Mobile Device Management Market Analysis, Regional Outlook, Business Landscape and Future Prospects from kranti's blog

Market Analysis

 Market Research Future (MRFR) predicts the global Mobile Device Management Market Analysis 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.

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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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