
Petroc Taylor
Research expert covering global developments in the use of data
Get in touch with us nowIn 2024, spending on digital transformation (DX) is projected to reach *** trillion U.S. dollars. By 2027, global digital transformation spending is forecast to reach *** trillion U.S. dollars.
Digital transformation refers to the adoption of digital technology to transform business processes and services from non-digital to digital. This encompasses, among others, moving data to the cloud, using technological devices and tools for communication and collaboration, as well as automating processes.
Digital transformation growth is due to several contributing factors. Among these was COVID-19 pandemic, which has increased the digital transformation tempo in organizations around the globe in 2020 considerably. Although the pandemic is over, working from home among organizations globally has not only remained, but also increased, increasing the drive for digital transformation. Other contributing causes include customer demand and the need to be on par with competitors. Overall, utilizing technologies for digital transformation render organizations more agile in responding to changing markets and enhance innovation, thereby making them more resilient.
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Overview
Segments
Objectives and challenges
Adoption
Workplace transformation
* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.