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Digital Transformation Market by Component, Technology (Cloud Computing, Big Data & Analytics, Mobility & Social Media Management, Cybersecurity, AI), Deployment Mode, Organization Size, Business Function, Vertical and Region - Global Forecast to 2027

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Date: 25-Aug-2022
No. of pages: 322
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The global digital transformation market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period, to reach USD 1,548.9 Billion by 2027 from USD 594.5 Billion in 2022. The key elements anticipated to propel the adoption of digital transformation market technology throughout the forecast period are rising expenditure on marketing efforts, rising spending on television commercials, and changing consumer intelligence landscapes. In addition, the use of digital technology has led to developments that are reflected in the Digital Transformation Market. During the projection period, the adoption of the digital transformation market will increase due to its use across organizational processes, companies, competencies, and procedures.

The improvement of organizational functions, workforce optimization, and conversion of an organization's offerings and services are all achieved with the help of the digital transformation market, which is anticipated to fuel the market's expansion in the years to come. Manufacturers now require digitalization due to the development of digital technologies such as big data & analytics, cloud computing, blockchain, mobility, AI, robotics, IoT, and cybersecurity. These innovations are also used by businesses to enhance client relationships and add new features to their existing business processes, which is causing businesses to adopt digital transformation.

The AI technology to have the highest CAGR during the forecast period

By technology, the digital transformation market has been segmented into cloud computing, big data & analytics, mobility & social media management, cybersecurity, AI, IoT and other technologies. The CAGR of the AI technology is estimated to be the largest during the forecast period. The use of advanced technologies such as cloud, IoT, big data & analytics, mobility & social media management, AI and cybersecurity had led to innovate and transformation, stimulating the growth of business ecosystem. In the market for digital transformation, AI increases consumer satisfaction, which accelerates the market adoption of AI technology. The rise of artificial intelligence had changed how data is gathered and evaluated.

The Large Enterprises segment to register for the largest market size during the forecast period

The digital transformation market has been segmented by organization size into large enterprises and SMEs. The market for Large Enterprises is expected to register for the largest market size during the forecast period. Solutions for digital transformation are used by large businesses to improve operational effectiveness and consumer experiences. To develop a data-driven strategy, they must integrate, categorize, and evaluate a vast amount of data from many operations.

Among business functions, Other business functions is register to grow at highest CAGR during the forecast period

Legal, supply chain, and operations are included under other business functions. The legal industry must digitally alter all aspects of the legal experience, including service delivery, workflows, processes, team communications, and client involvement. The efficiency and workflow at a traditional law firm could seem slower than what clients expect from contemporary digital technologies, which provide instant satisfaction. Businesses are utilizing digital technology to share assets and information in unique ways related to the supply chain. The capabilities of the technologies that are accessible to organisations have a significant impact on the rate of supply chain digitalization. A s developers designed applications to benefit from the data produced by ERP systems, one of the first business functions to experience substantial technical advancements is supply chain management.

Breakdown of primaries

In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the digital transformation market.


  • By Company: Tier I: 35%,Tier II: 45%, and Tier III: 20%

  • By Designation: C-Level Executives: 35%, D-Level Executives: 25%, and Managers: 40%

  • By Region: APAC: 25%, Europe: 30%, North America: 30%, MEA: 10%, Latin America: 5%


The report includes the study of key players offering digital transformation solutions and services. It profiles major vendors in the global digital transformation market. The major vendors in the global digital transformation market include Microsoft (US), SAP (Germany), Baidu (China), Adobe Systems (US), Alibaba (China), IBM (US), Google (US), Marlabs (US), Salesforce (US), Broadcom (CA Technologies) (US), Equinix (US), Oracle (US), Hewlett Packard Enterprise (US), HCL Technologies (India), Tibco Software (US), Alcor Solutions (US), Smartstream (US), Yash Technologies (US), Interfacing (US), Kissflow (India), eMudhra (India), ProcessMaker (US), Process Street (US), Happiest Minds (India), Scoro (UK), Dempton Consulting Group (Canada), Brillio (US), and Aexonic Technologies (India).

Research Coverage

The market study covers the digital transformation market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as components, technology, deployment mode, organization size, business function, vertical, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall digital transformation market and its sub segments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Digital Transformation Market by Component, Technology (Cloud Computing, Big Data & Analytics, Mobility & Social Media Management, Cybersecurity, AI), Deployment Mode, Organization Size, Business Function, Vertical and Region - Global Forecast to 2027

Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions And Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered
1.4 Currency Considered
Table 1 United States Dollar Exchange Rate, 2019–2021
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Digital Transformation Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
Table 2 List Of Primary Interviews
2.1.2.1 Breakup Of Primary Sources
2.1.2.2 Key Industry Insights
2.2 Data Triangulation
Figure 2 Data Triangulation
2.3 Market Size Estimation
Figure 3 Market: Top-Down And Bottom-Up Approaches
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology-Approach 1 (Supply Side): Revenue Of Solutions/Services Of Market
Figure 5 Market Size Estimation Methodology-Approach 2 - Bottom-Up (Supply Side): Collective Revenue Of All Solutions/Services Of Digital Transformation Market
Figure 6 Market Size Estimation Methodology-Approach 3, Bottom-Up Supply-Side): Collective Revenue From All Software/Services Of Market
Figure 7 Market Size Estimation Methodology-Approach 4, Bottom-Up (Demand-Side): Share Of Digital Transformation Through Overall Digital Transformation Spending
2.4 Market Forecast
Table 3 Factor Analysis
2.5 Company Evaluation Matrix
Figure 8 Company Evaluation Matrix: Criteria Weightage
2.6 Startup/Sme Evaluation Matrix Methodology
Figure 9 Startup/Sme Evaluation Matrix: Criteria Weightage
2.7 Study Assumptions
2.8 Study Limitations

