"We Envision Growth Strategies Most Suited
to Your Business"
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.
Alphabet LLC, the parent company of Google, offers a wide range of digital products, including Google Play, Calendar, Gmail, and Google Maps. Alphabet’s digital transformation strategies invest in data management, AI, big data, robotic process automation, and cloud computing to enhance operational efficiency and customer experiences.
April 2023: Silver Lake and Software AG partnered to support long-term growth by focusing its business on the data integration and cloud application market. The partnership has transitioned to Software-as-a-Service by exploring M&A opportunities.
Amazon.com, Inc. combines digital transformation technologies in all business areas, providing value to its customers. The company offers AWS Professional Services on the AWS Cloud Adoption Framework by supporting companies to develop and execute effective plans for cloud technology adoption.
July 2023: Trading and investment company Sumitomo Corporation chose AWS to boost its digital transformation. The company has shifted the SAP platform to AWS to make data-driven business decisions, automate processes, and respond to customer needs.
Microsoft Corporation offers digital transformation techniques by enhancing the ability to empower employees, optimize operations, engage partners and customers, and transform digital products.
January 2023: HDFC Bank partnered with Microsoft Corporation to consolidate and update its enterprise data landscape through a Federated Data Lake to rule its information capabilities across enterprise reporting and advanced analytics with AI technology.
One of the top digital transformation companies, IBM Corporation offers solutions by taking a digital and consumer-driven approach to its business areas. IBM offers hybrid cloud, automatic AI, and other digital technologies to augment intelligent workflows, leverage records, and faster response to market disruptions.
September 2022: IBM Corporation acquired Dialexa to help companies create transformative products to aid business outcomes. The acquisition provides end-to-end digital product engineering, including design, build, launch, and optimization services across cloud platforms, such as AWS and Microsoft Azure.
Apple Inc. offers digital transformation technologies to solve pain points, enhance processes, and provide better customer experiences.
April 2021: Apple Inc. increased its U.S. investments to make new contributions of over USD 430 billion and added 20,000 new jobs across the U.S. in the next five years.
Salesforce Inc. provides a technique to develop new business processes, customer experiences, and culture. The company’s services and products offer consulting and implementation services. These services help companies to assess their needs, implement new technologies and processes, and develop transformation strategies.
June 2023: Salesforce Inc. launched modern generative artificial intelligence product offerings, including commerce GPT and marketing, to personalize every campaign and shopping experience with generative AI. These offerings benefit companies to interact with customers and enhance employee productivity.
SAP SE is a digital innovation framework supporting business organizations and customers in application development, analytics, intelligent technology, integration, and data management. SAP SE offers companies extensive services to use blockchain, analytics, IoT, big data, and others.
June 2023: Software company, SAP SE and DEWA, partnered to enhance the utility industry’s digital transformation. The companies also discovered several opportunities for adopting SAP’s advanced software solutions with DEWA’s advanced initiatives, which aim to raise the efficacy and sustainability of water and electricity services in Dubai.
Cisco Systems, Inc. delivers a strong foundation for digital transformation by combining processes, software, and systems into an automated, simple, intelligent, and highly secure digital-ready infrastructure. Cisco Systems, Inc. creates new consumer experiences that increase employee productivity and create a human-centered working environment.
June 2023: Cisco Systems, Inc. introduced a Secure Service (SSE) solution to provide a superior hybrid work experience and streamline access across any device, application, and location. These artificial intelligence and machine learning innovations empower security teams by increasing efficiency and simplifying operations.
Alibaba Group Holding Limited utilizes artificial intelligence, big data, IoT, quantum computing, and cloud technology to transform the company’s operations digitally. Alibaba leverages big data technology to capture and analyze large volumes of data to achieve critical insights that help reduce costs, boost innovation, customer satisfaction, and attract new opportunities.
August 2023: Alibaba Group Holding Limited enters the Saudi Arabian market via a Saudi Cloud Computing Co joint venture. The new joint venture delivers services to public and private companies and helps the country achieve its 2030 goals.
Feuji Inc. offers solutions to SMAC and many emerging platforms, including IoT, AI, ML, RPA, and blockchain. The company offers solutions, such as strategic staffing, cyber security, cloud solutions, data, and insights, enabling its clients to improve their businesses.
October 2022: Feuji Inc. and Corestack, a multi-cloud service provider, for an innovative approach to digital transformation. The partnership will allow users to extend administration and orchestration across multiple clouds for customers to improve efficiency.
This industry is expected to improve in the upcoming years due to the rising adoption of industrial robots, playing an essential role in these systems. Companies are implementing different types of robots to execute repetitive actions, boosting the industry.
+1 833 909 2966 ( Toll Free ) (US)
sales@fortunebusinessinsights.com