This market research report includes a detailed segmentation of the digitization IT spending market by end-users such as BFSI, retail, manufacturing, healthcare, and telecommunications. It outlines the market shares for key regions such as the Americas, APAC, and EMEA. A comprehensive analysis of the leading vendors such as Accenture, Capgemini, Cognizant, IBM, Infosys, and TCS is also included.
Technavio’s market research analysts estimate the global digitization IT spending market to grow at a CAGR of around 5% between 2015 and 2019. The increasing need to improve customer experience and business sustainability has fueled the growth of digitization IT spending market. The Americas dominate the digitization IT spending market, covering around 48% of the overall market share. The increasing availability of abundant skills, affordable technologies, and the favourable government support to develop ICT in Latin America is fuelling the growth of the region.
The new market research report from Technavio provides a breakdown and analysis of the digitization segments by technology.
“Digitization has helped organization to minimize the usage of paper records and printing requirements. The various benefits of digitization includes better decision making, improved customer relationships, efficient resource planning, innovations in products and services, and cost savings. To gain competitive edge in the market, the organizations are increasingly adopting digital technologies such as social media, mobility, analytics, and the cloud, says Navin Rajendra, Lead Analyst, ICT, Technavio Research.
BFSI is the main end-user of the global digitization IT spending market, occupying around 27% of the oevarll market revenue. Being an information-intensive sector, it has made huge investments in digitization especially in its front office activities such as retail and home banking. Also, the organizations in the BFSI sector are investing heavily in digital capabilities such as social media, mobile payments, and big data analytics to improve their customer segmentation.
The key vendors in the global digitization IT spending market include Accenture, Capgemini, Cognizant, IBM, Infosys, and TCS. The market is highly competitive due to the presence of several international and regional providers. Competition in this market is projected to intensify during the forecast period as several IT companies and business consulting firms entering the market.
A more detailed analysis is available in the Technavio report, Global Digitization IT Spending – Market Analysis 2015-2019.
We can customize reports by other regions and specific segments upon request.
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