Sunday, September 8, 2024
22.7 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

Hot this week

NAICOM Boss Visits Aviation Minister to Discuss Issues of Industry Growth

The Commissioner for Insurance and Chief Executive of the...

$1tn Economy: Experts to Discuss Insurance, Pension Impact at NAIPE Confab

The Nigerian Association of Insurance and Pension Editors (NAIPE)...

Guinea Insurance Reports ₦477.7m Profit in FY 2023

Guinea Insurance Plc has reported a significant 49.4% increase...

Polaris Bank, NCF take Tree Planting Initiative to Kano State

Polaris Bank Limited has taken its tree planting initiative...

Topics

Orange, Google Partner on Mobile Internet Services in Africa, Middle East

Orange announces a new partnership with Googleâ„¢ to bring...

IATA to Africa: Adopt Global Carbon Emissions Standard

The International Air Transport Association (IATA) is urging African...

Emirates Skywards Celebrates 20th Anniversary, 27m Member Milestone

Emirates Skywards, the award-winning loyalty programme of Emirates and...

Stock Market Statistics: Tuesday, 17th October 2017

Market Cap (N'bn)               12,622.3 Market...

Standard Alliance Insurance Demands N10bn Damages from NIA over Expulsion

Omotayo Awodiya Managing Director/CEO Standard Alliance Insurance Plc Standard Alliance Insurance Plc...

TagPay Wins Kalahari Award for Mobile Financial Services in Africa

Tagattitude, the innovative French FinTech has won a Kalahari...

Almond Awards: Continental Re, NEM, Anchor in Contention as Voting Ends Oct 20

The 2023 Almond Insurance Industry Awards Panel of Judges...

NIA Plans Greater Contribution of Insurance to Economy

The Nigerian Insurers Association (NIA) says it is working...
spot_img

Related Articles

Popular Categories

spot_imgspot_img