Telecom
IDC Forecasts Worldwide Mobility Spending to Reach $1.72Tri in 2021
By peter oluka
Worldwide spending on mobility solutions is forecast to reach $1.72 trillion in 2021, according to the recently updated Worldwide Semiannual Mobility Spending Guide from International Data Corporation (IDC).
Although annual growth is expected to slow over the 2016-2021 forecast period, IDC still expects spending on mobility-related hardware, software, and services to see a five-year compound annual growth rate (CAGR) of 2.7%. Worldwide mobility spending will total $1.58 trillion in 2017, an increase of 4.3% over 2016.
The United States will account for nearly one quarter of all mobility spending throughout the forecast, making it the largest geographic market at nearly $392 billion in 2021. Mainland China will be the second largest country in terms of overall spending ($337 billion in 2021), followed by Japan, Brazil, and the UK.
The countries that will see the fastest growth in mobility spending over the five-year forecast period will be Venezuela (8.2% CAGR), India (8.0% CAGR), Philippines (7.0% CAGR) and Peru (6.7% CAGR).
In contrast, four countries (Australia, Israel, Saudi Arabia, and Taiwan) are forecast to experience a slight decline in mobility spending.
Consumers will provide more than 70% of total mobility spending for all but the last year of the forecast.
Most of this spending will go toward mobile connectivity services and smartphones. In addition to being the largest source of spending, the consumer sector will also experience the slowest growth with a five-year CAGR of 1.3%.
Banking and professional services will be the two industries with the largest mobility spending over the forecast period, reaching $55.1 billion and $54.9 billion in 2021, respectively.
Discrete manufacturing and retail will be close behind with 2021 outlays of $49.7 billion and $45.7 billion.
The industries with the fastest growth in mobility spending will be professional services (7.5% CAGR), construction (7.1% CAGR), and telecommunications (7.0% CAGR). Four other industries (federal/central government, healthcare, retail, and security and investment services) will also outpace the overall market, each with a 6.9% CAGR.
“A highly mobile, on-the-go workforce is a key driver of mobility in both the professional services and construction industries,” said Jessica Goepfert, program director, Customer Insights and Analysis. “User expectations are high within professional services, as they depend on mobile solutions to enable and create exceptional and memorable client interactions and experiences. In construction, which is typically slow to change, we are seeing mobility implementations with the goal of streamlining project administration. In every industry, mobility can provide an advantage over slower-moving competitors by helping firms to complete jobs faster, more efficiently, and with fewer errors.”
The largest technology category will be mobility services, which will account for roughly 60% of all mobility spending throughout the forecast. While mobile connectivity services will be the largest spending segment at $950 billion in 2021, enterprise mobile services will be one of the fastest growing segments with a 15.3% CAGR.
Hardware will be the second largest technology category, led by smartphone purchases. Despite being the smallest category, software represents an important area of investment for enterprises and each of its technology segments (enterprise mobility management, mobile application development platforms, mobile enterprise applications, and mobile enterprise security) will experience double-digit growth throughout the forecast.
“Successful mobilization strategies demand thoughtful integration to broad digitalization strategies and technologies,” said Denise Lund, research director, Enterprise Mobility at IDC. “This means every IT buyer should prioritize vendor solutions that deliver foundational yet flexible and scalable connectivity, security, and device and application management platforms and services. With these qualities, the leverage of today’s and tomorrow’s innovative cloud services will be possible.”
From a company size perspective, small offices with 1 to 9 employees will account for roughly three quarters of all mobility spending worldwide as these businesses purchase mobile devices, connectivity services, and mobility services as an affordable alternative to traditional IT solutions. Very large businesses (1000+ employees) and large businesses (500-999 employees) will deliver the fastest spending growth with five-year CAGRs of 7.8% and 6.9%, respectively.
IDC’s Worldwide Semiannual Mobility Spending Guide is designed to address the needs of technology organizations assessing the mobile opportunity by country, industry, and company size perspective.
The spending guide provides subscribers with spending data on ten technology categories across 19 industries, five company size bands, and 53 countries. Unlike any other research in the industry, the comprehensive spending guide can help IT decision makers to clearly understand the industry-specific scope and direction of mobility spending today and over the next five years.
News
NITDA Communications Director Hadiza Umar Named in 2026 PR Power List, Graces Glazia Magazine Cover
Mrs. Hadiza Umar, Director of the Corporate Communications and Media Relations Department at the National Information Technology Development Agency (NITDA), has been officially recognised as one of Nigeria’s top public relations professionals in the prestigious 2026 PR Power List.
