Digital Transformation Market 19.1% CAGR led by BFSI Vertical to 2022
PUNE, India, September 22, 2017 /PRNewswire/ --
Digital transformation market is forecast to reach $493.39 billion by 2022 from $205.99 billion in 2017 at a CAGR of 19.1% during (2017-2022) driven by innovation in businesses, changing customer preferences, the proliferation of mobile devices & apps, increasing penetration of IoT, and rising adoption of the cloud platform says a latest research report available at ReportsnReports.com.
Browse 61 Market Data Tables and 38 Figures spread through 133 Pages and in-depth TOC on "Digital Transformation Market Global Forecast to 2022" at http://www.reportsnreports.com/reports/401290-digital-transformation-market-by-solution-cloud-computing-big-data-mobility-social-media-by-service-by-business-type-b-to-b-b-to-b-to-c-b-to-c-by-end-users-by-verticals-by-regions-na-europe-apac-mea-la-global-forecast-to-2020.html.
The Asia Pacific digital transformation market is projected to grow at the highest CAGR during the forecast period. The digital transformation market has been studied for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific region has been widely implementing digital transformation solutions to significantly to improve and streamline business processes and facilitate informed business decision making. Rising number of mobile device users, increasing use of social media analytics, and growing online commerce are some of the factors expected to fuel the growth of the digital transformation market in this region.
Based on vertical, the BFSI segment is estimated to lead the digital transformation market in 2017. Based on end user, the BFSI (banking, financial services & insurance) segment is estimated to lead the digital transformation market in 2017. The BFSI vertical incorporates high-end digital technology to make transactions secure, simple, and error free. Furthermore, the development of financial services and technologies, such as mobile banking applications, Omni channel banking, and digital banking analytics enables customers to streamline and automate digital banking operations, thus leading to the increased adoption of digital transformation in the BFSI sector.
Inquire for Discount on 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 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=401290.
The report encompasses the competitive landscape, which presents the positioning of 25 key vendors of digital transformation solutions and services, based on their product offerings and business strateies. Some of the major solution and service vendors 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).
Based on component, the solution segment is estimated to lead the digital transformation market in 2017. The growth of this segment can be attributed to the increasing need for cloud computing, big data & analytics, mobility, disruptive technology, and social media.
Based on deployment type, the cloud segment is estimated to lead the digital transformation market in 2017 due to easy deployment, low deployment cost, and easy upgradeability and accessibility. The cloud-based deployment type enables easy access to data from desktops or any mobile device and provides various cost-saving benefits.
Based on end user, the enterprises segment is estimated to lead the digital transformation market in 2017, as enterprises increasingly opt for digital transformation solutions to improve their business process model and enhance their revenue.
Make an Inquiry on "Digital Transformation Market - Global Forecast to 2022" research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=401290.
In-depth interviews were conducted with chief executive officers, marketing directors, innovation & technology directors, and executives from various key organizations operating in the digital transformation marketplace.
- By Company Type: Tier 1: 45%, Tier 2: 30%, and Tier 3: 25%
- By Designation: C-Level: 35%, Director Level: 40%, and Others: 25%
- By Region: North America: 42%, Europe: 25%, Asia Pacific: 23%, and RoW: 10%
The digital transformation market has been segmented on the basis of component, deployment type, end user, vertical, and region. Based on component, the digital transformation market has been segmented into solution and service. The solution segment has been further sub segmented into cloud computing, big data & analytics, mobility, disruptive technology, and social media; and the service sub segmented into professional services and system integration. Based one deployment type, the market has been segmented into on-premise and cloud. Based on end user, the market has been segmented into enterprises and SMBs. Based on vertical, the market has been segmented into BFSI (banking, financial services & insurance), healthcare, telecom & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, government, and others (transportation, defense, aviation, and hospitality). The digital transformation market has been studied for North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Another research titled Cloud Field Service Management Market Global Forecast to 2022 says, the global cloud FSM market size is expected to grow from $1,013.2 million in 2017 to $2,254.5 million by 2022, at a CAGR of 17.3% during the forecast period. The mobile FSM solution is expected to have the highest growth rate during the forecast period. The integration and migration service is expected to have the highest growth rate during the forecast period. North America is estimated to have the largest market share in 2017, while Asia Pacific (APAC) is expected to have the highest CAGR during the forecast period. Companies such as Industrial and Financial Systems (IFS) AB (Sweden, Europe), Service Now, Inc. (California, US), Salesforce.com, Inc. (California, US), SAP SE (Germany, Europe), Oracle Corporation (California, US), International Business Machines (IBM) Corporation (New York, US), Service Power Technologies plc(Cheshire, UK), ClickSoftware Technologies Ltd. (Massachusetts, US), Service Max, Inc. (California, US), Acumatica, Inc. (Washington, US), Microsoft Corporation (Washington, US), Astea International Inc. (Pennsylvania, US) have been profiled in this 139 pages research report available at http://www.reportsnreports.com/reports/1184859-cloud-field-service-management-market-by-solution-mobile-field-service-management-scheduling-and-dispatch-service-organization-size-deployment-model-public-cloud-private-cloud-and-hybrid-cloud-vertical-a-st-to-2022.html.
Explore more reports on IT & Telecommunication Market at http://www.reportsnreports.com/market-research/information-technology/.
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