Mobile Device Management Market Size, Share and Global Forecast to 2020-202
Mobile Device Management Market
The Mobile Device Management Market is projected to reach USD 26,370 million by the end of 2027, expanding at a CAGR of 29.6% over the forecast period (2020-2027).
The factors driving the growth of Mobile Device Management Market includes increasing penetration of smartphones and tablets, trending concept of Bring Your Own Device (BYOD) and growing demand to protect large amounts of corporate data. According to the report published by Statista, the number of smartphone subscriptions worldwide were estimated around 5,924 million in 2020 and are projected to reach 7,690 by the end of 2027, which will boost the Mobile Device Management Market share in the approaching years. Moreover, the increasing adoption of Platform as a Service (PaaS) and Infrastructure as a Service (IaaS), by the major corporations, rising use of 5G Services and technological advancements in mobile device management software, are some of the additional factors supplementing the Mobile Device Management Market size. In addition, increasing population growth rates, improvements in the network infrastructure, rapid urbanization and rising disposable incomes, are further propelling the market growth.
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However, the growth of Mobile Device Management Market is hindered attributed to security issues with the devices.
The major players operating in the Mobile Device Management Market are VMware, Inc, Sophos Ltd., Zoho Corp, IBM, MOBILEIRON, INC., Microsoft, SAP, SOTI Inc., Citrix Systems, Inc. and BlackBerry Limited, among others.
Vertical – Segment Analysis
Based on Vertical, the BSFI segment is estimated to grow at a remarkable CAGR during the forecast period. The increasing acceptance of Bring Your Own Device (BYOD) concept and Mobile Device Management software are extensively used in the BSFI sector to improve the workplace mobility, are some of the factors responsible for the growth of the segment.
Deployment Type – Segment Analysis
Based on Deployment Type, the Cloud segment is predicted to expand at a significant CAGR over the forecast period. The cloud-based solutions are affordable and scalable for organizations and are deployed to manage device from remote locations, are some of the key factors augmenting the growth of the segment.
Regional – Segment Analysis
Based on Region, the North American region is expected to capture a sizeable market share during the forecast period. The increasing sales of smartphone devices, presence of the leading players such as IBM and Microsoft, rising trend of BYOD, growing number of cyberattacks and high per capita incomes, are some of the factors influencing the market growth in North America.
Market Segmentation
Global Mobile Device Management Market by Component
Solutions
Device Management
Application Management
Security Management
Others
Services
Professional Services
Managed Services
Global Mobile Device Management Market by Operating System
IOS
Android
Windows
Others
Global Mobile Device Management Market by Deployment Type
On-Premises
Cloud
Global Mobile Device Management Market by Vertical
IT & Telecommunication
BFSI
Healthcare
Retail
Government
Manufacturing
Others
Global Mobile Device Management Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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