The North America Digital Transformation Market would witness market growth of 19.1% CAGR during the forecast period (2021-2027).
In the modern era and the emerging digital society, digital transformation and digital co-creation are becoming a dynamic business normal. The subsequent transformations are entering into a new domain of how enterprises monitor their operations to boost their business strategies, offer a better outcome and engage with customers in the digital world. Some of the determinants such as constantly increasing internet users & smart devices, government initiatives towards digitization, and a growing number of technological developments are expected to boost the growth of the digital transformation market. Moreover, some of the catalysts for the growth of the global digital transformation market are the unexplored opportunities to boost sales efficiency, companies' demand simplified business process, and to leverage the market dynamics. On the other hand, the growth of the digital transformation market is hindered by the huge cost of transformation and the absence of infrastructure.
Digital technologies are considered as accelerators of innovations. They can enhance efficiency, encourage the development of new products and services, and allow new business models to enter into the business landscape. The North American region has been at the forefront in adopting new and advanced technologies and hence becoming a hub for digital transformation. The essential need of companies operating in the region to transform their conventional business practices into digital and the fast adoption of mobile devices, cloud technology, and IoT solutions, has resulted in the higher adoption of digital transformation in this region.
Moreover, companies in the region are observing a huge demand for industrial robots in the past few years, due to the growing adoption of smart factory systems where these robots assume indispensable roles. The number of industrial robots working in smart factories has increased manifold, boosted by the huge development of smart production and automation. Thus, the region is witnessing massive demand for digital transformation.
The US market dominated the North America Digital Transformation Solution Market by Country 2020, and would continue to be a dominant market till 2027. The Canada market is experiencing a CAGR of 20.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 19.6% during (2021 - 2027).
The On-premise market dominated the Canada Digital Transformation Market by Deployment Type 2020, thereby, achieving a market value of $28,517.7 million by 2027. The Hosted market is showcasing a CAGR of 25.7% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Solution segment is further bifurcated into Analytics, Cloud Computing, Mobility & Social Media and Others. Based on Deployment Type, the market is segmented into On-premise and Hosted. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Government & Defense, IT & Telecom, Healthcare, Manufacturing, Consumer Goods & Retail and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Digital Transformation Market is Estimated to Reach USD 1,302.9 Billion by 2027 at a CAGR of 20.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Accenture PLC, Hewlett Packard Enterprise Company, HCL Technologies Ltd. (HCL Enterprises), Equinix, Inc., Adobe, Inc., Cognizant Technology Solutions Corporation, Microsoft Corporation, SAP SE, and Oracle Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Analytics
- Cloud Computing
- Mobility & Social Media
- Others
- Services
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- BFSI
- Government & Defense
- IT & Telecom
- Healthcare
- Manufacturing
- Consumer Goods & Retail
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Accenture PLC
- Hewlett Packard Enterprise Company
- HCL Technologies Ltd. (HCL Enterprises)
- Equinix, Inc.
- Adobe, Inc.
- Cognizant Technology Solutions Corporation
- Microsoft Corporation
- SAP SE
- Oracle Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Digital Transformation Market, by Component
1.4.2 North America Digital Transformation Market, by Deployment Type
1.4.3 North America Digital Transformation Market, by Enterprise Size
1.4.4 North America Digital Transformation Market, by End User
1.4.5 North America Digital Transformation Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Sep – 2021, May) Leading Players
Chapter 4. North America Digital Transformation Market by Component
4.1 North America Digital Transformation Solution Market by Country
4.2 North America Digital Transformation Market by Solution Type
4.2.1 North America Digital Transformation Analytics Market by Country
4.2.2 North America Digital Transformation Cloud Computing Market by Country
4.2.3 North America Digital Transformation Mobility & Social Media Market by Country
4.2.4 North America Other Solution Type Digital Transformation Market by Country
4.3 North America Digital Transformation Services Market by Country
Chapter 5. North America Digital Transformation Market by Deployment Type
5.1 North America On-premise Digital Transformation Market by Country
5.2 North America Hosted Digital Transformation Market by Country
Chapter 6. North America Digital Transformation Market by Enterprise Size
6.1 North America Large Enterprises Digital Transformation Market by Country
6.2 North America Small & Medium Enterprises Digital Transformation Market by Country
Chapter 7. North America Digital Transformation Market by End User
7.1 North America BFSI Digital Transformation Market by Country
7.2 North America Government & Defense Digital Transformation Market by Country
7.3 North America IT & Telecom Digital Transformation Market by Country
7.4 North America Healthcare Digital Transformation Market by Country
7.5 North America Manufacturing Digital Transformation Market by Country
7.6 North America Consumer Goods & Retail Digital Transformation Market by Country
7.7 North America Others Digital Transformation Market by Country
Chapter 8. North America Digital Transformation Market by Country
8.1 US Digital Transformation Market
