IBM (US) and Oracle (US) are leading players in Digital Transformation Market
The digital transformation market size is to grow from USD 695.5 billion in 2023 to USD 3,144.9 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period. Rapid advancements in technology, such as cloud computing, artificial intelligence (AI), Internet of Things (IoT), big data analytics, and blockchain.
Some major players in the infrastructure as code market include Microsoft (US), SAP (Germany), Baidu (China), Adobe Systems (US), Alibaba (China), IBM (US), Google (US), Marlabs (US), Salesforce (US), Broadcom (USScitara (US), Intrinsic (US), and Soundful (US). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the global digital transformation market.
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Oracle is a multinational technology company that specializes in developing and providing a wide range of software and hardware solutions for businesses. Oracle's primary focus is on enterprise software solutions, particularly in the areas of database management systems, cloud infrastructure, and enterprise resource planning (ERP) software. The company offers a comprehensive suite of products and services designed to help businesses manage and analyze their data, automate their processes, and enhance decision-making. Oracle has made significant investments in cloud computing and offers a comprehensive portfolio of cloud-based services. This includes Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) offerings. Oracle Cloud Infrastructure (OCI) provides a robust and scalable cloud platform for businesses to run their applications and store their data. It has a global presence across the Americas, Europe, Asia Pacific, and Middle East & Africa.
IBM is a globally renowned technology and consulting company with a long-standing history of innovation and leadership in the IT industry. With a strong presence across multiple business segments, IBM offers a diverse range of products, services, and solutions to cater to the needs of enterprises worldwide. It serves several industries, including aerospace and defense, government, manufacturing, healthcare, oil & gas, automotive, electronics, insurance, retail & consumer goods, banking & finance, life sciences, telecommunications, media & entertainment, chemicals, and more. With customers in more than 175 nations, IBM has a significant presence in the Americas, Europe, the Middle East & Africa, as well as Asia Pacific. It was now the preferred platform for all corporate applications. IBM focuses on advanced technologies like artificial intelligence (AI), data analytics, and cloud platforms. The flagship offering within this segment is Watson, an AI platform renowned for its natural language processing and machine learning capabilities. Watson enables organizations to analyze vast amounts of data, derive valuable insights, and enhance decision-making processes across various industries.
Related Reports:
Digital Transformation Market by Offering (Solutions & Services), Technology (Cloud Computing, Big Data & Analytics, Blockchain, Cybersecurity, AI), Business Function (Accounting & Finance, IT, HR), Vertical,& Region - Global Forecast to 2030
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