Mobile Device Management Market to Undertake Strapping Growth During forecast period
Research Reports
Apr 07, 2022
As per the latest report, the global mobile device management market size in 2021 is registered as US$ 6.6 billion and is expected to grow at a significant CAGR of 24.8% with market size of US$ 28.7 billion during the forecast period
Mobile device management is a software application that is specially designed for assisting managers and administrators in controlling and securing the organization’s mobile endpoints like laptops, smartphones, and tablets. This system performs various functions such as hardware maintenance, application inventory, offering remote control for troubleshooting, OS configuration management, and mobile content. Due to these beneficial features, it finds application in various industries like telecommunications, BFSI, retail, telecommunication, healthcare, manufacturing, and automotive.
The rising adoption of cloud-based services coupled with growing digitization is propelling the mobile device management market growth. The current trend of bring-your-own-devices (BYOD) is fueling the growth of the market. As BYOD raises the risk of data breaches and vulnerabilities to the organization network which requires advanced systems like Mobile device management for securing their corporate data. Furthermore, the rising demand for workflow automation and collaboration of different teams and departments in the organization is enhancing the demand for MDM in the market. Apart, the integration of artificial intelligence (AI) with MDM solutions coupled with extensive research and development activities across the IT field is boosting the market growth.
The mobile device management market opportunities are growing research and development projects in this mobile device management field is accelerating the growth of the market.
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Market Segmentation
The mobile device management market is partitioned into four segments based on the type, organization size, vertical, and deployment.
Type Segmentation: The mobile device management types are bifurcated into solutions and services.
Organization Size Segmentation: Based on the organization size, the mobile device management market is analyzed into two categories like small and medium-sized enterprises and large-sized enterprises.
Vertical Segmentation: The mobile device management market by vertical is classified into various forms such as logistics, technology, BFSI, manufacturing, healthcare, transportation, software, media, telecommunication, medium of entertainment, and more.
Deployment Segmentation: By deployment, the mobile device management market is sectioned into two forms cloud-based or on-premise-based.
Regional Analysis
Based on the recent study, the global mobile device management market based on the regions is segmented into four major regions like Asia-Pacific, North America, Europe, and the Rest of the world. Among them, North America is holding the highest market share due to the presence of various emerging regions as the major provider of MDM services. Europe is holding the second largest market share due to the rising market and various firms switching to the adoption of MDM services. Asia-Pacific is the next following region as the requirement for consumer electronics followed by the solutions for protecting the devices.
The mobile device management market prominent players are Citrix Systems (USA), BlackBerry (Canada), SAP (Germany), MobileIron (USA), VMware (USA), and others.
Industry News
According to the latest updates, the global mobile device management market forecast states that this service is expected to grow at a high level in the market due to the introduction of advanced technologies like BlackBerry Spark Suits launched by BlackBerry which improves the productivity of users. This innovation makes use of a combination of management and endpoint security capabilities.
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