Digital Transformation Market Analysis By Organization Size(Large Enterprise, and Small and Medium Enterprise), By End User(BFSI, Government, Healthcare, IT and Telecom, Manufacturing, Retail) & Forecast 2024-2035
- PUBLISHED ON
- 9/1/2022
- NO OF PAGES
- 208
- CATEGORY
- Information Technology
Overview:
The global Digital Transformation market is anticipated to grow from 1,200.5 billion in 2022 to 7,200.5 billion by 2030. Digital transformation is referred to the use of digital technologies that assist in creating new or modifying the existing business processes, culture, and customer experiences to meet changing business. Global enterprises are reimagining their business models in the digital age which is encouraging the adoption of digital transformation to transcend traditional roles like sales and marketing. Companies are utilizing digital transformation to engage with customers and offer customized services. Growth in smart cities have accelerated the growth in smart businesses, providing organizations to reimagine business process with the help of digital technology. Growing digitalization and advantageous features to scale up business processes is propelling the growth of the market across the globe.
Drivers:
Growing demands for using digitized information to encourage simple and efficient ways of working is boosting the growth of the digital transformation market. Digitalization is changing ways retail sector operates by helping them keep customer records easily and quickly retrievable via computer. Digital transformation has enhanced the global banking sector by adding value to customer interaction and online transactions. Companies across the globe are revisiting everything they do, from internal systems to customer interactions. The global media and entertainment as well as the gaming sector are creating clever, effective, and disruptive ways of leveraging technology. For instance, Netflix that started out as a mail order service and disrupted the brick-and-mortar video rental business are offering digital innovations by making wide-scale streaming possible. Therefore, growing ability of the digital transformation in to inform how businesses could operate efficiently is anticipated to bolster the market growth.
Segmentation:
On the basis of organization size, the global Digital Transformation market is segmented into Large Enterprise, and Small and Medium Enterprise. On the basis of End User, the global Digital Transformation market is segmented into BFSI, Government, Healthcare, IT and Telecom, Manufacturing, Retail, and Others.
Geography:
On the basis of region, the global Digital Transformation market is segmented into North America, Middle East & Africa, Europe, Asia Pacific, and South America. North America is projected to capture a substantial revenue share in the global Digital Transformation market over 2022-2030. The growth is attributable to the existence of multiple tech giants and the early adoption of the new technology in regions of US, Canada, and Mexico.
Impact of COVID-19 on the global Digital Transformation Market:
The Covid-19 pandemic significantly increased the adoption of new Technologies across the globe. The crisis negatively impacted various businesses and disrupted the global supply chain. However, as the economies started to recover from the adverse impacts, digital deployments witnessed a rapid acceleration. In the post COVID-19 scenario automation and efficiency of industries are rapidly improving for business that are actively embracing digitalization. The pandemic has encouraged global businesses to rely on industry 4.0 technologies, most importantly digitalization and automation to increase productivity. Data management, and continuity are some of the major factors that is bolstering the growth of the Digital Transformation market in the post pandemic era.
Impact of the Russia-Ukraine War on the global Digital Transformation Market:
The global supply chains are disrupted by the Russia-Ukraine conflict in the same way as the it did when the COVID-19 pandemic first surfaced. There has been a significant rise in the transportation costs, gas prices, and electricity rates as a result of the Russia Ukraine war. Due to the increased energy costs, companies are forced to raise prices. The supply of commodities is substantially disrupted in regions such as US, Europe, and China. The conflict has accelerated the chip shortage and raw materials such as neon and palladium used in semiconductor manufacturing. Russia and Ukraine are the two major producers of neon and palladium. The countries produce more than 50% of the aforementioned raw materials. Due to the war the industries that are completely dependent on Russia and Ukraine for raw material are incurring huge losses and are unable to find an alternative supplier soon. The continuation of the conflict is likely to further delay IIoT hardware production and sales which is anticipated to slow down the accelerated deployment of the Digital Transformations. This is estimated to negatively impact the global market growth.
Company Profiles:
The key market players in the global Digital Transformation market are IBM, Oracle, Google, Microsoft, Apple, SAP SE, Dell EMC, Hewlett Packard, CA Technologies, Adobe Systems, Capgemini Group, Kelltontech Solutions, Accenture PLC, Cognizant Technology Solutions, PricewaterhouseCoopers (PWC), Deloitte Touche Tohmatsu, Alibaba, Tencent, and Huawei.
