Global digital transformation spending 2027

In 2023, spending on digital transformation (DX) is projected to reach 2.15 trillion U.S. dollars. By 2027, global digital transformation spending is forecast to reach 3.9 trillion U.S. dollars.

What is digital transformation?

Digital transformation refers to the adoption of digital technology to transform business processes and services from non-digital to digital. This encompasses, among others, moving data to the cloud, using technological devices and tools for communication and collaboration, as well as automating processes.

What is driving digital transformation?

Digital transformation growth is due to several contributing factors. Among these was COVID-19 pandemic, which has increased the digital transformation tempo in organizations around the globe in 2020 considerably. Although the pandemic is over, working from home among organizations globally has not only remained, but also increased, increasing the drive for digital transformation. Other contributing causes include customer demand and the need to be on par with competitors. Overall, utilizing technologies for digital transformation render organizations more agile in responding to changing markets and enhance innovation, thereby making them more resilient.

Spending on digital transformation technologies and services worldwide from 2017 to 2027 (in trillion U.S. dollars)

Characteristic	Spending in trillion U.S. dollars
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Release date

November 2023

More information

Region

Worldwide

Survey time period

2017 to 2023

Supplementary notes

* Forecast.

The Statista estimate is based on values in 2027 and the compound annual growth rate from 2022 to 2027 of 16.1%, which were provided by the source. An exponential development of the market was assumed.

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