Digital Transformation Market

Digital Transformation Market by Technology (Cloud Computing, Big Data & Analytics, Mobility/Social Media, Cybersecurity, Artificial Intelligence), Deployment type, Business Function, Vertical (Retail, Education), and Region - Global Forecast to 2023

Report Code: TC 3447 Apr, 2019, by marketsandmarkets.com

MarketsandMarkets forecasts the digital transformation market to grow from USD 290.00 Billion in 2018 to USD 665.00 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period. The digital transformation Market has witnessed substantial growth, owing to digitalizing organizational business functions to serve changing customer preferences and enhance operational efficiency, rapid proliferation of mobile devices and apps, and increasing penetration of IoT and adoption of cloud services, and need to improve operational performance to gain competitive benefits in the market.
 

Digital Transformation Market

Market Dynamics

Rapid proliferation of mobile devices and apps

The increasing penetration of mobile devices and apps has revolutionized many aspects of modern life. This has, in turn, paved the way for the digitization of different industry verticals. Organizations and businesses across the world are digitally transforming their traditional brick-and-mortar businesses into online businesses. According to data provided by Statista, there are 4.57 billion mobile device users across the globe as of 2018 leading to the implementation of the Bring Your Own Device (BYOD) policy in many organizations. The whole concept of BYOD is to allow employees to have access to the office network by using their own mobile devices, such as laptops, smartphones, or tablets. There are immense opportunities for mobile users as BYOD enables them to connect with clients or post on social media to increase product awareness. According to a study by comScore, mobile devices represent 65% of digital media time, with the desktop becoming a secondary touch point.

A key goal of BYOD is to improve communications with employees and collaboration in the organization, during its digital transformation journey. A blog published by Broadsoft in March 2018 states that 59% of professionals use their mobile devices to run a line of business applications, and 80% use text messaging for business from their mobiles. The adoption of BYOD and mobility also enhances employee performance. According to data provided by Enterprise Mobility Exchange (US), around 88% of IT administrators and decision makers ranked mobility as high priority or growing priority in their company in 2017. Mobile technology, which has transformed the social media industry, is now transforming the rest of the commercial world.


Digital Transformation Market: Research Design

Digital Transformation Market

Based on technology, the artificial intelligence segment is expected to lead the market during the forecast period.

The technology segment is projected to lead thedigital transformation market during the forecast period. The emergence of AI has transformed how data is collected and analyzed. The technology builds data models automatically in digital forms. AI also collects data from multiple sources and uses the information as a knowledge store, which can help business in several ways, such as identify and analyze buying patterns and trends or predict needs of consumers to boost customer experience.

Based on deployment type, the cloud segment is expected to lead the digital transformation market in 2018.

The cloud segment is expected to lead the digital transformation market in 2018. The deployment of digital transformation solutions on the cloud enables users to access solutions from their desktops or any mobile devices. Key advantages of this deployment type include easy deployment, low deployment cost, and easy upgradeability and accessibility. Furthermore, it helps reduce IT budgets and financial risks, while increasing flexibility. Therefore, small organizations and individual users generally prefer cloud digital transformation solutions.

The retail vertical to lead the digital transformation market in 2018.

Retail is one of the fastest-growing verticals with respect to the adoption of emerging and innovative technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks. Some of the factors driving this adoption are the rising purchasing power of customers and the need to satisfy customer expectations, which, in turn, lead to the retention of existing customers and new customer acquisitions. Presently, retailers use the web, e-commerce, and various applications to retain and attract their customers digitally. Digital transformation requires seamless integration of customer services, merchandising, pricing, inventory, and supply chain processes to enable shoppers to save time and maximize convenience.

Digital Transformation Market

The Asia Pacific (APAC) digital transformation market is projected to grow at the highest CAGR during the forecast period

The APAC digital transformation market is projected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the high rate of adoption of digital technologies, especially in economies such as Australia, India, China, Japan, and Singapore. Digital transformation solutions are being adopted by companies to improve and streamline business processes and facilitate informed business decision-making. Companies across verticals are taking initiatives to upsurge their IT infrastructure, thus leading to the adoption of cutting-edge technologies by these companies as well as their customers. The rising number of mobile device users, increasing the use of social media analytics, and growing online commerce are some of the factors expected to fuel the growth of the digital transformation market in the region.