Key Points:Define, describe and forecast Digital Transformation Market in Retail product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Historic Year: 2016-2022
Forecast: 2024-2035
1 Digital Transformation Market in Retail Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Digital Transformation Market in Retail
1.3 Digital Transformation Market in Retail Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Digital Transformation Market in Retail
1.4.2 Applications of Digital Transformation Market in Retail
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Rakuten Market Performance Analysis
3.1.1 Rakuten Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Rakuten Sales, Value, Price, Gross Margin 2016-2021
3.2 Wal-Mart Stores Market Performance Analysis
3.2.1 Wal-Mart Stores Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Wal-Mart Stores Sales, Value, Price, Gross Margin 2016-2021
3.3 Amazon Market Performance Analysis
3.3.1 Amazon Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Amazon Sales, Value, Price, Gross Margin 2016-2021
3.4 Snapdeal.com (Jasper Infotech Pvt. Ltd.) Market Performance Analysis
3.4.1 Snapdeal.com (Jasper Infotech Pvt. Ltd.) Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Snapdeal.com (Jasper Infotech Pvt. Ltd.) Sales, Value, Price, Gross Margin 2016-2021
3.5 Flipkart Market Performance Analysis
3.5.1 Flipkart Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Flipkart Sales, Value, Price, Gross Margin 2016-2021
3.6 eBay Market Performance Analysis
3.6.1 eBay Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 eBay Sales, Value, Price, Gross Margin 2016-2021
3.7 MercadoLibre, Inc. Market Performance Analysis
3.7.1 MercadoLibre, Inc. Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 MercadoLibre, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.8 Otto Group Market Performance Analysis
3.8.1 Otto Group Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Otto Group Sales, Value, Price, Gross Margin 2016-2021
3.9 Alibaba Group Holding Market Performance Analysis
3.9.1 Alibaba Group Holding Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Alibaba Group Holding Sales, Value, Price, Gross Margin 2016-2021
3.10 Tesco Market Performance Analysis
3.10.1 Tesco Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Tesco Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Digital Transformation Market in Retail Production and Value by Type
4.1.1 Global Digital Transformation Market in Retail Production by Type 2016-2021
4.1.2 Global Digital Transformation Market in Retail Market Value by Type 2016-2021
4.2 Global Digital Transformation Market in Retail Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Mobile Application Market Production, Value and Growth Rate
4.2.2 Website Market Production, Value and Growth Rate
4.3 Global Digital Transformation Market in Retail Production and Value Forecast by Type
4.3.1 Global Digital Transformation Market in Retail Production Forecast by Type 2021-2026
4.3.2 Global Digital Transformation Market in Retail Market Value Forecast by Type 2021-2026
4.4 Global Digital Transformation Market in Retail Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Mobile Application Market Production, Value and Growth Rate Forecast
4.4.2 Website Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Digital Transformation Market in Retail Consumption and Value by Application
5.1.1 Global Digital Transformation Market in Retail Consumption by Application 2016-2021
5.1.2 Global Digital Transformation Market in Retail Market Value by Application 2016-2021
5.2 Global Digital Transformation Market in Retail Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Consumer Electronics Market Consumption, Value and Growth Rate
5.2.2 Media and Entertainment Market Consumption, Value and Growth Rate
5.2.3 Apparel Market Consumption, Value and Growth Rate
5.2.4 Food and Beverage Market Consumption, Value and Growth Rate
5.3 Global Digital Transformation Market in Retail Consumption and Value Forecast by Application
5.3.1 Global Digital Transformation Market in Retail Consumption Forecast by Application 2021-2026
5.3.2 Global Digital Transformation Market in Retail Market Value Forecast by Application 2021-2026
5.4 Global Digital Transformation Market in Retail Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Consumer Electronics Market Consumption, Value and Growth Rate Forecast
5.4.2 Media and Entertainment Market Consumption, Value and Growth Rate Forecast
5.4.3 Apparel Market Consumption, Value and Growth Rate Forecast
5.4.4 Food and Beverage Market Consumption, Value and Growth Rate Forecast
6 Global Digital Transformation Market in Retail by Region, Historical Data and Market Forecasts
6.1 Global Digital Transformation Market in Retail Sales by Region 2016-2021
6.2 Global Digital Transformation Market in Retail Market Value by Region 2016-2021
6.3 Global Digital Transformation Market in Retail Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Digital Transformation Market in Retail Sales Forecast by Region 2021-2026
6.5 Global Digital Transformation Market in Retail Market Value Forecast by Region 2021-2026
6.6 Global Digital Transformation Market in Retail Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2026
7.1 United State Digital Transformation Market in Retail Value and Market Growth 2016-2021
7.2 United State Digital Transformation Market in Retail Sales and Market Growth 2016-2021
7.3 United State Digital Transformation Market in Retail Market Value Forecast 2021-2026
8 Canada Market Size Analysis 2016-2026
8.1 Canada Digital Transformation Market in Retail Value and Market Growth 2016-2021
8.2 Canada Digital Transformation Market in Retail Sales and Market Growth 2016-2021
