Worldwide spending on mobile technologies will total $901 billion in 2014, and grow to $1.2 trillion by 2019, according to a new report from International Data Corp. (IDC).
The study, “Empowering the Workforce for Business Transformation, Worldwide and U.S. Forecast for Mobility, 2014-2019,” says wireless data and smartphones comprises the lion's share of the spending.
Excluding consumer spending, the industries expected to spend the most on mobile technologies are discrete and process manufacturing and professional services. Combined, these sectors will represent 17% of the market in 2019.
The areas of greatest growth include personal and consumer services, media, and the banking industries.
"More than ever, mobile technologies are empowering workers across industries to connect, collaborate, and create new ways to operate and do business," Jessica Goepfert, program director of IDC's Global Technology and Industry Research Organization, said in a statement.
"It goes beyond providing a smartphone to liberate the deskbound worker,” Goepfert said. “Instead, it's about utilizing mobile technology to increase sales, improve productivity, and raise customer and employee satisfaction."
The report notes that there are still numerous concerns around mobility. Security and regulatory issues remain the biggest barrier for mobile technology adoption across industries such as government and financial services, it says.
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