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.”

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COVID-19: Ecobank Nigeria Supports States with Food Items

Ecobank Nigeria has donated food items to several state governments across the country as contribution to various initiatives aimed at cushioning the effect of the current lockdown on citizens. These palliatives are targeted at the most vulnerable members of the society who have been the hardest hit economically as a result of the current crises. Speaking in Lagos, Executive Director Commercial Banking, Ecobank Nigeria, Carol Oyedeji said this action would also go a long way in supporting members of the community who earn a daily wage and may not have the opportunity of working under the present environment. She noted that the donations are part of the bank’s Corporate Social Responsibility (CSR) and focused on providing support as best as possibleShe remarked that “as a bank we give strong priority to people’s welfare. We are determined to assist ordinary Nigerians during the current difficulties and this is one of the ways we are achieving this. We are also offering concessions to our SME Lending customers at this time given the strain on their cashflows and creating ease for the general public to transact digitally while at home”. Ecobank Group has so far contributed over US$3 million to the fight against COVID-19 across its footprint in Africa in line with the Bank’s commitment to the Region. The Institution is supporting governments, the World Health Organisation (WHO) and partnering with private sector operators to alleviate the effect of the pandemic on citizens. These have been in the form of cash, healthcare equipment, donation of supplies, awareness campaigns while also using digital platform to provide funds to beneficiaries of various funds being distributed. The Bank is particularly mindful of the needs of its communities and remains committed to providing the appropriate support required.    

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