Press release
Mobile Device Management Market to Reach $26.76 Billion at a CAGR of 25.0% during the Forecast Period 2024-2033
Mobile Device Management Market Report
The Business Research Company offers in-depth market insights through Mobile Device Management Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The mobile device management market size has grown exponentially in recent years. It will grow from $8.88 billion in 2023 to $10.94 billion in 2024 at a compound annual growth rate (CAGR) of 23.3%. The growth in the historic period can be attributed to bring your own device (BYOD) trend, security and compliance requirements, enterprise mobility and productivity, remote workforce management, application management needs.
The mobile device management market size is expected to see exponential growth in the next few years. It will grow to $26.76 billion in 2028 at a compound annual growth rate (CAGR) of 25.0%. The growth in the forecast period can be attributed to increased complexity in device ecosystems, IoT device management demand, focus on user experience, strategic mobile policies, integration with endpoint security. Major trends in the forecast period include application security and containerization, artificial intelligence (AI) for threat detection, mobile threat defense (MTD), geofencing and location-based policies.
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Market Segmentation:
The mobile device management market covered in this report is segmented -
1) By Component: Solution, Services
2) By Operating System: iOS, Android, Windows, MacOS, Other Operating systems (Linux)
3) By Deployment Mode: On-Premises, Cloud
4) By Organization Size: Small and Medium Enterprises, Large Enterprises
5) By Vertical: Banking, Financial Services and Insurance, Telecom, Retail, Healthcare, Education, Transport and Logistics, Government and Public Sector, Manufacturing and Automotive, and Other Verticals
Major Driver - Mobile Workforce Expansion Fuels Growth In The Mobile Device Management Market
The immense growth of the mobile workforce within enterprises is contributing to the growth of the mobile device management market. A mobile workforce refers to a group of employees that isn't bound by a central physical location. Companies are increasingly using mobile device management for monitoring and security of mobile devices, such as smartphones and tablets, in the workplace. The strong growth in the workforce and the need to secure connectivity among the workforce is expected to boost the mobile device management market. For instance, in April 2022, according to the survey conducted by the Australian Bureau of Statistics, an Australian-based self-governing legal organization tasked with acquiring and evaluating data and delivering fact-based recommendations to federal, state, and territorial governments, almost half of all Australian employees (46%) currently work from home to some extent. In addition, 34% of Australian firms use teleworking agreements for at least some of their personnel. Thus, the growth in mobile workforce within enterprise will boost mobile device management market.
Competitive Landscape:
Major companies operating in the mobile device management market report are Google LLC, Samsung Electronics Co Ltd., Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., SAP SE, VMware Inc., Citrix Systems Inc., Micro Focus International plc, Zoho Corporation Pvt Ltd., Quest Software Inc., Kaspersky Lab, BlackBerry Limited, Ivanti Inc., Jamf Software LLC, SOTI Inc., MobileIron Inc., Centrify Corporation, Sophos Group plc, 42Gears Mobility Systems Inc., Hexnode Technologies Limited, Kandji Inc., Baramundi Software AG, Mitsogo Inc., Matrix42 AG, Miradore Ltd., FiberLink Communications LLC, Codeproof Technologies Inc.
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Top Trend - Mobile Device Support And Management Services For Enhanced Security And Efficiency
Major companies operating in the mobile device management market are focusing on developing innovative products, such as mobile device support and management services, to better meet the needs of their existing consumers. Mobile device support and management services are a collection of offerings meant to help organizations manage, secure, and support mobile devices more effectively. For instance, in November 2021, PMC, a UK-based consulting firm for retail IT services and solutions, launched a unique mobile device support and management service that provides active end-to-end administration of a client's mobile device estate. The service delivers online protection, device location monitoring, and comprehensive man-in-the-middle threat detection, with device security at its core. The solution includes mobile device setup, enrollment, and managing policies to assure device compliance, enhance device uptime, and maximize employee productivity. This reduces the possibility of shop disruption in the event of device failure. The PMC service additionally offers 24x7, real-time help to store employees to resolve issues as quickly as possible. The quality-of-service delivery is measured against industry-leading SLAs.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Mobile Device Management Market Characteristics
3. Mobile Device Management Market Trends And Strategies
4. Mobile Device Management Market - Macro Economic Scenario
5. Mobile Device Management Market Size And Growth
…..
27. Mobile Device Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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