Digital Transformation Market

Digital Transformation Market by Technology (Cloud Computing, Big Data and Analytics, Mobility/Social Media, Cybersecurity, AI, and IoT), Deployment Type, Organization Size, Vertical (BFSI, Retail, Education), and Region - Global Forecast to 2026

Report Code: TC 3447 Nov, 2021, by marketsandmarkets.com

The global Digital Transformation Market size is estimated to reach USD 1247.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period. The market for digital transformation was valued USD 521.5 billion in 2021. Various factors such as increasing spending on marketing and advertising activities by enterprises, changing landscape of customer intelligence to drive the market, and proliferation of customer channels are expected to drive the adoption of digital transformation technologies and services.

Digital Transformation Market

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COVID-19 Impact

COVID–19 has globally changed the dynamics of business operations. Though the COVID–19 outbreak has thrown light on weaknesses in business models across verticals, it has offered several opportunities to digitalize and expand their business across regions as the adoption and integration of technologies such as cloud, AI, analytics, IoT, and blockchain has increased in the lockdown period. The retail and manufacturing sectors faced a significant dip in business performance during the first and second quarters of 2020. However, with the availability of vaccines and considerable control achieved over the pandemic, these sectors are expected to witness rising investments throughout the forecast period as digital transformation solutions grow in prominence across different business functions.

Market Dynamics

Driver: Adoption and Scaling of Digital Initiatives

While digital pilots may yield positive results, industrials must deploy programs across the board to have a significant impact. Scaling up will necessitate the creation of new enterprise-wide business procedures. Because conventional channels, such as in-person encounters, will continue to be crucial, businesses will need to handle possible conflicts as their online presence expands. The most difficult component of any digitalization project is usually the adoption and scaling phase. Industrial firms must constantly reassess their priorities for domains, value levers, solutions, and use cases to prosper. AI-driven automation has proven useful in various applications across industries, including the aviation, medical, agriculture, energy, and material handling markets. AI is being used not only to automate tasks but also to diagnose equipment malfunctions or detect product anomalies. For instance, within the aviation industry, AI and ML can be used to predict peak travel times, assist with passenger check-in, and automate routine maintenance tasks.

Restraint: Data Security Concerns

The backbone of digital transformation solutions, data, remains a critically important aspect that most organizations find it difficult to manage. The inefficiency of managing exabytes and petabytes of data has increased the chances of security breaches and data losses. In today’s competitive marketplace, marketing teams require real-time and secure data to deliver an outstanding customer experience. Organizations are gathering data through multiple touchpoints and measure them virtually. Such data is used in support and communication and may include a variety of data types. These data types comprise public information, big data, and small data collected from customers. As IoT becomes more widespread, organizations will increasingly require more robust security and privacy to prevent breaches. The issue of security endangers the success of digitization. With the growing number of IoT-enabled systems, the number of security and privacy issues will also increase, and every endpoint, gateway, sensor, and smartphones will become a potential target for hackers. The 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 portable devices can increase the risk of data loss and exposure of data and devices through network-based attacks to-and-from any system.

This data can include permissions, individual preferences, and updated contact information on products, services, and communication platforms. Hence, vendors need to ensure high-level data security to maintain the customer trust. In recent times, cybercriminals have gained access to widespread tools to obtain anything from passwords to secret questions and token-generated passwords. In such situations, marketing and IT teams need to work concurrently, providing each other with insights on when and how the data is gathered, processed, and used in operations.

Such rampant attacks continue to hinder the widespread adoption of digital transformation across data-intensive industrial sectors. However, this scenario is expected to gradually change over the course of forecast period as the benefits of technology adoption continue to outweigh the risks associated and with overall developments on data security front.

Opportunity: Demand for Personalized Digital Transformation

Every enterprise faces different sets of business growth challenges, such as sales operation, enterprise collaboration, and digital customer base. Digital transformation solutions effectively handle challenges specific to the business segment as well as the industry sector. For instance, the same digital transformation solution that works for a textile manufacturing company cannot possibly work for an auto parts manufacturer. Hence, market vendors are offering highly personalized digital transformation solutions to address the business growth challenges of their customers. This level of personation is possible with enterprise data. Enterprises have huge volumes of enterprise data, which is growing exponentially. Most of these are usually not streamlined, which is also where advanced technologies, such as AI, big data, ML, and data analytics, generate actionable business insights and can create a huge difference in revenue elevation. Hence, market vendors focus on building personalized digital transformation solutions that meet the precise requirements of different industries and businesses.

Challenge: Integration of Data from Data Silos

Extracting value from data has become a key requirement for companies to successfully mitigate risks, target valuable customers, and evaluate business performance. Monetizing these data assets require the availability of a sufficient amount of data. However, data consolidation from distinct data sources into meaningful information can incite various new challenges for organizations, especially centralized business enterprises. Data exchange and data ecosystem deliver tools to analyze the collected data at a centralized location and help extract and cross-check business-critical components. The development of data exchanges and data ecosystems varies based on the assumptions made in the value of the data for each customer segment. Various digital transformation providers offer unified data aggregation and data analytics platforms that help users in successfully aggregating and analyzing data from disparate data sources. Data exchange is a major concern for industries, such as BFSI and healthcare, which deal with individual’s confidential data. As the need for data exchange increases, it needs to be balanced with risk mitigation capabilities. With companies adopting the digital transformation software integrated with data security capabilities, data exchange is not expected to be a major issue in the near future.

North America to account for largest market size during the forecast period

North America is expected to have the largest market share in the Digital Transformation Market. Key factors favoring the growth of the market in North America include the increasing technological advancements in the region. The growing number of digital transformation players across regions is expected to further drive market growth.

Digital Transformation Market by Region

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Key Market Players

The digital transformation market vendors have implemented various types of organic and inorganic growth strategies, such as new product launches, product upgradations, partnerships and agreements, business expansions, and mergers and acquisitions to strengthen their offerings in the market. The major vendors in the global market include Microsoft(US), IBM(US), SAP(Germany), Oracle(US), Google(US), Cognizant(US), HPE(US), Adobe(US), Accenture(Ireland), HCL Technologies(India), Broadcom(US), Equinix(US), Dell(US), Tibco(US) and Marlabs(US).

