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Pulished Date April, 2021
ID: 8301
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Digital Transformation Market Research Report – Segmentation By Solution (Cloud Computing, Big Data, Mobility, And Social Media), Services (Training, Maintenance and Advice), Enterprise Size (Small And Medium-Sized Enterprises (SMEs) and Large Companies), End-User (BFSI, Telecommunications, Healthcare, Utilities, Retail, Automotive, ICT, and others), and Region - Forecast to 2026

Pulished: April, 2021
ID: 8301
Pages: 170

Digital Transformation Market Size (2021-2026)

The global digital transformation market will grow from US $410 billion in 2020 to US $784.00 billion in 2026, at a CAGR of 18.1% during the forecast period.

Digital transformation can be identified as the application of digital techniques like cloud computing, big data, and so on to increase business performance. The need to grow the business, improve operating expenses and business efficiency, and track business activities in real-time is pushing businesses to participate in the digital transformation.

Digital transformation assists companies to limit overall risks and manage disruptions, such as fluctuations, restructuring, and the unexpected geopolitical situations that can result in unpredictable outcomes. In addition, the shift from traditional business models to new digital models facilitates the introduction of more technologically advanced products and services. This has the potential to modernize and assimilate all business functions to enhance the efficiency of the business. It helps organizations streamline operations to save time, effort, and money by replacing traditional processes with automation, thereby reducing user error rates.

Market growth and trends:

Automotive Expected to Have Significant Growth

  • The automotive industry is one of the largest and first to adopt digitization strategies to increase its productivity. Developments like Industry 4.0 have recently increased the automotive industry's investment in digitization, with a specific demand for smart manufacturing and solution design.
  • In 2018, it is estimated that only a third of automotive companies worldwide have the digital capabilities necessary for digital transformation. During the forecast period, this scenario should open up significant opportunities for digital transformation in the automotive industry.
  • With the introduction of electric cars and advanced driver assistance systems (ADAS), artificial intelligence and automation solutions find applications in the automotive sector. During the anticipated time, the automotive sector is likely to become a significant contributor to IT services.

Market Drivers and Restraints:

Digital transformation is helping organizations improve their brand reputation, customer experience, and customer retention rates through the deployment of software. This software helps organizations to educate and train their internal teams on various aspects of their organizations. In addition, digitally transformed organizations can adapt to the changing technological landscape and cope with sudden changes in the industry. Businesses in this sector are developing robust infrastructure due to the surge in the call, and the implementation of novel technologies and solutions is rising, supplementing the market growth. Due to the rising competition in these sectors, funding in technology is augmented to garner a competitive advantage in the business.

The augmenting penetration of IoT-based products in daily life, rising penetration of mobile devices, and increased dependence on IoT-based products promote the growth in the global digital transformation market. However, factors such as an ICT infrastructure in underdeveloped and developing countries and high threats to data security are hampering the market growth. Also, the rising dependence of the BFSI, retail, and automotive sectors on IoT-based products and solutions is likely to offer promising opportunities for the business. Due to the combination of AI, machine learning, and the deployment of IoT and connected infrastructure, the global market is anticipated to multiply over the calculated period. The primary driver of the digital transformation market is the surge in demand for automation in industries. Automation also entails the integration of several mechanical systems with information technology. The adoption of wireless communication is booming, and the penetration of this technology will develop in the future, resulting in the rate of digital transformation.

Segmentation Analysis

Digital Transformation Market - By Solution

  • Cloud Computing
  • Big Data
  • Mobility
  • Social Media

Digital Transformation Market - By Services

  • Training
  • Maintenance
  • Advice

Digital Transformation Market - Enterprise Size

  • Small and Medium Sized Enterprises (SMEs)
  • Large Companies

Digital Transformation Market - End-User

  • BFSI
  • Telecomminications
  • Healthcare
  • Utilities
  • Retail
  • Automotive
  • ICT

Regional Analysis:

By region, the global market is studied into:

  • North America
  • Europe
  • Asia-Pacific
  • MEA

North America is at the forefront of business development across the world, followed by Europe. The Asia Pacific is estimated to record notable CAGR in the coming years due to the rising investments in the digital transformations.

Key players in the market

Major market players are SAP SE, IBM Corporation, Oracle Corporation, Google Inc., Dell EMC, Hewlett Packard Enterprise Co., CA Technologies, Microsoft Corporation, Adobe Systems Incorporated, Accenture PLC, Capgemini Group, Apple Inc. and Kellton Tech Solutions Ltd., among others.

We observe that industry players invest massively in research and development activities to increase their market share and guarantee the organic growth of their companies.  Furthermore, these players actively participate in the development of new products to improve and expand their existing product and service portfolios, thus offering these companies the possibility of acquiring new customers and validating the technology.