8.3 Canada Digital Transformation Market in Retail Market Value Forecast 2021-2026
9 Germany Market Size Analysis 2016-2026
9.1 Germany Digital Transformation Market in Retail Value and Market Growth 2016-2021
9.2 Germany Digital Transformation Market in Retail Sales and Market Growth 2016-2021
9.3 Germany Digital Transformation Market in Retail Market Value Forecast 2021-2026
10 UK Market Size Analysis 2016-2026
10.1 UK Digital Transformation Market in Retail Value and Market Growth 2016-2021
10.2 UK Digital Transformation Market in Retail Sales and Market Growth 2016-2021
10.3 UK Digital Transformation Market in Retail Market Value Forecast 2021-2026
11 France Market Size Analysis 2016-2026
11.1 France Digital Transformation Market in Retail Value and Market Growth 2016-2021
11.2 France Digital Transformation Market in Retail Sales and Market Growth 2016-2021
11.3 France Digital Transformation Market in Retail Market Value Forecast 2021-2026
12 Italy Market Size Analysis 2016-2026
12.1 Italy Digital Transformation Market in Retail Value and Market Growth 2016-2021
12.2 Italy Digital Transformation Market in Retail Sales and Market Growth 2016-2021
12.3 Italy Digital Transformation Market in Retail Market Value Forecast 2021-2026
13 Spain Market Size Analysis 2016-2026
13.1 Spain Digital Transformation Market in Retail Value and Market Growth 2016-2021
13.2 Spain Digital Transformation Market in Retail Sales and Market Growth 2016-2021
13.3 Spain Digital Transformation Market in Retail Market Value Forecast 2021-2026
14 Russia Market Size Analysis 2016-2026
14.1 Russia Digital Transformation Market in Retail Value and Market Growth 2016-2021
14.2 Russia Digital Transformation Market in Retail Sales and Market Growth 2016-2021
14.3 Russia Digital Transformation Market in Retail Market Value Forecast 2021-2026
15 China Market Size Analysis 2016-2026
15.1 China Digital Transformation Market in Retail Value and Market Growth 2016-2021
15.2 China Digital Transformation Market in Retail Sales and Market Growth 2016-2021
15.3 China Digital Transformation Market in Retail Market Value Forecast 2021-2026
16 Japan Market Size Analysis 2016-2026
16.1 Japan Digital Transformation Market in Retail Value and Market Growth 2016-2021
16.2 Japan Digital Transformation Market in Retail Sales and Market Growth 2016-2021
16.3 Japan Digital Transformation Market in Retail Market Value Forecast 2021-2026
17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Digital Transformation Market in Retail Value and Market Growth 2016-2021
17.2 South Korea Digital Transformation Market in Retail Sales and Market Growth 2016-2021
17.3 South Korea Digital Transformation Market in Retail Market Value Forecast 2021-2026
18 Australia Market Size Analysis 2016-2026
18.1 Australia Digital Transformation Market in Retail Value and Market Growth 2016-2021
18.2 Australia Digital Transformation Market in Retail Sales and Market Growth 2016-2021
18.3 Australia Digital Transformation Market in Retail Market Value Forecast 2021-2026
19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Digital Transformation Market in Retail Value and Market Growth 2016-2021
19.2 Thailand Digital Transformation Market in Retail Sales and Market Growth 2016-2021
19.3 Thailand Digital Transformation Market in Retail Market Value Forecast 2021-2026
20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Digital Transformation Market in Retail Value and Market Growth 2016-2021
20.2 Brazil Digital Transformation Market in Retail Sales and Market Growth 2016-2021
20.3 Brazil Digital Transformation Market in Retail Market Value Forecast 2021-2026
21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Digital Transformation Market in Retail Value and Market Growth 2016-2021
21.2 Argentina Digital Transformation Market in Retail Sales and Market Growth 2016-2021
21.3 Argentina Digital Transformation Market in Retail Market Value Forecast 2021-2026
22 Chile Market Size Analysis 2016-2026
22.1 Chile Digital Transformation Market in Retail Value and Market Growth 2016-2021
22.2 Chile Digital Transformation Market in Retail Sales and Market Growth 2016-2021
22.3 Chile Digital Transformation Market in Retail Market Value Forecast 2021-2026
23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Digital Transformation Market in Retail Value and Market Growth 2016-2021
23.2 South Africa Digital Transformation Market in Retail Sales and Market Growth 2016-2021
23.3 South Africa Digital Transformation Market in Retail Market Value Forecast 2021-2026
24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Digital Transformation Market in Retail Value and Market Growth 2016-2021
24.2 Egypt Digital Transformation Market in Retail Sales and Market Growth 2016-2021
24.3 Egypt Digital Transformation Market in Retail Market Value Forecast 2021-2026
25 UAE Market Size Analysis 2016-2026
25.1 UAE Digital Transformation Market in Retail Value and Market Growth 2016-2021
25.2 UAE Digital Transformation Market in Retail Sales and Market Growth 2016-2021
25.3 UAE Digital Transformation Market in Retail Market Value Forecast 2021-2026
26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Digital Transformation Market in Retail Value and Market Growth 2016-2021
26.2 Saudi Arabia Digital Transformation Market in Retail Sales and Market Growth 2016-2021
26.3 Saudi Arabia Digital Transformation Market in Retail Market Value Forecast 2021-2026
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
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In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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