8.1.1 US Digital Transformation Market by Component
8.1.1.1 US Digital Transformation Market by Solution Type
8.1.2 US Digital Transformation Market by Deployment Type
8.1.3 US Digital Transformation Market by Enterprise Size
8.1.4 US Digital Transformation Market by End User
8.2 Canada Digital Transformation Market
8.2.1 Canada Digital Transformation Market by Component
8.2.1.1 Canada Digital Transformation Market by Solution Type
8.2.2 Canada Digital Transformation Market by Deployment Type
8.2.3 Canada Digital Transformation Market by Enterprise Size
8.2.4 Canada Digital Transformation Market by End User
8.3 Mexico Digital Transformation Market
8.3.1 Mexico Digital Transformation Market by Component
8.3.1.1 Mexico Digital Transformation Market by Solution Type
8.3.2 Mexico Digital Transformation Market by Deployment Type
8.3.3 Mexico Digital Transformation Market by Enterprise Size
8.3.4 Mexico Digital Transformation Market by End User
8.4 Rest of North America Digital Transformation Market
8.4.1 Rest of North America Digital Transformation Market by Component
8.4.1.1 Rest of North America Digital Transformation Market by Solution Type
8.4.2 Rest of North America Digital Transformation Market by Deployment Type
8.4.3 Rest of North America Digital Transformation Market by Enterprise Size
8.4.4 Rest of North America Digital Transformation Market by End User
Chapter 9. Company Profiles
9.1 IBM Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.1.6 SWOT Analysis
9.2 Accenture PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 Hewlett Packard Enterprise Company
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Product Launches and Product Expansions:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 HCL Technologies Ltd. (HCL Enterprises)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Equinix, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.5.4.2 Product Launches and Product Expansions:
9.5.4.3 Acquisition and Mergers:
9.6 Adobe, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 Cognizant Technology Solutions Corporation
9.7.1 Company overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.4.2 Acquisition and Mergers:
9.7.5 SWOT Analysis
9.8 Microsoft Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 SAP SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Product Launches and Product Expansions:
9.9.5.3 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Oracle Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.6 SWOT Analysis
TABLE 1 North America Digital Transformation Market, 2017 - 2020, USD Million
TABLE 2 North America Digital Transformation Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Transformation Market
TABLE 4 Product Launches and Product Expansions– Digital Transformation Market
TABLE 5 Acquisition and Mergers– Digital Transformation Market
TABLE 6 North America Digital Transformation Market by Component, 2017 - 2020, USD Million
TABLE 7 North America Digital Transformation Market by Component, 2021 - 2027, USD Million
TABLE 8 North America Digital Transformation Solution Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Digital Transformation Solution Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Digital Transformation Market by Solution Type, 2017 - 2020, USD Million
TABLE 11 North America Digital Transformation Market by Solution Type, 2021 - 2027, USD Million
TABLE 12 North America Digital Transformation Analytics Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Digital Transformation Analytics Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Digital Transformation Cloud Computing Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Digital Transformation Cloud Computing Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Digital Transformation Mobility & Social Media Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Digital Transformation Mobility & Social Media Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Other Solution Type Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Other Solution Type Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Digital Transformation Services Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Digital Transformation Services Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Digital Transformation Market by Deployment Type, 2017 - 2020, USD Million
TABLE 23 North America Digital Transformation Market by Deployment Type, 2021 - 2027, USD Million
TABLE 24 North America On-premise Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 25 North America On-premise Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Hosted Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Hosted Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Digital Transformation Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 29 North America Digital Transformation Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 30 North America Large Enterprises Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Large Enterprises Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Small & Medium Enterprises Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Small & Medium Enterprises Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Digital Transformation Market by End User, 2017 - 2020, USD Million
TABLE 35 North America Digital Transformation Market by End User, 2021 - 2027, USD Million
TABLE 36 North America BFSI Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 37 North America BFSI Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Government & Defense Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Government & Defense Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 40 North America IT & Telecom Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 41 North America IT & Telecom Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 42 North America Healthcare Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 43 North America Healthcare Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 44 North America Manufacturing Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 45 North America Manufacturing Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 46 North America Consumer Goods & Retail Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 47 North America Consumer Goods & Retail Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 48 North America Others Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 49 North America Others Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 50 North America Digital Transformation Market by Country, 2017 - 2020, USD Million