3 Executive Summary
Table 4 Global Digital Transformation Market Size And Growth Rate, 2016–2021 (Usd Million, Y-O-Y %)
Table 5 Global Market Size And Growth Rate, 2022–2027 (Usd Million, Y-O-Y %)
Figure 10 Solutions Segment To Account For Larger Market Share In 2022
Figure 11 Consulting Segment To Account For Largest Market Share In 2022
Figure 12 Mobility & Social Media Management Segment To Dominate Market In 2022
Figure 13 Cloud Segment To Account For Larger Market In 2022
Figure 14 Large Enterprises Segment To Dominate Market In 2022
Figure 15 Banking, Financial Services, And Insurance Segment To Account For Largest Market Share In 2022
Figure 16 Marketing & Sales Segment To Account For Largest Market Share In 2022
Figure 17 North America To Account For Largest Market Share In 2022

4 Premium Insights
4.1 Attractive Opportunities For Players In Digital Transformation Market
Figure 18 Demand For Personalized Digital Transformation To Drive Market Growth During Forecast Period
4.2 Market: By Region
Figure 19 North America To Account For Largest Market Share In 2022
4.3 Market: Top Three Technologies
Figure 20 Banking, Financial Services, And Insurance Segment To Account For Largest Market Size During Forecast Period
4.4 Market, By Technology And Vertical
Figure 21 Mobility & Social Media Management And Banking, Financial Services, And Insurance Segments To Account For Large Shares By 2027

5 Market Overview And Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 22 Drivers, Restraints, Opportunities, And Challenges: Digital Transformation Market
5.2.1 Drivers
5.2.1.1 Rising Adoption Of Big Data And Other Related Technologies
5.2.1.2 Advent Of Ml And Digital Transformation
5.2.1.3 Cost Benefits Of Cloud-Based Digital Transformation Solutions
5.2.1.4 Rapid Proliferation Of Mobile Devices And Apps
5.2.1.5 Adoption And Scaling Of Digital Initiatives
5.2.2 Restraints
5.2.2.1 Changing Regional Data Regulations To Lead To Time-Consuming Restructuring Of Predictive Models
5.2.2.2 Data Security Concerns
5.2.2.3 Issues About Privacy And Security Of Information
5.2.3 Opportunities
5.2.3.1 Rising Internet Proliferation And Growing Usage Of Connected And Integrated Technologies
5.2.3.2 Demand For Personalized Digital Transformation
5.2.3.3 Increasing Willingness Of Organizations To Use Digital Technology
5.2.4 Challenges
5.2.4.1 Integration Of Data From Data Silos
5.2.4.2 Issues Related To It Modernization
5.2.4.3 Ownership And Privacy Of Collected Data
5.3 Digital Transformation: Evolution
Figure 23 Evolution Of Digital Transformation
5.4 Ecosystem
Table 6 Digital Transformation Market: Ecosystem
5.5 Case Study Analysis
5.5.1 Banking, Financial Services, And Insurance
5.5.1.1 Case Study 1: Cognizant’s Ai And Automation Solution Helped Insurance Company Improve Insurance Claims Process
5.5.1.2 Case Study 2: Microsoft Azure Platform Enabled Milliman Consulting To Improve Its Business Models
5.5.1.3 Case Study 3: Bse Made Real-Time Decisions And Reduced Operational Costs With Cloudera Solutions
5.5.2 Telecommunication
5.5.2.1 Case Study 1: American Telecommunication Service Provider (Tsp) Collaborated With Hcl To Refine Its Digital Journey
5.5.2.2 Case Study 2: A1 Srbija Accelerated 5g, Revolutionizing Digital Services With Hpe Solutions
5.5.3 Retail & Ecommerce
5.5.3.1 Case Study 1: Asos Used Microsoft Azure Ml Service To Reduce Time-To-Market For Recommendations Model
5.5.3.2 Case Study 2: Walmart Optimized Shopping Experience By Applying Data Mining
5.5.3.3 Case Study 3: Docomo Digital Categorized User Behavior And Improved Campaign Targeting By Deploying Cloudera Solutions
5.5.4 Energy & Utilities
5.5.4.1 Case Study 1: Searcher Seismic Made Easy Access In Oil & Gas Industry With Cloudera Solutions
5.5.4.2 Case Study 2: Technipfmc Created Data Centralization By Deploying Cloudera Solutions
5.5.5 Transportation & Logistics
5.5.5.1 Case Study 1: Scania Made Decisions Related To Route Diversions With Cloudera Based On Live Streaming Traffic Information
5.5.6 Healthcare & Life Sciences
5.5.6.1 Case Study 1: Leading Healthcare Company Adopted Cognizant’s Ai-Driven Solution To Identify Drug-Seeking Behavior
5.5.6.2 Case Study 2: Inspire Used Ml To Connect Millions Of Patients And Caregivers On Aws
5.5.7 Manufacturing
5.5.7.1 Case Study 1: Ibm Helped Shenzhen Csot Boost Production Quality And Throughput
5.5.7.2 Case Study 2: Dell Built 360-Degree Customer View With Cloudera Enterprise
5.5.8 Education
5.5.8.1 Case Study 1: Happiest Minds Used Data Modeling To Predict Student Performance And Track Drop-Out Rates
5.5.9 Media & Entertainment
5.5.9.1 Case Study 1: Leading Media Conglomerate Adopted Hcl’s Digital Transformation Solution To Redefine User Experience Through Human-Centric Design
5.5.9.2 Case Study 2: Gaia Boosted Subscriber Engagement And Data-Driven Decision-Making
5.5.10 Government & Defense
5.5.10.1 Case Study 1: Oanda Provided Real-Time Access To Foreign Exchange Trading Market By Moving To Equinix’s Ty3 Facility
5.5.10.2 Case Study 2: Dubai Government Monetized And Harnessed Real-Time Data For Community Benefit With Cloudera
5.6 Technology Analysis
5.6.1 Artificial Intelligence And Digital Transformation
5.6.2 Machine Learning And Digital Transformation
5.6.3 Internet Of Things And Digital Transformation
5.6.4 Cloud Computing And Digital Transformation
5.7 Market Analysis By Application
5.7.1 Customer Transformation
5.7.2 Workforce Transformation
5.7.3 Operational Transformation
5.7.4 Product Transformation
5.8 Supply/Value Chain Analysis
Figure 24 Supply/Value Chain Analysis
5.9 Porter’s Five Forces Analysis
Figure 25 Digital Transformation Market: Porter’s Five Forces Analysis
Table 7 Market: Porter’s Five Forces Analysis
5.9.1 Threat Of New Entrants
5.9.2 Threat Of Substitutes
5.9.3 Bargaining Power Of Suppliers
5.9.4 Bargaining Power Of Buyers
5.9.5 Intensity Of Competitive Rivalry
5.10 Pricing Model Analysis
5.11 Patent Analysis
5.11.1 Methodology
5.11.2 Document Type
Table 8 Patents Filed, 2018–2021
5.11.3 Innovation And Patent Applications
Figure 26 Total Number Of Patents Granted Annually, 2018–2021
5.11.3.1 Top Applicants
Figure 27 Top Ten Companies With Highest Number Of Patent Applications, 2018–2021
Table 9 Top Ten Patent Owners (Us) In Digital Transformation Market, 2018–2021
5.12 Key Conferences & Events In 2022-2023
Table 10 Market: List Of Conferences & Events
5.13 Tariff And Regulatory Landscape
5.13.1 Regulatory Bodies, Government Agencies, And Other Organizations
Table 11 North America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 12 Europe: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 13 Asia Pacific: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 14 Middle East & Africa: List Of Regulatory Bodies, Government Agencies, And Other Organizations
Table 15 Latin America: List Of Regulatory Bodies, Government Agencies, And Other Organizations
5.13.2 North America: Regulations
5.13.2.1 Personal Information Protection And Electronic Documents Act (Pipeda)
5.13.2.2 Gramm-Leach-Bliley (Glb) Act
5.13.2.3 Health Insurance Portability And Accountability Act (Hipaa) Of 1996
5.13.2.4 Federal Information Security Management Act (Fisma)
5.13.2.5 Federal Information Processing Standards (Fips)
5.13.2.6 California Consumer Privacy Act (Cspa)
5.13.3 Europe: Tariffs And Regulations
5.13.3.1 Gdpr 2016/679 Eu Regulation
5.13.3.2 General Data Protection Regulation
5.13.3.3 European Committee For Standardization (Cen)
5.13.3.4 European Technical Standards Institute (Etsi)
5.14 Key Stakeholders & Buying Criteria
5.14.1 Key Stakeholders In Buying Process
Table 16 Influence Of Stakeholders In Buying Process For Top Three Technologies (%)
5.14.2 Buying Criteria
Table 17 Key Buying Criteria For Top Three Technologies
5.15 Best Practices
5.15.1 Synchronize Efforts
5.15.2 Align Staff From Start
5.15.3 Look Through Perspective Of Customers
5.15.4 Leverage Latest Technology
5.16 Value Proposition – By Industry
Table 18 Value Proposition