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Scope of the Report

Report Metrics

Details

Market size available for years

2015–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

USD Million

Segments covered

Technology, Deployment Mode, Organization Size, Industry Vertical, and Region

Geographies covered

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

Highest Market Region

North America

Digital Transformation Market Size in 2026

USD 1247.5 billion

Companies covered

Microsoft(US), IBM(US), SAP(Germany), Oracle(US), Google(US), Cognizant(US), HPE(US), Adobe(US), Accenture(Ireland), HCL Technologies(India), Broadcom(US), Equinix(US), Dell(US), Tibco(US), Marlabs(US), Alcor Solutions(US), Smart Stream(UK), Yash Technologies(US), Interfacing(Canada), Kissflow(India), Emudhra(India), Process Maker(US), Process Street(US), Happiest Minds(India), Scoro(UK), Brillio(US), and Aexonic Technologies(US).

This research report categorizes the digital transformation market based on components, type, deployment mode, organization size, application, vertical, and regions.

By Deployment Mode:

  • Cloud
  • On-premises

By Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises (SMEs)

By Technologies:

  • Cloud Computing
  • Big Data and Analytics
  • Mobility/Social Media
  • Cybersecurity
  • AI
  • IoT

By Vertical:

  • BFSI
  • Retail and eCommerce
  • IT and Telecom
  • Healthcare and Life Sciences
  • Education
  • Government and Defense
  • Media and Entertainment
  • Manufacturing

By Region:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Poland
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • ASEAN
    • Rest of APAC
  • MEA
    • UAE
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In April 2021, Oracle and SailGP, the world's finest sailing racing league, have expanded their successful Digital Transformation platform in preparation for the second season. Oracle Cloud Infrastructure (OCI) is used by SailGP to supply real-time data to each of the league's eight national teams, as well as broadcast partners and fans globally.
  • In April 2021, Oracle made its GoldenGate technology available as a highly automated, fully managed cloud service that clients can use to help ensure that their valuable data is always available and analyzable in real-time, wherever they need it.
  • In April 2020, IBM released novel AI-powered technologies. IBM released novel AI-powered technologies to help the Health and Research Community accelerate the discovery of medical insights and treatments for COVID-19.
  • In September 2019, Google introduced cloud storage connector for Predictive workloads. This solution allowed organizations to substitute their Hadoop Distributed File System (HDFS) with Google Cloud Storage.
  • In November 2018, HPE announced the extension of HPE InfoSight’s Digital Transformation and recommendation capabilities to HPE ProLiant servers, HPE Synergy compute modules, and HPE Apollo systems.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 34)
    1.1 INTRODUCTION TO COVID-19
    1.2 COVID-19 HEALTH ASSESSMENT
           FIGURE 1 COVID-19: GLOBAL PROPAGATION
           FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
    1.3 COVID-19 ECONOMIC ASSESSMENT
           FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
           1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
                    FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY
                    FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    1.4 OBJECTIVES OF THE STUDY
    1.5 MARKET DEFINITION
           1.5.1 INCLUSIONS AND EXCLUSIONS
    1.6 MARKET SCOPE
           1.6.1 MARKET SEGMENTATION
           1.6.2 REGIONS COVERED
           1.6.3 YEARS CONSIDERED FOR THE STUDY
    1.7 CURRENCY CONSIDERED
           TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2019
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 43)
    2.1 RESEARCH DATA
           FIGURE 6 DIGITAL TRANSFORMATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    TABLE 2 PRIMARY INTERVIEWS
                    2.1.2.1 Breakup of primary profiles
                    2.1.2.2 Key industry insights
    2.2 MARKET BREAKUP AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           FIGURE 8 MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           2.3.1 TOP-DOWN APPROACH
           2.3.2 BOTTOM-UP APPROACH
                    FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY-APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS/SERVICES OF THE DIGITAL TRANSFORMATION MARKET
                    FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY-APPROACH 2 - BOTTOM-UP (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL SOLUTIONS/SERVICES OF THE MARKET
                    FIGURE 11 MARKET SIZE ESTIMATION METHODOLOGY-APPROACH 3, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOFTWARE/ SERVICES OF THE MARKET
                    FIGURE 12 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
           TABLE 4 IMPACT OF COVID-19
    2.5 COMPANY EVALUATION MATRIX
           FIGURE 13 COMPANY EVALUATION MATRIX: CRITERIA WEIGHTAGE
    2.6 STARTUP/SME EVALUATION MATRIX METHODOLOGY
           FIGURE 14 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
    2.7 ASSUMPTIONS FOR THE STUDY
    2.8 LIMITATIONS OF THE STUDY

3 EXECUTIVE SUMMARY (Page No. - 57)
    TABLE 5 GLOBAL DIGITAL TRANSFORMATION MARKET SIZE AND GROWTH RATE, 2015–2020 (USD MILLION, Y-O-Y %)
    TABLE 6 GLOBAL MARKET SIZE AND GROWTH RATE, 2020–2026 (USD MILLION, Y-O-Y %)
    FIGURE 15 MARKET SNAPSHOT, BY TECHNOLOGY
    FIGURE 16 MARKET SNAPSHOT, BY DEPLOYMENT TYPE
    FIGURE 17 MARKET SNAPSHOT, BY ORGANIZATION SIZE
    FIGURE 18 MARKET SNAPSHOT, BY VERTICAL
    FIGURE 19 MARKET SNAPSHOT, BY REGION

4 PREMIUM INSIGHTS (Page No. - 61)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE DIGITAL TRANSFORMATION MARKET
           FIGURE 20 DEMAND FOR PERSONALIZED DIGITAL TRANSFORMATION TO DRIVE MARKET GROWTH DURING THE FORECAST PERIOD
    4.2 MARKET: BY REGION
           FIGURE 21 NORTH AMERICA ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2021
    4.3 MARKET: TOP THREE TECHNOLOGIES
           FIGURE 22 BANKING, FINANCIAL SERVICES AND INSURANCE SEGMENT TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
    4.4 MARKET, BY TECHNOLOGY AND VERTICAL
           FIGURE 23 CLOUD COMPUTING, AND BANKING, FINANCIAL SERVICES AND INSURANCE TO ACCOUNT FOR LARGEST SHARES IN THE MARKET IN 2021

