Growing Trend of BYOD (Bring Your Own Device) and Rising Focus on Augmenting the Productivity and Efficiency of Employees Are Some Of The Key Factors Expected To Boost Industry Demand
VANCOUVER, BC, Jan. 17, 2022 /PRNewswire/ -- Emergen Research has published its latest report titled "Mobile Device Management Market, By Deployment Type (On-premise, Cloud) By Solution (Device Management, Application Management, Security Management, Others) By End-use (Government & Public Sector, Logistics & Transportation, Retail & e-commerce, BFSI, IT & Telecommunication, Manufacturing & Automotive, Media & Entertainment, Healthcare, Energy & Utility), and By Region Forecast to 2028."
According to Emergen Research, the global mobile device management market size was USD 4.42 Billion in 2020 and is expected to reach USD 32.45 Billion in 2028 and register a revenue CAGR of 28.2% during the forecast period, 2021-2028.
Market Dynamics:
Major factors supporting the revenue growth of the global mobile device management market are increasing use of mobile devices such as laptops, smartphones, tablets, and wearable gadgets; growing trends of BYOD (bring your own device) and CYOD (choose your own device); rising focus of corporate organizations on augmenting the productivity and efficiency of employees; and growing demand for high-speed management of mobile devices. Advancements in information & communication technology (ICT) devices, growing availability of 5G network services - particularly in developed countries in the world - rising concerns about privacy and security of corporate data such as emails, documents, etc., and emergence of technologically advanced mobile device management solutions such as enterprise mobility management (EMM), open mobile alliance (OMA), and unified endpoint management (UEM) are among the other important factors expected to drive the global market revenue growth in the upcoming years.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Cloud Segment to Account for Fastest Revenue CAGR:
Based on deployment type, the global mobile device management market is segmented into on-premise and cloud. The cloud segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Rapid adoption of cloud-based mobile device management services by IT administrators for faster control and monitoring of mobile device data, rising adoption of BYOD policies in workplaces to reduce IT infrastructure maintenance costs, and increasing adoption of cloud services including SaaS (Software as a Service), IaaS (Infrastructure as a Service), and Platform as a Service (PaaS) are major factors expected to drive this segment's growth.
Device Management Segment Accounted for Largest Revenue Share in 2020:
Based on solution, the global mobile device management market is segmented into device management, application management, security management, and others. The device management segment held the largest revenue share in the global market in 2020. Increasing R&D activities for advanced mobile device management solutions, growing penetration of mobile devices such as smartphones, tablets, laptops, and wearable devices, and rising concerns regarding the safety and security of IoT-connected devices are some of the key factors boosting revenue growth of this segment.
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North AmericaAccounted for Largest Revenue Share in 2020:
Among regional markets, the North America mobile device management market accounted for the largest revenue share in the global market in 2020. Factors contributing to the regional market revenue growth are rising trends of BYOD and CYOD, increasing initiatives to boost the productivity and efficiency of employees, growing use of IoT-connected devices, and rapid deployment of advanced mobile device management solutions. Growing demand for mobile device management solutions in the IT, BFSI, retail & e-commerce, telecommunications, media & entertainment, and logistics & transportation sectors, and presence of major market players in the region, including Citrix Systems, Inc., Cisco Systems, Inc., and VMware, Inc., further drive the North America market revenue growth.
Major Companies in the Global Mobile Device Management Market Include:
- Google Inc.
- Cisco Systems, Inc.
- Microsoft Corporation
- IBM Corporation
- Citrix Systems Inc.
- SAP SE
- Mobileiron
- VMware Inc.
- Kaspersky Lab Inc.
- Broadcom Corporation
- Matrix42
- ManageEngine
For the purpose of this report, Emergen Research has segmented the global mobile device management market based on deployment type, solution, end-use, and region:
Deployment Type Outlook (Revenue, USD Billion; 2018-2028)
- On-premise
- Cloud
Solution Outlook (Revenue, USD Billion; 2018-2028)
- Device Management
- Application Management
- Security Management
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Government & Public Sector
- Logistics & Transportation
- Retail & e-commerce
- BFSI
- IT & Telecommunication
- Manufacturing & Automotive
- Media & Entertainment
- Healthcare
- Energy & Utility
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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