Key Market Players

IBM Corporation (US), Microsoft Corporation (US), SAP (Germany), Dell EMC (US), Google (US), Accenture PLC (Ireland), CA Technologies (US), Cognizant (US), Adobe Systems (US), Oracle Corporation (US), Hewlett Packard Enterprise (US), HCL Technologies (India), TIBCO Software (US), Marlabs (US), and Equinix (US).

Microsoft is one of the leading digital transformation solution and service providers across the globe. The company invests a substantial part of its annual revenue in R&D to enhance and upgrade its products and services. Microsoft is another top player in the digital transformation market and has majorly adopted inorganic growth strategies to diversify its product offerings with the help of innovative technologies.

Scope of the Report

Report Metrics

Details

Market size available for years

2016-2023

Base year considered

2017

Forecast period

2018-2023

Forecast units

Billion (USD)

Segments covered

Technology (Cloud Computing, Big Data, and Analytics, Mobility/Social Media, Cybersecurity,
Artificial Intelligence (AI), Internet of Things (IoT), and Others) Deployment Type, Business Function, Vertical, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

IBM Corporation (US), Microsoft Corporation (US), SAP (Germany), Dell EMC (US), Google (US), Accenture PLC (Ireland), CA Technologies (US), Cognizant (US), Adobe Systems (US), Oracle Corporation (US), Hewlett Packard Enterprise (US), HCL Technologies (India), TIBCO Software (US), Marlabs (US), and Equinix (US).


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

By Technology

    • Cloud Computing
    • Big Data & Analytics
    • Mobility/Social Media
    • Cybersecurity
    • Artificial Intelligence (AI)
    • Internet of Things (IoT)
    • Others (Blockchain and Robotics)

    By Business Function

    • Customer Transformation
    • Workforce Transformation
    • Operational Transformation
    • Product Transformation

    By Deployment Type

    • On-premises
    • Cloud

By Vertical

  • BFSI
  • Healthcare
  • IT & Telecom
  • Education
  • Retail
  • Media & Entertainment
  • Manufacturing
  • Governmt

By Region

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
    • Japan
    • Rest of APAC
  • MEA
    • UAE
    • KSA
    • South Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments

  • In February 2019, IBM partnered with COFCO International (CIL) (China), a food and agriculture company, wherein SAP will integrate and digitally transform the business processes of CIL through the implementation of a new SAP platform, including SAP S/4HANA, SAP Ariba, SAP Success Factors, and SAP Master Data Governance. IBM Services will help CIL rapidly digitally transform its business, standardize and simplify its processes, and vertically integrate its operations.
  • In February 2019, Microsoft collaborated with Telecom Egypt, to extend its global cloud network to Egypt. Telecom Egypt will provide low-latency connectivity into and across Egypt to help enhance performance and increase reliability for customers of Microsoft services. This network collaboration will further enhance the delivery of Microsoft services to customers in Egypt, North Africa, and the Middle East.
  • In February 2019, SAP launched SAP Leonardo Internet of Things (IoT), the all-encompassing technology that generates and drives digital transformation for Industrial IoT and Industry 4.0. In addition, SAP announced the cloud-to-cloud interoperability of SAP Leonardo IoT with Microsoft Azure IoT Hub, providing customers a choice of connectivity and device management.

Critical questions the report answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the digital transformation market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction
   
1.1 Objective of Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
   
2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption and Limitation
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary

4 Premium Insights
   
4.1 Attractive Opportunities in the Digital Transformation Market
    4.2 Market in North America, By Technology and Country
    4.3 Market Major Countries

5 Market Overview and Industry Trends
   
5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges

6 Digital Transformation Market, By Technology
   
6.1 Introduction
    6.2 Cloud Computing
           6.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           6.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    6.3 Artificial Intelligence
           6.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           6.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    6.4 Big Data & Analytics
           6.4.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           6.4.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    6.5 Mobility/Social Media
           6.5.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           6.5.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    6.6 Cybersecurity
           6.6.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           6.6.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    6.7 Internet of Things (IoT)
           6.7.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           6.7.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    6.8 Others
           6.8.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           6.8.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)

7 Market, By Deployment Type
   
7.1 Introduction
    7.2 On-Premises
           7.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           7.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    7.3 Cloud
           7.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           7.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)

8 Market, By Business Function
   
8.1 Introduction
    8.2 Customer Transformation
    8.3 Workforce Transformation
    8.4 Operational Transformation
    8.5 Product Transformation

