Digital transformation is characterized as operational, organizational and cultural change of an industry, enterprise or ecosystem by the integration of digital technologies. It commonly involves the use of advanced technologies including 3D printing, robotics, artificial intelligence (AI) and additive-manufacturing. It is generally implemented by hardware upgrades, on-site or cloud software, and digital experience platforms (DEP). These solutions help to optimize the organization's processes and skills by digitally transmitting operations and improving brand reputation, customer experience, and customer retention relationships. Therefore, digital transformation is finding widespread application across a variety of industries including healthcare, information technology (IT), banking, financial services and insurance (BFSI), retail, and transportation.
The
increasing acceptance of various technologies for creating new processes,
products & services and business models by the use of digital tools
increases the demand for digital transformation and drives market growth. In
addition, with the increasing penetration of smartphones & internet, various
organizations & industries are driving digitization by enabling the use of
the latest technologies for greater efficiency and productivity. Since the
digital transformation can integrate databases, applications, and software for
business intelligence & improve the productivity, it is increasingly used
by organizations to convert the consumer experience, which further increases
market growth. The increasing demand for faster and more profitable innovations
through the use of technologies for instance machine learning, blockchain and
quantum computing is also increasing market growth.
As
per analysis, “MEA Digital Transformation Market: Current Analysis
and Forecast (2021-2027)” Some of the key companies
operating in the MEA digital transformation market include Cognizant, IBM
Corporation, SAP SE, Microsoft Corporation, Dell Corporation, Adobe Systems
Incorporated, Capgemini, Oracle Corporation, Accenture PLC, Google Inc. and
among others.
In
terms of components, MEA digital transformation market has been categorized as
services (system integration and professional services) and solutions
(mobility, big data & analytics, cloud computing, social media and
disruptive technology). In terms of deployment type, market has been
categorized as cloud deployment and on-premise. Additionally, In terms of
industry vertical, market has been categorized as manufacturing, automotive,
telecom & IT, BFSI, healthcare, education, government, retail &
consumer goods and others.
Growth
in penetration of Internet-of-Things (IoT) and adoption of cloud services,
followed by rapid digitization & automation of various business processes, increase
in digital transformation initiatives by the government, rapid internet
penetration and increase in Smartphone users are some major factors, which are
responsible for growth of the MEA digital transformation market. Apart from
this, increase in issues related to IT modernizations and surge in security
& privacy concerns for confidential data may impact the market. Moreover,
rise in usage of disruptive technologies such as Machine-Learning (ML),
Artificial Intelligence (AI) and Big Data is a leading opportunity for global
market.
Based
on country-wise analysis, the MEA digital transformation market can be
segmented as South Africa, UAE, Saudi Arabia, Qatar and rest of MEA. It is
projected that future of the MEA digital transformation market will be bright
as a result of increase in projects like smart city, growth in adoption of
cloud platforms, and rise in usage of real-time application during the forecast
period.
For More Information, refer to
below link:-
MEA
Digital Transformation Market
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