Health Care, Banking Industries to Drive Mobility Revenues

Ellie Arbanas News

The report projected the banking industry would lead the way at the worldwide level with mobility investments forecast to surpass $100 billion by 2020 [. . .]

Overall, the industry that will deliver the fastest revenue growth over the 2015-2020 forecast period is health care, boasting a 5.1 percent CAGR, followed by telecommunications, professional services and utilities.

The report predicts that mobility revenues would come from primarily consumer and enterprise purchases of hardware such as smartphones, portable PCs and tablets, as well as services such as connectivity. However, software revenues will experience double-digit growth over the forecast period, as developers race to deliver applications that meet the mobility needs of both groups. The research firm projected the strongest growth within the software category would come from investments in mobile application development platforms, mobile enterprise applications and mobile enterprise security. From a regional perspective, the Asia/Pacific market, excluding Japan and led by strong investments in China, is expected to be the largest overall mobility market in terms of revenues, which are forecast to exceed $500 billion in 2020. Read the full article here

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Ellie ArbanasHealth Care, Banking Industries to Drive Mobility Revenues