Worldwide spending on mobility solutions is forecast to grow 3.2 percent year over year in 2018, reaching more than $1.6 trillion, according to the latest worldwide market study by International Data Corporation (IDC).
This growth is expected to continue through 2021 with investment on mobility-related hardware, software, and services surpassing $1.7 trillion as the market achieves a five-year compound annual growth rate (CAGR) of 2.8 percent.
“The new mobility use cases and technology adoption in enterprises is driving growth in all three facets of the market, from devices to software and services,” said Phil Hochmuth, program director at IDC.
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