6 Digital Transformation Market, By Component
6.1 Introduction
6.1.1 Component: Market Drivers
Figure 28 Services Segment To Grow At Higher Cagr During Forecast Period
Table 19 Market, By Component, 2016–2021 (Usd Million)
Table 20 Market, By Component, 2022–2027 (Usd Million)
6.2 Solutions
6.2.1 Digital Transformation Solutions Are Used Across All Sectors To Digitize Process
Table 21 Solutions: Market, By Region, 2016–2021 (Usd Million)
Table 22 Solutions: Market, By Region, 2022–2027 (Usd Million)
6.3 Services
6.3.1 Complex Algorithms Of Advanced Technologies Providing Online And Offline Support Services To Ai Vendors
Table 23 Market, By Service, 2016–2021 (Usd Million)
Table 24 Market, By Service, 2022–2027 (Usd Million)
Table 25 Services: Market, By Region, 2016–2021 (Usd Million)
Table 26 Services: Market, By Region, 2022–2027 (Usd Million)
6.4 Consulting
Table 27 Consulting: Digital Transformation Market, By Region, 2016–2021 (Usd Million)
Table 28 Consulting: Market, By Region, 2022–2027 (Usd Million)
6.5 Deployment & Integration
Table 29 Deployment & Integration: Market, By Region, 2016–2021 (Usd Million)
Table 30 Deployment & Integration: Market, By Region, 2022–2027 (Usd Million)
6.6 Support & Maintenance
Table 31 Support & Maintenance: Market, By Region, 2016–2021 (Usd Million)
Table 32 Support & Maintenance: Market, By Region, 2022–2027 (Usd Million)

7 Digital Transformation Market, By Technology
7.1 Introduction
7.1.1 Technology: Market Drivers
Figure 29 Artificial Intelligence Segment To Grow At Highest Cagr During Forecast Period
Table 33 Market, By Technology, 2016–2021 (Usd Million)
Table 34 Market, By Technology, 2022–2027 (Usd Million)
7.2 Cloud Computing
7.2.1 Need For Data Security, Faster Disaster Recovery, And Meeting Compliance Requirements To Drive Market Growth
Table 35 Cloud Computing: Market, By Region, 2016–2021 (Usd Million)
Table 36 Cloud Computing: Market, By Region, 2022–2027 (Usd Million)
7.3 Artificial Intelligence
7.3.1 Customer Satisfaction Enhancement And Increased Productivity To Drive Market Growth
Table 37 Artificial Intelligence: Digital Transformation Market, By Region, 2016–2021 (Usd Million)
Table 38 Artificial Intelligence: Market, By Region, 2022–2027 (Usd Million)
7.4 Big Data & Analytics
7.4.1 Rising Unstructured Data And Need To Optimize Large Data Workloads To Lead To Advancements In Big Data & Analytics
Table 39 Big Data & Analytics: Market, By Region, 2016–2021 (Usd Million)
Table 40 Big Data & Analytics: Market, By Region, 2022–2027 (Usd Million)
7.5 Mobility & Social Media Management
7.5.1 Expanding Mobile Workforce, Rising Security Concerns, And Proliferating Mobile Applications To Lead To Market Advancements
Table 41 Mobility & Social Media Management: Market, By Region, 2016–2021 (Usd Million)
Table 42 Mobility & Social Media Management: Market, By Region, 2022–2027 (Usd Million)
7.6 Cybersecurity
7.6.1 Growing Cyberattacks, Data Breaches, And Identity Thefts To Lead To Increased Demand For Cybersecurity
Table 43 Cybersecurity: Digital Transformation Market, By Region, 2016–2021 (Usd Million)
Table 44 Cybersecurity: Market, By Region, 2022–2027 (Usd Million)
7.7 Internet Of Things
7.7.1 Internet Of Things To Help Organizations Increase Operational Efficiency And Provide Proficient Customer Service
Table 45 Internet Of Things: Market, By Region, 2016–2021 (Usd Million)
Table 46 Internet Of Things: Market, By Region, 2022–2027 (Usd Million)
7.8 Other Technologies
Table 47 Other Technologies: Market, By Region, 2016–2021 (Usd Million)
Table 48 Other Technologies: Market, By Region, 2022–2027 (Usd Million)

