Research Methodology on Digital Transformation Market
Executive Summary
Out of the fast-paced digital disruptions, Digital Transformation has become one of the imperative constructs for technological success. Market Research Future (MRFR) estimates that the digital transformation market could witness a staggering growth rate across the review period of 2023 to 2030.
On the market front, the top players are North America and Europe. Nevertheless, the APAC region could register notably significant growth prospects in the near future. The growth momentum is majorly driven by the prevalence of Digital Transformation trends in sectors such as banking, media, retail, healthcare and government.
The current upgrades in digital transformation information technologies like machine learning, IoT, cloud computations and activities, and analytics are expected to revolutionize industrial operations in Digital Transformation.
The MRFR report offers an in-depth analysis of the Digital Transformation market share, size, trends, and growth opportunities. Along with this, it reveals the threats posed by emerging technologies that might hinder market growth over the estimated period 2023 to 2030.
Research Objectives
- To study the global market for Digital Transformation and its various associated segments
- To analyze the impact of various government and technology factors on the global Digital Transformation market
- To provide detailed analysis and insights into key industry players operating in the global Digital Transformation market
- To identify the opportunities, challenges and risks involved in the global Digital Transformation market
- To project the Digital Transformation market size by evaluating the market potential, its development and recent trends
Research Methodology
Research Type
This research is an effort to analyze the global Digital Transformation market in terms of its drivers, trends, market dynamics, obstacles, potentials, opportunities, and potentials. To carry out the research, both primary and secondary analyses are used. The primary sources include industry experts’ interviews, news, and databases. On the other hand, secondary sources include market-specific publications, company reports, and also the MRFR library.
Data Collection
The data is collected from multiple sources, such as:
- Secondary Sources: Statista, company websites, annual reports, press releases, and several other industry-related publications
- Interviews with experts: Qualitative interviews are conducted with key industry players, expert opinion makers, and thought leaders.
- Primary Sources: Primary sources are used to generate raw data and investigate the Digital Transformation market. The data is validated with the help of different sources and then analyzed and validated to gain meaningful results.
Research Method
However, a top-down and bottom-up approach is used to derive the market estimates. Through a top-down approach, market estimates are derived from the industry verticals, regional markets and sub-segments. The bottom-up approach is used to validate the secondary data. Moreover, for the qualitative part of the research, interviews are conducted with key opinion leaders belonging to various regions including North America, Europe, Asia-Pacific, and the Rest of the World.
Data Modelling
The data collected from the sources are analyzed to arrive at the market size. With the help of data triangulation, the market size is estimated for the base year and the forecast period. To gain insights into the Digital Transformation market, various statistical models were employed to analyze the datasets, such as Regression Analysis, Cluster Analysis, Time Series Analysis, and other relevant models.
Research Method
Within this process, the research experts have identified and interviewed various industry experts, opinion makers, and thought leaders to gain useful insights into the dynamics, scope, and potential of the Digital Transformation market.