The definitive annual list, compiled by GLG Communications in partnership with The Guardian, was unveiled to commemorate World PR Day.
It celebrates 50 outstanding professionals within Nigeria and the diaspora whose strategic communication strategies have significantly shaped organisations, influenced public discourse, and advanced the profession over the past 12 months.
Adding to the momentous milestone, Mrs. Umar was hit with a major surprise at the exclusive PR Power List Soirée and Awards ceremony held at the Alliance Française in Ikoyi, Lagos, where she was unveiled as a front-cover personality for the Glazia Magazine PR Power List Special Issue.
The double recognition highlights her exceptional distinction and impact in public sector communications and narrative management.
Speaking on the dual achievement, Mrs. Umar expressed profound gratitude for the honours, describing the magazine cover appearance as a breathtaking surprise.
“I am deeply humbled and honored to be recognized on the 2026 PR Power List and to feature on the cover of Glazia Magazine alongside other exceptional industry titans,” Umar said.
“This milestone is a testament to the enabling environment and visionary leadership of the Director General of NITDA, Kashifu Inuwa Abdullahi, CCIE, which has allowed us to strategically drive the narrative of Nigeria’s digital economy and technological innovation.”
Mrs. Umar, a highly respected corporate communications strategist, holds professional fellowships in the Nigerian Institute of Public Relations (Chartered), the African Public Relations Association (APRA), and the Institute of Corporate Administration (CICA).
Under her supervisory role, NITDA’s media relations have consistently projected national information technology frameworks, start-up support frameworks, and digital literacy initiatives, to position Nigeria competitively on the global stage.
The 2026 PR Power List selection process involved a rigorous, independent evaluation led by a distinguished international jury.
The organisers noted that the class of 2026 represents professionals raising the standard of strategic communications and introducing new ideas to the industry.
The need for Nigeria to think outside the box in its need to drive towards global relevance with innovations and scientific developments will be on the front burner at the NITRA Innovative & Scientific Conference scheduled to hold on Thursday July 23, 2026 in Ikeja, Lagos.
NITRA
The Nigerian Communications Commission (NCC) will lead other delegates to discuss and take far-reaching decisions at the event, which has its theme as “Bridging Nigeria’s Digital Divide With Scientific Innovation”.
Other companies that have indicated interest in partnering with NITRA include mobile communications company, Tecno; Africa’s premier end-to-end AI solutions company, Hyperspace; and telecommunications data infrastructure company, Digital Realty.
Speaking on the proposed event, the Chairman, Nigeria Information Technology Reporters Association (NITRA), Chike Onwuegbuchi noted that the event will seek to create a platform for government and private organisations to deliberate on policies around scientific innovations in Nigeria, challenges, place of indigenous and foreign collaboration, roles of each stakeholder, and grassroots development in that regard, among others.
According to him: “The Federal government, with series of programmes and partnerships, has established the urgent need to create an ecosystem that thrives on scientific innovation, breeding institutions and individuals with a target of placing the country at the fore-front of Next-Gen development.
It is a known fact that digital and scientific innovations are crucial, not only to the survivability of a nation, but also to the sustainability of its growth and development, with significant effect on economic strength, global image, defense and security, government capabilities to function, and public health and safety, communication and digital footprint, among others.
The federal government is actively driving scientific innovation to foster economic diversification and build a $1 trillion economy by 2030. Efforts are heavily focused on commercializing research, establishing massive research funds, and funding strategic infrastructure, particularly in technology, biotechnology, and healthcare. Core government initiatives and policies include the newly instituted National Research and Innovation Development Fund (NRIDF), which aims to mobilize about $500 million annually to support research and the commercialization of scientific outputs; and the Nigeria Genomic City, a multi-ministerial initiative aimed at transforming Nigeria into a leading hub for genomics, precision medicine, and biotechnology. It is designed to protect indigenous data, stimulate artificial intelligence in health, and develop a highly skilled scientific workforce.
According to the General Secretary of NITRA, Mr. Chidiebere Nwankwo, the forum will also be a vehicle to propagating the views of decision makers to the public, thereby furthering the cause of public awareness and information dissemination on the topic.
