The global digital transformation market is expected to grow at a CAGR of 22.7% from 2019 to reach $3,294 billion by 2025 were, Asia Pacific global digital transformation market is expected to grow at the highest CAGR.
Digital transformation has emerged as one of the most prominent strategies for public and private organizations over the past few years. It is increasingly transforming the conventional technology landscape across all industry verticals. Although enterprise applications based on digital transformation technologies are still in their nascent stages of development, they are gradually beginning to drive innovation into the business strategies and proving their significance at every step of an organization.
Here are the top 10 companies operating in digital transformation market–
Cognizant provides IT, system technology, consulting, and operations services. The company deals with systems integration, supply chain management, engineering & manufacturing solutions, analytics, business intelligence, data warehousing, CRM, ERP, R&D outsourcing, and testing solutions. Cognizant helps clients re-engineer, digitize, manage, and operate business processes that improve customer experiences, heighten efficiency, and lower operating costs to deliver clear outcomes and topline growth.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. Some of the subsidiaries of Cognizant include Erisco, IMS International, Nielsen Media Research, Pilot Software, Strategic Technologies, and DBSS.
HP is a multinational information technology company that provides a wide variety of software components as well as hardware and associated services to consumers, small- and medium-sized businesses (SMBs), large enterprises, and health & education sectors. The company specializes in developing & manufacturing computing products, data storage, networking hardware, designing software, delivering services, and a diverse range of printers & imaging products.
With its subsidiaries and a strong network of distributors, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Some of the subsidiaries of the company are VoodooPC, Apogee Corporation Limited, HP PPS Sales Sdn. Bhd., Hewlett-Packard Development Company, HP PPS Asia-Pacific Pte. Ltd., and Indigo America, Inc.
Microsoft is one of the leading technology providers globally. The company mainly offers software products comprising Internet Explorer, Microsoft Windows OS, Microsoft Office Suite, and Edge Web browsers. Its leading hardware products are the Microsoft Surface lineup of touchscreen individual computers and Xbox video game consoles.
With its subsidiaries and strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Some of the subsidiaries of Microsoft are Double Fine Productions, GitHub, Semantic Machines, Mojang, Skype, and LinkedIn Corporation.
Intel is engaged in designing and manufacturing innovative products and technologies. The company operates in the market through six segments, namely, Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solution Group (NSG), Intel Security Group (ISecG), Programmable Solution Group (PSG), and New Technology Group (NTG). The company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory, graphic, network and communication, systems management software, conferencing, and digital imaging products. Deep learning and computer vision capabilities from Intel extend AI to the device and gateway level, giving businesses the ability to recognize loyal customers in the store, optimize inventory, or perform other intelligent tasks.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. Intel has more than 150 locations around the globe with assembly and test facilities in China, Costa Rica, Malaysia, and Vietnam. The major subsidiaries of the company are Altera, Mobileye, Nervana Systems, Wind River, and eASIC Corporation.
Google is one of the global pioneers in internet-based products and services. The company’s product portfolio ranges from search engines, cloud computing, online advertising technologies, and computer hardware & software. In addition to product and services, Google also focuses on digital transformation either directly or through its multiple subsidiaries.
Google has a strong global network with more than 70 offices in 50 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
A report into the projected growth of the current Digital Transformation Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2025, it’s expected to have grown at a CAGR of 22.7%, reaching over $3,294 billion.
IBM provides computer solutions. The company offers application, technology consulting and support, process design and operations, cloud, digital workplace, and network services, as well as business resiliency, strategy, and design solutions. The company functions through five key segments, namely, Cognitive Solutions, Technology Services & Cloud Platforms, Global Business Services, Systems, and Global Financing. The company has a diverse and vast portfolio of products and services based on technologies, such as AI, IoT, cloud computing, security, and more. IBM is the world’s enterprise AI leader and the largest cybersecurity enterprise. The company has a diverse and vast products and services portfolio, including AI, IoT, cloud computing, security, among others.
The company offers solutions for its clients to transform their business and helps them to engage with clients and employees effectively. The company has one of the largest workforces in the world.
Accenture is a leading global professional services company that provides a variety of services and solutions in operations, consulting digital, and technology. It also provides multinational professional services that specialize in Application, Infrastructure Outsourcing, Business Process Outsourcing, Management Consulting, and Systems Integration & Technology.
