Mobile Device Management Market registers a CAGR of 24.1% during the forecast period; Increased government initiatives to reduce carbon-intensive fuels, says Fortune Business Insights

Fortune Business Insights

The major players covered in the Mobile Device Management Market report are Mware Inc. (US), IBM Corporation (US), Microsoft Corporation (US), Zoho Corporation (India), Soti Inc. (Canada) and Cisco Systems Inc. (US), Citrix Systems Inc. (US), Samsung Electronics (South Korea), Blackberry Limited (Canada), SAP SE (Germany)

Pune, India, March 8, 2022 (GLOBE NEWSWIRE) – World Mobile Device Management Market was the size 3.10 billion USD at 2020. The market is expected to grow from 3.88 billion US dollars at 2021 to 17.64 billion US dollars at 2028displays a compound annual growth rate From 24.1% during the forecast period. Heavy reliance on mobile-related software and Bring Your Own Device (BYOD) is expected to fuel market growth. Fortune Business Insights™ This information is presented in its report entitledMobile Device Management Market, 2021-2028.

Mobile Device Management is responsible for managing applications, security, and enterprise mobility. Extensive adoption of mobile-related software from several sectors is expected to boost product adoption. Moreover, the increasing reliance on smart devices and rapid digitization is expected to increase the demand for products. Furthermore, the increased reliance on BYOD is expected to boost product adoption. These factors may drive the development of the market in the coming years.

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List of key players included in the report

• VMware Inc. (United State)
• IBM Corporation (USA)
• Microsoft Corporation (USA)
• Zoho Corporation (India)
• Soti Corporation (Canada)
• Cisco Systems Inc. (United State)
• Citrix Systems Inc. (United State)
• Samsung Electronics (South Korea)
• Blackberry Limited (Canada)
• SAP SE (Germany)

Impact of COVID-19

Rapid digitization and adoption of smart devices to advance market progress

This market is expected to be positively affected during the COVID-19 pandemic due to the rapid digitization and adoption of smart devices. The sudden rise in the number of COVID-19 patients has led to the adoption of a culture of working from home, and thus the increased use of smartphones. This factor increases the adoption of management programs. Moreover, the increased demand for software from the healthcare sector is expected to boost industry development during the pandemic.

Click here for the short- and long-term impact of COVID-19 on this market.

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Scope and segmentation report-

Report coverage

details

prediction period

From 2021 to 2028

Forecast period from 2021 to 2028 compound annual growth rate

24.1%

2028 Value Drop

17.64 billion US dollars

base year

2020

Market size in 2020

3.10 billion USD

Historical data about

2017 to 2019

number of pages

160

Sectors covered

By component, development, end-user, and region

growth engines

Increased adoption of cross-organizational mobility culture to help market growth

pitfalls and challenges

High implementation cost of MDM solution in SMEs and security issues to constrain market growth

Slices

Component, development, end-user, and region studied

By component, the market is segmented into software and services. By development, it is divided into cloud, on-premises and cloud. Based on the end user, they are categorized into retail, healthcare, government, ICT, BFSI, and others. Regionally, it is spread in North America, Europe, Latin America, the Middle East, Africa, and Asia Pacific.

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Report coverage

The report provides a detailed analysis of the most important sectors and the latest trends in the market. It comprehensively discusses the driving factors, limiting factors and the impact of COVID-19 on the market. In addition, it examines regional developments and the strategies pursued by the major players in the market.

Drivers and restrictions

Strong demand for management solutions from the academic and corporate sectors to support growth

The increasing reliance on personal devices and advanced functionality is expected to drive the adoption of mobile device management. The rise in sales of smartphones and tablets is expected to lead to the adoption of effective management solutions. Moreover, the increasing adoption of mobility culture from the corporate and academic sectors is expected to boost sales. Furthermore, improving content and data security is expected to enhance product adoption from corporate businesses. The software enables IT and professionals to manage kiosk devices, tablets, smartphones, and Chromebooks from a single platform. These factors may drive the growth of the mobile device management market.

However, security issues and significant investment costs for MDM solutions in SMEs may hinder market progress.

Regional Insights

The presence of many multinational companies to support the growth of the market in North America

North America is expected to dominate the global mobile device management market share, with many multinational companies expected to boost software adoption. The market in North America reached US$ 1.30 Billion in 2020 and is expected to gain a significant portion of the market share in the coming years. Moreover, the modernization of mobile IT infrastructures by the major players is expected to drive the development of the market.

In the Asia Pacific region, rapid urbanization and increased adoption of mobile devices are expected to drive mobile management solutions. This factor may enhance the development of the market in the region.

In Europe, increasing concerns about data security and growing awareness about the adoption of mobility solutions may lead to increased product adoption. Moreover, companies’ rapid adoption of mobility solutions may drive the industry.

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Competitive scene

Manufacturers update recently launched devices to increase sales

Notable companies operating in the market announced new updates to enhance the performance of the device and increase sales. For example, Tessco Technologies, Inc. will update its lifecycle management platform in December 2021. This update will enable comprehensive alerting, management, and monitoring in multi-vendor networks. It will allow consumers to offer and access new services by monitoring the device remotely. This development may enable companies to increase sales and improve annual revenues. Moreover, adopting R&D may enable manufacturers to offer better products and improve brand image.

industry development

content list

  • Introduction

  • Executive Summary

  • market dynamics

    • Macro and Micro Economic Indicators

    • Drivers, limitations, opportunities and trends

    • Impact of COVID-19

      • short term effect

      • Long term effect

  • Competition scene

    • Business Strategies Adopted by Major Players

    • Consolidated SWOT Analysis of Key Players

    • Insights and analysis on the global mobile device management market share, 2021

  • Estimates and Forecast of the Global Mobile Device Management (Quantitative Data) Market Size, by Segments, 2017-2028

    • Main results

    • By component (in US dollars)

    • By publication (in US dollars)

    • By end user (in US dollars)

    • By region (in US dollars)

      • North America

      • Latin america

      • Europe

      • Middle East and Africa

      • Asia Pacific

  • North America Mobile Device Management Market Size and Forecast (Quantitative Data), by Segments, 2017-2028

    • Main results

    • By component (in US dollars)

    • By publication (in US dollars)

    • By end user (in US dollars)

    • By country (in US dollars)

      • United States of America

      • Canada

      • Mexico

  • Latin America Mobile Device Management Market Size and Forecast (Quantitative Data), by Segment, 2017-2028

    • Main results

    • By component (in US dollars)

    • By publication (in US dollars)

    • By end user (in US dollars)

    • By country (in US dollars)

      • Brazil

      • Argentina

      • Rest of Latin America

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