(MENAFN- Alliance News) Report Ocean introduces a fresh report examining the ' North America Mobile Device Management (MDM) Market ', encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market's future trajectory.
Mobile device management (MDM) is a security software which is usually used by the information technology (IT) department of any company to manage, secure and monitor the different devices of employees. These devices are deployed across various mobile service providers. It comprises a range of products and services that help the organization to allow and support different applications in personal mobile devices. The North American MDM market is expected to reach USD 3.23 Bn by 2023 with a compound annual growth rate (CAGR) of 24.25% during 2018-2023.
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The market is divided into three primary segments based on solutions, deployment and end users.
Based on solutions , the market is segmented into device management, application management, security management and network service management. The device management of this region is expected to have the largest market share. It is estimated to grow from USD 0.32 Bn in the year 2018 to USD 0.77 Bn in the year 2023 with a CAGR of 19.41%. On the basis of deployment , the market is split into cloud and on-premise. The cloud deployment market is expected to have a larger share and is estimated to grow from USD 0.75 Bn in 2018 to USD 2.48 Bn in 2023 with a CAGR of 27.12%. On the basis of end users , the market is classified into banking, financial services and insurance (BFSI), telecommunication, retail, and healthcare. Healthcare will have a major market share and will rise from USD 0.45 Bn in 2018 to USD 1.70 Bn in 2023. The CAGR will be around 30.43%. On the basis of countries , the market is segmented into The United States (U.S) and Canada. The U.S has the largest market share.
Key growth factors
The rapid rise in people using their smartphones and tablets in workplaces has allowed the growth of MDM market. Companies are very much interested in managing and securing their valuable data so that it doesn't fall in wrong hands. North America is the leader in 4G and smartphone adoption and is soon going to adopt 5G services. Technological advancement in this region is also another primary factor why MDM is so important and extensively used.
Threats and key players
The growth of the MDM market is currently hindered by the leakage of corporate data from mobile devices which possess a greater threat than malware. Any data leakage can result in it falling in wrong hands and the chances of misuse are huge. The decreasing adoption of bring your own device (BYOD) among businesses is expected to act as a major restraining factor that could hamper the growth of the MDM market. Incorporating business applications on devices to provide ease of access to employees would cause serious challenges to the corporation if the device is compromised.
The North American market has some of the leading players of the MDM market. This includes Airwatch, MobileIron, IBM and others.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
Some Questions Answered in the North America Mobile Device Management (MDM) Market Report:
What is the projected size of the North America Mobile Device Management (MDM) market in 2032, and what growth rate is expected? What are the primary drivers of growth in the North America Mobile Device Management (MDM) industry? What are the major market trends that are affecting the expansion of the North America Mobile Device Management (MDM) market? What obstacles must be overcome in order to achieve sustained growth in the North America Mobile Device Management (MDM) market? What opportunities and threats do vendors in the North America Mobile Device Management (MDM) market face? What are the raw materials and manufacturing equipment used in the production of North America Mobile Device Management (MDM), and what is the manufacturing process? What are the different types and applications of North America Mobile Device Management (MDM), and what is the market share of each type and application? What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the North America Mobile Device Management (MDM) market? What factors are driving the growth of the North America Mobile Device Management (MDM) market in the top regions worldwide? Who are the major players in the North America Mobile Device Management (MDM) market, and what strategies are they employing to succeed? What industrial trends, drivers, and challenges are influencing the expansion of the North America Mobile Device Management (MDM) market? What are the main findings of a five forces analysis of the North America Mobile Device Management (MDM) market?
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