The growth in penetration of IoT-based products and devices in day to day life, increase in the usage of mobile devices and apps, and rise in dependency of business on IoT based products and solutions drive the Digital Transformation Market growth. However, factors such as underdeveloped ICT infrastructure in the underdeveloped and developing nations, and high data security threats hinder the growth of the market. In addition, rise in dependence of the retail, BFSI, and automotive sectors on IoT-based products & solutions is expected to provide lucrative growth opportunities for the market.
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Digital transformation can be defined as the use of the digital technologies such as cloud computing, big data, mobility, and social media to improve the business processes. The need for business growth, to improve operational expenses and business efficiency and to track the real-time business activities drive the businesses to be part of the digital transformation.
The report segments the digital transformation market based on solutions, services, end users, industry verticals, and region. By solution, the market is divided into cloud computing, big data, mobility, and social media. Based on services, it is categorized into training, maintenance, and consulting. Based on end users, it is bifurcated into small medium enterprises (SMEs) and large enterprises. By industry vertical, the market is segmented into BFSI, telecom, healthcare, utility, retail, automotive, ICT, and others.
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By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Comprehensive competitive analysis and profiles of major digital transformation market players such as SAP AG, IBM Corporation, Oracle Corporation, Google, Inc., Dell EMC, Adobe Systems, Hewlett-Packard (HP), CA Technologies, Microsoft Corporation, and Accenture PLC are also provided in this report.
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Key Benefits
- The report provides an extensive analysis of the current and emerging digital transformation market trends and dynamics in the global digital transformation industry.
- In-depth analysis is conducted by constructing market estimations for the key market segments.
- This study evaluating competitive landscape and value chain is taken into account to elucidate the competitive environment across the geographies.
- This report entails the detailed quantitative analysis of the current digital transformation market and estimations which assists in identifying the prevailing market opportunities.
- Comprehensive analysis of factors that drive and restrict the growth of the digital transformation market is provided.
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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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