Based on the 2018 study by the World Economic Forum and Accenture, DaaS will realize $100 trillion in value over the next decade.
More specifically, the Global Digital Transformation Market is Expected to Grow from USD 469.8 Billion in 2020 to USD 1,009.8 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5% During the Forecast Period.
Although many organizations are investing in DaaS, few are achieving the envisioned results. In a 2018 McKinsey Global survey of over 1700 executives, 80% of the respondents reported that their organizations had begun DaaS initiatives in recent years, but only 14% mentioned that their efforts have made and sustained performance environment, and an alarmingly low rate of 3% reported complete success at sustaining the change.
The digital transformation industry is driven by increasing penetration of IoT and the adoption of cloud services. However, the increasing penetration of mobile devices and apps further contributes to the growth of the digital transformation market.
