Europe Digital transformation market is expected to grow from US$ 92.7 Bn in 2017 to US$ 520.4 Bn by the year 2025. This represents a CAGR of 26.0% from the year 2018 to 2025.
Over the past two decades, an array of rapid advancements in technology has facilitated transformation of customer expectations while providing organizations with the digital tools to offer innovative services. The speed of this digitization is set to increase, owing to substantial advantages that digitalization delivers to customers. Progressive technology has allowed customers to share their experiences, ideas and opinions with the masses at one click. The present customer values the review of strangers over advertisement and has high beliefs for customer experience. Furthermore, nowadays, customers expect fast responses from brands, self-serve options, easy access to solutions and tools, and customized messaging among other such services.
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Top Key Player:
• IBM Corporation,• Accenture,• SAP SE,• Microsoft Corporation,• Oracle Corporation,• Capgemini,• Adobe Systems,• Google, Inc.,• Dell, Inc.,• Cognizant Technology Solutions Corporation
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U.K is dominating the Europe Digital Transformation market, which in turn boost the demand for Digital Transformation market in Europe. The UK is the largest outsourcing market after America. The new enclosure movement by corporate business and private sector is growing in the UK. This movement is transforming the entire scenario of the British state. The new enclosure movement has weakened the public sector and eliminates it from democratic accountability and control. Due to which, now the mass population is shifting towards the private sector for providing customer care services, which plays a significant role in generating revenues for the outsourcing business.
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EUROPE DIGITAL TRANSFORMATION MARKET-SEGMENTATION
Europe Digital Transformation Market By Component
Europe Digital Transformation Market By Type
Europe Digital Transformation Market By End-User
• IT & Telecom
• Logistics & Transportation
Europe Digital Transformation Market By Country
• Rest of Europe
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