Digital Transformation Market Predicted to Cross USD 798.44 Billion by 2025 by sonali_86 · December 17 Cheap Carolina Panthers Jerseys , 2019
The Report聽Digital Transformation Market聽Analysis By Type (Solution, Service), By Deployment (Hosted, On-premise), By Enterprise Size (Large Enterprise, Small & Medium Enterprise), By End-use Jordan Scarlett Black Jersey , By Region, And Segment Forecasts, 2018 鈥?2025
The global聽digital transformation market聽is expected to reach USD 798.44 billion by 2025, according to a new study by Grand View Research, Inc. The increasing necessity for the introduction of innovative solutions that are capable of engaging customers or employees to integrate process, data, IT and business and the increasing demand for the adoption of Internet of Things (IoT) are propelling market growth.
Digital transformation allows organizations to tackle disruptive changes such as marketplace fluctuation Christian Miller Black Jersey , and corporate restructuring, among others, occurring in their markets and customer base by designing new products, services, and business models leveraging digitalization. These newly designed solutions are generally a mix of digitally stored historical information about business activities and the customers Furthermore, they facilitate the transformation of traditional processes, business activities Will Grier Black Jersey , and models to take advantage of the upcoming changes and opportunities of digital technologies.
Moreover, factors such as optimization of end-to-end customer experience and improvement in operational flexibility are promoting the growth of digital transformation along with the recognition of new revenue sources.
Access Research Report of Digital Transformation Market
Further key findings from the study suggest:
The hosted deployment segment is anticipated gain momentum owing to advantages such as convenience, lower cost, and better security. The segment is estimated to grow at a CAGR of 22.3% over the forecast period The healthcare segment is presumed to find the highest growing application and is estimated to grow at CAGR of 19.5% over the next eight years. This can be attributed to the increasing focus of the healthcare providers towards improving the patient care by implementing digital process and technology North America accounted for the largest share in 2016 owing to growing customer interaction through smart devices such as tablets, smartphones, and phablets, among others in this region Furthermore Greg Little Black Jersey , the presence of leading players such as IBM Corp., CA Technologies, and Hewlett Packard Enterprise Co, among others in the North American region is a key factor contributing to the regional market dominance The Asia Pacific regional market is expected to grow at the highest CAGR over the next eight years. This can be attributed to the growing demand for the application of the Internet of Things. The key industry participants include SAP SE, IBM Corporation, Oracle Corporation, Google Inc. Brian Burns Black Jersey , Dell EMC, Hewlett Packard Enterprise Co., CA Technologies, Microsoft Corporation, Adobe Systems Incorporated, Accenture plc, Capgemini Group Curtis Samuel Black Jersey , Apple Inc., and Kellton Tech Solutions Ltd. Grand View Research has segmented the global digital transformation market on the basis of type, deployment, enterprise size, end-use, and region: Type Scope (Revenue, USD Billion; 2014 – 2025)
Large Enterprise Small and Medium Enterprise End-use Outlook (Revenue, USD Billion; 2014 – 2025)
BFSI Government Healthcare IT & Telecom Manufacturing Retail Others Regional Outlook (Revenue, USD Billion; 2014 – 2025)
North America Europe Asia Pacific Latin America MEA About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports Donte Jackson Black Jersey , and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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