8 Digital Transformation Market, By Deployment Type
8.1 Introduction
8.1.1 Deployment Type: Market Drivers
Figure 30 Cloud Segment To Grow At Higher Cagr During Forecast Period
Table 49 Market, By Deployment Type, 2016–2021 (Usd Million)
Table 50 Market, By Deployment Type, 2022–2027 (Usd Million)
8.2 On-Premises
8.2.1 Security Concerns Over Sensitive Data To Drive Adoption Of On-Premises Solutions
Table 51 On-Premises: Market, By Region, 2016–2021 (Usd Million)
Table 52 On-Premises: Market, By Region, 2022–2027 (Usd Million)
8.3 Cloud
8.3.1 Availability Of Subscription-Based Cloud Solutions To Offer Flexibility And Ease Of Adoption To End Users
Table 53 Cloud: Market, By Region, 2016–2021 (Usd Million)
Table 54 Cloud: Market, By Region, 2022–2027 (Usd Million)

9 Digital Transformation Market, By Organization Size
9.1 Introduction
9.1.1 Organization Size: Market Drivers
Figure 31 Small And Medium-Sized Enterprises Segment To Grow At Higher Cagr During Forecast Period
Table 55 Market, By Organization Size, 2016–2021 (Usd Million)
Table 56 Market, By Organization Size, 2022–2027 (Usd Million)
9.2 Small And Medium-Sized Enterprises
9.2.1 Increased Competitive Market Scenario Prompting Small And Medium-Sized Enterprises To Invest In Digital Transformation
Table 57 Small And Medium-Sized Enterprises: Market, By Region, 2016–2021 (Usd Million)
Table 58 Small And Medium-Sized Enterprises: Market, By Region, 2022–2027 (Usd Million)
9.3 Large Enterprises
9.3.1 Digital Transformation Of Large Enterprises To Help Achieve Unique Value Proposition For Businesses
Table 59 Large Enterprises: Market, By Region, 2016–2021 (Usd Million)
Table 60 Large Enterprises: Market, By Region, 2022–2027 (Usd Million)

10 Digital Transformation Market, By Business Function
10.1 Introduction
10.1.1 Business Function: Market Drivers
Figure 32 Other Business Functions Segment To Grow At Highest Cagr During Forecast Period
Table 61 Market, By Business Function, 2016–2021 (Usd Million)
Table 62 Market, By Business Function, 2022–2027 (Usd Million)
10.2 Digital Transformation: Enterprise Use Cases
10.3 Finance
10.3.1 Advanced Technologies To Generate New Possibilities And Accelerate Revolution Of Finance Across Businesses
Table 63 Finance: Market, By Region, 2016–2021 (Usd Million)
Table 64 Finance: Market, By Region, 2022–2027 (Usd Million)
10.4 Information Technology
10.4.1 Rapid Adoption Of Digital Transformation Solutions To Help Maintain Data Confidentiality And Integrity
Table 65 Information Technology: Digital Transformation Market, By Region, 2016–2021 (Usd Million)
Table 66 Information Technology: Market, By Region, 2022–2027 (Usd Million)
10.5 Human Resources
10.5.1 Digital Transformation In Human Resources To Provide Enhanced Data-Driven Judgement And Improved Staff Engagement
Table 67 Human Resource: Market, By Region, 2016–2021 (Usd Million)
Table 68 Human Resource: Market, By Region, 2022–2027 (Usd Million)
10.6 Marketing & Sales
10.6.1 Digital Transformation In Sales & Marketing To Provide Wider Marketing Insights And Customer Data
Table 69 Marketing & Sales: Market, By Region, 2016–2021 (Usd Million)
Table 70 Marketing & Sales: Market, By Region, 2022–2027 (Usd Million)
10.7 Other Business Functions
Table 71 Other Business Functions: Market, By Region, 2016–2021 (Usd Million)
Table 72 Other Business Functions: Market, By Region, 2022–2027 (Usd Million)

