Space for implementation across SMEs provides significant opportunity to value chain players, and increasing adoption of digital solutions by various industry verticals provides huge scope for the Digital Transformation Market to expand, providing significant opportunities for digital transformation providers to increase market share in the regions. With rising global competition, businesses are ensuring their digital presence and effectively utilising digital technology to stay competitive.
Organizations of all sizes are utilising digital technologies for effective operation and cost reduction in the modern era. Furthermore, the adoption of digital solutions is accelerating in a variety of industries, including manufacturing, healthcare, automotive, BFSI, media & entertainment, and retail. These sectors are increasingly benefiting from digital transformation. The report focuses on a detailed segmentation of the digital transformation market by components, deployment type, and end-user.
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North America currently dominates the global digital transformation market in terms of installation, which drives up demand for digital transformation. This is because the region is highly advanced in terms of both technology and economy. Furthermore, the region is one of the first to adopt new technology in any market. As a result, most industry verticals in the region have already adopted the digital transformation solution, and the number of companies in the region in various verticals is growing.
The digital transformation deployment options include cloud and on-premise. In the digital transformation market in 2017, on-premise has the largest market share. This is because many businesses do not want to share their personal information with other organisations for the purposes of digital transformation. Furthermore, data from some industry verticals, such as government and public sector organisations, and BFSI, is highly secure and cannot be transferred to any outside organisations. As a result, these industry verticals choose on-premise digital transformation, in which software and hardware are installed in the organisation and everything is monitored and governed by the client organisation.
2018:Accenture expanded its presence in Zurich, Switzerland, to enable its clients to co-create their Digital Transformation Agendas. This hub will help its clients meet demand by enabling the transformation and impact of the customer’s journey through Accenture Studios, which will predict, design, and generate products and services.
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