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DIGITAL TRANSFORMATION
A recent survey of directors, CEOs, and senior executives found that digital transformation risk is their #1 concern in 2019.
$1.18 trillion forecast global spend on Digital Transformation in 2019, a 17.9% increase over 2018.¹
Emerging Transformation of Mobile Drivers’ License:
12 US States are in various stages of testing mobile or digital drivers’ licenses. 2
At least 56% of credit cards used in the US will be contactless within three years.
70% of merchants in the U.S. have terminals equipped to process contactless payments. 4
Worldwide spending on the
Internet of Things (IoT) is forecast
to reach $745 billion in 2019 an
increase of 15.4% over the
$646 billion spent in 2018. 5
Consumer IoT spending will reach $108 billion
in 2019, making it the second largest industry segment.
The leading consumer use cases will be related to the
smart home, personal wellness,and connected vehicle. 5
2019 forecast sales of
$29.4 millionin US smart home products, a
23% increase from 2018. 6
Smart city industry is projected to be a
$400 billion market by 2020.
Across the globe, smart city technology spending is
expected to grow to $135 billion by 2021. 9 By 2020, 90% of new cars will be connected. 7
13% of buyers are no longer prepared to even consider a new vehicle without Internet access,
and more than 25% already prioritize connectivity over features such as
engine power and fuel efficiency. 8
48 US States permit electronic copy of insurance card during traffic stop. 3
1. https://bwnews.pr/2LhGzmf
2. https://bit.ly/2UqMYN2
3. https://al.st/2G4Kpv2
4. https://bit.ly/2Y45IXX
9. https://tek.io/2LnCooY5. https://bit.ly/2AvSQws
6. https://bit.ly/32lSHrE
7. https://bit.ly/2XTvBcB
8. https://mck.co/2DTms8L
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