Digital Transformation Market report is expected to grow at a CAGR of 22.15% during the forecast period of (2018 – 2023)

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Digital Transformation

Digital Transformation Market research report (2018 – 2023) studies market insights, List of major Key players, buyers, threats of new entrants and substitute products. Also, Digital Transformation market includes the various market dynamics like Drivers, Restraints, and Opportunities globally. The research report involved the various affecting factors like market growth, market share, competitive intelligence and growth opportunity.

Digital Transformation Market report is expected to register a CAGR of 22.15% over a five years forecast period.”

List of Major Key players operating in the Global Digital Transformation Market are –

  • Ebay Corporation
  • SAP SE
  • Flipkart Inc.
  • IBM Corporation
  • Snapdeal Pvt. Ltd
  • Honeywell International Inc.
  • Tesco Pvt. Ltd
  • Mercado Libre
  • and Oracle Corporation

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The global digital transformation market in retail was is expected to register a CAGR of 22.15% during the forecast period of 2018-2023.

The advent of digital technologies for the collection, storage, analysis, and distribution of information has created new dynamics in digital transformation of the retail market. These digital technologies have also created numerous new opportunities for vendors serving the market, as any organization requires an efficient and easy work process, owing to the increase in the worldwide liberal trade policies and end users.

In the current competitive business environment, companies are trying to improve the utilization of work-flow and funds effectively. Hence, companies need to retrieve more information by means of digitization of commodity information. Owing to the tremendous daily functionalities and work schedules of companies, they need more funds and investment to enhance the technologies and infrastructure necessary for gathering vital information in less time. This requirement has created a significant demand for various business segments that mainly process large amounts of collected data from mobile application, and represent it in a way in which companies can apply these mobile technologies to their daily competitive retail business.

Increasing Usage of Smart Devices to Drive the Market’s Growth

Companies, such as Amazon, EBay, and others, have been continuously updating in tandem with the way consumers think about their services and how they go about their daily routines of shopping, with the help of smart gadgets. Smart devices even help the retail businesses to retain customers, by providing personalized and targeted services. They offer scalable, high performance, and cost-efficient services for businesses looking to expand their future operations, by providing 24/7 insights. These dynamics are expected to boost digital transformation of the retail market over the forecast period. The retail model is anticipated to look radically different, from what it was a decade ago. With the introduction of next generation technologies (such as the Internet of Things) and advanced connectivity spectrums (like 5G), the digital transformation of retail market is expected to witness surging demand over the next few years. The total number of IoT connected devices is expected to touch 30 billion by 2020.

Beauty and Personal Care Gaining Considerable Traction in the Digital Transformation Market

Owing to the increasing penetration of technology among various age groups across the globe, the retail domain has become an integral part of cosmetic products. Free returns and wide delivery options are focused on by retailers, thus adding value to the segment. Retail outlets continue to expand their product line (ranging from hair care, body care, face care, alcoholic perfumery, and hygiene products), with specifications and effective price comparison provided to consumers. The retail giants with more experience in the industry have been concentrating on the beauty and personal care products through e-commerce, which has given them access to larger customer bases. With larger customer bases, evolving technologies, and distribution channels, digital transformation of the retail sector is offering significant growth opportunities to the beauty & personal care market.

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Global Digital Transformation Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2018-2023):

  • North America (United States, Canada and Mexico)
  • Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
  • Asia Pacific (China, Japan, India, Southeast Asia and Australia)
  • Latin America (Brazil, Argentina and Colombia)
  • The Middle East and Africa

Key Questions Answered About Digital Transformation Market:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the Digital Transformation market for selective countries?
  • Which region or sub-segment is selected is expected to drive the market in the forecast period?
  • What factors are estimated to drive and restrain the market growth?
  • What are the key technological and Digital Transformation market trends shaping the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?

Reasons to Purchase Digital Transformation Market Report:

  • The report analyses how stringent emission control norms will drive the global Digital Transformation market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Digital Transformation market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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Points Covered in the TOC: –

  1. Introduction of Digital Transformation Market
    1 Study Deliverables
    1.2 Key Findings of The Study
    1.3 Research Methodology
  2. Executive Summary
  3. Market Overview of Digital Transformation Market
    1 Overview
    3.2 Porters Five Force Analysis
    3.2.1 Threat of New Entrants
    3.2.2 Bargaining Power of Consumers
    3.2.3 Bargaining Power of Suppliers
    3.2.4 Threat of Substitute Products and Services
    3.2.5 Intensity of Competitive Rivalry
  4. Market Dynamics
    1 Drivers
    4.2 Restraints
  5. Global Digital Transformation Market Segmentation
    1 By Industry
    5.1.1 Medical
    5.1.2 Sports
    5.1.3 Aerospace
    5.1.4 Gaming and Entertainment
    5.1.5 Others
    5.2 By Region
    5.2.1 North America
    5.2.2 Europe
    5.2.3 Asia Pacific
    5.2.4 Latin America
    5.2.5 Middle East and Africa
  6. Vendor Market Share Analysis
  7. Competitive Intelligence – Company Profiles
  8. Investment Analysis
    1 Recent Mergers & Acquisitions
    8.2 Investment Scenario & Opportunities
  9. Future of Global Digital Transformation Market

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