European spending on mobility solutions is forecast to reach $293 billion in 2018, according to a new update to the Worldwide Semiannual Mobility Spending Guide from International Data Corporation (IDC). IDC expects the market to post a five-year compound annual growth rate (CAGR) of 2.4 percent, leading to spending in excess of $325 billion in 2022.

Worldwide spending on mobility solutions is forecast to grow 3.2 percent year-over-year in 2018, reaching more than $1.6 trillion, according to a new Worldwide Semiannual Mobility Spending Guide from International Data Corporation (IDC).