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/Virtual Reality, Artificial Intelligence and 5G are expected to accelerate investments in mobility technologies over the next few years. Mobility services

Mobility services, which represents the second largest technology spend, is dominated by mobile connectivity services at over 97% 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%.

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% 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.

The consumer segment will account for more than 84% 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.

• READ MORE: 90% of enterprises ending up with overage charges on their bills each year. You?

While most of the spending in 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 highest five-year CAGR of 8.7% and 8.2% during (2017-22) respectively.

“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 for Future of Work at IDC Asia/Pacific. “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.”

Like this? "Sharing is caring!"