The US will have a lower penetration of 5% by 2025 due to lower government support. Automation can greatly improve efficiency and bring down costs of the following processes. Manufacturers on average start with eight digital projects and three out of four of them fail to scale. Digital Transformation Index 2020 Global benchmark indicates businesses’ status of digital transformation across the globe and how they are performing in this digital age. Post author By connect; Post date 15th December 2020; Digital Transformation Market in the Retail Sector Market research report is the new statistical data source … The enterprise digital transformation journey is well on its way at the onset of 2020. Developing an effective vaccine in such a relatively short time is nothing less than a miracle. If you have any problems accessing the report, please reach out to email@example.com. Digital Trends continues to be a valuable tool for our teams at Adobe and marketers across the globe to track industry developments. Travel and hospitality in 2020 has capitalized on any number of digital innovations to make its products more appealing to consumers and business partners alike. Vanson Bourne Research Findings & Methodology Which teams or leaders should be tasked with making sure the company is making progress using digital strategies and tools? 10 Digital transformation for 2020 and beyond Competitive intensity is higher than ever OTT players such as WhatsApp, Facebook and WeChat have redefined the customer experience in messaging and video services, luring traffic away from telco offerings such as SMS. Between March and May 2020, we asked 225 CFOs from global organizations how they’re rising to the challenges of COVID-19 by initiating finance digital transformation. World Quality Report 2020-21: QA is integral to digital transformation Malcolm Isaacs Senior Researcher, Micro Focus QA is evolving from serving as an independent function within software delivery organizations to become an integral and inclusive part of the team and delivery lifecycle as digital transformation efforts expand. These industries have begun the move toward digitization with more sensors accumulating data around the world. However, there are still some untapped areas where companies can improve within an increasingly diverse market. In electric mobility, the EU and China are leading the transformation, with battery electric vehicles (BEVs) expected to account for 17% and 19% of new vehicle sales by 2025. Most enterprises operating in the end-user industries (majorly manufacturing, automotive) had shuttered down their production sites due to lockdown restrictions. Todayâs business world is digital. Budgets & The Future of Digital Transformation. Through an extensive survey of oil and gas professionals, the 2020 report captures the current state of adoption of the long anticipated Digital Oilfield in Canada. Discover something new every day from News, Sports, Finance, Entertainment and more! Companies are building a robust infrastructure due to increased demand, and there is increased adoption of new technologies and solutions, further supporting the market growth. The integration of digital tools and systems into a companyâs business culture and processes, often referred to as âdigital transformation,â is a process that has any number of benefits. The responses were then supplemented with executive interviews and case studies gathered from some of the leading companies in the industry today. Millions forced to cancel Christmas as mutant coronavirus strain spreads in U.K. Trump's Future: Tons of Cash and Plenty of Options for Spending It, 'I failed': Operation Warp Speed's co-leader claims responsibility for confusion about states' COVID-19 vaccine supplies, Rebuilding trust in the Justice Department starts — but doesn't end — with Biden's choice of attorney general. The "Digital Transformation Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. Adopting digital technologies enable internal communication and streamline plans by allowing engineering teams to work more efficiently with the enterprises in the end-user industries to better manage data and project requirements. At a time when many consumers are not traveling, companies face difficult decisions about staffing and remote work, and new competitive challenges loom, digital transformation offers an increasingly attractive proposition. The report will be emailed to you shortly, be sure to check your inbox. The Covid-19 pandemic is having a profound impact on socio-economic conditions, accentuating the already complex scenario faced by a region with significant structural weaknesses. The "Digital Transformation Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The Thailand Digital Transformation Survey Report 2020 05 Digital disruption has grown to become a major force across a broad number of industries worldwide. And what technology and systems, like cloud computing or machine learning, should they adopt in order to make their company more digital ready? The "Digital Transformation Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The adoption of wireless communication is booming, and the penetration of this technology will expand in the future, driving the rate of digital transformation. The 2020 Ponemon Report paints a clear picture of the status of digital transformation processes in companies like yours. The COVID-19 outbreak and the lockdown restriction imposed across the globe have affected capital investments, and industrial activities across the world. The report examines digital transformation across industries and geographies, and offers a benchmark with interactive assessment to gauge your own progress. But achieving these digital transformation benefits also requires plenty of work. For this report, Flexera has synthesized data from its industry-leading 2019 State of the Cloud, 2020 State of Tech Spend and 2018 SaaS Survey to provide visibility into the initiatives that support digital transformation. 