Market Analysis
Market Research Future (MRFR) predicts the global mobile device management market to witness
massive growth from 2020 to 2030 (forecast period).
Mobile device management is a security software used by the IT departments
of different organizations. This security management software helps manage,
monitor, and secure smartphones, desktops, laptops, and other electronic
devices. The increase in productivity of both workers and companies is
anticipated to propel the mobile device management industry's growth. In
addition, increasing ownership of tablets and smartphones, together with
immense product development in terms of features and new technology, is
boosting the mobile device management market.
The solution market segment is projected to hold the largest share in
the forecast period. The introduction of new business applications and
technologies and the use of corporate-owned devices are expected to drive the
market for mobile device management solutions. In addition, the increasing
adoption of bring your own device (BYOD) trend in organizations is also
accelerating the growth of the mobile device management market. As per a survey
conducted in 2016, 40% of US workers use their smartphones, laptops, and
desktops for business-related work as part of the BYOD trend, which ultimately
helped companies improve their productivity and reduce their infrastructure
costs.
However, the budget restrictions in deploying mobile device management
solutions in small and medium-sized enterprises, along with employees'
hesitancy to use mobile device management solutions on their devices due to
privacy issues, are some of the main factors restricting the adoption of mobile
device management solutions.
COVID-19 Impact on the Global Mobile Device Management Market
Mobile device management software played a key role during the COVID-19
pandemic. The rapid spread of the disease around the world has prompted most
governments to introduce preventive measures, such as lockdown within countries.
Owing to the lockdowns, the majority of businesses have allowed their workers
to work from home to avoid the spread of the virus. According to the MRFR
report, more than 50% of workers worldwide work remotely. Mobile device
management software helps administrators track and manage laptops and tablets
in the current predicament, as data breaches are a critical concern during this
period. Mobile device management software applications can make remote work
more manageable and ensure the protection of devices. In addition, the rising
trend of the 'bring your own devices' (BYOD) policy and the use of
company-owned devices are also pushing the growth of the industry. Companies
have invested strongly in providing company-owned devices to workers,
considering the loss of revenue during the pandemic, which has had a positive
effect on the development of the market. Mobile device management software
helps companies remotely manage, deploy, and secure their mobile devices to
keep their businesses running normally. The continuation of the BYOD trend to
control the spread of the virus in the post-pandemic period is expected to
drive market growth. The introduction of BYOD policies for employees ensures
device efficiency, data protection, and worker productivity while lowering the
total cost of ownership.
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Market
Segmentation
The global
mobile device management industry has been segmented into vertical, deployment,
type, and organization size.
Based on
vertical, the global market has been segmented into BFSI, government and public
sector, telecommunication, software and technology, media and entertainment,
retail, healthcare, education, transportation and logistics, manufacturing, and
others.
Based on
deployment, the global market has been segmented into on-cloud and on-premise
By type, the
global market has been segmented into services and solutions.
Based on organization
size, the global market has been segmented into small and medium-sized
enterprises and large enterprises.
Regional
Analysis
Region-wise,
the global mobile device management has been segmented into North America,
Europe, Asia Pacific, and the rest of the world.
North America
to lead the global market
North America
is set to dominate the market due to the rapid adoption of mobile device
management solutions within numerous organizations to safeguard their device
data.
Key Players
Prominent
players in the mobile device management software are BlackBerry (Canada),
Microsoft (US), SOTI (Canada), VMware (US) IBM (US), MobileIron (US), SAP
(Germany), Citrix Systems (US), AirWatch (US) and Sophos (UK).
Summary
The global
mobile device management market is set to witness massive growth from 2016 to
2022 (forecast period). Key factors driving market growth include increased
productivity of employees and business owners, increased ownership of
smartphones and tablets, and the introduction of new products with advanced
features and cutting-edge technologies.
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