Why is it the right time for businesses to invest in digital transformation? Digital transformation is the backbone of how businesses become successful in the market.
Did you know that companies investing heavily in digital tools see up to 30% higher efficiency in their operations? Or that over 70% of SMEs plan to adopt AI-powered tools by 2025? These stats are not just normal numbers—they are indicators of a major shift shaping industries globally.
For startups and small businesses, staying competitive in the competitive industry means embracing digital transformation. Whether it is simplifying operations, improving customer experiences, or entering new markets, the opportunities are endless.
So, let’s explore the 50+ Digital Transformation Statistics & Trends. Know how these digital transformation trends can make your business scalable and profitable in the long run.
Digital Transformation- A Quick Overview
Digital transformation involves integrating digital technology into every aspect of a business, fundamentally changing how it operates and delivers value to customers.
The process also includes a cultural shift within the organization, encouraging continuous challenges to the status quo, experimentation, and a willingness to embrace failure.
Also read, Digital Transformation Guide: Myths, Challenges, and Proven Strategies for 2025.
The Advantages of Digital Transformation For Small Businesses and Startups
Let’s discuss the reasons why digital transformation is easier and beneficial for small businesses like you: –
- Improved Market Outreach
Digital tools allow small businesses to connect with customers globally, eliminating geographical barriers.
The expanded reach allows them to compete effectively with larger companies and enter new markets.
- Better Customer Experience
By using advanced communication channels and personalized services, businesses can enhance their interactions with customers. It results in higher satisfaction levels and fosters loyalty among clients.
- Effective Decision Making
Digital transformation offers access to data-driven insights, leading to better decision-making.
Analyzing customer behavior and market trends helps businesses make informed choices that mitigate risks.
- Less Operational Costs
Automating processes through digital solutions reduces manual tasks, resulting in significant cost savings. Cloud services and paperless operations simplify resource management and improve efficiency.
- More Efficient Productivity
Digital tools facilitate collaboration among teams, allowing employees to concentrate on high-value tasks.
Such a rise in productivity drives growth and positions small businesses for long-term success.
Checkout this Infographic- The Benefits of Digital Transformation for Businesses in (2025)
The Present State of Digital Transformation- Key Statistics and Insights
In the above section, you went through the benefits of digital transformation. Now it’s time to understand how implementing the latest digital transformation statistics and trends can help improve your business. Here is a list of the 50+ digital transformation trends and data: –
Digital Transformation Stats, Trends- Market growth Rate
1. The global digital transformation market was valued at USD 606.05 million in 2022 and is projected to reach USD 2372.39 million by 2030, growing at a compound annual growth rate (CAGR) of 18.60% during the forecast period. {1}
2. According to Statista’s projections, worldwide spending on digital transformation is expected to reach $3.4 trillion by 2026. {2}
3. Markets and Markets forecasts that the digital transformation market size will grow at a compound annual growth rate of 19.1%, increasing from $521.5 billion in 2021 to $127.5 billion in 2026. {3}
4. Organizations with an actively involved Chief Digital Officer are six times more likely to achieve successful digital transformation. {4}
5. The World Economic Forum estimates that digital transformation will add $100 trillion to the global economy by 2025. Also, by that year, platform-driven interactions are expected to enable approximately two-thirds of the $100 trillion value at stake from digitalization. {5}
6. According to Research and Markets, AR/VR technology is expected to grow the fastest until 2025, even though the Internet of Things (IoT) held the largest share of the overall digital transformation market in 2019. {6}
Digital Marketing Statistics- Regional Insights
- North America
In North America, digital transformation trends emphasize cybersecurity and data privacy as organizations confront increasing cyber threats.
- Europe
Europe is experiencing a rise in sustainable and ethical digital practices, reflecting the region’s commitment to environmental responsibility.
- Asia-Pacific
The Asia-Pacific region is characterized by rapid technological advancements, particularly in emerging economies. Cloud and mobile technologies are driving innovation, while e-commerce is experiencing exponential growth.
Smart city projects that utilize IoT and AI aim to tackle urban challenges. Also, Asia-Pacific is leading in 5G deployment, which enhances connectivity and facilitates transformative applications.
