HOME Top Market Reports Digital Transformation Market by Solution (Cloud Computing, Big Data, Mobility, and Social Media), Service (Professional and System Integrators), Business Type (B2B, B2B2C, & B2C), End User, Deployment type, Vertical, and Region - Global Forecast to 2021

Digital Transformation Market by Solution (Cloud Computing, Big Data, Mobility, and Social Media), Service (Professional and System Integrators), Business Type (B2B, B2B2C, & B2C), End User, Deployment type, Vertical, and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: TC 3447

 

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The digital transformation market size is estimated to grow from USD 148.04 Billion in 2015 to USD 392.15 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7% from 2016 to 2021. Major growth drivers of the market include the increased demand for internet of things and increased innovation offered by digitalization techniques. Base year considered for this study is 2015 and forecast period is 2016 to 2021.

Objectives of the study:

The main objective of this report is to define, describe, and forecast the global digital transformation market on the basis of component, deployment type, end user type, business type, vertical, and region. The report provides detailed information regarding factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze each submarket with respect to individual growth trends and contribution towards the overall market and to analyze the opportunities in the market for stakeholders and details of the market’s competitive landscape. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America, and Middle East & Africa (MEA). The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as acquisitions, partnerships, new product developments, and research & development (R&D) activities in the digital transformation market.

The research methodology used to estimate and forecast the market begins with capturing data on key vendors’ revenue through secondary research such as annual reports, press release, investor presentation of companies, white papers, technology journals, and certified publications. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global digital transformation market from the revenue of the key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

Digital Transformation Market

To know about the assumptions considered for the study, download the pdf brochure

The digital transformation market ecosystem comprises of vendors, such as, SAP AG (Germany), IBM Corporation (U.S.), Oracle Corporation (U.S.), Google, Inc. (U.S.), Dell EMC (U.S.), Adobe Systems (U.S.), Hewlett-Packard (HP) (U.S.), CA Technologies (U.S.), Microsoft Corporation (U.S.), Accenture PLC (Ireland), Capgemini (France), Apple, Inc. (U.S.), and Kelltontech (U.S.). Other stakeholders of the market include digital solution providers, cloud solutions providers, and system administrators.

The target audience of the digital transformation market report are:

  • System Integrators
  • Infrastructure as a Service (IaaS) providers
  • Platform as a Service (PaaS) providers
  • Investors and Venture Capitalists
  • Market Research and Consulting Firms
  • Application Consumers
  • Government

“The study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report categorizes the digital transformation market to forecast the revenues and analyze the trends in each of the following subsegments:

By Component Type

  • Solution
  • Service

By Deployment Type

  • Cloud
  • On-Premises

By End User Type

  • Small and Medium Businesses (SMB)
  • Enterprises

By Business Type

  • B2B (Business-to-Business)
  • B2B2C (Business-to-Business-to-Consumer)
  • B2C (Business-to-Consumer)

By Vertical

  • BFSI
  • Healthcare
  • Telecom & IT
  • Automotive
  • Academia & Research
  • Retail
  • Manufacturing
  • Government

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company.

Geographic Analysis

  • Further breakdown of the North America digital transformation market
  • Further breakdown of the Europe market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin America market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Introduction
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                     2.1.2.1 Key Industry Insights
                     2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Market
    4.2 Digital Transformation Market: Top Three Solutions
    4.3 Market Comparison Between Solution and Region
    4.4 Market By Business Type

5 Market Overview (Page No. - 29)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Increased Growth of Internet of Things
                     5.3.1.2 Increased Innovation Offered By Digitalization Techniques
                     5.3.1.3 Increasing Penetration of Mobile Devices and Apps
                     5.3.1.4 Increased Efficiency Aided By These Solutions and Their Affordability
           5.3.2 Restraints
                     5.3.2.1 Low Security for Highly ConfidenTIAl Data
                     5.3.2.2 Lack of Awareness Regarding Benefits of Digitalization
           5.3.3 Opportunities
                     5.3.3.1 Rising Popularity of E-Commerce
                     5.3.3.2 Collaboration Among DEPArtments
           5.3.4 Challenges
                     5.3.4.1 Lack of Knowledge and Resources
                     5.3.4.2 Issues With Integration of Information Collected From Various Data Sources
    5.4 Innovation Spotlight
    5.5 Strategic Benchmarking
           5.5.1 Digital Transformation Market: Strategic Benchmarking

