Forward-looking leaders across the globe continue to apply digital transformation strategies for competitive advantage. The latest release of a regional IDC market study reveals that the recent acceleration in digital investments sets Asia-Pacific ahead of the rest of the world. Investments in new technologies such as artificial intelligence (AI), robotics, Internet of Things (IoT), Augmented Reality (AR), Virtual Reality (VR), and blockchain are expected to contribute close to 40 percent of total ICT investments by the end of the forecast period from around 30 percent in 2020. Digital Transformation Market Development Compared to other regions in the world, this Asia-Pacific upside opportunity is the highest and represents close to 18 percent growth in dollar terms during the IDC forecast period of 2020-2025. "The pandemic induced digital-first shift in the region led to increased investments in new technologies and will continue to do so in the foreseeable future," says Vi...
TMT Market Research Summaries and Analysis