Digital transformation is the change associated with the application of the digital technology in all the aspects of the human society. This enables new types of innovations and creativity in specific domains rather than simply enhancing and supporting traditional methods. Digital transformation solutions helping the companies to reach out to large masses is one of the major factor that will drive the growth of the market. Also, constantly evolving customer experiences encourage the companies to adopt digital solutions. However, issues related to the security and privacy affects the adoption of the digital solutions by major industry verticals. Moreover, factors such as Space for implementation across SMEs provides significant opportunity to the players in the value chain, and Increasing adoption of digital solutions by different industry verticals offers huge scope to the market to expand is expected to generate remarkable opportunities to the industry players in the future. Currently, digital transformation is being highly adopted by different industry verticals in all the regions. Especially, in North America, the adoption or shifting of the industry verticals towards digital transformation is very high as compared to every other region. Global digital transformation market is expected to grow from US$ 445.4 Bn in 2017 to US$ 2,279.4 Bn by 2025 at a CAGR of 24.3% between 2018 and 2025.
The global market for digital transformation has been segmented on the basis of component, which include solution and services. Solution segment is further divided into mobility, big data & analytics, artificial intelligence, IoT, and others, and the services segment is further divided into professional services and managed services. On the basis of deployment type, the market is categorized into cloud and on-premise deployment. On the basis of end-user, the market is categorized into BFSI, healthcare, education, retail, IT & Telecom, logistics & transportation, manufacturing, and others. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries.
The report aims to provide an overview of global digital transformation market with detailed market segmentation. Also, it analyzes the current drain cleaning equipment market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.
North America is one of the prominent regions in digital transformation market which will contribute highest revenue globally most of the companies in the region have already shifted to the digital transformation for competing effectively in the global market. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in industrialization and technological advancement will pave the path for increasing adoption and propel the market for digital transformation market. The APAC region is further expected to lead the market with highest CAGR during the forecast period. Some of the key players of digital transformation market include Microsoft Corporation, Oracle Corporation, Accenture, and Google Inc., among others.