The global Digital Transformation market size is projected to reach USD 16,800 Million by 2027 from USD 6,500 Million in 2021, at a CAGR of 5.3% during the forecast period (2020 - 2027).
Digital transformation assists organizations in dealing with various risks associated with disruption, such as reconstructing corporate, market fluctuation, and geopolitical conditions that are unexpected and can result in erratic outcomes. Furthermore, shifting from a traditional to a new digitalized setup facilitates the introduction of many new technically advanced products and services. By boosting performance, digital transformation can alter, integrate, and simplify daily corporate operations. It helps associations in arranging their operations to save time and effort while making efficient use of resources. Because digital transformation automates traditional corporate operations, it reduces the likelihood of user errors.
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Segmental Analysis
The global digital transformation market is segmented by Technology (Cloud Computing, Big Data and Analytics, Mobility/social media, Cybersecurity, AI, and IoT), by Deployment Type (Cloud and On-Premise), by Organization Size (Large Enterprises and Small and Medium-sized Enterprises (SMEs)) by Vertical (BFSI, Retail, Education) & based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Top Players Company Profiles
- Microsoft (US)
- IBM(US)
- SAP (Germany)
- Google (US)
- Oracle (US)
- Cognizant (US)
- Adobe (US)
- Accenture (Ireland)
- HCL Technologies (India)
- Aexonic Technologies (US)
Recent Developments
- In April 2021, Oracle and SailGP, the world's finest sailing racing league, have expanded their successful Digital Transformation platform. SailGP uses Oracle Cloud Infrastructure (OCI) to provide real-time data to each of the league's eight national teams, as well as media partners and fans worldwide.
- In April 2021, Oracle launched its GoldenGate technology as a highly automated, fully managed cloud service that clients can utilize to help ensure that their valuable data is always available and analyzable in real-time, wherever they need it.
- In April 2020, IBM introduced new AI-powered technologies. IBM has introduced unique AI-powered tools to assist the Health and Research Community in the discovery of medical insights and treatments for COVID-19.
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