Wednesday, March 22, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

Digital Transformation Market is estimated to gain $1,548.9 billion by 2027

Press Room by Press Room
October 8, 2022
in Press Release
Share on FacebookShare on Twitter


(EMAILWIRE.COM, October 08, 2022 ) Digital Transformation Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period, to reach USD 1,548.9 billion by 2027 from USD 594.5 billion in 2022. The extent of digital transformation had expanded due to shifting consumer preferences, the quick rapid growth of mobile devices and applications, increasing penetration of IoT, and the acceptance of cloud services as well.

Browse in-depth TOC on “Digital Transformation Market”
299 – Tables
53 – Figures
322 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=43010479

Major players in the digital transformation market include Microsoft (US), SAP (Germany), Baidu (China), Adobe Systems (US), Alibaba (China), IBM (US), Google (US), Marlabs (US), Salesforce (US), Broadcom (CA Technologies) (US), Equinix (US), Oracle (US), Hewlett Packard Enterprise (US), HCL Technologies (India), Tibco Software (US), Alcor Solutions (US), Smartstream (US), Yash Technologies (US), Interfacing (US), Kissflow (India), eMudhra (India), ProcessMaker (US), Process Street (US), Happiest Minds (India), Scoro (UK), Dempton Consulting Group (Canada), Brillio (US), and Aexonic Technologies (India).

As per verticals, the healthcare, life sciences & pharmaceuticals segment to grow at highest CAGR during the forecast period

The digital transformation market is segmented on verticals into Healthcare, Life Sciences & Pharmaceuticals, BFSI, Telecommunication, Manufacturing, Retail & Ecommerce, Government & Defense, Media & Entertainment, IT/ITES, Energy and Utilities, and other verticals, such as travel & hospitality, transportation & logistic, and education. As per verticals, the healthcare, life sciences & pharmaceuticals vertical is expected to grow at the highest CAGR during the forecast period. The healthcare sector is progressively embracing digital transformation technologies such as big data & analytics and cloud computing, for the management of electronic health records and healthcare information. Additionally, customers in the BFSI vertical require immediate access to their accounts and transaction details. For banks and other financial service providers, the automation of many activities, including lending and compliance management, is another benefit of digital transformation solutions. Therefore, the use of and management of digital transformation solutions in the healthcare, life sciences & pharmaceutical, and BFSI sectors presents enormous growth prospects for service integrators, research & consulting vendors, and hardware integration service providers.

Cloud segment to grow at the highest CAGR during the forecast period

As per deployment mode, the digital transformation market has segmented it into cloud and on-premises. The on-premises digital transformation solutions had been adopted by various businesses due to its better control and management of data. While end users who are worried about cost and security tend to choose the cloud deployment type, the on-premises deployment type offers scalability and flexibility. The adoption of on-premises digital transformation solutions had been greatly impacted by the growing adoption of cloud computing solutions. Offering cutting-edge and reliable cloud solutions is a goal for many cloud-based digital transformation service providers. The primary benefits of cloud deployment types include easy deployment, low deployment cost, easy accessibility, and upgradeability as well. During the forecast period, the cloud segment is anticipated to grow at the highest CAGR for the digital transformation market.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=43010479

Among the regions, North America is expected to register the largest market size during the forecast period

In comparison to other regions, North America is anticipated to have the highest adoption of digital transformation solutions. This is mostly owing to the presence of numerous developed economies, such as Canada and US, as well as the emphasis on innovations produced through R&D and different technology. The rapid adoption of digital transformation across numerous industries, including manufacturing and healthcare, is driving this market’s expansion in the region. During the forecast period North America is expected to register the largest market size during the forecast period and is projected to grow to USD 451,508 million by 2027, at a CAGR of 18% during the forecast period.



Source link

Previous Post

Luxury Vinyl Tiles (LVT) Flooring Market worth $31.4 billion by 2024

Next Post

Gautam Sashittal, CEO, King Abdullah Financial District (KAFD): Interview | Saudi Arabia 2022

RECOMMENDED NEWS

Cheddar Cheese Market is expected to USD 4.27 Bn by 2029 at a CAGR of 4 percent during the forecast period

Cheddar Cheese Market is expected to USD 4.27 Bn by 2029 at a CAGR of 4 percent during the forecast period

5 days ago
Factors that Affect on the Flexible Plastic Packaging Market in Upcoming Years!

Factors that Affect on the Flexible Plastic Packaging Market in Upcoming Years!

3 months ago

Microfiltration Membranes Market Size, Share, Growth Prospects, Expert Reviews and Key Opportunities by 2027

2 weeks ago
Corrosion Under Insulation and Spray-on Insulation Coatings Market to witness opportunities at a growth rate of 16.22% over 2022-29

Corrosion Under Insulation and Spray-on Insulation Coatings Market to witness opportunities at a growth rate of 16.22% over 2022-29

2 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia’s NuqtahNFT and ConsenSys partner to empower Web 3 startups

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Correction: BioMap and MBZUAI team up on joint biocomputing lab to promote sustainable development and human health in the Middle East
  • French-speaking Saudis host cultural night in Jeddah – Arab News
  • TCS named a Top Employer in the UAE, Saudi Arabia and South … – ITP.net
  • Olayan Saudi to open new rehab hospital in Riyadh – ZAWYA
  • Saudi Arabia, Türkiye Announce Engineering Automation Project for … – Asharq Al-awsat – English

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.