- LAMEA (Latin America, Middle East, and Africa)
LAMEA is witnessing a surge in digital initiatives aimed at promoting economic diversification and improving public services. Mobile banking and fintech innovations are thriving, fueled by the necessity for financial inclusion. {7,8}
Digital Transformation Data- Small and Medium-Sized Enterprises
1. By 2025, 60% of midsize enterprise workloads are expected to remain on-premises. (Gartner) {9}
2. 57% of small business owners believe they need to improve their IT infrastructure to optimize their operations. (YourStory) {10}
3. 51% of small and medium-sized enterprises (SMEs) rely on social media to grow their businesses. (DoodleBlue) {11}
4. 92% of SMEs consider digital transformation vital for their success. (MDPI) {12}
Digital Transformation Stats, Trends- Business Industry
1. According to Gartner, 87% of senior business leaders prioritize digitalization. {13}
2. Prophet reports that 51% of digital transformation initiatives are driven by market pressures and growth opportunities. {14}
3. SWZD found that 76% of businesses plan to implement long-term IT changes as a consequence of COVID-19. {15}
4. Gartner identifies top strategic technology trends that will drive disruption and growth, such as hyper automation, multi-experience, democratization, and human augmentation. {16}
5. Becoming a “composable business” could enable you to outpace competitors by 80% in the speed of implementing new features, according to Gartner. {17}
6. InfoSys notes that 57% of organizations believe digital transformation will have a greater impact on workplace transformation than on physical (38%) and cultural (15%) aspects. {18}
Digital Transformation Trends and Statistics- Workplace
1. According to Infosys, 86% of organizations believe that workplace transformation can enhance collaboration among teams. {19}
2. Selecting the right technology and solutions is the top priority for organizations implementing digital transformation in the workplace, as reported by Infosys. {20}
3. Accenture found that cloud-enabled tools and technologies are the most common investments made in workplace transformation initiatives. {21}
4. A Deloitte survey reveals that 3 out of 5 HR leaders say their organizations use AI to support employees. {22}
Digital Transformation Data, Stats- Best Practices
1. 28% of digital transformation initiatives are usually led or sponsored by Chief Information Officers (CIOs), while 23% of Chief Executive Officers (CEOs) are increasingly taking on leadership roles. (Prophet) {23}
2. During the pandemic, 70% of businesses chose to either increase or maintain their spending on digital transformation. (IFS) {24}
3. An overwhelming 97% of IT decision-makers are actively involved in digital transformation initiatives. (MuleSoft) {25}
4. By 2024, 25% of CIOs at large enterprises will be accountable for digital business operational results, effectively acting as “COO by proxy.” (Gartner) {26}
5. In 70% of organizations surveyed, the top priority is using technology to simplify workflows and reduce manual processes. (OpenText) {27}
6. Companies that prioritize cultural transformation are five times more likely to achieve breakthrough performance compared to those that do not. (BCG) {28}
Digital Transformation Statistics– Industry Specific
These are the key digital transformation sats and trends as per different industries: –
Digital Transformation Trends in Financial Services
1. A recent study found that approximately 47% of financial services providers anticipate a significant digital transformation within the next three years. Also, about 53% expect that more than 10% of their workforce will be automated and replaced by advanced technology over the next five years. {29}
2. About 90% of respondents agreed or strongly agreed that digital technologies are disrupting the financial services industry. {30}
3. In terms of IT spending, 58% of financial services providers reported an increase in their IT budgets year-on-year, and this trend is expected to continue. {31}
4. Another study indicated that around 92% of finance leaders from 89 corporations have begun implementing digital interventions in their finance functions. However, only 11% of them believe they are at an advanced stage in this process.
Digital Transformation Trends, Statistics in Manufacturing
1. In 2020, the digital transformation market in manufacturing was valued at $263 billion. It is projected to reach $767 billion by 2026, growing at a compound annual growth rate of 19.48% during the forecast period from 2021 to 2026, according to Mordor Intelligence. {32}
2. According to ITIC, 86% of manufacturing companies report that a single hour of downtime in their systems, networks, applications, or other hardware can cost at least $300,000. {33}
Digital Transformation Trends, Data in Retail
1. According to Fujitsu, 71% of respondents—more than two-thirds—agree that digital transformation is a crucial aspect of retail technology. However, only 9.5% of retailers identify themselves as very early adopters of digital tools, while another 27% consider themselves somewhat early adopters. Meanwhile, 37% of retailers do not categorize themselves as either early or late adopters.
