The global digital transformation consulting services market is estimated to grow at a CAGR of ~10% over the forecast period, i.e., 2022 – 2031. The market is divided on the basis of type into online service and offline service, out of which, the online service segment is estimated to witness significant growth over the forecast period, owing to the increasing penetration of online services amongst various sectors, along with the increased dependence on internet in the past few years. Moreover, online form of services, has gained significant prominence during the COVID-19 pandemic, which is estimated to further boost the segment growth. On the basis of application, the market is segmented into BFSI, transportation and logistics, oil & gas, healthcare, IT & telecom, manufacturing, automotive, and others. Out of these, the transportation and logistics segment is anticipated to hold the notable share over the forecast period on account of growing utilization of digital technology in transportation and logistics to record and maintain the large amount of data.
The global digital transformation consulting services market is projected to grow on the back of the growing need for expert analysis and advice regarding the global transformation of traditional to digital business. The digital transformation of every end-user sector, with development of websites, online sales, virtual showrooms, e-payments, and others, is foreseen to boost the market growth. Moreover, increasing penetration of internet services across the globe, is further forecasted to fuel the market growth. According to the statistics by the World Bank, 56.727% of the total population used internet in 2019.
On the basis of geographical analysis, the global digital transformation consulting services market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period, owing to the high demand for consultancy services to encourage digitalization in every sector, backed by lack of digital knowledge amongst the majority of businesses. Moreover, higher adoption of advanced technology, on a rapid pace, in the region, is bound to boost the market growth.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Initiation of Industry 4.0 in Various Sectors to fuel the Market Growth
The introduction of industry 4.0, which majorly focuses on automation, machine learning, digitalization of industries, is one of the most crucial factors for the market growth. Moreover, increasing integration of digital transformation technologies, including, internet of things (IoT) and wireless communication, in industrial procedures, is further expected to boost the market growth
However, lack of awareness amongst businesses regarding consulting services is expected to operate as key restraint to the growth of global digital transformation consulting services market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global digital transformation consulting services market which includes company profiling of Code Zero, LLC, Accelirate, Cognizant Technology Solutions Corporation, Coastal Cloud, Google LLC, Accenture PLC, IBM Corporation, Microsoft Corporation, ADOBE, Inc., and Infinity Software Consulting Ltd.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts detailed overview of the global digital transformation consulting services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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