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Digital Transformation Market Trends

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Report ID: 3624
Published Date: Aug 26, 2024
Report Format: PDF, PPT

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Digital Transformation Market Trends

Growth Drivers

Advent of Industry 4.0 in Manufacturing Sector
Increasing Integration of Several Digital Transformation Technologies

Challenges

Privacy Concerns Associated with Confidential Data

Digital Transformation Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	26.5%
Base Year Market Size (2023)	USD 887.41 billion
Forecast Year Market Size (2036)	USD 18.84 trillion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Digital Transformation Market Size & Share, Growth Trends 2036

Author Credits: Abhishek Verma

Report ID: 3624
Published Date: Aug 26, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of digital transformation is evaluated at USD 1.07 trillion.

Digital Transformation Market size was valued at USD 887.41 billion in 2023 and is set to cross USD 18.84 trillion by 2036, expanding at more than 26.5% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by advent of industry 4.0 in manufacturing sector and increasing integration of several digital transformation technologies.

Asia Pacific industry is predicted to hold largest revenue share by 2036, ascribed to upsurge in usage of cloud technologies among various industries, and growing number of small and medium sized organizations in the region.

The major players in the market are Google LLC, Accenture PLC, IBM Corporation, Microsoft Corporation, and others.

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