Global Enterprises to Spend $1.2T in 2019 on ‘Digital Transformation,’ Says IDC
Businesses worldwide will spend nearly $1.2 trillion this year on “digital transformation” as they seek a competitive edge, said IDC Tuesday. “Discrete manufacturing” ($221.6 billion) and “process manufacturing” ($124.5 billion) are the two industrial sectors expected to invest the most…
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in digital transformation. Each will pursue “a different mix of strategic priorities, from omni-channel commerce for the retail industry to digital supply chain optimization” for the logistics industry, it said. It estimates hardware and services investments will be more than 75 percent of 2019 digital transformation spending.