Latin America Digital Transformation Market Forecast, 2015–2020
According to Frank Gens, IDC SVP and chief analyst, "We are at an inflection point. Over the next three to four years, digital transformation efforts will no longer be 'projects,' 'initiatives,' or 'special business units' for most enterprises". In fact, ICT spending in Latin America is also transforming and this change is closely tied to the maturity and scale that 3rd Platform technologies have reached in more than a decade of being underway and which are now impacting DX initiatives that will become disruptive projects.Historically, IDC has been tracking the correlation between economic growth and IT spending at a macroeconomic level. In fact, over the next three years, between 2016 and 2019, investment in technology related to the 3rd Platform pillars and innovation accelerators will grow at more than five times the rate of overall ICT spending. Total ICT spending in Latin America will reach US$274.2 billion in 2017, 3.9% more than in 2016 at constant dollar rates.