Investments in the technologies to enable digital transformation (DX) are "significant," IDC reports-- and are set to globally reach $1.18 trillion in 2019, an increase of 17.9% over 2018.
"Worldwide DX technology investments are expected to total more than $6tr over the next 4 years," the analyst continues "Strong DX technology investment growth is forecast across all sectors, ranging between 15% and 20%, with the financial sector forecast to be the fastest with a CAGR of 20.4% between 2017 and 2022."
The 2 industries investing most in DX in 2019 are discrete manufacturing ($221.6 billion) and process manufacturing ($124.5bn). For both industries, the top DX spending priority is smart manufacturing, supported by significant investments in autonomic operations, manufacturing operations and quality. Retail is the next largest industry in 2019, followed closely by transportation and professional services.
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