Mobile Device Management Market to Grow at Double Digit CAGR Through 2028
Increasing in security to protect the
abundance of corporate data and rise in adoption of bring your own device among
the enterprises are the major factors propelling the market
growth in the forecast period.
According to TechSci Research report, Mobile Device Management Market - By Region,
Competition Forecast & Opportunities, 2018-2028, the Mobile Device Management Market is expected to register robust growth during
the forecast period, 2022-2028. Devices without the security of mobile device management are at a
heightened risk of malware and other virus outbreaks that could compromise the
private data stored. Any compromise in personal data can constantly affect an
organization's reputation with its consumers and other industry partners, which
is one of the most critical aspects driving the market.
Significant
factors supporting the growth of the MDM market include the increasing use of
Bring Your Own Device (BYOD) and the rising security concerns to protect a huge
quantity of company data. BYOD growth is now clearly visible in the commercial
sphere. Every organization must therefore take the inventory of mobile devices,
which is continually increasing, into account. They use it as motivation to
build up a platform with strict control and high data security. `Additionally, cloud-based
solutions allow IT administrators to enrol, lock, manage, and protect devices
from a range. For the smooth operation of their platforms, modern mobile
devices require regular upgrades of the firmware on their various operating
systems. In contrast to an on-premises system, a cloud-based MDM solution
allows a faster response to such updating requirements.
Due
to its numerous benefits, cloud-based MDM solutions are preferred by most
industrial sectors, including manufacturing, telecom, transportation,
utilities, logistics, and retail. Due to limited resources and the
accessibility of cloud-based MDM solutions, Small and Medium-sized Enterprises
(SMEs) are also quickly switching to cloud deployment solutions.
One
of the key markets in North America, which may be mainly attributed to the
rising demand for cutting-edge technology across various regional end-user
sectors. The expansion of device technologies in the area is also boosting the
industry.
According
to systems integrator Champion Solutions Group (2015), 53% of US companies did
not have a formal BYOD policy at the beginning of the past few years. However,
BYOD trends have steadily increased since then. The region offers considerable
prospects for mobile device management suppliers because smaller companies
perform 99.9% over all commercial activity in the area.
Browse over XX market data Figures spread
through 110 Pages and an in-depth TOC on the "Global Mobile Device Management Market."
Based on deployment, the
market is segmented into cloud and on-premise. Cloud technology is predicted to provide the highest CAGR over the
expected growth period. The market for mobile device management is expected to
expand as a result of rising number of electronic devices, easy access to
online resources, and broad interest in cutting-edge technology.
Based on enterprises size, the market is divided into SMEs and large Enterprise. Large corporations are observed to grow rapidly due
to the influx of capital into the market, an increase in mobile phone
manufacturers, particularly those producing low-cost Android smartphones in
regions like APAC, North America, and others, and a rise in the adoption of
digital technology.
Based on end-users, the market is divided into telecom & information
technology, BFSI, healthcare, retail, government, and manufacturing. Mobile
device management is one technology that is being used extensively in the BFSI
sector. The MDM proves to be a lifeline for the BFSI sector since it focuses on
dealing to millions of consumers every day and updating their information
virtually every day. A large number of devices should always be quickly
enrolled in the BFSI. These include computers, printers, and kiosk devices. The
quick enrolment of these devices is made possible by mobile device management.
Additionally, MDM simplifies the overall process.
Key market players in the Mobile Device
Management Market: -
- VMware
Inc
- Blackberry
- Microsoft
Corporations
- Mobilerlon
Inc
- SAP
SE
- IBM
- SOTI
Inc
- JAMF
- CISCO
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"Nowadays IT staff in every organization
are using mobile device management (MDM) solutions across various end-user
sectors. Service providers are now placing more emphasis on wider enterprise
mobility management (EMM) solutions to effectively capture and serve the mobile
potential. Since now companies are more
concerned “about data security and privacy Owing to which market is expected to
grow with the high CAGR in the forecast period" said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
Mobile Device Management Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast. 2018-2028. Segmented By Deployment
(Cloud and on Premise), By Enterprise Size (SMEs and large Enterprise), By
End-User (Telecom & Information Technology, BFSI, Healthcare, Retail,
Government and Manufacturing) By Region, By Competition has
evaluated the future growth potential of Mobile Device Management Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities Mobile Device Management Market Email
Marketing Software market.
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