Mobile Device Management Market: Global Industry Analysis and Forecasts 2023-2029

Mobile Device Management Market was valued at US$ 4.79 Bn. in 2022. The Global Mobile Device Management Market size is estimated to grow at a CAGR of 24.2 % over the forecast period.
Mobile Device Management Market Overview:
IT teams and administrators can use mobile device management solutions to control and deploy security policies to mobile devices that access critical corporate data in their enterprises, maintaining the security of the corporate network. The report explores the Mobile Device Management market segments (Component, Deployment, Organization Size, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America).

This market report provides a thorough analysis of the rapid advances that are currently taking place across all Organization Size sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2022. The report investigates the Mobile Device Management market drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Mobile Device Management market & contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Mobile Device Management Market Dynamics:
New mobile devices are being introduced to the market:

Most businesses are experiencing an increase in the usage of mobile devices to boost employee productivity by allowing them to access emails, calendars, and other information from anywhere. New mobile technologies are also being used by businesses to obtain a competitive advantage in the market. As a result, businesses are being forced to incorporate mobile security procedures such as MDM, mobile content management, and mobile application management, as a result of the growth in mobility. IT administrators can now manage smartphones, chrome books, tablets, and kiosk devices all from one place.

Users and devices can be managed remotely:

Remote management is a procedure that allows administrators to use a remote to take complete control of all activities of users and their devices. Consumer would be able to edit and write your applications from your computer's IIS server via remote management. Installing and configuring the feature is simple, therefore everyone should learn how to accomplish it. Organizations that have implemented this software reap a slew of benefits. These advantages of Mobile Device Management allow secure remote management by encrypting sensitive data while data is transmitted between the server and administration tools as you pass through firewalls. In the event that something goes wrong with the user or the device, the manager has complete control over the setting.

Regulatory requirements in every work process:

Regulatory requirements refers to an organization's conformity to relevant laws, regulations, guidelines, and specifications. The advantages of Mobile Device Management ensure that employees follow the company's regulations in terms of how they care for their devices in all areas, as well as much more.

Growing Device Security Concerns:

Growing number of devices and endpoints in a company increases the number of ways hackers can potentially exploit such endpoints and devices. A solid mobile security approach begins with a strong data centre. Hackers attempt to get network access in order to steal and/or encrypt sensitive corporate information. Even companies with stringent security and compliance requirements for all sensitive data don't often have the same stringent security safeguards in place for mobile devices. A data breach has been reported by many global leaders as a result of a mobile security vulnerability. According to the same poll, 95% of respondents believe that increasing the amount of data stored on or accessed by mobile devices raises the chance of a security breach. Bringing all mobile devices under the umbrella of MDM software would help the company close vulnerable gaps.

High Mobile Device Management solution implementation costs in SMEs:

Due to the high implementation costs of MDM systems, small and medium-sized businesses are unable to provide an efficient MDM solution, limiting the growth of the mobile device management Organization Size. Also, MDM services come with a slew of expenditures, including integration, consulting, maintenance, installation, and updates, among others, all of which limit market growth.

Opportunity: The use of Mobile Device Management solutions is increasing due to the adoption of cloud-based technology:

The cloud method would help to alleviate the security risks that smart devices bring. IT managers would find it easier to monitor and control data movement on such devices. By managing personal and professional data on such devices, cloud-based workplace mobility systems that support BYOD would lower the risk element. The company's IT infrastructure and maintenance costs are reduced indirectly as a result of cloud and BYOD implementation. To meet their business demands, companies are increasingly turning to cloud services such as Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Backend as a Service (BaaS).

Challenge: Mobile Device Management solutions to match all business requirements for a uniform end-user experience

MDM solution providers are unable to tailor the solution to meet specific corporate needs. Enterprises frequently express dissatisfaction with MDM solutions' failure to manage flexibility and agility with multi-user connections. Every company has its own set of security requirements for mobile devices that connect to the corporate network. While integrating MDM into an organization's existing security and management controls and workflows, vendors face a number of hurdles. The correct MDM solution, on the other hand, can improve both security and efficiency by allowing an IT administrator to operate and monitor systems from a single location.

Mobile Device Management Market Trends:

The market is expected to develop in the next years due to a considerable increase in cloud-based adoption by Small and medium enterprises. Another significant element expected to fuel market growth in the near future is the integration of mobile device management features into the Limited suite. On the other hand, the decline in BYOD acceptance among enterprises, as well as people's apprehension about utilizing mobile device management solutions on their personal devices, are expected to stifle the market's growth in the coming years. Nonetheless, growing productivity of both businesses and people would boost the market's overall growth in the coming years.
Mobile Device Management Market Segment Analysis:
On the basis of Component the market is split into two categories: software and services. Software has accounted for market share of 59% in 2022. The demand for MDM software such as mobile application management, business mobility management, mobile content management, and others is increasing. To extend the segment's growth, major players in the market are creating and implementing new MDM solutions.

