Global Digital Transformation Market to hit more than USD 431.71 billion by 2021

Sarasota, FL -- (SBWire) -- 04/29/2019 --The key vendors in the global digital transformation market are Oracle Corporation, Apple, EMC Corporation, IBM Corporation, CA Technologies, SAP AG, Microsoft Corporation, Adobe Systems, Google, and Hewlett-Packard (HP) among others. These players are set to drive the global digital transformation market to new heights in the years to come.

As per Zion Market Research, global digital transformation market was capitalized at almost USD 150.50 Billion in 2015 and is likely to cross USD 431.71 Billion by the end of 2021, developing at a CAGR of slightly more than 19.2% from 2016 to 2021.

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Increasing Mobile Application And Internet Usage To Elevate The Requirement For Digital Transformation Market In The Years To Come

"Companies such as Apple, Google, and SAP AG are investing shares in R&D for increasing the organic development of their organization, thereby boosting the global digital transformation market," as per the analysts at Zion Market Research. Hence, battle for creation of strong brands and attaining brand positioning has turned out to be a core factor to power the digital transformation market growth. These prominent players offer digital transformation solutions and develop new items or enhance their service offerings & products to satisfy the rising user need, consequently affect the digital transformation market positively. This strategy permits these firms to attract new users, validate the technology, and hold traditional users.

New product launches by these players also boost the profit margin for the digital transformation market. For example, in November 2017, Microsoft rolled out Azure location-supported services. This was a new azure cloud service to support the "location of things." This service empowered industrial transformation from manufacturing to retail & automotive as it included geographical info that can better link IoT solutions, smart cities, and infrastructure.

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In the retail sector, increasing mobile application and Internet usage are elevating the requirement for digital transformation market. Technological improvements in digital electronics paired with their rising application in different sectors such as automotive & construction are likely to elevate the digital transformation market growth in the years to come. Increasing market for AR devices such as eyeglasses, heads-up displays, and spatial AR is likely to boost digital transformation market.

Growing Online Payment Options And High Internet Penetration To Sustain The Digital Transformation Market Growth In North America In The Forecast Period

North America ruled the retail digital transformation market so far. Factors such as growing online payment options and high Internet penetration have had a noteworthy role in increasing the demand of digital transformation market in the region for retail digital information. Rising demand from small sized firms and surging service sector all over Asia Pacific are likely to power the charts of digital transformation market.

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The global digital transformation market is segmented as follows:

By Solution

Cloud computing
Big data
Mobility
Social media

By Solution Deployment

On premises
Hosted

By Vertical

BFSI
Healthcare
Telecom and IT
Automotive
Retail
Manufacturing

By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.