Growing demand for smart devices such as wearable devices, e-readers, 3D cameras and others among various businesses to upsurge their security features and to provide employees with enhanced mobility devices drives the growth of the market.
Rise in demand for smart devices across the globe and the adoption of advanced technology in wireless connectivity in emerging countries are major factors expected to boost the growth of the global mobility technologies market during the forecast period. However, lack of mobility and technological awareness among individuals can hamper the growth of the market. Contrarily, the increasing adoption of 3D cameras for the generation of 3D models of real objects and rise in inclination towards BYOD among industries are the opportunistic factors for the global market growth during forecast period.
However, things change fast. According to the June 2016 Ericsson Mobility report, whichwrestled in a post on increase of mobility data traffic, IoT is expected to surpass mobility phones as largest category of connected devices in 2018.IoTapparently isn’t just a matter of mobility alone. Indeed, in business applications, fixed lines and so forth are still leading. However, wireless IoT protocols are growing faster and then there is 5G on IoT horizon.
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Many SMEs across the globe are still using traditional way for working and still unaware about various cloud and other IoT technology. In addition to this, various business is still not adopting mobility technology and cloud-based technology which hampers the growth of the market. Furthermore, various companies in emerging countries such as China and India do not have adequate knowledge about cloud solution for inventory management, managing bills and other services which hampers the growth of the market. In other cases, businesses do not have the required expertise on staff, or the employees are not able to adapt themselves to the techno-commercial mindset that every cloud business needs. Some also struggle with automation – they do not understand how manual processes increase their expenses.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
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