IDC: spending on digital transformation will approach $2 trillion in 2022

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, according to a new update to the International Data Corporation (IDC) Worldwide Semiannual Digital Transformation Spending Guide.

DX spending is expected to steadily expand throughout the 2017-2022 forecast period, achieving a five-year compound annual growth rate of 16.7%.

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