London, May 24, 2023 (GLOBE NEWSWIRE) — In its latest May 2023 report, Fairfield Market Research provides a detailed growth analysis and forecast of the global digital transformation market for a defined timeline of 2023 – 2030. Slated for a robust CAGR of 18.9% between the years of market assessment, the market will experience a leapfrog from approximately US$550 Bn in 2022, to more than US$2.2 Tn by the end of 2030 . The report states that the evolving business environments, deepening penetration of advanced technologies, and readiness of a considerably high number of organizations for a shift to digitalization will account for a strong growth outlook estimated for the market in the years to come. “ The worldwide digital transformation space has been experiencing massive growth especially in the start-up ecosystem. Newer players are also augmenting investments in R&D activities. This will account for accelerated expansion of the market ,” states an analyst at Fairfield Market Research. Key Research Insights Approximately 28.5% of total adoption is contributed by the BFSI sector Large enterprises continue to lead in demand generation with more than half the market size North America remains the top market with more than 29% market value […]
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