The global mobile device management market is expected to reach US$ 73.54 Bn by 2032 from US$ 7.13 Bn in 2022, thriving at a highly strong CAGR of 29.6% throughout the forecast period.
As device integration penetrates the corporate spaces and security concerns regarding data theft and cybercrimes increase, mobile device management solutions are rising, and businesses have started implementing these solutions into the grid to prevent any cyber attack.
Mobile device management systems are not only used for safety and security but also for enhancing and increasing the productivity of workers by easing the tasks and systemizing the workforce with the latest technology.
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With the spread of covid-19, the government has shut down the office spaces and pushed towards the work from home procedure. This procedure demands the utmost security as employees work remotely, and chances of data theft are high. Small and medium enterprises are the most benefited from mobile device management systems.
High penetration of mobile devices and enhanced network bandwidths like 4G and 5G along with offices enabling their workforce with these devices so that they can access email, calendars and workflow from anywhere, increasing the sales of mobile device management systems worldwide.
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As competitors proliferate in the corporate spaces, businesses rely on mobile and nanotechnologies and mobile device management apps help in managing these devices well through integration, increasing the operability.
Integration of BYOD, SaaS (Software as a service) and cloud computing with mobile device management systems are making the devices smart, and cloud-based enterprise systems help the BYOD in enhancing the productivity of the total workforce. This reduces the overall maintenance and infrastructure costs of the company.
Businesses that provide constant customer support and increase workflow flexibility while enabling the admin to provide specific security channels for the company data and corporate network, increasing the sales of mobile device management (MDM) systems.
The flexibility once the MDM solutions are implemented decreases because of the compliance and security restrictions. This restricts the workforce from catering to specific business requirements, facing the challenges of management controls and workflows.
- The services segment of the mobile device management market is expected to lead in the component category through the forecast period, including professional services and managed services.
- Large enterprises hold prominence and are likely to hold the largest portion of the mobile device management market, increasing the adoption of mobile devices among businesses.
- The cloud deployment type is the biggest in the mobile device management market per deployment type, increasing the scalability, affordability, operational efficiency and low costs.
- By operating system, iOS is likely to hold the biggest portion in the forecast period, increasing the security and management levels of apple devices.
- North America is the world’s fastest-growing region, accounting for the lion’s share of the worldwide business-to-consumer industry. In addition, businesses are investing in MDM systems, which increased with the ongoing digitization of the corporate spaces.
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The mobile device management market is highly competitive, with multiple vendors with a cost list. Microsoft, IBM, Blackberry, Google, Cisco, Citrix, ProMobi, SOTI, and Sophos are some of the major companies. These vendors use product releases, significant R&D spending, partnerships, mergers and acquisitions, and other growth tactics to keep up with the fierce competition.
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