Global Mobile Device Management Market - Growth, Trend and Forecasts (2018 - 2023)
The mobile device management market is expected to grow at a CAGR of over 21% during the forecast period (2018 - 2023). The scope of the report is limited to solutions offered by various market players from various end-user sectors including manufacturing, information technology, retail, healthcare, banking, financial services & insurance and transportation & logistics. The regions considered under the scope of the report include North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa.
As the rise of BYOD (Bring Your Own Device) has become an unstoppable force across the business landscape, managing what can be a host of mobile devices is now a critical consideration for every enterprise. With an expanding fleet of mobile devices, businesses need a platform that enables high levels of oversight and robust data protection. The Mobile Device Management (MDM) system is vital to track mobile device usage and have the capability to wipe devices if they are lost or stolen.
Cloud Based Deployment type to Dominate the Market over the Forecast Period
The cloud-based deployment is expected to witness a faster growth rate in the market, as it is being rapidly accepted by various enterprises in the corporate space, because of its smooth, flexible, affordable, and scalable features. Moreover, cloud-based solutions empower IT teams to enroll, lock, protect, and manage devices from a remote location. Modern mobile device operating systems demand regular updates of their platforms for their smooth functioning. A cloud-based MDM solution allows a faster response to such updates as compared to that of an on-premises solution.
Most of the industry verticals, such as telecom, manufacturing, transportation, logistics, utilities, and retail, prefer cloud-based MDM solutions. Moreover, the Small and Medium-sized Enterprises (SMEs) are also rapidly moving toward the cloud deployment type, due to budget constraints and the ease of accessibility of cloud-based MDM solutions.
North America to Appear as one of the Leading Region in the Mobile Device Management Market
Growing smartphone penetration and technological advancement is driving across the North America market. The U.S. is leading the market across North America, followed by Mexico and Canada. Major organizations in the North America region are adopting enterprise mobility solutions to meet the requirement of the dynamic mobile workforce, which in turn is fueling the demand for mobile device management across the region. The companies operating in the mobile device management in the region, primarily adopts acquisition as a major business strategy, which in turn will increases its product offerings in order to strengthen its foothold globally. In addition, mergers and focusing on research and development are some of the prime strategies adopted by the players operating in this market.
Notable Developments in the Market:
May 2018: Citrix Workspace Unifies the Experience and Secures SaaS, Mobile & Virtual Apps, and Content Across all Endpoints. Digital transformation, cloud and new workstyles are forcing businesses to rethink how and where technology is deployed and secured.
April 2018: Symantec Corp., and NTT Security, the specialized security company of NTT Group, have enter into a strategic partnership to strengthen their web security services offerings to customers across the cloud, mobile and on-premises.
Major Players: SYMANTEC CORPORATION, CITRIX SYSTEMS INC., VMWARE INC., MERAKI (CISCO SYSTEMS, INC.), DELL TECHNOLOGIES INC., SAS INSTITUTE INC., IBM CORPORATION, HUAWEI TECHNOLOGIES CO. LTD., INTEL CORPORATION, MICROSOFT CORPORATION, CA TECHNOLOGIES, TREND MICRO, ABSOLUTE SOFTWARE CORPORATION, PARALLELS INTERNATIONAL GMBH., SAP SE, MOBILEIRON, MITSOGO INC., SOPHOS LTD., and MANAGEENGINE (ZOHO CORP.), amongst others.
Reasons to Purchase this Report
To understand the impact of mobile device management in the IT & Telecommunication sector.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
The region that is expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet (in Excel)
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