The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
The global digital transformation market was valued at US$ 483.4 Billion in 2021.
We expect the global digital transformation market to exhibit a CAGR of 18.57% during 2022-2027.
The advent of Industry 5.0 trend across various industries, including BFSI, healthcare, IT, retail,
transportation, etc., to enhance the efficiency of smart factory systems, is primarily driving the global
digital transformation market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of digital
transformation for optimizing the processes and competencies of the organization by digitally streaming
the operations and improving the brand’s reputation, customer experience, and client retention rate.
Based on the type, the global digital transformation market has been segmented into solution and
service. Currently, solution holds the majority of the total market share.
Based on the deployment mode, the global digital transformation market can be divided into cloud-
based and on-premises, where on-premises currently exhibit a clear dominance in the market.
Based on the enterprise size, the global digital transformation market has been categorized into large
enterprises and small and medium-sized enterprises. Currently, large enterprises account for the
majority of the global market share.
Based on the end use industry, the global digital transformation market can be segmented into BFSI,
manufacturing and retail, government, healthcare, IT and telecom, and others. Among these, the BFSI
industry accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global digital transformation market include Accenture PLC, Adobe Inc.,
Capgemini SE, Cognizant, Dell Technologies Inc., Google LLC (Alphabet Inc.), Hewlett Packard Enterprise
Company, International Business Machines Corporation, Marlabs Inc., Microsoft Corporation, Oracle
Corporation, SAP SE, and Siemens AG.
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at