The availability of digitally native retailers is the major driving factor for the global enterprise digital labs market growth. Also, changes in the lifestyle of people such as people nowadays are digitally more active which has fuelled the target market. In addition, organizations are engaging with customers through social media and mobile apps which is boosting the target market. Enterprise Digital Labs Market accounted for US$ 1.6 billion in 2022 and is estimated to be US$ 5.8 billion by 2032 and is anticipated to register a CAGR of 12.9%

The report "Enterprise Digital Labs Market, By Product Type (Digital Marketing, Customer Engagement, Compliance Management, Security Management, Supply Chain Optimization, and Others), By Application (Banking, Financial Services & Insurance (BFSI), Retail, Healthcare, Consumer Goods, Information Technology & Telecom, and Government, Information Technology & Telecom, Automotive, and Oil & Gas), and Region - Global Forecast to 2029"

Key Highlights:

• In July 2019, IBM Corporation and AT&T Inc. had announced multi-year strategic alliance.

Key Market Insights from the report:          

Enterprise Digital Labs Market accounted for US$ 1.6 billion in 2022 and is estimated to be US$ 5.8 billion by 2032 and is anticipated to register a CAGR of 12.9%.The market report has been segmented on the basis of product type, application and region.

• By product type, the global enterprise digital labs market is categorized into digital marketing, customer engagement, compliance management, security management, supply chain optimization, and others
• By application, the global enterprise digital labs market is categorized into banking, financial services & insurance (bfsi), retail, healthcare, consumer goods, information technology & telecom, and government, information technology & telecom, automotive, and oil & gas
• By region, North America has the largest market in terms of revenue and is expected to dominate the global market over the forecast period. United States has majorly adopted the digital technology in order to improve customer services which have driven the target market growth in the region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Enterprise Digital Labs Market, By Product Type (Digital Marketing, Customer Engagement, Compliance Management, Security Management, Supply Chain Optimization, and Others), By Application (Banking, Financial Services & Insurance (BFSI), Retail, Healthcare, Consumer Goods, Information Technology & Telecom, and Government, Information Technology & Telecom, Automotive, and Oil & Gas), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - forecast till 2029

The prominent player operating in the global enterprise digital labs market includes McKinsey & Co, Inc, Swisscom AG, Zinnov LLC, Tata Consulting Services Ltd., Accenture, Inc, Open Text, Inc, International Business Machines (IBM) Corporation, Cognizant Technology Solutions Corporation, Xerox AG, and Wipro Ltd.

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