Digital Transformation Market by Component (Solution (Cloud Computing, Big Data & Analytics, Mobility, Disruptive Technologies, and Social Media) and Service), End User, Deployment Type (On-premise and Cloud), Vertical, and Region - Global Forecast to 2022

The digital transformation market was valued at USD 181.02 Billion in 2016 and is projected to reach USD 493.39 Billion by 2022, at a CAGR of 19.1% during the forecast period. The base year considered for the study is 2016 and the forecast period is from 2017 to 2022

Objectives of the study:

• To determine and forecast the global digital transformation market based on component, deployment type, end user, vertical, and region from 2017 to 2022, and to analyze various macro- and micro-economic factors that affect market growth
• To forecast the size of market segments with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America
• To provide detailed information regarding major factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the digital transformation market
• To strategically analyze each submarket with respect to individual growth trends, prospects, and contribution to the total digital transformation market
• To analyze the opportunities in the market for stakeholders by identifying high-growth segments of the digital transformation market
• To profile key market players and comprehensively analyze their core competencies.
• To track and analyze competitive developments, such as mergers & acquisitions, product developments, partnerships & collaborations, and research & development (R&D) activities in the market

The research methodology used to estimate and forecast the digital transformation market size begins with the capturing of data of key vendor revenues through secondary research (annual reports, white papers, certified publications), databases, such as Factiva and Hoovers, press releases, and investor presentations of digital transformation solutions and service vendors, as well as articles from recognized industry associations, statistics bureaus, and government publishing sources. Vendor offerings were also taken into consideration to determine market segmentations. The bottom-up procedure was employed to arrive at the overall global digital transformation market size from the revenues of 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 individuals, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

The breakdown of the profiles of primary participants is depicted in the figure below:

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

The digital transformation market ecosystem includes key players, such as Cognizant (US), SAP (Germany), Dell EMC (US), Microsoft (US), Adobe Systems (US), Accenture (Ireland), Capgemini (France), IBM (US), Oracle (US), Google (US), HPE (US), and CA Technologies (US), that provide digital transformation solutions and services.

Key Target Audience

• Digital Solutions Providers
• Cloud Solutions Providers
• System Administrators
• 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 Agencies

Scope of the Report

The research report categorizes the digital transformation market into the following segments and subsegments:

By Component

• Solution
• Cloud Computing
• Big Data & Analytics
• Mobility
• Disruptive Technology (IoT, Blockchain Technology & Artificial Intelligence)
• Social Media
• Service
• Professional Services
• System Integration

By Deployment Type

• On-premise
• Cloud

By End User

• Enterprises
• SMBs

By Vertical

• Banking, Financial Services & Insurance (BFSI)
• Healthcare
• Telecom & IT
• Automotive
• Education
• Retail & Consumer Goods
• Media & Entertainment
• Manufacturing
• Government
• Others (transportation, defense, aviation, and hospitality)

By Region

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

Available Customizations

Along with the given market data, MarketsandMarkets offers customization as per a company’s specific requirements. The following customization options are available for the report:

Geographic Analysis

• Further country-level breakdown of the North America digital transformation market
• Further country-level breakdown of the Europe market
• Further country-level breakdown of the Asia Pacific market
• Further country-level breakdown of the Middle East & Africa market
• Further country-level breakdown of the Latin America market

Company Information

• Detailed analysis and profiles of additional market players

Table of Contents

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

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

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Digital Transformation Market
    4.2 Market By Component
    4.3 Market By Deployment Type
    4.4 Market By Solution & Region
    4.5 Market By Region

5 Market Overview and Industry Trends (Page No. - 30)
    5.1 Introduction
    5.2 Architecture
    5.3 Use Cases
           5.3.1 Banking Financial Services & Insurance (BFSI)
           5.3.2 Healthcare
           5.3.3 Retail
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Innovation in Business and Changing Customer Preferences
                    5.4.1.2 Rapid Proliferation of Mobile Devices and Apps
                    5.4.1.3 Increasing Penetration of IoT and Adoption of the Cloud Platform
           5.4.2 Restraints
                    5.4.2.1 Security and Privacy Concerns for Confidential Data
           5.4.3 Opportunities
                    5.4.3.1 Increasing Role of Artificial Intelligence (AI)
                    5.4.3.2 Focus on Collaboration Among Departments
           5.4.4 Challenges
                    5.4.4.1 Lack of Digital Skills and Resources

