In the light of rapid technological advancements and the changing customer expectations, digital transformation business practices are expanding at a faster pace than ever. In the digital era, where banks are competing with non-financial technology giants and grocery stores are competing with e-tailers like Amazon, competition is not limited to the usual contenders. Companies are in dire need to digitize their business and get a grasp on their digital agenda in order to remain competitive. While the need to transform is inevitable for majority of businesses, most companies are at the early stages of figuring out the details. In order to build confidence among the management of a company that digital transformation will create value, the solution and service providers need to ensure a few early and easy victories. Additionally, the results need to demonstrate a balanced portfolio which can generate value for a broad range of executives and lines of business in addition to enhanced customer experience. The digital transformation market is expected to show sustainable growth in the forecast years given the broad spectrum of applications of the solutions and services. Presently, North American region accounts for the highest market revenue with high adoption rates. Currently, digital transformation is a top priority for every large enterprise that are obligated to offers their customers the same experience as they have with Amazon, Apple, or any other digital company. Moreover, small and medium enterprises show promising growth opportunity due to the continual disruptive innovations in cloud based solutions.  

“The largest share of current consumers is comprised of the population that grew up in the digital era. These customers expect to interact with all possible companies through easy-to-use mobile apps, including the ones in more established industries as well as the B2B sector. If someone wants to stay in profitable business they need to modernize the processes. High significance is being given to enhancing customer experience by empowering customer-facing employees to better and more quickly serve customers and developing new digital business models.” 

The detailed research study provides qualitative and quantitative analysis of digital transformation market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa and Latin America.

Global Digital Transformation Market (US$ Million) 2018, By Region 

Some of the players operating in the digital transformation market are Accenture PLC, Adobe, Atos SE, Capgemini, Cognex Corporation, Cognizant, Dell Inc., Deloitte Touche Tohmatsu Limited (DTTL), Hewlett Packard Enterprise Development LP, IBM Corporation, Microsoft, Oracle, PwC, SAP SE, and Siemens Product Lifecycle Management Software Inc. amongst others.

Digital Transformation Market:

By Component

• Solutions
• Services
  • Consulting Services
  • Professional Services
  • Managed Services

By Function

• Operations and Supply Chain
• Sales and Marketing
• Finance and Accounting
• Human Resource

By Organization Size

• Small and Medium Enterprises
• Large Enterprises

By End-User Vertical

• Automotive
• Aerospace and Defense
• Pharmaceuticals
• Consumer Goods and Retail
• Electrical and Electronics
• Government
• Others

By Geography

• North America
  • U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic
    • Denmark
    •  Finland
    •  Iceland
    • Norway
    • Sweden
    • Rest of Nordic
  • The Benelux Union
    • Belgium
    • the Netherlands
    • Luxemburg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • New Zealand
  • Southeast Asia
  • Rest of Asia Pacific
• Middle East and Africa
  • GCC Countries
  • Southern Africa
  • Rest of Middle East and Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin Americ