Expenditures on the mobility market in Central and Eastern Europe will grow within five years, reported International Data Corporation (IDC). Revenues on business and consumer market will grow from $60.9bn in 2016 to $64.7bn in 2020. The majority of money will be spent on connectivity services. While 36% of spending will be allocated to devices sales (laptops, smartphones), software spending will account for roughly 1% of the market, yet it will be the fastest growing category. On the other hand, banking is the fastest-growing vertical market, with a CAGR forecast at 6.1%. Micro companies will be focused on purchasing hardware and services. They will generate ca. 84% of mobility revenues. At the same time, big market players will spend money on software.
|Mobility Spending Growth by Industry (%), CAGR 2016-2020|