International Data Corporation (IDC) has published its last biannual global guide to digital transformation. The study predicts that companies around the world will, during 2019, invest 1.18 billion dollars (about 1.05 billion euros) in their digital transformation. This value represents an increase of 17.9% compared to 2018.
Globally, companies have been making significant investments in technologies and services with the aim of carrying out the digital transformation of their business models, organization, products and services. From a technological point of view, investments in hardware and services will represent more than 75% of all digital transformation spending in 2019.
At the top of these investments will be information technology services, with 154 billion dollars (about 138 billion euros, followed by connectivity services with 102 billion dollars (91 billion euros). Hardware spend will be spread across several categories, including corporate hardware, personal devices, and IaaS infrastructure.
Software spending related to digital transformation will total US$253 billion (€226.5 billion) in 2019. The fastest growing technology categories will be IaaS (35.9% CAGR), application development and deployment software (26.7% CAGR), and business services (26.5% CAGR).
“Digital transformation is fast becoming the biggest driver of new technology investments and projects among companies,” said Craig Simpson, research group at IDC’s Customer Insights & Analysis. “Our study has made it clear that companies that have invested heavily in digital transformation over the last 2-3 years are already reaping the rewards, in terms of faster revenue growth and stronger net profits, compared to companies lagging behind in initiatives. and digital transformation investments.”