UK digital transformation Market

Fatpos Global has released a report titled “U.K. digital transformation - Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030” which is anticipated to reach USD 1617.66 billion by 2031. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 15.41% between 2021 and 2031. According to the report, Several factors such as increasing spending on marketing and advertising actions by enterprises, changing landscape of customer intelligence to fuel the market, and proliferation of customer channels are anticipated to boost the adoption of digital transformation technologies and services.

The market report on U.K. digital transformation market includes in-depth insights as:

• The estimated value of the market was USD 385.88 billion in the year 2021.
• Based on Component, Solutions segment emerged as a key segment in the U.K. digital transformation Market
• Key players are likely to focus on product innovations and expansion through merger to retain their positions in developed markets.

“While digital pilots may produce positive results, industrials must deploy programs across the board to have a significant impact. Scaling up will require the creation of new enterprise-wide business procedures. Because conventional channels, such as in-person encounters, will continue to be crucial, businesses will require to handle possible conflicts as their online presence expands. The most difficult factor of any digitalization project is usually the adoption and scaling phase. Industrial firms must constantly reassess their priorities for domains, value levers, solutions, and use cases to prosper. AI-driven automation has proven useful in several uses across industries, including the aviation, medical, agriculture, energy, and material handling markets. AI is being used not only to automate actions but also to identify equipment malfunctions or detect product variances”, said a lead analyst at Fatpos Global.

Digital transformation is the combination of digital technology into all areas of a business, fundamentally changing how you function and offer value to customers. It's also a cultural change that involves organizations to continually challenge the status quo, experiment, and get comfortable with failure.

U.K. digital transformation Market is divided by Component into Solutions and Services. The solution segment dominated the component segment and collected XX.X% of the Digital Transformation Market in 2019. Furthermore, the market is expected to grow at a XX.X% CAGR by the year 2031.

Key Players in the Market

Some of the key players operating in the U.K. digital transformation market are Microsoft(US), IBM(US), SAP(Germany), Oracle(US), Google(US), Cognizant(US), HPE(US), Adobe(US), Accenture(Ireland), HCL Technologies(India), Broadcom(US), Equinix(US), Dell(US), Tibco(US) and Marlabs(US) and Other Prominent Players.

Get Valuable Insights into U.K. digital transformation Market

In the new report, Fatpos Global thrives to present an unbiased analysis of the U.K. digital transformation market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by Component into Solutions and Services; By End-user into Banking Financial Services & Insurance (BFSI), Government, Healthcare, Telecommunication & IT, Automotive, Education, Retail & Consumer Goods, Media & Entertainment, Manufacturing and Others.