IDC: Spending on Digital Transformation is Forecast to Reach $4T by 2027

Worldwide spending on Digital Transformation (DX) is forecast to reach almost $4 trillion in 2027, according to the latest update to the International Data Corporation (IDC) Worldwide Digital Transformation Spending Guide. With artificial intelligence (AI) and Generative AI pushing investments, the DX market is forecast to grow with a compound annual growth rate (CAGR) of 16.2% over the 2022-2027 period. As organizations continue to prioritize digitalization, DX investments are projected to grow substantially, potentially reaching or even surpassing two thirds of all Information and Communication Technology (ICT) spending by 2027.

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