9 Digital Transformation Market, By Vertical
   
9.1 Introduction
    9.2 BFSI
           9.2.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.2.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    9.3 Healthcare
           9.3.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.3.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    9.4 IT & Telecom
           9.4.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.4.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    9.5 Manufacturing
           9.5.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.5.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    9.6 Education
           9.6.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.6.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    9.7 Retail
           9.7.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.7.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    9.8 Media & Entertainment
           9.8.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.8.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    9.9 Government
           9.9.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.9.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)
    9.10 Others
           9.10.1 Market Estimates and Forecasts, 2016 - 2023 (USD Billion)
           9.10.2 Market Estimates and Forecasts, By Region, 2016 - 2023 (USD Billion)

10 Adjacent Market Overview
    
10.1 Cloud Computing Market By Service Model
             10.1.1 Infrastructure as A Service
                        10.1.1.1 Market Estimates and Forecasts, 2017–2024 (USD Million)
                        10.1.2.2 Market Estimates and Forecasts, By Region, 2017–2024 (USD Million)
             10.1.2 Platform as A Service
                        10.1.2. 1 Market Estimates and Forecasts, 2017–2024 (USD Million)
                        10.1.2. 2 Market Estimates and Forecasts, By Region, 2017–2024 (USD Million)
             10.1.3 Software as A Service
                        10.1.3.1 Market Estimates and Forecasts, 2017–2024 (USD Million)
                        10.1.3. 2 Market Estimates and Forecasts, By Region, 2017–2024 (USD Million)
     10.2 Cloud Computing Market By Deployment Model
             10.2.1 Public Cloud
                        10.2.1.1 Market Estimates and Forecasts, 2017–2024 (USD Million)
                        10.2.1.2 Market Estimates and Forecasts, By Region, 2017–2024 (USD Million)
             10.2.2 Private Cloud
                        10.2.2.1 Market Estimates and Forecasts, 2017–2024 (USD Million)
                        10.2.2.2 Market Estimates and Forecasts, By Region, 2017–2024 (USD Million)
             10.2.3 Hybrid Cloud
                        10.2.3.1 Market Estimates and Forecasts, 2017–2024 (USD Million)
                        10.2.3.2 Market Estimates and Forecasts, By Region, 2017–2024 (USD Million)
     10.3 Big Data Market Analysis, By Type
             10.3.1 Structured Data
                        10.3.1.1 Market Estimates and Forecasts, 2014–2021 (USD Billion)
                        10.3.1.2 Market Estimates and Forecasts, By Region, 2014–2021 (USD Billion)
             10.3.2 Unstructured Data
                        10.3.2. 1 Market Estimates and Forecasts, 2014–2021 (USD Billion)
                        10.3.2.2 Market Estimates and Forecasts, By Region, 2014–2021 (USD Billion)
             10.3.3 Semi-Structured Data
                        10.3.3.1 Market Estimates and Forecasts, 2014–2021 (USD Billion)
                        10.3.3.2 Market Estimates and Forecasts, By Region, 2014–2021 (USD Billion)
     10.4 Cybersecurity Market By Component
             10.4.1 Solutions
                        10.4.1.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                        10.4.1.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
             10.4.2 Services
                        10.4.2.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                        10.4.2.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
             10.4.3 Cybersecurity Market By Solution
                        10.4.3.1 Identity and Access Management
                                     10.4.3.1.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.1.1 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.2 Risk and Compliance Management
                                     10.4.3.2.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.2.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.3 Encryption
                                     10.4.3.3.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.3.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.4 Data Loss Prevention
                                     10.4.3.4.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.4.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.5 Unified Threat Management
                                     10.4.3.5.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.5.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.6 Firewall
                                     10.4.3.6.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.6.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.7 Intrusion Detection System/Intrusion Prevention System
                                     10.4.3.7.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.7.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.8 Unified Threat Management
                                     10.4.3.8.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.8.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.9 Security and Vulnerability Management
                                     10.4.3.9.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.9.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.10  Disaster Recovery
                                     10.4.3.10.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.10.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.11 Distributed Denial of Service Mitigation
                                     10.4.3.11.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.11.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.12 Web Filtering
                                     10.4.3.12.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.12.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
                        10.4.3.13 Others
                                     10.4.3.13.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                                     10.4.3.13.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
     10.5 Internet of Things (IoT) Market, By Component
             10.5.1 Software Solutions
                        10.5.1.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                        10.5.1.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
             10.5.2 Services
                        10.5.2.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                        10.5.2.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)
             10.5.3 Platform
                        10.5.3.1 Market Estimates and Forecasts, 2016–2023 (USD Billion)
                        10.5.3.2 Market Estimates and Forecasts, By Region, 2016–2023 (USD Billion)

