Outlook on the Digital Transformation Global Market to 2030 - High Acceptance and Demand of IoT and Other Evolving Technologies are Boosting Growth
DUBLIN, Sept. 1, 2022 /PRNewswire/ -- The "Digital Transformation Market Size, Share & Trends Analysis Report by Solution (Analytics, Cloud Computing, Social Media, Mobility), by Service, by Deployment, by Enterprise, by End Use, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global digital transformation market size is expected to reach USD 3,810.05 billion by 2030, registering a CAGR of 23.1% from 2022 to 2030.
The development is ascribed to the increasing need for the establishment of innovative solutions that are equipped to engage customers as well as employees to seamlessly integrate data, operations, IT, and business. Besides, the high acceptance and demand of the Internet of Things (IoT) and other evolving technologies are boosting the growth of the market.
Embracing digital transformation allows organizations to address disruptive changes in businesses such as a frequent shift in the marketplace or restructuring of the corporate framework, and others. With the help of digital transformation, organizations can better handle their customer base by leveraging digitalization and focusing on designing new products, services, or business models.
These recently developed technologies are a careful blend of historical digital information about business operations and customer details. Additionally, digital transformation supports the smooth transformation of business activities, conventional processes, and existing business models and helps organizations prepare for upcoming challenges.
Since the rise of digitization and globalization across the world, organizations are adapting to use technology-driven solutions to keep up with the rapid pace of business growth. Organizations are embracing cloud technology quickly as it empowers numerous startups and Small and Medium Enterprises (SMEs) to take on current Digital Experience Platforms (DXP) at reasonable costs without the need to continually update or remove their existing frameworks.
In addition, factors such as streamlining the end-to-end customer experience process and improvement in functional adaptability are supporting the development of digital transformation alongside acknowledging the source of new revenue.
Digital Transformation Market Report Highlights
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
For more information about this report visit https://www.researchandmarkets.com/r/h52n2a
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