Security News > 2020 > November > Direct digital transformation investment to approach $6.8 trillion by 2023

Despite a global pandemic, direct digital transformation investment is still growing at a compound annual growth rate of 15.5% from 2020 to 2023 and is expected to approach $6.8 trillion as companies build on existing strategies and investments, becoming digital-at-scale future enterprises, according to IDC. Digital transformation investment predictions.

The economy remains on course to its digital destiny with 65% of global GDP digitalized by 2022 and will drive over $6.8 trillion of direct DX investments from 2020 to 2023.

By 2023, 75% of organizations will have comprehensive digital transformation implementation roadmaps, up from 27% today, resulting in true transformation across all facets of business and society.

"According to Shawn Fitzgerald, research director, Worldwide Digital Transformation Strategies at IDC,"Organizations with new digital business models at their core that are successfully executing their enterprise-wide strategies on digital platforms are well positioned for continued success in the digital platform economy.

"Our 2021 digital transformation predictions represent areas of notable opportunity to differentiate your own digital transformation strategic efforts."

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