Digital Transformation Market Segmentation:
End use Segment Analysis
The BFSI segment is estimated to capture 24.9% in the digital transformation market throughout the forecast period, powered by the rapid shift toward digital payments, online banking, and AI-powered financial services. With over 95% of banking payment transactions in India already digital and fintech platforms expanding at nearly 30% annually, the sector is investing in advanced technologies to improve customer experience, bolster risk management, and optimize operations. The adoption of AI, cloud services, and blockchain is supporting banks and insurers to grant secure, scalable, and personalized solutions. A recent example is the RBI's launch of the Public Tech Platform for Frictionless Credit in August 2023, which uses digital infrastructure to offer faster and highly inclusive lending. Such initiatives indicate how BFSI is leading digital adoption, making it a key end user of the industry.
Deployment Type Segment Analysis
The cloud-based segment is projected to account for 64.1% of the market share through 2035. The segment is experiencing strong growth as organizations adopt scalable, cost-efficient, and flexible deployment models to modernize operations. Cloud platforms allow real-time data processing, smooth integration of AI and analytics, and faster innovation cycles as compared to traditional on-premises systems. Businesses in several industries are using cloud solutions to support remote work, enhance cybersecurity, and provide personalized customer experiences.
Our in-depth analysis of the global market includes the following segments:
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