Pune, India, March 08, 2022 (GLOBE NEWSWIRE) -- The global Mobile Device Management Market size was USD 3.10 billion in 2020. The market is expected to grow from USD 3.88 billion in 2021 to USD 17.64 billion in 2028, exhibiting a CAGR of 24.1% during the forecast period. Extensive adoption of mobile-related software and bring your own device (BYOD) is expected to fuel the market growth. Fortune Business Insights™ provides this information in its report titled “Mobile Device Management Market, 2021-2028.”
Mobile device management is responsible for app, security, and enterprise mobility management. The extensive adoption of mobile-related software from several sectors is expected to bolster product adoption. Furthermore, the rising adoption of smart devices and rapid digitization is expected to fuel the product demand. Moreover, the rising adoption of BYOD is expected to boost product adoption. These factors may propel market development in the coming years.
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List of Key Players Profiled in the Report
• VMware Inc. (U.S.)
• IBM Corporation (U.S.)
• Microsoft Corporation (U.S.)
• Zoho Corporation (India)
• Soti Inc. (Canada)
• Cisco Systems Inc. (U.S.)
• Citrix Systems Inc. (U.S.)
• Samsung Electronics (South Korea)
• Blackberry Limited (Canada)
• SAP SE (Germany)
COVID-19 Impact
Rapid Digitization and Smart Device Adoption to Bolster Market Progress
This market is expected to be positively impacted during the COVID-19 pandemic due to rapid digitization and smart device adoption. The sudden spike in COVID-19 patients led to the adoption of work-from-home culture, thereby increasing smartphone adoption. This factor increases the adoption of the management software. Moreover, rising demand for software from the healthcare sector is expected to foster industry development during the pandemic.
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Report Scope and Segmentation-
| Report Coverage | Details |
| Forecast Period | 2021 to 2028 |
| Forecast Period 2021 to 2028 CAGR | 24.1% |
| 2028 Value Projection | USD 17.64 billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 3.10 billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 160 |
| Segments covered | By Component, development, End user, and Region |
| Growth Drivers | Rising Adoption of Mobility Culture Among Organizations to Aid Market Growth |
| Pitfalls & Challenges | High Implementation Cost for MDM Solution in SMEs and Security Issues to Restrict Market Growth |
Segments
Component, Development, End-User, and Region are studied
By component, the market is segmented into software and services. As per development, it is bifurcated into cloud and on-premise and cloud. Based on end-user, it is classified into retail, healthcare, government, IT & telecommunication, BFSI, and others. Regionally, it is clubbed into North America, Europe, Latin America, the Middle East & Africa, and Asia Pacific.
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Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
Drivers and Restraints
Robust Demand for Management Solutions from Corporate and Academic Sectors to Fuel Growth
The rising adoption of personal devices and advanced functionality is expected to boost the adoption of mobile device management. Rising smartphone and tablet sales are expected to foster the adoption of effective management solutions. Furthermore, the rising adoption of mobility culture from the corporate and academic sectors is predicted to boost sales. Further, improved content and data security is expected to boost the adoption of the product from corporate firms. The software enables IT, professionals, to manage kiosk devices, tablets, smartphones, and Chromebooks from one platform. These factors may drive the mobile device management market growth.
However, security issues and substantial investment costs for MDM solutions in SMEs may hinder the market progress.
Regional Insights
Presence of Several Multinational Companies to Fuel Market Growth in North America
North America is expected to dominate the global mobile device management market share as several multinational companies are expected to boost the software adoption. The market in North America stood at USD 1.30 billion in 2020 and is expected to gain a large portion of the market share in the coming years. Further, the upgrade of mobile IT infrastructures by major players is expected to propel the market development.
In Asia Pacific, rapid urbanization and increasing mobile device adoption are expected to boost mobile device management solutions. This factor may bolster market development in the region.
In Europe, increasing data security concerns and rising awareness regarding mobility solutions adoption may fuel the adoption of the product. Furthermore, companies' rapid adoption of mobility solutions may propel the industry.
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Competitive Landscape
Manufacturers Update Recently Launched Devices to Boost Sales
Prominent companies operating in the market announce new updates to boost device performance and increase sales. For example, Tessco Technologies, Inc. updated its latest lifecycle management platform in December 2021. This update shall allow end-to-end alerting, administration, and monitoring in multi-vendor networks. It will allow consumers to introduce and access novel services by remote device monitoring. This development may enable companies to boost sales and improve annual revenues. Further, the adoption of research & development may enable manufacturers to provide better products and improve brand image.
Industry Development
- August 2021: Pax8 partnered with Addigy to offer mobile device management solutions for Apple devices. Unified Endpoint management and enterprise mobility platform can be performed using a single interface using the management solution.
Table of Content
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Mobile Device Management Key Players Market Share Insights and Analysis, 2021
- Global Mobile Device Management Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Software
- Services
- By Deployment (USD)
- Cloud
- On-premise
- By End-user(USD)
- BFSI
- IT & Telecom
- Government
- Healthcare
- Retail
- Others (Transportation, Education, etc)
- By Region (USD)
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
- North America Mobile Device Management Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Software
- Services
- By Deployment (USD)
- Cloud
- On-premise
- By End-user(USD)
- BFSI
- IT & Telecom
- Government
- Healthcare
- Retail
- Others (Transportation, Education, etc.)
- By Country (USD)
- United States
- By Component
- Canada
- By Component
- Mexico
- By Component
- United States
- Latin America Mobile Device Management Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
- Key Findings
- By Component (USD)
- Software
- Services
- By Deployment (USD)
- Cloud
- On-premise
- By End-user(USD)
- BFSI
- IT & Telecom
- Government
- Healthcare
- Retail
- Others (Transportation, Education, etc)
- By Country (USD)
- Brazil
- By Component
- Argentina
- By Component
- Rest of Latin America
- Brazil
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