Spending on Digital Transformation (DX) forecast to reach $4 trillion: IDC

Worldwide spending on Digital Transformation (DX) is forecast to reach almost $4 trillion in 2027, according to International Data Corporation (IDC).
IDC report on Spending on Digital TransformationThe Digital Transformation spending is forecast to grow with a compound annual growth rate (CAGR) of 16.2 percent over the 2022-2027 period.

Digital Transformation spending will be reaching or even surpassing two thirds of all Information and Communication Technology (ICT) spending by 2027.

“DX spending represents a bigger market compared to the non-DX portion of ICT spend. Digital business investments are ramping up even faster with the advent of Generative AI,” said Angela Vacca, senior research manager with IDC’s Data & Analytics Group.

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