(MENAFN- Ameliorate Digital Consultancy)
The global mobile device management market is anticipated to grow at a very strong CAGR of 29.6% over the course of the forecast period, from a valuation of US$ 7.13 billion in 2022 to US$ 73.54 billion in 2032.
Mobile device management solutions are on the rise, and organisations have started putting them into the grid to thwart any cyber assault as device integration permeates corporate areas and security concerns about data theft and cybercrimes rise.
Systems for managing mobile devices are used not just to keep people safe and secure, but also to improve and increase worker productivity by streamlining activities and equipping the staff with the newest technology.
The government has closed down office buildings in response to the outbreak of COVID-19 and is encouraging employees to work from home. Because employees participate in this process remotely, there is a considerable risk of data theft. Mobile device management systems are most advantageous for small and medium-sized businesses.
Mobile device management system sales are expanding globally because to the high adoption of mobile devices, improved network bandwidths like 4G and 5G, and companies providing their employees with these devices so they can access email, calendars, and workflow from anywhere.
Mobile Device Management Market
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As competitors proliferate in the corporate spaces, businesses rely on mobile and nanotechnologies and mobile device management apps help in managing these devices well through integration, increasing the operability.
Integration of BYOD, SaaS (Software as a service) and cloud computing with mobile device management systems are making the devices smart, and cloud-based enterprise systems help the BYOD in enhancing the productivity of the total workforce. This decreases the overall maintenance and infrastructure cost of the company.
Businesses that provide constant customer support and increase workflow flexibility while enabling the admin to provide specific security channels for the company data and corporate network, increasing the sales of mobile device management (MDM) systems.
The flexibility once the MDM solutions are implemented decreases because of the compliances and security restrictions. This restricts the workforce from catering to specific business requirements, facing the challenges of management controls and workflows.
Key Takeaways
The services segment of the mobile device management market is expected to lead in the component category through the forecast period, including professional services and managed services. Large enterprises hold prominence and are likely to hold the largest portion of the mobile device management market, increasing the adoption of mobile devices among businesses. The cloud deployment type is the biggest in the mobile device management market per deployment type, increasing the scalability, affordability, operational efficiency and low costs. By operating system, iOS is likely to hold the biggest portion in the forecast period, increasing the security and management levels of apple devices. North America is the world's fastest-growing region, accounting for the lion's share of the worldwide business-to-consumer industry. In addition, businesses are investing in MDM systems, which increased with the ongoing digitization of the corporate spaces.
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Competitive Landscape
The mobile device management market is highly competitive, with multiple vendors with a cost list.
VMware Microsoft IBM Blackberry Citrix Google Cisco Samsung Micro Focus ZOHO SolarWinds SAP Quest Software Ivanti Sophos SOTI Jamf Qualys Snow Software Matrix 42 Rippling 42Gears ProMobi Baramundi Mitsogo Inc Codeproof technologies AppTec Addigy Kandji
are some of the major companies. These vendors use product releases, significant R&D spending, partnerships, mergers and acquisitions, and other growth tactics to keep up with the fierce competition.
Recent Developments
Microsoft's MDM solution, the Enterprise mobility suite, pushes companies to ask their employee to bring their devices for work, increasing productivity and enhancing the work culture by easing it for the end-user. Cisco, under its network management and devices, introduces MDM solutions such as network management, network automation and data centre management for easing the workflow while making the system more efficient.
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Key Segments:
By Component
By Deployment Model
By Enterprise Size
Large Enterprises Small & Medium Enterprises
By Industry vertical
BFSI Healthcare Government & Public Sector IT & Telecom Retail Educational Others
By Region
North America Europe UK Germany France Italy Rest of Europe
Asia-Pacific China Japan India South Korea Rest of Asia-Pacific
LAMEA Latin America Middle East Africa
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