Digital Transformation Consulting Market

Digital Transformation Consulting Market Digital strategy consulting services helps in
building Enterprise Leadership and Business Goals
In the digital era, well designed, well-informed, and activated business strategies are
very crucial and inevitable for any business, thus generating the need of digital
transformation consulting market. Digitization alters the consumer needs and
behavior, as a ripple effect, the nature of business and competition also needs to
change at a great speed and scale. Digital strategy consulting services helps in
building enterprise leadership and business goals, talent requirements, business
structure and organizational models, and data & technology primacies necessary to
execute a business successfully. While efficiency remained a top priority for
investments in digital, the major driving force behind digital investments was the
requirement for growth.
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Ongoing trends of simplification of operating models and simplification of processes
engenders the demand for consulting services in the digital transformation age is
expected to drive the global market during the forecast period. The similar demand
traction in digital transformation consulting is anticipated to be observed after the
forecast period as well. Additionally, migration of traditional IT infrastructure to the
new age mobile computing solutions and IT infrastructure migration to cloud
infrastructure and digital infrastructure are some of the important drivers responsible
for the boom in digital transformation consulting market globally. However, data
safety and reliability anxieties among the customers are anticipated to work as a
restraint in the growth of global digital transformation consulting market across.
The global IT consultancy services market is segmented based on type of service,
enterprise size, and end use industry. The services type segment is classified as
professional services and managed or outsourced services. Based on enterprise size,
the digital transformation consulting market is categorized into small & medium sized
enterprises and large enterprises. Large enterprises are expected to hold a dominant
share in the market while small & medium sized enterprises are expected to have a
relatively small share at present, however, it is expected to grow at a decent rate.
The end use industry segment of digital transformation consulting market is sub
segmented into transportation and logistics, banking financial services and insurance
(BFSI), healthcare and pharmaceuticals, oil & gas, manufacturing, IT & telecom,
automotive, government & defense, and others which includes chemicals, education.
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Currently, the ‘big four’ professional service firms including Deloitte LLP, Ernst &
Young, KPMG International and PricewaterhouseCoopers LLP collectively hold
majority of shares in the global digital transformation consulting market. While firms
with a strong technology and strategy services background, seems to be well-placed
for the next phase of the digital transformation consulting market. However, Deloitte
is anticipated to be holding more of such consulting work than any other global
consulting firm in market.
The global digital transformation consulting market based on geography, is segmented
into five regions which include North America, Europe, Middle East &Africa (MEA),
Asia Pacific, and South America. The demographic analysis across the different
regions of the world is anticipated to show North America as the largest region
contributing to the revenue generation of the global digital transformation consulting
market. Europe is anticipated to observe a significant market share during the
forecast period. Asia Pacific is also expected to witness a remarkable growth during
the forecast period owing to the large amount to transformations happening across
the region in each industry. Furthermore, Middle East & Africa and South America
are expected to show steady growth in the coming years. The global Digital
transformation consulting market, analysis across major counties of the above
mentioned regions include Canada, the U.S., U.K., France, Germany, Italy, China,
India, GCC countries, South Africa, and Brazil.
Players operating in the digital transformation consulting market provide advanced
and scalable services in domestic and international markets. Some of these major
players include Accenture plc, Capgemini Services, Bain & Company, Inc., SAS
Institute Inc., Computer Sciences Corporation, Deloitte LLP, Dell EMC, Ernst &
Young, Hewlett Packard Enterprise, Globant S.A., IBM Corporation, KPMG
International, McKinsey & Company, Kurt Salmon Associates, Mercer LLC,
PricewaterhouseCoopers LLP, Oracle Corporation, Publicis Groupe SA, Inc., The
Boston Consulting Group, Inc.,, and Wipro Limited.