Global mobility spending growth to hinge upon healthcare, federal government and retail
IDC's new Worldwide Semiannual Mobility Spending Guide reveals that enterprise and consumer spending on mobile devices, software, and services will see a CAGR of 2.7% to reach $1.85 trillion (£1.29 trillion) by 2019 from $1.66 trillion in 2015. Additionally, worldwide growth in mobility spending will be hinged upon healthcare, federal government and retail sectors.
Chris Chute, vice president customer insights and analysis group at IDC, said: “While mobile device ownership and general app uptake has already impacted consumers and businesses large and small, utilising mobile capabilities to drive wholesale digital transformation in personal and professional spaces continues to represent a growth opportunity for vendors and channel partners.”
Healthcare providers will contribute to most of the growth as regards mobility on account of shifting industry compliance requirements, government healthcare mandates in the US and the requirement for specialised devices, software, and secure storage. IDC projects that spending among global healthcare firms on mobility solutions will see a 7.2% CAGR in the next four years to reach $30 billion by 2019.
Federal and central governments are set to adopt digital transformation (DX) models which will result in growth in mobility spending, in the sector, at a CAGR of 5.7% to reach $30.6 billion at the end of the period.
Though retail has already seen a surge of growth on account of mCommerce, the sector is expected to witness additional expansion, especially in emerging markets, at a CAGR of 5.6%. Mobility will facilitate the connection of the supply chain to customer-facing ordering and will raise profitability for more specialised retailers as the look to compete with mass merchant firms eager to upgrade their in-store infrastructures.
Carrie MacGillivray, IDC vice president, mobile and IoT, said: “Today, mobility is more than just smartphones and apps, it is the lynchpin in driving new consumer behaviours, the future of work, and the digital transformation we are witnessing in real-time.”
You can find more about the report here.
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