DUBLIN--(BUSINESS WIRE)--The "Managed Mobility Service Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Managed Mobility Service Market is expected to register a CAGR of 31.41% over the forecast period (2021 - 2026).
Companies Mentioned
- AT&T Inc.
- Fujitsu Ltd
- IBM Corporation
- Wipro Ltd.
- Orange S.A.
- Telefnica S.A.
- Samsung Electronics Co. Ltd
- Hewlett-Packard Enterprise Co.
- Vodafone Group PLC
- Accenture PLC
- Tech Mahindra Limited
Key Market Trends
Increasing Adoption of BYOD Across Multiple Industries
- The companies are focusing on business strategies and core competencies, fueling the utilization and adoption of bring-your-own-device (BYOD). The utilization of BYOD enhances work flexibility and encourages employees, resulting in higher productivity. The allowance of BYOD, for instance in UK businesses increased in recent years. In the United Kingdom, the share of UK businesses allowing BYOD was smaller than it is now.
- According to a survey by the Department for Digital, Culture, Media, and Sport (UK), 45% of UK businesses were businesses where bringing your own device occurred (BYOD). Among the total number of UK businesses, 60% of finance or insurance firms (105 firms out of the 1,519 businesses) were also firms where bringing your own device occurs.
- Furthermore, the growing mobile subscriber base in emerging countries such as India, China, Brazil is propelling the adoption of BYOD at work, to enhance work efficiency and flexible timings. Due to this, there is an increase in the requirement of streamlined mobility services, which will likely boost market growth over the forecast period.
North America is Anticipated to Dominate the Market
- The North American region is anticipated to lead the market studied with the United States being the most prominent contributor. Businesses in the region are increasingly getting dependent on computer networks and electronic data to conduct their regular operations. Increasing pools of personal and financial information are also transferred and stored online. The high rate of adoption of mobility solutions in the banking, retail, manufacturing, and healthcare sectors is the primary source of demand for these services in the country.
- In the case of the United States, which is the largest adopter of technological advancements and smart devices, most of the data is stored in the cloud. These trends are expected further to drive the need for managed mobility services in the region. According to IBM, the country with the highest average total cost of a data breach amounted to USD 8.19 million in 2019 was the United States. Additionally, according to the Identity Theft Resource Center, in 2018, the number of data breaches and exposed records in the United States were 1,257 and 471.23 million, respectively.
- According to the Federal Trade Commission, identity thefts related to payment and banking sectors are prominent in the United States, which may boost the adoption of managed mobility services over the forecast period. Online transactions in the region are prominent due to the higher internet penetration rate in the United States and Canada, coupled with the accelerating e-commerce sales, which further augments these transactions. These developments are likely to result in the adoption of managed mobility services. According to the Payments Canada, Canadians made 397 million transactions via online mode.
- Furthermore, the BYOD trend has increased the risk of data breach, especially among the IT and Telecom industry. In the past three years, there was an increase of 44.42% in the number of BYOD devices in the United States, which depicts the need for the adoption of services offering security of data for these devices. With the increased adoption of cloud computing by the banking organizations and the financial institutions in the region, managed mobility services are set to increase the adoption pace.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Assessment of the COVID-19 impact on the Industry
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Adoption of BYOD Among Multiple Industries
5.1.2 Companies Outsourcing IT Activities
5.2 Market Restraints
5.2.1 Lack of Control Over Operations and Cost Visibility
6 MARKET SEGMENTATION
6.1 By Function
6.2 By Deployment
6.3 By End-user Industry
6.4 Geography
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 AT&T Inc.
7.1.2 Fujitsu Ltd
7.1.3 IBM Corporation
7.1.4 Wipro Ltd.
7.1.5 Orange S.A.
7.1.6 Telefnica S.A.
7.1.7 Samsung Electronics Co. Ltd
7.1.8 Hewlett-Packard Enterprise Co.
7.1.9 Vodafone Group PLC
7.1.10 Accenture PLC
7.1.11 Tech Mahindra Limited
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/xyu0zn
