(EMAILWIRE.COM, February 11, 2019 ) Digital Transformation market is expected to grow US$ 2,279.4 billion by 2025 from US$ 445.4 billion in 2017. The digital transformation offers solutions and services to various end-users such as BFSI, healthcare, education, retail, IT & Telecom, logistics & transportation, manufacturing, and others. Space for implementation across SMEs provides significant opportunity to the players in the value chain and increasing adoption of digital solutions by different industry verticals offers huge scope to the market to expand are providing significant opportunities for the providers of digital transformation to increase the market share in the regions. With the increasing global competition, business are ensuring their digital presence and are efficiently utilizing digital technology to sustain in the market. Organizations in the present era, regardless of their size, are exploiting digital technologies for effective functioning and cost reduction. Although, digitalization is taking place on a huge scale, several SMEs currently are still skeptical about adopting it. Factors such as fear of risks, lack of right understanding, and expenditures incurred on new technologies among others may be responsible for the limited adoption. However, there are several open opportunities for SMEs prevailing in the digital world. They can help the SMEs to efficiently compete with larger enterprises as technology is greatly scalable and flexible.

Additionally, adoption of digital platform provides an opportunity of automating tasks by adoption of technology. Tasks that are highly skillful can be automated through Machine Learning and Artificial Intelligence thus, resulting in cost savings. Further, digitalization of processes help in time-saving and reduction of errors thereby, improving the work quality. Owing to the mentioned advantages, adoption of digital solutions by SMEs is gaining pace consequently, providing potential opportunities to the players the value chain of digital transformation market.

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The Major Key Market Players:

1. IBM Corporation
2. Accenture PLC
3. SAP SE
4. Microsoft Corporation
5. Oracle Corporation
6. Capgemini SE
7. Adobe Systems Inc.
8. Google Inc.
9. Dell Inc.
10. Cognizant Technology Solutions Corporation

Also, The implementation of digital solutions is gaining pace across various industries including manufacturing, healthcare, automotive, BFSI, media & entertainment and retail among others. These industries are increasingly benefiting themselves from digital transformation. Analytics enable them to better apprehend and serve customers. Further, access to real-time information results in efficient decision-making. Automation of business operations facilitates them to escalate productivity. For instance, automotive manufacturers have revolutionized their manufacturing process with the use of robots; and airline companies have become proficient at pricing through real-time information of supply and demand. Furthermore, retail companies with robust digital capabilities have designed seamless omnichannel environments.

Also, healthcare industry has modernized through EHRs, digital tools which track patients’ vital signs, as well as virtual consultations between patients and doctors. In the meantime, automation has reduced insurance companies’ claims-processing and underwriting costs. Manufacturers in every industry can enhance product quality, operating performance, and supply chain transparency, if they restructure their processes and train employees to function in the digital world. Therefore, companies are preparing themselves to adopt digital transformation as a priority. Digital technology is not only limited to certain industries, there is a huge scope for the market to flourish in different industry verticals.

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