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Digital Transformation Market to Reach USD 817.05 Billion by 2025 at a CAGR of 18.87% – Report by Market Research Future (MRFR)

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New York, US, July 08, 2021 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Global Digital Transformation Market information by Technology, by Deployment, by Organization Size and Vertical – forecast to 2027” the market was valued at USD 250.65 Billion in 2018 and is expected to reach USD 817.05 Billion by 2025 growing at a CAGR of 18.87%

Dominant Key Players on Digital Transformation Market Covered Are:

  • IBM Corporation (US)
  • Accenture Plc (Ireland)
  • Microsoft Corporation (US)
  • SAP SE (Germany)
  • Google (US)
  • Dell EMC (US)
  • Cisco Systems Inc. (US)
  • Oracle Corporation (US)
  • Marlabs (US)
  • Tibco Software Inc (US)
  • Hewlett Packard Enterprise (US)
  • Cognizant (US)
  • Equinix Inc. (US)
  • Rockwell Automation Inc. (US)
  • CA Technologies (US)
  • Salesforce.com Inc. (US)
  • HCL Technologies (India)

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Market USP exclusively encompassed:
Digital Transformation Market Drivers
Rapid Growth of Mobile Devices and Apps
The rising use of mobile devices and apps has transformed many facets of modern life. This, in turn, has paved the way for the digitization of several verticals. Organizations and enterprises all around the world are digitally changing their traditional brick-and-mortar operations into online operations. Furthermore, the emergence of modern technologies such as AI, Ml, RPA, and IoT has increased the importance of mobile applications, which will contribute to the expansion of digital transformation.

Digitalizing Organizational Business Activities to Meet Changing Customer Expectations and Improve Operational Efficiency
The application of advanced technologies such as cloud, IoT, big data and analytics, mobility, and social media has resulted in innovation and transformation, supporting growth in the business ecosystem. Digital technologies have transformed the legacy approach to business into a modern approach. To achieve a competitive advantage, enterprises require a quick, precise, and real-time response from big data analysis in order to generate new products and services, improve existing ones, and develop whole new business models. Enterprises have begun to integrate big data with business intelligence in order to collect real-time information, gain actionable insights, understand customer requirements, and improve overall productivity growth. Customers frequently rate enterprises mainly in terms of digital customer experience since the deployment of modern technology provides limitless options. The majority of businesses are implementing digital transformation practices that are primarily focused on digital interactions with their customers. This aspect has increased demand for digital transformation solutions across a variety of industry verticals.

Browse In-depth Market Research Report (111 Pages) on Digital Transformation: 
https://www.marketresearchfuture.com/reports/digital-transformation-market-8685

Segmentation of Market Covered in the Research:
The global digital transformation market has been segmented on the basis of technology, deployment, organization size, and vertical.

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By technology, the global digital transformation market has been segmented into cloud computing, internet of things (IoT), big data & analytics, artificial intelligence (AI), blockchain, and others.

By deployment, the global digital transformation market has been segmented into on-premise and on-cloud.

By organization size, the global digital transformation market has been segmented into small and medium-sized enterprises and large enterprises.

By vertical, the global digital transformation market has been categorized into BFSI, government, healthcare, IT and telecommunication, retail, education, and media & entertainment, among others.

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Digital Transformation Market Regional Analysis
North America to Dominate the Global Market
North America dominates the worldwide digital transformation market. The region is an early adopter of technology and is home to the bulk of the significant businesses in this market. The United States has the most significant market share of any country, owing to factors such as highly qualified expertise and research and development skills aimed at providing solutions and services, among others.

Europe to Follow North America
In terms of market share in the worldwide digital transformation market, Europe is following North America. The increasing acceptance of cloud-based solutions, the expansion of Industry 4.0, and the widespread use of mobile devices in the workplace are some of the factors driving the market growth.

APAC to Grow at Fastest Rate
During the forecast period, Asia Pacific is expected to be the fastest-growing region. Government initiatives to boost digitization and increased company adoption of cloud platforms are projected to increase demand for digital transformation in the region.

