Anyone that has been following the technology trends of the last few years is well aware of the concept of bring-your-own-device (BYOD). The increased functionality of smartphones and tablets has helped to streamline a number of different business strategies as well as create some new ones. While the possibilities of mobile devices in the corporate setting are numerous beyond count, a new report suggests they could be ready to "take over the world."

That prediction comes from a National Association of Software and Services Companies (Nasscom) report. According to the forecast, the global enterprise mobility market will bring in $140 billion per year by 2020. That would be a 15 percent annual growth in revenue over the next seven years.

The study goes on to look at IT spending and predicts an increase there as well. Currently, total investment in enterprise mobility is under 5 percent. That number is expected to climb to as high as 12 percent by the end of 2020.

Ruchika Sharma, the deputy manager-research for Nasscom, spoke about the study in a recent blog post for the organization's Website.

"As I was thinking more and more deep into this topic, myriad thoughts came into my mind regarding the dominance of this single digital device and once again I was concord to believe that, 'the Smartphone has now really become the remote control for our lives,'" wrote Sharma

The number of uses for the mobile devices we use every day continues to increase with little end in sight. If the projections of this report prove to be true, companies need to start considering a iPad deployment and partner with an IT consulting firm that can maximize the potential of smartphones and tablets.