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Global Market Report 2022 for Digital Transformation

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Major players in the digital transformation market are Microsoft Corporation, IBM Corporation, Oracle Corporation, Google Inc., Cognizant, Accenture PLC, Dell EMC, Siemens AG, Hewlett-Packard Company, Adobe Systems Inc.

NEW YORK, Sept. 14, 2022 (GLOBE NEWSWIRE) — Announces Release of Report “Digital Transformation Global Market Report 2022” – =GNW
Capgemini, Cognex Corporation, Deloitte, Marlabs Inc., Equinix Inc., PricewaterhouseCoopers, Apple Inc., Broadcom, CA Technologies, KELLTON TECH, International Business Machines Corporation, Hakuna Matata Solutions, ScienceSoft Inc., SumatoSoft, Space-O Technologies, HCL Technologies, and Tibco Software Inc.

The global digital transformation market is expected to grow from $944.9 billion in 2021 to $1,178.3 billion in 2022, at a compound annual growth rate (CAGR) of 24.7%. The digital transformation market is expected to grow to $2,643.53 billion in 2026, at a CAGR of 22.4%.

The digital transformation market consists of the sale of digital transformation solutions by entities (organizations, sole proprietorships, and partnerships). They are used to develop or adapt new corporate processes, cultures and consumer experiences. Digital technologies to create or change new business processes, cultures, and consumer experiences.

It’s redesigning business for the digital age. Cloud computing, big data and analytics, artificial intelligence, and the Internet of Things are digital transformation solutions that enable traditional companies to optimize company operations, minimize operational effort, and increase efficiency. is an example of

The main types of digital transformation are cloud computing, big data and analytics, artificial intelligence (AI), Internet of Things (IoT), and blockchain. Existing services such as business processes.

Cloud service providers offer pay-as-you-go cloud platforms for clients to store their business databases. This helps optimize your business. Access to clients to run their business.

Various deployment modes include cloud and on-premises used by large and small businesses (SMEs). Various end users include BFSI, Healthcare, Telecom and his IT, Automotive, Education, Retail, Consumer Goods, Media and Entertainment, Manufacturing, Government.

North America was the largest region in the digital transformation market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period.

The regions covered by this digital transformation market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Digital Transformation Market research report provides Digital Transformation market statistics, including global market size, share by region, competitors with Digital Transformation market share, detailed Digital Transformation market segments, market trends and opportunities for the Digital Transformation industry is one of a series of new reports that provide , and other data you need to succeed in the digital transformation industry. This Digital Transformation Market research report provides a complete outlook of everything you need by analyzing the current and future state of the industry in detail.

Increasing adoption of machine learning and artificial intelligence is expected to boost the growth of the digital transformation market in the coming years. Digital transformation offers traditional enterprises solutions such as cloud computing, big data and analytics, data management, and other advanced capabilities such as artificial intelligence. Machine learning that helps optimize operations reduces effort and increases efficiency.

Hence, its increasing usage in various sectors such as healthcare, banking, transportation, manufacturing, etc., is driving the demand in the digital transformation market. The use of machine learning in Indian manufacturing has increased manufacturing capacity by up to 20% and reduced material usage by his 4% in 2021.

It also enables manufacturers to control overall equipment effectiveness (OEE) at the plant level, increasing OEE performance from 65% to 85%. Additionally, according to the 2022 MIT Technology Review Insights report, nearly 60% of manufacturers rely on artificial intelligence to improve their day-to-day operations, design products, and plan future operations.

Therefore, increasing adoption of machine learning and AI is driving the digital transformation market.

Technological advances in digital solutions are a key trend gaining popularity in the digital transformation market. Leading companies operating in the digital transformation market are focusing on developing technologically advanced products to strengthen their market position.

For example, in April 2020, Oracle Corporation, a US-based computer technology company and software solutions provider, built a new cloud data storage service called GoldenGate. This is Oracle’s cloud infrastructure software that uses real-time data analytics to analyze data. Real-time data analysis allows you to analyze data very quickly using various logical and mathematical operations. It helps you understand business requirements and make decisions instantly.

GoldenGate provides clients with highly automated and fully managed cloud services, including database replication, real-time data analytics, and real-time data ingestion to the cloud. This makes day-to-day business operations easier and more analyzable.

In October 2021, Accenture plc, a professional services company based in Ireland, acquired Umlaut Systems Gmbh for an undisclosed amount. Through this acquisition, Accenture plc aims to strengthen its engineering capabilities to enable companies to use digital technologies such as cloud and artificial intelligence to add key solutions. By bringing engineers and consultants in 17 countries around the world to Accenture’s Industry X services, you can strengthen your capabilities in industries such as automotive, aerospace and defense, energy, communications and utilities.

Umlaut Systems Gmbh is a Germany-based custom engineering solutions provider that develops organizational cultures, structures and processes.

Countries covered by the digital transformation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
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