Across the globe, more CEOs and CIOs are attempting to capitalize on digital business transformation initiatives, to create a progressive environment that delivers a strategic competitive advantage. Likewise, vendors seek to offer the cloud, mobility and social commerce solutions that these companies require. Worldwide spending on digital transformation (DX) technologies will grow to more than $2.1 billion in 2019 with a compound annual growth rate (CAGR) of 16.8 percent, according to the latest market study by International Data Corporation (IDC). According to the IDC assessment, spending on DX technologies within the United States market will follow a similar trajectory, reaching nearly $732 million in 2019. IDC defines digital transformation as the continuous process by which enterprises adapt to or drive disruptive changes in their customers and markets (external ecosystem), by leveraging digital competencies to innovate new business models, products and/or services. Transf
TMT Market Research Summaries and Analysis