![U.K. Digital Transformation Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIR45B2084
Report ID:
UCMIR45B2084 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The digital transformation market in the United Kingdom had a market size of $35.11 billion in 2022 and is projected to experience a 27.7% compound annual growth rate (CAGR) from 2023 to 2030. The emergence of the COVID-19 pandemic had a positive impact on this market, prompting UK government departments to expedite their digital transformation efforts, implementing policies in a matter of weeks rather than months or years. The pandemic also drove businesses to embrace cloud technology for remote work, leading to increased adoption of cloud services to ensure uninterrupted business operations. The Government Digital Service (GDS), a unit of the UK Cabinet Office, established services and a central hub for coronavirus information on GOV.UK to assist vulnerable individuals.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR45B2084