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

Region:Global

Author(s):

Product Code:UMTI21293

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Published on

July 2021

Total pages

223

Table of Content

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About the Report

About the Report

Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how organizations operate and deliver value to customers. It affects all sectors of society, in particular economies. Companies are now being provided with an opportunity to radically change their business models by new digital technologies like 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 and capture, while also representing a major source of risk. The rapid advances in digital technology are redefining the society.

A study conducted by E-consultancy and Marketing Week surveyed on various marketers across the world from various sectors and revealed a dramatic shift in focus towards digital transformation as a result of COVID-19 pandemic. The study further showed the extent to which organizations, majorly large enterprises are relying on digital technology in response to changes in the customer behavior during the pandemic crisis.

Based on the component, the digital transformation market is bifurcated into Solutions and Services. The solution sub-segment is further subdivided into cloud computing, big data and analytics, mobility, disruptive technology and social media. Moreover, Service segment is divided into professional services and system integration. Digital transformation helps the organization to compete better in the market by understanding customer preferences and enhance operational efficiency.
 
Based on industry vertical, the digital transformation market is fragmented banking, financial services & insurance (BFSI), healthcare, telecom & IT, automotive, education, retail & consumer goods, media & entertainment, manufacturing, government and others. For instance: in the BFSI industry, digital transformation helps to make financial transactions speedy, secure, simple, and error-free. BFSI generated highest revenue of in 2019.
 
For better understanding of the market penetration of digital transformation, the market is analyzed based on its worldwide presence in the region such as North America (US, Canada, Mexico, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Rest of Latin America) and MEA (United Arab Emirates, Kingdom of Saudi Arabia, Qatar, South Africa, Rest of MEA). North America constitutes a major market for digital transformation industry. 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 Corporation, 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 MEA Digital Transformation Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process

2.2. Research Methodology for the MEA Digital Transformation Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the MEA Digital Transformation Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 MEA DIGITAL TRANSFORMATION MARKET DYNAMICS

5.1. Market Drivers

5.1.1. Increasing Digital Transformation Initiatives by the Government

5.1.2. Increasing Penetration of IoT and Adoption of Cloud Services

5.1.3. Increasing Smartphone Users & Rapid Internet Penetration

5.2. Market Challenges

5.2.1. Security and Privacy Concerns for Confidential Data

5.2.2. Issues Related to IT Modernizations

5.3. Market Opportunity

5.3.1 Demand for Personalized Digital Transformation

5.3.2. Increasing Usage of Disruptive Technologies Such as AI, ML, and Big Data

6 LEGAL & REGULATORY FRAMEWORK

7 DEMAND AND SUPPLY SIDE ANALYSIS

7.1. Demand Side Analysis

7.2. Supply Side Analysis

7.2.1. Top Product Launches

7.2.2. Top Partnerships

7.2.3. Top Business Expansions, Investments and Divestitures

7.2.4. Top Merger and Acquisitions

8 VALUE CHAIN ANALYSIS

9 MARKET INSIGHTS BY COMPONENTS

9.1. Solution

9.1.1. Cloud Computing

9.1.2. Big Data & Analytics

9.1.3. Mobility

9.1.4. Disruptive Technology

9.1.5. Social Media

9.2. Services

9.2.1. Professional Services

9.2.2. System Integration

10 MARKET INSIGHTS BY DEPLOYMENT TYPE

10.1. On-premises

10.2. Cloud Deployment

11 MARKET INSIGHTS BY END-USER

11.1. Large Enterprise

11.2. Small & Medium Enterprise

12 MARKET INSIGHTS BY INDUSTRY VERTICAL

12.1. BFSI

12.2. Government

12.3. Healthcare

12.4. Telecom & IT

12.5. Automotive

12.6. Education

12.7. Retail & Consumer Goods

12.8. Media & Entertainment

12.9. Manufacturing

12.10. Other Industries

13 MARKET INSIGHTS BY COUNTRY

13.1. MEA Digital Transformation Market

13.1.1. Saudi Arabia

13.1.2. UAE

13.1.3. Qatar

13.1.4. South Africa

13.1.5. Rest of MEA

14 COMPETITIVE SCENARIO

14.1. Porters Five Forces Analysis

14.2. MEA Digital Transformation Market Share, by Company 2020 (%)

15 COMPANY PROFILED

15.1. IBM Corporation

15.2. SAP SE

15.3. Google Inc.

15.4. Oracle Corporation

15.5. Microsoft Corporation

15.6. Dell Ems

15.7. Adobe Systems Incorporated

15.8. Accenture PLC

15.9. Capgemini

15.10. Cognizant

16 DISCLAIMER

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