27-Sep-2021 | Facts and Factors
As per the Facts and Factors market research report, the demand for the global digital transformation consulting market is expected to grow at a CAGR of around 7.5% from 2021 to 2026. The digital transformation consulting market was valued at around USD 5 Billion in 2020 and is expected to rise above USD 11 Billion by 2026.
Consultants who specialize in digital transformation work with organizations to help them make the move to the digital world. By converting organizations to digital technology, these consultants want to improve efficiency, competitiveness, and accessibility. Consultants may provide services akin to cloud consultants, mobility consultants, and IT strategy consulting during the transition phase. Digital consultants begin by learning about a company's goals and budget in terms of technology. They will then offer solutions and help with the implementation of the company's decisions in general. Improving customer experience may frequently be a driving force in digital changes, whether it's adding an online purchasing function or building a mobile application. Businesses that want to move all or some of their operations to digital platforms may consider working with a digital transformation consulting firm.
The demand for digital transformation consulting is being driven by an increasing requirement for rapid deployment of a digitized omnichannel approach for boosting business functions across various businesses. Due to continually changing market and client conditions, business leaders frequently struggle to complete large projects. This has also helped to drive up demand for digital transformation consulting. The growth of the digital transformation consulting market is mostly influenced by increased awareness and stakeholder acceptability of transformation inside the company.
Top Market Players
The key players in the global digital transformation consulting market are Bain and Company, Terrabit Consulting, Mercer LLC, PwC, RSM US LLP, The IA Group, Intelligence, Ernst & Young (EY), Deloitte, Telefonaktiebolaget LM Ericsson, Marketify Consulting, CONSULUS, The Boston Consulting Group, Cognizant, ABeam Consulting Ltd., A.T. Kearney Inc., SAP SE, McKinsey, KPMG, and Quint among others.
Report Attribute |
Details |
Market Size in 2020 |
USD 5 Billion |
Projected Market Size in 2026 |
USD 11 Billion |
CAGR Growth Rate |
7.5% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Bain and Company, Terrabit Consulting, Mercer LLC, PwC, RSM US LLP, The IA Group, Intelligence, Ernst & Young (EY), and Others |
Key Segments |
Deployment Mode, Technology, Industry Verticals, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
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Rise in Digital Transformation Across Industry Verticals Boosts The Market Growth
The digital transformation sector is changing at a breakneck speed. Market shifts are caused by disruptive technology, cyber risks, and shorter product lifecycles. Thereby, consultants
The expanding use of IoT in digital transformation has prompted a key trend in the market for digital transformation strategy consulting. Companies are becoming more involved in the creation of ready-to-use IoT systems. Organizations all around the world are frantically attempting to harness the disruptive power of emerging technologies for better decision-making, distinct competitive advantages, and other profitable payoffs. In the face of increasing competition, the unrivalled opportunities provided by digital technology have made digital transformation crucial for survival.
North America Is Leading The Regional Market
Due to high internet penetration and widespread use of a range of online payment methods in the retail sector, North America had accounted the largest regional market share. Over the forecast years, the presence of prominent industry players active in digital transformation consulting services in North America will fuel regional market growth. Furthermore, the strong demand for software and advanced robotic solutions in the retail, industrial, and automotive industries in the United States and Canada is also likely to drive regional market expansion.
Most businesses in North America are aiming to use digital transformation to develop a better way to operate by utilizing data for all types of decision-making. This is a vital organizational goal for employing digital transformation strategy consulting services in the United States and Canada.
Browse the full report “Global Digital Transformation Consulting Market By Deployment Mode (On-Premises and Hosted), By Technology (Cloud Computing, AI, Big Data and Analytics, Mobility/Social Media, Cybersecurity, IoT, Blockchain and Robotics and Others), By Industry Vertical (BFSI, Healthcare, Telecom and IT, Manufacturing, Retail, Government and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026.” at https://www.fnfresearch.com/digital-transformation-consulting-market
The global digital transformation consulting market is segmented as follows:
By Deployment Mode:
By Technology:
By Industry Vertical:
By Region:
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