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March 19, 2013

Enterprise mobility Market to grow $140 billion a year,set for explosive growth till 2020 |

Enterprise mobility set for explosive growth up until 2020 | TabTimes: The rise of bring-your-own-device (BYOD) has seen smartphones and tablets swarm into the workplace to the extent where one report now claims the movement will help enterprise mobility “take over the world” by 2020.

The report comes from the National Association of Software and Services Companies (Nasscom) and details how the global enterprise mobility market will bring in $140 billion a year by 2020, representing a 15% annual growth in revenue for the next seven years.

Indeed, such is the growth in this sector that the India-based firm predicts that enterprise mobility will account for 10-12% of total IT spend by the end of the forecast period, impressive figures given the current penetration is under 5%.

Much of the growth in enterprise mobility space is expected to come from Asia and South America (APAC), according to the report, which is growing at a compound annual growth rate of 21%.