6 Digital Transformation Market, By Component (Page No. - 36)
    6.1 Introduction
    6.2 Solution
           6.2.1 Cloud Computing
           6.2.2 Big Data
           6.2.3 Mobility
           6.2.4 Social Media
    6.3 Service
           6.3.1 Professional Services
           6.3.2 System Integration

7 Digital Transformation Market, By Deployment Type (Page No. - 45)
    7.1 Introduction
    7.2 On-Premise
    7.3 Cloud

8 Digital Transformation Market, By End User (Page No. - 49)
    8.1 Introduction
    8.2 Small and Medium Businesses (SMB)
    8.3 Enterprises

9 Digital Transformation Market, By Business Type (Page No. - 53)
    9.1 Introduction
    9.2 Business-To-Business (B2B)
    9.3 Business-To-Business-To-Consumer (B2B2C)
    9.4 Business-To-Consumer (B2C)

10 Digital Transformation Market, By Vertical (Page No. - 57)
     10.1 Introduction
     10.2 Banking, Financial Services & Insurance (BFSI)
     10.3 Healthcare
     10.4 Telecommunication & IT
     10.5 Automotive
     10.6 Academia & Research
     10.7 Retail
     10.8 Manufacturing
     10.9 Government
     10.10 Others

11 Digital Transformation Market, By Geography (Page No. - 68)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific
     11.5 Middle East & Africa (MEA)
     11.6 Latin America

12 Competitive Landscape (Page No. - 86)
     12.1 Overview
     12.2 Competitive Situation and Trends
               12.2.1 Acquisitions
               12.2.2 Partnerships, Agreements & Collaborations
               12.2.3 New Product Developments

13 Company Profiles (Page No. - 91)
(Overview, Financials, Products & Services, Strategy, and Developments)*
     13.1 SAP AG
     13.2 IBM Corporation
     13.3 Oracle Corporation
     13.4 Google Inc.
     13.5 Dell EMC
     13.6 Hewlett-Packard (HP)
     13.7 CA Technologies
     13.8 Microsoft Corporation
     13.9 Adobe Systems
     13.10 Accenture PLC 
     13.11 Capgemini
     13.12 Apple, Inc.

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 123)
     14.1 Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (70 Tables)

