Global Digital Transformation Market to Grow at 16.01% during 2025-2033, Impelled by Rapid Digitization of Numerous Business Processes

November 04, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "Digital Transformation Market Report by Type (Solution, Service), Deployment Mode (Cloud-based, On-premises), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), End-Use Industry (BFSI, Manufacturing and Retail, Government, Healthcare, IT and Telecom, and Others), and Region 2025-2033," the global digital transformation market reached a value of USD 809.1 Billion in 2024. Digital transformation refers to the operational and organizational change in an enterprise that enhances its brand reputation, customer experience and customer retention ratios through the integration of digital technologies with several business processes. It assists organizations in changing their overall operational performance with the deployment of robotics, artificial intelligence (AI), 3D printing, and additive manufacturing. It involves the use of on-site or cloud software and digital experience platforms (DEP) to adapt to the shifting technological landscape efficiently. As a result, it is widely used across the retail, transportation, healthcare, information technology (IT), and banking, financial services and insurance (BFSI) sectors.

Global Digital Transformation Market Trends:

The market is majorly driven by rapid digitization across the corporate segment. With continual automation of multiple business processes and the rising preference for remote working models across the globe, numerous small, medium and large-scale enterprises are widely deploying digital transformation solutions to gain a competitive edge, to offer effective customer engagements and provide a seamless experience to their clients. This is further supported by the continual technological advancements, such as the increasing integration of connected devices with the Internet of Things (IoT) and cloud computing solutions, which is providing an impetus to the market growth. Moreover, the introduction of industrial robots, along with the advent of Industry 5.0 to improve the overall efficiency of smart factory systems, is expected to create a positive outlook for the market. Some of the other factors contributing to the market growth include the rising preference for wireless communication technologies and extensive research and development (R&D) activities. Looking forward, the market value is projected to reach USD 3,571.7 Billion by 2033, expanding at a CAGR of 16.01% during 2025-2033.

Market Summary:

On the basis of the type, the market has been bifurcated into solution (analytics, cloud computing, mobility, social media, and others) and service (professional services, and integration and implementation).
Based on the deployment mode, the market has been bifurcated into cloud-based and on-premises.
On the basis of the enterprise size, the market has been classified into large enterprises, and small and medium-sized enterprises.
Based on the end use industry, the market has been segmented into BFSI, manufacturing and retail, government, healthcare, IT and telecom, and others.
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players 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.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Deployment Mode, Enterprise Size, End Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Digital Transformation Market to Grow at 16.01% during 2025-2033, Impelled by Rapid Digitization of Numerous Business Processes

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