The global market for mobile device management is projected to grow at an astounding CAGR of 22.7% from 2022 to 2032, reaching an estimated value of US$ 34540.2 Mn by that time. The mobile management market, which was worth US$ 3627.8 Mn in 2021, is anticipated to grow to US$ 4474.6 Mn in 2022. The demand for the mobile device management market will increase during the forecast period due to the rising use of mobiles and smartphones as well as the increased need for better security for various organizations.
One essential element of enterprise mobility management is the mobile device management components (EMM). The main goal of this management is to enhance the performance and security of all mobile devices used by a company. Mobile device management makes it possible to manage compliance initiatives from a centralised console. As a result, the demand for mobile device management will increase during the assessment period and businesses will be able to operate within the law.
Additionally, mobile device management offers unified endpoint management solutions, which is anticipated to positively influence trends in the adoption of mobile device management. Mobile device management (MDM) also keeps the devices up to date and in sync with a company’s most recent policies.
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Again, the expansion of the target market will be aided by the rising acceptance and demand for security technology. Better storage space, data backup capabilities, improved validity checks, and bring your own device (BYOD) trends are additional advantages of MDM that support market growth over the anticipated period.
- Advancing technology and introduction of smart mobile devices to stimulate market growth.
- Risk of data leakage, limited data visibility, and time-consuming security auditing may hamper the expansion of the target market.
- The cloud deployment segment will register a 22.8% CAGR.
- In terms of business size, large enterprises will account for the highest market share with a 23.4% CAGR.
- North America accounts for 40% of the global market share.
- The mobile device management market in the U.K. will expand at 22.7% CAGR.
- India’s mobile device management market will grow at a CAGR of 26.1%.
VMware Inc., Blackberry, Microsoft Corporations, Mobilerlon Inc., Citrix Systems Inc., SAP SE, IBM, SOTI Inc., JAMF, and CISCO among others are some of the major players in the mobile device management market profiled in the full version of the report.
Leading market players are focusing on strategic mergers and collaborations to expand their business. These organizations are also aiding other firms to adopt remote working setups by producing utilizing new technologies.
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More Insights into Mobile Device Management Market Report
In its latest report, FMI offers an unbiased analysis of the global mobile device management market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of deployment type (cloud, on premise), solution (device management, application management, content management, service management, security management), business size (large enterprises, SMBs), vertical (government, healthcare, education, BFSI, IT & telecommunication, retail, construction, transportation & logistics, manufacturing, media & entertainment), and region.
According to the latest FMI reports, based on segmentation, the cloud deployment segment and the large enterprises are expected to contribute the most to the market growth of mobile device management solutions. In addition to this, the service management solution segment will be the fastest growing segment in mobile device management market.
Based on region, the mobile device management market in North America is expected to be the largest market with about 40% of the global shares. It is likely to continue a rapid growth rate over the forecast period. The rapidly advancing IT sector and escalating data security concerns are propelling the market growth in this region. With a staggering 23.4% CAGR, the United States is driving the target market growth in North America. The U.K., India, China, and Japan are a few other countries that will likely undergo impressive market growth over the forecast period.
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Key Segments in the Mobile Device Management Market
By Deployment Type:
- Device Management
- Application Management
- Content Management
- Service Management
- Security Management
By Business Size:
- Large Enterprises
- IT & Telecommunication
- Retail, Construction
- Transportation & Logistics
- Media & Entertainment
- North America
- Latin America
- Asia Pacific