6 Digital Transformation Market Analysis, By Component (Page No. - 35)
    6.1 Introduction
    6.2 Solution
           6.2.1 Cloud Computing
           6.2.2 Big Data & Analytics
           6.2.3 Mobility
           6.2.4 Disruptive Technology
                    6.2.4.1 Internet of Things (IoT)
                    6.2.4.2 Blockchain Technology
                    6.2.4.3 Artificial Intelligence (AI)
           6.2.5 Social Media
    6.3 Service
           6.3.1 Professional Services
           6.3.2 System Integration

7 Digital Transformation Market, By Deployment Type (Page No. - 44)
    7.1 Introduction
    7.2 On-Premise
    7.3 Cloud

8 Digital Transformation Market, By End User (Page No. - 47)
    8.1 Introduction
    8.2 Small & Medium Businesses (SMBS)
    8.3 Enterprises

9 Digital Transformation Market, By Vertical (Page No. - 50)
    9.1 Introduction
    9.2 Banking Financial Services & Insurance (BFSI)
    9.3 Healthcare
    9.4 Telecommunication & IT
    9.5 Automotive
    9.6 Education
    9.7 Retail & Consumer Goods
    9.8 Media & Entertainment
    9.9 Manufacturing
    9.10 Government
    9.11 Others

10 Regional Analysis (Page No. - 59)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
     10.4 Asia Pacific (APAC)
             10.4.1 China
             10.4.2 India
     10.5 Middle East and Africa (Mea)
     10.6 Latin America

11 Competitive Landscape (Page No. - 77)
     11.1 Microquadrant Overview
             11.1.1 Visionary Leaders
             11.1.2 Innovators
             11.1.3 Dynamic Differentiators
             11.1.4 Emerging Companies
     11.2 Competitive Benchmarking
             11.2.1 Strength of Product Portfolio in the Market (For All 25 Players)
             11.2.2 Business Strategy Excellence in the Market (For All 25 Players)

12 Company Profiles (Page No. - 81)
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
     12.1 Cognizant
     12.2 SAP SE
     12.3 Dell Emc
     12.4 Microsoft Corporation
     12.5 Adobe Systems Incorporated
     12.6 Accenture PLC
     12.7 Capgemini
     12.8 IBM Corporation
     12.9 Oracle Corporation
     12.10 Google Inc.
     12.11 Hewlett Packard Enterprise
     12.12 CA Technologies
     12.13 Key Innovators

*Details on Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 125)
     13.1 Industry Excerpts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details

List of Tables (61 Tables)

