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  • Digital Transformation Market New Industry Research On Present State & Future Growth Prospects to 2025




    (Transportation-News.com, October 10, 2018 ) Digital Transformation market is expected to grow US$ 2,279.4 billion by 2025 from US$ 445.4 billion in 2017. The digital transformation offers solutions and services to various end-users such as BFSI, healthcare, education, retail, IT & Telecom, logistics & transportation, manufacturing, and others.

    Space for implementation across SMEs provides significant opportunity to the players in the value chain and increasing adoption of digital solutions by different industry verticals offers huge scope to the market to expand are providing significant opportunities for the providers of digital transformation to increase the market share in the regions. With the increasing global competition, business are ensuring their digital presence and are efficiently utilizing digital technology to sustain in the market. Organizations in the present era, regardless of their size, are exploiting digital technologies for effective functioning and cost reduction. Although, digitalization is taking place on a huge scale, several SMEs currently are still skeptical about adopting it.

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    Additionally, adoption of digital platform provides an opportunity of automating tasks by adoption of technology. Tasks that are highly skillful can be automated through Machine Learning and Artificial Intelligence thus, resulting in cost savings. Further, digitalization of processes help in time-saving and reduction of errors thereby, improving the work quality. Owing to the mentioned advantages, adoption of digital solutions by SMEs is gaining pace consequently, providing potential opportunities to the players the value chain of digital transformation market.

    Also, The implementation of digital solutions is gaining pace across various industries including manufacturing, healthcare, automotive, BFSI, media & entertainment and retail among others. These industries are increasingly benefiting themselves from digital transformation. Analytics enable them to better apprehend and serve customers. Further, access to real-time information results in efficient decision-making. Automation of business operations facilitates them to escalate productivity. For instance, automotive manufacturers have revolutionized their manufacturing process with the use of robots; and airline companies have become proficient at pricing through real-time information of supply and demand.

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    Rising concerns regarding the security and privacy can act as a restraining factor in the market. However, with the increasing technology towards the security of the data, the concerns regarding this restraint will decrease over the coming years. The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. It also provides the overview and forecast for the global digital transformation market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis.

    The Insight Partners

    Sameer Joshi

    +1-646-491-9876

    sam@theinsightpartners.com

    Source: EmailWire.Com

    Source: EmailWire.com

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