Global Digital Transformation Market Size, Share & Trends Analysis Report by Component (Solutions and Services), by Deployment (Cloud and On-Premise), by Technology (Cloud Computing, Big Data & Analytics, Cybersecurity, Artificial Intelligence (AI), Internet of Things (IoT), Robotic Process Automation (RPA), and Others), and by End-Users (BFSI, Healthcare, IT and Telecom, Government, Retail and E-Commerce, Media and Communication, and Others) Forecast Period (2022-2028) The global digital transformation market is anticipated to grow at a CAGR of 22.2% during the forecast period. The growing adoption of AI and robotics in end-users industries is propelling the growth of the market during the forecast period. Additionally, the rapidly growing adoption of industrial robots to increase production across the globe is creating demand for the market. For instance, according to the International Federation of Robotics, three million industrial robots operate in factories across the globe, an increase of 10%. Sales of new robots grew slightly at 0.5% with 384,000 units shipped globally in 2020. The global digital transformation market is segmented based on the component, deployment, technology, and end-users. Based on the component, the market is bifurcated into solutions and services. Based on the deployment, the market is divided into cloud and on-premise. Based on the technology, the market is further sub-segmented into cloud computing, big data and analytics, cybersecurity, AI, IoT, RPA, and others. Based on the end-users, the market is augmented into BFSI, IT and telecom, government, retail and e-commerce, media and communication, and others. Among these, the retail and e-commerce sub-segment is expected to hold a remarkable market share over the forecast period due to the increasing adoption of AI-based solutions in the industry across the globe. AI is enabling retail and e-commerce systems to work together to enhance customer experiences, forecasting, inventory management, and more, which results in aiding the growth of the market. Geographically, the global digital transformation market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to hold a significant market share during the forecast period. The factors including the rising adoption rate of technologies such as analytics, digital transformation, big data, cloud, IoT, and mobility, coupled with the increasing internet penetration are factors accelerating the market growth. For instance, in April 2021, IBM released its new capabilities for IBM which further expand Watson tools designed to aid businesses in increasing insight accuracy, mitigating risks, and meeting privacy and compliance requirements. The major companies serving the global digital transformation market are Accenture Plc, Adobe Inc., Google LLC, IBM Corp., Microsoft Corp., Oracle Corp., Sap SE, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2018, WorkFusion launched RPA Express Pro, a new version of its RPA software product to increase desktop speed along with enterprise-wide scalability. RPA Express Pro extends its RPA capability to distributed teams across the globe while maintaining centralized governance and operational analytics. Research Methodology The market study of the global digital transformation market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports. Secondary Sources Include • Financial reports of companies involved in the market. • Whitepapers, research papers, and news blogs. • Company websites and their product catalog. The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models. Market Segmentation 1. Global Digital Transformation Market Research and Analysis by Component. 2. Global Digital Transformation Market Research and Analysis by Deployment. 3. Global Digital Transformation Market Research and Analysis by Technology. 4. Global Digital Transformation Market Research and Analysis by End-Users. The Report Covers • Comprehensive research methodology of the global digital transformation market. • This report also includes a detailed and extensive market overview with key analyst insights. • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations. • Analysis of regional regulations and other government policies impacting the global digital transformation market. • Insights about market determinants that are stimulating the global digital transformation market. • Detailed and extensive market segments with the regional distribution of forecasted revenues. • Extensive profiles and recent developments of market players.