Digital transformation (DX) is the strategic integration of technologies into processes to improve how a business operates and delivers value to customers. DX can include adopting AI, cloud platforms, intelligent automation, and more.
Since the COVID-19 pandemic, companies swiftly adapted to new digital methods. The reason lies in recognizing the immense potential of digital technologies to drive growth and innovation. In fact, DX enables businesses to innovate faster through data analytics, machine learning, etc.
In this article, you’ll find the latest digital transformation statistics and trends. Keep reading to learn more about the DX market, adoption rates, spending, common challenges, and investment facts.
Digital transformation spend continues to surge as organizations prioritize technology investments. Companies are allocating larger portions of their revenue to digital initiatives, with AI and cloud solutions leading the charge. Read on to explore digital transformation statistics on market size and spending.
Discover the essentials of digitalization in business. Read on to learn how companies are embarking on DX initiatives.
Now, let’s discover what drives companies in their DX journey. In this section, you’ll find out what their top priorities and goals are, from core business growth to innovation.
Facing challenges in digital transformation? Let’s explore data for digital transformation difficulties and failure rates.
Our IT specialists at DOIT Software know how to help you.
Share your idea and receive a quote!
From artificial intelligence to hyper-automation statistics, in this section, we’ll take a look at up-to-date digital transformation approaches.
Discover how digital transformation is reshaping interactions with clients. Learn about the integration of AI and how many businesses are creating comprehensive digital customer journeys to enhance the overall experience.
From the surge in digital investments across technology and media to the industrial sector falling behind, each industry has a unique transformation story. Read more to understand the state of digital transformation in different sectors.
77. According to Gartner, by the end of 2025, over 75% of global telecom companies will have fully implemented digital platforms to support operational and customer-facing processes. The adoption of 5G technology alone is set to generate $13.2 trillion in global economic value by 2035, with telecom operators playing a crucial role in enabling this growth.
A significant driver of this digital shift is the adoption of eSIM technology. eSIM providers like Saily eSIM exemplify this trend by offering solutions that allow users to switch carriers without the need for physical SIM cards, enhancing convenience and supporting the rising demand for connected devices. As of 2023, the global eSIM market is projected to reach $978.3 million. This technology not only simplifies the user experience but also reduces operational costs for telecom companies, further accelerating the digital transformation journey.
COVID-19 has accelerated the pace of digital transformation globally. Read the section below to discover how businesses have adapted their strategies to these changes.
The digital transformation statistics above show that the DX market is estimated to grow further. Key areas like AI, machine learning, and cloud computing will be at the forefront of the change.
At present, businesses face multiple challenges, especially budget constraints and change resistance. Still, digital transformation results in the potential for improved productivity, customer experience, and operational efficiency, driving companies worldwide to embrace it.
Are you interested in taking a step toward DX after reading this article? Contact our team at DOIT Software to find the best tech specialists who will accompany you on this journey!
Transform your idea into a successful product with the DOIT Software team.
CONTACT USBusinesses must embrace digital transformation (DX) for several compelling reasons. Firstly, consumers expect a seamless digital experience in today’s market. Companies need to meet these needs or risk losing customers to competitors who do. Secondly, DX helps organizations streamline operations, reduce costs, and increase efficiency. Next, company digitalization supports the management of remote teams and ensures productivity. Lastly, with cyber threats on the rise, DX can accelerate security through advanced protocols and infrastructure.
The digital transformation failure rate ranges from 70% to 95%, primarily due to limited budgets and cultural resistance to change. Additionally, organizations often encounter difficulties in replacing legacy systems, dealing with IT infrastructure complexities, and addressing skill shortages. The failure to align digital strategies with overall business objectives, insufficient stakeholder engagement, and a lack of clear metrics for success also contribute to unsuccessful digital transformation projects.
Digital transformation statistics show that only 35% of businesses have already achieved or going towards reaching digitalization goals.