Increasing in security to protect the abundance of corporate data and rise in adoption of bring your own device among the enterprises are the major factors propelling the market growth in the forecast period.
According to TechSci Research report, Mobile Device Management Market – By Region, Competition Forecast & Opportunities, 2018-2028, the Mobile Device Management Market is expected to register robust growth during the forecast period, 2022-2028. Devices without the security of mobile device management are at a heightened risk of malware and other virus outbreaks that could compromise the private data stored. Any compromise in personal data can constantly affect an organization’s reputation with its consumers and other industry partners, which is one of the most critical aspects driving the market.
Significant factors supporting the growth of the MDM market include the increasing use of Bring Your Own Device (BYOD) and the rising security concerns to protect a huge quantity of company data. BYOD growth is now clearly visible in the commercial sphere. Every organization must therefore take the inventory of mobile devices, which is continually increasing, into account. They use it as motivation to build up a platform with strict control and high data security. `Additionally, cloud-based solutions allow IT administrators to enrol, lock, manage, and protect devices from a range. For the smooth operation of their platforms, modern mobile devices require regular upgrades of the firmware on their various operating systems. In contrast to an on-premises system, a cloud-based MDM solution allows a faster response to such updating requirements.
Due to its numerous benefits, cloud-based MDM solutions are preferred by most industrial sectors, including manufacturing, telecom, transportation, utilities, logistics, and retail. Due to limited resources and the accessibility of cloud-based MDM solutions, Small and Medium-sized Enterprises (SMEs) are also quickly switching to cloud deployment solutions.
One of the key markets in North America, which may be mainly attributed to the rising demand for cutting-edge technology across various regional end-user sectors. The expansion of device technologies in the area is also boosting the industry.
According to systems integrator Champion Solutions Group (2015), 53% of US companies did not have a formal BYOD policy at the beginning of the past few years. However, BYOD trends have steadily increased since then. The region offers considerable prospects for mobile device management suppliers because smaller companies perform 99.9% over all commercial activity in the area.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on the “Global Mobile Device Management Market.”
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Based on deployment, the market is segmented into cloud and on-premise. Cloud technology is predicted to provide the highest CAGR over the expected growth period. The market for mobile device management is expected to expand as a result of rising number of electronic devices, easy access to online resources, and broad interest in cutting-edge technology.
Based on enterprises size, the market is divided into SMEs and large Enterprise. Large corporations are observed to grow rapidly due to the influx of capital into the market, an increase in mobile phone manufacturers, particularly those producing low-cost Android smartphones in regions like APAC, North America, and others, and a rise in the adoption of digital technology.
Based on end-users, the market is divided into telecom & information technology, BFSI, healthcare, retail, government, and manufacturing. Mobile device management is one technology that is being used extensively in the BFSI sector. The MDM proves to be a lifeline for the BFSI sector since it focuses on dealing to millions of consumers every day and updating their information virtually every day. A large number of devices should always be quickly enrolled in the BFSI. These include computers, printers, and kiosk devices. The quick enrolment of these devices is made possible by mobile device management. Additionally, MDM simplifies the overall process.
Key market players in the Mobile Device Management Market: –
- VMware Inc
- Blackberry
- Microsoft Corporations
- Mobilerlon Inc
- SAP SE
- IBM
- SOTI Inc
- JAMF
- CISCO
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“Nowadays IT staff in every organization are using mobile device management (MDM) solutions across various end-user sectors. Service providers are now placing more emphasis on wider enterprise mobility management (EMM) solutions to effectively capture and serve the mobile potential. Since now companies are more concerned “about data security and privacy Owing to which market is expected to grow with the high CAGR in the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Mobile Device Management Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028. Segmented By Deployment (Cloud and on Premise), By Enterprise Size (SMEs and large Enterprise), By End-User (Telecom & Information Technology, BFSI, Healthcare, Retail, Government and Manufacturing) By Region, By Competition has evaluated the future growth potential of Mobile Device Management Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities Mobile Device Management Market Email Marketing Software market.
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