Mobile business apps market to reach $140 billion by 2023

Mobile enterprise business applications market revenue will grow to $140 billion by 2023 as the mobile workforce is set to increase to 1.88 billion in 2023, a Strategy Analytics report said.
IBM mobilefirst for IOs“Workers’ appetites for mobile applications are increasing; they expect to have mobile access to business applications beyond email and voice. There is real demand for B2B and B2C mobile apps, web apps and apps connecting things such as sensors and devices,” Gina Luk, principal analyst of Mobile Workforce Strategies at Strategy Analytics, said.

5G, Artificial intelligence (AI), Blockchain, and the Internet of Things (IoT) technologies will transform the mobile enterprise business applications market.

The report said 5G will make multi-person video calling a reality and will deliver a fully wireless, cloud-based office, with unified communications (UC) apps more reliably and consistently available.

“Mobile apps will become more powerful. Emerging technologies will help SMBs and large corporations create more integrated B2B / B2B2C experiences, and utilize mobile devices to administer and integrate the different apps at our disposal,” said Andrew Brown, executive director of Enterprise Research at Strategy Analytics.