Global Spending on Digital Transformation to Reach $1.18 Trillion in 2019

GlobalDots
1 Min read

Enterprises around the world are making significant investments in the technologies and services that enable the digital transformation (DX) of their business models, products and services, and organizations.

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In the latest update to its Worldwide Semiannual Digital Transformation Spending Guide, IDC forecasts global DX spending to reach $1.18 trillion in 2019, an increase of 17.9% over 2018.

Enterprises around the world are making significant investments in the technologies and services that enable the digital transformation (DX) of their business models, products and services, and organizations.

The two industries that will invest the most in digital transformation in 2019 are discrete manufacturing ($221.6 billion) and process manufacturing ($124.5 billion). For both industries, the top DX spending priority is smart manufacturing, supported by significant investments in autonomic operations, manufacturing operations, and quality.

Retail will be the next largest industry in 2019, followed closely by transportation and professional services. Each of these industries will be pursuing a different mix of strategic priorities, from omni-channel commerce for the retail industry to digital supply chain optimization in the transportation industry and facility management – transforming workspace in professional services. A CAGR of 21.4% will enable the professional services industry to move ahead of transportation in terms of overall DX spending in 2020.

The DX use cases – discretely funded efforts that support a program objective – that will see the largest investment across all industries in 2019 will be autonomic operations ($52 billion), robotic manufacturing ($45 billion), freight management ($41 billion), and root cause ($35 billion).

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