Digital Transformation

• [New] Cloud-native technology will continue to power digital transformation: by the end of 2021 60% of companies will leverage containers on public cloud platforms.
• [New] Between 2020 and 2023 the direct investments into digital transformation are projected to reach a total of 6.8 trillion U.S. dollars.
• [New] Digitally empowered and diverse ecosystem: India has always had a diversified economy and the accelerated pace of digital transformation across key sectors will drive recovery over 2022.
• [New] The digitalization of processes and businesses will continue to grow at full speed in the coming years, with USD 6.8 trillion being directed into digital transformation investments until 2023.
• [New] The United States will add approximately 6 million jobs over the next ten years, and manufacturers, in their digital transformations, will focus on supporting employees in learning new skills more aligned with digital transformation.
• [New] Spending on technologies and services that enable digital transformation of business practices, products, and organizations is expected to reach $2.3 trillion in 2023.
• Digital transformation - Shaping the future of European healthcare, Europe is expected to be short of 4.1 million healthcare workers by 2030.
• Global spending on digital transformation technologies and services such as artificial intelligence and machine learning is forecast to grow an annual 10.4% to $1.3 trillion in 2020.
• Global spending on digital transformation technologies and services will grow 10.4% in 2020 to $1.3 trillion.
• A decade's worth of digital transformation occurred within the space of a few months during 2020, with organisations now presented with a slew of innovative products and services that will underpin their rapid adaption as the digital revolution advances.
• By the end of 2021, we expect 30% of Global 2000 companies to have a significant digital product portfolio and 20% to stand up digital divisions dedicated to launching disruptive products to accelerate their transformation to full ecosystem participation.
• IDC expects to spend on technologies and services that enable the digital transformation of business practices, products and organizations to reach $1.3 trillion in 2020.
• By 2022, 70% of all organizations globally will have accelerated their use of digital technologies, transforming existing business processes to drive customer engagement, employee productivity, and business resiliency.
• More than half of companies reported that they would increase investment in digital transformation in mainland China in 2021, of which 25% would increase by up to 10% of current levels of digital investment and 18% by 11-25%.
• By 2023, 75% of organizations will have comprehensive digital transformation (DX) implementation roadmaps, up from 27% today, resulting in true transformation across all facets of business and society.
• An open digital health ecosystem can spur a fundamental transformation in India's healthcare system and unlock economic value worth over $200 billion by 2030.
• Internet of Things had the largest share of the overall digital transformation market in 2019, but AR/VR technology is predicted to have the fastest growth until 2025.
• The Middle East's Leisure Entertainment and Amusement Industry that is undergoing digital transformation will be the fastest in the world to recover from the Covid-19 pandemic early next year.
• Spending on digital transformation technologies and services is forecast to grow 10.4% worldwide in 2020 to an eye-watering US$ 1.3 trillion, despite challenges from the COVID-19 pandemic.
• Hyperautomation is one of the top 10 strategic technology trends in 2020 and it has great scope to transform businesses and drive significant opportunities over the next 5 to 10 years.
• Edge application intelligence will blossom in 2021 to accelerate digital transformation, especially in industries that must bridge the physical and digital worlds in real time.
• Despite a global pandemic, direct digital transformation (DX) 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.
• Edge computing is going to grow over the next two years with companies turning to cloud hosting for capacity, with a 33% greater adoption for data centre capacity supporting stores and a 87% greater adoption for data centre capacity supporting distribution centres.

Last updated: 17 January 2021