cfo-nz logo
Story image

Mobility spending highest across APAC, says GlobalData

New research from GlobalData says the Asia Pacific region is estimated to have the highest mobility spending among all regions come 2023.

The analytics firm says mobility services are poised to emerge as a dominant and strategic element for enterprises in the region. According to GlobalDatas Market Opportunity Forecasts Model, enterprise mobility services and applications revenue in APAC is estimated to reach around US$16bn in 2023.

"This will be mainly possible owing to AI-backed agile transformation capabilities for network operators, the ongoing evolution of the content system and the onset of connected devices ecosystem," says Sunil Kumar Verma, lead ICT analyst at GlobalData.

Verma says enterprises will continue to benefit from the enhancements in productivity and efficiency, driven by increased uptake of mobility services. By 2023, managed mobility services and mobile application platform management will together account for the largest share, nearly 62% of overall mobility revenue, in the region.

Driven by the relatively well-developed 5G network infrastructure and a larger portion of mobile workforce, China, Japan and India will be the three largest spending countries, the research says. Together they are forecast to account for slightly more than two-thirds of the overall mobility revenue within the region in 2023.

"The evolution of digital technologies and the ongoing network enhancements will enable enterprises to transform the way they collaborate and communicate.," says Verma.

"This will assist them in active workforce engagements and simultaneous lowering of the operating costs."

Story image
How Employer of Record helps companies expand to new markets around the globe
Using an Employer of Record allows companies to break into new markets and hire the talent they need quickly and easily — with all human resources, onboarding, paperwork, and legal compliance taken care of.More
Story image
Why you should become Azure certified - and how to do it for less
Did you know an Azure Certification can help you lead digital transformation in your organisation? But's not the only reason to become Azure certified...More
Story image
IT consulting services revenue to hit US$100bn mark by 2024
"Despite the negative impact of the COVID-19 outbreak, APAC might be quicker to bounce back compared to other regions owing to agile delivery and support capabilities to the global enterprises.”More
Story image
Kount and Snowflake partner to empower businesses with customer insights
The joint new product, called Data on Demand, is the industry’s first private data warehouse with insights from Kount’s Identity Trust Global Network, powered by advanced artificial intelligence and machine learning. More
Story image
How to optimise contact centres for 2021 and beyond
As the new year fast approaches, it’s a good time to check that contact centres are ready to handle whatever 2021 has in store, writes MaxContact director of Australia operations Daniel Harding.More
Story image
Retailers turn to ecommerce to keep business thriving - Zebra Technologies report
Retailers will heavily rely on mobile and eCommerce technologies, according to the report.More