KD Market Insights has released a comprehensive study named Digital Transforming Consulting business. This statistical data offers a quantitative overview of a variety of economic indicators, such as price, share price, and income. During the forecast timeframe of the year, the global Digital Transforming Consulting market is projected to expand at a CAGR of Digital Transforming Consulting market to find, study, and interpret the desired data, various techniques such as primary and secondary analysis methods were used.
Different global areas such as North America, Latin America, Europe, Asia-Pacific, and India were considered to study critical data such as production, industrial base, and raw materials in order to provide a geographic perspective. Understanding the competitive environment around the globe at different stages, such as domestic and domestic, has been included by leading major players in Digital Transforming Consulting sectors.
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It also includes internal and external motivating forces, such as Digital Transforming Consulting market to comprehend the factors that influence the success of Digital Transforming Consulting industries. Furthermore, it provides a good picture of the limiting forces, which aids in understanding the risks and obstacles that companies face. This research examines existing and ground breaking ventures such as Digital Transforming Consulting market to gain a better picture of current developments and global prospects for new technologies in the near future.
The segmentation of Digital Transforming Consulting market is as follows
Type of Service Insights:
On the basis of type of service, the market is categorized into professional services and managed or outsourced services. As per the estimation, professional services segment observed the biggest portion, regarding income in 2019 and may rule the innovation field, as far as size, by 2025. This is attributed to the professional services providers’ ongoing development strategies such as Ernst & Young, Deloitte LLP, KPMG International, and PricewaterhouseCoopers LLP. For instance, in July 2020, Ernst & Young (EY) partnered with IBM to help organizations accelerate digital transformation and improve client outcomes. Together, EY and IBM professionals will focus on assisting clients to transform as well as modernize their businesses.
On the contrary, managed or outsourced services segment is projected to observe impressive development and rule the market (regarding development rates) over the conjecture time frame.
Consolidations and acquisitions, to generate new revenue streams and to expand the geographical presence have advanced as a significant piece of the current digital transformation consulting industry. For example, in November 2020, GlobalLogic Inc, one of the leaders in Digital Product Engineering, acquired ECS Group, a leading digital transformation and DevOps consultancy.
Industry Vertical Insights
On the basis of industry vertical, the market is divided into manufacturing, oil & gas, IT & telecom, BFSI, automotive, healthcare & pharmaceutical, logistics & transportation, etc. The manufacturing industry vertical is estimated to hold largest share of the global digital transformation consulting market in 2019. This is attributed to the surge in spending on digital transformation of connectivity services, applications, and enterprise hardware in the manufacturing sector worldwide.
The oil & gas portions may witness highest growth rate during the forecast period. This may be due to the emerging trend of digital transformation in the oil & gas industry to make faster & better decisions and increase employee efficiency & productivity and cost savings.
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– North America (U.S. & Canada)
– Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)
– Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific)
– Latin America (Brazil, Mexico, and Rest of Latin America)
– Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa)
Competitive Landscape –
The key players of the market are listed in this section of the study. It helps to understand the tactics and alliances that players concentrate on fighting market rivalry. An essential microscopic look at the market is given in the detailed study. The major players operating in the Global Digital Transforming Consulting market are –
SAS Institute Inc.,
Computer Sciences Corporation,
Bain & Company, Inc.,
Ernst & Young, Hewlett Packard Enterprise,
McKinsey & Company,
Kurt Salmon Associates,
Publicis Groupe SA, Inc.,
Mercer LLC, PricewaterhouseCoopers LLP,
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