The global enterprise mobility market is extremely fragmented. The market is also characterized to be fast moving with many new entrants in the market states transparency market research (TMR) in its latest report on this market. The reason why many new players are entering this market is because of the agile technology which is helping the new players to introduce new products. It is this ability which is also key reason behind the motivation of big players to continue to advance in the market and expand their shares by strategic mergers and acquisitions.
On the basis of application, the IT and telecom industry has remained in a good position among other industries and is expected to be with US$151.12 bn by 2022. However, the fastest to grow will be the banking, financial services and insurance (BFSI) sector.
This sector is anticipated to expand at a 25.7% CAGR between 2015 and 2022. In the forecast period, the retail, manufacturing, hospitality, and automation industries will also witness remarkable demand for enterprise mobility solutions.
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One of the key factors boosting the growth of the global enterprise mobility market is the decision making speed which is enhanced by adopting enterprise mobility solutions. There is a high demand for solutions which will channel an increasing number of computing devices as well as the development of communication infrastructure which can enable efficient communication across all devices. This is boosting the adoption of enterprise mobility.