The global market for mobile device management was estimated to be worth US$ 4.5 billion in 2022 and is projected to grow at a remarkable CAGR of 23.5% from 2022 to 2028 to reach US$ 15.9 billion. In an updated report, Future Market Insights offers these mobile device management insights.
The global market for mobile device management is expected to reach US$ 15.9 Billion by 2028, rising at an astounding CAGR of 23.5 percent from US$ 4.5 Billion in 2022, according to estimates. These bits of information about mobile device management are provided in a new analysis by Future Market Insights.
In its study titled “Mobile Device Management Market: Worldwide Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028,” FMI provides important insights on the global mobile device management market. The cloud sub-segment of the global mobile device management market is anticipated to experience the largest growth with regard to the method of deployment for mobile device management.
Throughout the forecast period, the service management sub-segment of the mobile device management solution sector is anticipated to rule the global mobile device management market. By the end of the forecast period, large companies are anticipated to hold the largest market share in the global market for mobile device management. The education industry segment is anticipated to experience a greater growth rate than other verticals based on the mobile device management market’s vertical type.
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By the end of 2028, it is anticipated that the annual global income from the use of mobile device management solutions would be worth US$ 15,899.6 Mn. The prominent regions—North America, China, SEA, other countries in APAC, and Western Europe—are anticipated to hold the majority of market share for mobile device management globally. Over the course of the projection period, China, Southeast Asia, and other Asia Pacific nations are projected to control the global mobile device management market.
Small and medium-sized businesses are anticipated to embrace mobile device management solutions at the highest rate in the upcoming years. By reducing operating expenses and raising productivity, mobile device management aids businesses in enhancing their operational efficiency and data security. Mobile device management investments are expanding significantly. These elements are anticipated to expand the global market for mobile device management. Various governments have also implemented mobile device management to protect data from internet predators and other internal and external dangers.
According to FMI analysis, a number of organisations have recently adopted mobile device management, and many more are anticipated to do so in the near future. The digital revolution that is gaining pace in the manufacturing, retail, IT, education, and wholesale sectors is one of the key reasons propelling the global market for mobile device management.
The market in Southeast Asia and other parts of the Asia Pacific region is anticipated to offer the most alluring chances for those who develop software for mobile device management, followed by China. Over the projection period, it is anticipated that the mobile device management market in SEA and other parts of APAC will grow at a sizable CAGR in terms of value. Additionally, it is anticipated that Latin America’s market for mobile device management would expand dramatically.
In the SEA and other regions of APAC, the market for mobile device management is anticipated to grow by a total of US$ 1,536.3 million. However, due to the vast number of mobile users in the region as well as a solid foundation for the expansion of numerous sectors, the North American mobile device management market is anticipated to continue dominating the global mobile device management market by the end of 2028.
The introduction of sophisticated intelligent mobile device management by mobile device management providers, as well as tactical alliances, purchases, and mergers, will contribute to an increase in overall corporate revenue in the worldwide mobile device management market, according to FMI data. In the worldwide mobile device management market study, some of the key participants are listed as VMware, Inc., Blackberry, Microsoft Corporation, MobileIron Inc., Citrix Systems, Inc., SAP SE, IBM, SOTI Inc., JAMF, and Cisco.
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COVID-19 Crisis Evaluation
The COVID-19 epidemic of 2020 fundamentally altered the most fundamental aspects of how our world works and caught everyone off guard. Lockdown laws forced people to stay inside their houses, which radically changed the tide in favour of digital technology. This safe alternative allowed some components of economies to continue to function without running the risk of coronavirus spreading.
With the spread of technology and digitization during the pandemic, there was an exponential increase in the need for mobile device management because many businesses gave their employees devices so they could work from home, and managing these devices was essential to the security of the businesses.
The need for mobile device management is expected to expand significantly in the post-pandemic future as technology becomes an increasingly important aspect of our lives and more mobile devices are used.
Mobile device management leaders are focusing on developing advanced solutions capable of performing multiple tasks and securing devices in an effective and efficient manner. Growing number of devices can prove to be a challenge for some mobile device management solutions, as they max out after a certain number of devices.
- In November 2021, PMC a leading technology company announced the launch of its new mobile device management and support services. This new service would help the B2C organizations and retail organizations manage their mobile devices growth which is growing increasingly complex as the number of devices increases.
- In December 2021, TESSCO Technologies Incorporated, a leading solutions provider in wireless infrastructure ecosystem announced an update to its latest Device Lifecycle Management platform. The platform provides remote monitoring, multi-vendor network support for device management, and other features to efficiently manage all the devices across multiple levels.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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