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Europe Digital Transformation Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMTI21290

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Published on

July 2021

Total pages

241

Table of Content

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About the Report

About the Report

Digital transformation is the integration of digital technology in almost all areas of business, fundamentally changing how organizations operate and deliver value to customers. Companies are now being provided with an opportunity to radically change their business models via new digital technologies such as social networks, mobile, big data, Internet of things, other innovations like blockchain. This typically includes changes of the core business operations and modifies products and processes, as well as organizational structures, as companies ought to set up management practices to conduct these complex transformations. Organizations today increasingly realize they can no longer focus on just selling products; they need to sell an experience. An increasing number of products today both consume and generate data, and many are interconnected through the Web. Because of this increased intelligence, their usage can be monitored, additional services can be proactively offered, or maintenance can be provided when a problem is detected. Digitalization is the cause of large-scale and sweeping transformations across multiple aspects of business, providing unparalleled opportunities for value creation, while also representing a major source of risk.

Based on the component, the European digital transformation market is bifurcated into Solutions and Services. The solution sub-segment is further divided into cloud computing, big data and analytics, mobility, disruptive technology and social media. Moreover, Service segment is divided into professional services and system integration. Solution segment dominated the market and generated revenue of USD 259.0 billion in 2020. However, Service segment is expected to witness highest CAGR growth of 19.5% during the forecast period (2021-2027). Based on Deployment type the market is segmented into On-premises and cloud deployment. Currently, cloud deployment model dominated the market and generated revenue of USD 204.3 billion in 2020.
 
Based on end-user the European digital transformation market is bifurcated into large enterprises and SME's. Owing to high cost of digital technology deployment large enterprise invested most on digital technology. The segment generated revenue of USD 203.8 billion in 2020. Based on industry vertical, the market is fragmented into BFSI, healthcare, telecom & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, government and others. In the BFSI industry, digital transformation helps to make financial transactions speedy, secure, simple, and error-free. BFSI generated highest revenue of USD 79.3 billion in 2020.
 
For better understanding of the market penetration of digital transformation, the report provide detailed analysis of major countries including Europe (Germany, UK, Russia, France, Italy, Spain, Rest of Europe). Germany dominated the European digital transformation market, generating revenue of USD 58.4 billion in 2020. Some of the major players operating in the market include IBM Corporation, Cognizant, SAP SE, Dell, Microsoft Corporation, Adobe Systems Incorporated, Accenture PLC, Capgemini, Oracle Corporation and Google Inc.

Products


Companies

IBM Corporation, Cognizant, SAP SE, Dell, Microsoft Corporation, Adobe Systems Incorporated, Accenture PLC, Capgemini, Oracle Corporation and Google Inc.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency Used in Report

1.5. Scope of the Europe Digital Transformation Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process

2.2. Research Methodology for the Europe Digital Transformation Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Europe Digital Transformation Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 EUROPE DIGITAL TRANSFORMATION MARKET DYNAMICS

5.1. Market Drivers

5.1.1. Rapid Digitalizing Business Operations

5.1.2. Proliferation of Smartphone and Mobile Application

5.1.3. Penetration of IoT and Adoption of Cloud Services

5.2. Market Challenges

5.2.1. Security and Privacy Concerns

5.2.2. Unfavorable firm-size distribution

5.3. Market Opportunity

5.3.1. Digital firms tend to be more productive.

5.3.2. Digital firms are more likely to grow and create jobs.

6 LEGAL & REGULATORY FRAMEWORK

7 USED CASE EXAMPLE OF DIGITAL TECHNOLOGY IN EUROPEAN INDUSTRIAL SECTOR

7.1. 3D scanner to design made-to-measure shoe insoles using HPC.

7.2. Sustainable agriculture powered by smart technologies.

7.3. 3D printing and HPC to improve gearbox production.

7.4. SME improves design of an aircraft.

8 DEMAND AND SUPPLY SIDE ANALYSIS

8.1. Demand Side Analysis

8.2. Supply Side Analysis

8.2.1. Top Product Launches

8.2.2. Top Partnerships

8.2.3. Top Business Expansions, Investments and Divestitures

8.2.4. Top Merger and Acquisitions

9 VALUE CHAIN ANALYSIS

10 MARKET INSIGHTS BY COMPONENTS

10.1. Solution

10.1.1. Cloud Computing

10.1.2. Big Data & Analytics

10.1.3. Mobility

10.1.4. Disruptive Technology

10.1.5. Social Media

10.2. Services

10.2.1. Professional Services

10.2.2. System Integration

11 MARKET INSIGHTS BY DEPLOYMENT TYPE

11.1. On-premises

11.2. Cloud Deployment

12 MARKET INSIGHTS BY END-USER

12.1. Large Enterprise

12.2. Small & Medium Enterprise

13 MARKET INSIGHTS BY INDUSTRY VERTICAL

13.1. BFSI

13.2. Government

13.3. Healthcare

13.4. Telecom & IT

13.5. Automotive

13.6. Education

13.7. Retail & Consumer Goods

13.8. Media & Entertainment

13.9. Manufacturing

13.10. Other Industries

14 MARKET INSIGHTS BY COUNTRY

14.1. Europe Digital Transformation Market

14.1.1. Germany

14.1.2. UK

14.1.3. Russia

14.1.4. France

14.1.5. Italy

14.1.6. Spain

14.1.7. Rest of Euro

15 COMPETITIVE SCENARIO

15.1. Porters Five Forces Analysis

15.2. Europe Digital Transformation Market Share, by Company 2019 (%)

15.3. Europe Cloud Infrastructure Service Leader 2020

16 COMPANY PROFILED

16.1. IBM Corporation

16.2. SAP SE

16.3. Google Inc.

16.4. Oracle Corporation

16.5. Microsoft Corporation

16.6. Dell Ems

16.7. Adobe Systems Incorporated

16.8. Accenture PLC

16.9. Capgemini

16.10. Cognizant

17 DISCLAIMER

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