IDC: Global mobility solutions spending to reach $1.6tn in 2018
According to a new report from the International Data Corporation, global technology spending on mobility solutions is expected to rise 3.2% throughout 2018, reaching over $1.6tn.
The IDC’s Worldwide Semiannual Mobility Spending Guide further shows that this growth is expected to largely be maintained, with a forecast compound annual growth rate (CAGR) of 2.8% through 2021, with the market expected to surpass $1.7tn within this period.
“The new mobility use cases and technology adoption in enterprises is driving growth in all three facets of the market, from devices to software and services,” said Phil Hochmuth, Program Director, Enterprise Mobility.
Mobility services is set to see almost 60% and over $1tn of this total spending in 2021, dominated by mobile connectivity services that will account for over 90% of this market.
“As device capabilities continue to evolve with augmented reality (AR) and artificial intelligence (AI), and with 5G networks on the near horizon, technology choices for mobile technology buyers will become increasingly complex and critical to business success.”
Hardware is predicted to be the second largest technology category, with spending forecast to reach $675bn in 2021, whilst smartphones are expected to account for three quarters of this.
Further, despite being the smallest technology category, software is expected to see the strongest level of growth, maintaining a CAGR of 14.7% over the five-year period, largely driven by mobile enterprise application spending.
“These figures aren’t really surprising, but they do underline the extent to which – if the this prediction is accurate – telcos need to invest in next-generation technologies,” said Ravi Kumar Palepu, Global Head of Telco Solutions, Virtusa.
“Also, with the rising number of users and connected devices that IDC predicts, networks need to be addressing security as well as reliability, making sure they are preventing DDoS attacks and the like. Overall, these issues underline the need for a strong network infrastructure at the back-end as well as intelligent devices that minimise service latency and support the expected traffic increase is clear – and telcos must be ready for these impending changes.”
The Ultimate Enterprise Technology & AI & Cyber LIVE Event
Do you want to build high-level relationships, gain insider knowledge and leave with the tools you need to drive effective digital transformation within your business? Then you don’t want to miss out on the must-attend hybrid event of 2021 for leaders in forward-thinking enterprises.
At Technology, AI, and Cyber Live, you will be able to hear and engage with C-Level executives at Microsoft, IBM, Salesforce, Capgemini, and more.
How can you attend?
In the post-Covid era, not everybody wants to travel for events. So Technology & AI will be completely hybrid. That means you can attend the event in person or virtually, with no disadvantages to people who don’t make the trip to the Tobacco Dock.
Technology and AI Live is happening in the Tobacco Dock in London, a ten-minute walk from Tower Bridge. For more information on the location, click here.
There’s no need to worry about missing out if you choose not to attend in person. You can still absorb all the information, interact with other attendees and enjoy the conference experience on our virtual platform.
There will be live feeds from all of the stages (also available on-demand after the event) as well as virtual networking areas. So not being able to travel is no reason to miss your chance to gather with the industry.
Vice President at CGI
Sunil has over 20 years of experience in consulting and helping energy and oil and gas clients transform into digital and sustainability leaders. He has also helped organisations across the energy, oil and gas, chemicals, renewables, and manufacturing industries realise business value from their investments using cloud, artificial/augmented intelligence, data science, internet of things, industry 4.0, robotic process automation, cybersecurity, and hyper-automation.
He has substantial experience in the information technology industry gained working at IBM Global Business Services, KPMG Management Consulting, Sapient, and Infosys.
Chief Information Officer at Department of the Air Force
Lauren Barrett Knausenberger is the Chief Information Officer for the Department of the Air Force, including the U.S. Air Force and U.S. Space Force. She leads two directorates and supports 20,000 cyber operations, and supports personnel around the globe with a portfolio valued at $17 billion.
She provides oversight of the Air Force’s Information Technology portfolio, including the Information Technology investment strategy from networks to cloud computing, Enterprise policies, information resources management, IT innovation initiatives, information assurance, and related matters for the Department of the Air Force.
CEO at Colt Technology Services
Appointed CEO in May 2020, Keri is responsible for executing Colt’s strategy, which centres around transforming the way the world works through the power of connectivity. Before becoming CEO, Keri was Colt’s Chief Commercial Officer (CCO), leading global teams across sales, presales and marketing. Passionate about promoting Inclusion and Diversity, she also leads Colt’s Diversity Council to ensure Colt is a business where everyone feels they can bring their true selves to work. We look forward to hearing her insights.
Order now to make the most of our early-bird offer. Ticket prices increase over 50% soon! For tickets and information, head over to our event site.