DUBLIN--(BUSINESS WIRE)--The "Global Mobile Device Management Market Size, Share, Growth Analysis, By Component, By Operating System, By Deployment Mode, By Organisation Size, By Vertical - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The Global Mobile Device Management market size was valued at USD 3.97 billion in 2021, and the market size is estimated to reach USD 17.79 billion by 2028, at a CAGR of 23.9% over the forecast period (2022-2028).
Remotely controlling devices that let users use their tablets and phones to complete particular activities is known as mobile device management. Enrollment, device provisioning, location monitoring, and device security are just a few of its features. In the event that the employee's mobile device is lost or stolen, it also helps them delete data. The MDM platform can also keep inventory up to date, enforce security policies, and carry out real-time reporting and monitoring.
An increase in security to protect the volume of company data and a rise in enterprise adoption of bring your own device are the main factors affecting the growth of the mobile device management market (BYOD). The rise in stringent government rules for mobile device management and the increased compliance among enterprises to protect data also contribute to the market's expansion.
Segments covered in this report
The global Mobile Device Management market is segmented based on component, operating system, deployment mode, organisation size, vertical, and region. Based on component, the Mobile Device Management 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 Mobile Device Management market is segmented into On-Premises, Cloud. Based on organisation size, the Mobile Device Management 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 Mobile Device Management market is categorized into North America, Europe, Asia-Pacific, and MEA.
Driver
The use of the cloud will help reduce the security threats posed by smart gadgets. IT managers may now more easily monitor and restrict data movement on such devices. The use of cloud-based enterprise mobility systems that support BYOD decreases risk by managing personal and business data on such devices. The company's IT infrastructure and maintenance expenditures are indirectly reduced by the use of the cloud and BYOD. Enterprises are increasingly using cloud services like Platform as a Service (PaaS), Infrastructure as a Service (IaaS), Software as a Service (SaaS), and Business as a Service (BaaS) to satisfy their business demands (Backend as a Service).
Restraints
Vendors of MDM solutions are unable to customise their products to match certain company requirements. The MDM solution's inability to address flexibility and agility with multi-user connections is a common complaint from businesses. Each business has different security standards for mobile devices connecting to the corporate network. By integrating MDM into an organization's current security, management, and workflow controls, vendors must overcome a variety of obstacles. On the other side, the right MDM solution can boost security and productivity by enabling an IT administrator to manage and keep an eye on systems from a single point of access.
Market Trends
The shift in organisational focus from traditional work to the Bring Your Own Device (BYOD) model is one of the new trends. As more people choose to work from home, businesses are having a harder time keeping their corporate networks secure. As a result, "bring your own device" policies are being implemented by numerous firms.
Big organisations are embracing BYOD in a range of business applications across a variety of industries, including government, healthcare, retail, and others. Associations employ this tactic to increase output effectiveness while reducing hardware upkeep and equipment acquisition costs. In order to increase their geographic presence globally, players focus on the introduction of novel products.
A selection of companies mentioned in this report includes
- VMware (US)
- Microsoft (US)
- IBM (US)
- Blackberry (Canada)
- Citrix (US)
- Google (US)
- Cisco (US)
- Samsung (South Korea)
- Micro Focus (UK)
- ZOHO (India)
- SolarWinds (US)
- SAP (Germany)
- Quest Software (US)
- Ivanti (US)
- Sophos (US)
- SOTI (Canada)
For more information about this report visit https://www.researchandmarkets.com/r/iz7p2t
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