11 Digital Transformation Market, By Region
    
11.1 Introduction
     11.2 North America
             11.2.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
             11.2.2 Market Estimates and Forecasts By By Deployment Type, 2016–2023 (USD Billion)
             11.2.3 Market Estimates and Forecasts By Vertical, 2015 - 2021 2016–2023 (USD Billion)
             11.2.4 Market Estimates and Forecasts, By Country, 2016–2023 (USD Billion)
                        11.2.4.1 US
                                     11.2.4.1.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
                                     11.2.4.1.2 Market Estimates and Forecasts, By Deployment Type, 2016–2023 (USD Billion)
                                     11.2.4.1.3 Market Estimates and Forecasts, By Vertical, 2016–2023 (USD Billion)
                        11.2.4.2 Canada
                                     11.2.4.2.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
                                     11.2.4.2.2 Market Estimates and Forecasts, By Deployment Type, 2016–2023 (USD Billion)
                                     11.2.4.2.3 Market Estimates and Forecasts, By Vertical, 2016–2023 (USD Billion)
     11.3 Europe
             11.3.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
             11.3.2 Market Estimates and Forecasts By By Deployment Type, 2016–2023 (USD Billion)
             11.3.3 Market Estimates and Forecasts By Vertical, 2016–2023 (USD Billion)
             11.3.4 Market Estimates and Forecasts, By Country, 2016–2023 (USD Billion)
                        11.3.4.1 UK
                                     11.3.4.1.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
                                     11.3.4.1.2 Market Estimates and Forecasts, By Deployment Type, 2016–2023 (USD Billion)
                                     11.3.4.1.3 Market Estimates and Forecasts, By Vertical, 2016–2023 (USD Billion)
                        11.3.4.2 Germany
                                     11.3.4.2.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
                                     11.3.4.2.2 Market Estimates and Forecasts, By Deployment Type, 2016–2023 (USD Billion)
                                     11.3.4.2.3 Market Estimates and Forecasts, By Vertical, 2016–2023 (USD Billion)
     11.4 Asia Pacific
             11.4.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
             11.4.2 Market Estimates and Forecasts By By Deployment Type, 2016–2023 (USD Billion)
             11.4.3 Market Estimates and Forecasts By Vertical, 2016–2023 (USD Billion)
             11.4.4 Market Estimates and Forecasts, By Country, 2016–2023 (USD Billion)
                        11.4.4.1 China
                                     11.4.4.1.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
                                     11.4.4.1 2 Market Estimates and Forecasts, By Deployment Type, 2016–2023 (USD Billion)
                                     11.4.4.1 3 Market Estimates and Forecasts, By Vertical, 2016–2023 (USD Billion)
                        11.4.4.2 Japan
                                     11.4.4.2.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
                                     11.4.4.2.2 Market Estimates and Forecasts, By Deployment Type, 2016–2023 (USD Billion)
                                     11.4.4.2.3 Market Estimates and Forecasts, By Vertical, 2016–2023 (USD Billion)
     11.5 Middle East and Africa
             11.5.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
             11.5.2 Market Estimates and Forecasts By By Deployment Type, 2016–2023 (USD Billion)
             11.5.3 Market Estimates and Forecasts By Vertical, 2016–2023 (USD Billion)
             11.5.4 Market Estimates and Forecasts, By Country, 2016–2023 (USD Billion)
                        11.5.4.1 UAE
                                     11.5.4.2.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
                                     11.5.4.2.2 Market Estimates and Forecasts, By Deployment Type, 2016–2023 (USD Billion)
                                     11.5.4.2.3 Market Estimates and Forecasts, By Vertical, 2016–2023 (USD Billion)
                        11.5.4.2 Saudi Arabia
                                     11.5.4.2.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
                                     11.5.4.2.2 Market Estimates and Forecasts, By Deployment Type, 2016–2023 (USD Billion)
                                     11.5.4.2.3 Market Estimates and Forecasts, By Vertical, 2016–2023 (USD Billion)
     11.6 Latin America
             11.6.1 Market Estimates and Forecasts By Technology, 2016–2023 (USD Billion)
             11.6.2 Market Estimates and Forecasts By By Deployment Type, 2016–2023 (USD Billion)
             11.6.3 Market Estimates and Forecasts By Vertical, 2016–2023 (USD Billion)
             11.6.4 Market Estimates and Forecasts, By Country, 2016–2023 (USD Billion)