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COVID-19 Impact on the Global Digital Transformation Market
Amid the COVID-19 pandemic, cloud and internet technologies are keeping our world running. With social distancing in place, businesses across all industries are operating remotely, and consumers are entirely reliant on online services for both critical and non-essential requirements. The demand for powerful cloud infrastructure is skyrocketing in order to make this virtual world as real, efficient, and influential as possible. While everyone remains at home, cloud computing has made entertainment and gaming more convenient than ever.

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Visitors’ access to enterprises might be readily converted to blockchain and Bluetooth Low Energy (BLE)-based access control systems during the COVID-19 pandemic scenario. The visitor/guest would be invited using an app, and upon accepting the invitation, a unique access key would be generated, and transactions would be secured using blockchain. The visitor should be able to enter the office/society premise easily using the same access key, and a BLE enabled device. A distributed technology, such as blockchain, not only provides a more secure method of implementing access control systems, but it is also less expensive than a cloud-based back-end server-based solution. Blockchain technology facilitates access to and tracking visitors’ health records, particularly in the context of the COVID-19 scenario.

Industry News
In May 2021, IBM corporation announced advances in artificial intelligence (AI), hybrid cloud, and quantum computing. The innovations emphasize IBM’s role in assisting clients and partners in accelerating digital transformations, returning to work smarter, and developing strategic ecosystems that may create better business outcomes.

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

MGI Tech and SeqOne Partner to Advance End-to-end Genomic Analysis

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PARIS, June 17, 2024 /PRNewswire/ — MGI (MGI Tech Co., Ltd. or its subsidiaries, together referred to MGI), a company committed to building core tools and technologies that drive innovation in life science, today announced the collaboration with SeqOne, a leading provider of AI-driven genomic decision support software, to develop and validate end-to-end genomic analysis solutions from sample to report tailored to the needs of Human Genetics and Pathology labs worldwide.

