DUBLIN--(BUSINESS WIRE)--The "North America Digital Transformation Market to 2025 - Regional Analysis and Forecasts by Components; Deployment Type; and End-User" report has been added to ResearchAndMarkets.com's offering.
The North America digital transformation market accounted for US$ 166.07 Bn in 2017 and is expected to grow at a CAGR of 22.1% over the forecast period 2018-2025, to account for US$ 757.63 Bn in 2025.
Factors including increasing demand for reaching masses across various industries are driving the growth of digital transformation market. However, data privacy issues might slow down the growth of North America digital transformation market growth. With the increasing competition, business is ensuring their digital presence and are efficiently utilizing digital technology to sustain in the market. Organizations in the present era, regardless of their size, are exploiting digital technologies for effective functioning and cost reduction.
Although digitalization is taking place on a vast scale, several SMEs currently are still skeptical about adopting it. Factors such as fear of risks, lack of true understanding, and expenditures incurred on new technologies among others may be responsible for the limited adoption. However, there are several open opportunities for SMEs prevailing in the digital world. They can help the SMEs to efficiently compete with larger enterprises as technology is significantly scalable and flexible.
Additionally, the adoption of the digital platform provides an opportunity of automating tasks by the adoption of technology. Highly skillful tasks can be automated through Machine Learning and Artificial Intelligence, thus, resulting in cost savings. Further, digitalization of processes helps in time-saving and reduction of errors, thereby improving the work quality. Owing to the mentioned advantages, adoption of digital solutions by SMEs is gaining pace, consequently, providing potential opportunities to the players the value chain of digital transformation market.
The North America digital transformation market is fragmented with the presence of several industries, and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the North America digital transformation market further.
For instance, Cybersecurity is one of the primary concern and is particularly an area of growing regulatory focus. Even the government institutions are prone to the cyber-attacks stealing the personal data of the users on the website. Therefore, the government in the respective countries are making regulatory norms to protect private as well as public. Recently, due to the information leaking by renowned social networking site Facebook, the government has taken severe measures against the same.
Many companies are focusing on reaching masses through a digital transformation, which is aiding the growth of digital transformation market. This factor is also creating opportunities for companies operating in the digital transformation market to gain a broader customer base. The increasing penetration of the internet and the growing popularity of social may also benefit companies in the US operating in digital transformation market.
Some of the players present in digital transformation market are
- IBM Corporation
- SAP SE
- Microsoft Corporation
- Oracle Corporation
- Adobe Systems
- Google, Inc.
- Dell, Inc.
- Cognizant technology solutions corporation
Key Topics Covered:
1.1 Scope of the Study
1.2 Reports Guidance
2. Key Takeaways
2.1 Us Holds the Largest Market Share in North America Digital Transformation Market in 2017
2.2 On-Premise is the Leading Segment in Deployment Type in 2017
3. North America Digital Transformation Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 PEST Analysis
3.3.1 North America PEST Analysis
4. North America Digital Transformation Market - Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Growing focus towards reaching masses through Digital Transformation Solutions is the major factor driving the growth of market
4.2 Key Market Restraints
4.2.1 Security and privacy concerns affecting adoption of digital solutions
4.3 Key Market Opportunities
4.3.1 Space for implementation across SMEs provides significant opportunity to the players in the value chain
4.4 Future Trends
4.4.1 Growing adoption Artificial Intelligence (AI) across industries
4.5 Impact Analysis Of Drivers And Restraints
5. Digital Transformation Market - North America Market Analysis
5.1 Digital Transformation Market - North America Market Overview
5.2 Digital Transformation Market - North America Market and Forecast to 2025
6. North America Digital Transformation Market Revenue And Forecasts To 2025 - Components
6.2 Components Market Forecasts And Analysis
6.3.2 Solutions Market Forecasts And Analysis
22.214.171.124 Big Data & Analytics
126.96.36.199 Artificial Intelligence
6.4.2 Services Market Forecasts And Analysis
188.8.131.52 Professional Services
184.108.40.206 Managed Services
7. Digital Transformation Market Revenue And Forecasts To 2025 - Deployment Type
7.2 Deployment type market forecasts and analysis
7.3 Cloud Market
7.4 On-Premise Market
8. Digital Transformation Market Revenue And Forecasts To 2025 - End-User
8.2 End-User Market Revenue and Forecasts Analysis
8.3 BFSI Market
8.4 Healthcare Market
8.5 Education Market
8.6 Retail Market
8.7 IT & Telecom Market
8.8 Logistics & Transportation Market
8.9 Manufacturing Market
8.10 Others Market
8.10.2 Others Market Revenue and Forecasts Analysis
9. North America Digital Transformation - Country Analysis
9.1.1 North America Digital Transformation Market Breakdown by Key Countries
220.127.116.11 U.S. Digital Transformation Market Revenue and Forecasts to 2025 (US$ Bn)
18.104.22.168 Canada Digital Transformation Market Revenue and Forecasts to 2025 (US$ Bn)
22.214.171.124 Mexico Digital Transformation Market Revenue and Forecasts to 2025 (US$ Bn)
10. Industry Landscape
10.1 Market Initiative
10.2 Mergers & Acquisitions
10.3 New Development
11. Competitive Landscape
11.1 Competitive Product Mapping
12. North America Digital Transformation Market- Key Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/2tjct4