Product Code: GVR-1-68038-851-0
Digital Transformation Market Growth & Trends:
The global digital transformation market size is estimated to reach USD 4,617.78 billion by 2030, registering a CAGR of 28.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. Digital transformation assists companies in improving their brand reputation, customer experience, and customer retention ratios. These solutions also help end-user companies in education and training their employees to improve their productivity and speed up the organization's journey to achieve business objectives. Furthermore, with the implementation of digital transformation solutions, organizations can meet the evolving market needs and improve their business profitability. Further, the market growth is particularly driven by rising companies' investments in big data, mobility, and cloud technologies to develop advanced Digital Experience Platforms (DXPs).
The growing use of mobile devices and their applications has transformed the various aspects of modern life. Across the globe, organizations and enterprises are shifting from traditional brick-and-mortar operations to digital operations, driving the market growth. Furthermore, the emergence of novel technologies such as the Internet of Things (IoT), Robotic Process Automation (RPA), Machine Learning (ML), and Artificial Intelligence (AI), has increased the importance of mobile applications. The way businesses operate has changed dramatically in recent years, which is why having an attractive and innovative mobile application improves the way target clients interact and engage with services that the company offers. Further, consumers now have access to different types of apps and are provided under digital transformation solutions due to increasing smartphone adoption, creating positive outlook for the market.
The COVID-19 pandemic has forced various businesses to opt for cloud technology for remote working. This has resulted in growing demand for cloud services creating a favorable environment for market growth. This has resulted in the increased adoption of cloud services to ensure business continuity. Businesses are renewing their contracts with cloud service providers while anticipating an increase in cloud migrations and, in some cases, an acceleration in cloud transformation from their customers. The widespread adoption of a number of digital-first payment methods highlights the paradigmatic shift led by the pandemic. The Buy Now, Pay Later (BNPL) trend has witnessed increased popularity in 2020 & 2021. During the pandemic, Fintech innovation has not only helped meet the changing needs of consumers but also ensured that financial services were made easily available to those who needed them the most, creating robust opportunities for market growth.
Digital Transformation Market Report Highlights:
- Based on type, the service segment is expected to register a significant CAGR during the forecast period. The rising adoption of cloud-based services is driving the segment growth.
- Based on deployment, the hosted segment led the market with the largest revenue share of 51.6% in 2024. The proliferation of cloud-based digital transformation solutions, cloud technology's various benefits such as minimum hardware requirement, low operating costs, & easy accessibility, and rising public & private investment in cloud platforms are driving the segment growth
- Based on enterprise, the small & medium-sized enterprises (SMEs) segment is expected to grow at a fastest CAGR over the forecast period. The increasing importance of digital technologies and the availability of low-cost digital transformation solutions are driving the market growth among SMEs
- Based on end-use, the healthcare segment is expected to grow with a significant CAGR during the forecast period. Digital transformation is anticipated to improve the quality of patient care. The COVID-19 pandemic propelled the adoption of advanced medical technologies such as remote patient monitoring, telemedicine, virtual reality, and neurotechnology, supporting the segment's growth
- The Asia Pacific market is expected to grow at a remarkable CAGR of 31.2% during the forecast period, owing to the expansion of the e-commerce industry, government investments in digital infrastructure, and the growing use of process automation tools powered by the latest technologies, such as AI, ML, Blockchain, and cloud computing.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Digital Transformation Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Digital Transformation Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Digital Transformation Market Type Outlook
- 4.1. Digital Transformation Market, By Type Analysis & Market Share, 2024 & 2030
- 4.2. Solution
- 4.2.1. Solution market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.1. Analytics
- 4.2.1.1.1. Analytics market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.2. Cloud Computing
- 4.2.1.2.1. Cloud computing market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.3. Mobility
- 4.2.1.3.1. Mobility market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.4. Social Media
- 4.2.1.4.1. Social Media market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.2.1.5. Others
- 4.2.1.5.1. Others market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3. Service
- 4.3.1. Service market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.1.1. Professional Services
- 4.3.1.1.1. Professional services market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.3.1.2. Implementation & Integration
- 4.3.1.2.1. Implementation & integration market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Digital Transformation Market Deployment Outlook
- 5.1. Digital Transformation Market, By Deployment Analysis & Market Share, 2024 & 2030
- 5.2. Hosted
- 5.2.1. Hosted market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.3. On-Premise
- 5.3.1. On-Premise market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Digital Transformation Market Enterprise Size Outlook
- 6.1. Digital Transformation Market, By Enterprise Size Analysis & Market Share, 2024 & 2030
- 6.2. Large Enterprises
- 6.2.1. Large enterprises market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.3. SMEs
- 6.3.1. SMEs market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Digital Transformation Market End Use Outlook
- 7.1. Digital Transformation Market, By End Use Analysis & Market Share, 2024 & 2030
- 7.2. IT & Telecommunication
- 7.2.1. IT & telecommunication market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.3. BFSI
- 7.3.1. BFSI market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.4. Retail
- 7.4.1. Retail market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5. Government
- 7.5.1. Government market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6. Healthcare
- 7.6.1. Healthcare market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7. Manufacturing
- 7.7.1. Manufacturing market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.8. Others
- 7.8.1. Others market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Digital Transformation Market: Regional Estimates & Trend Analysis
- 8.1. Digital Transformation Market Share, By Region, 2024 & 2030, USD Billion
- 8.2. North America
- 8.2.1. North America Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.3. Canada
- 8.2.3.1. Canada Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. U.K.
- 8.3.2.1. U.K. Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.3. Germany
- 8.3.3.1. Germany Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.3.4. France
- 8.3.4.1. France Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. China
- 8.4.2.1. China Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.3. Japan
- 8.4.3.1. Japan Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.4. Australia
- 8.4.4.1. Australia Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. UAE
- 8.6.2.1. UAE Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.3. Saudi Arabia
- 8.6.3.1. Saudi Arabia Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Digital Transformation Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. Accenture plc
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. Adobe Systems Inc.
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Broadcom, Inc.
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Cisco Systems, Inc.
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. Dell EMC
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. Dempton Consulting Group
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. Google LLC
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Happiest Minds
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. Hewlett Packard Enterprise Co.
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. IBM
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives
- 9.4.11. Kellton Tech Solutions Ltd.
- 9.4.11.1. Participant's Overview
- 9.4.11.2. Financial Performance
- 9.4.11.3. Product Benchmarking
- 9.4.11.4. Strategic Initiatives
- 9.4.12. Microsoft Corporation
- 9.4.12.1. Participant's Overview
- 9.4.12.2. Financial Performance
- 9.4.12.3. Product Benchmarking
- 9.4.12.4. Strategic Initiatives
- 9.4.13. Salesforce, Inc.
- 9.4.13.1. Participant's Overview
- 9.4.13.2. Financial Performance
- 9.4.13.3. Product Benchmarking
- 9.4.13.4. Strategic Initiatives
- 9.4.14. SAP SE
- 9.4.14.1. Participant's Overview
- 9.4.14.2. Financial Performance
- 9.4.14.3. Product Benchmarking
- 9.4.14.4. Strategic Initiatives
- 9.4.15. TIBCO Software
- 9.4.15.1. Participant's Overview
- 9.4.15.2. Financial Performance
- 9.4.15.3. Product Benchmarking
- 9.4.15.4. Strategic Initiatives