Tata Consultancy Services is an IT services, consulting and business solutions organisation that has been partnering with many of the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognised as a benchmark of excellence in software development.

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LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global digital transformation market and it is poised to grow by USD 129.64 bn during 2020-2024, decelerating at a CAGR of almost 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What are the major trends in the market?
  Increasing technology partnerships in the retail sector is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 17.79% and the incremental growth of the market is anticipated to be $ 129.64 bn.
• Who are the top players in the market?
  Alibaba Cloud, Amazon Web Services Inc., Google LLC, IBM Corp., Intel Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and Tata Consultancy Services Ltd., are some of the major market participants.
• What is the key market driver?
  The focus on offering omnichannel experience is one of the major factors driving the market.
• How big is the North America market?
  The North America region will contribute 32% of the market share.

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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Alibaba Cloud, Amazon Web Services Inc., Google LLC, IBM Corp., Intel Corp., Microsoft Corp., Oracle Corp., Salesforce.com Inc., SAP SE, and Tata Consultancy Services Ltd. are some of the major market participants. The focus on offering omnichannel experience will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Digital Transformation Market 2020-2024: Segmentation

Digital Transformation Market is segmented as below:

• Technology
  • IoT
  • Cloud Computing
  • Big Data
  • AI
  • AR/VR
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Digital Transformation Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The digital transformation market report covers the following areas:

• Digital Transformation Market Size
• Digital Transformation Market Trends
• Digital Transformation Market Industry Analysis

This study identifies increasing technology partnerships in the retail sector as one of the prime reasons driving the global digital transformation market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Digital Transformation Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist digital transformation market growth during the next five years
• Estimation of the digital transformation market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the digital transformation market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of global digital transformation market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• Preface
• Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Value chain analysis
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

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• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

• Market segmentation by technology
• Comparison by technology
• IoT - Market size and forecast 2019-2024
• Cloud computing - Market size and forecast 2019-2024
• Big data - Market size and forecast 2019-2024
• AI - Market size and forecast 2019-2024
• AR/VR - Market size and forecast 2019-2024
• Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Increasing technology partnerships in retail sector
• Increasing use of analytics
• Growth of m-commerce

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Alibaba Cloud
• Amazon Web Services, Inc.
• Google LLC
• IBM Corp.
• Intel Corp.
• Microsoft Corp.
• Oracle Corp.
• Salesforce.com Inc.
• SAP SE
• Tata Consultancy Services Ltd.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.