Enterprise Mobility Market will expand at a high 24.7% CAGR over the period between 2015 and 2022

Modern enterprise business strategies require a much faster pace of operations, especially if the enterprises are looking to become a globally prominent entity. In order to achieve this highly sought-after competitive advantage, companies are looking to the solutions offered by enterprise mobility players. Enterprise mobility services and solutions have proven to enhance the decision-making speed of enterprises, thereby generating an increasing demand for enterprise mobility solutions.

Transparency Market Research estimates that the global enterprise mobility market will expand at a high 24.7% CAGR over the period between 2015 and 2022. Expanding at this pace, the market, which held an opportunity of US$86.36 bn in 2014, is expected to rise to a valuation of US$510.39 bn by 2022.

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Enterprise Mobility Applications across BFSI Industry to Lead to Most Promising Returns

Currently, the most prominent applications of enterprise mobility are found across industries such as banking, financial services and insurance (BFSI), manufacturing, retail, transportation and logistics, and IT and telecommunication. Of these, the IT and telecom industry currently has a strong influence on the overall development of the global enterprise mobility market. Applications across this industry contributed revenues of nearly US$24.64 bn to the global market in 2014, accounting for a 28.5% share. The IT and telecom industry is also expected to remain the most influential end-use industry for the global enterprise mobility market over the next few years, contributing revenues totaling nearly US$151.12 bn to the global market in 2022.

However, the BFSI industry will lead to the most promising returns enterprise mobility solutions in the near future. Over the period between 2015 and 2022, applications of enterprise mobility across the BFSI industry will expand at the fastest CAGR of 25.7%. End-use industries such as hospitality, retail, manufacturing, and automation are also expected to lead to excellent demand for enterprise mobility solutions over the said period.

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