New York, United States , April 23, 2024 (GLOBE NEWSWIRE) -- The Global Digitally Delivered Services Market Size is to Grow from USD 4.24 Trillion in 2023 to USD 9.97 Trillion by 2033, at a Compound Annual Growth Rate (CAGR) of 8.93% during the projected period.
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Digitally deliverable services are those that can be offered remotely using computer networks. The term "digitally delivered services" describes the electronic distribution of information, which includes the provision of data and content across a range of platforms and devices, such as the web and mobile. These services help to quickly and effectively provide consumers with information, which improves customer response. Furthermore, because more people are using the internet and related services, there is a growing demand for high Quality of Service (QOS) that is effective in terms of saving time and money. The demand for services that are offered digitally will rise as more people adopt cutting-edge technologies. End users who frequently utilize internet-related services benefit from higher quality service as a result of these offerings. The demand for digital services is also growing since they provide a flexible and secure online communication platform. However, the shortage of skilled workers is a major barrier to the market's expansion for digitally supplied services. Network administration and monitoring are essential throughout the deployment of these services.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Digitally Delivered Services Market Size, Share, and COVID-19 Impact Analysis, By Component Type (Solutions, and Services), By Organization Size (SMEs, Large Enterprises, and Others), By Verticals (Manufacturing, BFSI, Healthcare and Life Science, Telecommunication and IT, Government and Defense, Retail and E-commerce, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The services segment is anticipated to hold the greatest share of the global digitally delivered services market during the projected timeframe.
Based on the component type, the global digitally delivered services market is divided into solutions and services. Among these, the services segment is anticipated to hold the greatest share of the global digitally delivered services market during the projected timeframe. A broad range of services, including consulting, outsourcing, support, and maintenance, are included in the services segment. Increased market penetration and a wider range of needs across industries and businesses are made possible by this diversification.
The large enterprises segment is anticipated to grow at the fastest pace in the global digitally delivered services market during the projected timeframe.
Based on the organization size, the global digitally delivered services market is SMEs, large enterprises, and others. Among these, the large enterprises segment is anticipated to grow at the fastest pace in the global digitally delivered services market during the projected timeframe. Large companies typically have larger budgets for digital transformation efforts and IT expenses. This allows them to invest in a broader range of digitally delivered services, modernizing their operations, and enhancing efficiency, and competitiveness.
The telecommunication and IT segment is predicted to grow at the highest pace in the digitally delivered services market during the estimated period.
Based on the verticals, the global digitally delivered services market is manufacturing, BFSI, healthcare and life science, telecommunication and IT, government and defense, retail and e-commerce, and others. Among these, the telecommunication and IT segment is predicted to grow at the highest pace in the digitally delivered services market during the estimated period. Telecommunications and IT companies are digitally modernizing their networks, systems, and services. This includes incorporating technologies such as cloud computing, Software as a Service (SaaS), the Internet of Things (IoT), and artificial intelligence (AI) to boost efficiency, agility, and customer experience. Digitally provided services contribute significantly to this transition.
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North America is expected to hold the largest share of the global digitally delivered services market over the forecast period.
North America is expected to hold the largest share of the global digitally delivered services market over the forecast period. The increasing number of consumers using cloud computing, the digitization of workspaces, the steady increase in broadband connections, the rise in smartphone users, the growing demand for remote solutions, the expansion of collaborative communication, the encouraging government initiatives to develop digital infrastructure, and the emergence of the Internet of Things are some of the factors contributing to this. The market for digitally delivered services in North America is anticipated to grow steadily overall as a result of an increase in internet access and cloud computing users.
Asia Pacific is predicted to grow at the fastest pace in the global digitally delivered services market during the projected timeframe. Asia Pacific is experiencing considerable digital transformation in a range of sectors, driven by factors such as increased internet usage, smartphone adoption, and government initiatives to promote digital inclusion. As enterprises and consumers adopt digital technology, there is a growing demand for digitally delivered services to aid in the digitalization process. Asia Pacific has a varied market that includes both industrialized economies like Japan, South Korea, Singapore, and Australia, as well as rapidly emerging countries like China, India, Indonesia, and Vietnam.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Digitally Delivered Services Market include Mahindra ComViva, IMImobile, 6d technologies, Tech Mahindra, Happiest Minds, Infosys, Analysys Mason, Spice Digital Ltd, Acrus Global Ltd., Neudesic, and Others.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Digitally Delivered Services Market based on the below-mentioned segments:
Global Digitally Delivered Services Market, By Component Type
- Solutions
- Services
Global Digitally Delivered Services Market, By Organization Size
- SMEs
- Large Enterprises
- Others
Global Digitally Delivered Services Market, By Verticals
- Manufacturing, BFSI
- Healthcare and Life Science
- Telecommunication and IT
- Government and Defense
- Retail and E-commerce
- Others
Global Digitally Delivered Services Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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