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 63)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 24 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 machine learning and artificial intelligence
                    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 leading to the time-consuming restructuring of predictive models
                    5.2.2.2 Data security concerns
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising internet proliferation and growing usage of connected and integrated technologies
                    5.2.3.2 Increasing demand for real-time analytical solutions to track and monitor the COVID-19 spread
                    5.2.3.3 Demand for personalized digital transformation
           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 MARKET: COVID-19 IMPACT
    5.4 MARKET: EVOLUTION
           FIGURE 25 EVOLUTION OF DIGITAL TRANSFORMATION
    5.5 CASE STUDY ANALYSIS
           TABLE 7 USE CASES: PROMINENT INDUSTRY-WISE INSTANCES
           5.5.1 BANKING, FINANCIAL SERVICES AND INSURANCE
                    5.5.1.1 Case study 1: Cognizant’s AI and automation solution helps an insurance company improve the insurance claims process
                    5.5.1.2 Case study 2: Risk assessment
                    5.5.1.3 Case study 3: Make real-time decisions and reduce operational costs
           5.5.2 IT AND TELECOM
                    5.5.2.1 Case study: American Telecommunication Service Provider (TSP) collaborated with HCL to refine its digital journey
           5.5.3 RETAIL
                    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: Optimization of shopping experience of customers
                    5.5.3.3 Case study 3: Categorization of user behavior and improvement in a campaign targeting
           5.5.4 ENERGY AND UTILITIES
                    5.5.4.1 Case study 1: Easy access to exploration portfolio in oil and gas industry
                    5.5.4.2 Case study 2: Data centralization
           5.5.5 TRANSPORTATION AND LOGISTICS
                    5.5.5.1 Case study: Decisions related to route diversions based on live streaming traffic information
           5.5.6 HEALTHCARE
                    5.5.6.1 Case study 1: One of the leading healthcare companies 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 CHINA STAR OPTOELECTRONICS TECHNOLOGY CO LTD. (CSOT) boost production quality and throughput
                    5.5.7.2 Case study 2: Dell built 360-degree customer view
           5.5.8 EDUCATION
                    5.5.8.1 Case study: Using data modeling to accurately predict student performance and effectively decrease drop-out rates
           5.5.9 MEDIA AND ENTERTAINMENT
                    5.5.9.1 Case study 1: One of the world’s leading media conglomerates adopted HCL’s digital transformation solution to redefine user experience through human-centric design
                    5.5.9.2 Case study 2: Boost subscriber engagement and data-driven decision-making
           5.5.10 GOVERNMENT
                    5.5.10.1 Case study 1: By moving to Equinix’s TY3 facility OANDA was able to improve this time by 93%, providing its Japanese customers with real-time access to their foreign exchange trading market
                    5.5.10.2 Case study 2: Monetize and harness real-time data for community benefit
    5.6 PATENT ANALYSIS
           5.6.1 METHODOLOGY
           5.6.2 DOCUMENT TYPE
                    TABLE 8 PATENTS FILED, 2018–2021
           5.6.3 INNOVATION AND PATENT APPLICATIONS
                    FIGURE 26 TOTAL NUMBER OF PATENTS GRANTED IN A YEAR, 2018–2021
                    5.6.3.1 Top applicants
                               FIGURE 27 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS, 2018–2021
                               TABLE 9 TOP TEN PATENT OWNERS (US) IN THE DIGITAL TRANSFORMATION MARKET, 2018–2021
    5.7 SUPPLY/VALUE CHAIN ANALYSIS
           FIGURE 28 SUPPLY/VALUE CHAIN ANALYSIS
    5.8 PRICING MODEL ANALYSIS
    5.9 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 29 MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 10 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 TECHNOLOGY ANALYSIS
           5.10.1 AI AND DIGITAL TRANSFORMATION
           5.10.2 ML AND DIGITAL TRANSFORMATION
           5.10.3 IOT AND DIGITAL TRANSFORMATION
           5.10.4 CLOUD COMPUTING AND DIGITAL TRANSFORMATION
    5.11 REGULATORY IMPLICATIONS
           5.11.1 INTRODUCTION
           5.11.2 SARBANES-OXLEY ACT OF 2002
           5.11.3 GENERAL DATA PROTECTION REGULATION
           5.11.4 BASEL
    5.12 DIGITAL TRANSFORMATION MARKET ANALYSIS BY BUSINESS FUNCTION
                    FIGURE 30 DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION
           5.12.1 CUSTOMER TRANSFORMATION
           5.12.2 WORKFORCE TRANSFORMATION
           5.12.3 OPERATIONAL TRANSFORMATION
           5.12.4 PRODUCT TRANSFORMATION
    5.13 BEST PRACTICES
           5.13.1 SYNCHRONIZED EFFORTS
           5.13.2 CHANGE MANAGEMENT
           5.13.3 GAUGING THE PERSPECTIVE OF CUSTOMERS
           5.13.4 LEVERAGING THE LATEST TECHNOLOGY
    5.14 VALUE PROPOSITION – BY INDUSTRY
                    TABLE 11 VALUE PROPOSITION BY INDUSTRY

