Market Share of Digital Transformation Industry
The Digital Transformation Market is semi-consolidated, with major players like Accenture PLC, Google LLC (Alphabet Inc.), Siemens AG, IBM Corporation, and Microsoft Corporation. Players in the market are adopting strategies such as partnerships, mergers, innovations, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In October 2022, Google LLC expanded its cloud business by assisting more enterprises in migrating to its computing infrastructure. It did so by increasing its partnership with the Indian technology consulting firm HCL Technologies Ltd. HCLTech to develop a pair of new offerings as part of the expanded partnership to help customers get more value from their cloud investments faster. They included the recent Google Cloud Global Migration and Modernization Factory, which provides a combination of experts, unique intellectual property, migration frameworks, and automation tools to assist enterprises more quickly in migrating critical workloads to Google Cloud. Furthermore, a new HCLTech Cloud Acceleration Team was formed to increase customer time-to-value on Google Cloud through a combination of architectural expertise and powerful insights.
In September 2022, Accenture acquired the Beacon Group, a growth strategy consulting firm that serves Fortune 500 companies in the technology, aerospace, industrial, healthcare, and life sciences industries. In addition to its traditional growth strategy advisory work, Beacon's market modeling practice provides clients with greater transparency as they work through custom-made forecasting of current and potential markets served. The company's scalable platform leveraged data and insights from 400 market segments, 16 geographies, and 15 vertical markets and created interactive custom forecast market models.
Digital Transformation Market Leaders
Accenture PLC
Google LLC (alphabet Inc.)
Siemens AG
IBM Corporation
Microsoft Corporation
*Disclaimer: Major Players sorted in no particular order
