Digital Transformation Market Size, Industry Share and Growth Rate 2028
The global digital transformation market size is projected to reach USD 3,546.80 billion by 2028. This information is given by Fortune Business Insights™ in a new report, titled, “Digital Transformation Market, 2021-2028.” The report further mentions that the market stood at USD 737.88 billion in 2020. It would exhibit a CAGR of 22.1% during the forecast period between 2021 to 2028. The rapid innovations in Industry 4.0 have boosted the development of AI-powered robots, SCARA robots, single-axis robots, and collaborative robotics. In January 2021, NuTec Tooling Systems, for instance, bagged a new contract from a medical device OEM to develop a unique system for automating the process of coating plastic syringes, including COVID-19 applications. The company will deploy its SCARA robots to handle the parts cost-effectively. Adoption of Novel Technologies to Normalize Market Growth amid COVID-19 Pandemic In the first quarter of 2020, the digital transformation showcased a mixed impact