TABLE 51 North America Digital Transformation Market by Country, 2021 - 2027, USD Million
TABLE 52 US Digital Transformation Market, 2017 - 2020, USD Million
TABLE 53 US Digital Transformation Market, 2021 - 2027, USD Million
TABLE 54 US Digital Transformation Market by Component, 2017 - 2020, USD Million
TABLE 55 US Digital Transformation Market by Component, 2021 - 2027, USD Million
TABLE 56 US Digital Transformation Market by Solution Type, 2017 - 2020, USD Million
TABLE 57 US Digital Transformation Market by Solution Type, 2021 - 2027, USD Million
TABLE 58 US Digital Transformation Market by Deployment Type, 2017 - 2020, USD Million
TABLE 59 US Digital Transformation Market by Deployment Type, 2021 - 2027, USD Million
TABLE 60 US Digital Transformation Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 61 US Digital Transformation Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 62 US Digital Transformation Market by End User, 2017 - 2020, USD Million
TABLE 63 US Digital Transformation Market by End User, 2021 - 2027, USD Million
TABLE 64 Canada Digital Transformation Market, 2017 - 2020, USD Million
TABLE 65 Canada Digital Transformation Market, 2021 - 2027, USD Million
TABLE 66 Canada Digital Transformation Market by Component, 2017 - 2020, USD Million
TABLE 67 Canada Digital Transformation Market by Component, 2021 - 2027, USD Million
TABLE 68 Canada Digital Transformation Market by Solution Type, 2017 - 2020, USD Million
TABLE 69 Canada Digital Transformation Market by Solution Type, 2021 - 2027, USD Million
TABLE 70 Canada Digital Transformation Market by Deployment Type, 2017 - 2020, USD Million
TABLE 71 Canada Digital Transformation Market by Deployment Type, 2021 - 2027, USD Million
TABLE 72 Canada Digital Transformation Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 73 Canada Digital Transformation Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 74 Canada Digital Transformation Market by End User, 2017 - 2020, USD Million
TABLE 75 Canada Digital Transformation Market by End User, 2021 - 2027, USD Million
TABLE 76 Mexico Digital Transformation Market, 2017 - 2020, USD Million
TABLE 77 Mexico Digital Transformation Market, 2021 - 2027, USD Million
TABLE 78 Mexico Digital Transformation Market by Component, 2017 - 2020, USD Million
TABLE 79 Mexico Digital Transformation Market by Component, 2021 - 2027, USD Million
TABLE 80 Mexico Digital Transformation Market by Solution Type, 2017 - 2020, USD Million
TABLE 81 Mexico Digital Transformation Market by Solution Type, 2021 - 2027, USD Million
TABLE 82 Mexico Digital Transformation Market by Deployment Type, 2017 - 2020, USD Million
TABLE 83 Mexico Digital Transformation Market by Deployment Type, 2021 - 2027, USD Million
TABLE 84 Mexico Digital Transformation Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 85 Mexico Digital Transformation Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 86 Mexico Digital Transformation Market by End User, 2017 - 2020, USD Million
TABLE 87 Mexico Digital Transformation Market by End User, 2021 - 2027, USD Million
TABLE 88 Rest of North America Digital Transformation Market, 2017 - 2020, USD Million
TABLE 89 Rest of North America Digital Transformation Market, 2021 - 2027, USD Million
TABLE 90 Rest of North America Digital Transformation Market by Component, 2017 - 2020, USD Million
TABLE 91 Rest of North America Digital Transformation Market by Component, 2021 - 2027, USD Million
TABLE 92 Rest of North America Digital Transformation Market by Solution Type, 2017 - 2020, USD Million
TABLE 93 Rest of North America Digital Transformation Market by Solution Type, 2021 - 2027, USD Million
TABLE 94 Rest of North America Digital Transformation Market by Deployment Type, 2017 - 2020, USD Million
TABLE 95 Rest of North America Digital Transformation Market by Deployment Type, 2021 - 2027, USD Million
TABLE 96 Rest of North America Digital Transformation Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 97 Rest of North America Digital Transformation Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 98 Rest of North America Digital Transformation Market by End User, 2017 - 2020, USD Million
TABLE 99 Rest of North America Digital Transformation Market by End User, 2021 - 2027, USD Million
TABLE 100 Key information – IBM Corporation
TABLE 101 Key information – Accenture PLC
TABLE 102 key information – Hewlett Packard Enterprise Company
TABLE 103 Key Information – HCL Technologies Ltd.
TABLE 104 key information – Equinix, Inc.
TABLE 105 Key Information – Adobe, Inc.
TABLE 106 Key Information – Cognizant Technology Solutions Corporation
TABLE 107 key information – Microsoft Corporation
TABLE 108 Key Information – SAP SE
TABLE 109 Key Information – Oracle Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Sep – 2021, May) Leading Players
FIG 5 Recent strategies and developments: IBM Corporation
FIG 6 Swot analysis: IBM Corporation
FIG 7 Recent strategies and developments: Accenture PLC
FIG 8 Swot analysis: Accenture plc
FIG 9 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 10 SWOT analysis: Hewlett-Packard enterprise Company
FIG 11 Recent strategies and developments: HCL Technologies Ltd.
FIG 12 SWOT Analysis: HCL Technologies Ltd.
FIG 13 Recent strategies and developments: Equinix, Inc.
FIG 14 Recent strategies and developments: Adobe, Inc.
FIG 15 SWOT Analysis: Adobe, inc.
FIG 16 Recent strategies and developments: Cognizant Technology Solutions Corporation
FIG 17 Swot analysis: cognizant technology solutions corporation
FIG 18 Recent strategies and developments: Microsoft Corporation
FIG 19 SWOT Analysis: Microsoft Corporation
FIG 20 Recent strategies and developments: SAP SE
FIG 21 SWOT Analysis: SAP SE
FIG 22 SWOT analysis: Oracle Corporation