6 DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY (Page No. - 95)
    6.1 INTRODUCTION
           6.1.1 TECHNOLOGIES: MARKET DRIVERS
           6.1.2 TECHNOLOGIES: COVID-19 IMPACT
                    FIGURE 31 ARTIFICIAL INTELLIGENCE SEGMENT OF THE MARKET TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
                    TABLE 12 MARKET SIZE, BY TECHNOLOGY, 2015–2020 (USD MILLION)
                    TABLE 13 MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
    6.2 CLOUD COMPUTING
           6.2.1 FACTORS SUCH AS DATA SECURITY, FASTER DISASTER RECOVERY (DR), AND MEETING COMPLIANCE REQUIREMENTS DRIVE THE GROWTH OF THE MARKET
                    TABLE 14 CLOUD COMPUTING: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 15 CLOUD COMPUTING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.3 ARTIFICIAL INTELLIGENCE
           6.3.1 ENHANCEMENTS OF CUSTOMER SATISFACTION AND INCREASED PRODUCTIVITY THROUGH AI DRIVE THE GROWTH OF THE DIGITAL TRANSFORMATION MARKET
                    TABLE 16 ARTIFICIAL INTELLIGENCE: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 17 ARTIFICIAL INTELLIGENCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.4 BIG DATA AND ANALYTICS
           6.4.1 RISE IN THE AMOUNT OF THE UNSTRUCTURED DATA FROM SEVERAL SOURCES AND THE NEED TO OPTIMIZE LARGE WORKLOADS OF DATA LED TO VARIOUS ADVANCEMENTS IN BIG DATA AND ANALYTICS TECHNOLOGY
                    TABLE 18 BIG DATA AND ANALYTICS: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 19 BIG DATA AND ANALYTICS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.5 MOBILITY/SOCIAL MEDIA
           6.5.1 EXPANDING MOBILE WORKFORCE LEADING TO A RISE IN BRINGING YOUR OWN DEVICE TREND, RISING SECURITY CONCERNS, AND PROLIFERATION OF MOBILE APPLICATIONS LED TO VARIOUS ADVANCEMENTS IN THE DIGITAL TRANSFORMATION MARKET
                    TABLE 20 MOBILITY/SOCIAL MEDIA: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 21 MOBILITY/SOCIAL MEDIA: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.6 CYBERSECURITY
           6.6.1 GROWING CYBERATTACKS, DATA BREACHES, AND IDENTITY THEFTS LED TO THE INCREASED DEMAND FOR CYBERSECURITY TECHNOLOGY IN THE MARKET
                    TABLE 22 CYBERSECURITY: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 23 CYBERSECURITY: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.7 INTERNET OF THINGS
           6.7.1 CONCEPT OF IOT HELPED ORGANIZATIONS ACROSS VERTICALS TO INCREASE OPERATIONAL EFFICIENCY AND PROVIDE PROFICIENT CUSTOMER SERVICE LEADING TO ADVANCEMENTS IN DIGITAL TRANSFORMATION
                    TABLE 24 INTERNET OF THINGS: DIGITAL TRANSFORMATION MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 25 INTERNET OF THINGS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    6.8 OTHER TECHNOLOGIES
           TABLE 26 OTHER TECHNOLOGIES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
           TABLE 27 OTHER TECHNOLOGIES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

7 DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT TYPE (Page No. - 108)
    7.1 INTRODUCTION
           7.1.1 DEPLOYMENT TYPES: MARKET DRIVERS
           7.1.2 DEPLOYMENT TYPES: COVID-19 IMPACT
                    FIGURE 32 CLOUD SEGMENT TO LEAD THE MARKET IN 2021
                    TABLE 28 MARKET SIZE, BY DEPLOYMENT TYPE, 2015–2020 (USD MILLION)
                    TABLE 29 MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
    7.2 ON-PREMISES
           7.2.1 BETTER DATA GOVERNANCE, CONTROL, AND SECURITY WILL DRIVE THE ADOPTION OF ON-PREMISES SOLUTIONS
                    TABLE 30 ON-PREMISES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 31 ON-PREMISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.3 CLOUD
           7.3.1 AVAILABILITY OF SUBSCRIPTION-BASED CLOUD SOLUTIONS OFFERS FLEXIBILITY AND EASE OF ADOPTION TO END USERS
                    TABLE 32 CLOUD: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 33 CLOUD: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

8 DIGITAL TRANSFORMATION MARKET, BY ORGANIZATION SIZE (Page No. - 114)
    8.1 INTRODUCTION
           8.1.1 ORGANIZATION SIZE: MARKET DRIVERS
           8.1.2 ORGANIZATION SIZE: COVID-19 IMPACT
                    FIGURE 33 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
                    TABLE 34 MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                    TABLE 35 MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
    8.2 SMALL AND MEDIUM-SIZED ENTERPRISES
           8.2.1 DIGITAL TRANSFORMATION SOLUTIONS ENABLE SMES TO CARVE OUT A NICHE FOR THEMSELVES WITHIN COMPETITIVE MARKETS
                    TABLE 36 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 37 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.3 LARGE ENTERPRISES
           8.3.1 DIGITAL TRANSFORMATION OF LARGE ENTERPRISES HELPS ACHIEVE A UNIQUE VALUE PROPOSITION FOR BUSINESSES
                    TABLE 38 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 39 LARGE ENTERPRISES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

