50 Digital Transformation Statistics and Trends 2024 - Docsumo

Growth of the global digital transformation market: The growth trajectory of the … Investment in digital transformation: Global spending on digital transformation … Projected impact by 2025: As per the World Economic Forum, the global … Integration of artificial intelligence: Approx 89% of large companies globally have … Unrealized potential: Companies adopting digital transformation have only …

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50 Digital Transformation Statistics And Trends 2024 - Docsumo

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United States Digital Transformation Market 2024-2029:

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5 days ago · The United States Digital Transformation Market is estimated at USD 0.55 trillion in 2024, and is expected to reach USD 1.38 trillion by 2029, growing at a CAGR of 20.20% …

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Digital Transformation 2024: Trends And Key Statistics

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1 day ago · Another study shows that 22% of IT leaders cite skill shortages as a key barrier to adopting new technologies (Veeam in Statista, 2023).; Poor data management is another …

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FAQs about 50 Digital Transformation Statistics and Trends 2024 - Docsumo Coupon?

What are the digital transformation trends for 2024?

Future digital transformation trends for 2024 include Generative AI (GenAI), Risk and Security Management (TRiSM), and industry cloud platforms (ICPs). 36. Due to digitalization, 29% of organizations report that they have created a data security strategy in 2023. 41% are currently in the development process, and 23% are only at the planning stage. ...

How big is the digital transformation market?

The digital transformation market is set to experience substantial growth, with a projected CAGR of 23% between 2019 and 2025, reaching a market value of USD 3.3 trillion (Source: IDC). As organizations prioritize their digital transformation strategies, key trends emerge. ...

What are the top digital transformation challenges in 2024?

Here’s a complete list of top digital transformation challenges: According to IT decision-makers, cyber threats (24%), ESG goals (24%), and skills shortage (22%) are among the top challenges preventing progress with digital transformation initiatives at organizations in 2024. ...

How much is digital transformation spending in 2024?

Digital transformation spending reached $2.5 trillion in 2024 and is set to reach $3.9 trillion by 2027. Forecasts indicate that the digital transformation market will achieve a five-year CAGR of 16.2% from 2022 to 2027. The US and Western Europe accounted for over half (58.5%) of global digital transformation spending in 2023. ...

What are the key trends in digital transformation?

As organizations prioritize their digital transformation strategies, key trends emerge. Seventy percent of surveyed organizations identify leveraging technology to simplify workflows and manual processes as their top priority, indicating a focus on operational efficiency (Source: Quixy). ...

Will businesses spend trillions on digital transformation by 2026?

Looking into the business landscape, it’s evident that businesses worldwide are gearing up to spend trillions on digital transformation by 2026. It’s not merely about spending money; it’s a strategic move for businesses to not only survive but thrive in the digital age. Now, as we cast our gaze on 2024, what lies ahead? ...