The global digital transformation market
Digital transformation across industries addresses several global issues within industries, including companies modernizing their supply chains, data-driven planning, and help companies gain a competitive advantage over their competitors. Through the software, digital transformation enables businesses to enhance their brand presence, customer experience, and customer retention rates. Organizations are gradually implementing digitalization to succeed in the rapidly changing technology world and address abrupt changes in the sector.
Internet Of Things Development
IoT is fueling the expansion of digital transformation across sectors. To increase productivity and decrease downtime, it transforms how industries approach the increasingly complex systems and machines they use. Smart industrial automation, also known as Industry 4.0 and IoT, is a new technical technique for creating, managing, and controlling the entire logistical chain.
Digitizing Enterprise Business Functions
Advanced technologies such as cloud, IoT, big data and analytics, mobility, and social media are driving innovation and changing the business landscape, leading to increased revenue. Digital transformation is about introducing digital technology into your business processes to change how you use technology and resources to deliver better value to your customers. Companies worldwide are accelerating their digital transformation through migration to the cloud, modernization of legacy IT infrastructure, IoT and more. For example, major cloud providers such as Microsoft Azure, Google Cloud, and Amazon Web Services (AWS) are investing billions of dollars in upgrading their cloud infrastructure, for improving redundancy, security and expanding busniness functionality.
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Market Segmentation
Global
Growing Need For Industrial Automation
Companies in the market are also expanding their offerings by adding new features to automation lifecycle management, workload management, credential management, SLA-based automation, Citrix Automation, and new data APIs. Such improvements will attract new industries seeking more advanced operational and security capabilities.Hence diriving the growth in the market.
Market player
Recent Development
In September 2021, SAP SE launched "Rise with SAP," a digital product that would make it possible for businesses and customers to use technology for digital transformation. It is a collection of subscription services that combines a number of services and product offers.
In October 2018, a prominent provider of digital solutions, Oracle Corporation, purchased the California-based artificial intelligence firm DataFox Intelligence, Inc. Oracle will provide businesses with AI-based enterprise data management into cloud apps as a result of this acquisition.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
Report coverage | Revenue forecast, company share, growth factors, and trends |
Segments covered | · By Technology · By End Use · By Deployment |
Regional scope | North America,Asia-Pacific, Europe, South America, Middle East |
Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Russia, Spain, Belgium, Italy, Brazil, Colombia, Argentina, Peru, Chile,, Saudi Arabia, South Africa, UAE, Israel, Turkey |
Key companies profiled | Amazon Web Services, Oracle Corporation, Microsoft Corporation, VMware, Inc., SAP SE, IBM Corporation, Salesforce.com Inc., HCL Technologies Limited, Wipro Limited , Accenture plc |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |