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How Integration of Advanced Technologies by the Top Digital Transformation Companies Are Enhancing Flexibility and Functionality of the Business Processes

November 29, 2023 | Information & Technology

Digital transformation integrates advanced digital technologies, including AI and cloud computing, into business processes, providing customer value. Digital transformation companies, including Oracle Corporation, Salesforce, Inc., Alphabet LLC, and others, offer many solutions and services in the industry, such as advanced technologies and software, including cloud computing, the Internet of Things, AI, machine learning, and others. The rapid adoption of these advanced technologies propels this industry worldwide.

According to Fortune Business Insights™, the global market for Digital Transformation could be worth USD 8.92 trillion by 2030, recording a CAGR of 21.6% over 2023-2030. The market was valued USD 1.91 trillion in 2022 and is estimated to reach USD 2.27 trillion in the 2023. 

The increasing adoption of cloud infrastructure, 5G, and IoT technologies drives this industry globally. Several companies are combining cloud services with 5G technology to deliver faster speed, large capacity, and low latency to their customers. Integrating these 5G, IoT, and cloud technologies will enhance the flexibility and functionality of the industry.