The global market size for digital transformation in manufacturing was valued at USD 220.90 billion in 2018 and is anticipated to rise up to USD 642.35 billion by 2025 with a CAGR of 14.3% during the forecast period. The strong competitive pressure in the manufacturing industry in addition to the highest emphasis on reducing cost on operations are proving to be a major driver for the digital transformation in manufacturing. Other key factors driving the market include the evolution of Industry 4.0 and the wide adoption of the Internet of Things (IoT).