The global mobile device management market accounted for a value of 4.4 billion in 2019. Mobile device management market is projected to register growth at a CAGR of 16.0% during forecast period.
COVID-19 has impacted all the businesses across the world. In order to control the transmission of corona virus government of many countries has imposed lockdown and due to this lockdown manufacturing units have to halt its activities and offices have to adopt work from home traditions in which all company’s employees are working from remote locations outside corporate infrastructure. Many organizations have adopted BYOD policies under which employee are allowed to use their own devices for work and organizations have to give access to resources to stay productive. This made various organizations adopt MDM solutions. MDM provides management capabilities, security and helps in managing corporate devices. This pandemic has boosted growth of MDM solutions in the market.
For more details, visit: Global Mobile Device Management Market By Deployment (Cloud, On-Premises), By Component (Solutions, Services), By Operating System (Android, iOS Others), By End-User (BFSI, Retail, Others), By Region, Forecast & Opportunities to 2026
Mobile devices are used for storing and transferring huge amount of data. This data can be personal or corporate. The organizations need to ensure security of their data and this leads to rise in demand of mobile device management market during forecast period.
On the basis of deployment segment, the mobile device management market is segmented into cloud-based and on-premises. The cloud segment is estimated to grow at highest CAGR during forecast period. In cloud based deployment users can access MDM solutions virtually through internet. The cloud-based MDM solution has various advantages such as scalability, affordability and flexibility. It has higher operational efficiency and lower cost. This drives growth in cloud-based solutions segment during forecast period.
On the basis of end-users, the mobile device management market is segmented into BFSI, telecom, retail, healthcare, education, government & public sector, transportation & sector, manufacturing & automotive and others. The BFSI segment is estimated to lead the market during forecast period. The BFSI sector has to adopt BYOD trend due to situations. The remote working is growing in this segment this made several organizations to adopt MDM solutions. This is likely to drive growth in BFSI segment during forecast period.
North America region is projected to hold largest market share during forecast period. The digitization is increasing in this region. The dependency on BYOD and CYOD policies as it provides real time access to employees working remotely. are increasing in this region. The MDM solutions help in increasing efficiency and productivity of mobile devices. The adoption of MDM in this region increasing rapidly and this drives growth in North America region during forecast period.
The key market players in mobile device management market are IBM, Blackberry, Microsoft, Mobileiron, VMWare, Citrix System, Manageengine, Sophos, Soti, SAP, Google, Ivanti, Matrix42, Snow Software, Baramundi Software, Apptec and Jamf.
- What are the expected industry trends over the next three to five years?
- Which of the mobile device management deployment is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?