Digital Transformation Market To Reach $4,617.78 Billion By 2030

Digital Transformation Market Growth & Trends

The global digital transformation market size is estimated to reach USD 4,617.78 billion by 2030, registering a CAGR of 28.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. Digital transformation assists companies in improving their brand reputation, customer experience, and customer retention ratios. These solutions also help end-user companies in education and training their employees to improve their productivity and speed up the organization’s journey to achieve business objectives. Furthermore, with the implementation of digital transformation solutions, organizations can meet the evolving market needs and improve their business profitability. Further, the market growth is particularly driven by rising companies’ investments in big data, mobility, and cloud technologies to develop advanced Digital Experience Platforms (DXPs).

The growing use of mobile devices and their applications has transformed the various aspects of modern life. Across the globe, organizations and enterprises are shifting from traditional brick-and-mortar operations to digital operations, driving the market growth. Furthermore, the emergence of novel technologies such as the Internet of Things (IoT), Robotic Process Automation (RPA), Machine Learning (ML), and Artificial Intelligence (AI), has increased the importance of mobile applications. The way businesses operate has changed dramatically in recent years, which is why having an attractive and innovative mobile application improves the way target clients interact and engage with services that the company offers. Further, consumers now have access to different types of apps and are provided under digital transformation solutions due to increasing smartphone adoption, creating positive outlook for the market.

The COVID-19 pandemic has forced various businesses to opt for cloud technology for remote working. This has resulted in growing demand for cloud services creating a favorable environment for market growth. This has resulted in the increased adoption of cloud services to ensure business continuity. Businesses are renewing their contracts with cloud service providers while anticipating an increase in cloud migrations and, in some cases, an acceleration in cloud transformation from their customers. The widespread adoption of a number of digital-first payment methods highlights the paradigmatic shift led by the pandemic. The Buy Now, Pay Later (BNPL) trend has witnessed increased popularity in 2020 & 2021. During the pandemic, Fintech innovation has not only helped meet the changing needs of consumers but also ensured that financial services were made easily available to those who needed them the most, creating robust opportunities for market growth.

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Digital Transformation Market Report Highlights

• Based on type, the service segment is expected to register a significant CAGR during the forecast period. The rising adoption of cloud-based services is driving the segment growth.

• Based on deployment, the hosted segment led the market with the largest revenue share of 51.6% in 2024. The proliferation of cloud-based digital transformation solutions, cloud technology’s various benefits such as minimum hardware requirement, low operating costs, & easy accessibility, and rising public & private investment in cloud platforms are driving the segment growth

• Based on enterprise, the small & medium-sized enterprises (SMEs) segment is expected to grow at a fastest CAGR over the forecast period. The increasing importance of digital technologies and the availability of low-cost digital transformation solutions are driving the market growth among SMEs

• Based on end-use, the healthcare segment is expected to grow with a significant CAGR during the forecast period. Digital transformation is anticipated to improve the quality of patient care. The COVID-19 pandemic propelled the adoption of advanced medical technologies such as remote patient monitoring, telemedicine, virtual reality, and neurotechnology, supporting the segment's growth

• The Asia Pacific market is expected to grow at a remarkable CAGR of 31.2% during the forecast period, owing to the expansion of the e-commerce industry, government investments in digital infrastructure, and the growing use of process automation tools powered by the latest technologies, such as AI, ML, Blockchain, and cloud computing.

Digital Transformation Market Segmentation

Grand View Research has segmented the global digital transformation market based on type, deployment, enterprise size, end-use, and region:

Digital Transformation Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Solution

  • Analytics

  • Cloud Computing

  • Mobility

  • Social media

  • Others

• Service

  • Professional Services

  • Implementation & Integration

Digital Transformation Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• Hosted

• On-Premise

Digital Transformation Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises

• SMEs

Digital Transformation End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• IT & Telecommunication

• Government

• Healthcare

• Retail

• Manufacturing

• Others

Digital Transformation Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa

  • UAE

  • Saudi Arabia

  • South Africa

List of Key Players in the Digital Transformation Market

• Accenture plc

• Adobe Systems Inc.

• Broadcom, Inc.

• Cisco Systems, Inc.

• Dell EMC

• Dempton Consulting Group

• Google Inc.

• Happiest Minds

• Hewlett Packard Enterprise Co.

• IBM

• Kellton Tech Solutions Ltd.

• Microsoft Corporation

• Salesforce, Inc.

• SAP SE

• TIBCO Software