Digital Transformation Market to Grow at Double-Digit Rate, Forecasts M&M in New Report Available at MarketPublishers.com28 Nov 2016 • by Natalie Aster
LONDON – As of 2015, the world’s market for digital transformation was worth slightly more than USD 148 billion. It is set to continue experience growth in the offing to be worth approximately USD 392.2 billion by 2021. Its CAGR is forecast to be around 19% over the forecast period.
With the competition being high, profit margins are shrinking. So companies are looking for the ways to reduce expenses and increase their revenues.
Organizations are increasingly focusing on the sales analysis and market saturation in selected territories and gaps’ identification.
A combination of factors (e.g. higher growth of the IoT marketplace and the rising penetration of mobile devices and apps) drive this market. A lack of awareness of benefits that digitalization offers is one of major restraint of the worldwide space. And there are some challenges the marketplace has to overcome, such as a lack of resources and knowledge.
Yet this market can boast some opportunities, and a rise in the popularity of e-commerce represents one of the key ones.
In terms of deployment types, the market space is dominated by the cloud deployment segment. It is set to maintain this position in the coming years, as well.
In terms of regions, the swiftest growth is expected to come from APAC, with China showing the most rapid growth.
Vendor-wise, the worldwide space is reined by SAP AG, HP, CA Technologies, Apple, and more.
New research report “Digital Transformation Market - Global Forecast to 2021” worked out by M&M offers a comprehensive analysis of the worldwide digital transformation marketplace. The study provides a 360-degree overview of this rapidly increasing market. It sheds light on drivers and restraints of the marketplace.
The report also explores opportunities as well as challenges of the space. The research study examines the marketplace on the basis of different factors: end-users, deployment types, verticals, etc. It investigates major regions and limelights the competitive environment.
The research report looks at the competitive landscape and profiles leading companies. Forecasts through 2021 are on hand in the study, too.
More new reports by our partner can be found at M&M page.