The global
digital transformation market size was valued at $52.44 billion in 2019 and is projected to reach $164.08 billion by 2027, growing at a CAGR of 15.4% from 2020 to 2027. Digital transformation in BFSI is a set of methodologies, tools, and processes that is used by modern companies to improve their operational activities and to enhance their sales. The key objective of digital transformation in BFSI is to automate, and digitize processes in the banking & fintech organizations and to streamline the critical processes of the organization. Numerous benefits are associated with digital transformation in BFSI which include enhanced security features, better risk management process, automation of repetitive tasks, and others.