12 Competitive Landscape
    
12.1 Competitive Leadership Mapping
             12.1.1 Visionary Leaders
             12.1.2 Innovators
             12.1.3 Dynamic Differentiators
             12.1.4 Emerging Companies
     12.2 Strength of Product Portfolio 
     12.3 Business Strategy Excellence
     12.4 Competitive Leadership Mapping (Startup)
             12.4.1 Progressive Companies
             12.4.2 Starting Blocks
             12.4.3 Responsive Companies
             12.4.4 Dynamic Companies
     12.5 Market Ranking for the Digital Transformation Market, 2018

13 Company Profile
    
13.1 Overview
     13.2 IBM
             13.2.1 Business Overview
             13.2.2 Company Snapshot
             13.2.3 Financial Overview
(Operating Income & R&D Expenditure, Business & Geographical Revenue Mix)
             13.2.4 Products Offered
             13.2.5 Recent Development
                        13.2.5.1 New Product Launched/Product Updates
                        13.2.5.2 Merger & Acquisition/Joint Venture/ Partnership
             13.2.6 SWOT Analysis
             13.2.7 MnM View
     13.3 Microsoft
             13.3.1 Business Overview
             13.3.2 Company Snapshot
             13.3.3 Financial Overview
(Operating Income & R&D Expenditure, Business & Geographical Revenue Mix)
             13.3.4 Products Offered
             13.3.5 Recent Development
                        13.3.5.1 New Product Launched/Product Updates
                        13.3.5.2 Merger & Acquisition/Joint Venture/ Partnership
             13.3.6 SWOT Analysis
             13.3.7 MnM View
     13.4 SAP
             13.4.1 Business Overview
             13.4.2 Company Snapshot
             13.4.3 Financial Overview
(Operating Income & R&D Expenditure, Business & Geographical Revenue Mix)
             13.4.4 Products Offered
             13.4.5 Recent Development
                        13.4.5.1 New Product Launched/Product Updates
                        13.4.5.2 Merger & Acquisition/Joint Venture/ Partnership
             13.4.6 SWOT Analysis
             13.4.7 MnM View
     13.5 Dell EMC
             13.5.1 Business Overview
             13.5.2 Company Snapshot
             13.5.3 Financial Overview
(Operating Income & R&D Expenditure, Business & Geographical Revenue Mix)
             13.5.4 Products Offered
             13.5.5 Recent Development
                        13.5.5.1 New Product Launched/Product Updates
                        13.5.5.2 Merger & Acquisition/Joint Venture/ Partnership
             13.5.6 SWOT Analysis
             13.5.7 MnM View
     13.6 Google
     13.7 Marlabs
     13.8 Accenture
     13.9 CA Technologies
     13.1 Equinix
     13.11 Cognizant 
     13.12 Adobe Systems
     13.13 Oracle Corporation
     13.14 Hewlett Packard Enterprise
     13.15 HCL Technologies
     13.16 Tibco Software

*Financials Would Be Provided on A Best Efforts Basis for Private Companies

14 Appendix
    
14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Available Customizations
     14.4 Related Reports 

List of Tables (100 Tables)

