Global Digitization IT Spending Market 2015-2019
Global Digitization IT Spending - Market Analysis 2015-2019
Covering: 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.Market overview of digitization IT spending
The increasing need to improve customer experience and business sustainability has fueled the growth of digitization IT spending market. Digitization helps an organization reduce costs and improve business productivity. The digitization IT spending market is in its nascent stage, and Technavio’s research analyst predicts the market to grow at a rate of 5% during the forecast period.
Businesses and governments globally have realized the potential benefits of digitization in the economic development. For instance, the Chinese government has taken measures like the inclusion of connectivity, cloud, and digitization goals in its 12th five-year plan. Also, the increased availability of affordable digital infrastructure are driving several organizations to spend more on digital technology.
Segmentation by end user and analysis of the digitization IT spending market
Technavio Announces the Publication of its Research Report – Global Digitisation IT Spending 2015-2019
Technavio recognizes the following companies as the key players in the Global Digitisation IT Spending: Accenture, Capgemini, Cognizant, IBM, Infosys and TCS
Other Prominent Vendors in the market are: Adobe, Alcatel-Lucent, Apple, AT&T, Atos, CGI, Cisco, CSC, Dell, Deloitte, EMC, EY, Fujitsu, Google, HCL, HP, iGate, Intel, KPMG, Microsoft, Oracle, PwC, Samsung, SAP, Tech Mahindra, Unisys, Verizon, Wipro, Xerox, and Yahoo.
Commenting on the report, an analyst from Technavio’s team said: “Digitization is the conversion of physical records into a digital format. Digitization has helped many businesses and governments to reduce paper records and printing needs. Hospitals are digitizing their patient records; governments are digitizing government-issued certificates such as medical and birth certificates; and the education sector has increased its usage of tablets.”
According to the report, Organizations across all industries are undergoing major digital transformational changes. The inherent benefits of digitization such as better decision making, improved customer relationships, efficient resource planning, innovations in products and services, and cost savings are leading to increased adoption of digital technologies by organizations.
Further, the report states that shortage of skilled professionals hinders the growth of the global digitization IT spending market.
Accenture, Capgemini, Cognizant, IBM, Infosys, TCS, Adobe, Alcatel-Lucent, Apple, AT&T, Atos, CGI, Cisco, CSC, Dell, Deloitte, EMC, EY, Fujitsu, Google, HCL, HP, iGate, Intel, KPMG, Microsoft, Oracle, PwC, Samsung, SAP, Tech Mahindra, Unisys, Verizon, Wipro, Xerox, Yahoo.
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