PUBLISHER: SkyQuest | PRODUCT CODE: 1427206
PUBLISHER: SkyQuest | PRODUCT CODE: 1427206
Global Enterprise Mobility Management Market size was valued at USD 5.35 Billion in 2022 and is poised to grow from USD 6.16 Billion in 2023 to USD 19.10 Billion by 2031, at a CAGR of 15.2% during the forecast period (2024-2031).
The utilization of mobility solutions in the market is expanding, largely driven by the increased adoption of CRM and ERP systems. ERP, a subset of business management software, is employed by organizations to collect, store, manage, and interpret data from various business operations. Typically, ERP consists of a suite of interconnected applications. To ensure intellectual property protection and a secure data management environment, mobile management solutions or services are often integrated into Enterprise Mobility Management (EMM) practices. As employees utilize smartphones for various tasks such as barcode scanning, payment processing, and transaction management, end-users like retailers require EMM solutions. Banks and their partners are also adjusting their policies to accommodate Bring Your Own Device (BYOD) practices and necessitate EMM for secure data management and regulatory compliance in financial transactions. However, the corporate mobility sector is anticipated to experience sluggish growth due to the high costs associated with implementation and limited awareness in emerging markets.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Enterprise Mobility 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 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 analysed to get the final quantitative and qualitative data.
Global Enterprise Mobility Management Market Segmental Analysis
Global Enterprise Mobility Management Market is segmented on the basis of component, deployment mode, enterprise size, device type and region. By component, the market is segmented into solution and services. By deployment mode, the market is segmented into on-premise and cloud. By enterprise size, the market is segmented into large and small & large enterprise. By device type, the market is segmented into laptop, tablet, smart phone. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers of the Global Enterprise Mobility Management Market
The widespread adoption of smartphones, tablets, and similar mobile devices is a common occurrence in today's workforce. Employees now heavily depend on these devices to access corporate resources, collaborate with colleagues, and carry out tasks related to their work. Consequently, organizations are embracing Enterprise Mobility Management (EMM) solutions to oversee and safeguard these devices, thereby guaranteeing data security, compliance, and overall productivity.
As mobile device usage grows and cyber threats proliferate, organizations prioritize security and data protection. Enterprise Mobility Management (EMM) solutions offer strong security functionalities, including data encryption, secure containerization, multi-factor authentication, and remote wipe capabilities. These features safeguard sensitive corporate data against unauthorized access and ensure adherence to data protection regulations.
Restraints in the Global Enterprise Mobility Management Market
Deploying EMM solutions can pose complexities and hurdles, especially for organizations with established IT infrastructure and legacy systems. Successfully integrating EMM solutions with pre-existing systems and applications demands meticulous planning, customization, and coordination. The intricacies involved in implementation and integration may present obstacles for organizations, particularly those with constrained IT resources or expertise.
Market Trends of the Global Enterprise Mobility Management Market
The Bring Your Own Device (BYOD) trend, wherein employees utilize their personal devices for work, has garnered substantial momentum. While BYOD provides flexibility and convenience to employees, it presents challenges in terms of data security and administration. EMM solutions empower organizations to implement BYOD policies, enforce security protocols, and segregate personal and corporate data, thus fostering a secure and efficient work environment.