Skip to main content

Mobile-First Enterprise Leaders Drive Innovation Trends

As more CIOs and CTOs adopt mobile-first strategies, mobility solutions revenue from the Asia-Pacific region excluding Japan (APeJ), will record 5.7 percent year-over-year growth, reaching $541.9 Billion in 2018 and $615.4 Billion by 2022.

Spending on mobility-related hardware, software, and services is estimated to achieve a five-year compound annual growth rate (CAGR) of 3.7 percent during the forecast period, according to the latest market study by International Data Corporation (IDC).

Mobility Solutions Market Development

"The region is leading the charge in becoming a mobile-first society. Favorable government policies for mobile payments, healthcare, connectivity and citizen focus services are propelling overall investments in mobile technologies and ecosystem development," said Avinav Trigunait, research director at IDC.

While for many years the mobility discussions focused on tactical issues such as access to resources and device policies, now organizations are focusing on mobilizing business processes and workflows to drive mobile-first experiences for both employees and customers.

Enterprise Mobility today lays the foundation for the future of work, and enterprises now consider mobility as a strategic value driver. These trends along with emerging technologies such as Augmented Reality or Virtual Reality, Artificial Intelligence and 5G wireless are expected to accelerate investments in mobility technologies over the next few years.

Hardware purchases leads software and services with $270.9 billion in 2018 and this trend is likely to continue with a five-year CAGR of 5.2 percent over the forecast period (2017-22). Services and software followed with 49.7 percent and 0.3 percent market share respectively in 2018.

Mobility services, which represents the second largest technology spend, is dominated by mobile connectivity services at over 97 percent of services spending. Overall mobility services spending is expected to reach $288.9 Billion by 2022 and will see a notable rise in spending with a five-year (2017-22) CAGR of 16.2 percent.

Mobility software technology spending will reach $1.7 Billion in 2018 but it is estimated to witness the strongest spending growth out of the three at 25.7 percent CAGR over the forecast period. Mobile enterprise applications will be the largest segment of software followed by mobile enterprise security, Enterprise Mobility Management (EMM) and Mobile Application Development Platform.

Outlook for Mobility Solution Segmentation

The consumer segment will account for more than 84 percent of total mobility spending throughout the forecast period. In the commercial segment, the industries that will drive the largest spending on mobility solutions in 2018 are banking, education and discrete manufacturing.

While most of the spending in the commercial segment will be driven by connectivity and hardware, enterprise mobility services will also be a significant spending category as these industries implement and execute their mobile strategies.

However, mobility spending in process manufacturing and telecommunications industry is expected to deliver the highest five-year CAGR of 8.7 percent and 8.2 percent during (2017-22) respectively.

Popular posts from this blog

Why Healthcare and Smart City Apps Drive 5G IoT

Fifth-generation (5G) wireless technology for cellular networks is a successor to fourth-generation (4G) wireless technology. By 2023, Juniper Research anticipates that there will be over 1 billion 5G connections globally. The technology will provide the data infrastructure for the advancement of wireless communications and for new developments in the Internet of Things (IoT) -- including smart cities and healthcare. 5G IoT Market Development According to the latest worldwide market study by Juniper Research, 5G IoT connections will reach 116 million globally by 2026 -- that's increasing from just 17 million connections in 2023. Juniper analysts predict that the healthcare sector applications and government or other smart city services will drive this outstanding 1,100 percent growth over the next three years. Juniper examined 5G adoption across key industry sectors -- such as the automotive, mobile broadband, and smart homes -- and forecasts healthcare and smart cities will accoun

How Savvy Leaders Re-Imagine Work in 2023

As we look to the year ahead, there will be significant challenges and opportunities facing the Chief Human Resource Officer (CHRO) role. In order to be successful, savvy HR leaders must be prepared to take proactive steps that adapt and evolve. "HR leaders have faced an increasingly unpredictable environment amid many organizations mandating a return to office, permanently higher turnover and burnt out employees," said Emily Rose McRae, senior director at Gartner . HR Innovation Market Development One of Gartner's key predictions for 2023 is that the use of artificial intelligence (AI) and automation will continue to increase within the enlightened digital workplace. This transition will require HR leaders to develop new skills and competencies in order to effectively manage and lead teams that are increasingly relying on these enabling technologies. Additionally, HR leaders will need to ensure that their organizations are investing in the necessary infrastructure and re

Top 10 CFO Priorities Require Rethinking Finance

The Chief Financial Officer (CFO) role is essential to digital business growth. While CFOs do not get closely involved in the tactical details of the digital transformation of their functions, they still recognize its strategic importance. According to the latest survey by Gartner, CFOs are faced with the challenge of balancing the need for substantive digital business innovation with financial cost control and risk management. "CFOs will be stretched thinly across many activities in 2023. The survey revealed a wide range of actions CFOs plan to either lead or be significantly involved with," said Marko Horvat, vice president at Gartner. Survey Findings: The Top Ten Priorities Cost Optimization - Cost reduction remains the top priority for CFOs as they look for ways to cut costs and improve efficiency in their operations. This includes identifying cost-saving opportunities through automation, outsourcing, and business process improvement. Business Continuity - The global C