tools and machine learning algorithms to develop insights. This is one of the major factors promoting the adoption of technologies such as digital transformation and makes the workflow more organized for daily operations. These growth and developments in the field of technology will create immense opportunities for market growth in upcoming years.

• High usage of digital transformation in healthcare sector

Digital technology is highly used in the healthcare sector due to the increasing end-user dependency on digital health platforms, government initiatives and growing geriatric population. As per the report of U.S. Department of Commerce’s International Trade Administration, overall social protection expenditures amounted in Finland to 31% of GDP in 2017, while social expenditures for healthcare accounted for 22.1% of GDP. This has further helped the healthcare industry in the field of global digital transformation market.

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Strategic Points from Table of Content:

– Market Summary

– Economic Impact Competition Analysis by Players

– Production, Revenue (Value) by geographical segmentation

– Digital Transformation Market Size by Type and Application

– Regional Market Status and Outlook

– Digital Transformation Market Analysis and Outlook

– Digital Transformation Market Forecast by Region, Type, and Application

– Cost Investigation, Market Dynamics

– Marketing Strategy comprehension, Distributors and Traders

– Market Effect Factor Analysis

– Research Finding/ Conclusion

– Appendix

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