Security News > 2021 > November > Digital transformation spending to reach $2.8 trillion in 2025

Global spending on the digital transformation of business practices, products, and organizations is forecast to reach $2.8 trillion in 2025, more than double the amount allocated in 2020.

According to a new update to the IDC Worldwide Digital Transformation Spending Guide, DX spending will have a compound annual growth rate of 16.4% over the 2021-2025 forecast period as organizations pursue a holistic digital strategy for people, processes, technology, data, and governance.

"For the first time, IDC has forecast global DX spending to exceed $10 trillion over a five-year period," said Craig Simpson, senior research manager with IDC's Customer Insights and Analysis Group.

While the back office support and infrastructure and innovate, scale, and operate priorities will see significantly larger spending totals throughout the forecast, customer experience investments will see faster investment growth.

Digital transformation spending by industry and region.

All 19 industries covered in the DX Spending Guide are forecast to deliver double-digit growth over the five-year forecast.

News URL

https://www.helpnetsecurity.com/2021/11/17/digital-transformation-spending-2025/