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Digital transformation spend to surge
Double-digit spending expected to continue in Europe until 2026, IDC predicts
European spending on digital transformation is forecast to exceed $550 billion in 2023, up 15.9 per cent on last year, according to new research from International Data Corporation (IDC).
It forecasts that digital transformation spend will continue to grow in double digits until 2026, with a compound annual growth rate (CAGR) of 16.6 per cent for the five-year period beginning 2021.
Spending will be driven by investments in discrete manufacturing, professional services, and process manufacturing. ...