Exponential Growth Expected in Managed Mobility Services Market to $90.03 billion in 2028: Key Trends, Outsourcing Boost, and Technological Advancements

The managed mobility services market size has grown exponentially in recent years. It will grow from $24.94 billion in 2023 to $31.79 billion in 2024 at a compound annual growth rate (CAGR) of 27.5%. The growth in the historic period can be attributed to proliferation of mobile devices in the workplace, increased focus on employee productivity and mobility, growth of bring your own device (byod) policies, need for cost optimization and efficiency in device management, rising complexity of mobile technologies and applications.

The managed mobility services market size is expected to see exponential growth in the next few years. It will grow to $90.03 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to increasing demand for mobile application management solutions, growing need for mobile device security solutions, increasing adoption of iot and connected devices, growing demand for managed mobility services in emerging economies, emphasis on remote work and flexible working arrangements. Major trends in the forecast period include integration of artificial intelligence in mobility management, increasing adoption of cloud-based solutions for managed mobility services, increasing focus on providing customized solutions to meet the specific needs of clients, focus on sustainability and environmental impact in mobility services.

Market Overview -
Managed mobility services refer to the procurement, provisioning, and management of devices used by enterprises' mobile and remote employees to ensure compliance with the enterprise environment. Managed mobility services provider eases the burden of the corporate IT department by handling the management complexity of multiple device platforms.

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Outsourcing Non-Core Business Activities Is Driving The Growth Of The Managed Mobility Services Market
Outsourcing non-core business activities is driving the growth of the managed mobility services market. Outsourcing is a business process in which companies hire parties outside the firm to carry out a service or create goods which were traditionally performed in-house with the help company's staff and employees. Non-core business activities such as managed mobility services, staff augmentation, and others are considered to be peripheral or incidental activities, and core items are considered central to the company's operations. Both larger and small companies outsource non-core business activities to increase in-house efficiencies, cut costs, focus on core competencies, and others. According to a recent survey published in Magellan Solutions, more than 85% of American companies outsource non-core business activities to Indian companies. Thus, an increase in outsourcing of non-core business activities is expected to boost the managed mobility market during the forecast period.

Competitive Landscape -
Major companies operating in the managed mobility services market report are AT&T Corporation, Fujitsu Inc., IBM Corporation, Wipro Limited, Orange Business Services SA, Kyndryl Inc., Telefónica SA, Samsung Electronics Co. Ltd., Hewlett Packard Enterprise Company, Vodafone Group plc, Microsoft Corporation, Tech Mahindra Limited, Deutsche Telekom AG, Maxis Communications, Digital Management Inc., DXC Technology Company, Unisys Corporation, Verizon Communications Inc., Mobile Solutions Services Inc., Stratix Corporation, Vision Wireless LLC, HCL Technologies Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Tata Consultancy Services Limited, NTT Data Corporation, Dimension Data Holdings plc, Octal Software LLP

Technological Advancement Driving Growth In Managed Mobility Services Market
Technological advancement is a key trend gaining popularity in the managed mobility services market. Managed mobility services companies are increasingly adopting advanced and innovative technological tools to better manage the services with increased efficiency and lower costs. For instance, in November 2021, AMI Strategies, the Livonia-based provider of technology expense and mobility management services, launched its proprietary mobility management platform mobilityNOW and made it available in the ServiceNow store. AMI's mobility NOW app will allow enterprises to extend and enhance their existing ServiceNow investment with the ability to automate and manage the full lifecycle of their mobile and IoT devices from procurement/fulfillment to break/fix to decommissioning of mobile assets.

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Key Segments -
The managed mobility services market covered in this report is segmented -
1) By Type: Device Management, Application Management, Security Management, Maintenance & Support
2) By Deployment: Cloud, On-Premise
3) By Organization Size: SMEs, Large Enterprises
4) By End-Use Industry: IT and Telecom, BFSI, Healthcare, Manufacturing, Retail, Education, Other End-user Industries

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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