Mobility Market is Estimated to Reach US$1.4 Billion Because of Remote Work

man using mobile phone

The mobility market in Australia is set to reach more than US$1.4 billion by 2025, according to a GlobalData study. The adoption of remote working by thousands of companies is driving significant growth in Australia’s enterprise mobility market. 

According to GlobalData technology analyst Saurabh Daga:

“With more and more enterprises proactively adopting Bring-Your-Own-Device (BYOD) and Company Owned Personally-Enabled Device (COPD) strategies not only to enable remote working but also to improve productivity, operational flexibility, and business continuity, the need for mobility solutions capable of managing and properly integrating mobile devices, wireless networks, and other mobile computing services into work processes will also grow simultaneously,”

Additionally, the rise of the Internet of Things (IoT) in companies is also creating different opportunities for mobility solutions that can support a unified device management approach to manage IoT sensors as well as connected mobile devices using only one platform.

GlobalData’s study revealed that mobile subscriptions will increase 17% from 8.1 million in 2021 to approximately 18 million in 2025, which bodes well for the country’s enterprise mobility market. 

The rising complexity of managing the sheer rise in the number of mobile devices and applications being used in day-to-day operations is encouraging enterprises in Australia to opt for managed mobility services, driving spending in this segment to grow at a CAGR of 16% over 2020-2025. 

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