9 DIGITAL TRANSFORMATION MARKET, BY VERTICAL (Page No. - 120)
    9.1 INTRODUCTION
           9.1.1 VERTICALS: MARKET DRIVERS
           9.1.2 VERTICALS: COVID-19 IMPACT
                    FIGURE 34 HEALTHCARE AND LIFE SCIENCES VERTICAL TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
                    TABLE 40 MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                    TABLE 41 MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
    9.2 BANKING, FINANCIAL SERVICES AND INSURANCE
           9.2.1 IMPROVE BUSINESS PERFORMANCE, REDUCE COST, AND CHURN THROUGH DIGITAL TRANSFORMATION SOLUTIONS
                    TABLE 42 BANKING, FINANCIAL SERVICES AND INSURANCE: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 43 BANKING, FINANCIAL SERVICES AND INSURANCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.3 RETAIL AND ECOMMERCE
           9.3.1 ADOPTION OF DIGITAL TRANSFORMATION SOLUTIONS BOOSTING BUSINESS DECISION PERFORMANCE AND PROFIT MARGINS
                    TABLE 44 RETAIL AND ECOMMERCE: DIGITAL TRANSFORMATION MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 45 RETAIL AND ECOMMERCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.4 TELECOM AND IT
           9.4.1 USAGE OF SMARTPHONES, COMPLEXITY IN THE TELECOM INDUSTRY, AND INCREASING SERVICE PROVIDERS MAKING A RAPID GROWTH FOR THE MARKET
                    TABLE 46 TELECOM AND IT: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 47 TELECOM AND IT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.5 MEDIA AND ENTERTAINMENT
           9.5.1 RISING CONTENT CONSUMPTION, DIGITAL ENTERTAINMENT, AND CLOUD ADOPTION GENERATING DEMAND FOR DIGITAL TRANSFORMATION
                    TABLE 48 MEDIA AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 49 MEDIA AND ENTERTAINMENT: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.6 MANUFACTURING
           9.6.1 ADOPTION OF DIGITAL TRANSFORMATION BOOSTING PERFORMANCE AND IMPROVING DECISION-MAKING
                    TABLE 50 MANUFACTURING: DIGITAL TRANSFORMATION MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 51 MANUFACTURING: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.7 HEALTHCARE AND LIFE SCIENCES
           9.7.1 REAL-TIME DECISION-MAKING TO PROVIDE NEW INNOVATIVE SOLUTIONS AND DELIVER PROPER INSIGHTS FOR PATIENTS BOOSTING THE NEED FOR DIGITAL TRANSFORMATION SOLUTIONS
                    TABLE 52 HEALTHCARE AND LIFESCIENCES: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 53 HEALTHCARE AND LIFESCIENCES: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.8 EDUCATION
           9.8.1 INCREASING DEMAND FOR PLATFORM-INDEPENDENT OR CROSS-PLATFORM APPLICATIONS FROM THE EDUCATION VERTICAL PROVIDES HUGE GROWTH OPPORTUNITIES FOR DIGITAL TRANSFORMATION
                    TABLE 54 EDUCATION: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 55 EDUCATION: DIGITAL TRANSFORMATION MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.9 GOVERNMENT AND DEFENSE
           9.9.1 TAX COLLECTION, SAFETY, PUBLIC INTEREST, AND SHARING OF CRITICAL DATA ON INTERNATIONAL LEVELS, TO INCREASINGLY ADOPT DIGITAL TRANSFORMATION SOLUTIONS LEADING TO THE GROWTH OF THE MARKET
                    TABLE 56 GOVERNMENT AND DEFENSE: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                    TABLE 57 GOVERNMENT AND DEFENSE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    9.10 OTHER VERTICALS
           TABLE 58 OTHER VERTICALS: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
           TABLE 59 OTHER VERTICALS: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