4.2.2 Increased Demand for Industrial Automation, 4.5 Industry Attractiveness - Porter's Five Force Analysis, 5.1.4 Advanced Human Machine Interface (HMI), 5.1.6 Machine Learning and Artificial Intelligence, For more information about this report visit https://www.researchandmarkets.com/r/z3u7f1, View source version on businesswire.com: https://www.businesswire.com/news/home/20201216005853/en/, ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900. Instead it is becoming essential. to be printed on 13 May 2020 This report has been prepared under Section 6 of the National Audit Act 1983 for presentation to the House of Commons in accordance with Section 9 of the Act Gareth Davies Comptroller and Auditor General National Audit Office 12 May 2020 HC 317 | £10.00 Department of Health & Social Care, NHS England & NHS Improvement, NHS Digital Digital transformation in the … Throughout 2020, Micro Focus has been inviting industry professionals to respond to our Digital Transformation Survey. The amount the average digital transformation budget should be increased to be more effective. Skift Take . Finland, Sweden, Denmark and the Netherlands scored the highest ratings in DESI 2020 and are among the global leaders in digitalisation. Measured progress is a harbinger for how digital transformation will look in near future, as it will be essential to keep investing and innovating in order to stay ahead. Digital disruption is a change that occurs when new digital technologies and business models affect … The global digital transformation market is expected to register a CAGR of 18.5%, during the period of 2020-2025. This report divides based on the key players, Type, Application … … Shifting from conventional to new digitalized business models facilitates the introduction of more technologically advanced products and services. And there is no industry better positioned to capitalize on the benefits of digital-first processes than the travel and hospitality industry. DESI area report: Research and Development ICT Over the past year, all EU countries improved their digital performance. These trends are playing out against a market background in This is true of virtually any aspect of modern organizations, whether thatâs serving digital savvy consumers, the importance of digital tools and systems in helping companies run more efficiently and effectively, or in the increasingly data-driven philosophies being used to help companies uncover insights and develop new strategies. Owing to the integration of AI, machine learning, and rapid deployment of IoT and connected infrastructure, the market is expected to witness rapid growth over the forecast period. Following the global economic recession led by COVID-19, the global digital transformation market has witnessed mixed impact in 1st quarter of 2020. The 2020 edition of Altimeter's annual research report “The State of Digital Transformation” documents the far-reaching impact of COVID-19 on digital transformation efforts. 2x. Automation is being adopted across several industries where it can make an immediate and lasting difference, particularly in industries, such as manufacturing and oil and gas. It was with these questions in mind that Skift partnered with Amazon Web Services on a survey investigating the opinions of travel industry executives worldwide on the topic of digital transformation. Trump Claims Credit for Vaccines. The Thailand Digital Transformation Survey Report 2020 Beyond Technology, Talent emerged to drive Digital Transformation. 2020 Digital Transformation Trends Report 8 Making the business case for investment Business leaders want to understand the effect of their tech investment on their commercial objectives such as customer acquisition, up-selling and cost reduction. Already, we have heard from many organizations about their digital transformation (DX) plans and progress. Delivering those vaâ¦ https://t.co/nhMD4rnUIp, Business Travel and Future of Work Summit, Travel Industry Outlook: Post-U.S. Election and Post-Vaccine, Tripadvisor CEO on Selling Just The Right Tours And Activities, Analysis from a survey of close to 1,000 executives in the travel and hospitality industry on their attitudes related to digital transformation, Exploration of how different travel and hospitality brands are making use of new digital tools like cloud computing and machine learning, A look of how those in the industry are utilizing data and analytics to support business decision making, Investigation of how travel and hospitality organizations are prioritizing digital transformation in their talent and budget decisions. Digital Transformation (DX) and Industry 4.0 initiatives often struggle to escape pilot purgatory or expand beyond single site implementations. But due to the outbreak of Covid-19, the need for smart digital transformation strategies is no longer just a nice to have feature. 