11 Digital Transformation Market, By Vertical
11.1 Introduction
11.1.1 Vertical: Market Drivers
Figure 33 Banking, Financial Services, And Insurance Vertical To Account For Largest Market Size During Forecast Period
Table 73 Market, By Vertical, 2016–2021 (Usd Million)
Table 74 Market, By Vertical, 2022–2027 (Usd Million)
11.2 Banking, Financial Services, And Insurance
11.2.1 Improved Business Performance And Reduced Cost To Boost Demand For Digital Transformation Solutions
Table 75 Banking, Financial Services, And Insurance: Use Cases
Table 76 Banking, Financial Services, And Insurance: Market, By Region, 2016–2021 (Usd Million)
Table 77 Banking, Financial Services, And Insurance: Market, By Region, 2022–2027 (Usd Million)
11.3 Retail & Ecommerce
11.3.1 Adoption Of Digital Transformation Solutions To Boost Business Decision Performance And Profit Margins
Table 78 Retail & Ecommerce: Use Cases
Table 79 Retail & Ecommerce: Digital Transformation Market, By Region, 2016–2021 (Usd Million)
Table 80 Retail & Ecommerce: Market, By Region, 2022–2027 (Usd Million)
11.4 Information Technology/Information Technology-Enabled Services
11.4.1 Digitalizing Business Processes To Meet Growing Customer Demands To Drive Market
Table 81 Information Technology/Information Technology-Enabled Services: Use Cases
Table 82 Information Technology/Information Technology-Enabled Services: Market, By Region, 2016–2021 (Usd Million)
Table 83 Information Technology/Information Technology-Enabled Services: Market, By Region, 2022–2027 (Usd Million)
11.5 Media & Entertainment
11.5.1 Rising Content Consumption, Digital Entertainment, And Cloud Adoption To Generate Demand For Digital Transformation
Table 84 Media & Entertainment: Use Cases
Table 85 Media & Entertainment: Digital Transformation Market, By Region, 2016–2021 (Usd Million)
Table 86 Media & Entertainment: Market, By Region, 2022–2027 (Usd Million)
11.6 Manufacturing
11.6.1 Adoption Of Digital Transformation With New Technologies To Boost Performance And Improve Decision-Making
Table 87 Manufacturing: Use Cases
Table 88 Manufacturing: Market, By Region, 2016–2021 (Usd Million)
Table 89 Manufacturing: Market, By Region, 2022–2027 (Usd Million)
11.7 Healthcare, Life Sciences & Pharmaceuticals
11.7.1 Real-Time Decision-Making To Deliver Proper Insights For Patients To Boost Need For Digital Transformation Solutions
Table 90 Healthcare, Life Sciences & Pharmaceuticals: Use Cases
Table 91 Healthcare, Life Sciences & Pharmaceuticals: Market, By Region, 2016–2021 (Usd Million)
Table 92 Healthcare, Life Sciences & Pharmaceuticals: Market, By Region, 2022–2027 (Usd Million)
11.8 Energy & Utilities
11.8.1 Rising Need To Manage Massive Amounts Of Mission-Critical Material In Real Time To Drive Market
Table 93 Energy & Utilities: Use Cases
Table 94 Energy & Utilities: Digital Transformation Market, By Region, 2016–2021 (Usd Million)
Table 95 Energy & Utilities: Market, By Region, 2022–2027 (Usd Million)
11.9 Government & Defense
11.9.1 Tax Collection, Safety, Public Interest, And Critical International Data Sharing To Boost Market Growth
Table 96 Government & Defense: Use Cases
Table 97 Government & Defense: Market, By Region, 2016–2021 (Usd Million)
Table 98 Government & Defense: Market, By Region, 2022–2027 (Usd Million)
11.10 Telecommunications
11.10.1 Increasing Use Of Connected Devices, Iot, And 5g To Help Adoption Of Digital Transformation Solutions
Table 99 Telecommunications: Use Cases
Table 100 Telecommunications: Market, By Region, 2016–2021 (Usd Million)
Table 101 Telecommunications: Market, By Region, 2022–2027 (Usd Million)
11.11 Other Verticals
Table 102 Other Verticals: Market, By Region, 2016–2021 (Usd Million)
Table 103 Other Verticals: Market, By Region, 2022–2027 (Usd Million)

