Title: IT Transformation Market - Forecast(2022 - 2027)
1IT Transformation Market - Forecast(2022 -
2027)
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- IT Transformation market is expected to reach
1.1 trillion by 2026 at a CAGR of 22.5 during
the forecast period 2021-2026. - Furthermore, organizational data can be easily
accessed on-the-go with the help of BYOD devices,
such as smartphones, tablets, phablets, and
laptops. Hence the rising security and privacy
issues hinder the market growth in the forecast
period 2021-2026 - I
-
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- Key Takeaways
- North America dominated the market by a market
share of more than 35.9 in 2020, owing to the
presence of developed economies such as U.S and
Canada. - Blockchain enables a significant IT
transformation of a supply chain in the
manufacturing industry. The decentralized nature
of the block chain creates maximum transparency
in every transaction in the supply chain and
enables IT transformation. - Cloud deployment is growing at a highest CAGR of
26.9 in the forecast period. As it offers
operational flexibility and real-time deployment
ease to companies than on-premises deployment -
-
- Government regulations will propel the growth of
cloud management in the forecast period.
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IT Transformation Market Segment Analysis - By
Deployment Cloud deployment is growing at a
highest CAGR of 26.9 in the forecast period
2021-2026 owing to its operational flexibility
and real-time deployment ease to companies than
on-premises deployment. It also offers numerous
benefits, including reduced operational costs,
simple deployment process, and higher scalability
in terms of connected resources. Additionally,
the cost-effective cloud-based solutions ease
installation when compared to the on-premises
solutions. The high level of data security and
reliability offered by the cloud deployment is
increasing the share of cloud deployment in the
forecast period. Hence these benefits are
analysed to drive the market growth in the
forecast period 2021-2026.
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- IT Transformation Market
- SAP SE
- IBM Corporation
- Oracle Corporation
- Google Inc
- Dell EMC
- Microsoft Corporation
- Adobe Systems Incorporated
- Accenture PLC
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IT Transformation Market - Forecast(2022 -
2027) Learn More
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