Digital Transformation Market: A $4907.10 Billion Opportunity by 2030

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 2024-04-30

Digital Transformation Market
Industrial and Manufacturing

According to a recent study by Next Move Strategy Consulting, the Digital Transformation Market size is predicted to reach USD 4907.10 billion with a CAGR of 23.4% till 2030.

Digital transformation is the process of leveraging digital technologies to improve an organization's internal operations and customer experiences. This includes technologies such as cloud computing, big data analytics, artificial intelligence (AI), and the Internet of Things (IoT). 

Digital technologies are used to create new products and services that cater to the needs of customers in new and innovative ways. This involves various tasks ranging from customer-facing interactions to back-office operations.

It can reduce paper usage and energy consumption, creating a more sustainable operation model.

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Navigating the Landscape: Digital Transformation Market Addressing Labor Challenges and Cost Barriers

The market is experiencing growth driven by increased adoption of digitally-transformed services in the BFSI sector. There's a notable shift towards digital services in people's daily lives.

Furthermore, the healthcare industry's increasing embrace of digital accessibility, particularly in implementing AI and IoT in medical practices, is fueling demand for the digital transformation market. For instance, The Rockefeller Foundation, the United States Agency for International Development’s (USAID) Centre for Innovation and Impact (CII), and the Bill and Melinda Gates Foundation have collaborated to advance AI in the global health sector.

This partnership opens opportunities for donors, governments, investors, and other stakeholders to explore and contribute to the cost-effective utilization of AI worldwide.

However, concerns about data breaches and cybersecurity significantly impact the adoption of new digital tools, thereby restraining the growth of the digital transformation market.

Segmentation and Scope of the Market

The digital transformation market is segmented on the basis of offering, deployment mode, organization size, end user, and region. Based on offering, the market is categorized into solution and service.

The solution segment is sub-divided into analytics, cloud computing, big data & analytics, blockchain, cybersecurity, AI, IoT, mobility, social media, and others. The service segment is further divided into professional services, implementation, and integration.

Based on deployment mode, the market is segmented into cloud and on-premise. On the basis of organization size, the market is divided into large enterprise and small and medium enterprise (SME).

On the basis of end user, the market is classified into BFSI, retail & e-commerce, government, healthcare, IT & telecom, automotive, and others. The regional breakdown and analysis of each of the aforesaid segments includes regions, such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

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Competitive Landscape:


The digital transformation market includes several market players, including Alphabet LLC, Microsoft Corporation, Amazon.com, Inc., Apple, Inc., IBM Corporation, SAP SE, Adobe, Inc., Cisco Sytems, Inc., Alibaba Group Holding Limited, Accenture Plc, and others. These market players opt for various business strategies, such as collaboration and product launches, to maintain their dominance in the global digital transformation market. 

Access full report: www.nextmsc.com/report/…ion-market

News From

Next Move Strategy ConsultingNext Move Strategy Consulting
Category: Technology Business Consultants  Profile: Next Move Strategy Consulting is a premier market research and management consulting firm committed to providing strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from. What makes Next Move different from the rest is its top-quality research and the obsession with turning data into knowledge by dissecting every bit of it and providing fact-based research recommendations that are supported by information ...

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