DUBLIN--(BUSINESS WIRE)--The "Digital Transformation Market by Component (Solution (Cloud Computing, Big Data & Analytics, Mobility, Disruptive Technologies, and Social Media) & Service), End User, Deployment Type (On-premise & Cloud), Vertical & Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The Digital Transformation Market is Projected to Grow from USD 205.99 Billion in 2017 to USD 493.39 Billion By 2022, at a CAGR of 19.1%
Innovation in businesses and changing customer preferences expected to drive the digital transformation market
Factors such as innovation in businesses, changing customer preferences, the rapid proliferation of mobile devices & apps, increasing penetration of IoT, and growing adoption of the cloud platform are expected to drive the digital transformation market. Security and privacy concerns for confidential data can restrain the growth of the market.
Based on component, the solution segment is estimated to lead the digital transformation market in 2017. The growth of this segment can be attributed to the increasing need for cloud computing, big data & analytics, mobility, disruptive technology, and social media.
Based on deployment type, the cloud segment is estimated to lead the digital transformation market in 2017 due to easy deployment, low deployment cost, and easy upgradeability and accessibility. The cloud-based deployment type enables easy access to data from desktops or any mobile device and provides various cost-saving benefits.
Based on end user, the enterprises segment is estimated to lead the digital transformation market in 2017, as enterprises increasingly opt for digital transformation solutions to improve their business process model and enhance their revenue.
Based on end user, the BFSI (banking, financial services & insurance) segment is estimated to lead the digital transformation market in 2017. The BFSI vertical incorporates high-end digital technology to make transactions secure, simple, and error free.
The digital transformation market has been studied for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific region has been widely implementing digital transformation solutions to significantly to improve and streamline business processes and facilitate informed business decision making.
Rising number of mobile device users, increasing use of social media analytics, and growing online commerce are some of the factors expected to fuel the growth of the digital transformation market in this region
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview And Industry Trends
6 Digital Transformation Market Analysis, By Component
7 Digital Transformation Market, By Deployment Type
8 Digital Transformation Market, By End User
9 Digital Transformation Market, By Vertical
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Accenture Plc
- Adobe Systems Incorporated
- CA Technologies
- Dell Emc
- Google Inc.
- Hewlett Packard Enterprise
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Sap Se
For more information about this report visit https://www.researchandmarkets.com/research/lfpstc/digital