A new report from Transparency Market Research (TMR) suggests that the global enterprise mobility market will grow at a CAGR of 24.7 per cent between 2014 and 2022, growing from US$86.36 billion to US$510.39 billion by the end of the forecast period.
The report, titled ‘Enterprise Mobility Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022’, suggests that the global enterprise mobility market will be driven by factors such as improved collaboration and communication between various enterprises, enhanced operational efficiency and speed gains for enterprises, and the proliferation of handheld devices, coupled with the growing popularity of CYOD and BYOD policies.
Growing demand from enterprises for competitive advantages in enterprise operations and the surging need for effective data collection are factors that will drive the global enterprise mobility market in the forthcoming years, it states. A key focus area for most enterprises is enhanced operational speed and efficiency gains, which again will help to drive the enterprise mobility market.
The largest market in 2014 was for laptops, say the report, however it projects that the smartphones segment will expand robustly during the forecast period owing to the growing popularity of smartphones all over the world.
In terms of geography, North America holds the largest market share due to the presence of a large pool of mobile users in the workforce and continuous usage of enterprise mobility across a number of end-use industries. Europe and Asia Pacific follow.