Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Mobile Device Management Market Overview
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.
Market Size and Forecast
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
Growth Drivers
Increasing security concerns
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.
Synchronize different platforms using a single console
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.
Growing consumer electronics
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 (BYOD) Trend
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.
High demand for efficiency and desire to reduce operational cost
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.
Restraints
Incorporating business applications on employee’s device
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.
Devices maybe exposed to third party applications, malware and virus threats
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.
Protection of Personal Data
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.
Market Segmentation
Our in-depth analysis of the mobile device management market includes the following segments:
By Vertical
By Deployment Mode
By Type
By Organization’s size
By Region
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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