Digital Transformation Market Size to Soar at a CAGR 13.4% to 2024: Growth Factors & Trends
According to this study, over the next five years the Digital Transformation market will register a 13.4% CAGR in terms of revenue, the global market size will reach US$ 470.5 million by 2024, from US$ 250.4 million in 2019. In particular, this report presents the global revenue market share of key companies in Digital Transformation business.
Selbyville, DE -- (SBWire) -- 05/08/2019 --Digital Transformation as the integration of digital technology into all areas of a business resulting in fundamental changes to how businesses operate and how they deliver value to customers. The rise of cloud computing, big data, Internet of Things (IoT), and artificial intelligence (AI) are driving a digital and intelligent transformation of enterprises. With the in-depth integration of IT and enterprises, profound changes will take place in the production method, enterprise organization, product mode, and service mode of the industry.
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Digital Transformation are mainly classified into the following types: Cloud Based, AI, LoT and Other. Cloud Based is the most widely used type which took up about 49.38% of the total in 2018 in Global. Digital Transformation have wide range of applications, such as Manufacturing, Retail, BFSI, Government, Healthcare, IT and Telecom. And Manufacturing was the most widely used area which took up about 56.49% of the global total in 2018.
Key components underscored in the Digital Transformation market report:
Profit predictions
Market propellers
Ongoing trends
Significant challenges
Consumption growth rate
Competitive profiling
Value growth rate
Competitive ranking analysis
Market concentration rate analysis
Market concentration ratio
Latent market aspirants
Regional classification
Expounding the regional outlook of the Digital Transformation market:
Digital Transformation Market Bifurcation: USA, Europe, Japan, China, India, South East Asia.
Insights incorporated in the market study have been framed with respect to the industry indicators:
Consumption statistics pertaining to the specified geographies
Market valuation of each region in the industry
Contribution of each territory in the industry with respect to market share
Consumption market share based on regional contribution
Consumption growth rate over the forecast period across geographies
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An exhaustive guideline of the Digital Transformation market in terms of the product & application landscape:
Product landscape:
Product types: Cloud Based, AI and Other
Top observations included in the report:
Product wise market share estimates
Expected revenue of each product type
Consumption (based on the growth rate and value) of all product types
Selling price of the product
Application landscape:
Application segmentation: BFSI, Government, Healthcare, IT and Telecom, Manufacturing, Retail and Others
Details highlighted in the report:
Application wise market share apportion
Market valuation estimates of included applications
Consumption market share affecting each application type
Other significant pointers encompassed in the report:
The study unveils the key market propellers that are known for fueling the commercialization landscape of the Digital Transformation market.
The report provides an in-depth analysis of these propellers that will persuade the revenue matrix of the Digital Transformation market.
The study presents data pertaining to the key challenges deterring market expansion.
The postulated challenges active in the current market setting are anticipated to help new entrants in securing a profitable position in the Digital Transformation market.
The report also emphasizes the risks dominating the market space and the abundant growth opportunities presented by the industry.
What does the competitive landscape of the Digital Transformation market imply?
Manufacturer base of the industry: IBM, Oracle, Google, Microsoft, Cisco, SAP SE, Dell, Hewlett Packard, Adobe Systems, Capgemini Group, Kelltontech Solutions, Accenture, Fujitsu, Hitachi, Alibaba and Huawei
Competitive overview outlined in the report includes:
Sales area and distribution
Organization profile
Organizational overview
Product pricing methodology
Market valuation of the particular player
Profit margins
Product sales figures
Besides the abovementioned indicators, the Digital Transformation market study also provides vital information pertaining to the market concentration ratio, that would possibly aid proactive competitors in defining the business strategy to outcompete other eminent players partaking in the business sphere.
Table of Contents:
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
3 Global Digital Transformation by Players
3.1 Global Digital Transformation Market Size Market Share by Players
3.1.1 Global Digital Transformation Market Size by Players (2017-2019)
3.1.2 Global Digital Transformation Market Size Market Share by Players (2017-2019)
3.2 Global Digital Transformation Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Digital Transformation by Regions
4.1 Digital Transformation Market Size by Regions
4.2 Americas Digital Transformation Market Size Growth
4.3 APAC Digital Transformation Market Size Growth
4.4 Europe Digital Transformation Market Size Growth
4.5 Middle East & Africa Digital Transformation Market Size Growth
5 Americas
5.1 Americas Digital Transformation Market Size by Countries
5.2 Americas Digital Transformation Market Size by Type
5.3 Americas Digital Transformation Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Digital Transformation Market Size by Countries
6.2 APAC Digital Transformation Market Size by Type
6.3 APAC Digital Transformation Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
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