Mobile device

With a CAGR of 23.9%, the mobile device management market is worth USD

Pune, India, July 12. 2022 (GLOBE NEWSWIRE) — The world mobile device management market the size reached USD 3.97 billion in 2021. The market value is expected to increase from USD 4.75 billion in 2022 to USD 21.30 billion in 2029, exhibiting a CAGR of 23.9% during the forecast period. The market is growing owing to the growing adoption of mobile-related software across various industries, such as BFSI and IT & Telecom, Fortune Business Insights says in its report titled “Mobile Device Management Market, 2022-2029 “.

Key industry development-

May 2022: VMware, Inc. and Wipro Limited have formed a partnership that enables consumers to experience the flexibility of the cloud while retaining control of the business as enterprises implement strategic transformations. This partnership combines Wipro Full Stride Cloud Services with VMware Cross-Cloud Services to enable global enterprises to improve application modernization while reducing the cost, complexity and risk of cloud migration.

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Report scope and segmentation

Report cover Details
Forecast period 2022 to 2029
Forecast Period 2022 to 2029 CAGR 23.9%
2029 value projection $21.30 billion
base year 2021
Mobile device management market size in 2021 $3.97 billion
Historical data for 2018 to 2020
Number of pages 160
Segments Covered Deployment, company size, end user and geography
Mobile Device Management Market Growth Drivers Growing adoption of mobility culture among organizations to drive market growth
High Cost of Implementing MDM Solution in SMBs and Security Issues to Limit Market Growth

Rising demand for mobile device management in healthcare and other industries will contribute to growth

Due to the global impact of the COVID-19 pandemic and its economic ramifications, market participants have found it difficult to react. According to International Data Corporation (IDC), the global IT and business market everywhere is expected to fall by 1.1% in 2020 and increase by just over 1% in 2021, according to International Data Corporation (IDC). The COVID-19 pandemic has forced many companies to move their processes from the office to the home.

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Drivers and Constraints-

Market growth is supported by organizations adopting mobility cultures

One of the main drivers of this culture is personal equipment, which offers more advanced functionality than company-owned devices and enables working anytime and anywhere. Smartphones and tablets have become many people’s favorite work technologies. As mobility becomes more common in academic and enterprise settings, it also requires more robust data and content security to prevent the misuse of critical data. However, due to the high cost of implementing MDM systems, small and medium enterprises cannot provide an effective MDM solution, which limits the growth of the mobile device management market.

Report cover-

The research report provides qualitative and quantitative product information and detailed analysis of market size and growth rate for all possible market segments. Additionally, the report discusses market dynamics, emerging trends, and competitive landscape.

Segments-

By Deployment, Cloud Will Hold Major Market Share

Based on deployment, the market is divided into cloud and on-premises.

The cloud segment is believed to hold a major market share during the forecast period due to its smooth, scalable and flexible features. Cloud-based solutions enhance IT functionality by enabling remote device management, enrollment, lockdown, and protection. Modern mobile devices run a variety of operating systems, requiring regular product performance updates to keep them running smoothly.

By company, large companies hold major market share

Based on enterprise size, the market is divided into SMEs and large enterprises.

In 2021, the large enterprise segment is expected to have the largest market share. This is mainly attributed to major players, such as VMware, Inc., Microsoft Corporation and others, which are increasing their investments in IT and cloud security solutions and product launches worldwide.

By End User Adoption of MDM Software in IT & Telecom Industry to Drive Market

The market is divided into BFSI, IT & Telecom, Government, Healthcare, Retail and Others based on the end user.

The healthcare segment holds the largest market share owing to high-value data and content that requires security-related processing. The healthcare segment often has higher security requirements than other industries to protect sensitive information and documents.

Geographically, the market is categorized into Asia Pacific, North America, South America, Europe, Middle East & Africa.

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Mobile Device Management Market Segments Per deployment
By business size
Per end user
  • BFSI
  • IT and Telecommunications
  • Government
  • Health care
  • Detail
  • Others

Regional outlook

During the forecast period, the North American mobile device management market share is expected to be the largest, accounting for 42.3% of the overall market. The region’s expansion can be attributed to multinational corporations actively improving their mobile IT infrastructure to meet the demands of changing competitive environments and keep up with significant regional variation in compliance rules.

Over the projection period, Asia-Pacific is expected to experience the fastest growth. Growing urbanization and increasing demand for managing an increasing number of mobile devices are two areas that are likely to present opportunities for MDM vendors. The Indian and Chinese economies are expected to increase the demand for mobile device management in this region.

The European market is experiencing significant growth in adoption practices and growing awareness and data security concerns. MDM solutions are most widely used in Germany, Spain and the UK. Businesses are rapidly adopting mobility solutions to reduce material costs and increase productivity. These solutions dominate the market in this region.

List of main market players:

  • VMware Inc. (US)
  • IBM Corporation (USA)
  • Microsoft Corporation (USA)
  • Checkpoint Software Technologies Ltd. (Israel)
  • Soti inc. (Canada)
  • Scale Fusion (India)
  • Citrix Systems Inc. (USA)
  • Mirador Ltd. (Finland)
  • Hexnode (US)
  • Codeproof Technologies Inc. (USA)

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Main table of contents:

  • Introduction
    • Definition, by segment
    • Methodology/Research Approach
    • Information source
  • Summary
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19
      • Short term impact
      • Long term impact
  • Competition Landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of key players
    • Global Mobile Device Management Key Players Market Share Insights and Analysis, 2021
  • Global mobile device management market size estimates and forecasts, by segments, 2018-2029
    • Main conclusions
    • Per deployment (USD)
    • By business size (USD)
    • Per end user (USD)
      • BFSI
      • IT & Telecom
      • Government
      • Health care
      • Detail
      • Others (transportation, education, etc.)
    • By region (USD)
      • North America
      • Latin America
      • Europe
      • Middle East and Africa
      • Asia Pacific
  • North America Mobile Device Management Market Size Estimates & Forecasts, By Segments, 2018-2029
    • Main conclusions
    • Per deployment (USD)
    • By business size (USD)
    • Per end user (USD)
      • BFSI
      • IT & Telecom
      • Government
      • Health care
      • Detail
      • Others (Transportation, Education, etc.)
    • By country (USD)
      • United States
      • Canada
      • Mexico
  • South America mobile device management market size estimates and forecast, by segments, 2018 – 2029
    • Main conclusions
    • Per deployment (USD)
    • By business size (USD)
    • Per end user (USD)
      • BFSI
      • IT & Telecom
      • Government
      • Health care
      • Detail
      • Others

TOC Continued…!

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