MANAGED MOBILITY SERVICES MARKET ANALYSIS

Key Developments

• According to Cisco's annual internet report, the average number of devices and connections per capita worldwide is projected to rise to 3.6 by the end of 2023. The U.S. is expected to maintain its position at the forefront, with an average of 13.6 devices and connections per capita, followed by South Korea and Japan.
• In September 2021, MSP Corp Investments Inc. secured USD 35 million in growth capital to acquire and invest in managed IT services providers (MSPs) across Canada. The company collaborates with high-performing MSPs to deliver technology, resources, and business support, focusing on managed network services, mobility management, cybersecurity, and cloud hosting.
• Toronto-based startup, BehrTech received recognition in May 2021 for its wireless connectivity products for the IoT, along with a USD 3 million grant to establish an Industry 4.0 lab, funded jointly by the federal government and a non-profit organization.