Global Digital Transformation Market Set to Grow at Over 20.6% CAGR

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Exactitude Consultancy, a leading market research firm, has released an extensive research report on the Global Digital Transformation Market, projecting a Compound Annual Growth Rate (CAGR) of over 20.6% during the forecast period. 

The report provides detailed insights into various market aspects, including technologies, enterprise types, deployment models, industries, and regions.

“Digital transformation is the process of employing digital technology to develop new —- or adapt current —- business processes, culture, and customer experiences to meet changing business and market requirements,” mentioned Exactitude Consultancy.

Recent developments in the market highlight the partnerships and collaborations between significant players in the industry. Notable examples include:

  • Microsoft’s five-year partnership with Telstra to fuel Australia’s digital transformation.
  • Ducati’s alliance with SAP for business process digitalisation.
  • IBM’s introduction of Projection with IBM Watson for golf forecasts.
  • Salesforce’s innovations in Customer Data Platform and mobile offline access.

JCDecaux, an out-of-home media company, exemplifies industry trends by implementing digital transformation initiatives such as carbon neutrality and sustainable practices. These efforts contribute to the company’s commitment to environmental, social, and governance goals, positioning it as a forward-thinking player in the industry.

According to the report, the Global Digital Transformation Market was valued at USD 558.87 billion in 2022 and is projected to reach USD 2073.68 billion by 2029. Prominent companies profiled in the report include Microsoft, IBM, SAP, Oracle, Google, Dell EMC, Deloitte, Baidu, HPE, Adobe, Alibaba, and Salesforce.

Exactitude Consultancy’s research methodology involves robust data triangulation and validation through primary research, ensuring the accuracy and reliability of the findings. The report offers comprehensive insights into market development, innovation, competitive assessment, and diversification.

Industry statistics, statistical analysis, and surveys conducted with industry leaders contribute to the depth and reliability of the research. Customisation options are available to cater to customers’ specific needs and preferences.

The report is valuable for market participants, including investors, manufacturers, distributors, and regulatory bodies. It gives them the information to make informed decisions in the rapidly evolving Global Digital Transformation Market.

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