Mobile device

Global Mobile Device Management Industry Expected to Reach $20.4 Billion by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Mobile Device Management Market by Component (Solutions (Device Management, Application Management, Security Management) and Services), Deployment Mode, Organization Size, Operating System Vertical and Region – Global Forecast to 2026″ has been added to ResearchAndMarkets.

The publisher forecasts the global mobile device management market size to grow from USD 5.5 billion in 2021 to USD 20.4 billion by 2026, at a compound annual growth rate (CAGR) of 29.8 % over the forecast period.

Services to register higher growth rate during the forecast period

In the mobile device management market by component, services are expected to register a higher growth rate during the forecast period. Services play an important role in managing mobile devices in an enterprise environment. Majority of MDM vendors offer business support services to generate more business revenue. They offer two main types of services: professional services and managed services. Professional services were further categorized into three types: consulting services, implementation services and support services. The services market holds a substantial share of the total mobile device management market and is expected to grow at a high rate.

Large companies are expected to hold a larger market share during the forecast period

According to the size of the organization, large companies are expected to hold the largest market size. Large enterprises hold larger market size in the current market as the segment has already shown major adoption and implementation of mobile device management services. The use of smartphones and tablets to access business applications has become common practice in large companies. The growth of the large enterprise segment in the MDM market can be attributed to the increasing adoption of mobile devices by enterprises and the importance of mobile applications as an effective means of connecting organizations, their customers and their employees.

Cloud deployment is expected to experience higher growth rate during the forecast period

By mode of deployment, cloud is expected to have a higher growth rate. Benefits include flexibility, scalability, affordability, operational efficiency, and low costs. This is due to the associated functionality and basic characteristics. Additional advantages of cloud-based solutions include efficiency when used by various users, reduced initial costs, easy deployment of new projects, no hardware investments, low maintenance costs and reduced infrastructure costs.

iOS is expected to have a higher growth rate during the forecast period

By operating system, iOS is expected to have a higher growth rate. iOS is Apple’s proprietary operating system and is specifically designed to run on Apple devices. The company offers iOS in several devices, such as the iPhone, which is the company’s flagship product. iOS is a significant contributor to the overall mobile operating system segment. Apple provides several built-in security features and software updates to provide maximum security for its mobile devices. These devices include startup and runtime protections to maintain device integrity during ongoing mobile operations. The iOS security model only allows the installation of applications signed by Apple.

APAC will have a higher growth rate during the forecast period

By region, APAC is expected to grow at the highest CAGR over the forecast period. The mobile device management market in APAC region is expected to witness high growth in the coming years owing to the steady economic growth, increase in young workforce and usage of tablets and smartphones for professional purposes that will lead to the adaptation of enterprise mobility solutions to meet the growing demands for securing and protecting critical data. Addiction to the BYOD trend is expected to be emerging in India as the country is home to several medium and large enterprises that have enabled employees to carry their devices around office campuses.

Market dynamics

Drivers

  • Immense growth of the mobile workforce within companies

  • Proliferation of new mobile devices on the market

  • Network access control initiated by Mdm

  • Increased productivity and employee satisfaction

  • Uptrend of Byod

Constraints

  • Compliance with strict government rules and regulations

  • Security issues with devices

Opportunities

  • 5G to transform the importance of mobile devices

  • Leveraging Ueba in Mdm Solutions

  • Adoption of cloud-based technology to drive usage of Mdm solution

Challenges

  • Businesses are facing complex mobility challenges due to the increasing number of mobile devices, platforms and OS

  • Mdm solutions to meet all business needs for a consistent user experience

Companies cited

  • vmware

  • Microsoft

  • IBM

  • Blackberry

  • Citrix

  • google

  • Cisco

  • Samsung

  • Micro focus

  • zoho

  • solar winds

  • Sap

  • quest software

  • Ivanti

  • Sophos

  • Soti

  • Jamf

  • Qualys

  • Snow software

  • Matrix42

  • Ripple

  • 42Gears Mobility Systems

  • Promobi Technologies

  • Baramundi Software

  • Mitsogo

  • Code-proof technologies

  • Apptec

  • Addy

  • Kanji

For more information on this report visit https://www.researchandmarkets.com/r/fsagz5