As the COVID-19 pandemic expanded around the world this year, digital transformation went from being a steady evolution to an absolute imperative, accelerated by a suddenly remote workforce and the realization that the network (especially user access to data, services, and applications) and its security are the lifeblood of business.
Even as businesses continue to traverse the challenges of the pandemic and remote working, they are building on digital transformation strategies and investments so they can rebound to recovery. According to IDC, investment in digital transformation has been accelerated by the events of the last year, and it will continue to grow at compound annual growth rate (CAGR) of 15.5% from 2020 to 2023, approaching $6.8 trillion.
