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Some important numbers on digital transformation in 2023

30

Dec. 22

96

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It’s difficult to predict exactly what the numbers will look like for digital transformation in 2023, as the rate of change in the tech industry is constantly evolving. However, here are a few key numbers that may be relevant to digital transformation in 2023:

1. The global digital transformation market is expected to reach $1.97 trillion by 2023, according to a report from MarketsandMarkets. This represents a compound annual growth rate (CAGR) of 22.1% from 2018 to 2023.

2. The global cloud computing market is expected to grow at a CAGR of 20.4% from 2018 to 2023, reaching a value of $623.3 billion by 2023, according to a report from MarketsandMarkets. Cloud computing is a key enabler of digital transformation, as it allows companies to access powerful computing resources on an as-needed basis.

3. The global market for artificial intelligence (AI) is expected to reach $190.61 billion by 2025, according to a report from Mordor Intelligence. AI is expected to play a major role in digital transformation in the coming years, with applications in areas such as automation, analytics, and customer service.

4. The global market for big data and business analytics is expected to reach $274.3 billion by 2022, according to a report from MarketsandMarkets. Big data and analytics are crucial tools for companies looking to understand and optimize their operations as part of their digital transformation efforts.

Overall, it’s clear that digital transformation will continue to be a major force in the tech industry in 2023 and beyond. Companies that are able to effectively leverage new technologies and approaches will be well positioned for success in the digital age.

Author

Lets Nurture
Posted by Lets Nurture

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