2020 Digital Transformation Report. The "Digital Transformation Market - Growth, Trends, Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The 2020 Digital Transformation Report. Learn more here. Brands leading the way in customer experience are three times more likely to have significantly exceeded their 2019 business goals. The global digital transformation market is … Our new Digital 2020 reports – published in partnership with We Are Social and Hootsuite – show that digital, mobile, and social media have become an indispensable part of everyday life for people all over the world. In an examination of several different digital use cases, it reveals those which technologies are considered most mature, those that provide the greatest return on investment and how far along the adoption curve they have moved over time. Close to 1,000 respondents participated in the research, answering a range of questions about the state of their digital transformation plans, budgets invested, digital capabilities, and talent, staffing, and training. The Latin American Economic Outlook (LEO) 2020 focuses on the role of digital transformation in helping to navigate through challenging times. Travel and hospitality in 2020 has capitalized on any number of digital innovations to make its products more appealing to consumers and business partners alike. Title: Global Digital Transformation Survey Report 2020 Author: FUJITSU LIMITED Subject: Digital Transformation Contributes to Providing Value to Society Download the Full Report The Report 2020-2026 Global Digital Transformation in Banking and Finance Market Report Industry analyses the important factors of this market based on present industry situations, market demands, business strategies utilized by Digital Transformation in Banking and Finance market players and their growth synopsis. Get a rundown of the findings and learn how finance digital transformation helps CFOs adapt to unprecedented change. Date: August 2020 Author: Viney Hora, Narain Chutijirawong, Ph.D., Kanchanok Bunsupaporn, Sakolsri Satityathiwat and Chananya Bunyalug . Get a Sample copy of Digital Transformation Services Market research report@ https://bit.ly/34ZHQFY The report provides study at global and regional level to … This inaugural Flexera 2020 Digital Transformation Planning Report examines how organizations are approaching digital transformation, including priorities, challenges and strategies. Digitally transformed organizations can adapt to the evolving technological landscape and can tackle sudden shifts in the industry. Where organizations are in their DX journey now and where they want to be in a year. How can travel businesses ensure they attract and train talent that is fluent in using digital tools and analytical strategies? Digital Transformation refers to the use of digital technology to solve traditional problems. Due to growing competition within the industries, investments in technology are further increased to gain a competitive edge in the market. Comprehensive Report on Digital Transformation Market in the Retail Sector Market 2020 | Size, Growth, Demand, Opportunities & Forecast To 2026 | IBM Corp., Salesforce, Google LLC, Amazon Web Services Inc., Alibaba Cloud. "Digital Transformation Market - Growth, Trends, Forecasts (2020 - 2025)", https://www.researchandmarkets.com/r/z3u7f1, https://www.businesswire.com/news/home/20201216005853/en/. It can make these organizations more resilient in the face of unexpected business challenges, help them be more nimble in responding to shifts in demand, provide new insights into company operations and consumers, and even allow them to run more efficiently and save money in the process. Digital transformation helps organizations in improving their brand's reputation, customer experience, and customer retention ratios through the implementation of the software. This can be done by focusing on associated metrics, for example, new sign-ups, upgrades, channel usage and reduced returns. Our comprehensive 2020 Digital Transformation Index seeks to identify traits, factors, and patterns that would help us understand why some companies seem better equipped than others when it comes to adapting to change, establishing market leadership despite rapidly changing conditions, and achieving success through internal Digital Transformation programs. Automation involves the integration of mechanical systems with IT. The digital transformation market is consolidated. Almost Doubled. Fundamentally, 2020 Digital Trends report shows that today the value of customer experience is unquestionable. AWS Travel and Hospitality + Skift - Aug 04, 2020 8:55 am. While the same core technologies that dominated these discussions will continue to be foundational to our collective digital transformation journey, 2020 will be defined by a … Some of His Backers Don't Want to Take Them. The players have adopted various growth strategies such as partnerships, agreements, and collaborations; and new product launches and product enhancements to further expand their presence in the market and broaden their customer base. More than 4.5 billion people are using the internet at the start of 2020, while social media users have passed the 3.8 billion mark. The increased demand for industrial automation is the primary driver for the digital transformation market.