Global Digital Transformation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global digital transformation market in its upcoming report titled, “Global Digital Transformation Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global digital transformation market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global digital transformation market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global digital transformation market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global digital transformation market report has been segmented on the basis of solution, deployment, end user, and region.

Digital transformation is connection of granular, real time data such as smartphones, wearables, smart appliances, m-commerce, and connected devices with recent technologies like big data, cloud native applications, artificial intelligence, and blockchain. This improves product, process, and to take business related decisions. Digital transformation benefits organizations to tackle troublemaking fluctuations such as corporate restructuring and marketplace fluctuation.

Increasing penetration of Internet of Things (IoT), and rising adoption of smartphones & application are key factors driving growth of the global digital transformation market. In addition, increasing adoption of cloud platforms, growing smart city projects, and use of real time application across the globe are other factors expected to propel growth of the global digital transformation market over the forecast period.

However, and high cost associated, and data security and privacy threats are key factors restraining growth of the global digital transformation market. Additionally, lack of awareness about benefits of digital transformation, and lack of skilled workforce are other factors expected to hamper growth of the global digital transformation market over the forecast period.

Current trend in market is increasing adoption of bring your own device (BYOD), internet enabled devices, and mobile payment systems such as paytm, mobikwik, BHIM, etc. are further expected to boost growth of the global digital transformation market over the forecast period.

North America market is a dominant player in the global digital transformation market, and accounts for largest market share in terms of revenue. This dominance can be attributed to increasing penetration of internet, and changing preference toward online payment system in countries in the region. The market in Asia Pacific projected to register highest growth rate over the forecast period, owing to increasing adoption of digital transformation from small & medium sized companies, and growing awareness about benefits of cloud in emerging economies in the region.

Global Digital Transformation Market Segmentation:

Global digital transformation market segmentation by solution:

• • Big data & analytics
  • Cloud computing
  • Mobility
  • Social media
  • Others

Global digital transformation market segmentation by deployment:

• • On premises
  • Cloud

Global digital transformation market segmentation by end user:

• • Banking, Financial Services & Insurance (BFSI)
  • Healthcare
  • Telecom and IT
  • Automotive
  • Retail
  • Manufacturing
  • Others

Global digital transformation market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa