Global DX Spending to Reach $1.18 trillion in 2019, says IDC

19d ago
(0 votes)
Global DX Spending to Reach $1.18 trillion in 2019, says IDC Image Credit: IDC

IDC forecasts that global digital transformation (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 DX of their business models, products and services, and organizations, says IDC.

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. 

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). Other use cases that will see investments in excess of $20 billion in 2019 include self-healing assets and augmented maintenance, intelligent and predictive grid management for electricity, and quality and compliance. The use cases that will experience the greatest spending growth over the 2018-2022 forecast period are virtualized labs (108.6% CAGR), digital visualization (53.5% CAGR), and augmented design management (43.9% CAGR).

The United States and China will be the two largest geographic markets for DX spending, delivering more than half the worldwide total in 2019. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Hackers Target Retailers with Credential Abuse Attacks, says Akamai

NEXT POST

Cellular Connected Industrial Machine Shipments to Grow at 43% CAGR till 2025, says Counterpoint

TAD Summit Asia 2019 - Kuala Lumpur

Customer Experience Management in Telecoms World Summit 2019

MWC Shanghai 2019

Network Virtualization and SDN Europe

 

THE EDITOR'S DESK

ON FACEBOOK

ON TWITTER