Global Mobile Device Management (MDM) Market (2021-2026) by Component, Operating System, Deployment, Organization Size, Vertical, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Mobile Device Management (MDM) Market (2021-2026) by Component, Operating System, Deployment, Organization Size, Vertical, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Mobile Device Management (MDM) Market is estimated to be USD 4.1 Bn in 2021 and is expected to reach USD 10.2 Bn by 2026, growing at a CAGR of 20.2%.

The rise in the adoption of BYOD programs within enterprises is driving the market. Enterprises across the world are allowing employees to work from anywhere, at any time, and using any device to access corporate data on the go has boosted the demand for MDM solutions. In addition to this, the expansion of new mobile devices in the market drives the implementation of mobile device management solutions. The growing security concerns to protect a large volume of sensitive corporate data are significant factors influencing the growth of the MDM market.

Conversely, the reluctance of the people to use the MDM solutions on their personal devices is likely to hinder the market growth. The budgetary constraints in deploying mobile device management solutions in small and medium-sized firms inhibit the development of the market for MDM solutions.

Market Dynamics

Drivers

• Immense Growth of The Mobile Workforce and BYOD within Enterprises
• The proliferation of New Mobile Devices in The Market
• Rising Security Concerns to Protect Enormous Corporate Data

Restraints

• Compliance With Stringent Government Rules And Regulations

Opportunities

• 5G to Transform The Importance of Mobile Devices
• Leveraging User and Entity Behavior Analytics (UEBA) into MDM Solutions

Challenges

• Enterprises face Complex Mobility Challenges due to The Growing Number of Mobile Devices, Platforms, And OS
• MDM Solutions to Cater to Every Business Need for a Consistent End-User Experience

Segments Covered

By Component, the Solution segment is expected to hold the largest market share during the forecast period. The adoption of new business applications and technologies & utilization of corporate-owned devices within the organizations is expected to drive the solution segment for MDM. Moreover, the increasing trend of bringing your own device (BYOD) is also contributing the MDM market's growth.

By Operating System, the Android segment holds the largest market share. This type of OS offers a free and publicly available software kit for application development that consists of tools, documents, and emulators necessary for the development of new applications. As any developer can generate revenue by posting an application on Google Play Store, they are continuously developing new and innovative applications for the Android OS and deploying them on Google Play. People are actively adopting the Android OS in the future because of its rich application ecosystem.

By Deployment, the Cloud segment is anticipated to grow at the highest CAGR. Consumers can access MDM solutions virtually through the internet. The advantages of implementing cloud-based MDM solutions include flexibility, scalability, affordability, and operational efficiency. Due to the associated functionalities and features, the demand for the cloud deployment model is expected to increase faster.

By Organization Size, Large Enterprises holds the maximum market share. Large enterprises have multiple business verticals and a decentralized workforce. Also, they often exchange sensitive data that needs to be secured and protected from external attacks. Large enterprises have significant budgets to deploy sophisticated MDM solutions in different verticals. Deploying MDM solutions are also helping large enterprises in managing, controlling, and securing many mobile devices. The use of smartphones and tablets to access business applications and increase operational efficiency has become common in large enterprises.

By Vertical, BFSI vertical is estimated to hold the largest market share. The increasing trend of BYOD in the BFSI sector has led to the awareness of MDM solutions' adoption. Several organizations in this sector are actively focusing on enhancing workplace mobility and streamlining business operations, thereby improving employee productivity and customer satisfaction.

By Geography, North America is projected to lead the market. Due to rapid digitalization in this region, the need to increase mobile devices' efficiency and productivity is increasing. A rise in the BYOD and CYOD trends in this region provides employees real-time access to various data and applications, which has also led to the growth of the MDM market in this region. An increase in the usage of mobile devices by employees at work in all enterprise sizes is boosting the growth of the market.

The Global Mobile Device Management (MDM) Market is segmented further based on Component, Operating System, Deployment, Organization Size, Vertical, and Geography.

Company Profiles

Some of the companies covered in this report are IBM, Cisco, Blackberry, Samsung, SOTI, SAP, Citrix Systems, Microsoft, VMware, Mobilelron, Sophos Group, JAMF, Miradore, AppTec360, Quest Software, SolarWinds, etc.

IGR Competitive Quadrant

The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Mobile Device Management (MDM) Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.

The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.

The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market