With its subsidiaries and strong distribution of network, the company has its presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Accenture provides its products through various subsidiaries such as Avanade, Droga5 and IMJ Corporation. The company serves clients in more than 200 cities in 120 countries that include 95 of the Fortune Global 100 and more than three-quarters of the Fortune Global 500.
Cisco Systems designs and sells a broad range of technologies that have been powering the Internet. Across networking, security, collaboration, applications, and the cloud, the company’s intent-based technologies continuously learning and adapt to provide customers with a highly secure, intelligent platform for their digital business. The company operates in four business segments, namely, Infrastructure Platform, Services, Application, Security, and Others. Its cybersecurity products and services come under the Security segment.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia-Pacific, and the Middle East & Africa. Some of its subsidiaries are Cisco WebEx, Inc (U.S.), OpenDNS (U.S.), and BroadSoft, Inc (U.S.).
SAP SE is the market leader in enterprise application software, helping companies of all sizes by providing machine learning, IoT, and advanced analytics technologies to help them turn customers’ businesses into intelligent enterprises. The company provides an integrated suite of applications, intelligent technologies, and digital platforms for industries to pursue innovative business models and deliver relevant personalized customer experience. SAP SE offers applications and platforms, such as SAP S/4HANA and SAP Customer Activity Repository for merchandise management.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The major subsidiaries of SAP SE are SuccesFactors (U.S.), Qualtrics (U.S.), and SAP Concur (U.S.).
Oracle develops and builds tools for database management and systems for middle-tier, ERP, CRM, and SCM software. Oracle Digital Engagement provides business with the foundation to transform, interact, and collaborate using modern digital applications and devices. Oracle provides digital engagement, digital security, and tools in this market.
With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia-Pacific, and the Middle East & Africa. The major subsidiaries of the company include NetSuite, Taleo, BlueKai, Dyn, Responsys, and Textura Corporation.
Popular Mentions: Nvidia Corporation (U.S.), Samsung (South Korea), LLamasoft, Inc. (U.S.), General Electric (U.S.), Deutsche Post DHL Group (Germany), Xilinx, Inc. (U.S.), Micron Technology, Inc. (U.S.), FedEx Corporation (U.S.), ClearMetal, Inc. (U.S.), Dassault Systèmes (France), and JDA Software Group, Inc. (U.S.)
Authoritative Research on the Digital Transformation Market – Global Opportunity Analysis and Industry Forecast (2019-2025)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Key questions answered in the report:
Growing adoption of IoT technology in developing countries will propel the global digital transformation market
- How does the adoption of IoT technology in developed regions differ from the adaptation of artificial intelligence and robotic process automation in the digital transformation market?
- Which are the high growth market segments in terms of type, regions, and countries?
- How is the competition between the major and prominent local players in this market?
- What impact does this have on the adoption of IoT technology in comparison to other conventional technology for global digital transformation market?
- What are the geographical trends and high growth regions/ countries?
- Conversely, which geographic segment is expected to experience the fastest growth for IoT technology in digital transformation?
Healthcare sector is witnessing strong growth across global digital transformation market
- What factors contribute to the high growth of digital transformation in the healthcare sector?
- Which geographic segment is expected to experience the fastest growing digital transformation in the healthcare sector?
Global Digital Transformation market favors both larger and local manufacturers that compete in multiple segments
- What are the top competitors in this market and what strategies do they employ to gain shares?
- What is driving growth and which market segments have the most potential for revenue expansion over the forecast period?
- What strategies should new companies look to enter this market use to compete effectively?
- What are the major drivers, restraints, and opportunities in the global digital transformation market?
- Who are the major players in various countries and what share of the market do they hold?
- What are the geographical trends and high growth regions/ countries?
Recent partnerships, acquisitions, and expansions have taken place in the global digital transformation market
- What companies have recently merged/acquired and how will these unions affect the competitive landscape of the global digital transformation market?
- What companies have created partnerships and how will these partnerships promote a competitive advantage?
- Who are the major players in the global digital transformation market and what share of the market do they hold?
- What are the local emerging players in the global digital transformation market and how do they compete with the global players?
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