Digital Transformation Market Size to Reach $ 4,617.78 Billion by 2030 at CAGR 28.5% - Grand View Research, Inc.

SAN FRANCISCO, April 24, 2025 /PRNewswire/ -- The global digital transformation market size is expected 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. Cloud computing adoption is boosting market growth by enabling businesses to scale efficiently, cut IT costs, and increase agility. Cloud service providers such as AWS, Microsoft Azure, and Google Cloud offer AI-powered analytics, cybersecurity, and automation tools. Artificial intelligence (AI) is revolutionizing industries through intelligent automation, predictive analytics, and real-time decision-making. AI-powered tools are used for fraud detection, supply chain optimization, and customer service automation, improving efficiency, reducing costs, and enhancing innovation. Integrating AI and cloud computing fuels digital transformation, transforming healthcare, finance, manufacturing, and retail industries.

The rise of IoT and edge computing accelerates digital transformation by generating vast amounts of data for businesses to analyze and improve operations. This has enhanced operational efficiency, customer satisfaction, and revenue growth. Cybersecurity and data protection are crucial, with companies investing in solutions and complying with regulations like GDPR and CCPA. The expansion of 5G networks enables faster and more reliable digital connectivity, supporting high-speed internet, low-latency applications, and seamless IoT connectivity, driving market growth in industries, including autonomous vehicles, smart cities, and telemedicine. This fuels further digital transformation efforts.

North America dominated the digital transformation market with over 43% revenue share in 2024, driven by high online payments and cloud computing adoption. The region's enterprises invest heavily in digital channels, prompting a shift to customer-centric business models. The market is consolidated, with key players engaging in mergers, acquisitions, partnerships, and product launches to expand their footprint. These strategies enable companies to innovate, enhance end-user experience, and stay competitive. Players focus on digital transformation solutions to cater to the growing demand for customer-centric approaches, thereby driving industry growth and consolidation.

Read full market research report on Digital Transformation Market with TOC 'Digital Transformation Market Size, Share & Trends Analysis Report By Type (Solution, Service), By Deployment (Hosted, On-premise), By Enterprise Size (SME, Large Enterprises), By End-use, By Region, And Segment Forecasts, 2025 - 2030'

Digital Transformation Market Report Highlights:

• Based on type, solution dominated the market in 2024 with a share of 67.0%, driven by financial sector digitalization. Fintech, blockchain, and AI-powered solutions are transforming financial services, enhancing customer experience, risk management, and compliance.
• Hosted deployment segment held the largest market share of 51.6% in 2024, driven by mobile device usage and advancements in information-sharing technologies. Cloud-based solutions enable efficient adaptation to evolving markets, with increasing investments expected to fuel segment growth.
• Large organizations dominated the market with 57.0% revenue share in 2024, focusing on digital transformation for cost-effectiveness and seamless process execution. They prioritize data safety, adaptability, and framework coordination, leveraging financial resources to implement new strategies and boost profitability.
• Based on end use, BFSI led the market with 28.0% revenue share in 2024, driven by banks and financial institutions focusing on enhanced customer experiences, brand identity, and retention. Remote work trends and seamless technical support are fueling market growth in the BFSI industry.

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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 Market - Type Outlook (Revenue, USD Billion, 2018 – 2030)

• Solution
  • Analytics
  • Cloud Computing
  • Mobility
  • Social media
  • Others
• Service
  • Professional Services
  • Implementation & Integration

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

• Hosted
• On-Premise

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

• Large Enterprises
• SMEs

Digital Transformation Market - End Use Outlook (Revenue, USD Billion, 2018 – 2030)

• BFSI
• IT & Telecommunication
• Government
• Healthcare
• Retail
• Manufacturing
• Others

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

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
• MEA
  • 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

Check out more related studies published by Grand View Research:

• U.K. Digital Transformation Market - U.K. digital transformation market size is expected to reach USD 235.69 billion by 2030, growing at a CAGR of 27.7% from 2023 to 2030, according to a new study by Grand View Research, Inc.
• North America Digital Transformation In Manufacturing Market - The North America digital transformation in manufacturing market size is expected to reach USD 53.70 billion by 2030, according to a new report by Grand View Research, Inc.
• Browse Horizon Databook on Digital Transformation Market - Global Digital Transformation Market Size & Outlook

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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