Digital Transformation Market Size to be by a CAGR of ~17%, Owing to the Emergence of Industry 4.0 in the Manufacturing Sector Worldwide

Research Nester published a report titled Digital Transformation Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobaldigital transformation market in terms of market segmentation by technology, deployment, vertical, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global digital transformation market is estimated to occupy a large amount of revenue by recording a CAGR of ~17% during the forecast period, i.e., 2022 – 2030, owing to the advent of industry 4.0 in the manufacturing sector across the globe for improving, automating and modernizing processes. Apart from these, growing integration of digital transformation technologies such as IoT and wireless communication, and increasing usage of mobile devices, smartphones and applications across business processes and departments are also expected to drive market growth in the forthcoming years.

The market is segmented by technology, deployment and vertical. Based on technology, the industrial robotics segment is anticipated to grab the largest market share during the forecast period on the back of rising adoption of technologies such as collaborative robots, SCARA robots, and single-axis. Additionally, by vertical, the BFSI segment is projected to gather the largest share over the forecast period ascribing to the large volumes of data generated in this industry every day.

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Geographically, the global digital transformation market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the wide usage of variety of online payment methods in the retail sector, and high penetration of internet-based services in the region. Moreover, Asia Pacific is predicted to register noteworthy market growth in view of the increasing usage of cloud technologies among several industries, and rising number of SMEs in the region. According to the SME Finance Forum, SMEs comprise more than 98 percent of the total enterprises in the Asia and Pacific region. These organizations account for about 17 percent to the national GDP in low-income countries, and about 40 to 50 percent in higher income countries.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Advent of Industry 4.0 in the Manufacturing Sector Globally to Boost Market Growth

The expanding usage of advanced technologies such as cloud, big data and analytics, mobility and IoT, has given rise to innovation and transformation in several verticals, especially the manufacturing sector. Enterprises have begun incorporating big data and business intelligence for obtaining real-time information and gain actionable insights, which in turn is predicted to drive the market growth in the near future.

However, security concerns regarding confidential data are expected to operate as key restraint to the growth of the global digital transformation market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the global digital transformation market which includes company profiling of Siemens AG, Google LLC, Accenture PLC, IBM Corporation, Microsoft Corporation, Apple, Inc., ADOBE, Inc., Broadcom, Inc., Dell Technologies Inc., Hewlett Packard Enterprise Company, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global digital transformation market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

More Information@ https://www.researchnester.com/reports/digital-transformation-market/3624

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