Digital transformation is not new for business leaders, but owing to COVID-19 such a step is being taken by companies to enhance their agility, speed, and data-driven decision making applications. It has been recently reported that digital transformation is helping the companies to combat the economic slowdown faced during the pandemic situation.
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In most cases, digital transformation remains a work in progress—with a long way to go. Over one third of respondents felt that their organization lagged behind its competitors. Many companies are yet to apply digital technologies and ways of working at scale owing to budget constraints. They are yet to create a culture that embraces change, experimentation, and continual learning & improvement. Still other companies are planning end-to-end transformations but are yet to move beyond the line.
Companies such as Boston Consulting Group work with companies to prioritize, identify, and implement high-impact use cases. This lets customers create value quickly while demonstrating how & what digital technologies and ways of working can do for their concerned businesses. The process involves three stages: innovate (build a proof of concept and validate the business case), incubate (launch a minimum viable product and test and learn with agile sprints), and industrialize (run the technology and business process at scale). After an initial wave of use cases, the process repeats with the next wave and the process goes on. Digital transformation is about evolving and augmenting and not replacing the human capabilities. The market participants help client develop their digital talent plans in areas such as data science and human-centered design. They also help them in planning optimal location strategies and strike the right balance between insourcing and outsourcing and hence in deciding how to keep a balance. The companies provide training, on-the-job learning, coaching, and up-skilling that are essential for digital transformation. One of the most important elements of digital transformation is data and digital platform (DDP). A launching pad for high-value use cases, a DDP utilizes components including a data lake, APIs, and microservices that allow companies to build applications in a modular way and to readily access the data whenever they need. Companies like Boston Consulting Group help companies create DDPs as well as the governance and processes that let them deliver new capabilities at digital speed. It also helps in assessing the new technologies, ecosystems, collaborations and partnerships, in areas such as AI, machine learning and the Internet of Things. This in turn enhances transformation and creates new opportunities. Such a factor is expected to drive the global digital transformation strategy consulting market over the forecast period.
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The companies help both small & medium scale businesses and large scale organizations to embrace full digital transformation that consolidates the change in aspects such as business model transformation, end-to-end experience change, cloud infrastructure, and setting a data-driven organization.
Some of the players operating in the digital transformation strategy consulting market include Boston Consulting Group, ABeam Consulting Ltd., Accenture, Alpha Catalyst Consulting, Arthur D Little, Cognizant, CONSULUS, Deloitte, EY, FPT Software, IBM, Intelligence, KPMG PLT, Majesco, Marketify Consulting, PwC, Quint, RSM US LLP, SAP, Telefonaktiebolaget LM Ericsson, Terrabit Consulting, The IA Group and other market participants.
The detailed research study provides qualitative and quantitative analysis of the global digital transformation strategy consulting market. The digital transformation strategy consulting market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America
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Global Digital Transformation Strategy Consulting Market
- By Organization Size
- Large Enterprises
- Small & Medium Enterprises
- By Application
- Inventory Operations
- Supply Chain Management
- Customer Service Operations
- Product/Software Digitalization
- Freight Booking
- In-Store digitization
- Advanced Payment Options
- Digital Marketing Techniques
- Others
- By Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Healthcare
- Aviation
- Entertainment & Media
- IT & Telecom
- Transportation & Logistics
- Manufacturing
- Automotive
- Retail & FMCG
- Others (Power & Utility, Travel & Tourism, Etc.)
- By Region:
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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