Table 1 Factor Analysis
Table 2 Digital Transformation Market Size, By Technology, 2016–2023 (USD Billion)
Table 3 Cloud Computing: Market Size By Region, 2016–2023 (USD Billion)
Table 4 Artificial Intelligence: Market Size By Region, 2016–2023 (USD Billion)
Table 5 Big Data & Analytics: Market Size By Region, 2016–2023 (USD Billion)
Table 6 Mobility/Social Media: Market Size By Region, 2016–2023 (USD Billion)
Table 7 Cybersecurity: Market Size By Region, 2016–2023 (USD Billion)
Table 8 IoT: Market Size By Region, 2016–2023 (USD Billion)
Table 9 Others: Market Size By Region, 2016–2023 (USD Billion)
Table 10 Digital Transformation Market Size, By Deployment Type, 2016–2023 (USD Billion)
Table 11 On-Premises: Market Size By Region, 2016–2023 (USD Billion)
Table 12 Cloud: Market Size By Region, 2016–2023 (USD Billion)
Table 13 Digital Transformation Market Size, By Vertical, 2016–2023 (USD Billion)
Table 14 BFSI: Market Size By Region, 2016–2023 (USD Billion)
Table 15 Healthcare: Market Size By Region, 2016–2023 (USD Billion)
Table 16 IT & Telecom: Market Size By Region, 2016–2023 (USD Billion)
Table 17 Manufacturing: Market Size By Region, 2016–2023 (USD Billion)
Table 18 Education: Market Size By Region, 2016–2023 (USD Billion)
Table 19 Retail: Market Size By Region, 2016–2023 (USD Billion)
Table 20 Media & Entertainment: Market Size By Region, 2016–2023 (USD Billion)
Table 21 Government: Market Size By Region, 2016–2023 (USD Billion)
Table 22 Others: Digital Transformation Market Size By Region, 2016–2023 (USD Billion)
Table 23 Cloud Computing Market Size, By Service Model, 2016–2023 (USD Billion)
Table 24 Infrastructure as a Service: Market Size, By Region, 2016–2023 (USD Billion)
Table 25 Platform as a Service: Market Size, By Region, 2016–2023 (USD Billion)
Table 26 Software as a Service: Market Size, By Region, 2016–2023 (USD Billion)
Table 27 Market Size, By Deployment Model, 2016–2023 (USD Billion)
Table 28 Public Cloud: Market Size, By Region, 2016–2023 (USD Billion)
Table 29 Private Cloud: Market Size, By Region, 2016–2023 (USD Billion)
Table 30 Hybrid Cloud: Market Size, By Region, 2016–2023 (USD Billion)
Table 31 Big Data Market Size, By Type, 2014–2021 (USD Billion)
Table 32 Structured Data: Market Size, By Region, 2014–2021 (USD Billion)
Table 33 Unstructured Data: Market Size, By Region, 2014–2021 (USD Billion)
Table 34 Semi-Structured Data: Market Size, By Region, 2014–2021 (USD Billion)
Table 35 Market Size By Component, 2016–2023 (USD Billion)
Table 36 Solutions: Market Size, By Region, 2016–2023 (USD Billion)
Table 37 Services: Market Size, By Region, 2016–2023 (USD Billion)
Table 38 Cybersecurity Market Size, By Solution, 2016–2023 (USD Billion)
Table 39 Identity and Access Management: Market Size, By Region, 2016–2023 (USD Billion)
Table 40 Risk and Compliance Management: Market Size, By Region, 2016–2023 (USD Billion)
Table 41 Encryption: Market Size, By Region, 2016–2023 (USD Billion)
Table 42 Data Loss Prevention: Market Size, By Region, 2016–2023 (USD Billion)
Table 43 Unified Threat Management: Cybersecurity Market Size, By Region, 2016–2023 (USD Billion)
Table 44 Firewall: Market Size By Region, 2016–2023 (USD Billion)
Table 45 Antivirus/Antimalware: Cybersecurity Market Size, By Region, 2016–2023 (USD Billion)
Table 46 Intrusion Detection System/Intrusion Prevention System: Market Size, By Region, 2016–2023 (USD Billion)
Table 47 Security and Vulnerability Management: Market Size, By Region, 2016–2023 (USD Billion)
Table 48 Disaster Recovery: Cybersecurity Market Size, By Region, 2016–2023 (USD Billion)
Table 49 Distributed Denial of Service Mitigation: Market Size, By Region, 2016–2023 (USD Billion)
