Mobile device

Mobile Device Management Market to Reach USD 98.71 Billion by 2030 with a CAGR of 27.8%

BANGALORE, India, August 10, 2021 /PRNewswire/ — mobile device management market By component (solution and service) deployment model (cloud and on-premises), enterprise size (large enterprise and small and medium enterprises) and vertical sector (BFSI, healthcare, government and public sector, IT and telecommunications, sales Retail, Education, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030. It is published in Appreciate the reports under the IT and electronics Category.

The Global Mobile Device Management (MDM) Market Size has been valued at $8.49 billion in 2020 and is expected to reach $98.71 billion by 2030, growing at a CAGR of 27.8% from 2021 to 2030.

Major factors driving the Mobile Device Management market growth are:

  • The growing mobile workforce along with the adoption of BYOD to improve worker productivity, allowing them to work from anywhere, anytime and access company data on the go, has increased the demand for MDM solutions.
  • In addition, the COVID outbreak is expected to drive the mobile device management market owing to the imposition of lockdown restrictions and rise in work-from-home culture. The growth in the number of workers working remotely increases the risk of non-compliance and puts sensitive data at risk. Enterprises use mobile device management solutions to strengthen control and security features to mitigate this risk.
  • Rise in enterprise compliance to protect data and increase in stringent government regulation for mobile device management is driving the growth of the market.
  • The mobile device management market is expected to grow owing to a huge increase in cloud-based deployment by small and medium enterprises. Another important reason that should accelerate the expansion of mobile device management is the integration of mobile device management capabilities into the UEM suite.

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TRENDS INFLUENCING THE GROWTH OF THE MOBILE DEVICE MANAGEMENT MARKET

Mobile devices store and transmit a massive amount of business and personal data. While mobile devices have improved employee productivity and enjoyment, they have also raised security concerns regarding corporate data, which is at risk of being accessed by employees through their mobile devices. Therefore, lost or stolen mobile devices, as well as a dishonest employee, could result in the loss of valuable business information. IT administrators can remotely lock the device to prevent illegal data access and retrieve device location using MDM security processes. Hence, growing security concerns to protect huge corporate data is expected to increase the growth of the mobile device management market.

Operating in accordance with IT standards and guidelines is of utmost importance for organizations. However, when there are so many devices to track, it can be difficult to ensure that they are all compliant. Compliance initiatives can be controlled from a single unified console with mobile device management, enabling better protection while meeting legal standards. This feature is expected to drive the growth of the mobile device management market.

Additionally, MDM frees up resources and manpower for more complex projects by automating many of the time-consuming and labor-intensive operations involved in monitoring an entire fleet of mobile devices. In this way, it reduces the IT needs of organizations.

Due to the high implementation costs of mobile device management solutions, small and medium enterprises are unable to provide an effective MDM solution, which limits the growth of the market. Additionally, there are a variety of fees associated with MDM services such as consulting, maintenance, installation, onboarding, upgrades, and more. This is the main stumbling block to market expansion.

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MOBILE DEVICE MANAGEMENT MARKET SHARE ANALYSIS

Based on the industry verticals, the IT and telecommunications sector is expected to be the top end-user during the forecast period. However, the education segment is projected as one of the most lucrative segments.

Based on the region, Asia Pacific and Europe dominated the market in 2020. Asia Pacific is expected to post the highest CAGR of 28.9% in 2020-2030

Based on deployment, the Cloud segment is projected as one of the most lucrative segments.

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Key segments of the mobile device management market

By component

By deployment model

By business size

  • Large companies
  • Small and medium enterprises

By industry vertical

  • BFSI
  • Health care
  • Government and public sector
  • IT & Telecom
  • Retail
  • Educative
  • Others

By region

  • North America
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Major players in the Mobile Device Management industry are Citrix Systems Inc., Microsoft Corporation, Blackberry Ltd., IBM Corporation, Samsung Electronics, Cisco System Inc., Vmware Inc., SAP SE, Quest Software, Sophos Ltd.

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SIMILAR REPORTS:

– Global Mobile Application Management Market The research report contains market size, market share, market dynamics, Porter’s 5 forces analysis, segmentation, regional and competitor analysis. Product: Mobile Application Management, Product Type: Cloud-Based, On-Premise, Application: iOS, Android.

– The Global Mobile Data Protection Market the size should reach $7696.3 million by 2027, $3232.7 million in 2020, at a CAGR of 12.7% over the period 2021-2027.

– Global Mobile Device Management (MDM) Software Market The research report contains market size, market share, market dynamics, Porter’s 5 forces analysis, segmentation, regional and competitor analysis. Product: Mobile Device Management (MDM) Software, Product Type: Cloud-Based, On-Premise, Application: Large Enterprise, SMB.

– Global Enterprise Mobile Management (EMM) Market The research report contains market size, market share, market dynamics, Porter’s 5 forces analysis, segmentation, regional and competitor analysis. Product: Enterprise Mobile Management (EMM), Product Type: Mobile Application Management (MAM), Mobile Information Management (MIM), Mobile Device Management (MDM), Application: Consumer Goods, Retail, Automotive, BFSI, Healthcare health, IT.

– The Global Mobile middleware market the size should reach $7476.9 million by 2026, $3,369.9 million in 2019, at a CAGR of 11.6% over the period 2021-2026.

– The Global mobile security market the size should reach USD 14,460 million by 2027, $4561.2 million in 2020, at a CAGR of 17.4% over the period 2021-2027.

High Security Mobility Management Market offers companies new ways to improve the security of the mobile devices used by their employees. High security mobility management solution provides real-time alerts and high-end security in enterprise business operations. High-security mobility management enables secure sharing of files and documents on mobile devices, and also develops secure code and protects mobile applications from data leaks.

Mobile Content Management (MCM) is a type of software that allows content to be easily and securely shared from any device in a specific company. With more and more employees bringing mobile devices into the workplace for business purposes, it is important that companies are able to manage the content that appears on these devices to ensure that information from the business are consistent and remain secure.

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Global Mobile Data Protection Solutions Market Size, Status and Forecast 2021-2027

Global Enterprise Mobility Solutions Market Size, Status and Forecast 2021-2027

Global Managed Mobility Services Market Size, Status and Forecast 2021-2027

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