Digital Transformation Market: Size, Share, Key players, Strategy and Forecast Report by 2026

According to the latest report by IMARC Group, titled “Digital Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”,  offers a comprehensive analysis of the industry, which comprises insights on digital transformation market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global digital transformation market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 2021-2026. Digital transformation stands for the organizational, operational, and cultural change of an enterprise through digital technologies. It primarily relies on numerous advanced technologies, including artificial intelligence (AI), additive manufacturing, robotics, 3D printing, etc. Digital transformation is implemented through on-site or cloud software, digital experience platforms, hardware upgrades, etc. It assists in optimizing the processes and competencies of the organization by digitally streaming the operations and enhancing the reputation of the brand, customer experience, client retention ratios, etc. As a result, digital transformation finds numerous applications across several industries, such as banking, healthcare, information technology (IT), retail, transportation, etc. 

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Digital Transformation Market Trends:

The growing digitalization and automation levels of various business processes are among the key factors driving the digital transformation market. In addition to this, the inflating adoption of digital transformation solutions by small, medium, and large-scale enterprises to respond to the consumers in real-time is further propelling the market growth. Moreover, the expanding usage of industrial robots and the introduction of Industry 5.0 trends for improving the efficiency of smart factory systems are acting as significant growth-inducing factors. Apart from this, continuous technological advancements, including the integration of connected devices with the Internet of Things (IoT) and cloud computing solutions, are also positively influencing the global market. Furthermore, the rising employment of wireless communication technologies and the extensive digital infrastructural developments, especially across developing economies, are expected to bolster the digital transformation market over the forecasted period.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Accenture PLC
  • Adobe Inc.
  • Capgemini SE
  • Cognizant
  • Dell Technologies Inc.
  • Google LLC (Alphabet Inc.)
  • Hewlett Packard Enterprise Company
  • International Business Machines Corporation
  • Marlabs Inc.
  • Microsoft Corporation
  • Oracle Corporation
  • SAP SE
  • Siemens AG

Breakup by Type:

  • Solution
  • Service

Breakup by Deployment Mode:

  • Cloud-based
  • On-premises

Breakup by Enterprise Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises

Breakup by End Use Industry:

  • BFSI
  • Manufacturing and Retail
  • Government
  • Healthcare
  • IT and Telecom
  • Others

Breakup by Region:

  • Middle East and Africa
  • North America
  • Asia-Pacific
  • Europe
  • Latin America

Key highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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