Author: dsellers

Worldwide spending on digital transformation (DX) technologies (hardware, software, and services) is expected to be nearly $1.3 trillion in 2018, an increase of 16.8% over the $1.1 trillion spent in 2017, according to IDC (www.idc.com).

The research group forecasts DX spending to maintain a strong pace of growth over the 2016-2021 forecast period with a compound annual growth rate (CAGR) of 17.9%. In 2021, DX spending will nearly double to more than $2.1 trillion.

The majority of DX spending in 2018 ($662 billion) will go toward technologies

The worldwide IT security market maintained momentum in quarter three (Q3) of 2017, growing 9% to reach $8 billion, according to the latest Canalys (www.canalys.com) estimates.

“High-profile ransomware attacks and increasingly sophisticated phishing techniques have proved the need for businesses to reinforce their IT security to safeguard data assets and ensure continuity of operation,” said Claudio Stahnke, an analyst at the research group.

2020 will be a pivotal year in AI-related employment dynamics, according to Gartner, Inc. (www.gartner.com), as artificial intelligence (AI) will become a positive job motivator.

The research group says the number of jobs affected by AI will vary by industry; through 2019, healthcare, the public sector and education will see continuously growing job demand while manufacturing will be hit the hardest. Starting in 2020, AI-related job creation will cross into positive territory, reaching two million net-new jobs in 2025.