Analysis and Forecasts by Components (Solution and Services); Deployment Type (Cloud and On-Premise); and End-User (BFSI, Healthcare, Education, Retail, IT & Telecom, Logistics & Transportation, Manufacturing, and Others)
No. of Pages:150
Report Code:
TIPRE00005036
Category:
Technology, Media and Telecommunications
Europe Digital transformation market is expected to grow from US$ 92.7 Bn in 2017 to US$ 520.4 Bn by the year 2025. This represents a CAGR of 26.0% from the year 2018 to 2025.
Over the past two decades, an array of rapid advancements in technology has facilitated transformation of customer expectations while providing organizations with the digital tools to offer innovative services. The speed of this digitization is set to increase, owing to substantial advantages that digitalization delivers to customers. Progressive technology has allowed customers to share their experiences, ideas and opinions with the masses at one click. The present customer values the review of strangers over advertisement and has high beliefs for customer experience. Furthermore, nowadays, customers expect fast responses from brands, self-serve options, easy access to solutions and tools, and customized messaging among other such services.
These expectations are anticipated to evolve continuously with time, encouraging companies to deliver advanced services in innovative ways and adopting complex technologies, operational capabilities, and marketing approaches. Within this dynamic landscape, significant opportunities will clear themselves to generate revenues, reduce costs, and deepen customer experience. For attaining these, companies are implementing digital solutions and abandoning traditional ways of working. By reconsidering traditional operating models that hamper companies from attaining their potential and merging digital technologies and operating competences in a combined, and synchronized way; companies can form customer-focused strategies that can withstand new levels of agility, efficiency, speed, and accuracy. Thus, changing customer experiences are driving the implementation of digital solutions by enterprises to efficiently compete with its rivals.
In Europe Digital Transformation market France is expected to grow at a good CAGR in the forecast period. Though the digital transformation has been implemented in the country, only around 36% of the company have stated a formalized digital strategy while rest have implemented it as medium term priority. There are less number of companies in France that provides online shopping services. However, the country is realizing the benefits of the digital technologies and starting to implement it on a wider level, which will support the growth of the market in France. The figure given below highlights the revenue share of Italy in the Europe digital transformation market in the forecast period:
Exhibit: Italy Digital Transformation Market Revenue and Forecasts to 2025 (US$ Bn)
EUROPE DIGITAL TRANSFORMATION MARKET-SEGMENTATION
Europe Digital Transformation Market By Component
• Solution
• Service
Europe Digital Transformation Market By Type
• Cloud
• On-Premise
Europe Digital Transformation Market By End-User
• BFSI
• Healthcare
• Education
• Retail
• IT & Telecom
• Logistics & Transportation
• Manufacturing
• Others
Europe Digital Transformation Market By Country
• France
• Germany
• Italy
• Spain
• UK
• Rest of Europe
Companies Mentioned
• IBM Corporation
• Accenture
• SAP SE
• Microsoft Corporation
• Oracle Corporation
• Capgemini
• Adobe Systems
• Google, Inc.
• Dell, Inc.
• Cognizant Technology Solutions Corporation
Europe Digital Transformation Market Strategic Insights
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Europe Digital Transformation Market Segmentation Analysis
Europe Digital Transformation Market Report Highlights
Europe Digital Transformation Report Scope
Report Attribute
Details
Market size in 2017
US$ 92.7 Billion
Market Size by 2025
US$ 520.4 Billion
CAGR (2018 - 2025)
26.0%
Historical Data
2015-2016
Forecast period
2018-2025
Segments Covered
By Components
Solution
Services
By Deployment Type
Cloud
On-Premise
By End-User
BFSI
Healthcare
Education
Retail
IT & Telecom
Logistics & Transportation
Manufacturing
Regions and Countries Covered
Europe
UK
Germany
France
Russia
Italy
Rest of Europe
Market leaders and key company profiles
IBM Corporation
Accenture
SAP SE
Microsoft Corporation
Oracle Corporation
Capgemini
Adobe Systems
Google, Inc.
Dell, Inc.
Cognizant Technology Solutions Corporation
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Europe Digital Transformation Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the Europe Digital Transformation Market?
The Europe Digital Transformation Market is valued at US$ 92.7 Billion in 2017, it is projected to reach US$ 520.4 Billion by 2025.
What is the CAGR for Europe Digital Transformation Market by (2018 - 2025)?
As per our report Europe Digital Transformation Market, the market size is valued at US$ 92.7 Billion in 2017, projecting it to reach US$ 520.4 Billion by 2025. This translates to a CAGR of approximately 26.0% during the forecast period.
What segments are covered in this report?
The Europe Digital Transformation Market report typically cover these key segments-
What is the historic period, base year, and forecast period taken for Europe Digital Transformation Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Digital Transformation Market report:
Historic Period : 2015-2016
Base Year : 2017
Forecast Period : 2018-2025
Who are the major players in Europe Digital Transformation Market?
The Europe Digital Transformation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
IBM Corporation
Accenture
SAP SE
Microsoft Corporation
Oracle Corporation
Capgemini
Adobe Systems
Google, Inc.
Dell, Inc.
Cognizant Technology Solutions Corporation
Who should buy this report?
The Europe Digital Transformation Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Europe Digital Transformation Market value chain can benefit from the information contained in a comprehensive market report.
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