Mobile device

Global Mobile Device Management Market Expected to Surpass

New York, United States, June 20, 2022 (GLOBE NEWSWIRE) — A new report on the global mobile device management market has been added by Research Dive to its repository. According to the report, the global market is expected to reach $24,161.1 million by 2027getting up suddenly 28.2% CAGR of 2019 to 2027. This report is an in-depth study offering a meticulous insight into the current status and future scope of the global industry. The report is authored by expert market analysts and guaranteed to be a reliable source of comprehensive market data and information for new market players, investors, dominating players, stakeholders, shareholders, etc. .

The report segments the global mobile device management market depending on organization size, deployment type, vertical, and region.

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Small and medium-sized enterprises sub-segment to observe the highest growth

Among the organization size segment, the small and medium enterprise sub-segment is expected to dominate the market, growing with a CAGR of 29.7% over the estimated period. This is mainly due to the growing demand and acceptance of mobile devices in several small and medium enterprises to enable the smooth functioning of remote operational work.

The cloud sub-segment will experience dominant growth

Among the deployment type segment, the cloud sub-segment is expected to grab the highest market share, growing with a CAGR of 29.9% over the estimated period. This is mainly due to the growing adoption of cloud services in mobile device management, as they improve workforce efficiency by enabling remote working and provide access to organizational data anytime and anywhere. place without compromising the security of sensitive data.

Detail Sub-segment to witness maximum growth

Among the vertical segment, the retail sub-segment is expected to grab the largest market share, growing with a CAGR of 29.4% over the estimated period. This is mainly due to the increasing adoption of mobile devices in the retail rector for managing operational work and securing organizational data.

Asia-Pacific Mobile Device Management Market to Witness Rapid Growth

The report analyzes the global mobile device management market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. Among these, the Asia-Pacific region market is estimated to observe growth with a CAGR of 29.1% over the estimated period. The growth of the market in the region is mainly due to the growing implementation of mobile device management solutions by several companies moving into this region.
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Impact of the COVID-19 Pandemic on the Mobile Device Management Market:

Sharp rise of COVID-19 pandemic in 2020 has had an optimistic impact on the growth of the global Mobile Device Management market. The implementation of lockdown restrictions has brought work to a halt for many businesses, forcing them to embrace a work-from-home culture. This has significantly boosted the demand for mobile device management services worldwide to protect organizational data. All these factors have significantly propelled the growth of the mobile device management market amid the pandemic period.

Factors Impacting Mobile Device Management Market Growth:

The key factor driving the growth of the global mobile device management market is the concern of organizations to protect corporate data while working remotely. Additionally, growing technical developments in mobile device management methods and rise in cyber attacks across various industrial sectors are expected to open doors for beneficial opportunities for market growth over the forecast period. However, the implementation of strict rules and regulations by the government regarding access to organizational data is expected to hamper the growth of the market.

Key Mobile Device Management Market Players:

The report lists some of the key players operating in the global industry including

  1. blackberry
  2. IBM
  3. Cisco System Inc.
  4. SAP
  5. Google
  6. Microsoft
  7. Samsung
  8. Citrix Systems Inc.
  9. quest software
  10. VMware Inc., and others.

The report also offers several cutting-edge tactics and approaches such as key strategic moves and developments, product/service mix, business performance, Porter’s Five Forces analysis, and SWOT analysis of major players operating in the global industry.

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For instance, in December 2020, Googlean American multinational technology company, has launched a new mobile management and security solution, Android Enterprise Essentials, which, whatever its name, is actually designed for small and medium-sized businesses.

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