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:
EUROPE DIGITAL TRANSFORMATION MARKET-SEGMENTATION
Europe Digital Transformation Market By Component
Europe Digital Transformation Market By End-User
Europe Digital Transformation Market By Country
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
Europe Digital Transformation Market Report Highlights
| 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
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Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Digital Transformation Market Country and Regional Insights
