PUBLISHER: The Insight Partners | PRODUCT CODE: 1764878
PUBLISHER: The Insight Partners | PRODUCT CODE: 1764878
The South & Central America unified endpoint management market was valued at US$ 397.94 million in 2023 and is expected to reach US$ 2,879.98 million by 2031; it is anticipated to reach a CAGR of 28.1% from 2023 to 2031.
Wide Application Scope across SMEs Fuels South & Central America Unified Endpoint Management Market
Small and medium-sized enterprises (SMEs) are still in the growth stage of adopting advanced technology solutions such as unified endpoint management by replacing traditional endpoint management solutions. The lack of resources and awareness about the potential cost and productivity benefits of unified endpoint management solutions have impacted the adoption of these solutions among SMEs. However, with the growing popularity of cloud-based unified endpoint management, SMEs are increasingly investing in such solutions. Key companies such as Citrix Systems, Inc.; VMware, Inc.; and Microsoft Corporation are offering cloud-based UEM solutions/subscriptions at competitive prices for SMEs to increase their revenue and market share. The rising trend of digital transformation among these enterprises to improve business processes, enhance productivity, and reduce costs will boost the adoption of unified endpoint management solutions and services among SMEs. Thus, the wide application scope of unified endpoint management solutions is expected to create growth opportunities for the market players over the forecast period.
South & Central America Unified Endpoint Management Market Overview
The South & Central America unified endpoint management market is segmented into Brazil, Argentina, and the Rest of South & Central America. The region is witnessing a significant increase in the demand for unified endpoint management solutions. The increasing usage of mobile devices among the workforce in South & Central America has contributed to the demand for unified endpoint management solutions. For instance, as per the GSMA The Mobile Economy Latin America 2024 report, in 2023, mobile technology and services contributed 8% of the region's GDP, totaling US$ 520 billion in economic value added. Also, 418 million individuals in South & Central America (65% of the population) utilized mobile internet, recording 75 million increases in the past five years. By April of 2023, 29 operators in 10 countries have launched commercial 5G services, accounting for 5% of connections, and predicted to reach 55% by the end of the decade, with 5G displacing 4G as the primary technology. Organizations need a comprehensive solution to manage and secure a wide range of devices, including smartphones and tablets, while ensuring productivity and data protection. Therefore, the firms in the region recognize the importance of unified endpoint management solutions in managing and securing their endpoints, enabling efficient remote work, and ensuring compliance with data protection regulations.
South & Central America Unified Endpoint Management Market Revenue and Forecast to 2031 (US$ Million)
South & Central America Unified Endpoint Management Market Segmentation
The South & Central America unified endpoint management market is categorized into component, deployment type, platform, organization size, end user, and country.
Based on component, the South & Central America unified endpoint management market is bifurcated into solutions and services. The solutions segment held a larger market share in 2023.
By deployment type, the South & Central America unified endpoint management market is segmented into cloud based and on-premise. The cloud-based segment held a larger market share in 2023.
In the terms of platform, the South & Central America unified endpoint management market is divided into desktop and mobile. The desktop segment held a larger market share in 2023.
By organization size, the South & Central America unified endpoint management market is segmented into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.
Based on end user, the South & Central America unified endpoint management market is segmented into BFSI, government and defense, healthcare, IT and telecom, automotive and transportation, retail, manufacturing, and others. The IT and telecom segment held the largest market share in 2023.
By country, the South & Central America unified endpoint management market is segmented Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America unified endpoint management market share in 2023.
BlackBerry Ltd; HCL Technologies Ltd; Mitsogo Inc; Sophos Ltd.; SOTI Inc.; STEFANINI; TANGOE; Zoho Corp Pvt Ltd; Ivanti; Citrix Systems Inc; International Business Machines Corp; Microsoft Corp; and Open Text Corp are some of the leading companies operating in the South & Central America unified endpoint management market.