Mobile device

Mobile Device Management Market to Reach $20.4 Billion by 2026

The global mobile device management market size will grow from $5.5 billion in 2021 to $20.4 billion by 2026, growing at a compound annual growth rate (CAGR) of 29.8% during of the forecast period, according to MarketsandMarkets. The presence of various key players in the ecosystem has led to a competitive and diverse market.

Mobile device management solutions allow IT teams and administrators to control and distribute security policies to mobile devices accessing sensitive corporate data in their organizations, ensuring the security of the corporate network. With more and more employees using one or all of these devices, businesses of all shapes and sizes are now turning to mobile device management to improve data and network security and improve employee productivity. MDM solutions allow IT administrators to configure enterprise-grade security policies on mobile devices, making them enterprise-ready.

The Services to Record Higher Growth Rate in Mobile Device Management Market

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 have been classified into three categories: 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

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 Expected to See Higher Growth Rate

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

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.

North America to Hold Largest Market Size in Mobile Device Management Market

North America is expected to hold the largest market size in the global mobile device management market over the forecast period. with large-scale implementations of mobile device management solutions by enterprises over the past few years. This region has been extremely responsive to the adoption of the latest technological advancements, including mobile devices, cloud computing and IoT, within enterprises.

The United States is the main contributor in North America, as continuous innovation as well as the introduction of new technologies are the main factors for the growth of the American market.