How big is the Digital Transformation Market?

The Digital Transformation Market size is expected to reach USD 1.38 trillion in 2024 and grow at a CAGR of 21.32% to reach USD 3.62 trillion by 2029. Read More

What is the current Digital Transformation Market size?

In 2024, the Digital Transformation Market size is expected to reach USD 1.38 trillion. Read More

Who are the key players in Digital Transformation Market?

Accenture PLC, Google LLC (alphabet Inc.), Siemens AG, IBM Corporation and Microsoft Corporation are the major companies operating in the Digital Transformation Market. Read More

Which is the fastest growing region in Digital Transformation Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Digital Transformation Market?

In 2024, the Asia-Pacific accounts for the largest market share in Digital Transformation Market. Read More

What years does this Digital Transformation Market cover, and what was the market size in 2023?

In 2023, the Digital Transformation Market size was estimated at USD 1.09 trillion. The report covers the Digital Transformation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Digital Transformation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What's fueling the IoT segment in the Digital Transformation Market?

The growing adoption of IoT technology across end-user industries, such as manufacturing, automotive, and healthcare, is positively driving the market's growth. Read More

Digital Transformation Market Analysis | Industry Growth, Size & Forecast Report

Digital Transformation Market Analysis - Industry Growth, Size & Forecast Report (2024 - 2029)

The Digital Transformation Market is Segmented by Type (Artificial Intelligence and Machine Learning, Extended Reality (VR & AR) for Industrial Applications, IoT, Industrial Robotics, Blockchain, Digital Twin, Additive Manufacturing, Industrial Cyber Security, Wireless Connectivity, Industrial 3D Printing Market, Edge Computing, Smart Mobility) and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Digital Transformation Industry Overview

The Digital Transformation Market is semi-consolidated, with major players like Accenture PLC, Google LLC (Alphabet Inc.), Siemens AG, IBM Corporation, and Microsoft Corporation. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In October 2022, Google LLC expanded its cloud business by assisting more enterprises in migrating to its computing infrastructure. It did so by increasing its partnership with the Indian technology consulting firm HCL Technologies Ltd. HCLTech to develop a pair of new offerings as part of the expanded partnership to help customers get more value from their cloud investments faster. They included the recent Google Cloud Global Migration and Modernization Factory, which provides a combination of experts, unique intellectual property, migration frameworks, and automation tools to assist enterprises more quickly in migrating critical workloads to Google Cloud. Furthermore, a new HCLTech Cloud Acceleration Team was formed to increase customer time-to-value on Google Cloud through a combination of architectural expertise and powerful insights.

In September 2022, Accenture acquired the Beacon Group, a growth strategy consulting firm that serves Fortune 500 companies in the technology, aerospace, industrial, healthcare, and life sciences industries. In addition to its traditional growth strategy advisory work, Beacon's market modeling practice provides clients with greater transparency as they work through custom-made forecasting of current and potential markets served. The company's scalable platform leveraged data and insights from 400 market segments, 16 geographies, and 15 vertical markets and created interactive custom forecast market models.