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Digital Transformation Market is anticipated to show growth by 2027

Digital transformation market is the combination of different technologies that are used to transform a business, process, culture, and customer experience leveraging the power of digital technologies such as cloud computing, Internet of things, artificial intelligence, Big Data analytics, and others.

KiranGaikwad
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Digital Transformation Market is anticipated to show growth by 2027

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  1. Digital Transformation Market To Reach USD 1,051.12 Billion by 2026

  2. Market Summary: Rapid urbanization and digitization, dawn of technologies like ML, AI and cloud services, predictive maintenance, and superior performance compared to physical sensors, research and constant innovation are some of the factors driving the digital transformation market. Market Size – USD 261.94 Billion in 2018, Market Growth - CAGR of 18.2%, Market Trends – constant need for improvement for addressing the changing dynamic customer needs to propel the digital transformation market. According to the current analysis of Reports and Data, the global digital transformation market was valued at USD 261.94 Billion in 2018 and is expected to reach USD 1,051.12 Billion by the year 2026, at a CAGR of 18.2%.  The study provides an overall insight into the factors responsible for the growth in the Digital Transformation market. Further key findings from the report suggest • Digital transformation market is growing at a CAGR of 3% in Asia Pacific followed by North America and Europe. • The artificial intelligence segment is forecasted to have the fastest growth rate due to the increasing implementation of AI and ML in different end-user industries www.reportsanddata.com

  3. Key participants : IBM Corporation, Microsoft Corporation, SAP, Dell EMC, Google, Accenture PLC, CA Technologies, Cognizant, Adobe Systems, Oracle Corporation, Hewlett Packard Enterprise, HCL Technologies, TIBC Segmentation: • Component type (Revenue in USD Million; 2016–2026), Solution, Service • Technology (Revenue in USD Million; 2016–2026), Cloud Computing, Big Data & Analytics, Mobility/Social Media, Cybersecurity, Artificial Intelligence (AI), Internet of Things (IoT), Others • Business Function (Revenue in USD Million; 2016–2026), Customer Transformation, Workforce Transformation, Operational Transformation, Product Transformation • Deployment type (Revenue in USD Million; 2016–2026),On-Premises, Cloud, • Organization Size type (Revenue in USD Million; 2016–2026), Large Enterprises, Small and Medium Scale Enterprises • End-User (Revenue in USD Million; 2016–2026), BFSI, Government, Healthcare, IT & Telecom, Manufacturing, Retail, Others www.reportsanddata.com

  4. Regional Outlook for Digital Transformation Market analyzes the following geographies • North America (United States, Canada, and Mexico) • Europe (Germany, France, UK, Russia, and Italy) • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) • South America (Brazil, Argentina, Colombia, etc.) • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa www.reportsanddata.com

  5. The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period? www.reportsanddata.com

  6. About Us: Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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