About Digital Transaction Management (DTM)
Digital Transaction Management (DTM) is a cloud computing service that allows users to digitally manage document-based transactions. DTM services aim to speed up the signing of business agreements and contracts by digitizing the process in a way that is fast, accurate and secure.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The DTM market is expected to continue to grow rapidly in the coming years. As businesses increasingly look to automate and streamline their operations, DTM platforms will become an essential tool for success. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Digital Transaction Management (DTM) market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Opus 2 International Limited (United Kingdom), Accenture (Ireland), Airbus SE (France), BASF SE (Germany), Stellantis (Netherland), Siemens AG (Germany), Samsung (South Korea), Procter & Gamble Company (United States), Nestlé (Switzerland) and International Business Machines Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pfizer Inc. (United States), Novartis International AG (Switzerland), Lockheed Martin Corporation (United States), Daimler AG (Germany) and The Coca‑Cola Company (United States).
Segmentation Overview
AMA Research has segmented the market of Global Digital Transaction Management (DTM) market by and Region.
On the basis of geography, the market of Digital Transaction Management (DTM) has been segmented into 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).
If we see Market by , the sub-segment i.e. will boost the Digital Transaction Management (DTM) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Increased adoption of cloud-based solutions
Market Growth Drivers:
Increasing automation and digitization of businesses and Growing need for digitalization and automation in businesses
Challenges:
Risk of cyberattacks
Restraints:
Security Concerns
Opportunities:
Growing advancement in digital technology and Rapid growth of e-Commerce
Market Leaders and their expansionary development strategies
In October 2023, Transaction Services has partnered with Silverflow to enhance the management of customer payments. The partnership aims to provide current and new clients with more capabilities and efficiency in payment solutions for acquirers, merchants, and customers.
In August 2023, Opus 2 launched Opus 2 Transaction Management, designed to streamline and enhance M&A transactions for corporate lawyers, while also reducing write offs and improving client experience. Opus 2 Transaction Management is built on the same proven technology platform as Opus 2 Case Management, the company's current market-leading litigation case management software.
Key Target Audience
Market Research & Consultancy Firm, Potential Investor, Government & Regulatory Bodies, Specific Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.