Major growth drivers of the business transformation market are the increasing penetration of mobile devices and apps and the growing adoption of cloud services. According to Statista Research Dept, between 2020 and 2023 the direct investments into digital transformation are projected to reach a total of 6.8 trillion U.S. dollars. For 2023 alone, the spending on the technologies and services that enable business transformation worldwide is expected to amount to 2.3 trillion U.S. dollars. These investments will further push the global economy towards becoming a digital one, as 65 percent of the world’s gross domestic product is forecast to be digitalized by 2022.
MCX Technologies Focus: Digitizing organizational business functions to serve changing customer preferences and enhance operational efficiency. Small and Medium-sized companies grow at the highest CAGR during the forecast period.