AMA Research, a global market research and consulting organization, have released a new study titled "Digital Business Transformation market - Global outlook to 2028". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Digital Business Transformation market to grow at a CAGR of 20.2% to aggregate USD700.1 Billion by 2028.
The Functionality Type, such as Customer Transformation, is boosting the Digital Business Transformation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment Type, such as Cloud, is boosting the Digital Business Transformation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Technology Type, such as Artificial Intelligence (AI), is boosting the Digital Business Transformation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Industry Vertical, such as BFSI, is boosting the Digital Business Transformation market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Digital Business Transformation market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Digitalizing Organizational Business Functions to Serve Changing Customer Preferences and Enhance Operational Efficiency and The Emergence of Industry 4.0 and Rapid Advances in Digital Technology are Redefining Society. ??
Digital business transformation, an integration of digital technology to meet customer expectation and improve the speed and efficiency in which services are provides in all areas of a business. It is a profound transformation of business and organisational activities, competencies and models to wholly leverage the changes and opportunities of a mix of digital technologies, with present and future shifts. Digital transformation adoption has reached the next level in some countries, especially developed ones. Technically advanced countries such as Japan aims to use digital transformation in the country’s new initiative known as Society 5.0, which is highly advanced as compared to ongoing Industry 4.0 trend.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Digital Business Transformation market and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market