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Digital Transformation Facts #2

1. Digital Transformation Worldwide Spending – “Worldwide spending on the technologies and services that enable the digital transformation (DX) of business practices, products, and organizations is forecast to reach $1.97 trillion in 2022.

2. Customer-centric Organisations – “Three-quarters (75%) of organizations believe themselves to be customer-centric. Only 30% of customers agree.”

3. Worldwide Spending on Robotics – “Worldwide spending on robotics systems and drones will total $115.7 billion in 2019, an increase of 17.6% over 2018.”

4. European Spending on DX – “European spending on Digital Transformation to reach $378.2 billion in 2022 achieving a five-year CAGR of 15.1%.”

5. 3D Scanner Market – “Total value of the 3D scanner market is expected to reach $1.74 billion in 2022 with a five-year CAGR of 11.5%.”

6. DX Success Likelihood – “Organizations with fewer than 100 employees are 2.7 times more likely to report a successful digital transformation than are those from organizations with more than 50,000 employees.”

7. DX for SMEs – “Digital transformation will be a key part of company strategy for 50% of SMEs by 2019.”

8. Workforce Retraining Needs – “60 percent of global executives expect that up to half of their organization’s workforce will need retraining or replacing within 5 years.”

9. DX Goals for SMEs – “Top 3 Digital Transformation goals for SMEs (11 to 500 employees) are improving efficiency/productivity at 60%, reducing costs (39%) and modernizing systems (39%).”

10. IoT Spending through 2026 – “More than 64 billion IoT devices will be installed around the world by 2025. Companies and consumers will spend nearly $15 trillion on IoT devices, solutions, and supporting systems through 2026.”