This collaboration between MGI and SeqOne encompasses three distinct initiatives:
Validating an end-to-end, automated, cost-effective solution for HRD signature with MGI DNBSEQ-G99
The collaboration between a Pathology Reference Lab in Spain, Agilent Technologies, MGI, and SeqOne aims to technically validate a routine workflow leveraging Agilent panels, Magnis lib prep automation, MGI DNBSEQ-G99, and SeqOne somaHRD, a clinically validated HRD signature solution, on 96 samples.
This end-to-end solution for pathology molecular labs will enable high-quality, efficient, and flexible HRD testing worldwide, including Genomic Instability score and BRCA testing.
Enabling and validating SeqOne tertiary analysis solution compatible with MGI Megabolt for Germline Panels, Whole Exome and Whole Genome
MegaBOLT bioinformatics analysis accelerator, self-developed and MPS-concentrated hardware accelerating system by MGI, is set to ensure seamless integration and compatibility with SeqOne’s AI-powered variants identification and analysis solution.
The collaboration aims to combine MegaBOLT and the SeqOne Platform to deliver a versatile, cost-effective, intuitive, and time-saving solution from sample to report, particularly attractive for high-throughput Human Genetics labs.
Validating SeqOne CE-IVD Platform for Germline and Somatic analysis for use with MGI sequencers in routine diagnostics
This technical validation project aims to evaluate the compatibility of the SeqOne Platform with MGI sequencing data. It will validate variant calling performances on a set of reference control samples in terms of QC, sensitivity and precision.
“We are thrilled to announce our collaboration with SeqOne. By combining MGI’s cutting-edge sequencing technology with SeqOne’s innovative genomic analysis Platform, we are poised to deliver real insights and solutions for personalized healthcare,” said Dr. Yong Hou, General Manager of MGI Europe and Africa. “This collaboration underscores our commitment to advancing genomic research and providing clinicians with the tools they need to offer tailored treatments to their patients.”
“This partnership with MGI strongly supports SeqOne’s mission to broaden access to sophisticated genomic analysis, aiming to improve healthcare outcomes,” said Martin Dubuc, CEO, SeqOne. “Molecular laboratories globally are exploring how MGI’s sequencing and bioinformatics technologies can advance next-generation sequencing (NGS) research and diagnostics. We are eager to integrate SeqOne’s CE-IVD Platform with MGI’s offerings, enhancing the quality, sensitivity, and precision of bioinformatic analyses.”
About MGI
MGI Tech Co., Ltd. (or its subsidiaries, together referred to MGI) is committed to building core tools and technologies that drive innovation in life science. Our focus lies in research & development, manufacturing, and sales of instruments, reagents, and related products in the field of life science and biotechnology. We provide real-time, multi-omics, and full spectrum of digital equipment and systems for precision medicine, agriculture, healthcare and various other industries. Founded in 2016, MGI has grown into a leader in life science, serving customers across six continents and have established research, manufacturing, training, and after-sales service facilities globally. MGI stands out as one of the few companies capable of independently developing and mass-producing clinical-grade gene sequencers with varying throughput capacities, ranging from Gb to Tb levels. With unparalleled expertise, cutting-edge products, and a commitment to global impact, MGI continues to shape the trajectory of life sciences into the future. To learn more, please visit https://en.mgi-tech.com/, LinkedIn, X, and YouTube.
About SeqOne
SeqOne is a fast-growing deep-tech company focused on turning genomic data into medically- actionable insights in oncology and rare and inherited diseases. Our vision is to make personalized healthcare a reality for every patient, everywhere. We are committed to democratizing access to advanced genomic insights, enabling labs of any size, in any location, to offer affordable personalized medicine solutions to patients at scale. We integrate cutting-edge AI and big data technologies to redefine genetic data analysis. Our CE-IVD Platform provides time saving, flexible, and cost-effective decision support, empowering decentralized laboratories worldwide to deliver precision diagnostics.The company has won numerous awards, including the iLab award and the ARC Cancer Foundation’s Hélène Stark prize. Investors include Elaia, IRDI Capital Investissement, Merieux Equity Partners, Omnes, and Software Club. To learn more, please visit www.seqone.com and Linkedin.
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Artificial Intelligence

Symphony Talent’s Award-Winning Full-Funnel Talent Acquisition Portfolio Earns Strategic Challenger Status on Fosway 9-Grid™ for Third Consecutive Year

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NEW YORK and LONDON, June 17, 2024 /PRNewswire/ — Symphony Talent, a global leader in recruitment marketing technology and employer brand services, has been named a Strategic Challenger on the 2024 Fosway 9-Grid™ for Talent Acquisition for the third consecutive year, demonstrating Symphony Talent’s consistent dedication to providing cutting-edge solutions that drive game-changing results for talent acquisition teams worldwide.

