Worldwide Digital Transformation Spending Forecast to Continue Its Double-Digit Growth Trajectory
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Summary
Global organizations are doubling down on digital transformation (DX) efforts, aiming to shift into digital-centric models. The International Data Corporation (IDC) Worldwide Digital Transformation Spending Guide predicts a surge in worldwide DX spending, projecting it to reach a staggering $3.9 trillion by 2027. This ascent will be bolstered by a robust five-year compound annual growth rate (CAGR) of 16.1%. The significance of DX is evident globally, as the United States is poised to contribute 35.8% of worldwide DX spending in 2023. Close on its heels is the Asia/Pacific region, including Japan and China, with a substantial 33.5% share. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is expected to account for 26.8% of global DX spending this year.
IDC
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