Digital Transformation Market Geared Up To Reach Cross USD 431.71 Billion In Revenue By 2021

31-Aug-2018 | Zion Market Research

The key vendors in the global digital transformation market are Oracle Corporation, Apple, EMC Corporation, IBM Corporation, CA Technologies, SAP AG, Microsoft Corporation, Adobe Systems, Google, and Hewlett-Packard (HP) among others. These players are set to drive the global digital transformation market to new heights in the years to come.

As per Zion Market Research, global digital transformation market was capitalized at almost USD 150.50 Billion in 2015 and is likely to cross USD 431.71 Billion by the end of 2021, developing at a CAGR of slightly more than 19.2% from 2016 to 2021.

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This review is based on a report by Zion Market Research, titled “Digital Transformation Market (Cloud Computing, Big Data, Mobility, & Social Media) for Banking and Financial Services, Telecom and IT, Healthcare, Government, Automotive, Government, Manufacturing and Retails and Other application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015-2021”- Report at http://www.zionmarketresearch.com/report/digital-transformation-market

Increasing Mobile Application And Internet Usage To Elevate The Requirement For Digital Transformation Market In The Years To Come

“Companies such as Apple, Google, and SAP AG are investing shares in R&D for increasing the organic development of their organization, thereby boosting the global digital transformation market,” as per the analysts at Zion Market Research. Hence, battle for creation of strong brands and attaining brand positioning has turned out to be a core factor to power the digital transformation market growth. These prominent players offer digital transformation solutions and develop new items or enhance their service offerings & products to satisfy the rising user need, consequently affect the digital transformation market positively. This strategy permits these firms to attract new users, validate the technology, and hold traditional users.

Global Digital Transformation Market

New product launches by these players also boost the profit margin for the digital transformation market. For example, in November 2017, Microsoft rolled out Azure location-supported services. This was a new azure cloud service to support the “location of things.” This service empowered industrial transformation from manufacturing to retail & automotive as it included geographical info that can better link IoT solutions, smart cities, and infrastructure.

In the retail sector, increasing mobile application and Internet usage are elevating the requirement for digital transformation market. Technological improvements in digital electronics paired with their rising application in different sectors such as automotive & construction are likely to elevate the digital transformation market growth in the years to come. Increasing market for AR devices such as eyeglasses, heads-up displays, and spatial AR is likely to boost digital transformation market.

Growing Online Payment Options And High Internet Penetration To Sustain The Digital Transformation Market Growth In North America In The Forecast Period

North America ruled the retail digital transformation market so far. Factors such as growing online payment options and high Internet penetration have had a noteworthy role in increasing the demand of digital transformation market in the region for retail digital information. Rising demand from small sized firms and surging service sector all over Asia Pacific are likely to power the charts of digital transformation market.

The global digital transformation market is segmented as follows:

By Solution

  • Cloud computing
  • Big data
  • Mobility
  • Social media

By Solution Deployment

  • On premises
  • Hosted

By Vertical

  • BFSI
  • Healthcare
  • Telecom and IT
  • Automotive
  • Retail
  • Manufacturing

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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