2. The key drivers of digital transformation in retail include strengthened competitiveness, which 70% of respondents rated as having high or very high importance. Additionally, 69% noted improved efficiency and reduced costs, 69% mentioned enhanced customer relationships, and 67% cited increased revenue as significant factors. {34}
3. Gartner reports that 63% of retailers anticipate increasing their spending on business intelligence and data analytics, and 35% plan to invest more in artificial intelligence. {35}
Insurance Digital Transformation Trends, Statistics
1. The insurance sector faces many bottlenecks and relies heavily on manual processes. According to McKinsey, by 2025, 25% of the insurance industry is expected to be automated through the use of AI and machine learning techniques. {36}
2. In the banking sector, three-quarters of banks and credit unions have initiated a digital transformation strategy, with an additional 15% planning to do so, according to the Cornerstone Advisors report titled “What’s Going On in Banking.” {37}
3. Among those banks that have implemented their strategy, nearly half—specifically 46%—are at least halfway through the process, as reported by Forbes. {38}
Healthcare Digital Transformation Trends and stats
1. IDG reports that the top industries for digital-first business strategies include 95% in services, 93% in financial services, and 92% in healthcare. {39}
2. During the pandemic, there was a 15-percentage point increase in the use of digital tools for health support among consumers. According to McKinsey, 37% of consumers are highly likely to utilize telehealth in the future. {40}
3. McKinsey estimates that up to $250 billions of current U.S. healthcare expenditures (20% of the total) could be allocated for virtualization. {41}
4. The use of telehealth rose significantly from 11% to 76% after the pandemic, as reported by McKinsey. {42}
5. By 2025, the healthcare AI market is projected to have a total revenue opportunity of over $34 billion, according to Business Wire. {43}
6. The global digital health market is expected to grow to more than $500 billion by 2025, according to Statista. {44}
7. The global virtual and augmented reality market in healthcare is anticipated to reach $5.1 billion by 2025, according to Grand View Research. {45}
8. The global market for wearable medical devices is expected to reach $27.2 billion by 2023, with a compound annual growth rate (CAGR) of 23%, according to 360 Market Updates. {46}
Concluding Thoughts- Digital Transformation Statistics, Trends and Data 2025
Why are businesses experiencing a digital transformation? If you have not yet engaged in the digital transformation of your business, you are likely missing out on an advantage that your competitors may already have. The reality is that the future of work is shaped by technological disruption and advancement.
Embracing digital transformation services is essential if you want to keep up with the quickly changing digital industry. The digital transformation statistics and data above indicate that companies investing in digital transformation have a better chance of succeeding, remaining profitable, and leading in their industries.
If you want to drive business growth and see your ideas thrive in 2025 and beyond, now is the time to develop your digital strategy.
How Vrinsoft Can Make Your Digital Transformation Journey Successful?
If your business is operating on an outdated system, or if you are worried about rising costs and decreasing profits, digital transformation could be the solution you need.
Vrinsoft Technology is a well-known digital transformation company in India, USA. As a leading digital transformation solutions company, we specialize in guiding businesses through every stage of the digital transformation process, from planning and execution to monitoring success. With our expertise, you can stay ahead of industry changes, optimize your operations, and unlock new growth opportunities.
As a premier digital transformation solution provider, we have successfully implemented solutions for a diverse range of businesses across various industries, including AppyWay, YB3, and UtiliTrade.
What are you waiting for? Jumpstart your business operations by moving from a traditional model to a digitally advanced one. Consult with us today.
Digital Transformation Statistics and Trends FAQs
Q: What are the statistics for digital transformation?
A: The global digital transformation market was valued at USD 606.05 million in 2022 and is projected to reach USD 2372.39 million by 2030, growing at a compound annual growth rate (CAGR) of 18.60% during this forecast period.
Q: What is the digital transformation trend?
A: Digital transformation is the process through which businesses adopt technologies to drive change. Examples include corporations implementing cloud computing software, government organizations utilizing big data analytics, and entrepreneurs embracing artificial intelligence (AI) tools.
Q: What are the 4 main areas of digital transformation?
A: The four main areas of digital transformation are:
- Customer Experience (CX)– Improving interactions to meet changing customer expectations.
- Data & Analytics– Leveraging data for informed decision-making and insights.
- Cloud Computing: Utilizing cloud services for scalability and flexibility.
- Mobility– Implementing mobile solutions to improve accessibility and communication.
Q: Which industry has the most digital transformation?
A: The IT technology sector is at the forefront of digital transformation, closely followed by the media, finance, and insurance industries. These sectors have adopted digital solutions to improve operations and enhance customer engagement, significantly surpassing others in the adoption of new technologies. Their proactive strategies position them for ongoing growth and innovation in the digital marketplace.
Q: What is the most difficult part of digital transformation?
A: The most challenging aspect of digital transformation is overcoming resistance to change within the organization. Many employees and leaders may hesitate to adopt new technologies or processes due to fears of disrupting established workflows. Also, legacy systems and a lack of digital skills can complicate the transition, making it difficult to implement effective solutions.
