15+ Digital Transformation Statistics To Change The Way You See 2022
Updated · May 20, 2022
The Coronavirus pandemic changed the digital transformation strategies of many businesses. For most of them, it sped up the adoption of artificial intelligence and machine learning technologies.
How did this affect the industry?
Let’s check out the most recent digital transformation statistics to find out.
Game-changing Digital Transformation Stats (Editor’s Choice)
- In 2018, 70% of companies were already working on a digital transformation strategy.
- 89% of 2018 survey respondents planned to go digital-first.
- Digitally mature companies are 23% more profitable than their less mature peers.
- Only 16% of employees think their digital transformations have improved performance and are sustainable.
- The global spending on digital transformation in 2020 was $1.3 trillion.
- The digital transformation industry is expected to reach $2.39 trillion in 2024 and $3.3 trillion in 2025.
- 13% of the workforce will work primarily from a physical office from 2022 onward.
Digital Transformation Statistics for 2022
It’s 2022 and we’re still talking about Covid-19. All the same, we can’t discuss this topic without mentioning it.
Let’s see what technology adoption statistics before and after the pandemic indicate.
1. The global spending on digital transformation in 2020 equaled $1.3 trillion.
This is the consequence of a 10.4% year-on-year increase.
Statistics on technology growth and the rapid adoption of cloud computing show that the global spending for digital transformation was $0.96 trillion in 2017. It hit exactly one trillion in 2018 and reached $1.18 trillion in 2019.
2. 51% of companies undergoing digital transformation are pursuing growth opportunities.
Nowadays, technology and businesses go hand in hand.
Digital transformation can make both routine and complex tasks easier. Plus, if successful, it can have huge returns.
That alone is enough to motivate companies to integrate technology into their business.
3. Around 93% of companies believe that intelligent technology is crucial for digital transformation.
The 2019 SAP survey gathered data from over 740 companies undergoing digital technology transformation.
92% of the companies were implementing or already using the internet of things, 78%—AI, and 77%—machine learning.
AR and VR practices were implemented by 70% of responders, and blockchain—by 68%.
4. 41% of companies investing in digital transformation don’t conduct thorough customer research beforehand.
Digital transformation isn’t always successful, but is it because of the practice itself?
Altimeter’s digital transformation market stats showed that 41% of companies didn’t do adequate research before investing in it.
Conducting such a complex project without the necessary preparation dooms it to failure.
5. 28% of companies consider digital transformation expensive.
Digital transformation statistics suggest that the lack of preparation isn’t the only reason for the failure of this practice.
This is a very expensive process. According to 28% of companies, this is a costly investment without a guarantee for success.
6. In 2020, the use of digital health support tools increased by 15%.
Again, this is mainly a consequence of the pandemic. Patients started making appointments online more often, which incentivized the digital shift in the medical world.
7. 37% of consumers plan to use telehealth in the future.
Consumers that use digital health support tools are still in the minority. That said, statistics about technology use in healthcare suggest most people have a positive attitude toward them.
37% of respondents in a McKinsey survey haven’t used such tools but would like to try them in the near future.
Digital Transformation Management Statistics
We covered the faults in the implementation of technology in business. Now, let’s see the workforce and digital transformation statistics when the change is properly managed.
8. 53% of survey respondents reported an increase in digital transformation budgets between 2016 and 2017.
Past research shows that, even five years ago, this process was on the rise.
Digital transformation stats demonstrate that over half the companies were at least preparing for the implementation of new technology.
9. 70% of companies in a 2018 survey had or were working on a digital transformation strategy.
Technology growth statistics revealed that 70% of businesses were either fully prepared or were getting ready for this process.
This shouldn’t come as a surprise. After all, online shopping was popular even before Covid.
10. A 2018 study shows 89% of companies planned to go digital-first.
In spite of the seemingly high interest, though, digital transformation stats show that only 44% of companies have already undergone this change.
That said, don’t forget that these statistics about technology are from 2018. The numbers are much bigger now.
11. Just 16% of employees believe that digital transformation is both effective and sustainable.
A 2018 McKinsey study sheds light on some of the main digital transformation challenges. For starters, it is not an easy strategy to implement and maintain in the long term.
In fact, sustainability seems to be a key factor. 7% of respondents claim digital transformation improved organizational performance, but the effects were only temporary.
12. Only 55% of executives believe their organization has the necessary tech skills to fulfill its mission and goals.
In addition, only 53% of organizations include the digital and IT components in their business plan.
And if a company doesn't have a comprehensive digital strategy, it can’t go through digital transformation successfully.
13. 45% of highly digitally mature companies reported higher than the industry average revenue growth.
Digital maturity measures how much value a company can create through digital means.
This largely determines the success of digital transformation strategies. Plus, it is related to customer satisfaction, revenue growth, and other performance indicators.
Digital transformation statistics show that 31% of companies with medium digital maturity reported higher-than-average profit margin and revenue growth.
In comparison, only 15% of low digital maturity companies have above-average performance.
Digital Transformation Trends
Although some companies still take it with a grain of salt, digital transformation is gaining popularity.
What does the future hold for the industry?
Let’s take a look at the technology adoption trends and predictions to find out.
14. The global spending on digital transformation will reach $2.39 trillion in 2024.
As we mentioned, digital stats revealed that the year-on-year increase in digital transformation spending was 10.4% in 2020. However, this number grows exponentially.
Global spending is estimated to reach $1.78 trillion in 2022, followed by a huge jump to $2.3 trillion in 2023. In comparison, the 2024 increase seems insignificant.
15. By 2025, the digital transformation industry is expected to grow to $3.3 trillion.
That is if it maintains the compound annual growth rate of 23% that experts predicted in 2019.
It remains to be seen whether these statistics on technology growth will turn out to be true.
16. Organizations utilizing digital transformation tools will contribute $53.3 trillion to the global GDP by 2023.
That’s more than half of the global GDP!
In comparison, the same number was just $13.5 trillion in 2018 and $23.2 trillion in 2020.
It’s expected to be around $44.6 trillion in 2022. If it keeps expanding at the same rate, reaching $53.3 trillion will be a piece of cake.
17. From 2022 forward, 13% of the workforce is expected to work in a physical office.
According to Statista’s workforce and digital transformation statistics from November 2020, the number of people working primarily from a physical office did not change after the pandemic struck.
However, the number of people working from a non-office physical facility decreased from 68% to 33%.
18. Organizations expect 23% of their workforce to work from home from 2022 onward.
After the pandemic stroke, the number of people working from home increased from 3% to 36%. Although that percentage is expected to decrease, it’ll still be marginally more than pre-pandemic levels.
A lot of the companies that underwent digital transformation will continue taking advantage of the benefits that come with this even after it is not required.
That’s all we have for today’s episode of modern trends. We hope that these digital transformation statistics will help you adjust to today’s ever-shifting standards.
Stay tuned for more interesting stats!
Unaware that life beyond the internet exists, Nick is poking servers and control panels, playing with WordPress add-ons, and helping people get the hosting that suits them.