12 Digital Transformation Market, By Region
12.1 Introduction
Figure 34 Vietnam To Account For Highest Cagr During Forecast Period
Figure 35 Asia Pacific To Account For Highest Cagr During Forecast Period
Table 104 Market, By Region, 2016–2021 (Usd Million)
Table 105 Market, By Region, 2022–2027 (Usd Million)
12.2 North America
12.2.1 North America: Market Drivers
Table 106 North America: Prominent Players
Figure 36 North America: Market Snapshot
Table 107 North America: Digital Transformation Market, By Component, 2016–2021 (Usd Million)
Table 108 North America: Market, By Component, 2022–2027 (Usd Million)
Table 109 North America: Market, By Service, 2016–2021 (Usd Million)
Table 110 North America: Market, By Service, 2022–2027 (Usd Million)
Table 111 North America: Market, By Technology, 2016–2021 (Usd Million)
Table 112 North America: Market, By Technology, 2022–2027 (Usd Million)
Table 113 North America: Market, By Deployment Type, 2016–2021 (Usd Million)
Table 114 North America: Market, By Deployment Type, 2022–2027 (Usd Million)
Table 115 North America: Market, By Organization Size, 2016–2021 (Usd Million)
Table 116 North America: Market, By Organization Size, 2022–2027 (Usd Million)
Table 117 North America: Market, By Business Function, 2016–2021 (Usd Million)
Table 118 North America: Market, By Business Function, 2022–2027 (Usd Million)
Table 119 North America: Market, By Vertical, 2016–2021 (Usd Million)
Table 120 North America: Market, By Vertical, 2022–2027 (Usd Million)
Table 121 North America: Market, By Country, 2016–2021 (Usd Million)
Table 122 North America: Market, By Country, 2022–2027 (Usd Million)
12.2.2 Us
12.2.2.1 Presence Of Various Global Players And Increase In Usage Of Digitalization In Various Verticals To Drive Market Growth
Table 123 United States: Digital Transformation Market, By Deployment Type, 2016–2021 (Usd Million)
Table 124 United States: Market, By Deployment Type, 2022–2027 (Usd Million)
Table 125 United States: Market, By Technology, 2016–2021 (Usd Million)
Table 126 United States: Market, By Technology, 2022–2027 (Usd Million)
12.2.3 Canada
12.2.3.1 Huge Investments And Growing Availability Of Advanced Technologies To Drive Adoption Of Digital Transformation
12.3 Europe
12.3.1 Europe: Digital Transformation Market Drivers
Table 127 Europe: Prominent Players
Table 128 Europe: Market, By Component, 2016–2021 (Usd Million)
Table 129 Europe: Market, By Component, 2022–2027 (Usd Million)
Table 130 Europe: Market, By Service, 2016–2021 (Usd Million)
Table 131 Europe: Market, By Service, 2022–2027 (Usd Million)
Table 132 Europe: Market, By Technology, 2016–2021 (Usd Million)
Table 133 Europe: Market, By Technology, 2022–2027 (Usd Million)
Table 134 Europe: Market, By Deployment Type, 2016–2021 (Usd Million)
Table 135 Europe: Market, By Deployment Type, 2022–2027 (Usd Million)
Table 136 Europe: Market, By Organization Size, 2016–2021 (Usd Million)
Table 137 Europe: Market, By Organization Size, 2022–2027 (Usd Million)
Table 138 Europe: Market, By Business Function, 2016–2021 (Usd Million)
Table 139 Europe: Market, By Business Function, 2022–2027 (Usd Million)
Table 140 Europe: Market, By Vertical, 2016–2021 (Usd Million)
Table 141 Europe: Market, By Vertical, 2022–2027 (Usd Million)
Table 142 Europe: Market, By Country, 2016–2021 (Usd Million)
Table 143 Europe: Market, By Country, 2022–2027 (Usd Million)
12.3.2 Uk
12.3.2.1 Advanced It Infrastructure And Initiatives Boosting Digital Transformation Across Several Verticals To Drive Demand
Table 144 United Kingdom: Digital Transformation Market, By Deployment Type, 2016–2021 (Usd Million)
Table 145 United Kingdom: Market, By Deployment Type, 2022–2027 (Usd Million)
Table 146 United Kingdom: Market, By Technology, 2016–2021 (Usd Million)
Table 147 United Kingdom: Market, By Technology, 2022–2027 (Usd Million)
12.3.3 Germany
12.3.3.1 Huge Investments In Technological Developments And Government Initiatives To Drive Demand For Digital Transformation
12.3.4 France
12.3.4.1 Heavy Demand For Digitalization Along With Huge Investments In R&D To Drive Market Growth
12.3.5 Poland
12.3.5.1 Private And Public Sectors To Rapidly Adopt Digital Transformation Solutions To Innovate Business Processes
12.3.6 Rest Of Europe
12.4 Asia Pacific
12.4.1 Asia Pacific: Digital Transformation Market Drivers
Table 148 Asia Pacific: Prominent Players
Figure 37 Asia Pacific: Market Snapshot
Table 149 Asia Pacific: Market, By Component, 2016–2021 (Usd Million)
Table 150 Asia Pacific: Market, By Component, 2022–2027 (Usd Million)
Table 151 Asia Pacific: Market, By Service, 2016–2021 (Usd Million)
Table 152 Asia Pacific: Market, By Service, 2022–2027 (Usd Million)
Table 153 Asia Pacific: Market, By Technology, 2016–2021 (Usd Million)
Table 154 Asia Pacific: Market, By Technology, 2022–2027 (Usd Million)
Table 155 Asia Pacific: Market, By Deployment Type, 2016–2021 (Usd Million)
Table 156 Asia Pacific: Market, By Deployment Type, 2022–2027 (Usd Million)
Table 157 Asia Pacific: Market, By Organization Size, 2016–2021 (Usd Million)
Table 158 Asia Pacific: Market, By Organization Size, 2022–2027 (Usd Million)
Table 159 Asia Pacific: Market, By Business Function, 2016–2021 (Usd Million)
Table 160 Asia Pacific: Market, By Business Function, 2022–2027 (Usd Million)
Table 161 Asia Pacific: Market, By Vertical, 2016–2021 (Usd Million)
Table 162 Asia Pacific: Market, By Vertical, 2022–2027 (Usd Million)
Table 163 Asia Pacific: Market, By Country, 2016–2021 (Usd Million)
Table 164 Asia Pacific: Market, By Country, 2022–2027 (Usd Million)
12.4.2 China
12.4.2.1 Investments In Infrastructure And Advanced Technologies To Fuel Adoption Of Digital Transformation
Table 165 China: Digital Transformation Market, By Deployment Type, 2016–2021 (Usd Million)
Table 166 China: Market, By Deployment Type, 2022–2027 (Usd Million)
Table 167 China: Market, By Technology, 2016–2021 (Usd Million)
Table 168 China: Market, By Technology, 2022–2027 (Usd Million)
12.4.3 Japan
12.4.3.1 Emergence Of Newer Technologies And Private And Government Sector Investments To Increase Competitiveness
12.4.4 India
12.4.4.1 Rapid Adoption Of Modern Technologies And Investments By Global Players To Drive Market Growth
12.4.5 Thailand
12.4.5.1 Government Initiatives And Digital Infrastructure Development Projects To Drive Growth Of Digital Transformation
12.4.6 Singapore
12.4.6.1 Rapid Adoption And Government Investments In Singapore To Enable Growth Of Digital Transformation Market
12.4.7 Malaysia
12.4.7.1 Growth In Consumer Bases And Investments To Boost Digitalization
12.4.8 Vietnam
12.4.8.1 Government Initiatives To Shift Toward Digitalization To Boost Demand For Digital Transformation
12.4.9 Indonesia
12.4.9.1 Rapid Adoption Of Modern Technologies To Boost Digital Connectivity And Drive Market
12.4.10 Philippines
12.4.10.1 Government-Proposed Strategies And Investments To Drive Market For Digital Transformation
12.4.11 Rest Of Asia Pacific
12.5 Middle East & Africa
12.5.1 Middle East & Africa: Digital Transformation Market Drivers
Table 169 Middle East & Africa: Prominent Players
Table 170 Middle East & Africa: Market, By Component, 2016–2021 (Usd Million)
Table 171 Middle East & Africa: Market, By Component, 2022–2027 (Usd Million)
Table 172 Middle East & Africa: Market, By Service, 2016–2021 (Usd Million)
Table 173 Middle East & Africa: Market, By Service, 2022–2027 (Usd Million)
Table 174 Middle East & Africa: Market, By Technology, 2016–2021 (Usd Million)
Table 175 Middle East & Africa: Market, By Technology, 2022–2027 (Usd Million)
Table 176 Middle East & Africa: Market, By Deployment Type, 2016–2021 (Usd Million)
Table 177 Middle East & Africa: Market, By Deployment Type, 2022–2027 (Usd Million)
Table 178 Middle East & Africa: Market, By Organization Size, 2016–2021 (Usd Million)
Table 179 Middle East & Africa: Market, By Organization Size, 2022–2027 (Usd Million)
Table 180 Middle East & Africa: Market, By Business Function, 2016–2021 (Usd Million)
Table 181 Middle East & Africa: Market, By Business Function, 2022–2027 (Usd Million)
Table 182 Middle East & Africa: Market, By Vertical, 2016–2021 (Usd Million)
Table 183 Middle East & Africa: Market, By Vertical, 2022–2027 (Usd Million)
Table 184 Middle East & Africa: Market, By Country, 2016–2021 (Usd Million)
Table 185 Middle East & Africa: Market, By Country, 2022–2027 (Usd Million)
12.5.2 United Arab Emirates
12.5.2.1 New Investments, Government Strategies, And Global Players To Drive Adoption Of Digital Transformation Solutions
12.5.3 South Africa
12.5.3.1 Various Government Initiatives To Encourage Growth Of Digital Transformation Solutions To Drive Market
12.5.4 Rest Of Middle East & Africa
12.5.4.1 Growing Adoption Of Cloud Technologies And Increase In Globalization To Boost Digital Transformation Solutions
12.6 Latin America
12.6.1 Latin America: Digital Transformation Market Drivers
Table 186 Latin America: Prominent Players
Table 187 Latin America: Market, By Component, 2016–2021 (Usd Million)
Table 188 Latin America: Market, By Component, 2022–2027 (Usd Million)
Table 189 Latin America: Market, By Service, 2016–2021 (Usd Million)
Table 190 Latin America: Market, By Service, 2022–2027 (Usd Million)
Table 191 Latin America: Market, By Technology, 2016–2021 (Usd Million)
Table 192 Latin America: Market, By Technology, 2022–2027 (Usd Million)
Table 193 Latin America: Market, By Deployment Type, 2016–2021 (Usd Million)
Table 194 Latin America: Market, By Deployment Type, 2022–2027 (Usd Million)
Table 195 Latin America: Market, By Organization Size, 2016–2021 (Usd Million)
Table 196 Latin America: Market, By Organization Size, 2022–2027 (Usd Million)
Table 197 Latin America: Market, By Business Function, 2016–2021 (Usd Million)
Table 198 Latin America: Market, By Business Function, 2022–2027 (Usd Million)
Table 199 Latin America: Market, By Vertical, 2016–2021 (Usd Million)
Table 200 Latin America: Market, By Vertical, 2022–2027 (Usd Million)
Table 201 Latin America: Market, By Country, 2016–2021 (Usd Million)
Table 202 Latin America: Market, By Country, 2022–2027 (Usd Million)
12.6.2 Brazil
12.6.2.1 Enhanced Customer Experience And Customized Products And Services Offerings To Drive Market
12.6.3 Mexico
12.6.3.1 Various Government Investments And Initiatives To Boost Demand For Digital Transformation
12.6.4 Rest Of Latin America