Recent developments:

  • In February 2019, IBM signed a deal with COFCO International (CIL), a China-based agrifood company, where SAP will combine and digitally transform CIL business processes through the implementation of a new SAP platform, which includes SAP S/4 HANA, SAP Ariba, SAP Success Factors and SAP Master Data Governance. IBM services will aid CIL to transform its operations into a digital form to simplify the existing processes and assimilate its functions.
  • Microsoft partnered with Telecom Egypt in February 2019 to expand its current global cloud network even to Egypt. Telecom Egypt will provide low-latency connectivity across Egypt to improve performance and increase the reliability of Microsoft service customers. This network partnership is touted to improve Microsoft service delivery in the Middle East, Egypt, and North Africa.
  • In February 2019, SAP launched SAP Leonardo Internet of Things (IoT), the complete technology that generates and stimulates digital transformation for industrial IoT and Industry 4.0. Besides, SAP also confirmed cloud-to-cloud interoperability of Microsoft Azure IoT Hub and SAP Leonardo IoT, delivering customers a choice of connectivity and device management.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Digital Transformation Market, By Solution                  

                                6.1.1 Cloud Computing 

                                6.1.2 Big Data    

                                6.1.3 Mobility    

                                6.1.4 Social Media           

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Digital Transformation Market, By Services                  

                                6.2.1 Training    

                                6.2.2 Maintenance         

                                6.2.3 Advice       

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Digital Transformation Market, By Enterprise Size

                                6.3.1 Small And Medium-Sized Enterprises (SMEs)

                                6.3.2 Large Companies  

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Digital Transformation Market, By End-User                

                                6.4.1 BFSI            

                                6.4.2 Telecommunications          

                                6.4.3 Healthcare              

                                6.4.4 Utilities     

                                6.4.5 Retail         

                                6.4.6 Automotive            

                                6.4.7 ICT              

                                6.4.8 Market Size Estimations & Forecasts (2021-2026)

                                6.4.9 Y-o-Y Growth Rate Analysis             

                                6.4.10 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region

                7.2 North America - Market Analysis (2021-2026)

                                7.2.1 By Country              



                                7.2.2 By Solution              

                                7.2.3 By Services              

                                7.2.4 By Enterprise Size

                                7.2.5 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              






                                       Rest of Europe

                                7.3.2 By Solution              

                                7.3.3 By Services              

                                7.3.4 By Enterprise Size

                                7.3.5 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              




                                       South Korea

                                       South East Asia

                                       Australia & NZ

                                       Rest of Asia-Pacific

                                7.4.2 By Solution              

                                7.4.3 By Services              

                                7.4.4 By Enterprise Size

                                7.4.5 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              




                                       Rest of Latin America

                                7.5.2 By Solution              

                                7.5.3 By Services              

                                7.5.4 By Enterprise Size

                                7.5.5 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                       Middle East


                                7.6.2 By Solution              

                                7.6.3 By Services              

                                7.6.4 By Enterprise Size

                                7.6.5 By End-User           

8. Key Player Analysis                                    

                8.1 SAP SE                          

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 IBM Corporation                      

                8.3 Oracle Corporation                  

                8.4 Google Inc                  

                8.5 Dell                

                8.6 Hewlett Packard Enterprise Co                          

                8.7 CA Technologies                       

                8.8 Microsoft Corporation                           

                8.9 Adobe Systems Inc                 

                8.10 Accenture PLC                        

9. Market Outlook & Investment Opportunities                                


                List of Tables                     

                List of Figures                   


  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of solution, services, enterprise size, end-user along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Global Digital Transformation Market By Region, From 2021-2026 ( USD Billion )
  2. Global Digital Transformation Market By Solution, From 2021-2026 ( USD Billion )
  3. Global Cloud Computing Market By Region, From 2021-2026 ( USD Billion )
  4. Global Big Data Market By Region, From 2021-2026 ( USD Billion )
  5. Global Mobility Market By Region, From 2021-2026 ( USD Billion )
  6. Global Social Media Market By Region, From 2021-2026 ( USD Billion )
  7. Global Digital Transformation Market By Services, From 2021-2026 ( USD Billion )
  8. Global Training Market By Region, From 2021-2026 ( USD Billion )
  9. Global Maintenance  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Advice Market By Region, From 2021-2026 ( USD Billion )
  11. Global Digital Transformation Market By Enterprise Size, From 2021-2026 ( USD Billion )
  12. Global Small And Medium-Sized Enterprises (SMEs) Market By Region, From 2021-2026 ( USD Billion )
  13. Global Large Companies Market By Region, From 2021-2026 ( USD Billion )
  14. Global Digital Transformation Market By End-User, From 2021-2026 ( USD Billion )
  15. Global BFSI Market By Region, From 2021-2026 ( USD Billion )
  16. Global Telecommunications Market By Region, From 2021-2026 ( USD Billion )
  17. Global Healthcare Market By Region, From 2021-2026 ( USD Billion )
  18. Global Utilities Market By Region, From 2021-2026 ( USD Billion )
  19. Global Retail Market By Region, From 2021-2026 ( USD Billion )
  20. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  21. Global ICT Market By Region, From 2021-2026 ( USD Billion )

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