The U.K. Digital Transformation Market size is expected to reach USD 68.81 billion by 2028, registering at a CAGR of 22.8% from 2021 to 2028, according to a new study by Grand View Research, Inc. The rising demand for advanced technologies such as Artificial Intelligence (AI), cloud computing, and the Internet of Things (IoT) is promoting the adoption of connected devices as well as data-rich and analytics solutions across businesses and enterprises. These solutions enable the integration of intelligence capabilities into business operations and practices to facilitate improved and effective customer engagements while driving operational optimization.
The increasing use of mobile devices, smartphones, and
applications across business processes and departments is also promoting
digitization and is expected to drive the market growth over the forecast
period. The rapid shift from traditional to digitalized business models is
facilitating the introduction of additional advanced technological products and
services across industries and sectors, which is anticipated to further drive
the market growth.
The COVID-19 pandemic has posed a significant
challenge for the global economy. Digital transformation can help enterprises
survive the business continuity challenges presented due to the lockdown, work
from home, social distancing, and other mandates. Some organizations faced
challenges due to the lack of digital strategy and infrastructure or tools to
work remotely. Although the COVID-19 pandemic has adversely affected personal,
professional, and community life, it has presented business opportunities for this
market. Digital transformation solutions are expected to help teams learn to
collaborate and businesses can function effectively without having people in
the office. This scenario is expected to propel the digital transformation
market growth in the U.K.
Related Press Release@ U.K. Digital Transformation Market Report
U.K. Digital Transformation
Market Report Highlights
- In terms of solution, the social media segment is anticipated to
register considerable growth over the forecast period. Social media is
increasingly being employed to build and enhance the customer experience
of a brand. This medium is utilized for maintaining public relations,
promoting sales, and marketing the available products and services
- In terms of deployment, the hosted segment is anticipated to expand
at the highest CAGR from 2021 to 2028. Hosted solutions allow companies to
access data across connected devices anytime, which surges the
customization scope and enables the application of analytical tools across
several business channels
- In terms of enterprise size, the large enterprise segment is
anticipated to witness significant growth. This growth can be attributed
to the growing demand for robust monitoring solutions and automation
abilities for strategic decision-making and resource allocation across
large organizations
- In terms of end use, the retail segment is expected to expand at a
promising CAGR from 2021 to 2028. The significant growth of this segment
can be attributed to the increasing penetration of the internet and the
growing usage of mobile applications for making purchases and related
decisions. Moreover, digitalization can be employed to improve the
in-store experience by using kiosks and interactive displays to help
customers look through the entire catalog of offerings
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment