Sunday, November 9, 2025
26.3 C
Lagos

Mobile Technologies to Gulp $1.2tr by 2019

Organisations across industries are increasingly leveraging mobility to transform their businesses.

Mobility may have started with the simple concept of shifting employees from being deskbound to being mobile.

Industry-specific applications will be a driving force as businesses look for solutions that can be easily configured to their unique business and vertical requirements.

Key findings from the new report include:

Worldwide, the manufacturing sector represents the largest enterprise opportunity for mobile technologies. The industry’s sizeable economic footprint and global operations create a naturally large market.

Consumer-centric industries such as retail, media, and personal and consumer services are leveraging mobility to engage and connect with their customers to improve their experience, bolster loyalty, and generate larger sales per customer.

There are still numerous concerns around mobility (and all of the other pillar technologies). Security and regulatory issues remain the biggest barrier for mobile technology adoption across industries such as government and financial services.

According to the report, IDC estimates that $901 billion was spent worldwide on mobile technologies in 2014.

Wireless data and smartphones comprised the lion’s share of this spending. The opportunity is forecast to reach $1.2 trillion by 2019.

Excluding consumer spending, the industries expected to spend the most for mobile technologies include discrete and process manufacturing and professional services. Combined, these three segments will represent 17% of the market in 2019. The areas of greatest growth include personal and consumer services, media, and the banking industries.

“More than ever, mobile technologies are empowering workers across industries to connect, collaborate, and create new ways to operate and do business,” said Jessica Goepfert, Programme Director of IDC’s Global Technology and Industry Research Organisation.

“It goes beyond providing a smartphone to liberate the deskbound worker. Instead, it’s about utilising mobile technology to increase sales, improve productivity, and raise customer and employee satisfaction.”

spot_img
spot_img
spot_img

Hot this week

Stanbic IBTC Pension Managers Supports ART X Lagos 2025 to Celebrate African Creativity

As West Africa’s leading art fair, ART X Lagos, marks its...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Sovereign Trust Insurance CEO, Olaotan Soyinka, Preaches Caution, Safety in the Ember Months

Mr. Olaotan Soyinka, Managing Director of Sovereign Trust Insurance...

Lagride Launches Low-Cost Omni to Disrupt Korope Transport in Lagos

Lagos’ leading smart mobility platform has launched the Lagride...

Malta Guinness, TRACE Naija Energise Campuses Across Nigeria with “In The City” Tour

This year’s edition of the annual Trace In The...

Topics

BCG: Fusion of Tech, Human Capabilities Delivers Innovation, Growth for Firms

A new Boston Consulting Company (BCG) research findings published...

Sterling Bank Cleans Up Nigeria

L-R: Executive Director, Commercial and Institutional Banking, Sterling Bank,...

AXA, Jumia Unveil Insurance Policy for Mobile Phones

The insurer, AXA Côte d’Ivoire and Jumia, the ecommerce...

‘Reform or Be Relegated’–Afrinvest Economic & Financial Market Outlook 2017

Executive Summary Against expectations of stronger growth in 2016, the...

Tope Smart to Assume AIO Presidency at 47th Confab in Lagos

Mr. Tope Smart, Group Managing Director/CEO, NEM Insurance Plc...
spot_img

Related Articles

Popular Categories

spot_imgspot_img