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

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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 such as social media, smartphone, big data, Internet of things and others such as AI and 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 North American 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 423.2 billion in 2020. However, Service segment is expected to witness highest CAGR growth of 16.43% 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 324.5 billion in 2020.
 
Based on end-user the North American 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 333.3 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 135.6 billion in 2020.
 
For better understanding of the market penetration of digital transformation, the report provide detailed analysis of major countries including North America (US, Canada, Rest of North America) 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.
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Table Of Content

Scope

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 North America Digital Transformation Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process

2.2. Research Methodology for the North America Digital Transformation Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the North America Digital Transformation Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 NORTH AMERICA 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. High Upfront Cost and Other Issues related to IT adoption.

5.3. Market Opportunity

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

6 LEGAL & REGULATORY FRAMEWORK

6.1. United States

6.2. Canada

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. North America Digital Transformation Market

13.1.1. United States

13.1.2. Canada

13.1.3. Rest of North America

14 COMPETITIVE SCENARIO

14.1. Porters Five Forces Analysis

14.2. North America Digital Transformation Market Share, by Company 2019 (%)

14.3. North America Cloud Infrastructure Service Spending, by Company Q4 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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Products and Companies


Companies

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

Company Profile

Company Profile Title

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 such as social media, smartphone, big data, Internet of things and others such as AI and 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 North American 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 423.2 billion in 2020. However, Service segment is expected to witness highest CAGR growth of 16.43% 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 324.5 billion in 2020.
 
Based on end-user the North American 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 333.3 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 135.6 billion in 2020.
 
For better understanding of the market penetration of digital transformation, the report provide detailed analysis of major countries including North America (US, Canada, Rest of North America) 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.
READ MORE

Scope

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 North America Digital Transformation Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process

2.2. Research Methodology for the North America Digital Transformation Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the North America Digital Transformation Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 NORTH AMERICA 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. High Upfront Cost and Other Issues related to IT adoption.

5.3. Market Opportunity

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

6 LEGAL & REGULATORY FRAMEWORK

6.1. United States

6.2. Canada

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. North America Digital Transformation Market

13.1.1. United States

13.1.2. Canada

13.1.3. Rest of North America

14 COMPETITIVE SCENARIO

14.1. Porters Five Forces Analysis

14.2. North America Digital Transformation Market Share, by Company 2019 (%)

14.3. North America Cloud Infrastructure Service Spending, by Company Q4 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

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS


Companies

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