Strong Spending in Digital Transformation Remains

IDC has released a report that the budget spend on digital transformation has not been as largely impacted as originally predicted with the COVID19 impact. In fact, global spending on DX technologies and services is forecast to grow 10.4% in 2020 to $1.3T. (Check out New IDC Spending Guide Shows Continued Growth for Digital Transformation in 2020).

The industries expected to see the strongest growth are:

  • Construction (16.3%)
  • Healthcare (15.7%)

Managers are instead focusing on making smarter decisions about how to best optimize their engineering software spends and environments.

Here at TeamEDA, we have seen a similar trend – we are still having daily conversations about how companies can better manage their engineering licenses and monitor usage. We have helped many companies save an average of 20% on their engineering software spend.

Many companies are realizing the value of an engineering license monitoring tool. They also understand how crucial it is to make intelligent decisions about their engineering software. Many larger companies are also considering the impact cross-enterprise.

Ask us how we can help you bring more transparency, visibility and reduce costs of your engineering software.

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