Digital Transformation Market Expands With Smart Manufacturing Investments

The global digital transformation market size was valued at USD 1,070.43 billion in 2024 and is anticipated to reach USD 4,617.78 billion by 2030, expanding at a strong CAGR of 28.5% from 2025 to 2030. The rapid adoption of cloud computing remains a major catalyst for this growth, enabling businesses to scale operations, reduce IT overheads, and improve organizational agility.

Key Market Trends & Insights

• North America dominated the global digital transformation market, accounting for over 43.0% revenue share in 2024.
• The U.S. led the regional market in 2024.
• By type, the solution segment held the largest share at over 67.0% in 2024.
• By deployment, the hosted segment generated the highest revenue share of 51.6% in 2024.
• Among enterprise sizes, large organizations captured over 57.0% market share in 2024.

Market Size & Forecast

• 2024 Market Size: USD 1,070.43 Billion
• 2030 Projected Market Size: USD 4,617.78 Billion
• CAGR (2025–2030): 28.5%
• Largest Regional Market (2024): North America

Enterprises are increasingly shifting from traditional systems to cloud-native architectures, SaaS platforms, and hybrid cloud environments. Cloud computing enables seamless access to data, enhances real-time collaboration, and supports remote work—needs that intensified following the COVID-19 pandemic. Cloud service providers such as AWS, Microsoft Azure, and Google Cloud continue to accelerate digital transformation through advanced AI-driven analytics, automation capabilities, and cybersecurity services.

Artificial intelligence (AI) and machine learning (ML) remain pivotal in reshaping industries including healthcare, finance, manufacturing, and retail. AI-powered automation, predictive analytics, RPA, and intelligent decision-making tools are helping businesses enhance efficiency, reduce costs, and innovate faster. Organizations are increasingly deploying AI-driven solutions for fraud detection, supply chain automation, and improved customer engagement.

The rise of the Internet of Things (IoT) and edge computing is further propelling digital transformation. IoT-enabled devices allow real-time data monitoring, enhanced productivity, and smarter asset management across manufacturing, transportation, healthcare, and energy sectors. Edge computing reduces latency and strengthens real-time analytics, making mission-critical operations more efficient. A recent Toptal survey revealed that 85% of organizations undergoing digital transformation experienced improved operational efficiency, 76% noted enhanced customer satisfaction, and 68% recorded revenue growth.

Cybersecurity has become a top priority as digital adoption expands. Businesses are investing in data protection, encryption, and regulatory compliance frameworks to safeguard against cyber threats. Strict regulations like GDPR and CCPA are pushing companies to adopt secure digital transformation strategies.

Furthermore, the rollout of 5G networks is providing faster and more reliable connectivity, supporting advanced automation, IoT integrations, and enhanced digital experiences. Industries such as smart cities, autonomous vehicles, and telemedicine are leveraging 5G to accelerate modernization efforts.

Order a free sample PDF of the Digital Transformation Market Intelligence Study, published by Grand View Research.

Key Digital Transformation Company Insights

The competitive landscape is consolidated, with global and regional players continually focusing on innovation, product launches, partnerships, and mergers & acquisitions. Leading companies such as Adobe Systems Inc., Accenture, and Broadcom, Inc. are shaping the industry through advanced digital solutions.

• Adobe Systems Inc. offers a comprehensive suite of digital tools including Photoshop, Illustrator, and Acrobat. Its AI framework, Adobe Sensei, enhances creativity, automation, and digital workflows.
• Accenture delivers consulting, technology, and outsourcing services across multiple sectors. Its collaboration with Nvidia highlights a strong focus on enterprise AI adoption, workforce training, and scalable AI solutions through the Accenture AI Refinery.
• Emerging participants like Happiest Minds and Kellton Tech Solutions Ltd. are contributing to market expansion through innovative digital services.
• Perforce Software, Inc. supports application development with tools like Perforce Helix Core and a suite of solutions that enhance application lifecycle management across industries such as gaming, healthcare, automotive, and finance.

Key Digital Transformation Companies

• Accenture plc
• Adobe Systems Inc.
• Broadcom, Inc.
• Cisco Systems, Inc.
• Dell EMC
• Dempton Consulting Group
• Google Inc.
• Happiest Minds
• Hewlett Packard Enterprise Co.
• IBM
• Kellton Tech Solutions Ltd.
• Microsoft Corporation
• Salesforce, Inc.
• SAP SE
• TIBCO Software

Conclusion

The digital transformation market is witnessing unprecedented expansion driven by cloud migration, AI adoption, IoT integration, cybersecurity advancements, and the rollout of 5G networks. As organizations prioritize operational efficiency, customer experience, and data-driven decision-making, digital transformation initiatives will continue to rise across all industries. With strong support from major technology providers and increasing global digitization, the market is poised for robust growth through 2030.

Explore Horizon Databook – The world’s most expansive market intelligence platform developed by Grand View Research.