Global Mobile Device Management Market

Global Mobile Device Management Market Size, Share, Growth Analysis, By Component(Solution, Services), By Operating System(iOS, Android), By Deployment Mode(On-Premises, Cloud), By Organisation Size(Small, Medium Enterprises), By Vertical(Banking, Financial Services) - Industry Forecast 2024-2031


Report ID: SQSG45F2034 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 155 | Figures: 78

Global Mobile Device Management Market Dynamics

Mobile Device Management Market Opportunity

Cloud-based technology adoption is increasing the use of MDM solutions

  • The cloud approach aids in minimizing security risks associated with smart devices. IT managers may now more easily monitor and restrict data movement on such devices. By managing personal and professional data on such devices, the adoption of cloud-based enterprise mobility systems that support BYOD reduces the risk element. 
  • The use of cloud and BYOD cuts the company's IT infrastructure and maintenance costs indirectly. To meet their business demands, enterprises are increasingly turning to cloud services such as Platform as a Service (PaaS), IaaS (Infrastructure as a Service), SaaS(Software as a Service), and BaaS (Backend as a Service).

Mobile Device Management Market Challenge

Lack of customization to create market challenges

  • MDM solution vendors are unable to tailor the solution to meet specific corporate requirements. Enterprises frequently complain about the MDM solution's failure to address flexibility and agility with multi-user connections. Every company has various security requirements for mobile devices that connect to the corporate network. 
  • Vendors confront a number of hurdles when integrating MDM into an organization's existing security, management, and workflow controls. The correct MDM solution, on the other hand, can improve both security and efficiency by allowing an IT administrator to operate and monitor systems from a single point of access.
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FAQs

Mobile Device Management Market size was valued at USD 3.97 billion in 2019 and is poised to grow from USD 4.75 billion in 2023 to USD 21.3 billion by 2031, growing at a CAGR of 23.9% in the forecast period (2024-2031).

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. 'Microsoft Corporation', 'IBM Corporation', 'VMware, Inc.', 'Citrix Systems, Inc.', 'BlackBerry Limited', 'SAP SE', 'MobileIron, Inc.', 'Sophos Ltd.', 'Cisco Systems, Inc.', 'Ivanti, Inc.', 'Jamf', 'SOTI Inc.', 'ManageEngine (Zoho Corporation)', 'Quest Software Inc.', '42Gears Mobility Systems Pvt Ltd.', 'Mitsogo Inc.', 'Scalefusion (Promobi Technologies)', 'Hexnode Technologies Pvt Ltd.', 'Miradore', 'FileWave'

The cloud approach aids in minimizing security risks associated with smart devices. IT managers may now more easily monitor and restrict data movement on such devices. By managing personal and professional data on such devices, the adoption of cloud-based enterprise mobility systems that support BYOD reduces the risk element. 

Increase in BYOD Approach: One of the emerging trends is the movement in organizational focus from traditional work to the Bring Your Own Device (BYOD) model. Companies are finding it more difficult to protect a corporate network as the number of people working from home grows. As a result, many businesses are implementing "bring your own device" policies. Large corporations across a variety of industries, including government, healthcare, retail, and others, are embracing BYOD in a variety of business applications. This strategy is used by associations to boost production efficiency while lowering hardware maintenance and equipment purchasing costs. Players concentrate on innovative product launches in order to expand their global geographic presence. 

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.

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Global Mobile Device Management Market

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