Mobile Device Management Market Segmentation By Vertical (BFSI, Government and Public Sector, Telecommunication, Media and Entertainment, Retail, Healthcare, Software and Technology); By Deployment Mode (On Cloud and On - Premise); By Type (Service, Solution), By Organization Size (Small and Medium Enterprise and Large Enterprise) – Global Demand Analysis & Opportunity Outlook 2027
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In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
Mobile Device Management (MDM) is a software used by IT departments of various organizations to manage, monitor and safeguard the smartphones, desktops, tablets, laptops and other electronic devices used by employees as well as the organization. The concept of Bring-Your-Own-Device (BYOD) has become a huge trend thereby increasing the need for mobile device management in the organizations. This trend of BYOD helps to increase productivity of the employees as well as reduce the overall cost of infrastructure in the organization.
Mobile device management is usually implemented with the help of third- party product which have management features for vendors of mobile devices. It deals with corporate data segregation, securing mails, securing corporate documents on devices, enforcing corporate policies, integrating and managing mobile devices including laptops and handhelds devices of different categories.
Mobile device management has become a top priority for organizations these days as the employees use smartphones and other electronic devices which pose a threat to security of data of the organization. They help to increase the efficiency and to reduce the operational costs.
Employees bring their smartphones and other electronic devices to the organization which poses a threat of data security and hacking to the organization. Mobile device management (MDM) helps to cater to such threats faced by the organization and boost the growth of MDM in the global market. There are thousands and lakhs of employees working in an organization which might have different types of applications on their smartphones and other electronic devices. It not only consumes a lot of efforts but also time and cost to manage and monitor these devices. MDM helps to synchronize these different platforms using a single console. Synchronization of different applications using a single console would boost the market growth. With the help of MDM, the organization can control the usage of the electronic devices used by their employees and reduce the threat to the organization’s data and boost the market growth of the mobile device management market.
The mobile device management market is anticipated to record a CAGR of around 22% over the forecast period i.e. 2019-2027. The market is segmented by vertical, deployment mode, type & organization size, out of which, the service segment is anticipated to have significant growth. CLICK TO DOWNLOAD FREE SAMPLE
Employees bring their smartphones and other electronic devices to the organization which poses a threat of data security and hacking to the organization. Mobile device management (MDM) helps to cater to such threats faced by the organization and boost the growth of MDM in the global market.
There are thousands and lakhs of employees working in an organization which might have different types of applications on their smartphones and other electronic devices. It not only consumes a lot of efforts but also time and cost to manage and monitor these systems. MDM helps to synchronize these different platforms using a single console. Synchronization of different applications using a single console would boost the market growth.
Each and every employee in an organization carries one or the other kind of electronic devices to their workplace and it is not possible to stop them from using it, so with the help of MDM, the organization can control the usage of the electronic devices used by their employees and reduce the threat to the organization’s data.
Bring your own device means that the employees bring their own electronic devices to work on which helps in reducing the operational cost of the organization as well as the employees would feel more comfortable working on their personal devices and boost the market growth.
In the organizations, there is a higher demand for efficiency and desire to reduce the operational cost. Use of mobile device management will help in achieving it.
It is not necessary that an employee uses a device for a longer duration. It might happen that at different times different employees keep on changing or upgrading the devices they use for their work in the organization which might make the task of incorporating business applications on the devices very difficult, acting as a hindrance in the market growth of the mobile device management market.
It might happen that the devices are exposed to third party applications, malware and virus threats which may corrupt the organization’s data, theft of data or misuse of the data by the third party applications for their own benefits posing as a hindrance in the growth of the mobile device management market.
The personal devices used by the employees to work in an organization contain their personal data along with the professional data. It might happen that the business applications that are used by the organization for work to extract or use the personal data of the employees acting as a hurdle in the growth of the mobile device management market.
Our in-depth analysis of the mobile device management market includes the following segments:
Based on regional analysis, the mobile device management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North- America is anticipated to lead the market growth on the back of rapid adoption of MDM to protect the data from data breaches and theft, data losses and cyber-attacks. Asia-Pacific is expected to emerge as a lucrative market owing to the growing adoption for mobile device management in the organizations to meet the demand for economic growth and mobile workforce. Europe is expected to grow at a significant rate on the back of reduced hardware cost and enhanced work efficiency.
The mobile device management market is further classified on the basis of region as follows:
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