Europe Digital Transformation Market

Europe Digital Transformation Market 2022-2032 by Offering (Hardware, Software, Services), Technology (IoT, Cloud, Big Data & Analytics, AI, Mobility, Cybersecurity), Function (Production, Workforce, Operational, Customer), Deployment (On-Premises, On-Cloud), End User, Organization Size (Large, SMEs), and Country: Trend Forecast and Growth Opportunity

Europe Digital Transformation Market

Europe Digital Transformation Market 2022-2032 by Offering (Hardware, Software, Services), Technology (IoT, Cloud, Big Data & Analytics, AI, Mobility, Cybersecurity), Function (Production, Workforce, Operational, Customer), Deployment (On-Premises, On-Cloud), End User, Organization Size (Large, SMEs), and Country: Trend Forecast and Growth Opportunity


Discover the latest insights into the booming Europe Digital Transformation Market. This report analyzes market size, growth trends (CAGR ), key players, and regional performance, offering valuable data for investors and industry professionals. Explore market drivers, restraints, and future projections for -.

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Europe digital transformation market was valued at $ 147.1 billion in 2022 and will grow by 20.0% annually over 2022-2032, driven by the increasing availability of mobile devices and digital platforms, increasing demand for industrial automation and digitalization, government initiatives, increasing internet penetration, and the growing adoption of IoT/AI/cloud/big data/contactless solutions.

Highlighted with 37 tables and 61 figures, this 130-page report “Europe Digital Transformation Market 2022-2032 by Offering (Hardware, Software, Services), Technology (IoT, Cloud, Big Data & Analytics, AI, Mobility, Cybersecurity), Function (Production, Workforce, Operational, Customer), Deployment (On-Premises, On-Cloud), End User, Organization Size (Large, SMEs), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe digital transformation market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure

• Growth Drivers

• Restraints and Challenges

• Emerging Product Trends & Market Opportunities

• Porter’s Fiver Forces

The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe digital transformation market in every aspect of the classification from perspectives of Offering, Technology, Function, Deployment, End User, Organization Size, and Country.

Based on Offering, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Hardware

• Software

• Services

Based on Technology, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Internet of Things (IoT)

• Cloud Computing

• Big Data & Analytics

• Artificial Intelligence (AI)

• Mobility or Social Media

• Cybersecurity

• Other Technologies

By Function, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Production Transformation

• Workforce Transformation

• Operational Transformation

• Customer Transformation

By Deployment, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• On-Premises

• On-Cloud

By End User, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• BFSI

• Healthcare

• IT & Telecom

• Manufacturing

• Retail & Consumer Goods

• Government & Defense

• Oil & Gas

• Automotive, Transportation & Logistics

• Media & Entertainment

• Education

• Other End Users

By Organization Size, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Large Enterprises

• SMEs

Geographically, the following national/local markets are fully investigated:

• Germany

• UK

• France

• Spain

• Italy

• Netherlands

• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

For each key country, detailed analysis and annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Technology, Function, and End User over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Accenture Plc

Adobe, Inc.

Alibaba Group (Alibaba Cloud)

Alphabet Inc. (Google Cloud Platform)

Amazon.Com, Inc. (Amazon Web Services, Inc.)

Cognizant Technology Solutions Corporation

Hewlett Packard Enterprise Development LP

IBM Corporation

Intel Corporation

Microsoft Corporation

NVIDIA Corporation

Oracle Corporation

Salesforce.Com, Inc.

SAP SE

Siemens AG

TIBCO Software Inc.