References- Latest Digital Transformation Statistics and Trends
1. https://www.vantagemarketresearch.com/industry-report/digital-transformation-market-1361
2. https://www.statista.com/statistics/870924/worldwide-digital-transformation-market-size/
3. https://www.marketsandmarkets.com/Market-Reports/digital-transformation-market-43010479.html
4.https://research.aimultiple.com/digital-transformation-stats/
5. https://www.weforum.org/press/2016/01/100-trillion-by-2025-the-digital-dividend-for-society-and-business/
6. https://research.aimultiple.com/digital-transformation-stats/
7. https://aws.amazon.com/marketplace/pp/prodview-edj6vdcjuhczw#overview
8. https://www.vantagemarketresearch.com/industry-report/digital-transformation-market-1361
9. https://www.gartner.com/en/documents/4002378
10. https://yourstory.com/smbstory/sme-small-business-trends-2023-india
11. https://www.doodleblue.com/blogs/impact-of-digital-transformation-on-smes/
12. https://www.mdpi.com/2071-1050/14/10/6012
13. https://www.gartner.com/en/information-technology/topics/digital-transformation
14. https://insights.prophet.com/the-state-of-digital-transformation-2018-2019
15. https://www.spiceworks.com/research/it-report/
16. https://www.gartner.com/smarterwithgartner/gartner-top-10-strategic-technology-trends-for-2020
17. https://www.gartner.com/en/documents/3992133
18. https://www.infosys.com/services/microsoft-cloud-business/insights/documents/workplace-transformation-research-study.pdf
19.https://www.infosys.com/services/microsoft-cloud-business/insights/documents/workplace-transformation-research-study.pdf
20. https://www.infosys.com/services/microsoft-cloud-business/insights/documents/workplace-transformation-research-study.pdf
21. https://www.accenture.com/us-en/insights/technology/_acnmedia/Thought-Leadership-Assets/PDF-3/Accenture-Tech-Vision-2021-Full-Report.pdf
22. https://www2.deloitte.com/content/dam/insights/us/articles/us43244_human-capital-trends-2020/us43244_human-capital-trends-2020/di_hc-trends-2020.pdf
23. https://insights.prophet.com/the-state-of-digital-transformation-2018-2019
24. https://www.ifs.com/us/news-and-events/newsroom/2020/06/30/70-percent-of-businesses-increase-or-maintain-digital-transformation-spend-amid-pandemic-ifs-study-s
25. https://www.mulesoft.com/lp/reports/top-digital-transformation-trends
26. https://www.gartner.com/smarterwithgartner/gartner-top-10-strategic-predictions-for-2021-and-beyond
27. https://www.opentext.com/file_source/OpenText/en_US/PDF/opentext-legal-mkt-report-technology-en.pdf
28. https://www.bcg.com/capabilities/digital-technology-data/digital-transformation/overview
29. https://assets.kpmg.com/content/dam/kpmg/be/pdf/2021/Digitalization-in-banking-beyond-Covid-19.pdf
30. https://www.deloitte.com/tr/en/pages/financial-services/articles/digital-transformation-in-financial-services.html
31. https://assets.kpmg.com/content/dam/kpmg/be/pdf/2021/Digitalization-in-banking-beyond-Covid-19.pdf
32. https://www.mordorintelligence.com/industry-reports/digital-transformation-market-in-manufacturing
33. https://itic-corp.com/tag/uptime/
34. https://www.fujitsu.com/global/solutions/industry/retail/digital-transformation-trends-retail.html
35. https://www.gartner.com/en/chief-information-officer/insights/cio-agenda
36. https://www.mckinsey.com/industries/financial-services/our-insights/automating-the-insurance-industry#/
37. https://www.forbes.com/sites/ronshevlin/2022/01/10/the-end-of-digital-transformation-in-banking/
38. https://www.forbes.com/sites/ronshevlin/2022/01/10/the-end-of-digital-transformation-in-banking/
39. https://resources.foundryco.com/download/digital-business-executive-summary
40. https://www.mckinsey.com/industries/healthcare/our-insights/helping-us-healthcare-stakeholders-understand-the-human-side-of-the-covid-19-crisis
41. https://www.mckinsey.com/industries/healthcare/our-insights/telehealth-a-quarter-trillion-dollar-post-covid-19-reality
42. https://www.mckinsey.com/industries/healthcare/our-insights/telehealth-a-quarter-trillion-dollar-post-covid-19-reality
43. https://www.businesswire.com/news/home/20180827005149/en/
44. https://www.statista.com/forecasts/387867/value-of-worldwide-digital-health-market-forecast-by-segment
45. https://www.grandviewresearch.com/industry-analysis/virtual-reality-vr-in-healthcare-market
46. https://www.360marketupdates.com/global-wearable-medical-device-market-13634803
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