Table 50 Web Filtering: Market Size, By Region, 2016–2023 (USD Billion)
Table 51 Others: Market Size, By Region, 2016–2023 (USD Billion)
Table 52 Market Size, By Component, 2017–2024 (USD Billion)
Table 53 Software Solutions: Market Size, By Region, 2017–2024 (USD Million)
Table 54 Services: Market Size, By Region, 2017–2024 (USD Million)
Table 55 Platform: Market Size, By Region, 2017–2024 (USD Million)
Table 56 Digital Transformation Market Size, By Region, 2016–2023 (USD Billion)
Table 57 North America: Market Size By Country, 2016–2023 (USD Billion)
Table 58 North America: Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 59 North America: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 60 North America: Market Size By Vertical, 2016–2023 (USD Billion)
Table 61 US: Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 62 US: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 63 US: Market Size By Vertical, 2016–2023 (USD Billion)
Table 64 Canada: Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 65 Canada: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 66 Canada: Market Size By Vertical, 2016–2023 (USD Billion)
Table 67 Europe: Digital Transformation Market Size, By Country, 2016–2023 (USD Billion)
Table 68 Europe: Market Size By Technology, 2016–2023 (USD Billion)
Table 69 Europe: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 70 Europe: Market Size By Vertical, 2016–2023 (USD Billion)
Table 71 UK: Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 72 UK: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 73 UK: Market Size By Vertical, 2016–2023 (USD Billion)
Table 74 Germany Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 75 Germany Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 76 Germany Market Size By Vertical, 2016–2023 (USD Billion)
Table 77 Asia Pacific: Digital Transformation Market Size, By Country, 2016–2023 (USD Billion)
Table 78 Asia Pacific: Market Size By Technology, 2016–2023 (USD Billion)
Table 79 Asia Pacific: Market Size By Deployment Type, “ 2016–2023 (USD Billion)
Table 80 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Billion)
Table 81 China Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 82 China Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 83 China Market Size By Vertical, 2016–2023 (USD Billion)
Table 84 Japan Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 85 Japan Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 86 Japan Market Size By Vertical, 2016–2023 (USD Billion)
Table 87 Middle East & Africa: Digital Transformation Market Size, By Country, 2016–2023 (USD Billion)
Table 88 Middle East & Africa: Market Size By Technology, 2016–2023 (USD Billion)
Table 89 Middle East & Africa: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 90 Middle East & Africa: Market Size By Vertical, 2016–2023 (USD Billion)
Table 91 UAE Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 92 UAE Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 93 UAE Market Size By Vertical, 2016–2023 (USD Billion)
Table 94 Saudi Arabia Digital Transformation Market Size By Technology, 2016–2023 (USD Billion)
Table 95 Saudi Arabia Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 96 Saudi Arabia Market Size By Vertical, 2016–2023 (USD Billion)
Table 97 Latin America: Digital Transformation Market Size, By Country, 2016–2023 (USD Billion)
Table 98 Latin America: Market Size By Technology, 2016–2023 (USD Billion)
Table 99 Latin America: Market Size By Deployment Type, 2016–2023 (USD Billion)
Table 100 Latin America: Market Size By Vertical, 2016–2023 (USD Billion)