10 DIGITAL TRANSFORMATION MARKET, BY REGION (Page No. - 136)
     10.1 INTRODUCTION
               FIGURE 35 JAPAN TO ACCOUNT FOR THE HIGHEST CAGR DURING THE FORECAST PERIOD
               FIGURE 36 ASIA PACIFIC TO ACCOUNT FOR THE HIGHEST CAGR THE DURING FORECAST PERIOD
               TABLE 60 MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
               TABLE 61 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
             10.2.1 NORTH AMERICA: MARKET DRIVERS
             10.2.2 NORTH AMERICA: COVID-19 IMPACT
                       TABLE 62 NORTH AMERICA: PROMINENT PLAYERS
             10.2.3 NORTH AMERICA: REGULATIONS
                       10.2.3.1 Personal Information Protection and Electronic Documents Act (PIPEDA)
                       10.2.3.2 Gramm–Leach–Bliley (GLB) Act
                       10.2.3.3 Health Insurance Portability and Accountability Act (HIPAA) of 1996
                       10.2.3.4 Federal Information Security Management Act (FISMA)
                       10.2.3.5 Federal Information Processing Standards (FIPS)
                       10.2.3.6 California Consumer Privacy Act (CSPA)
                                   FIGURE 37 NORTH AMERICA: MARKET SNAPSHOT
                                   TABLE 63 NORTH AMERICA: DIGITAL TRANSFORMATION MARKET SIZE, BY TECHNOLOGY, 2015–2020 (USD MILLION)
                                   TABLE 64 NORTH AMERICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                                   TABLE 65 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                                   TABLE 66 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                                   TABLE 67 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 68 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 69 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 70 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 71 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2015–2020 (USD MILLION)
                                   TABLE 72 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             10.2.4 UNITED STATES
                       10.2.4.1 Rapid adoption and use of digitally innovative solutions, the presence of tech-giants, and the increased use of the internet to drive the digital transformation market growth
             10.2.5 CANADA
                       10.2.5.1 Startup ecosystem and the transformation into data-driven organizations to drive the growth of digital transformation solutions in Canada
     10.3 EUROPE
             10.3.1 EUROPE: MARKET DRIVERS
             10.3.2 EUROPE: COVID-19 IMPACT
                       TABLE 73 EUROPE: PROMINENT PLAYERS
             10.3.3 EUROPE: REGULATIONS
                       10.3.3.1 General Data Protection Regulation (GDPR)
                       10.3.3.2 European Committee for Standardization (CEN)
                       10.3.3.3 EU’s General Court
                                   TABLE 74 EUROPE: DIGITAL TRANSFORMATION MARKET SIZE, BY TECHNOLOGY, 2015–2020 (USD MILLION)
                                   TABLE 75 EUROPE: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                                   TABLE 76 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                                   TABLE 77 EUROPE: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                                   TABLE 78 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 79 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 80 EUROPE: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 81 EUROPE: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 82 EUROPE: MARKET SIZE, BY COUNTRY, 2015–2020 (USD MILLION)
                                   TABLE 83 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             10.3.4 UNITED KINGDOM
                       10.3.4.1 Advanced IT infrastructure, technologies, and continued transition toward online services to drive the growth of digital transformation solutions in the UK
             10.3.5 GERMANY
                       10.3.5.1 Government initiatives for technological developments in the manufacturing vertical to drive the growth of digital transformation solutions in Germany
             10.3.6 FRANCE
                       10.3.6.1 Heavy R&D investments, digitalization, and strong hold of retail and manufacturing verticals to drive the growth of the digital transformation market in France
             10.3.7 POLAND
                       10.3.7.1 Large enterprises adopt digital transformation solutions to implement innovation in their business processes
             10.3.8 REST OF EUROPE
     10.4 ASIA PACIFIC
             10.4.1 ASIA PACIFIC: MARKET DRIVERS
             10.4.2 ASIA PACIFIC: COVID-19 IMPACT
                       TABLE 84 APAC: PROMINENT PLAYERS
             10.4.3 ASIA PACIFIC: REGULATIONS
                       10.4.3.1 Personal Data Protection Act (PDPA)
                       10.4.3.2 International Organization for Standardization (ISO) 27001
                                   FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
                                   TABLE 85 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET SIZE, BY TECHNOLOGY, 2015–2020 (USD MILLION)
                                   TABLE 86 ASIA PACIFIC: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                                   TABLE 87 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD MILLION)
                                   TABLE 88 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
                                   TABLE 89 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 90 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 91 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 92 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 93 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2015–2020 (USD MILLION)
                                   TABLE 94 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             10.4.4 CHINA
                       10.4.4.1 Use of digital transformation services for driving policy support and technological investments to fuel the adoption of digital transformation in China
             10.4.5 JAPAN
                       10.4.5.1 Rise of innovative technologies and collaboration between governments and businesses for digital transformation in Japan
             10.4.6 INDIA
                       10.4.6.1 Local entrepreneurs with the shift in technologies to provide support to Indian companies in the digital transformation market
             10.4.7 ASEAN
             10.4.8 REST OF ASIA PACIFIC
     10.5 MIDDLE EAST AND AFRICA
             10.5.1 MIDDLE EAST AND AFRICA: MARKET DRIVERS
             10.5.2 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
                       TABLE 95 MIDDLE EAST AND AFRICA: PROMINENT PLAYERS
             10.5.3 MIDDLE EAST AND AFRICA: REGULATIONS
                       10.5.3.1 Israeli Privacy Protection Regulations (Data Security), 5777-2017
                       10.5.3.2 GDPR Applicability in KSA
                       10.5.3.3 Protection of Personal Information Act (POPIA)
                                   TABLE 96 MIDDLE EAST AND AFRICA: DIGITAL TRANSFORMATION MARKET SIZE, BY TECHNOLOGY, 2015–2020 (USD MILLION)
                                   TABLE 97 MIDDLE EAST AND AFRICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                                   TABLE 98 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT TYPE, 2015–2020 (USD MILLION)
                                   TABLE 99 MIDDLE EAST AND AFRICA: MARKET SIZE, BY DEPLOYMENT TYPE 2021–2026 (USD MILLION)
                                   TABLE 100 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 101 MIDDLE EAST AND AFRICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 102 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 103 MIDDLE EAST AND AFRICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 104 MIDDLE EAST AND AFRICA: MARKET SIZE, BY REGION, 2015–2020 (USD MILLION)
                                   TABLE 105 MIDDLE EAST AND AFRICA: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
             10.5.4 UNITED ARAB EMIRATES
                       10.5.4.1 New investments, strategies, and products to drive the adoption of digital transformation solutions in the region
             10.5.5 SOUTH AFRICA
                       10.5.5.1 Growing digitalization in African countries to offer opportunities for deploying digital transformation solutions in South Africa
             10.5.6 REST OF MIDDLE EAST AND AFRICA
                       10.5.6.1 Increase in globalization to offer opportunities to deploy digital transformation solutions in the rest of MEA
     10.6 LATIN AMERICA
             10.6.1 LATIN AMERICA: MARKET DRIVERS
             10.6.2 LATIN AMERICA: COVID-19 IMPACT
                       TABLE 106 LATIN AMERICA: PROMINENT PLAYERS
             10.6.3 LATIN AMERICA: REGULATIONS
                       10.6.3.1 Brazil Data Protection Law
                       10.6.3.2 Argentina Personal Data Protection Law No. 25.326
                                   TABLE 107 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET SIZE, BY TECHNOLOGY, 2015–2020 (USD MILLION)
                                   TABLE 108 LATIN AMERICA: MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD MILLION)
                                   TABLE 109 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT TYPE, 2015–2020 (USD MILLION)
                                   TABLE 110 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
                                   TABLE 111 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD MILLION)
                                   TABLE 112 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
                                   TABLE 113 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2015–2020 (USD MILLION)
                                   TABLE 114 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
                                   TABLE 115 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2015–2020 (USD MILLION)
                                   TABLE 116 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
             10.6.4 BRAZIL
                       10.6.4.1 Increased use of internet, technologies, and government organizations to increase the demand in Brazil
             10.6.5 MEXICO
                       10.6.5.1 Increasing trade, rising customer base, and government initiatives to fuel the growth of digital transformation
             10.6.6 REST OF LATIN AMERICA

11 COMPETITIVE LANDSCAPE (Page No. - 181)
     11.1 OVERVIEW
     11.2 KEY PLAYER STRATEGIES
               FIGURE 39 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN THE DIGITAL TRANSFORMATION MARKET
     11.3 REVENUE ANALYSIS
               FIGURE 40 REVENUE ANALYSIS FOR KEY COMPANIES IN THE PAST FIVE YEARS
     11.4 MARKET SHARE ANALYSIS
               FIGURE 41 MARKET: MARKET SHARE ANALYSIS
               TABLE 117 MARKET: DEGREE OF COMPETITION
     11.5 COMPANY EVALUATION QUADRANT
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                       FIGURE 42 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2021
     11.6 STARTUP/SME EVALUATION QUADRANT
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                       FIGURE 43 DIGITAL TRANSFORMATION MARKET (STARTUP) COMPETITIVE LEADERSHIP MAPPING, 2021
     11.7 COMPETITIVE BENCHMARKING
               TABLE 118 COMPANIES TOP THREE SOLUTIONS FOOTPRINT
               TABLE 119 COMPANY REGION FOOTPRINT
     11.8 COMPETITIVE SCENARIO
             11.8.1 PRODUCT LAUNCHES
                       TABLE 120 PRODUCT LAUNCHES, JANUARY 2018–MAY 2021
             11.8.2 DEALS
                       TABLE 121 DEALS, JANUARY 2018– MAY 2021
             11.8.3 OTHERS
                       TABLE 122 OTHERS, 2019–2021

