The global digital transformation market size is expected to reach $4,617-trillion by 2030, registering a CAGR of 26,7% from 2023 to 2030, according to a new report by Grand View Research. Digital transformation assists companies in improving their brand reputation, customer experience, and customer retention ratios. These solutions also help end-user companies in education and […]
The global digital transformation market size is expected to reach $4,617-trillion by 2030, registering a CAGR of 26,7% from 2023 to 2030, according to a new report by Grand View Research.
Furthermore, with the implementation of digital transformation solutions, organizations can meet the evolving market needs and improve their business profitability. The market growth is mainly driven by rising companies’ investments in big data, mobility, and cloud technologies to develop advanced digital experience platforms .
The way businesses operate has changed significantly in recent years, therefore, having an attractive and innovative mobile application improves the way target clients interact and engage with services that the company offers. Businesses are renewing their contracts with cloud service providers while anticipating an increase in cloud migrations, and in some cases, an acceleration in cloud transformation from their customers.
* In terms of service, the professional services segment is anticipated to grow at the fastest CAGR of 28,3% over the forecast period as these services help organisations digitise their business operations. The professional services help end-user organisations select proper digital transformation solutions, manage the operations of cloud-based digital transformation solutions, address client issues, and effective resource utilisation, among other assistance.
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