13 Competitive Landscape
13.1 Overview
13.2 Strategies Adopted By Key Players
Table 203 Overview Of Strategies Deployed By Key Players In Digital Transformation Market
13.3 Historical Revenue Analysis Of Key Players
Figure 38 Revenue Analysis For Key Companies In Past Five Years
13.4 Market Share Analysis
Figure 39 Market: Market Share Analysis
Table 204 Market: Degree Of Competition
13.5 Company Evaluation Matrix
13.5.1 Stars
13.5.2 Emerging Leaders
13.5.3 Pervasive Players
13.5.4 Participants
Figure 40 Key Market Players, Company Evaluation Matrix, 2022
13.6 Startup And Sme Evaluation Matrix
13.6.1 Progressive Companies
13.6.2 Responsive Companies
13.6.3 Dynamic Companies
13.6.4 Starting Blocks
Figure 41 Digital Transformation Market Evaluation Matrix For Startups And Smes, 2022
13.7 Competitive Benchmarking
Table 205 Market: Detailed List Of Key Startups/Smes
Table 206 Market: Competitive Benchmarking Of Key Players (Startups/Smes)
13.8 Competitive Scenario
13.8.1 Product Launches
Table 207 Product Launches, 2018–2022
13.8.2 Deals
Table 208 Deals, 2018–2022
13.8.3 Others
Table 209 Others, 2018–2022

