Digital Transformation Market 19.1% CAGR led by BFSI Vertical to 2022

PUNE, India, September 22, 2017 /PRNewswire/ --

Digital transformation market is forecast to reach $493.39 billion by 2022 from $205.99 billion in 2017 at a CAGR of 19.1% during (2017-2022) driven by innovation in businesses, changing customer preferences, the proliferation of mobile devices & apps, increasing penetration of IoT, and rising adoption of the cloud platform says a latest research report available at ReportsnReports.com.

Browse 61 Market Data Tables and 38 Figures spread through 133 Pages and in-depth TOC on "Digital Transformation Market Global Forecast to 2022" at http://www.reportsnreports.com/reports/401290-digital-transformation-market-by-solution-cloud-computing-big-data-mobility-social-media-by-service-by-business-type-b-to-b-b-to-b-to-c-b-to-c-by-end-users-by-verticals-by-regions-na-europe-apac-mea-la-global-forecast-to-2020.html.

The Asia Pacific digital transformation market is projected to grow at the highest CAGR during the forecast period. The digital transformation market has been studied for North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific region has been widely implementing digital transformation solutions to significantly to improve and streamline business processes and facilitate informed business decision making. Rising number of mobile device users, increasing use of social media analytics, and growing online commerce are some of the factors expected to fuel the growth of the digital transformation market in this region.

Based on vertical, the BFSI segment is estimated to lead the digital transformation market in 2017. Based on end user, the BFSI (banking, financial services & insurance) segment is estimated to lead the digital transformation market in 2017. The BFSI vertical incorporates high-end digital technology to make transactions secure, simple, and error free. Furthermore, the development of financial services and technologies, such as mobile banking applications, Omni channel banking, and digital banking analytics enables customers to streamline and automate digital banking operations, thus leading to the increased adoption of digital transformation in the BFSI sector.