According to a new market research report published by
Credence Research “Global Mobile
Device Management (MDM) Market (Component (Solution [Data
Management, Application Management, Security Management, Others] Service
[Managed, Professional]; Deployment (On-Premise, Cloud); Application (BFSI,
Telecom, Retail, Healthcare, Education, Transportation & Logistics,
Manufacturing & Automotive, Others)) – Growth, Future Prospects and
Competitive Analysis, 2019 – 2027”, the Mobile Device Management (MDM) market
was valued at US$ 9.60 Bn in 2018 and is set to grow with a CAGR of 23% during
the forecast period.
Browse the full report at https://www.credenceresearch.com/report/mobile-device-management-mdm-market
Market Insights
The Mobile Device Management (MDM) market is propelled by
the increasing adoption of the enterprise mobility and BYOD policies among
enterprises. The enterprises are swiftly moving towards the enterprise mobility
solutions to enhance the operational efficiency and provide more flexibility
and convenience to the employees. The increasing competition among the market
players and the transformative power of the mobile technology is encouraging
the enterprises to opt for mobility solutions. The enterprises are leveraging
on the wide array of mobility tools such as enterprise mobile apps, BYOD
policies along with the agile transformation to improve the operational
performance and reduce the cost of operation. As the adoption of the enterprise
mobility solution increases, the need to provide the secure access to the
company data along with safety and security of the data also rises. This is
accelerating the demand for the mobile device management market. Moreover, the
increasing adoption of the smartphone and internet services is further
augmenting the demand for the market.
IT & Telecom is the leading sector in the mobile device
management market with the majority share in the revenue. The market is driven
by the increasing digitalization among the IT & Telecom sector. As the
competition among the market players is increasing, the enterprises are
shifting towards the digital business models to gain an edge over its
competitors. This is driving the demand for the mobile device management
solutions in the sector. Furthermore, the growing need among the enterprises to
reduce the IT cost and gain operation efficiency is further promoting the
adoption of the mobile device management solutions. Additionally, the
increasing risk of cyber-attacks and data theft among the sector is acting as a
major force propelling the market growth.
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Asia Pacific is estimated to grow significantly during the
forecast period. The growth of the market is driven by the increasing
digitalization among the organization across the region. The economic growth in
the region along with the growing adoption of the internet services is further
accelerating the demand for the mobile device management market. Furthermore,
the high incidences of the cyber-attacks and data theft in the region are also
encouraging the adoption of the mobile device management market.
The key players in the Mobile Device Management (MDM) market
space are IBM Corporation, Cisco Corporation, SAP SE, VMware, 42Gears
Mobility Systems, Microsoft Corporation, Citrix Systems, Good Technology,
Fiberlink Communication, Blackberry, ManageEngine, Hexnode MDM, Mobileiron,
SOTI and Sophos.
By Component Segment (2017–2027; US$ Bn)
- Solution
- Device
management
- Application
management
- Security
management
- Others
- Services
- Managed
- Professional
By Deployment Segment (2017–2027; US$ Bn)
- On-premise
- Cloud
By Application Segment (2017–2027; US$ Bn)
- BFSI
- Telecom
- Retail
- Healthcare
- Education
- Manufacturing
& Automotive
- Logistics
& Transport
- Others
By Geography Segment (2017-2027; US$ Bn)
- North
America
- Europe
- Asia
Pacific (APAC)
- Middle
East & Africa (MEA)
- Latin
America
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