Digital Transformation Consulting Services Market: Segemented: By Type (Online Service, Offline Service), By Application (BFSI, Transportation and Logistics, Oil & Gas, Healthcare, IT & Telecom, Manufacturing, Automotive, Others), By End User (Large Enterprises, SMEs, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[ 170 + Pages Research Report ] Digital Transformation Consulting Services Market to surpass USD 17.7 billion by 2031 from USD 6.63 billion in 2021 at a CAGR of 10.3% in the coming years, i.e., 2021-2031.
Digital consulting encompasses a wide range of services, including technical and business analysis, auditing and testing, IT counseling, and the formulation of digital strategies. Digital Transformation Consulting is basically a service combining the power of design along with the oversimplification of digital processes. Integrating developing technology to improve experience design, customer experience, and marketing transformation is what digital consulting is all about. The digital transformation consulting services examine the needs of the company, its existing resources, and its potential to grow to offer the best digital processes and experience transformation guideposts for them to leverage digital technology, tools, and platforms efficiently.
The Global Digital Transformation Consulting Services Market is expected to project a notable CAGR of 10.3% by 2031
The rapid adoption of a digitized omni-channel method for increasing company processes across diverse industries is becoming more important. Business leaders usually struggle to execute huge projects due to constantly changing market and client conditions. Demand for digital transformation consultancy has also increased as a result of this. Rising awareness and stakeholder acceptance of transformation within the firm are driving the growth of the digital transformation consulting market.
The Online Service segment is expected to grow with the highest CAGR during 2021-31
Global Digital Transformation Consulting Services Market is classified on the basis of Type into Online Service, Offline Service. The internet is used to undertake the online digital transformation consulting services. Through search engine optimization (SEO), pay-per-click management campaigns, and other measures, these services assist businesses in establishing a strong online presence. To attract larger audience, social media consultants build the company's accounts on various channels such as Facebook, Twitter, and LinkedIn.
The Transportation and Logistics segment is expected to grow with the highest CAGR during 2021-31
On the basis of Application, the global Digital Transformation Consulting Services Market is fragmented into BFSI, Transportation and Logistics, Oil & Gas, Healthcare, IT & Telecom, Manufacturing, Automotive, and Others. Owing to the increasing penetration of digitalization, such as the use of digital technology, modernized data recording and registration, and other features, the transportation and logistics segment is expected to hold a significant share in the global digital transformation consulting services market over the forecast period. Furthermore, the growing presence of enormous amounts of data in the logistics sector is expected to drive market expansion.
The Growing Need for Digital Transformation and Rising Adoption of Improved Technologies
The growing requirement for digital transformation is one important driver driving this industry. Consumers around the world are increasingly preferring to communicate with businesses through online channels rather than offline ones. As a result, businesses have begun to deploy customer relationship management (CRM) software or e-commerce platforms to improve user experiences on their websites. Furthermore, sustaining corporate operations amid natural catastrophes such as fires and floods allows firms to use new technology such as cloud computing solutions, which enable them to provide uninterrupted services around the globe, hence increasing overall income generation.
The Rising Trend of Simplification of Processes
Current trends of process simplification, including operational models, are leading to increased demand for consulting services, which is driving global market expansion. The use of advanced mobile computing solutions in place of traditional IT infrastructure, as well as the replacement of traditional IT infrastructure with digital and cloud infrastructure, bode well for the growth of the digital transformation consulting market.
Less Awareness about the Services
Despite multiple growth factors, one factor that is negatively affecting the market growth is the lack of awareness about the services. This key factor is hampering the Digital Transformation services Market.
Global Digital Transformation Consulting Services Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is predicted to dominate the worldwide Digital Transformation Consulting Services Market with the biggest market share. This region's supremacy can be due to a variety of causes, including technical advancements, greater security concerns among businesses, and an increase in the number of digital transformation initiatives across several industry verticals, among others.
The COVID-19 pandemic put the entire world to the test in terms of maintaining business continuity in the face of social isolation, lockdown, work from home, and other problems. While just a few firms were prepared to handle the challenges, others were not owing to a lack of a digital strategy or other critical tools or infrastructure. Despite all of the negative effects COVID-19 has had on personal, professional, and community life, it has also provided new opportunities for enterprises. When innovation is used correctly, it improves competency and utility; the COVID-19 scenario provides the ideal opportunity for businesses to manage their digital channels.
Digital Transformation Consulting Services Market is further segmented by region into:
Digital Transformation Consulting Services Market Segments:
|Market size value in 2021
|USD 6.63 Billion
|Revenue forecast in 2031
|USD 17.7 Billion
|CAGR of 10.3% from 2021 to 2031
|Base year for estimation
|Revenue in USD million and CAGR from 2021 to 2031
|Revenue forecast, company ranking, competitive landscape, growth factors, and trends
|Type , Application, End User and Region
|North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
|Key companies profiled
|IBM, Coastal Cloud, LeadMD, Advanced Technology Group, Aspect Software, Cognizant, Code Zero Consulting, Capgemini, Accelerate RPA, Computools, DXC Technology Company, Infinity Software Consulting, Presidio, Sirius Computer Solutions, GetSmarter, Adobe, and Other Prominent Players.
Digital Transformation Consulting Services Market size was estimated at USD 6.63 billion in 2021 and is expected to reach USD 17.7 billion in 2031.
Organizations can use digital transformation to cope with a variety of risks connected with disruption, such as corporate rebuilding, market fluctuation, and geopolitical events that are unpredictable and can lead to erratic outcomes.
The Online Service segment accounted for the largest Digital Transformation Consulting Services Market share.
Key players in the Digital Transformation Consulting Services Market include IBM, Coastal Cloud, LeadMD, Advanced Technology Group, Aspect Software, Cognizant, Code Zero Consulting, Capgemini, Accelerate RPA, Computools, DXC Technology Company, Infinity Software Consulting, Presidio, Sirius Computer Solutions, GetSmarter, Adobe, and Other Prominent Players.
Industry development is predicted to be fueled by the global implementation of Industry 4.0 and the increasing penetration of internet services.
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