List of Figures (60 Figures)

Figure 1 Market Segmentation
Figure 2 Regional Scope
Figure 3 Market: Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation
Figure 6 Market Top-Down and Bottom-Up Approaches
Figure 7 Digital Transformation Market Size, 2018-2023
Figure 8 Based on Technology, the Cloud Computing Segment is Estimated to Lead the Market in 2018
Figure 9 Based on Deployment Type, the Cloud Segment is Estimated to Account for Larger Market Share in 2018, Compared to On-Premises Segment
Figure 10 Based on Vertical, the Retail Segment is Estimated to Lead the Market in 2018
Figure 11 Based on Region, the North America is Estimated to Lead the Market in 2018
Figure 12 Demand for Personalized Digital Transformation to Drive Market Growth During the Forecast Period
Figure 13 Cloud Computing and the US Estimated to Account for the Largest Share of the North America Market in 2018
Figure 14 India Projected to Grow at the Fastest Rate During the Forecast Period
Figure 15 Drivers, Restraints, Opportunities, and Challenges
Figure 16 Value Chain Analysis of the Market
Figure 17 Evolution of Digital Transformation as A Business Strategy
Figure 18 Artificial Intelligence Segment of the Market to Grow at the Highest Rate During the Forecast Period
Figure 19 Cloud Segment Estimated to Lead the Market in 2018
Figure 20 Market, By Business Function
Figure 21 Retail Vertical Segment Estimated to Lead the Digital Transformation Market in 2018
Figure 22 North America to Lead the Market From 2018 to 2023
Figure 23 Asia Pacific Market Projected to Grow at the Highest CAGR from 2018 to 2023
Figure 24 North America Market Snapshot
Figure 25 Asia Pacific Market Snapshot
Figure 26 North America: Based on Technology, the Cloud Computing Segment is Estimated to Lead the Market in 2018
Figure 27 North America: Based on Deployment Type, the Cloud Segment is Estimated to Account for Larger Market Share in 2018, Compared to On-Premises Segment
Figure 28 North America: Based on Vertical, the Retail Segment is Estimated to Lead the Market in 2018
Figure 29 Europe: Based on Technology, the Cloud Computing Segment is Estimated to Lead the Market in 2018
Figure 30 Europe: Based on Deployment Type, the Cloud Segment is Estimated to Account for Larger Market Share in 2018, Compared to On-Premises Segment
Figure 31 Europe: Based on Vertical, the Retail Segment is Estimated to Lead the Market in 2018
Figure 32 Asia Pacific: Based on Technology, the Cloud Computing Segment is Estimated to Lead the Market in 2018
Figure 33 Asia Pacific: Based on Deployment Type, the Cloud Segment is Estimated to Account for Larger Market Share in 2018, Compared to On-Premises Segment
Figure 34 Asia Pacific: Based on Vertical, the Retail Segment is Estimated to Lead the Market in 2018
Figure 35 Middle East & Africa: Based on Technology, the Cloud Computing Segment is Estimated to Lead the Market in 2018
Figure 36 Middle East & Africa: Based on Deployment Type, the Cloud Segment is Estimated to Account for Larger Market Share in 2018, Compared to On-Premises Segment
Figure 37 Middle East & Africa: Based on Vertical, the Retail Segment is Estimated to Lead the Market in 2018 
Figure 38 Latin America: Based on Technology, the Cloud Computing Segment is Estimated to Lead the Market in 2018
Figure 39 Latin America: Based on Deployment Type, the Cloud Segment is Estimated to Account for Larger Market Share in 2018, Compared to On-Premises Segment
Figure 40 Latin America: Based on Vertical, the Retail Segment is Estimated to Lead the Market in 2018
Figure 41 Digital Transformation Market (Global) Competitive Leadership Mapping, 2018
Figure 42 Market (Startup) Competitive Leadership Mapping, 2018
Figure 43 Market Ranking, 2018
Figure 44 IBM: Company Snapshot
Figure 45 Microsoft: Company Snapshot
Figure 46 Microsoft: SWOT Analysis
Figure 47 SAP: Company Snapshot
Figure 48 SAP: SWOT Analysis
Figure 49 Dell EMC: SWOT Analysis
Figure 50 Google: Company Snapshot
Figure 51 Accenture: Company Snapshot
Figure 52 Equinix: Company Snapshot
Figure 53 Cognizant: Company Snapshot
Figure 54 Cognizant: SWOT Analysis
Figure 55 Adobe Systems: Company Snapshot
Figure 56 Adobe Systems: SWOT Analysis
Figure 57 Oracle Corporation: Company Snapshot
Figure 58 Hewlett Packard Enterprise: Company Snapshot
Figure 59 HCL Technologies: Company Snapshot
Figure 60 TIBCO Software: Company Snapshot

The study involved four major activities to estimate the current market size for the digital transformation market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, whitepapers, certified publications and articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

The market comprises several stakeholders, such as digital solutions providers,  cloud solutions providers, system administrators, system integrators, Platform as a Service (PaaS) providers, investors and venture capitalists, market research and consulting firms, application consumers, and government agencies. The demand-side of the digital transformation market consists of all the firms operating in several industry verticals. The supply-side includes digital transformation providers, offering digital transformation solutions. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

Digital Transformation Market

Digital Transformation Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the global digital transformation market and various other dependent submarkets in the overall market. An exhaustive list of all the vendors who offer solutions in the market was prepared while using the top-down approach. The market share for all the vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor was evaluated based on its solutions by technology, by deployment type, business function and vertical. The aggregate of all companies’ revenue was extrapolated to reach the overall market size.

Further, each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from the industry leaders, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and marketing executives.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both, the demand and supply sides.

Report Objectives

  • To determine and forecast the global digital transformation market by technology, business function, deployment type, vertical, and region from 2018 to 2023, and analyze the various macroeconomic and microeconomic factors that affect market growth
  • To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA)
  • To provide detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the digital transformation market
  • To profile the key market players, provide a comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market
  •  To track and analyze competitive developments, such as mergers and acquisitions, new product/service launches, business expansions, partnerships and collaborations, and Research and Development (R&D) activities in the market

Available Customizations

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Company Information

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