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 7

1.1 Industry Definition and Research Scope 7

1.1.1 Industry Definition 7

1.1.2 Research Scope 8

1.2 Research Methodology 11

1.2.1 Overview of Market Research Methodology 11

1.2.2 Market Assumption 12

1.2.3 Secondary Data 12

1.2.4 Primary Data 12

1.2.5 Data Filtration and Model Design 13

1.2.6 Market Size/Share Estimation 14

1.2.7 Research Limitations 15

1.3 Executive Summary 16

2 Market Overview and Dynamics 19

2.1 Market Size and Forecast 19

2.1.1 Impact of COVID-19 on World Economy 20

2.1.2 Impact of COVID-19 on the Market 23

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 25

2.2 Major Growth Drivers 29

2.3 Market Restraints and Challenges 34

2.4 Emerging Opportunities and Market Trends 37

2.5 Porter’s Fiver Forces Analysis 41

3 Segmentation of Europe Market by Offering 45

3.1 Market Overview by Offering 45

3.2 Hardware 47

3.3 Software 48

3.4 Services 49

4 Segmentation of Europe Market by Technology 50

4.1 Market Overview by Technology 50

4.2 Internet of Things (IoT) 52

4.3 Cloud Computing 53

4.4 Big Data & Analytics 54

4.5 Artificial Intelligence (AI) 55

4.6 Mobility or Social Media 56

4.7 Cybersecurity 57

4.8 Other Technologies 58

5 Segmentation of Europe Market by Function 59

5.1 Market Overview by Function 59

5.2 Production Transformation 61

5.3 Workforce Transformation 62

5.4 Operational Transformation 63

5.5 Customer Transformation 64

6 Segmentation of Europe Market by Deployment 65

6.1 Market Overview by Deployment 65

6.2 On-Premises 67

6.3 On-Cloud 68

7 Segmentation of Europe Market by End User 69

7.1 Market Overview by End User 69

7.2 BFSI 71

7.3 Healthcare 72

7.4 IT & Telecom 73

7.5 Manufacturing 74

7.6 Retail & Consumer Goods 75

7.7 Government & Defense 76

7.8 Oil & Gas 77

7.9 Automotive, Transportation & Logistics 78

7.10 Media & Entertainment 79

7.11 Education 80

7.12 Other End Users 81

8 Segmentation of Europe Market by Organization Size 82

8.1 Market Overview by Organization Size 82

8.2 Large Enterprises 84

8.3 SMEs 85

9 European Market 2022-2032 by Country 86

9.1 Overview of European Market 86

9.2 Germany 89

9.3 U.K. 92

9.4 France 95

9.5 Spain 98

9.6 Italy 101

9.7 Netherlands 104

9.8 Rest of European Market 107

10 Competitive Landscape 109

10.1 Overview of Key Vendors 109

10.2 New Product Launch, Partnership, Investment, and M&A 112

10.3 Company Profiles 113

Accenture Plc 113

Adobe, Inc. 115

Alibaba Group (Alibaba Cloud) 116

Alphabet Inc. (Google Cloud Platform) 117

Amazon.Com, Inc. (Amazon Web Services, Inc.) 118

Cognizant Technology Solutions Corporation 119

Hewlett Packard Enterprise Development LP 120

IBM Corporation 121

Intel Corporation 122

Microsoft Corporation 123

NVIDIA Corporation 124

Oracle Corporation 125

Salesforce.Com, Inc. 126

SAP SE 127

Siemens AG 128

TIBCO Software Inc. 129

RELATED REPORTS 130

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Europe Digital Transformation Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Europe Digital Transformation Market shifting its focus from growth to value?
Recognize the areas along the Europe Digital Transformation Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What is the estimated value of the Europe Digital Transformation Market?
The Europe Digital Transformation Market is expected to reach a reasonable valuation by 2030; now the market is expected to shift its focus from growth to value.
What challenges does the Europe Digital Transformation Market face in the future?
The convergence of various vital triggers, including a major slowdown in Western economies, and some critical points in globalization, leads to the transformation of business in the Europe Digital Transformation Market across the extensive corporate landscape.
What are the primary data sources used to evaluate the Europe Digital Transformation Market sizing?
The majority of data for the Europe Digital Transformation Industry is gathered through primary sources, which include interviews and surveys with industry experts from the core and related industries involved in the supply chain. Secondary sources, such as SEC filings, annual reports, whitepapers, and press releases, are also used.