Table 1 Digital Transformation Market Size, By Component, 2015-2022 (USD Billion)
Table 2 Solution: Market Size, By Type, 2015-2022 (USD Billion)
Table 3 Solution: Market Size, By Region, 2015-2022 (USD Billion)
Table 4 Cloud Computing: Solution Segment, By Region, 2015–2022 (USD Billion)
Table 5 Big Data & Analytics: Solution Segment, By Region, 2015–2022 (USD Billion)
Table 6 Mobility: Solution Segment, By Region, 2015–2022 (USD Billion)
Table 7 Disruptive Technology: Solution Segment, By Region, 2015–2022 (USD Billion)
Table 8 Social Media: Solution Segment, By Region, 2015–2022 (USD Billion)
Table 9 Service: Market Size, By Type, 2015–2022 (USD Billion)
Table 10 Service: Market Size, By Region, 2015-2022 (USD Billion)
Table 11 Professional Services: Service Segment, By Region, 2015–2022 (USD Billion)
Table 12 System Integration: Service Segment, By Region, 2015–2022 (USD Billion)
Table 13 Digital Transformation Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 14 On-Premise: Market Size, By Region, 2015-2022 (USD Billion)
Table 15 Cloud: Market Size, By Region, 2015-2022 (USD Billion)
Table 16 Digital Transformation Market Size, By End User, 2015-2022 (USD Billion)
Table 17 Small & Medium Businesses (SMBS): Market Size, By Region, 2015-2022 (USD Billion)
Table 18 Enterprises: Market Size, By Region, 2015-2022 (USD Billion)
Table 19 Digital Transformation Market Size, By Vertical, 2015-2022 (USD Billion)
Table 20 Banking Financial Services & Insurance (BFSI): Market Size, By Region, 2015-2022 (USD Billion)
Table 21 Healthcare: Market Size, By Region, 2015-2022 (USD Billion)
Table 22 Telecommunication & IT: Market Size, By Region, 2015-2022 (USD Billion)
Table 23 Automotive: Market Size, By Region, 2015-2022 (USD Billion)
Table 24 Education: Market Size, By Region, 2015-2022 (USD Billion)
Table 25 Retail & Consumer Goods: Market Size, By Region, 2015-2022 (USD Billion)
Table 26 Media & Entertainment: Market Size, By Region, 2015-2022 (USD Billion)
Table 27 Manufacturing: Market Size, By Region, 2015-2022 (USD Billion)
Table 28 Government: Market Size, By Region, 2015-2022 (USD Billion)
Table 29 Others: Market Size, By Region, 2015-2022 (USD Billion)
Table 30 Digital Transformation Market Size, By Region, 2015-2022 (USD Billion)
Table 31 North America Market Size, By Component, 2015-2022 (USD Billion)
Table 32 Solution: North America Market, By Type, 2015-2022 (USD Billion)
Table 33 Service: North America Market Size, By Type, 2015-2022 (USD Billion)
Table 34 North America Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 35 North America Market Size, By End User, 2015-2022 (USD Billion)
Table 36 North America Market Size, By Vertical, 2015-2022 (USD Billion)
Table 37 Europe Digital Transformation Market Size, By Component, 2015-2022 (USD Billion)
Table 38 Solution: Europe Market Size, By Type, 2015-2022 (USD Billion)
Table 39 Service: Europe Market Size, By Type, 2015-2022 (USD Billion)
Table 40 Europe Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 41 Europe Market Size, By End User, 2015-2022 (USD Billion)
Table 42 Europe Market Size, By Vertical, 2015-2022 (USD Billion)
Table 43 Asia Pacific Market Size, By Component, 2015-2022 (USD Billion)
Table 44 Solution: Asia Pacific Market Size, By Type, 2015-2022 (USD Billion)
Table 45 Service: Asia Pacific Market Size, By Type, 2015-2022 (USD Billion)
Table 46 Asia Pacific Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 47 Asia Pacific Market Size, By End User, 2015-2022 (USD Billion)
Table 48 Asia Pacific Market Size, By Vertical, 2015-2022 (USD Billion)
Table 49 Middle East and Africa Digital Transformation Market Size, By Component, 2015-2022 (USD Billion)
Table 50 Solution: Middle East and Africa Market Size, By Type, 2015-2022 (USD Billion)
Table 51 Service: Middle East and Africa Market Size, By Type, 2015-2022 (USD Billion)
Table 52 Middle East and Africa Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 53 Middle East and Africa Market Size, By End User, 2015-2022 (USD Billion)
Table 54 Middle East and Africa Market Size, By Vertical, 2015-2022 (USD Billion)
Table 55 Latin America Digital Transformation Market Size, By Component, 2015-2022 (USD Billion)
Table 56 Solution: Latin America Market Size, By Type, 2015-2022 (USD Billion)
Table 57 Latin America Market Size, By Service, 2015-2022 (USD Billion)
Table 58 Latin America Market Size, By Deployment Type, 2015-2022 (USD Billion)
Table 59 Latin America Market Size, By End User, 2015-2022 (USD Billion)
Table 60 Latin America Market Size, By Vertical, 2015-2022 (USD Billion)
Table 61 Market Ranking for the Digital Transformation Market, 2017

List of Figures (38 Figures)