14 Company Profiles
14.1 Introduction
14.2 Key Players
(Business Overview, Solutions, Products & Services Offered, Recent Developments, Mnm View)*
14.2.1 Microsoft
Table 210 Microsoft: Business Overview
Figure 42 Microsoft: Company Snapshot
Table 211 Microsoft: Products/Solutions/Services Offered
Table 212 Microsoft: Product Launches And Enhancements
Table 213 Microsoft: Deals
14.2.2 Ibm
Table 214 Ibm: Business Overview
Figure 43 Ibm: Company Snapshot
Table 215 Ibm: Products/Solutions/Services Offered
Table 216 Ibm: Product Launches And Enhancements
Table 217 Ibm: Deals
Table 218 Ibm: Others
14.2.3 Sap
Table 219 Sap: Business Overview
Figure 44 Sap: Company Snapshot
Table 220 Sap: Products/Solutions/Services Offered
Table 221 Sap: Product Launches And Enhancements
Table 222 Sap: Deals
Table 223 Sap: Others
14.2.4 Oracle
Table 224 Oracle: Business Overview
Figure 45 Oracle: Company Snapshot
Table 225 Oracle: Products/Solutions/Services Offered
Table 226 Oracle: Product Launches And Enhancements
Table 227 Oracle: Deals
Table 228 Oracle: Others
14.2.5 Google
Table 229 Google: Business Overview
Figure 46 Google: Company Snapshot
Table 230 Google: Products/Solutions/Services Offered
Table 231 Google: Product Launches And Enhancements
Table 232 Google: Deals
14.2.6 Salesforce
Table 233 Salesforce: Business Overview
Figure 47 Salesforce: Company Snapshot
Table 234 Salesforce: Products/Solutions Offered
Table 235 Salesforce: Services Offered
Table 236 Salesforce: Product Launches And Enhancements
Table 237 Salesforce: Deals
14.2.7 Hpe
Table 238 Hpe: Business Overview
Figure 48 Hpe: Company Snapshot
Table 239 Hpe: Products/Solutions/Services Offered
Table 240 Hpe: Product Launches And Enhancements
Table 241 Hpe: Deals
Table 242 Hpe: Others
14.2.8 Adobe
Table 243 Adobe: Business Overview
Figure 49 Adobe: Company Snapshot
Table 244 Adobe: Products/Solutions/Services Offered
Table 245 Adobe: Product Launches And Enhancements
Table 246 Adobe: Deals
14.2.9 Baidu
Table 247 Baidu: Business Overview
Figure 50 Baidu: Company Snapshot
Table 248 Baidu: Products/Solutions/Services Offered
Table 249 Baidu: Product Launches And Enhancements
Table 250 Baidu: Deals
14.2.10 Hcl Technologies
Table 251 Hcl Technologies: Business Overview
Figure 51 Hcl Technologies: Company Snapshot
Table 252 Hcl Technologies: Products/Solutions/Services Offered
Table 253 Hcl Technologies: Product Launches And Enhancements
Table 254 Hcl Technologies: Deals
14.2.11 Broadcom
Table 255 Broadcom: Business Overview
Figure 52 Broadcom: Company Snapshot
Table 256 Broadcom: Products/Solutions/Services Offered
Table 257 Broadcom: Product Launches And Enhancements
Table 258 Broadcom: Deals
14.2.12 Equinix
Table 259 Equinix: Business Overview
Figure 53 Equinix: Company Snapshot
Table 260 Equinix: Products/Solutions/Services Offered
Table 261 Equinix: Product Launches And Enhancements
Table 262 Equinix: Deals
Table 263 Equinix: Others
14.2.13 Alibaba
Table 264 Alibaba: Business Overview
Table 265 Alibaba: Products/Solutions/Services Offered
Table 266 Alibaba: Product Launches And Enhancements
Table 267 Alibaba: Deals
Table 268 Alibaba: Others
14.2.14 Tibco Software
Table 269 Tibco Software: Business Overview
Table 270 Tibco Software: Products/Solutions/Services Offered
Table 271 Tibco Software: Product Launches And Enhancements
Table 272 Tibco Software: Deals
14.2.15 Marlabs
Table 273 Marlabs: Business Overview
Table 274 Marlabs: Products/Solutions/Services Offered
Table 275 Marlabs: Product Launches And Enhancements
Table 276 Marlabs: Deals
Table 277 Marlabs: Others
*Details On Business Overview, Solutions, Products & Services Offered, Recent Developments, Mnm View Might Not Be Captured In Case Of Unlisted Companies.
14.3 Smes And Startups
14.3.1 Alcor Solutions
14.3.2 Smartstream
14.3.3 Yash Technologies
14.3.4 Interfacing
14.3.5 Dempton Consulting Group
14.3.6 Kissflow
14.3.7 Emudhra
14.3.8 Processmaker
14.3.9 Process Street
14.3.10 Happiest Minds
14.3.11 Scoro
14.3.12 Brillio
14.3.13 Aexonic Technologies

15 Appendix
15.1 Adjacent And Related Markets
15.1.1 Introduction
15.1.2 Cloud Computing Market—Global Forecast To 2026
15.1.2.1 Market Definition
15.1.2.2 Market Overview
15.1.2.2.1 Cloud Computing Market, By Service Model
Table 278 Cloud Computing Market, By Service Model, 2015–2020 (Usd Billion)
Table 279 Cloud Computing Market, By Service Model, 2021–2026 (Usd Billion)
15.1.2.2.2 Cloud Computing Market, By Deployment Model
Table 280 Cloud Computing Market, By Deployment Model, 2015–2020 (Usd Billion)
Table 281 Cloud Computing Market, By Deployment Model, 2021–2026 (Usd Billion)
15.1.2.2.3 Cloud Computing Market, By Organization Size
Table 282 Cloud Computing Market, By Organization Size, 2015–2020 (Usd Billion)
Table 283 Cloud Computing Market, By Organization Size, 2021–2026 (Usd Billion)
15.1.2.2.4 Cloud Computing Market, By Industry Vertical
Table 284 Cloud Computing Market, By Vertical, 2015–2020 (Usd Billion)
Table 285 Cloud Computing Market, By Vertical, 2021–2026 (Usd Billion)
15.1.2.2.5 Cloud Computing Market, By Region
Table 286 Cloud Computing Market, By Region, 2015–2020 (Usd Billion)
Table 287 Cloud Computing Market, By Region, 2021–2026 (Usd Billion)
15.1.3 Artificial Intelligence Market—Global Forecast To 2027
15.1.3.1 Market Definition
15.1.3.2 Market Overview
15.1.3.2.1 Artificial Intelligence Market, By Offering
Table 288 Artificial Intelligence Market, By Offering, 2016–2021 (Usd Billion)
Table 289 Artificial Intelligence Market, By Offering, 2022–2027 (Usd Billion)
15.1.3.2.2 Artificial Intelligence Market, By Deployment Type
Table 290 Artificial Intelligence Market, By Deployment Type, 2016–2021 (Usd Billion)
Table 291 Artificial Intelligence Market, By Deployment Type, 2022–2027 (Usd Billion)
15.1.3.2.3 Artificial Intelligence Market, By Organization Size
Table 292 Artificial Intelligence Market, By Organization Size, 2016–2021 (Usd Billion)
Table 293 Artificial Intelligence Market, By Organization Size, 2022–2027 (Usd Billion)
15.1.3.2.4 Artificial Intelligence Market, By Technology
Table 294 Artificial Intelligence Market, By Technology, 2016–2021 (Usd Billion)
Table 295 Artificial Intelligence Market, By Technology, 2022–2027 (Usd Billion)
15.1.3.2.5 Artificial Intelligence Market, By Industry Vertical
Table 296 Artificial Intelligence Market, By Vertical, 2016–2021 (Usd Billion)
Table 297 Artificial Intelligence Market, By Vertical, 2022–2027 (Usd Billion)
15.1.3.2.6 Artificial Intelligence Market, By Region
Table 298 Artificial Intelligence Market, By Region, 2016–2021 (Usd Billion)
Table 299 Artificial Intelligence Market, By Region, 2022–2027 (Usd Billion)
15.2 Discussion Guide
15.3 Knowledgestore: Marketsandmarkets’ Subscription Portal
15.4 Customization Options
15.5 Related Reports
15.6 Author Details

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