The focus, he said will be on how Nigeria can sustain digital innovative growth and scientific development in Nigeria
The board of global payments company, PayPal, says a 53 billion dollars takeover offer from financial technology firm, Stripe, and private equity company, Advent International, does not adequately reflect the company’s long-term value.
PayPal
According to reports, the proposed acquisition, valued at 60.50 dollars per share, remains under consideration, with the board yet to formally respond to the offer.
The directors are said to be evaluating not only the financial value of the proposal but also the structure of the financing, the timeline for completing the transaction and the likelihood of obtaining regulatory approvals.
They are also considering the possibility of competing bids emerging.
Although the offer represents a premium of about 28 per cent above PayPal’s recent share price, the board believes the company could deliver greater value to shareholders if its ongoing turnaround strategy succeeds.
Following reports of the bid, PayPal shares gained about two per cent to close at 56.73 dollars.
Sources familiar with the discussions said Stripe and Advent have secured approximately 50 billion dollars in debt financing from JPMorgan and Morgan Stanley, while both firms would jointly contribute 17 billion dollars in equity.
Under the proposal, the two companies would jointly own PayPal instead of dividing its operations.
PayPal, Stripe, Advent International, JPMorgan and Morgan Stanley have all declined to comment on the proposed transaction.
The discussions come as PayPal seeks to strengthen its business after years of increasing competition from rivals including Apple Pay, Google Pay and emerging financial technology firms.
The company, which was valued at about 360 billion dollars in 2021, now has a market capitalisation of approximately 36 billion dollars.
Since assuming office as Chief Executive Officer in March 2026, Enrique Lores has embarked on a restructuring programme aimed at improving operational efficiency and restoring growth.
The restructuring includes the creation of three business divisions comprising Checkout, Venmo and Consumer Financial Services, and Payments and Crypto.
The company is also targeting 1.5 billion dollars in cost savings through the deployment of artificial intelligence technologies.
PayPal’s latest financial results indicated signs of recovery, with first-quarter revenue rising seven per cent year-on-year to 8.35 billion dollars, while total payment volume increased by eight per cent to 464 billion dollars.
If approved, the transaction would combine two of the world’s largest digital payments companies.
The combined business would process an estimated 3.7 trillion dollars in annual payment volume, significantly strengthening its position in the global online payments market.
However, analysts expect the proposed acquisition to face intense regulatory scrutiny because of the companies’ combined market share in merchant payment services.
To address possible antitrust concerns, the bidders have reportedly considered options, including separating PayPal’s Braintree business or other assets if required by regulators.
Sources said Stripe and Advent remain interested in pursuing the acquisition despite the board’s reservations, although negotiations are expected to continue.
Market observers are also awaiting PayPal’s earnings report scheduled for July 28 for further indications of the company’s financial recovery and future growth prospects.
Adebutu, PDP Chieftain Accuses Nigerian Governors of Embezzling LG Allocations
ICPC Secures Final Forfeiture of N941m Linked to IPPIS Fraud
NDIC Urges Youths to Shun Ponzi Schemes, Embrace Savings
NRS Issues July 31 Deadline for e-Invoicing Compliance
SERAP to Sue NASS over Bill Empowering NDPC to Regulate Social Media
NRC, Ponzi Scheme Collapses Resulting Loss of Billions of Naira
NASENI Moves to Digitize CCB’s 5m Assets Declaration and Operations
Lebara Nigeria Launches Lebara Play, Africa’s First Telecom-Owned Micro-Drama Platform
CANAL+ Partners Samsung to Pre-Load DStv Stream on New Samsung TVs In Nigeria, Other African Countries
Tokenization, Blockchain Technology will Transform Financial Institutions – IMF
News3 days agoEFCC Busts NIS Visa Overstay Racket, Uncovers N700m in an Account
News3 days agoNCC, NDLEA Partner to Fight Piracy and Drug Trafficking
General News3 days agoDangote Refinery’s Private Placement Reportedly Hits $2.5Bn
Telecom3 days agoTinubu Moves to Protect Nigerians From Crypto Scams With New Executive Order
Telecom3 days agoNCC Leads Tecno, Hyperspace, Digital Realty To NITRA Forum On Scientific Innovation
E-Financial3 days agoCBN to Monitor Every Dollar with FXBT, Forex Tracker
Telecom3 days agoPayPal Rejects $53bn Stripe-Advent Takeover Bid, Says Offer Undervalues Company
E-Financial3 days agoFG Moves to Crack Down on Crypto Fraud with Virtual Assets Executive Order