Table 1 Digital Transformation Market Size, By Component, 2014–2021 (USD Billion)
Table 2 Market Size, By Component, 2014-2021 (USD Billion)
Table 3 Market Size, By Solution, 2014-2021 (USD Billion)
Table 4 Digital Transformation Solution Market Size, By Region, 2014-2021 (USD Billion)
Table 5 Cloud Computing: Market Size, By Region, 2014–2021 (USD Billion)
Table 6 Big Data: Market Size, By Region, 2014–2021 (USD Billion)
Table 7 Mobility: Market Size, By Region, 2016–2021 (USD Billion)
Table 8 Social Media: Market Size, By Region, 2014–2021 (USD Billion)
Table 9 Digital Transformation Market Size, By Service, 2014–2021 (USD Billion)
Table 10 Professional Services: Market Size, By Region, 2014–2021 (USD Billion)
Table 11 System Integration: Market Size, By Region, 2014–2021 (USD Billion)
Table 12 Market Size, By Deployment Type, 2014–2021 (USD Billion)
Table 13 On-Premise: Market Size, By Region, 2014–2021 (USD Billion)
Table 14 Cloud: Market Size, By Region, 2014–2021 (USD Billion)
Table 15 Market Size, By End User, 2014–2021 (USD Billion)
Table 16 SMB: Market Size, By Region, 2014–2021 (USD Billion)
Table 17 Enterprises: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Market Size, By Business Type, 2014-2021 (USD Billion)
Table 19 B2B: Market Size, By Region, 2014-2021 (USD Billion)
Table 20 B2B2C: Market Size, By Region, 2014-2021 (USD Billion)
Table 21 B2C: Market Size, By Region, 2014-2021 (USD Billion)
Table 22 Digital Transformation Market Size, By Vertical, 2014–2021 (USD Billion)
Table 23 BFSI: Market Size, By Region, 2014–2021 (USD Billion)
Table 24 Healthcare: Market Size, By Region, 2014–2021 (USD Billion)
Table 25 Telecom & IT: Market Size, By Region, 2014–2021 (USD Billion)
Table 26 Automotive: Market Size, By Region, 2014–2021 (USD Billion)
Table 27 Academia & Research: Market Size, By Region, 2014–2021 (USD Billion)
Table 28 Retail: Market Size, By Region, 2014–2021 (USD Billion)
Table 29 Manufacturing: Market Size, By Region, 2014–2021 (USD Billion)
Table 30 Government: Market Size, By Region, 2014–2021 (USD Billion)
Table 31 Others: Market Size, By Region, 2014–2021 (USD Billion)
Table 32 Digital Transformation Market Size, By Region, 2014–2021 (USD Billion)
Table 33 North America: Market Size, By Component, 2014–2021 (USD Billion)
Table 34 North America: Market Size, By Solution, 2014–2021 (USD Billion)
Table 35 North America: Market Size, By Service, 2014–2021 (USD Billion)
Table 36 North America: Market Size, By Business Type, 2014–2021 (USD Billion)
Table 37 North America: Market Size, By Deployment, 2014–2021 (USD Billion)
Table 38 North America: Market Size, By End User, 2014–2021 (USD Billion)
Table 39 North America: Market Size, By Vertical, 2014–2021 (USD Billion)
Table 40 Europe: Digital Transformation Market Size, By Component, 2014–2021 (USD Billion)
Table 41 Europe: Market Size, By Solution, 2015–2021 (USD Billion)
Table 42 Europe: Market Size, By Service, 2014–2021 (USD Billion)
Table 43 Europe: Market Size, By Business Type, 2014–2021 (USD Billion)
Table 44 Europe: Market Size, By Deployment, 2014–2021 (USD Billion)
Table 45 Europe: Market Size, By End User, 2014–2021 (USD Billion)
Table 46 Europe: Market Size, By Vertical, 2014–2021 (USD Billion)
Table 47 Asia-Pacific: Digital Transformation Market Size, By Component, 2014–2021 (USD Billion)
Table 48 Asia-Pacific: Market Size, By Solution, 2014–2021 (USD Billion)
Table 49 Asia-Pacific: Market Size, By Service, 2014–2021 (USD Billion)
Table 50 Asia Pacific: Market Size, By Business Type, 2014–2021 (USD Billion)
Table 51 Asia Pacific: Market Size, By Deployment, 2014–2021 (USD Billion)
Table 52 Asia Pacific: Market Size, By End User, 2014–2021 (USD Billion)
Table 53 Asia-Pacific: Market Size, By Vertical, 2014–2021 (USD Billion)
Table 54 Middle East & Africa: Market Size, By Component, 2014–2021 (USD Billion)
Table 55 Middle East & Africa: Market Size, By Solution, 2014–2021 (USD Billion)
Table 56 Middle East & Africa: Market Size, By Service, 2014–2021 (USD Billion)
Table 57 Middle East: Digital Transformation Market Size, By Business Type, 2014–2021 (USD Billion)
Table 58 Middle East & Africa: Market Size, By Deployment, 2014–2021 (USD Billion)
Table 59 Middle East & Africa: Market Size, By End User, 2014–2021 (USD Billion)
Table 60 Middle East & Africa: Market Size, By Vertical, 2014–2021 (USD Billion)
Table 61 Latin America: Market Size, By Component, 2014–2021 (USD Billion)
Table 62 Latin America: Market Size, By Solution, 2014–2021 (USD Billion)
Table 63 Latin America: Market Size, By Service, 2014–2021 (USD Billion)
Table 64 Latin America: Market Size, By Business Type, 2014–2021 (USD Billion)
Table 65 Latin America: Market Size, By Deployment, 2014–2021 (USD Billion)
Table 66 Latin America: Market Size, By End User, 2014–2021 (USD Billion)
Table 67 Latin America: Market Size, By Vertical, 2014–2021 (USD Billion)
Table 68 Acquisitions, 2013–2016
Table 69 Partnerships, Agreements & Collaborations, 2014–2016
Table 70 New Product Developments, 2013–2016
 
 
List of Figures (41 Figures)
 
