PUBLISHER: SkyQuest | PRODUCT CODE: 1244281
PUBLISHER: SkyQuest | PRODUCT CODE: 1244281
Global Mobile Device Management market size was valued at USD 3.97 billion in 2021, and the market size is estimated to reach USD 17.79 billion by 2028, at a CAGR of 23.9% over the forecast period (2022-2028).
Remotely controlling mobile devices is what it means to manage devices that let users utilise their tablets and phones to carry out particular tasks. It offers several features, such as device security, location tracking, device provisioning, and enrollment. If the mobile device is lost or stolen, it also helps staff delete data. The MDM tool also enables real-time reporting and monitoring, security standard enforcement, and inventory maintenance.
An increase in security to protect the volume of company data and a rise in enterprise adoption of BYOD are the main factors affecting the growth of the mobile device management industry (BYOD). The rise in stringent government laws for mobile device management and the increased compliance among businesses to secure data are other factors that support market expansion.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Mobile Device Management market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The global Mobile Device Management market is segmented based on component, operating system, deployment mode, organisation size, vertical, and region. Based on component, the Mobile Device Management market is segmented into Solution, Services. Based on operating system, the Mobile Device Management market is segmented into iOS, Android, Windows, MacOS, Others. Based on deployment mode, the Mobile Device Management market is segmented into On-Premises, Cloud. Based on organisation size, the Mobile Device Management market is segmented into Small and Medium Enterprises, Large Enterprises. Based on vertical, the Mobile Device Management market is segmented into Banking, Financial Services and Insurance, Telecom, Retail, Healthcare, Education, Transport and Logistics, Government and Public Sector, Manufacturing and Automotive, Others. Based on region, the Mobile Device Management market is categorized into North America, Europe, Asia-Pacific, and MEA.
Driver
The cloud strategy will help to reduce the security threats related to smart devices. Now, IT managers can more easily keep an eye on and limit the transit of data on these devices. Cloud-based enterprise mobility systems that support BYOD help to mitigate risk by managing personal and professional data on such devices. Indirect cost reductions in the company's IT infrastructure and maintenance are made possible by using the cloud and BYOD. Enterprises are more frequently using cloud services like Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Business as a Service (BaaS) to suit their business demands (Backend as a Service).
Restraints
Vendors of MDM solutions are unable to customise their offerings to match unique company needs. Businesses typically express their dissatisfaction with the MDM solution's inability to address flexibility and agility with multi-user connections. For mobile devices that connect to the business network, each firm has different security requirements. By integrating MDM into an organization's current management, security, and workflow controls, vendors face a variety of challenges. By enabling an IT administrator to manage and keep an eye on systems from a single point of entry, the right MDM solution, on the other hand, can increase security and efficiency.
Market Trends
The organisational shift towards the Bring Your Own Device (BYOD) model from traditional employment is one of the new trends. As more individuals work from home, businesses are having increasing trouble protecting their corporate networks. Many companies are now implementing "bring your own device" policies as a result. BYOD is being adopted by large organisations in a range of sectors, including government, healthcare, retail, and others, for a number of business applications. Associations employ this tactic to increase output effectiveness while reducing expenses associated with hardware upkeep and equipment purchases. To increase their global geographic footprint, players focus on the launch of novel products.