During the forecast period, services are expected to grow at CAGR of 7.1%. MDM services ensure that data is implemented, updated, and available throughout the lifecycle of MDM systems. By lowering the danger of security risks, these services help to reduce the risk of misplacing and harming essential company data and information.

Basis of End-User BFSI, IT & telecommunications, government, healthcare, retail, and others are the different segments of the market (transportation, education, and others.) Because of the high-value data and content that requires security-related software and services, the government sector has the biggest market share of 53% in 2022. Governments often have stricter security standards than large corporations, and safeguarding devices and sensitive information is critical. To help public-sector firms comply with standards and enhance operational efficiency, MDM employs automation solutions.

Among all industries, IT & telecommunications is forecasted to grow at the fastest rate during the forecast period. In the IT and telecom industries, a significant volume of data has been used for business process management, security management, application management, and data privacy. In the future years, rising worries about data security and the necessity for MDM solutions in IT and telecom would drive up demand in the Organization Size.
Mobile Device Management Market Regional Insights:
The North America’s region held the largest market share accounting for 42.3% in 2022.North America, Asia Pacific, Europe, the Middle East and Africa, and Latin Multinational enterprises that are actively upgrading their mobile IT infrastructure to satisfy the needs of changing competitive conditions and keep up with the major regional diversity in compliance standards are credited with the region's success. Despite its maturity, the region would continue to flourish as big corporations increase their installations and use bespoke application development tools and mobile collaboration software.

During the forecast period, Asia Pacific is expected to grow at the fastest rate. Due to rising urbanisation and a surge in demand for managing an expanding number of mobile devices, the area is likely to offer the most tempting opportunities for MDM suppliers. Economies such as India and China are expected to drive up demand for MDM in this region.

Mobile Device Management Market Competitive Landscape:

Many organisations that provide MDM services and solutions are witnessing growth as a result of the leading players in terms of regions. These firms have a sizable part of the growing mobile device management market, as well as a high level of predictability for the future. IBM Corporations and Microsoft (both in the United States), Citrix Systems (in the United States), BlackBerry (in Canada), VMware (in the United States), SAP (in Germany), and Sophos (in the United States) are among them (UK). There are several more great service providers include Mitsosgo of the USA, as well as, 42Gears Mobility Systems belonging to the Indian subcontinent.

BlackBerry is quickly establishing itself as the market leader. This is due to the fact that the MDM services and solutions it offers on the market are visible and tend to manage the customers' devices. According to the mobile device management market compliances, this mobility is assisting clients in developing a confidence factor for their data being completely protected.

The objective of the report is to present a comprehensive analysis of the global Mobile Device Management Market to the stakeholders in the Organization Size. The past and current status of the Organization Size with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Organization Size with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the Organization Size to the decision-makers.

The reports also help in understanding the global Mobile Device Management Market dynamic, and structure by analyzing the market segments and projecting the Mobile Device Management Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the global Mobile Device Management Market make the report investor’s guide.
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Global Mobile Device Management Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 4.79 Bn


Forecast Period 2023 to 2029 CAGR:
24.2%
Market Size in 2029:
US $ 21.85 Bn


 Segments Covered:
by Component
Software
Service


by Deployment
On-Premises
Cloud


by Organization Size
Small and Medium Enterprises
Large Enterprises


by End-User
BFSI
IT and Telecommunication
Government
Healthcare
Retail
Others (Transportation, Education, Others)



Mobile Device Management Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Mobile Device Management Market Key Players:
1.Microsoft Corporation
2. Blackberry
3. Citrix Systems
4. VMware
5. IBM
6. SAP
7. Sophos
8. Soti Optial
9. MOBILEIRON INC.
10. Ventraq Corporation
11. Broadcom
12. Mitsogo Inc.
13. 42Gears Mobility Systems Pvt Ltd.
14. FiberLink Communications
15. ZOHO Corporation
16. Absolute Software Inc.
17. Apple Inc.
18. NortonLifeLock Inc.
19. Cisco Systems Inc.
20. Ivanti
21. Matrix42AG

Frequently Asked Questions:

1] What is the market size and growth rate of the Global Mobile Device Management market as per the forecasting period?
Ans. Forecasted market size US$ 21.85 Bn. till 2029, with a CAGR of 24.2 %.

2] What are the Restraints in the Global Mobile Device Management market?
Ans. High Mobile Device Management solution implementation costs in SMEs, Device security concerns are some of the restraints of the mobile device management market.

3] Which region is expected to hold the highest share in the Global Mobile Device Management Market?
Ans. The North-America region is expected to hold the highest share in the Mobile Device Management Market. With the accounting revenue share of 42.3% in 2022.

4] Which are the leading key players in the Global Mobile Device Management market?
Ans. Microsoft Corporation, Blackberry, Citrix Systems, VMware, IBM, SAP, Sophos are some of the key players of Mobile Device Management market.

5] What segments are covered in the Global Mobile Device Management Market?
Ans. The Mobile Device Management market is segmented into component, deployment, organization size, end-user and region.