Growth Rate of Digital Transformation Market Evaluated for Period of 2016 to 2023

1. 17.5% Growth Rate of Digital 17.5% Growth Rate of Digital Transformation Market Evaluated for Transformation Market Evaluated for Period of 2016 to 2023 Period of 2016 to 2023 "The global digital transformation market is expected to witness growth with a CAGR of 17.5 % during the forecast period. Digital transformation is the integration of digital technology in all areas of business that results in fundamental changes in how the service is delivered to the customers and how the business is operated." The digital transformation technology enables an organization to serve changing customer preferences towards digitization and augment operational efficiency. The increasing adoption of cloud services and rising penetration of the internet of things, coupled with the rapid proliferation of mobile apps and devices, are driving the growth of the digital transformation market in recent years. However, increasing security and privacy concerns among the population are obstructing the growth of the market. At the same time, the lack of trained and skilled professionals also hampers the growth of the market. CONTACT FOR SAMPLE PDF CONTACT FOR SAMPLE PDF @ @ https://www.alltheresearch.com/sample-request/15 Moreover, the increasing demand for industrial automation is creating opportunities for the market during the forecast period. Automation is the integration of the mechanical system with IT systems, as IT system provides benefits such as effortless monitoring, increased speed of production, reduction of waste, and others. Owing to these benefits, companies are now adopting the digital transformation platform, which is driving the growth of the digital transformation market. In recent years, the retail industry is witnessing the change in its business model due to the adoption of digital transformation strategies. At the same time, the industry is also witnessing new trends such as omnichannel improvements, cognitive computing, card less checkouts, and others, due to digital transformation. Further, the increasing use of E-commerce and click-and-collect websites is creating opportunities for the digital transformation market in the retail industry. The ripple effect of Coronavirus-Covid19 on the market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Ecosystem. Key datasets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more. https://www.alltheresearch.com/impactC19-request/15

2. The digital transformation market is segmented on the basis of region as North America, Asia Pacific, Europe, Middle East, and Africa. North America dominated the market in 2018 and is expected to show similar trends in the coming years. The region is home to the major players that focus on research and development, in order to increase their market share. In addition to this, the increasing adoption of digital transformation by organizations is boosting the growth of the digital transformation market in the region. CONTACT FOR MORE CUSTOMIZATION CONTACT FOR MORE CUSTOMIZATION @ @ https://www.alltheresearch.com/customization/15 The key players of the market are IBM Corporation, SAP SE, Google LLC, CA Technologies, Oracle Corporation, Adobe Inc., Accenture PLC, Dell EMC, Cognizant, Oracle Corporation, Microsoft Corporation, and others. Companies operating in this market are concentrating on research and development, along with acquisitions & mergers and innovation in products, in order to strengthen their market share. For instance, In November 2018, Oracle announced the inauguration of a new customer innovation centre, which is mainly focused on providing digital transformation platforms for the public sector in Brazil. With this launch, the company is trying to promote its product in the public sector. ABOUT ALLTHERESEARCH: ABOUT ALLTHERESEARCH: AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realise, that it’s not just sheer data-points, but the right analysis that creates a difference. FOR ALL YOUR RESEARCH NEEDS, REACH OUT TO US AT: FOR ALL YOUR RESEARCH NEEDS, REACH OUT TO US AT: Email: contactus@alltheresearch.com Phone: 1-888-691-6870 Address: 39180 Liberty Street Suite 110, Fremont, CA 94538, USA