Mobile Device Management Market

Mobile Device Management Market Size, Growth Rate:

The rising demand for smartphones and growing safety concerns regarding the protection of corporate data are increasing the need for mobile device management (MDM) solutions. The purpose is to manage and streamline different platforms through a single device. This significant factor is propelling the Mobile Device Management Market to grow and reach approximately USD 6.96 Billion by 2023, expanding at a compound annual growth rate (CAGR) of 25.84% during 2018-2023.

Mobile Device Management Market Insights Based on Segmentation:

Based on Solution Segment: State-of-the-art telecom infrastructure is driving the MDM market growth, globally. Device management held the largest market share in 2018 (41%), among other variants such as application management, network service management, and security management solutions. However, the security management solutions market is estimated to expand at a CAGR of 29.8% during 2018 to 2023, owing to the growing concerns regarding data breaches, and protection from malware, virus and data theft.

Based on Deployment Segment: Substantial growth in cloud-based deployment by small and medium-sized enterprises (SMEs) is estimated to drive the market. Integration of MDM in unified endpoint management (UEM) is another critical factor expected to accelerate market growth. Cloud computing holds upto 56% of the market share in the on-premise, cloud and hybrid segments. On-premise deployment, on the other hand, is experiencing a declining growth after the massive adoption of cloud computing in most organizations. Hybrid deployment is still at its nascent stage in many countries, as the concept is still unfamiliar to organizations.

Based on Industry Vertical Segment: Mobile device management impacts multiple sectors such as banking, financial services and insurance (BFSI), telecom, retail, healthcare, education, transportation, and government initiatives. Among these, the healthcare sector dominated the market with a revenue of USD 0.63 Bn and a 29% market share, in 2018. Hospitals are installing MDM solutions for security purposes. Monitoring patients and checking their electronic medical records have increased among doctors, nurses and support staff. Banks and financial institutions are offering mobile apps and chatbots to assist customers and provide product information. The BFSI segment holds about an 18% market share, followed by telecom and retail.

Mobile Device Management Market Regional Presence:

North America is leading the innovation in the Mobile Device Management Market and occupied approximately 35% of the global market in 2018. Advancement in technologies such as cloud computing, edge computing, and the Internet of Things (IoT), along with a state-of-the-art telecom infrastructure are expected to propel market growth in the region to 2.35 Bn by 2023. Asia-Pacific is one of the fastest developing regions and is anticipated to expand at the highest CAGR of 29.8% during the forecast period. Latin America, and the Middle East and Africa markets, though still at nascent stages, will also experience high growth.

Notable Companies operating the Mobile Device Management Market:

• SAP SE
• MobileIron
• Microsoft
• Citrix
• IBM
• ManageEngine (Zoho Corp.)
• Sophos
• Vmware
• SOTI
• Symantec

Mobile Device Management Market – Detailed Segmentation:

Mobile Device Management Market – By Solutions:

• Device Management
• Application Management
• Security Management
• Network Service Management

Mobile Device Management Market – By Deployment:

• Cloud
• On-premise
• Hybrid

Mobile Device Management Market – By Industry Verticals:

• Banking
• Financial services and insurance [BFSI]
• Telecom
• Retail
• Education
• Healthcare
• Transport
• Logistics
• Government and public services

Mobile Device Management Market – By Geographical Segmentation:

• North America                                                 

  • United States                                
  • Canada                                          

• Europe                                                                                  

  • United Kingdom                                            
  • Germany                                       
  • France                                           
  • Italy                                
  • Spain                                             

• Asia-Pacific                                                      

  • China                                             
  • India                                              
  • Japan                                             
  • South Korea                                  

• Latin America                                                                              

  • Brazil                                             
  • Argentina                                      
  • Mexico                                          

• Middle-East & Africa                                                       

  • Middle-East                                  
  • Africa       

Key Takeaways from Mobile Device Management Market Report:

• For different Devices types, and applications offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the Mobile Device Management Market potential.
• Identify various driving factors, constraints and untold opportunities that can impact the Mobile Device Management Marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide Mobile Device Management Market in over 20 top nations.

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