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Digital transformation is the adoption of digital technology into all sectors of a business, drastically changing how users perform and provide value to customers. Automation, improved manufacturing techniques, and production optimization are three critical pillars in the digital transformation sector, which refers to a collection of development and integration solutions aimed at creating new business models and revenue streams. This type of change, however, is not limited to the technology used; it also includes a shifting culture that pervades all workplaces and a shift in how different teams are managed. Only in this manner can digitization have a significant and positive impact on a company's output.
Digital Transformation Market Report Scope:
The Digital Transformation market has been studied at the regional and national levels. The study includes a segment- and region-specific analysis of the Digital Transformation market dynamics, including drivers, restraints, challenges, and opportunities. Because of the detailed market analysis, the report serves as an investor's guide.
A bottom-up approach has been employed to estimate the Digital Transformation market size. Secondary research identifies key players in the Digital Transformation market, and primary and secondary research determines their market revenues. Primary research included interviews with key opinion leaders and Digital Transformation industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals, while secondary research included a review of annual and financial reports from leading manufacturers. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the Digital Transformation key players in the industry.
Digital Transformation Market Report Overview:
Stellar Market Research's new market intelligence report indicates lucrative growth for Digital Transformation Market suppliers in the forecast period through 2029. The market report includes the market's growth drivers, major restraints, upcoming challenges, and current opportunities.
Digital Transformation Market size was valued at US$ 995.4 Billion in 2020 and the total Digital Transformation revenue is expected to grow at 13.7% through 2021 to 2027, reaching nearly US$ 2445.24 Billion
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Digital Transformation Market Regional Analysis:
Government actions and regulations in the industry fuel Digital Transformation Market growth in the region. The Digital Transformation market report includes market geography, market size and share, as well as in-depth research into the business network structure, opportunities, and news updates. The report covers all regions, including North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Digital Transformation Market Segmentation:
The Industrial Robotics section of the digital transformation market is estimated to increase at a CAGR of 15.3% during the forecast period. Industry 4.0 has accelerated technological advancements such as collaborative robots, SCARA (Selective Compliance Articulated Robot Arm) robots, mono axis, AI-based robots, and recently developed exoskeletons, allowing industries to use robots to optimize various processes, boost productivity, and reduce errors. As worker safety and production capacity have improved, industry investment in robotic systems has expanded.
The dynamic market needs and the rapid evolution of information technology boost digital transformation significantly. Currently, industrial robots play an important role in industrial automation since they supervise many of the industry's major activities. As demand grows around the world, equipment makers are deploying robots to streamline monotonous tasks. The rapid growth of industrial robots is attributed in part to the emergence of the automobile sector.
The pharmaceutical industry has been severely hit in the recent year. Since the global spread of COVID-19, the digital transformation market has been forced to fast alter its practices in order to respond to new and developing health concerns. As a result, automation has emerged as one of the most critical means for businesses in this sector to maintain required output while adhering to social distancing standards. As a result of these improvements, the life sciences and pharmaceutical industries have seen the greatest increase in robotics in the recent year.
Digital Transformation Market Key Players:
Microsoft (US)
IBM (US)
SAP (Germany)
Oracle (US)
Google (US)
Cognizant (US)
HPE (US)
Adobe (US)
Accenture (Ireland)
HCL Technologies (India)
Broadcom (US)
Equinix (US)
Dell (US)
Tibco (US)
Marlabs (US)
Alcor Solutions (US)
Smart Stream (UK)
Key Questions answered in the Digital Transformation Market Report are:
Key offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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