Skip to main content

Global Mobile Markets Revenue will Reach $1.67 Trillion

Worldwide mobility revenues are forecast to reach $1.57 trillion in 2017 -- that's an increase of 2.6 percent over 2016, according to the latest market study by International Data Corporation (IDC). Purchases of mobile hardware, software, and services will achieve a CAGR of 2.1 percent over the 2015-2020 forecast period -- eventually reaching $1.67 trillion in 2020.

Connectivity services will represent the largest category of mobility spending in 2017. Combined, connectivity and hardware will deliver more than 95 percent of all mobility revenues this year, with roughly two thirds coming from the consumer market.

Most of the remaining revenues will come from enterprise purchases of mobility services, applications, application development platforms, and security.

Global Mobile Market Development

Although hardware and services dominate mobility spending overall, apps and application development platforms represent the fastest growing areas of mobility with five-year CAGRs of 17.3 percent and 20.3 percent respectively.

"Mobility has moved from niche and novelty usage in business to a core end-user computing technology for enterprise workforces," said Phil Hochmuth, program director at IDC. "While devices and apps transform how workers do their jobs, mobile app platforms and services create entire new business models and customer interaction opportunities."

Banking, discrete manufacturing, and professional services will be the three commercial industries making the largest mobility investments in 2017 ($166.3 billion combined) and throughout the forecast period.

All three industries will make significant investments in application development platforms, applications, and the enterprise mobility services that support the planning, development, and final consumption of services through a mobile device.

The telecommunications industry will deliver the fastest spending growth over the 2015-2020 forecast period (4.2 percent CAGR), followed by process manufacturing, healthcare providers, and construction. Consumer mobility spending is forecast to deliver a CAGR of 2.5 percent.

Small offices with 1 to 9 employees will deliver the largest share of global mobility revenues, as these businesses purchase mobile devices, connectivity services, and mobility services as an affordable alternative to traditional IT solutions. Small offices will also deliver the fastest spending growth with a five-year CAGR of 2.6 percent.

Large and very large businesses (more than 500 employees) will invest more than $2.7 billion this year in mobile application development platforms and mobile applications as they seek to enhance worker productivity and provide new capabilities to customers and partners.

Outlook for Mobile Communications Growth

From a regional perspective, Asia-Pacific (excluding Japan), led by strong investments in China, will be the largest overall mobility market in terms of revenues, which are forecast to exceed $500 billion in 2018.

The U.S. market represents the second largest region, followed by Western Europe. Latin American is forecast to deliver the fastest revenue growth (4.1 percent CAGR) while Asia-Pacific (excluding Japan) and the Middle East and Africa (MEA) will also see revenue growth greater than the overall market.

Popular posts from this blog

Digital Transformation for the Oil and Gas Sector

The savvy CEOs of multinational organizations will accelerate their investment in digital transformation projects in 2022, and beyond, to improve their competitiveness. Every industry leader that is forward-looking will act swiftly to grasp the upside opportunity. Global oil & gas companies face a myriad of operational, commercial, and existential security threats. According to the latest worldwide market study by ABI Research, oil & gas firms apply digitalization to combat these threats and will spend $15.6 billion on digital technologies by 2030. Oil & Gas Digital Apps Market Development Investments in digitalization can help to analyze a supply pipeline’s condition, prepare for fluctuations in the changing prices for oil and gas, as well as aid action plans to create more sustainable operations and transfer to producing renewable energy sources. "Safety and Security are top priorities for oil & gas operators. Data analytics allied with IoT platforms have become

The Fastest-Growing Mobile Opportunity in 2022

The number of mobile communication subscriptions worldwide is currently estimated at 8 billion, with 6 billion on smartphone connections, from a user base of 5.9 billion unique subscribers among a global population of 7.9 billion. Fifth-generation (5G) mobile service subscriptions using a compatible device significantly grew during the COVID-19 pandemic, but 4G connections remain the dominant force within the global telecom service provider sector. While the use of mobile phones is common throughout developing nations, 4G services are still an emerging technology in many parts of the world. Overall, 5G subscriptions will likely grow from 580 million at the end of 2021 to 3.5 billion by the end of 2026. 5G Mobile Market Development According to the latest worldwide market study by Juniper Research, revenue generated from 5G mobile services will reach $600 billion by 2026 -- representing 77 percent of global network operator-billed revenue. The adoption of 5G services across consumer and

2022 Tech Trends Outlook: What Happens Next?

This year may very well be another period of unprecedented challenges and opportunities. In 2022, several highly anticipated technology-related advancements will NOT happen, according to the predictions by ABI Research. Their analysts identify many trends that will shape the technology market and some others that, although attracting huge amounts of pundit speculation and commentary, are less likely to advance rapidly over the next twelve months. "The fallout from COVID-19 prevention measures, the process of transitioning from pandemic to endemic disease, and global political tensions weigh heavily on the coming year's fortunes," said Stuart Carlaw, chief research officer at ABI Research . What Won’t Happen in 2022? Despite all the headlines and investments, the metaverse will not arrive in 2022 or, for that matter, within the typical 5-year forecast window. The metaverse is still more of a buzzword and vision than a fully-fledged end goal with a clearly defined arrival d