12 COMPANY PROFILES (Page No. - 195)
     12.1 INTRODUCTION
     12.2 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             12.2.1 MICROSOFT
                       TABLE 123 MICROSOFT: BUSINESS OVERVIEW
                       FIGURE 44 MICROSOFT: COMPANY SNAPSHOT
                       TABLE 124 MICROSOFT: SOLUTIONS OFFERED
                       TABLE 125 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 126 MICROSOFT: DEALS
             12.2.2 IBM
                       TABLE 127 IBM: BUSINESS OVERVIEW
                       FIGURE 45 IBM: COMPANY SNAPSHOT
                       TABLE 128 IBM: SOLUTIONS OFFERED
                       TABLE 129 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 130 IBM: DEALS
                       TABLE 131 IBM: OTHERS
             12.2.3 SAP
                       TABLE 132 SAP: BUSINESS OVERVIEW
                       FIGURE 46 SAP: COMPANY SNAPSHOT
                       TABLE 133 SAP: SOLUTIONS OFFERED
                       12.2.3.3 Recent developments
                                   TABLE 134 SAP: PRODUCT LAUNCHES AND ENHANCEMENTS
                                   TABLE 135 SAP: DEALS
                                   TABLE 136 SAP: OTHERS
             12.2.4 ORACLE
                       TABLE 137 ORACLE: BUSINESS OVERVIEW
                       FIGURE 47 ORACLE: COMPANY SNAPSHOT
                       TABLE 138 ORACLE: SOLUTIONS OFFERED
                       TABLE 139 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 140 ORACLE: DEALS
                       TABLE 141 ORACLE: OTHERS
             12.2.5 GOOGLE
                       TABLE 142 GOOGLE: BUSINESS OVERVIEW
                       FIGURE 48 GOOGLE: COMPANY SNAPSHOT
                       TABLE 143 GOOGLE: SOLUTIONS OFFERED
                       TABLE 144 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 145 GOOGLE: DEALS
             12.2.6 COGNIZANT
                       TABLE 146 COGNIZANT: BUSINESS OVERVIEW
                       FIGURE 49 COGNIZANT: COMPANY SNAPSHOT
                       TABLE 147 COGNIZANT: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 148 COGNIZANT: DEALS
             12.2.7 HPE
                       TABLE 149 HPE: BUSINESS OVERVIEW
                       FIGURE 50 HPE: COMPANY SNAPSHOT
                       TABLE 150 HPE: SOLUTIONS OFFERED
                       TABLE 151 HPE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 152 HPE: DEALS
                       TABLE 153 HPE: OTHERS
             12.2.8 ADOBE
                       TABLE 154 ADOBE: BUSINESS OVERVIEW
                       FIGURE 51 ADOBE: COMPANY SNAPSHOT
                       TABLE 155 ADOBE: SOLUTIONS OFFERED
                       TABLE 156 ADOBE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 157 ADOBE: DEALS
             12.2.9 ACCENTURE
                       TABLE 158 ACCENTURE: BUSINESS OVERVIEW
                       FIGURE 52 ACCENTURE: COMPANY SNAPSHOT
                       TABLE 159 ACCENTURE: SOLUTIONS OFFERED
                       TABLE 160 ACCENTURE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 161 ACCENTURE: DEALS
                       TABLE 162 ACCENTURE: OTHERS
             12.2.10 HCL TECHNOLOGIES
                       TABLE 163 HCL TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 53 HCL TECHNOLOGIES: COMPANY SNAPSHOT
                       TABLE 164 HCL TECHNOLOGIES: SOLUTIONS OFFERED
                       TABLE 165 HCL TECHNOLOGIES: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 166 HCL TECHNOLOGIES: DEALS
             12.2.11 BROADCOM
                       TABLE 167 BROADCOM: BUSINESS OVERVIEW
                       FIGURE 54 BROADCOM: COMPANY SNAPSHOT
                       TABLE 168 BROADCOM: SOLUTIONS OFFERED
                       TABLE 169 BROADCOM: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 170 BROADCOM: DEALS
             12.2.12 EQUINIX
                       TABLE 171 EQUINIX: BUSINESS OVERVIEW
                       FIGURE 55 EQUINIX: COMPANY SNAPSHOT
                       TABLE 172 EQUINIX: SOLUTIONS OFFERED
                       TABLE 173 EQUINIX: DEALS
                       TABLE 174 EQUINIX: OTHERS
             12.2.13 DELL
                       TABLE 175 DELL: BUSINESS OVERVIEW
                       TABLE 176 DELL: SOLUTIONS OFFERED
                       TABLE 177 DELL: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 178 DELL: DEALS
             12.2.14 TIBCO SOFTWARE
                       TABLE 179 TIBCO SOFTWARE: BUSINESS OVERVIEW
                       TABLE 180 TIBCO SOFTWARE: SOLUTIONS OFFERED
                       TABLE 181 TIBCO SOFTWARE: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 182 TIBCO SOFTWARE: DEALS
             12.2.15 MARLABS
                       TABLE 183 MARLABS: BUSINESS OVERVIEW
                       TABLE 184 MARLABS: SOLUTIONS OFFERED
                       TABLE 185 MARLABS: PRODUCT LAUNCHES AND ENHANCEMENTS
                       TABLE 186 MARLABS: DEALS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
     12.3 OTHER KEY PLAYERS
             12.3.1 ALCOR SOLUTIONS
             12.3.2 SMARTSTREAM
             12.3.3 YASH TECHNOLOGIES
             12.3.4 INTERFACING
             12.3.5 KISSFLOW
             12.3.6 EMUDHRA
             12.3.7 PROCESS MAKER
             12.3.8 PROCESS STREET
             12.3.9 HAPPIEST MINDS
             12.3.10 SCORO
             12.3.11 BRILLIO
             12.3.12 AEXONIC TECHNOLOGIES

