Digital transformation is the efficient procedure of integrating digital technologies into the business functions which are connected to their products and services, customers, workforce optimization, infrastructure, and financial functions. These digital technologies are cloud computing, big data analytics, artificial intelligence, IoT, blockchain, and many others.
According to the report analysis, ‘MEA Digital Transformation Market: Current Analysis and Forecast (2021-2027)’ states that IBM Corporation, Cognizant, SAP SE, Dell Corporation, Microsoft Corporation, Adobe Systems Incorporated, Accenture PLC, Capgemini, Oracle Corporation, and Google Inc are the foremost key companies which recently operating in the MEA digital transformation market more proficiently for ruling around the globe, generating the highest percentage of revenue, obtaining the competitive edge, leading the highest market growth and keep maintaining the governing position by establishing the several research and development programs, increasing the features and benefits of digital transformation, decreasing the associated prices of such, delivering the better customer satisfaction, spreading the awareness connected to the applications and advantages of digital transformation, implementing the policies of profit making and strategies of expansion, establishing the several research and development programs and improving the qualitative and quantitative measures of such.
The effective growth in number of mobile devices, augmenting the IT spending to deploy digital solutions by business, and developing advanced communication and networking infrastructure are some of the foremost factors propelling market growth. However, the lack of skill set required to improve and deploy the digital technologies and stringent regulations of the ICT sector are some of the aspects limiting the market.
The effective growth in adoption of countless technologies to generate the new processes, services, products, and business models through the usage of digital tools is escalating the requirement for digital transformation, therefore influencing the market growth. Moreover, with the significant growth in penetration of smartphones and the internet, various organisations and segments are encouraging the digitisation by enabling the usage of the latest technology for augmented the efficiency and productivity. As digital transformation can integrate applications, databases, and software for business intelligence and advance the productivity, it is progressively used by organisations to transform consumer experience, which is further booming up the market growth. The rising requirement for faster and cost-effective innovations through the usage of technologies like blockchain, machine learning, and quantum computing, are also augmenting the market growth.
Digital transformation is crucial in revolutionising countless industries, involving healthcare. Digital transformation in the healthcare sector helps healthcare providers to streamline operations and advances their consumer services through countless technologies. The growing use of wearable devices, virtual reality, and big data is bridging the gap between healthcare providers and patients. Hence, the effective growth in investments and aim on digital health are projected to bolster the growth of the digital transformation industry. Moreover, the speedy adoption of cloud deployment is resulting in the integration, automation, and enhancement of businesses, hence are delivering further impetus to the market growth. Therefore, it is predicted that during the near period the market of digital transformation will augment more proficiently over the review period.
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MEA Digital Transformation Market
Ankur Gupta, Head Marketing & Communications
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