Total revenue of the mobile market for the year will amount to 1,57 trillion dollars
IDC analysts estimate that by the end of this year, global revenue associated with mobile technology, the reach of 1.57 trillion dollars. This is 2.6% more than in 2016. Analysts expect that the cumulative annual growth rate (compound annual growth rate; CAGR) in the period from 2015 to 2020 the result will be 2.1%, so in 2020 the revenue of this direction will reach to 1.67 trillion dollars.
The biggest category of communications services. In second place are costs to users and corporate clients on the purchase of mobile equipment. These two items of income in the amount will provide 95% of the market, two-thirds will have on the consumer segment.
The most rapidly growing segments are the applications and platforms for their development. Values of the cumulative rate of annual growth for these areas, respectively, accounted for 17.3% and 20.3%.
Banking, discrete manufacturing and professional services will provide a considerable contribution to the mobile technology market. The source said the amount of 166.3 billion dollars. The telecommunications industry will show the largest growth rate of expenditure with a value CAGR of 4.2% between 2015 and 2020.
The region with the greatest income ($500 billion) will become the Asia-Pacific, but excluding Japan.