United States Digital Transformation Market Size

United States Digital Transformation Market Analysis

The United States Digital Transformation Market size is estimated at USD 0.55 trillion in 2024, and is expected to reach USD 1.38 trillion by 2029, growing at a CAGR of 20.20% during the forecast period (2024-2029).

• The US digital transformation market is highly developed and growing rapidly owing to the presence of major market vendors coupled with the high penetration of advanced technologies in businesses across various sectors. Emerging technologies such as data analytics, AI, ML, and cloud are rapidly increasing in the industries to increase efficiency and business agility and offer new value for employees, customers, and shareholders.
• The highly developed cloud and edge computing market in the country further supports the market growth. The presence of major cloud vendors in the country, coupled with accelerated investments to enhance cloud infrastructure in the country by market vendors, is creating significant opportunities for market expansion. Cloud adoption and cloud migration are gaining significant traction in businesses owing to their flexibility and scalability, thus further supporting market growth.
• For instance, in May 2024, Accenture Federal Services secured the US Army's Enterprise Application Modernization and Migration (EAMM) contract, valued at up to USD 127 million. Accenture Federal Services plans to leverage its expertise in cloud migration and modernization to conduct comprehensive assessments and execute large-scale migrations to the cloud.
• Moreover, digital transformation technologies such as AI, ML, and cybersecurity services are witnessing significant demand among organizations across the country. The evolving cyber-attacks and rising volume of cyberattacks across businesses, coupled with stringent cybersecurity regulations such as HIPPA, necessitate the demand to enhance the cybersecurity posture of the companies in the country. Such factors are further analyzed to support the market growth over the forecast period.
• In the coming years, accelerated digital transformation initiatives in businesses of all sizes across the country, coupled with the growing use of advanced technologies in businesses to enhance business operations and efficiency, are expected to shape the future of the US digital transformation market. In addition, the expanding 5G ecosystem in the country is analyzed to boost the adoption of advanced technologies in the country's businesses, driving the growth of the market over the forecast period.