Over the last few months, on account of pandemic COVID-19 the digital transformation market has witnessed exponential growth in the adoption among enterprises. For instance, according to IDC 96% of the U.K firm belives that the COVID-19 pandemic has led to increasing adoption of digitization. This enables increasing demand for remote working among manufacturing, professional services, and retail among others. Also, according to digital media technology report, 97% worldwide belives pandemic COVID-19 has speed up digitization among enterprises. This further enhances the demand for innovative technologies to improve efficiency and remote working capabilities.
The global digital transformation market is emerging market and is presumed to grow during the forecast period. The global digital market was valued USD 461 Billion in 2019 and is presumed to grow at a CAGR 16.1% during the forecast period. The growth is attributed to rapid surge in demand for IoT connected devices and cloud services. Furthermore, necessity to improve operational demand is also one of the factors propelling the market growth.
Moreover, the growing proliferation of mobile devices and apps also adds to the growth of the digital transformation market. However, security and privacy concern hinder market growth.
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Digital Transformation Market: Segmentation
By Deployment Mode
By Organization Size
The Middle East and Africa (MEA)
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now