Taiwan Digital Transformation Market is projected to grow at a CAGR of 12.6% during 2024–2030

Solutions segment by Components held the highest revenue share in Taiwan Digital Transformation Market -6Wresearch

In 2023, solutions as a component lead Taiwan's Digital Transformation market due to their ability to address specific business needs across industries. Tailored solutions, such as AI, big data analytics, and cybersecurity, enable organizations to optimize operations, improve efficiency, and enhance customer experience. The demand for integrated, industry-specific solutions has driven substantial investments, boosting their revenue share.

According to 6Wresearch, Taiwan Digital Transformation Market is projected to grow at a CAGR of 12.6% during 2024–2030. The Taiwan Digital Transformation Market experienced robust growth between 2020 and 2023, driven by rising AI adoption and advancements in the ICT and manufacturing sectors. Taiwan's AI sector investments increased significantly, with a 134% rise from USD 98.4 million in 2023 to USD 227.5 million in 2024, underscoring the country’s commitment to advancing AI infrastructure.

Additionally, the ICT sector, which contributed USD 479.52 billion in exports in 2023, played a pivotal role in supporting digital transformation. Growing e-commerce penetration and internet access, with mobile broadband at 81.6% penetration, further fueled the market, along with government incentives promoting digital tools and cloud adoption.

The market is expected to witness significant growth from 2024 to 2030, driven by sustained investments in AI and ICT infrastructure. Taiwan’s National Development Plan aims to achieve USD 1 trillion in AI output by 2026, supported by advanced manufacturing capabilities and global competitiveness in integrated circuit design and packing. The expansion of data centers and government initiatives to encourage digital adoption across SMEs would further accelerate growth.

According to Suryakant, Senior Research Analyst, 6Wresearch, Cloud as a deployment mode dominates Taiwan's Digital Transformation market in 2023 due to its scalability, cost-efficiency, and flexibility. Businesses increasingly prefer cloud solutions for seamless data access, enhanced collaboration, and reduced infrastructure costs. The rapid adoption of cloud computing across industries like BFSI, retail, and manufacturing has driven significant market growth, contributing to its largest revenue share.

Taiwan Digital Transformation Market (2024-2030) report provides an in-depth analysis with 20 figures and 6 tables, covered in 77 pages. The report thoroughly covers market By Technology, ByComponents, By Deployment Mode and By Application. Taiwan Digital Transformation Market outlook report provides an unbiased and detailed analysis of the on-going Taiwan Digital Transformation Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.