The $4.6 Trillion Digital Transformation Market Boom: Businesses Embrace AI and Automation for Growth - Horizon Databook by Grand View Research, Inc. [Yahoo! Finance]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
According to a recent report by Grand View Research, Inc., the global digital transformation market is projected to reach USD 4.6 trillion by 2030, with a compound annual growth rate (CAGR) of 26.7% from 2024 to 2030. A prime instance of this growth is Huawei Technologies Co., Ltd.'s announcement in July 2024 at the Africa Connect 2024 event in Johannesburg . The company introduced its Xinghe Intelligent Network Solution, designed to help African nations leverage Net5.5G technology and accelerate their digital transformation journeys. This initiative highlights the expanding role of next-generation networking solutions in driving regional growth and infrastructure development. Here, we delve into the prominent categories poised to significantly impact the market in the coming years: The artificial intelligence (AI) market is a cornerstone of digital transformation. Expected to grow from USD 196.6 billion in 2023 to USD 1.8 trillion by 2030, AI is revolutionizing industries through a
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