Saturday, November 29, 2025
27.2 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

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

Dangote Contracts Honeywell for Major Refinery Capacity Upgrade to 1.4m BPD

Dangote Group is pleased to announce that it has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

NNPC Declares ₦5.4tn Profit After Tax

NNPC Limited has announced its financial performance for the...

Stanbic IBTC Unveils Digital Lending Suite to Enhance Access to Credit

Stanbic IBTC Bank, a member of Standard Bank Group,...

Topics

Will Islamic Finance Power Growth in Sub-Saharan Africa?

As home to a quarter of the world’s Muslims,...

NCC to Subscribers: Don’t Link Your NIN to Another Person’s SIM

The Nigerian Communications Commission (NCC) has strongly warned telecoms consumers...

NCDMB, Petroleum Commission Ghana Begin Technical Co-operation

In furtherance of its long-standing support to African oil...

Oando Joins African Energy Week 2023 as Platinum Sponsor, Clean Energy Partner

    The African Energy Chamber (AEC) is pleased to announce...

NLNG Seeks Collective Action to Address Nigeria’s e-Waste Challenge

The Head of Environment at Nigeria LNG Limited (NLNG),...

#NoNoiseJustSigns: Access Bank Unveils N200m DiamondXtra Season 17 Program to Reward Customers

L–R: Echezona Ezeuko, Regional Sales Manager, Festac Region, Access Bank...

Stanbic IBTC Bank Secures CNY800m Term Loan Agreement with China Development Bank

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...

Sterling Refreshes Doubble, Introduces Money Market Investment Offering for Customers

Doubble, Sterling Bank Limited's cutting-edge investment platform, is pleased...
spot_img

Related Articles

Popular Categories

spot_imgspot_img