Figure 1 Digital Transformation Market: Research Design
Figure 2 Breakdown of Primary Interview: By Company Type, Designation, and Region
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Microquadrant Matrix: Criteria Weightage
Figure 7 Assumptions
Figure 8 Based on Component, the Solution Segment is Expected to Be A Larger Segment of the Digital Transformation Market in 2017
Figure 9 Based on Deployment Type, the Cloud Segment is Projected to Grow at A Higher CAGR During the Forecast Period
Figure 10 Based on Vertical, the Education Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 11 North America is Estimated to Be the Largest Market for Market in 2017
Figure 12 Changing Customer Preferences are Expected to Drive the Digital Transformation Market During the Forecast Period
Figure 13 Based on Component, the Service Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 14 Based on Deployment Type, the Cloud Segment is Expected to Be A Larger Segment of the Market By 2022
Figure 15 North America is Estimated to Lead the Digital Transformation Market in 2017
Figure 16 Asia Pacific Market is Projected to Grow at the Highest CAGR From 2017 to 2022
Figure 17 Digital Transformation Market Architecture
Figure 18 Drivers, Restraints, Opportunities, and Challenges in the Digital Transformation Market
Figure 19 The Service Segment of the Market is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 20 The Cloud Segment of the Market is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 The Small & Medium Businesses (SMBS) Segment of the Digital Transformation Market is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 22 Education Vertical of Market, is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Estimated to Lead the Market From 2017 to 2022
Figure 24 Geographic Snapshot: the Market in Asia Pacific is Estimated to Grow at the CAGR During Forecast Period
Figure 25 North America Market Snapshot
Figure 26 Asia Pacific Market Snapshot
Figure 27 Digital Transformation Market: Competitive Leadership Mapping, 2017
Figure 28 Cognizant: Company Snapshot
Figure 29 SAP SE: Company Snapshot
Figure 30 Microsoft Corporation: Company Snapshot
Figure 31 Adobe Systems Incorporated: Company Snapshot
Figure 32 Accenture PLC: Company Snapshot
Figure 33 Capgemini: Company Snapshot
Figure 34 IBM Corporation: Company Snapshot
Figure 35 Oracle Corporation : Company Snapshot
Figure 36 Google Inc.: Company Snapshot
Figure 37 Hewlett Packard Enterprise: Company Snapshot
Figure 38 CA Technologies : Company Snapshot

The global digital transformation market is projected to grow from USD 205.99 Billion in 2017 to USD 493.39 Billion by 2022, at a CAGR of 19.1% from 2017 to 2022. Growing innovation in businesses, changing customer preferences, the rapid proliferation of mobile devices & apps, increasing penetration of IoT, and rising adoption of the cloud platform are some of the major factors driving the digital transformation market. The market has been segmented based on component, deployment type, end user, vertical, and region.

Based on component, the market has been classified into solution and service. The solution segment has been further segmented into cloud computing, big data & analytics, mobility, disruptive technology, and social media. The service segment has been further segmented into system integration and professional services. The service segment is expected to grow at a higher CAGR than the solution segment during the forecast period. Based on deployment type, the market has been segmented into cloud and on-premise. The cloud segment is estimated to account for a larger market share than the on-premise segment in 2017 and is also projected to register a higher CAGR during the forecast period. End users of digital transformation solutions and services include SMBs and enterprises. The SMBs segment is expected to register a higher CAGR than the enterprises segment during the forecast period. The verticals that use digital transformation solutions and services include BFSI (banking, financial services & insurance), healthcare, telecom & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, and government.

The geographical analysis of the digital transformation market includes regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The Asia Pacific digital transformation market is projected grow at the highest CAGR during the forecast period. Presence of emerging economies and government initiatives pertaining to the adoption of digital transformation solutions and services in the public sector are expected to fuel the market’s growth in this region. The presence of various developed as well as emerging economies, such as Japan, Singapore, Australia, India, and China, has made Asia Pacific a lucrative market for the IT industry. Furthermore, in this region, digital transformation solutions and services are increasingly used by companies to improve and streamline business processes and to facilitate informed business decision making.

One of the major factors restraining the growth of the market is the security and privacy concerns for confidential data. Security is a major issue while executing digital enablement technologies, thus endangering the success of digitization. As IoT becomes more widespread, organizations will increasingly require more robust security and privacy to prevent breaches. With the growing number of IoT-enabled systems, the number of security and privacy issues will also increase, and every endpoint, gateway, sensor, and smartphone will become a potential target for hackers. Furthermore, organizational data can be easily accessed on the go with the help of BYOD devices, such as smartphones, tablets, phablets, and laptops. The middleware application makes these devices portable, thereby making them vulnerable to loss of physical control and network security breaches. Using a portable device can increase the risk of data loss and exposure of data and device through network-based attacks to-and-from any system the device is connected to.

Key players in the digital transformation market include Cognizant (US), SAP (Germany), Dell EMC (US), Microsoft (US), Adobe Systems (US), Accenture (Ireland), Capgemini (France), IBM (US), Oracle (US), Google (US), HPE (US), and CA Technologies (US). These companies focus on growth strategies, such as partnerships, collaborations, contracts, mergers & acquisitions, new product launches, and business expansions to increase their market share in the digital transformation market.

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