Information and Communication Technology

Increasing demand for mobile phones & Growth in usage of IoT based products is Driving Global Digital Transformation Market

Digital Transformation Market Report

Global Digital Transformation Market is expected to rise from its initial estimated value of USD 299.30 billion in 2018 to an estimated value of USD 1223.97 billion by 2026, registering a CAGR of 19.25% in the forecast period of 2019-2026. Increasing adoption of cloud platform is the major factor for the growth of this market.

Market Drivers:

  • Increasing demand for mobile phones is driving the market.
  • Growth in usage of IoT based products and solutions in businesses and various organisations

 Global Digital Transformation Market By Component (Solution, Services), Deployment Type (On-Premise, Cloud), End User (Small & Medium Businesses (SMBS), Enterprises), Vertical (Banking Financial Services & Insurance (BFSI), Healthcare, Telecommunication & IT, Automotive, Education, Retail & Consumer Goods, Media & Entertainment, Manufacturing, Government, Others), Services (Training, Maintenance, Consulting), Technology (Industrial Robotics, Internet of Things, 3d Printing/Additive Manufacturing, Advanced Human Machine Interface (HMI), Big Data and Analytics, Machine Learning and Artificial Intelligence, Cybersecurity,  Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

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Market Definition: Global Digital Transformation Market

Digital transformation is the use of different technologies in all the areas of the business so that they can operate their business more efficiently and can provide better services to their customers. It is very useful for the businesses and organization as it help them to be more competitive in the market by meeting the need and requirement of the customers. Today, digital transformation is happening extensively in industries like media and entertainment, healthcare, manufacturing, government, telecommunication and IT and many more.

Major Competitors:

  • Adaptive Mobile
  • Amd Telecom S.A.
  • Anam Technologies
  • Cellusys
  • Evolved Intelligence
  • Hewlett Packard Enterprise Development LP
  • Mobileum
  • Omobio
  • Openmind Networks
  • Sap SE
  • Symsoft
  • Tata Communications and others

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Market Drivers:

  • Increasing demand for mobile phones is driving the market.
  • Growth in usage of IoT based products and solutions in businesses and various organisations

Market Restraints:

  • Increasing privacy and security concern among population is restraining market.
  • Lack of skilled and trained professionals.

Global digital transformation market is segmented on the basis of component, deployment type, end- user, vertical, services, technology and geography.

Component (Solution, Services), Deployment Type (On-Premise, Cloud), End User (Small & Medium Businesses (SMBS), Enterprises), Vertical (Banking Financial Services & Insurance (BFSI), Healthcare, Telecommunication & IT, Automotive, Education, Retail & Consumer Goods, Media & Entertainment, Manufacturing, Government, Others), Services (Training, Maintenance, Consulting), Technology (Industrial Robotics, Internet of Things, 3d Printing/Additive Manufacturing, Advanced Human Machine Interface (HMI), Big Data and Analytics, Machine Learning and Artificial Intelligence, Cybersecurity,  Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).

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Major Key Points of Report:

  1. The study provides an in-depth analysis of the Global Network Security Firewall Market and current & future trends to elucidate imminent investment pockets.
  2. Changing market dynamics of the industry
  3. Strategies of key players and product offerings
  4. In-depth market segmentation
  5. Recent industry trends and developments
  6. Analyze and forecast Global Network Security Firewall Market on the basis of type, function and application.

Increasing mobile users

The data represents the number of mobile phone subscriptions in Finland from 2015 to 2017. The number of household subscriptions amounted to roughly seven million as of 2017 which is expected to increase in upcoming years.

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