DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/k6sd75/global) has announced the addition of the "Global Digitization IT Spending Market 2015-2019" report to their offering.
The increasing need to improve customer experience and business sustainability has fueled the growth of digitization IT spending market. Digitization helps an organization reduce costs and improve business productivity. The digitization IT spending market is in its nascent stage, and Technavio's research analyst predicts the market to grow at a rate of 5% during the forecast period.
The BFSI segment accounted for the largest market share during 2014 and is expected to reach USD 53 billion by the end of the forecast period. As the products and services offered by banks are becoming digitized, this sector is seeing substantial investments in digital capabilities such as social media, mobile payments, and big data analytics. For instance, American Express is leveraging its digital capabilities and assets to improve customer segmentation and provide better offerings to targeted customers.
Digitization is the conversion of physical records into a digital format. Digitization has helped many businesses and governments to reduce paper records and printing needs. Hospitals are digitizing their patient records; governments are digitizing government-issued certificates such as medical and birth certificates; and the education sector has increased its usage of tablets.
According to the report, Organizations across all industries are undergoing major digital transformational changes. The inherent benefits of digitization such as better decision making, improved customer relationships, efficient resource planning, innovations in products and services, and cost savings are leading to increased adoption of digital technologies by organizations.
The leading vendors in the market are -
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
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