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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