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Mobility Technologies Market Insight
Mobility technology has transformed the way individuals live, play, and work. In addition, adoption of mobility technology among various large and small & medium enterprises is driving growth of the mobility technology market. Furthermore, various educational institute, business, and other industries such as healthcare, IT & telecom are investing heavily to upsurge their mobility projects. Moreover, various organizations are adopting mobility technology owing to its numerous benefits which include high security features and increase control on critical data of the organization. In addition to this, various features provided by mobility technology to business users such as multitasking, instant messaging tools, GPS navigation system and other is propelling the growth of the market.
Impact of COVID-19 onMobility Technologies Market:
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Rise in demand for smart devices across the globe and adoption of advance technology in wireless connectivity in emerging countries are major factors expected to boost the growth of global mobility technologies market during the forecast period. However, lack of mobility technological awareness among individuals can hamper the growth of market. Contrarily, 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.
Rise in demand for smart devices
Growing demand for smart devices such as wearable devices, e-readers, 3D cameras and others among various business to upsurge their security features and to provide employees with enhance mobility devices drives the growth of the market.
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.
Lack of awareness
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 benefits of the report:
Mobility Technologies Market Report Highlights
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Key Market Players | Apple Inc, Nuance Communications, Inc., Intel Corporation, SAMSUNG, Microchip Technology Inc., STMicroelectronics, Autotalks, Qualcomm Technologies, Inc., Texas Instruments Incorporated, Sierra Wireless |
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