APAC to become highest mobility revenue contributing region globally in 2023, says GlobalData
Mobility services are poised to emerge as a dominant and strategic element for enterprises in the Asia-Pacific (APAC) region. As a result, APAC is estimated to have the highest mobility spending among all the regions in 2023, says GlobalData, a leading data and analytics company.
According to GlobalData’s Market Opportunity Forecasts Model, enterprise mobility services and applications’ revenue in APAC is estimated to reach around US$16bn in 2023.
Sunil Kumar Verma, Lead ICT Analyst at GlobalData, comments: “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.”
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. Together they are forecast to account for slightly more than two-thirds of the overall mobility revenue within the region in 2023.
Sunil concludes: “The evolution of digital technologies and the ongoing network enhancements will enable enterprises to transform the way they collaborate and communicate. This will assist them in active workforce engagements and simultaneous lowering of the operating costs.”
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Notes to Editors
- Comments provided by Sunil Kumar Verma, Lead ICT Analyst at GlobalData
- Information based on GlobalData’s Market Opportunity Forecasts Model
- GlobalData Market Opportunity Forecasts Model provides revenue opportunity forecasts for 15 IT solutions for the period 2019-2023, spanning 17 technology segments, 37 geographical markets, six regions, 22 verticals and two size bands
- This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts
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