Global Digital Transformation Consulting Market: Overview
Surge in the need for well-informed, activated, and well-designed business strategies among major businesses around the world are setting the tone for the expansion of the global digital transformation consulting market.
The research report by Transparency Market Research (TMR) performs segmentation of the global digital transformation consulting market based on several key aspects such as enterprise size, end-use industry, service, and regions.
In terms of enterprise size, the digital transformation consulting market is sub-segmented into large enterprises and small & medium sized enterprises. Based on end-use industry, the market segmentation is done into banking financial services and insurance (BFSI), transportation and logistics, oil & gas, healthcare and pharmaceuticals, IT & telecom, manufacturing, government & defense, automotive, and others (chemicals and education).
The report delivers 360-degree analysis of important parameters shaping the growth curve of the global digital transformation consulting market. Demand drivers, challenges, restraints, trends, and R&D projects are some of the important facets discussed at length in this research report.
Global Digital Transformation Consulting Market: Key Drivers and Trends
In recent years, companies from different industrial verticals are inclined toward incorporating advanced business strategies to stay ahead in the competition. This factor is generating fabulous prospects for enterprises offering digital transformation services.
The increased adoption of digitization across the globe has resulted into changing consumer behavior and their needs. Considering this situation, many companies from varied industries are strategizing their business moves to stay ahead in the competition. Thus, they are taking help from digital strategy consulting services, which can assist in many aspects such as talent requirements, building enterprise leadership and business goals, data & technology primacies required to implement a business strategy effectively, and business structure and organizational models. Thus, increase in the adoption of such services is boosting sales prospects in the market.
Current trends of simplification of many processes including operating models are resulting into increased demand for consulting services, which in turn, is driving expansion of the global market. The incorporation of advanced mobile computing solutions in place of conventional IT infrastructure as well as IT infrastructure being replaced with digital infrastructure and cloud infrastructure are boding well with the development of the digital transformation consulting market.
Global Digital Transformation Consulting Market: Geographical Analysis
In terms of region, the global digital transformation consulting market is segmented into Europe, North America, Asia Pacific, South America, and Middle East &Africa (MEA). Among all regions, North America is one of the key regions offering major share of revenues for players in the market. Moreover, Asia Pacific market is expected to demonstrate lucrative avenues on the back of many factors such as increase in the number of digital transformations happening in the regional industries.
Global Digital Transformation Consulting Market: Competition Landscape
The global digital transformation consulting market is moderately fragmented in nature. Presence of many new as well as well-established players active in the market for digital transformation consulting makes the competition level in the market highly intense. Several players are chasing varied strategic moves including new product and services launches, partnerships, mergers and acquisitions, and collaborations. These moves are helping players in their regional expansion as well as maintaining prominent market positions.
Some of the leading players operating in the global digital transformation consulting market are Capgemini Services, Accenture plc, SAS Institute Inc., Bain & Company, Inc., Deloitte LLP, Computer Sciences Corporation, Ernst & Young, Dell EMC, Globant S.A., Hewlett Packard Enterprise, KPMG International, IBM Corporation, Kurt Salmon Associates, and McKinsey & Company.
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