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Digital Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

June 2022 | 145 pages | ID: DEC2E30C9C09EN
IMARC Group

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The global digital transformation market reached a value of US$ 483.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,349.2 Billion by 2027, exhibiting a CAGR of 18.57% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Digital transformation refers to the organizational, operational and cultural change of an enterprise, industry or ecosystem through the integration of digital technologies. It involves the use of advanced technologies, such as robotics, 3D printing, artificial intelligence (AI) and additive manufacturing. Digital transformation is implemented through on-site or cloud software, hardware upgrades and digital experience platforms (DEP). These solutions aid in optimizing the process and competencies of the organization by digitally streaming the operations and improving the brand’s reputation, customer experience and client retention ratios. As a result, digital transformation finds extensive applications across various industries, including banking, financial services and insurance (BFSI), healthcare, information technology (IT), retail and transportation.
Digital Transformation Market Trends:

The global digital transformation market is primarily driven by rapid digitization and automation of various business processes. Small, medium and large-scale enterprises are increasingly adopting digital transformation solutions to gain a competitive edge and respond to the consumers in real-time. Moreover, widespread adoption of industrial robots and the advent of Industry 5.0 for enhancing the efficiency of smart factory systems is providing a thrust to the market growth. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and cloud computing solutions, are acting as other growth-inducing factors. These connected and data-rich technologies are embedded into the business operations that facilitate the enterprise to take actionable steps for improved and effective customer engagements. Other factors, including the increasing utilization of wireless communication technologies, along with extensive infrastructural developments, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital transformation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, deployment mode, enterprise size and end use industry.

Breakup by Type:

Solution
Analytics
Cloud Computing
Mobility
Social Media
Others
Service
Professional Services
Integration and Implementation

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:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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, and Siemens AG.

Key Questions Answered in This Report
1. What is the expected growth rate of the global digital transformation market during 2022-2027?
2. What are the key factors driving the global digital transformation market?
3. What has been the impact of COVID-19 on the global digital transformation market?
4. What is the breakup of the global digital transformation market based on the type?
5. What is the breakup of the global digital transformation market based on the deployment mode?
6. What is the breakup of the global digital transformation market based on the enterprise size?
7. What is the breakup of the global digital transformation market based on the end use industry?
8. What are the key regions in the global digital transformation market?
9. Who are the key players/companies in the global digital transformation market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL DIGITAL TRANSFORMATION MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Solution
  6.1.1 Market Trends
  6.1.2 Key Segments
    6.1.2.1 Analytics
    6.1.2.2 Cloud Computing
    6.1.2.3 Mobility
    6.1.2.4 Social Media
    6.1.2.5 Others
  6.1.3 Market Forecast
6.2 Service
  6.2.1 Market Trends
  6.2.2 Key Segments
    6.2.2.1 Professional Services
    6.2.2.2 Integration and Implementation
  6.2.3 Market Forecast

7 MARKET BREAKUP BY DEPLOYMENT MODE

7.1 Cloud-based
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 On-premises
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY ENTERPRISE SIZE

8.1 Large Enterprises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Small and Medium-sized Enterprises
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY END USE INDUSTRY

9.1 BFSI
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Manufacturing and Retail
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Government
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Healthcare
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 IT and Telecom
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6 Others
  9.6.1 Market Trends
  9.6.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Accenture PLC
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
    15.3.1.3 Financials
    15.3.1.4 SWOT Analysis
  15.3.2 Adobe Inc.
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
    15.3.2.3 Financials
    15.3.2.4 SWOT Analysis
  15.3.3 Capgemini SE
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
    15.3.3.3 Financials
    15.3.3.4 SWOT Analysis
  15.3.4 Cognizant
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
    15.3.4.3 Financials
    15.3.4.4 SWOT Analysis
  15.3.5 Dell Technologies Inc.
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
    15.3.5.3 Financials
    15.3.5.4 SWOT Analysis
  15.3.6 Google LLC (Alphabet Inc.)
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
    15.3.6.3 SWOT Analysis
  15.3.7 Hewlett Packard Enterprise Company
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
    15.3.7.3 Financials
    15.3.7.4 SWOT Analysis
  15.3.8 International Business Machines Corporation
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
    15.3.8.3 Financials
    15.3.8.4 SWOT Analysis
  15.3.9 Marlabs Inc.
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Microsoft Corporation
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
    15.3.10.3 Financials
    15.3.10.4 SWOT Analysis
  15.3.11 Oracle Corporation
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
    15.3.11.3 Financials
    15.3.11.4 SWOT Analysis
  15.3.12 SAP SE
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio
    15.3.12.3 Financials
    15.3.12.4 SWOT Analysis
  15.3.13 Siemens AG
    15.3.13.1 Company Overview
    15.3.13.2 Product Portfolio
    15.3.13.3 Financials
    15.3.13.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Digital Transformation Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Digital Transformation Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Digital Transformation Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 4: Global: Digital Transformation Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 5: Global: Digital Transformation Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 6: Global: Digital Transformation Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Digital Transformation Market: Competitive Structure
Table 8: Global: Digital Transformation Market: Key Players

LIST OF FIGURES

Figure 1: Global: Digital Transformation Market: Major Drivers and Challenges
Figure 2: Global: Digital Transformation Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Digital Transformation Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Digital Transformation Market: Breakup by Type (in %), 2021
Figure 5: Global: Digital Transformation Market: Breakup by Deployment Mode (in %), 2021
Figure 6: Global: Digital Transformation Market: Breakup by Enterprise Size (in %), 2021
Figure 7: Global: Digital Transformation Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Digital Transformation Market: Breakup by Region (in %), 2021
Figure 9: Global: Digital Transformation (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Digital Transformation (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Digital Transformation (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Digital Transformation (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Digital Transformation (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Digital Transformation (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Digital Transformation (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Digital Transformation (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Digital Transformation (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Digital Transformation (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Digital Transformation (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Digital Transformation (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Digital Transformation (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Digital Transformation (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Digital Transformation (Manufacturing and Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Digital Transformation (Manufacturing and Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Digital Transformation (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Digital Transformation (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Digital Transformation (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Digital Transformation (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Digital Transformation (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Digital Transformation (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Digital Transformation (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Digital Transformation (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: North America: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Canada: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Canada: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia-Pacific: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia-Pacific: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: China: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: China: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Japan: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Japan: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South Korea: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South Korea: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Australia: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Australia: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Indonesia: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Indonesia: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Europe: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Europe: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Germany: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Germany: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: France: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: France: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: United Kingdom: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: United Kingdom: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Italy: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Italy: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Spain: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Spain: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Russia: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Russia: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Latin America: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Latin America: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Brazil: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Brazil: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Mexico: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Mexico: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Middle East and Africa: Digital Transformation Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Middle East and Africa: Digital Transformation Market: Breakup by Country (in %), 2021
Figure 81: Middle East and Africa: Digital Transformation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Global: Digital Transformation Industry: SWOT Analysis
Figure 83: Global: Digital Transformation Industry: Value Chain Analysis
Figure 84: Global: Digital Transformation Industry: Porter's Five Forces Analysis


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