Figure 1 Digital Transformation Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Research Methodology: Data Triangulation
Figure 5 On-Premise Deployment Type to Lead the Digital Transformation Market During the Forecast Period
Figure 6 North America Contributes the Highest Market Share in 2015
Figure 7 Increased Demand of Internet of Things Pushing the Digital Transformation Market During the Forecast Period
Figure 8 Cloud Computing is Expected to Witness Highest Market Share During the Forecast Perioddominate
Figure 9 Cloud Computing Accounted to Have the Largest Share of the Global Market in 2015
Figure 10 Business-To-Business (B2B) Accounting for the Largest Share in the Market
Figure 11 Digital Transformation Market Segmentation
Figure 12 Increased Demand of Internet of Things (IoT) is Driving the Market
Figure 13 Digital Transformation Market Size, By Component, 2016 & 2021
Figure 14 Cloud Computing to Lead the Service Segment in the Digital Transformation Market During the Forecast Period
Figure 15 Market Size, By Service, 2016 & 2021
Figure 16 Market Size, By Deployment Type, 2016 & 2021
Figure 17 Market Size, By End User, 2016 & 2021 (USD Billion)
Figure 18 Market Size, By Business Type, 2016 & 2021 (USD Billion)
Figure 19 Market Size, By Vertical, 2016 & 2021 (USD Billion)
Figure 20 APAC and Middle East & Africa Emerging as A Lucrative Market for Investment From 2016-2021
Figure 21 APAC has the Highest Growth Rate From 2016 to 2021
Figure 22 North America Digital Transformation Market Snapshot
Figure 23 Asia-Pacific Digital Transformation Market Snapshot
Figure 24 Companies Adopted Acquisitions and Partnerships, Agreements & Collaborations as the Key Growth Strategies From 2013 to 2016
Figure 25 Market Evaluation Framework
Figure 26 Battle for Market Share: Acquisition Was the Key Strategy Adopted By Companies in the Digital Transformation Market, 2013–2016
Figure 27 SAP AG: Company Snapshot
Figure 28 SAP AG: SWOT Analysis
Figure 29 IBM Corporation: Company Snapshot
Figure 30 IBM Corporation: SWOT Analysis
Figure 31 Oracle Corporation: Company Snapshot
Figure 32 Oracle Corporation: SWOT Analysis
Figure 33 Google Inc.: Company Snapshot
Figure 34 Google Inc.: SWOT Analysis
Figure 35 Hewlett-Packard: Company Snapshot
Figure 36 CA Technologies: Company Snapshot
Figure 37 Microsoft Corporation: Company Snapshot
Figure 38 Adobe Systems: Company Snapshot
Figure 39 Accenture PLC: Company Snapshot
Figure 40 Capgemini: Company Snapshot
Figure 41 Apple, Inc.: Company Snapshot

The digital transformation market is projected to grow from USD 148.04 Billion in 2015 to USD 392.15 Billion by 2021, at a CAGR of 18.7% from 2016 to 2021. Digital transformation is gaining a significant importance among organizations due to increasing the demand for internet of things and increased innovation offered by digitalization techniques. In addition, increased number of mobile devices and apps is one of the major growth factors of the market.

Digital transformation market, by deployment type includes cloud and on-premises. The cloud deployment type is expected to grow at a higher growth rate during the forecast period. This is due to various advantages provided by cloud digital transformation such as reduction in IT budgets, low financial risks, and increased flexibility.

Among business type, the business-to-business (B2B) segment is expected to hold the largest market share during the forecast period. In B2B segment, the adoption of digital transformation solutions is increasing owing to the fact that B2B enterprises believe that it is important to offer their products online.

Among end users, the small and medium businesses (SMB) segment is be the fastest-growing market during the forecast period. The need for digital transformation is equally required in all organizations, irrespective of the size, in order to compete with the large organizations.

Among verticals, the BFSI segment is expected to hold the largest market share during the forecast period. The BFSI vertical uses high-end digital technology to make banking transactions secure, simple, and error free. There is a high channel migration in banking, which enables customers to rely on digitals channels such as tablets, smartphones, and laptops to meet their banking requirements.

Digital Transformation Market

North America accounted for the largest share of the global market in 2015. This is due to the fact that their ICT infrastructure is advanced than the rest of the world. The APAC countries are considerably contributing to the growth of the market. The rapid adoption of digital transformation by early adopters has made the APAC market very attractive. The APAC region continues to be the biggest exporter and end user of digital services. The digital transformation market has high growth prospective in this region during the forecast period.

The lack of awareness regarding benefits of digitalization and low security of high confidential data are the restraining factors for the digital transformation market.

Most of the enterprises have adopted new product launches, acquisitions, and partnerships the key strategies to enhance end user and customer experience. For instances, SAP AG partnered with Adobe Systems, under which SAP will resell Adobe Marketing Cloud with the SAP HANA platform and the Hybris Commerce Suite. In August 2016, IBM signed an agreement with Vodafone India to manage IT services support for Vodafone India’s IT infrastructure environment.

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