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Digital Transformation Market by Solution & Service – 2020

Monday, November 7, 2016 14:05
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Digital transformation is the consequence of the changes that occur with the application of digital technologies. The use of digital transformation helps enterprises to streamline their business processes which are essential for achieving optimal output. This involves the use of digital technologies such as mobility, analytics, social media, and cloud computing. These technologies are used by enterprises to improve or add more features to their traditional systems, as well as help in improving their customer relationships.

With the advent of new and upgraded applications, consumer demands keep on changing. Therefore, enterprises are investing a huge proportion of their revenue in digital technologies. Various tier-1 companies are acquiring small businesses for their inorganic growth. Additionally, enterprises are spending a respectable proportion of their revenue in research and development for the organic growth of their company.

Further, the market remains competitive with the entry of niche players. These players provide products and services, thereby increasing their market bargain capability among the large vendors. The major vendors in the digital transformation market are Apple, IBM Corporation, Oracle Corporation, EMC Corporation, SAP AG, Adobe Systems, CA Technologies, Hewlett Packard (HP), Google, Microsoft Corporation, and many others.

It also identifies the drivers, restraints, and opportunities prevalent in the market and provides burning issues along with premium insights for the market. The detailed analysis of the key industry included in the report provides insight on their products and services, strategies, and recent developments associated with the digital transformation market.

According to MarketsandMarkets’ research, the global digital transformation market is expected to grow from $150.70 Billion in 2015 to $369.22 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 19.6%. In the current scenario, North America is expected to be the largest market on the basis of spending and adoption of digital transformation market.

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports.Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.


M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.


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Markets and Markets

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