“From rapidly evolving technologies to shifting candidate expectations, the TA industry faces many challenges,” says Sven Elbert, Head of Analyst Services at Fosway Group. “A full-funnel talent acquisition solution — that seamlessly aligns employer branding, technology and data analytics to the candidate journey — is essential to address these complexities. Symphony Talent provides a robust framework for meeting the diverse needs of complex, global enterprise-scale clients.”
Empowering TA Teams with Full-Funnel Solutions
Symphony Talent’s extensive portfolio of talent acquisition solutions, including its Brand and Creative Services, Programmatic Media Advertising, Career Sites, CRM, and Assessments, drive outstanding client results by addressing every stage of the talent acquisition funnel. Over 700 global clients leverage Symphony Talent’s innovative technologies and strategic expertise, achieving significant outcomes, such as:
Cutting administrative recruiting tasks by 65%Spending 70% less time managing media spendReducing time spent qualifying talent by 60%Decreasing cost per hire by 25%Filling open positions 30% fasterEnsuring quality hires with a 15% reduction in employee turnover”We are honored to be recognized as a Strategic Challenger on the Fosway 9-Grid™ for the third year in a row,” says Kermit Randa, CEO of Symphony Talent. “This achievement highlights our ongoing commitment to connect clients with innovative, high-impact solutions and data that empower them to navigate the complexities of today’s talent landscape and confidently convert candidates to co-workers.”
Highlights of Symphony Talent’s Achievement:
Innovation and Leadership: Symphony Talent’s continuous recognition as a Strategic Challenger is a testament to its unwavering commitment to innovation and leadership in the talent acquisition industry. The company’s comprehensive suite of solutions, including the award-winning SFX platform, integrates brand and creative services with recruitment marketing technology to streamline the hiring process and enhance candidate experience.Client-Centric Approach: Symphony Talent’s focus on understanding and addressing its clients’ evolving needs has been pivotal in maintaining its strategic position. Symphony Talent ensures clients achieve tangible and measurable outcomes by offering personalized support, detailed implementation schedules, and optimization workgroups.Adaptation to Market Trends: With a deep understanding of the current market dynamics and the challenges faced by talent acquisition teams, Symphony Talent has continuously adapted its offerings to meet these demands. This includes leveraging AI and automation to enhance productivity and providing data-driven insights to optimize recruitment strategies.About the Fosway 9-Grid™
Fosway Group is Europe’s #1 HR industry analyst. The Fosway 9-Grid™ provides a unique assessment of the principal learning and talent supply options available to organisations in EMEA. The analysis is based on extensive independent research and insights from Fosway’s Corporate Research Network of over 250 organisations, including BP, HSBC, PwC, RBS, Sanofi, Shell, and Vodafone. Visit the Fosway website at www.fosway.com.
About Symphony Talent
Symphony Talent is a recruitment marketing technology and employer brand services company that helps talent acquisition teams execute strategic, innovative candidate interactions. Our award-winning, synergistic technology and brand solutions are designed to deliver outcomes — from reach to retention — that unlock a competitive advantage for clients across the globe, including the world’s leading brands. Visit symphonytalent.com to learn more.
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Darwinbox named as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites Report for Enterprises with 1,000+ Employees

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DUBAI, UAE, June 17, 2024 /PRNewswire/ — Darwinbox, a global leader in cloud-based HCM solutions, today announced that it has been distinguished as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites for 1,000+ Employee Enterprises.

The Gartner® Peer Insights™ Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience using the product or service. As of 31 January 2024, Darwinbox received an overall rating of 4.8 out of 5 stars across 141 reviews.
“We believe this distinction, for the third consecutive year, reflects our unwavering commitment to our customers and their success, as well as our dedication to excellence and innovation in the HCM space,” says Jayant Paleti, co-founder, Darwinbox.
Darwinbox has been named a Customers’ Choice for both Large Enterprise (1B – 10B USD) and Midsize Enterprise (50M – 1B USD) segments, showcasing its robust capabilities in handling large-scale operations and its widespread appeal across various business sizes. This recognition underscores the platform’s popularity, driven by its powerful configurability, intuitive design, and agility. An impressive 98% of customers rated Darwinbox 4-stars or higher, highlighting the overwhelming satisfaction with the product.
Furthermore, Darwinbox is recognized as the most customer-friendly enterprise-grade HCM solution globally. The platform distinguishes itself through its ease of implementation and integration, prompt vendor responses, and exceptional technical support, demonstrating Darwinbox’s dedication to quick service and client satisfaction. Notably, 94% of its customers have expressed their willingness to recommend Darwinbox, demonstrating its significant impact and reliability in the enterprise tech landscape.
“What I love is when we need support, the customer service is top-notch – always responsive, solution makers, and always helpful,” HR Business Partner, Media Industry
“Darwinbox has been able to cater to our needs given our diverse business structures and differences in processes,” HR Lead, Manufacturing Sector
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About Darwinbox:
Darwinbox is a leading SaaS-based HR technology platform, empowering organisations to automate HR processes and elevate the employee experience. Rated the highest globally among HCM players on Gartner’s customer review platform, Peer Insights, Darwinbox is trusted by 900+ global enterprises with more than 2.5 million employees spread across 116+ countries.
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