Description
The
objective of this report is to define, describe, and forecast the market on the
basis of type, application, medical condition, and region. It provides detailed
information regarding the major factors influencing the growth of the market.
This report also tracks and analyzes competitive developments of the key
players in terms of market developments, product portfolios, and financials
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The
global digital transformation market is expected to reach USD 798.44 billion by
2025, according to a new study by Grand View Research, Inc. The increasing
necessity for the introduction of innovative solutions that are capable of
engaging customers or employees to integrate process, data, IT and business and
the increasing demand for the adoption of Internet of Things (IoT) are
propelling market growth.
Digital
transformation allows organizations to tackle disruptive changes such as
marketplace fluctuation, and corporate restructuring, among others, occurring
in their markets and customer base by designing new products, services, and
business models leveraging digitalization. These newly designed solutions are
generally a mix of digitally stored historical information about business
activities and the customers Furthermore, they facilitate the transformation of
traditional processes, business activities, and models to take advantage of the
upcoming changes and opportunities of digital technologies.
Moreover,
factors such as optimization of end-to-end customer experience and improvement
in operational flexibility are promoting the growth of digital transformation
along with the recognition of new revenue sources.
Further
Key Findings From the Study Suggest:
•
The hosted deployment segment is anticipated gain momentum owing to advantages
such as convenience, lower cost, and better security. The segment is estimated
to grow at a CAGR of 22.3% over the forecast period
•
The healthcare segment is presumed to find the highest growing application and
is estimated to grow at CAGR of 19.5% over the next eight years. This can be
attributed to the increasing focus of the healthcare providers towards
improving the patient care by implementing digital process and technology
•
North America accounted for the largest share in 2016 owing to growing customer
interaction through smart devices such as tablets, smartphones, and phablets,
among others in this region
•
Furthermore, the presence of leading players such as IBM Corp., CA
Technologies, and Hewlett Packard Enterprise Co, among others in the North
American region is a key factor contributing to the regional market dominance
•
The Asia Pacific regional market is expected to grow at the highest CAGR over
the next eight years. This can be attributed to the growing demand for the
application of the Internet of Things.
•
The key industry participants include SAP SE, IBM Corporation, Oracle
Corporation, Google Inc., Dell EMC, Hewlett Packard Enterprise Co., CA
Technologies, Microsoft Corporation, Adobe Systems Incorporated, Accenture plc,
Capgemini Group, Apple Inc., and Kellton Tech Solutions Ltd
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This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis
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Radiant
Insights is a market research and consulting company offering syndicated
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research studies are designed to facilitate strategic decision making, on the
basis of extensive and in-depth quantitative information, supported by
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industries such as Technology, Chemicals, Materials, and Energy. Radiant
Insights has a strong base of analysts, consultants and domain experts, with
global experience helping us deliver excellence in all research projects we
undertake
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