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Global Digital Transformation Market Worth USD 392.15 Billion by 2021 - Analysis, Technologies & Forecasts Report 2016-2021 - Vendors: Accenture, Adobe Systems, Apple - Research and Markets

[November 21, 2016]

Global Digital Transformation Market Worth USD 392.15 Billion by 2021 - Analysis, Technologies & Forecasts Report 2016-2021 - Vendors: Accenture, Adobe Systems, Apple - Research and Markets

Research and Markets has announced the addition of the "Digital Transformation Market - Global Forecast to 2021" report to their offering.

The digital transformation market size is estimated to grow from USD 148.04 billion in 2015 to USD 392.15 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7%. Companies are seeking ways to increase revenue and reduce expenses, as the global market competition continues to shrink profit margins. Organizations of all sizes are focusing more on analyzing sales and market saturation in specific territories and identifying gaps. However, the lack of awareness regarding the benefits of digitalization is a restraining factor for the digital transformation market.

The digital transformation market in APAC is estimated to register the highest growth rate during the forecast period. This growth can be attributed to the increasing technological advancements, increasing mobile app users, and big data analytics ompanies showing positive trend towards adoption of these technologies, thereby presenting immense growth potential for the Asia-Pacific digital transformation market in the near future. In the Asia-Pacific region, China will be the epicenter of digital innovations. Increasing e-commerce business in this country and the rapidly-developing social media platform in this region are among the major driving factors for the increasing digital transformation in the region.

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