Digital Transformation Market Size | COVID-19 Impact Analysis | Forecast to 2031

The global digital transformation market is anticipated to grow at a CAGR of 22.2% during the forecast period. The government across the globe are increasing their focus to create a digitally empowered economy to benefit all sectors which is accelerating the growth of the market. For instance, the article published in October 2021 that India registered a multi-fold increase in digital adoption, making it the second-largest consumer internet market. Further, increased investments in digital infrastructure will lead to quicker adoption of emerging technologies to strengthen the various end-user industries. For instance, in January 2022, the Indian Government announced to increase in the investment upto $23 billion by 2025 for developing digital infrastructure. The announcement was done with the aim to support the growing demand for digital services and rising online traffic across the country.

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Moreover, the North American region's digital-government ecosystem continues to grow. Both the US and Canada have implemented several robust strategies at multiple levels to guide whole-of-government digital-government efforts. For instance, in 2021, Canada released its first digital-government strategy focusing on digital operations, modernizing IT systems, advancing technology adoption, and improving service delivery. The strategy is embodied in the Digital Operations Strategic Plan (2021­2024) and linked to key government policies. 

Additionally, China seeks to nurture digital industries such as artificial intelligence (AI), blockchain, and cloud computing along with expanding the use of 5G technologies to more industries such as smart transport and logistics which is expected to contribute to the digital transformation market during the forecast period. For instance, in March 2021, the National Development and Reform Commission drafted China’s five-year plans with a focus on guiding the integration of digital and physical economies. In the new plan, China aims to increase added value in the digital economy to 10 % of gross domestic product (GDP) by 2025, up from 7.8% in 2020. In addition, the new five-year plan specifically encourages companies to share data from search, e-commerce, and social media services for the development of a third-party big data platform.

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Market Coverage

• Segment Covered- 

o             By Component

o             By Deployment 

o             By Technology

o             By End-Users

• Regions Covered-

o             North America

o             Europe

o             Asia-Pacific

o             Rest of the World

• Competitive Landscape- including Accenture Plc, Adobe Inc., Google LLC, IBM Corp., Microsoft Corp., Oracle Corp., Sap SE, and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Digital Transformation Market Report Segment

By Component

• Solution 
• Services

By Deployment 

• Cloud 
• On-Premise

By Technology

• Cloud-Computing
• Big Data & Analytics
• Cybersecurity
• Artificial Intelligence (AI)
• Internet of Things (IoT)
• Robotic Process Automation (RPA)
• Others (Mobility & Social Media Management & AR/VR)

By End-Users

• BFSI
• Healthcare
• IT and Telecom
• Government
• Retail & E-commerce
• Media and Communication
• Others

Global Digital Transformation Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe 

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific 

Rest of the World

• Latin America 
• Middle East & Africa

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

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