IDC predicts boom in wireless professional services
Analyst group, IDC, estimates that the mobile and wireless professional services market will reach US$30.4 billion by 2006.
The global mobile and wireless professional services market is set to explode over the next four years. According to statistics from IDC, the demand for wireless professionals services will increase at a compound annual growth rate (CAGR) of 58.5% to reach US$30.4 billion in 2006.
The analyst house tagged the 2001 mobile and wireless professional services to market to be worth approximately US$3 billion, an increase of 138.3% over the previous year.
“The wireless industry, although not new, is still an emerging market,” says Sophie Mayo, director of IDC’s Wireless and eCommerce Implementation Services research.
“We are far from reaching any type of maturity, taking into account how technology is constantly evolving. The major forces at work in this ecosystem are devices, carriers, system integrators, mobile middleware, applications providers, enterprises, mobile workers, and consumers. Each party is influencing the success of the other, and interdependencies are numerous,” she explains.
IDC’s research shows that Western and Eastern Europe, Middle East and Africa represent the lion’s share of the forecast. The Nordic region has been a major innovator and early adopter of wireless technology, and the many wireless carriers depend on the advice of professional services firms to launch successful operations.
The Americas (North America and Latin America) is the fastest-growing region. With a CAGR of 73%, the Americas is expected to spend just under US$13.3 billion on mobile and wireless professional services by 2006.
According to IDC’s research, Asia/Pacific (including Japan) is not far behind in terms of spending. Japan, with cutting-edge technology in place (both from a provisioning and devices perspective), is the largest spender in the region, followed by Australia.
In Japan, areas IDC expects to be impacted by the new technology include consumer spaces such as banking, retailing, and sports. However, perhaps the biggest benefactors will be players in the enterprise space, as more organisations explore mobile commerce initiatives.