13 APPENDIX (Page No. - 264)
     13.1 ADJACENT AND RELATED MARKETS
             13.1.1 INTRODUCTION
             13.1.2 CLOUD COMPUTING MARKET—GLOBAL FORECAST TO 2025
                       13.1.2.1 Market definition
                       13.1.2.2 Market overview
                                   13.1.2.2.1 Cloud computing market, by service model
                                                TABLE 187 CLOUD COMPUTING MARKET SIZE, BY SERVICE MODEL, 2016–2019 (USD BILLION)
                                                TABLE 188 CLOUD COMPUTING MARKET SIZE, BY SERVICE MODEL, 2020–2025 (USD BILLION)
                                   13.1.2.2.2 Cloud computing market, by deployment model
                                                TABLE 189 CLOUD COMPUTING MARKET SIZE, BY DEPLOYMENT MODEL, 2016–2019 (USD BILLION)
                                                TABLE 190 CLOUD COMPUTING MARKET SIZE, BY DEPLOYMENT MODEL, 2020–2025 (USD BILLION)
                                   13.1.2.2.3 Cloud computing market, by organization size
                                                TABLE 191 CLOUD COMPUTING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2019 (USD BILLION)
                                                TABLE 192 CLOUD COMPUTING MARKET SIZE, BY ORGANIZATION SIZE, 2020–2025 (USD BILLION)
                                   13.1.2.2.4 Cloud computing market, by industry vertical
                                                TABLE 193 CLOUD COMPUTING MARKET SIZE, BY VERTICAL, 2016–2019 (USD BILLION)
                                                TABLE 194 CLOUD COMPUTING MARKET SIZE, BY VERTICAL, 2020–2025 (USD BILLION)
                                   13.1.2.2.5 Cloud computing market, by region
                                                TABLE 195 CLOUD COMPUTING MARKET SIZE, BY REGION, 2016–2019 (USD BILLION)
                                                TABLE 196 CLOUD COMPUTING MARKET SIZE, BY REGION, 2020–2025 (USD BILLION)
             13.1.3 ARTIFICIAL INTELLIGENCE MARKET - GLOBAL FORECAST TO 2026
                       13.1.3.1 Market definition
                       13.1.3.2 Market overview
                                   13.1.3.2.1 Artificial intelligence market, by offering
                                                TABLE 197 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY OFFERING, 2015–2020 (USD BILLION)
                                                TABLE 198 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY OFFERING, 2021–2026 (USD BILLION)
                                   13.1.3.2.2 Artificial intelligence market, by deployment mode
                                                TABLE 199 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY DEPLOYMENT MODE, 2015–2020 (USD BILLION)
                                                TABLE 200 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD BILLION)
                                   13.1.3.2.3 Artificial intelligence market, by organization size
                                                TABLE 201 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY ORGANIZATION SIZE, 2015–2020 (USD BILLION)
                                                TABLE 202 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD BILLION)
                                   13.1.3.2.4 Artificial intelligence market, by technology
                                                TABLE 203 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY TECHNOLOGY, 2015–2020 (USD BILLION)
                                                TABLE 204 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY TECHNOLOGY, 2021–2026 (USD BILLION)
                                   13.1.3.2.5 Artificial intelligence market, by industry vertical
                                                TABLE 205 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY VERTICAL, 2015–2020 (USD BILLION)
                                                TABLE 206 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY VERTICAL, 2021–2026 (USD BILLION)
                                   13.1.3.2.6 Artificial intelligence market, by region
                                                TABLE 207 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2015–2020 (USD BILLION)
                                                TABLE 208 ARTIFICIAL INTELLIGENCE MARKET SIZE, BY REGION, 2021–2026 (USD BILLION)
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The research study for the digital transformation market report involved the use of extensive secondary sources, directories, as well as several journals and magazines to identify and collect information that is useful for this technical and market-oriented study. During the production cycle of the report, in-depth interviews were conducted with various primary respondents, including key opinion leaders, subject-matter experts, high-level executives of various companies offering digital transformation solutions and services, and industry consultants, to obtain and verify critical qualitative and quantitative information, as well as, assess the market prospects and industry trends.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, investor presentations of companies; white papers; journals; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

Various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief X Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from digital transformation solution vendors, system integrators, professional service providers, industry associations, and consultants; and key opinion leaders. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

The following is the breakup of primary profiles:

Digital Transformation Market  Size, and Share

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

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the global digital transformation market and various other dependent subsegments. The research methodology used to estimate the market size included the following details: the key players not limited to IBM, Microsoft, SAP, Oracle, Adobe and Google in the market were identified through extensive secondary research, and their revenue contribution in the respective regions were determined through primary and secondary research. The entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage splits and breakups were determined using secondary sources and verified through primary sources.

All the possible parameters that affect the market covered in the research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The data is consolidated and added with detailed inputs and analysis from MarketsandMarkets.

  • The pricing trend is assumed to vary over time.
  • All the forecasts are made with the standard assumption that the accepted currency is USD.
  • For the conversion of various currencies to USD, average historical exchange rates are used according to the year specified. For all the historical and current exchange rates required for calculations and currency conversions, the US Internal Revenue Service's website is used.
  • All the forecasts are made under the standard assumption that the globally accepted currency USD remains constant during the next five years.
  • Vendor-side analysis: The market size estimates of associated solutions and services are factored in from the vendor side by assuming an average of licensing and subscription-based models of leading and innovative vendors in the market.
  • Demand/end-user analysis: End users operating in verticals across regions are analyzed in terms of market spending on digital transformation solutions based on some of the key use cases. These factors for the digital transformation industry per region are separately analyzed, and the average spending was extrapolated with an approximation based on assumed weightage. This factor is derived by averaging various market influencers, including recent developments, regulations, mergers and acquisitions, enterprise/SME adoption, startup ecosystem, IT spending, technology propensity and maturity, use cases, and the estimated number of organizations per region.

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. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

    Report Objectives

    • To define, describe, and predict the digital transformation market by organization size, deployment mode, technology, vertical, and region
    • To provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
    • To analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
    • To forecast the market size of segments for five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
    • To profile key players and comprehensively analyze their market rankings and core competencies
    • To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the market
    • To analyze the impact of the COVID-19 pandemic on the digital transformation market

    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 provides a detailed comparison of the product portfolio of each company

    Geographic Analysis

    • Further breakup of the North American digital transformation market
    • Further breakup of the European market
    • Further breakup of the APAC market
    • Further breakup of the Latin American market
    • Further breakup of the MEA market

    Company Information

    • Detailed analysis and profiling of additional market players up to 5
Digital Transformation Market Size,  Share & Growth Report
Report Code
TC 3447
Published ON
Nov, 2021
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