Digital Transformation Market By Technology, By Deployment model, By Organization size, By Industry vertical, Healthcare, IT and telecom, Education, Retail, Media and Entertainment, Manufacturing, Government and others), and Geography  

Digital Transformation Market Size, Share, Growth, Trends, and Global Industry Analysis: By Technology (Cloud Computing, AI, Big Data and Analytics, Mobility/Social Media, Cyber security, IoT, and others), By Deployment model (On-premises and Cloud), By Organization size (SMEs and Large enterprise), By Industry vertical (Banking, Financial Services, and Insurance (BFSI), Healthcare, IT and telecom, Education, Retail, Media and Entertainment, Manufacturing, Government and others), and Region  

Digital Transformation Market size valued at US$ 682.15 billion in 2023 and expected to reach US$ 1986.82 billion by 2030, at a CAGR of 16.6% during the forecast period 2024-2030. The growth of the global market for digital transformation is mainly driven by factors such as ever-growing internet users & smart devices, rising technological advances, and digitization initiatives by the government. In addition, untapped opportunities to boost sales performance, customer demand to streamline business processes, and take advantage of consumer trends are also leading to the growth of the global market for digital transformation. However, the greatest hindrance to business growth is the high cost of change and the lack of infrastructure.

The use of linked devices, as well as data-rich and analytics solutions, is driving the adoption of advanced technologies, such as the Internet of Things (IoT), Cyber security throughout corporations and enterprises. Furthermore, these solutions allow for the integration of digital intelligence into corporate operations and procedures, resulting in better and more successful customer engagements as well as operational optimization. The growing use of mobile devices, smartphones, and apps across business processes and departments is driving digitization and is likely to drive the market throughout the forecast period. Shifting from traditional to digital business models allows more advanced technological products and services to be introduced across businesses and sectors.

Digital Transformation Market Key Developments

  • In February 2019, Microsoft collaborated with Telecom Egypt, to extend its global cloud network to Egypt. Telecom Egypt will provide low-latency connectivity into and across Egypt to help enhance performance and increase reliability for customers of Microsoft services.
  • In February 2019, SAP launched SAP Leonardo Internet of Things (IoT), the all-encompassing technology that generates and drives digital transformation for Industrial IoT and Industry 4.0.
  • In March 2019, Accenture acquired Enterprise System Partners (ESP), to help Accentures life sciences clients digitize and transform manufacturing operations.

Digital Transformation Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

16.6%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Digital Transformation Market Dynamics

People now expect more personalized, linked encounters with the government in the modern world, which makes the task of digital transformation even more important. The use of digital government channels allows leaders to achieve established goals in line with the effectiveness of serving people. Digital payments (BHIM), AADHAAR and direct benefit transfer, e-education (SWAYAM), e-health, digital farming, and digitization of internal law enforcement agencies , for example, are government initiatives in India that facilitate digital transformation in the country, among others.

In addition, by creating co-creation sites for access to more than 3,000 government datasets and launching more than 110 mobile applications for its people, the Singapore government is also undertaking initiatives. One of the main factors expected to drive the growth of the global digital transformation in the coming years is government inclination to adopt technologies & policies supporting digitization, especially in developing countries.

Digital Transformation Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 682.15 billion

Market Size in 2030

US$ 1986.82 billion

Market CAGR

16.6%

By Technology

  • Cloud Computing
  • AI
  • Big Data and Analytics
  • Mobility/Social Media
  • Cyber security
  • IoT
  • Others

By Deployment Model

  • On-premises
  • Cloud

By Organization Size

  • SMEs
  • Large Enterprise

By Industry vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • Healthcare
  • IT and telecom
  • Education
  • Retail
  • Media and Entertainment
  • Manufacturing
  • Government
  • Others

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

Digital transformation market size was valued at US$ 682.15 billion in 2023 and is set to reach US$ 1986.82 billion by 2030, at a CAGR of 16.6% from 2024-2030

