Security Concerns Associated with Digital Transformation to Impede the Market Growth

The demand for digital transformation is expected to reach US$ 2.3 Trillion in 2032, exhibiting a growth rate of 14.2%. The Y-o-Y for 2021-2022 is estimated at 19.1%.

The global digital transformation market is expected to garner absolute dollar growth of US$ 1.7 Trillion until 2032. The industry is expected to exhibit a growth rate of 23.6% from 2015 to 2021. In the forecast period, the Internet of Things segment, by technology, is expected to lead the market, exhibiting a CAGR of 13.8% during the forecast period from 2022-2032. Regionally, North America is likely to dominate the industry, with the U.S making the most significant contribution, garnering US$ 811.7 Billion by 2032. On the other hand, APAC is projected to be the fastest-growing region with China procuring US$ 134 Billion by 2032.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Digital Transformation market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Digital Transformation

This newly published and insightful report sheds light on Market Insights of Digital Transformation, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Digital Transformation Market.


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Report AttributesDetails
Anticipated Base Year Value (2021)USD 521.5 Bn
Expected Market Value (2022)USD 621.1 Bn
Projected Forecast Value (2032)USD 2.3 Tn
CAGR of the U.S Market (2022-2032)14.1%
Estimated Market Value of China (2032)USD 134 Bn
Growth Rate of U.K (2022-2032)13.7%
Market Size of Japan (2032)USD 118 Bn
Key Digital Transformation Market PlayersMicrosoftIBMSAPOracleGoogle

The global digital transformation market is expected to garner absolute dollar growth of US$ 1.7 Trillion until 2032. The industry is expected to exhibit a growth rate of 23.6% from 2015 to 2021. In the forecast period, the Internet of Things segment, by technology, is expected to lead the market, exhibiting a CAGR of 13.8% during the forecast period from 2022-2032. Regionally, North America is likely to dominate the industry, with the U.S making the most significant contribution, garnering US$ 811.7 Billion by 2032. On the other hand, APAC is projected to be the fastest-growing region with China procuring US$ 134 Billion by 2032.

Competitive Landscape

Organizations in the global digital transformation market are taking various initiatives to digitally transform their business. As the competition is rising, players are collaborating, partnering, and launching new products to gain a competitive edge. Some of the recent developments in the industry are as follows:

  • In October 2021, Siemens Smart Infrastructure acquired Wattsense, French hardware, and software firm that offers IoT management systems for small mid-sized buildings, bringing Siemens’ building product line to a new stage.
  • In August 2021, Kubota Corporation announced a strategic partnership with Accenture to enhance its digital transformation by transforming its business model to contribute to food, environmental, and water solutions. The partnership is likely to offer a platform for Kubota locally and globally by incorporating services that combine the digital technologies of Accenture, comprising AI and the IoT.

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Key Segments Covered in the Global Digital Transformation Market Study

  • Digital Transformation Market by Technology
    • Digital Transformation for Cloud Computing
    • Digital Transformation for Big Data and Analytics
    • Digital Transformation for Mobility/ Social Media
    • Digital Transformation for Cybersecurity
    • Digital Transformation for Artificial Intelligence
    • Digital Transformation for Internet of Things
    • Others
  • Digital Transformation Market by Deployment
    • Digital Transformation for Cloud
    • Digital Transformation for On-premises
  • Digital Transformation Market by Organization Size
    • Digital Transformation for SMEs
    • Digital Transformation for Large Enterprises
  • Digital Transformation Market by Vertical
    • Digital Transformation for BFSI
    • Digital Transformation for Retail and E-Commerce
    • Digital Transformation for IT and Telecom
    • Digital Transformation for Media and Entertainment
    • Digital Transformation for Manufacturing
    • Digital Transformation for Healthcare and Life Sciences
    • Digital Transformation for Education
    • Digital Transformation for Government and Defense
    • Others
  • Digital Transformation Market by Region
    • North America Digital Transformation
    • Europe Digital Transformation
    • APAC Digital Transformation
    • Latin America Digital Transformation

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Key Question answered in the survey of Digital Transformation market report:

  • Sales and Demand of Digital Transformation
  • Growth of Digital Transformation Market
  • Market Analysis of Digital Transformation
  • Market Insights of Digital Transformation
  • Key Drivers Impacting the Digital Transformation market
  • Which are the Key drivers impacted by Digital Transformation market
  • Restraints Digital Transformation Market Growth
  • Market Survey of Digital Transformation

More Valuable Insights on Digital Transformation Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Digital Transformation , Sales and Demand of Digital Transformation , analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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