USD 3.97 billion
Report ID: SQSG45F2034 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 155 | Figures: 78
Mobile Device Management Market size was valued at USD 3.97 billion in 2021 and is poised to grow from USD 4.75 billion in 2022 to USD 21.3 billion by 2030, growing at a CAGR of 23.9% in the forecast period (2023-2030).
Mobile device management entails remotely managing devices that enable users to accomplish specific tasks on tablets and phones. It has a number of capabilities, including enrolment, device provisioning, location tracking, and device security. It also assists employees in deleting data if the mobile device is lost or stolen. Furthermore, the MDM tool can maintain inventories, enforce security standards, and perform real-time reporting and monitoring.
The primary reasons impacting the growth of the mobile device management market are an increase in security to secure the quantity of business data and an increase in enterprise acceptance of bring your own device (BYOD). Furthermore, the increased compliance among organizations to protect data and the rise in severe government regulations for mobile device management boost market growth.
US Mobile Device Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.97 billion
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The global mobile device management market is segmented based on component, operating system, deployment mode, organisation size, vertical, and region. Based on component, the market is segmented into solution, services. Based on operating system, the Mobile Device Management market is segmented into iOS, Android, Windows, MacOS, Others.
Based on deployment mode, the market is segmented into on-premises, cloud. Based on organisation size, the market is segmented into small and medium enterprises, large enterprises.
Based on vertical, the mobile device management market is segmented into banking, financial services and insurance, telecom, retail, healthcare, education, transport and logistics, government and public sector, manufacturing and automotive, Others. Based on region, the global market is categorized into North America, Europe, Asia-Pacific, and MEA.
Mobile Device Management Market Analysis by component
In 2022, the services segment dominated the market and is anticipated to maintain its dominance throughout the forecast period. Services are critical in managing mobile devices in an enterprise context. The bulk of MDM suppliers provide support services to organizations in order to increase business revenue. They primarily provide two types of services professional services and managed services. Consulting services, implementation services, and support services are the three forms of professional services. The services market accounts for a sizable portion of the total mobile device management market and is predicted to develop rapidly.
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The North American market is estimated to account for around 44.3% of the total global mobile device management market share. The region's expansion can be ascribed to multinational corporations actively upgrading their mobile IT infrastructure to meet the needs of changing competitive situations and to keep up with the large regional diversity in compliance standards. Despite its maturity, the region will continue to flourish as big organizations increase their implementations and use bespoke application development tools and mobile collaboration software. To expand their worldwide reach, major regional organizations are focusing on providing innovative management software services and expanding collaborations.
Asia Pacific is predicted to grow substantially during the projection period. The rising urbanization and increased demand for managing an increasing number of mobile devices are two areas where MDM suppliers may find opportunity. Economies such as India and China are likely to drive MDM demand in this region, resulting in APAC mobile device management market growth.
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Mobile Device Management Market Opportunity
Cloud-based technology adoption is increasing the use of MDM solutions
Mobile Device Management Market Challenge
Lack of customization to create market challenges
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The mobile device management market is highly competitive, with the presence of several well established and domestic players. Market leaders like Soti Inc. are concentrating on expanding their product offerings. Soti, Inc., a global market leader, focuses on developing and providing MDM-related products and services worldwide. The firm offers a wide range of professional, enterprise content management, application, and location services.
Mobile Device Management Market Top Players Company Profiles
Mobile Device Management Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global mobile device management market analysis, rising organizational adoption of mobility culture is likely to aid market growth. One of the fundamental driving elements behind this culture is personal equipment, which has more advanced capabilities than company-owned devices and allows work to be done at any time and from any location. Tablets and smartphones have become many people's preferred office technologies. While mobility is becoming more common in academic and corporate settings, it also needs more strong data and content security to prevent the exploitation of mission-critical data. As a result, businesses must implement mobile security methods such as mobile device management. IT professionals can now manage Chromebooks, smartphones, tablets, and kiosks through a single interface. According to the GSMA's mobile economy 2021 research, about 5.2 billion people used mobile services in 2020, with smartphones accounting for 65% of all connections. This figure is predicted to increase to almost 5.8 billion by 2025, with smartphones accounting for 80% of all connections.
|Market size value in 2021||USD 3.97 billion|
|Market size value in 2030||USD 4.75 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global Mobile Device Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mobile Device Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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