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

  1. Executive Summary
  2. Global Digital Transformation Market Introduction
    • Global Digital Transformation Market - Taxonomy
    • Global Digital Transformation Market -Definitions
      • By Technology
      • By Deployment Model
      • By Organization size
      • By Industry Vertical
      • By Region
  3. Global Digital Transformation Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Digital Transformation Market Dynamic Factors - Impact Analysis
    • Global Digital Transformation Market - Competition Landscape
  4. Global Digital Transformation Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Digital Transformation Market, By Technology, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Cloud Computing
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • AI
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Big Data & Analytics
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Mobility/Social Media
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cyber Security
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • IoT
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Digital Transformation Market Forecast, By Deployment Model, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Cloud
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • On-premises
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Digital Transformation Market Forecast, By Organization size, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • SMEs
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Large Enterprise
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Digital Transformation Market, By Industry Vertical, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Banking, Financial Services, and Insurance (BFSI)
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Healthcare
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • IT & Telecom
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Education
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Retail
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Media & Entertainment
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Manufacturing
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Government
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Digital Transformation Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Digital Transformation Market - Opportunity Analysis Index, By Technology, By Deployment type, By Organization size, By Industry Vertical, and Region, 2020 - 2026
  2. North America Digital Transformation Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cloud Computing
      • AI
      • Big Data & Analytics
      • Mobility/Social Media
      • Cyber security
      • IoT
      • Others
    • Deployment Model Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud
      • On-premises
    • Organization size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • SMEs
      • Large Enterprise
    • Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Banking, Financial Services, and Insurance (BFSI)
      • Healthcare
      • IT and Telecom
      • Education
      • Media & Entertainment
      • Manufacturing
      • Government
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Digital Transformation Market - Opportunity Analysis Index, By Technology, By Deployment Models, By Organization size, By Industry Vertical, and Country, 2020 - 2026
    • North America Digital Transformation Market Dynamics - Trends
  3. Europe Digital Transformation Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cloud Computing
      • AI
      • Big Data & Analytics
      • Mobility/Social Media
      • Cyber security
      • IoT
      • Others
    • Deployment Model Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud
      • On-premises
    • Organization size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • SMEs
      • Large Enterprise
    • Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Banking, Financial Services, and Insurance (BFSI)
      • Healthcare
      • IT and Telecom
      • Education
      • Media & Entertainment
      • Manufacturing
      • Government
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Digital Transformation Market - Opportunity Analysis Index, By Technology, By Deployment Models, By Organization size, By Industry Vertical, and Country, 2020 - 2026
    • Europe Digital Transformation Market Dynamics - Trends
  4. Asia-Pacific Digital Transformation Market Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cloud Computing
      • AI
      • Big Data & Analytics
      • Mobility/Social Media
      • Cyber security
      • IoT
      • Others
    • Deployment Model Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud
      • On-premises
    • Organization size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • SMEs
      • Large Enterprise
    • Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Banking, Financial Services, and Insurance (BFSI)
      • Healthcare
      • IT and Telecom
      • Education
      • Media & Entertainment
      • Manufacturing
      • Government
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Digital Transformation Market - Opportunity Analysis Index, By Technology, By Deployment Models, By Organization size, By Industry Vertical, and Country, 2020 - 2026
    • Asia-Pacific Digital Transformation Market Dynamics - Trends
  5. Latin America Digital Transformation Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cloud Computing
      • AI
      • Big Data & Analytics
      • Mobility/Social Media
      • Cyber security
      • IoT
      • Others
    • Deployment Model Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud
      • On-premises
    • Organization size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • SMEs
      • Large Enterprise
    • Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Banking, Financial Services, and Insurance (BFSI)
      • Healthcare
      • IT and Telecom
      • Education
      • Media & Entertainment
      • Manufacturing
      • Government
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Digital Transformation Market - Opportunity Analysis Index, By Technology, By Deployment Models, By Organization size, By Industry Vertical, and Country, 2020 - 2026
    • Latin America Digital Transformation Market Dynamics - Trends
  6. Middle East and Africa Digital Transformation Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cloud Computing
      • AI
      • Big Data & Analytics
      • Mobility/Social Media
      • Cyber security
      • IoT
      • Others
    • Deployment Model Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Cloud
      • On-premises
    • Organization size Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • SMEs
      • Large Enterprise
    • Industry Vertical Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Banking, Financial Services, and Insurance (BFSI)
      • Healthcare
      • IT and Telecom
      • Education
      • Media & Entertainment
      • Manufacturing
      • Government
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Digital Transformation Market - Opportunity Analysis Index, By Technology, By Deployment Models, By Organization size, By Industry Vertical, and Country, 2020 - 2026
    • MEA Digital Transformation Market Dynamics - Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Services & Services Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Microsoft
      • SAP
      • Cognizant
      • Adobe
      • Dell EMC
      • IBM
      • Google
      • Marlabs
      • Accenture
      • Oracle
  1. Research Methodology
  2. Key Assumptions and Acronyms

Key Market Players

  • Microsoft
  • SAP
  • Cognizant
  • Adobe
  • Dell EMC
  • IBM
  • Google
  • Marlabs
  • Accenture
  • Oracle

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