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Mobile industry is booming, creating $3.3 trillion, 11M jobs in 2014

The mobile industry is absolutely booming, with $3.3 trillion last year alone
By: Michael Hatamoto | Mobile Devices, Tablets & Phones News | Posted: Jan 18, 2015 10:47 pm
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The mobile industry is absolutely booming, helping generate $3.3 trillion revenue and 11 million jobs in 2014, according to a new study commissioned by the Boston Consulting Group. Apple, Google, Alibaba, Facebook, Verizon and China Mobile, six of the 25 most valuable companies, are creating revenue by embracing mobile technology.

 

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Not surprisingly, companies that invested in mobile hardware and software development early on - and have larger development teams - are seeing better return on investment (ROI) than companies jumping into the market later.

 

Analyst groups believe tablet sales growth will slow in 2015, but the mobile ecosystem is maturing - and should prove valuable in emerging markets. Meanwhile, the mobile ecosystem in established markets further opens the door to embrace services typically available on PCs.

NEWS SOURCES:Cnbc.com, Gfktechtalk.com

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