The Enterprise Mobility Management by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Enterprise Mobility Management , The enterprise mobility management market size has grown exponentially in recent years. It will grow from $19.61 billion in 2023 to $24.61 billion in 2024 at a compound annual growth rate (CAGR) of 25.5%. The growth in the historic period can be attributed to proliferation of mobile devices in the workplace, rise in bring your own device (byod), security concerns and data protection, increased mobile workforce, demand for application management and collaboration tools.
The enterprise mobility management market size is expected to see exponential growth in the next few years. It will grow to $59.8 billion in 2028 at a compound annual growth rate (CAGR) of 24.9%. The growth in the forecast period can be attributed to growing demand for 5g networks and services, increasing adoption of iot devices and services, growing demand for edge computing and distributed cloud services, increasing demand for low-latency and high-bandwidth applications, growing demand for wireless backhaul solutions in rural areas. Major trends in the forecast period include mobile application containerization, unified endpoint management (uem), cloud-based enterprise mobility solutions, emphasis on user experience and productivity, mobile threat defense solutions.
The increasingly mobile workforce and the adoption of BYOD programs within enterprises are expected to propel the growth of the enterprise mobility management market going forward. Bring your own device (BYOD) refers to a set of policies at a firm that allows employees to use their devices to access business apps and data rather than being forced to utilize company-provided devices. The widespread adoption of BYOD programs and mobile workforces to individually utilize their gear and software within the enterprise jeopardizes corporate data confidentiality. For instance, in January 2022, according to Security Boulevard, a US-based media company, enterprise use of BYOD increased significantly, with 59% of firms using BYOD and 69% of IT decision-makers in the United States seeing the benefits of BYOD. Therefore, the increasingly mobile workforce and the adoption of BYOD programs within enterprises are driving the enterprise mobility management market growth.
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The enterprise mobility management market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Organization Size: Large Enterprises, Small And Medium Sized Enterprises
3) By Deployment Modes: Cloud, On-Premises
4) By Verticals: Banking, Financial Services And Insurance (BFSI), Retail And eCommerce, Healthcare And Life Sciences, Information Technology (IT) And Telecom, Manufacturing, Government, Transportation And Logistics, Travel And Hospitality, Other Verticals
Major companies operating in the enterprise mobility management market are developing innovative enterprise mobility management solutions such as HMD Enable Pro to address the growing demand for efficient and user-friendly Enterprise Mobility Management. HMD Enable Pro is an EMM solution based on the latest Android Enterprise capabilities. For instance, in May 2021, HMD Global, a Finland-based manufacturer, launched its Enterprise Mobility Management (EMM) solution, HMD Enable Pro, in Finland, which includes an EMM solution, Nokia smartphones, and data roaming connectivity, aiming to provide a one-stop solution for businesses seeking flexible mobility solutions. It is designed to be user-friendly, making it accessible for those without prior device management experience, and runs on Google Cloud to ensure data privacy and protection. The offering includes Nokia smartphones, EMM solution, and connectivity, simplifying the selection process for businesses.
The enterprise mobility management market report table of contents includes:
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