Market Overview:
The global digital transformation solution market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based solutions, artificial intelligence (AI), Internet of Things (IoT), and other digital transformation solutions across different industries. The global digital transformation solution market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cloud-based solutions, AI-based solutions, IoT-based solutions, and other types of digital transformation solutions. Cloud-based Solutions are further sub divided into public cloud services and private cloud services while AI based Solutions are sub divided into machine learning algorithms and natural language processing algorithms.
Product Definition:
A digital transformation solution is an enterprise-wide initiative that helps organizations to optimize their operations and processes through the use of technology. By digitizing these areas, businesses can improve efficiency, communication and performance. The importance of a digital transformation solution cannot be overstated; it can help organizations to compete in a rapidly changing marketplace, while also improving their bottom line.
Cloud Based:
Cloud-based solutions are software and services whose primary functionality is to help businesses improve their productivity by providing multiple tools, such as data storage, online collaboration, processing power and communication. Cloud computing offers shared resources that can be accessed remotely through networked computers or devices. It also helps organizations in reducing the cost of technology infrastructure while increasing flexibility and scalability.
AI:
Artificial Intelligence (AI) is the part of software engineering that helps in the development of intelligent systems. It provides computer with intelligence by training it with data and giving it a program to understand the concept. The main aim of AI is to give computers humanlike intelligence which can be used for various applications such as speech recognition, decision making, text & image processing etc.
Application Insights:
The manufacturing segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing digital transformation in various industries, such as automotive, consumer electronics, healthcare and pharmaceuticals on account of increasing demand-supply gap is anticipated to drive the global demand for digital transformation solution over the forecast period.
The retail sector has also witnessed a significant rise in adopting these solutions due to an increase in customer engagement through social media platforms coupled with e-commerce transactions. Furthermore, companies are focusing on reducing costs while improving operational efficiency by digitizing business processes within organizations. This will help retailers improve customer experience along with enhancing internal processes leading to improved productivity which further benefits both customers and retailers across all channels of distribution thus driving industry growth during this phase.
Regional Analysis:
The North American region is anticipated to dominate the global market over the forecast period. The growth can be attributed to increasing investments in digital transformation solutions by various organizations and governments. For instance, according to a white paper published by Infosys in partnership with UBS, titled “The Future of Work: Reimagining Jobs & Organizationâ€, it was estimated that around USD X trillion will be invested globally over the next five years for implementing new technologies across various industry verticals. This factor is expected to drive demand for digital transformation solutions in this region during the forecast period.
However, Asia Pacific regional market may emerge as a potential destination for investors looking to capitalize on rapid technological advancements and large-scale adoption of cloud based services across several industries including BFSI and government sectors among others.
Growth Factors:
- Increased demand for digital transformation solutions from small and medium-sized businesses (SMBs) due to the increasing need to compete in a digital world.
- The growing popularity of cloud-based solutions, which enables businesses to quickly and easily adopt new technologies without having to make significant investments in infrastructure or personnel.
- The increasing use of mobile devices and the internet of things (IoT) by consumers, which is driving demand for digital transformation solutions that can help companies create engaging customer experiences across all channels.
- The need for organizations to become more agile and responsive in order to keep up with the rapid pace of change in the digital age.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Transformation Solution Market Research Report
By Type
Cloud Based, AI, IoT, Other
By Application
Manufacturing, Retail, BFSI, Government, Healthcare, IT and Telecom, Others
By Companies
IBM, Oracle, Google, Microsoft, Cisco, SAP SE, Dell, Hewlett Packard, Adobe Systems, Capgemini Group, Kelltontech Solutions, Accenture, Fujitsu, Hitachi, Alibaba, Huawei
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Digital Transformation Solution Market Report Segments:
The global Digital Transformation Solution market is segmented on the basis of:
Types
Cloud Based, AI, IoT, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Retail, BFSI, Government, Healthcare, IT and Telecom, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Oracle
- Microsoft
- Cisco
- SAP SE
- Dell
- Hewlett Packard
- Adobe Systems
- Capgemini Group
- Kelltontech Solutions
- Accenture
- Fujitsu
- Hitachi
- Alibaba
- Huawei
Highlights of The Digital Transformation Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- AI
- IoT
- Other
- By Application:
- Manufacturing
- Retail
- BFSI
- Government
- Healthcare
- IT and Telecom
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Transformation Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A digital transformation solution is a comprehensive plan that helps organizations modernize their business processes and systems in order to improve efficiency, agility, and customer experience.
Some of the key players operating in the digital transformation solution market are IBM, Oracle, Google, Microsoft, Cisco, SAP SE, Dell, Hewlett Packard, Adobe Systems, Capgemini Group, Kelltontech Solutions, Accenture, Fujitsu, Hitachi, Alibaba, Huawei.
The digital transformation solution market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Transformation Solution Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Digital Transformation Solution Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Digital Transformation Solution Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Digital Transformation Solution Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Digital Transformation Solution Market Size & Forecast, 2018-2028 4.5.1 Digital Transformation Solution Market Size and Y-o-Y Growth 4.5.2 Digital Transformation Solution Market Absolute $ Opportunity
Chapter 5 Global Digital Transformation Solution Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Transformation Solution Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 AI
5.2.3 IoT
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Transformation Solution Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Transformation Solution Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Retail
6.2.3 BFSI
6.2.4 Government
6.2.5 Healthcare
6.2.6 IT and Telecom
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Transformation Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Transformation Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Transformation Solution Analysis and Forecast
9.1 Introduction
9.2 North America Digital Transformation Solution Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Transformation Solution Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 AI
9.6.3 IoT
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Transformation Solution Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Retail
9.10.3 BFSI
9.10.4 Government
9.10.5 Healthcare
9.10.6 IT and Telecom
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Transformation Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Transformation Solution Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Transformation Solution Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 AI
10.6.3 IoT
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Transformation Solution Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Retail
10.10.3 BFSI
10.10.4 Government
10.10.5 Healthcare
10.10.6 IT and Telecom
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Transformation Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Transformation Solution Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Transformation Solution Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 AI
11.6.3 IoT
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Transformation Solution Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Retail
11.10.3 BFSI
11.10.4 Government
11.10.5 Healthcare
11.10.6 IT and Telecom
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Transformation Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Transformation Solution Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Transformation Solution Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 AI
12.6.3 IoT
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Transformation Solution Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Retail
12.10.3 BFSI
12.10.4 Government
12.10.5 Healthcare
12.10.6 IT and Telecom
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Transformation Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Transformation Solution Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Transformation Solution Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 AI
13.6.3 IoT
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Transformation Solution Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Retail
13.10.3 BFSI
13.10.4 Government
13.10.5 Healthcare
13.10.6 IT and Telecom
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Transformation Solution Market: Competitive Dashboard
14.2 Global Digital Transformation Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Oracle
14.3.3 Google
14.3.4 Microsoft
14.3.5 Cisco
14.3.6 SAP SE
14.3.7 Dell
14.3.8 Hewlett Packard
14.3.9 Adobe Systems
14.3.10 Capgemini Group
14.3.11 Kelltontech Solutions
14.3.12 Accenture
14.3.13 Fujitsu
14.3.14 Hitachi
14.3.15 Alibaba
14.3.16 Huawei