Through Digital Transformation (DX), forward-looking organizations seek to create new sources of value through digital products, services and experiences. In addition, companies that are ahead of digital transformation have been proven during the pandemic to be more resilient to market shocks than companies that are lagging behind. organizations play. In 2026, $3.4 trillion will be spent globally, promising a CAGR of 16.3 percent, according to the latest International Data Corporation (IDC) forecast (Worldwide Digital Transformation Spending Guide). More than 20 percent of DX’s investment will be directed towards innovation, scale and operations, including enterprise areas such as supply chain management, engineering, research and development, and manufacturing.
Transformation of titanium production
Companies will spend more than 15 percent of their DX budget on back office support and infrastructure and 8 percent on customer service. In its guidance, IDC has identified more than three hundred use cases for DX, of which digital twins and claims processing supported by robotic process automation will grow over the forecast period by an average of 35.2 and 31 percent, respectively, annually.
Globally, discrete manufacturing and process industries will be the largest investor in DX, the pair will account for almost 30 percent of total spending by 2026 with use cases such as robotic manufacturing processes, automated operation, monitoring self-healing devices. and, among other things, maintenance with support for augmented reality. After them, in order, professional services and trading players will spend the most on their digital transformation, among which the already mentioned back-office support and infrastructure will be the most popular use cases for DX. However, over the forecast period, players in the securities and investment services, as well as the banking and healthcare sectors, will increase their spending at the fastest pace.
The United States will be the largest market for digital transformation geographically, with an estimated 35 percent share of the total market, and organizations’ DX spending will exceed $1 trillion as early as 2025. Western Europe may be in second place, but according to the analyst, the average annual growth of DX investments will be most dynamic in China (18.6%) and Latin America (18.2%).
Attractive Data Management
According to another recent IDC report (Worldwide Semiannual Enterprise Infrastructure Tracker: Workloads, 1H22). To support workloads, organizations spent $6.3 billion on servers and storage in the first six months, representing 8.5 percent of the total market. At the same time, it is the most mature workload in the field, with related investments increasing by 2.2 percent per year.
The fastest rate of market expansion was measured by an analyst in Unstructured Database and AI Lifecycle Management for these two workloads, hardware infrastructure spending grew by 52.9% and 40.2%, respectively, compared to the first half of last year. However, overall, organizations continue to spend the least on server and storage infrastructure with unstructured databases at $2.3 billion, while AI lifecycle management, including AI learning platforms, has raised $4.4 billion. dollars
Looking to the full year of 2022, organizations will need to support data management, which includes five workloads: AI lifecycle management, business intelligence and analytics, structured database and data management, text and multimedia analytics, as well as unstructured databases, the necessary servers and storage infrastructure. will spend the most, $41.1 billion. This market segment will maintain its leading position with an average annual growth of 9 percent until 2026, when its size will reach $56.3 billion. Loads related to unstructured data and artificial intelligence will provide the biggest driving force for growth.
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