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Digital Transformation Facts #5

1. Electric Cars and Electricity Demand – 2050 Forecast – “By 2050, electric cars will account for 9% of electricity demand globally.”

2. Digital Transformation Worldwide Spending Forecast 2019-2023 – “The worldwide spending on digital transformation products and services expects to reach $1.8 trillion in 2019, a rise of 18% from 2018.”

3. Digital Transformation in Manufacturing Forecast 2019-2024 – “Digital Transformation in Manufacturing Market is expected to register a CAGR of over 15.59% during the forecast period 2019 – 2024.”

4. Digital Transformation in the Middle East – “45% of Middle East organisations said they are embarking on digital transformation, 33% already have a well-established strategy, while 21% have not yet started a digital transformation.”

5. Luxury Goods Market and Chinese Consumers – “Chinese citizens will account for 40% of luxury goods consumers by 2024. 77% of Chinese consumers used their mobile phone for their last online purchase.”

6. Digital Transformation Spend to Exceed $375B in APAC (2019) – “APAC organisations will spend over $US375 billion on digital transformation this year with a five year CAGR of 17.4 per cent to 2022.”

7. Asia-Pacific digital transformation 2019 Projection – “China will be the largest geographic market for digital transformation spending in the Asia-Pacific by delivering more than 60% of the region’s total spend in digital transformation-related activities to conjure up $375.8 billion in spending from organizations in the Asia-Pacific region.”

8. 2019 Digital Transformation and Industry Spending Forecast – “The use cases that will see the largest investment across all industries in 2019 will be autonomic operations – $25.5 billion; robotic manufacturing – $25.2 billion; root cause – $16.5 billion; and freight management – $13.8 billion.”

9. 2020 Digital Transformation Investments – “Almost 70% of CFOs expect to increase investments in digital transformation by more than 20% at the end of Q1 2020.”

10. 2020 Digital Transformation Investments in Healthcare – “79% of health system CFOs and 89% of senior finance officers will increase investments in digital transformation by the end of 2020.”

Digital Transformation Facts #5