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North America dominated the market in 2013 . It captured around 29 % of the worldwide share . Online payment options and internet connectivity are the prime reasons for the growth of this region . Firms of the North American digital transformation market are using various technologies to promote their businesses through websites and social media . This would greatly enhance the status of the regional market and drive its sales . The European Union ( EU ) had begun internet banking operations to reduce obstacles faced by businesses while conducting transactions . Latin America is expected to have good potential for the digital transformation market .
Boosting mobile network operators ( MNOs ) in India , China , and South Korea from the Asian Pacific ( APAC ) region are also estimated to raise the demand for the global market . Growing IT-enabled services in APAC will ensure a strong future for the digital transformation market .
The Middle East is an untapped region that ’ s utilizing digital technologies on a knowledgebased approach . UAE , Qatar , and Saudi Arabia are becoming increasingly dependent on Internet communication technologies ( ICTs ). As such , the sectors of banking and insurance have had around 40 % share in the MENA industry .
Key Players The key players of the digital transformation market include Persistent Systems , IBM , Accenture , Tata Consultancy Services , Cognizant , Capgemini Consulting Global , Deloitte , Booz & Co ., PricewaterhouseCoopers ( PwC ), CGI Group Incorporation , a nd Econsultancy . In the Middle East and North Africa , entrants , like Ystrat , Intel , and Elite Technologies are trying to gain a strong grip in the global digital transformation market .
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