The Global Digital Transformation Market Size was valued at USD 731.13 billion in 2022 and is anticipated to witness USD 4,617.78 billion by 2030 at a CAGR of 26.7% from 2023 to 2030. The market is driven by the presence of several large technology companies, high IT spending, and strong internet infrastructure in North America. The COVID-19 pandemic has also accelerated the shift to digital technologies, as businesses try to digitize their operations and processes to stay competitive. Infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS) are all parts of cloud computing (SaaS). Artificial Intelligence (AI) solutions for developing and deploying AI applications like natural language processing are also included in the market.
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