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2020

Enterprise Mobility Market

Enterprise Mobility Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, Solution Type, Deployment Model, Enterprise Size, Device Type and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2020-2027

IC : High Tech, Enterprise & Consumer IT

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Author's: Pramod Borasi| Shadaab Khan | Onkar Sumant
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Enterprise Mobility Market Statistics: 2027

The global enterprise mobility market was valued at $19.65 billion in 2019, and is projected to reach $151.51 billion by 2027, growing at a CAGR of 29.3% from 2020 to 2027. Enterprise mobility is a growing trend among business for offering their employees with remote working options to enhance their business operations. In addition, enterprise mobility provides numerous benefits, including increase in productivity of the employee, decrease in operational expenses of organizations, and others. Furthermore, enterprise mobility also helps organizations to control the access of a particular data of the organization and prevent it from various ransomware. 

Surge in data & mobile devices in organizations and increase in cloud & mobile application in various industries significantly boost the growth of the global enterprise mobility market. In addition, surge in BYOD trend in organizations positively impacts the growth of the market. However, high implementation cost and lack of awareness in developing nations are expected to hamper the market growth. On the contrary, surge in adoption of cloud-based technology among enterprises is projected to have a definite impact on the growth of the enterprise mobility market. 

Enterprise-Mobility-Market-2020-2027

By solution type, the enterprise mobility market was led by the mobile device management solution segment in 2019, and is projected to maintain its dominance during the forecast period. Increase in adoption of mobile devices in organizations and rise in need to manage these devices fuel the growth of this segment. However, the others segment is expected to grow at the highest rate during the forecast period, owing to the need to protect sensitive data of organizations generated through various applications.

Enterprise Mobility Market
By Component
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Solution is projected as one of the most lucrative segments.

Region-wise, the enterprise mobility market was dominated by North America in 2019, and is expected to retain its position during the forecast period. This is attributed to increase in focus of corporate toward enterprise mobility and presence of major vendors across the region. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to rise in adoption of BYOD culture and increase in need to protect company’s critical data from various cyber-attacks.

Enterprise Mobility Market
By Deployment Model
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On-premise is projected as one of the most lucrative segments.

The report focuses on the growth prospects, restraints, and trends of the global enterprise mobility market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the global enterprise mobility market.

Enterprise Mobility Market
By Enterprise Size
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Large Enterprises is projected as one of the most lucrative segments.

Segment review

The global enterprise mobility market is segmented into component, solution type, deployment model, enterprise size, device type, industry vertical, and region. In terms of component, the market is bifurcated into solution and services. Depending on solution type, it is fragmented into mobile content management (MCM), mobile application management (MAM), mobile device management (MDM), mobile identity management and others. On the basis of deployment model, it is bifurcated into on-premise and cloud-based. On the basis of enterprise size, it is categorized into large enterprises and small & medium enterprises. By device type, it is segregated into laptop, tablet and smartphones. As per industry vertical, the market is segregated into BFSI, healthcare, government & public sector, IT & telecom, retail, education, energy & utilities and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Enterprise Mobility Market
By Device Type
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Laptop is projected as one of the most lucrative segments.

The key players profiled in the global enterprise mobility market analysis are Amtel, Inc., Blackberry Limited, Citrix Systems, Inc., IBM Corporation, Infosys, Ltd., Microsoft Corporation, SAP SE, Sophos Ltd., Soti, Inc., and VMware, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Enterprise Mobility Market
By Industry Vertical
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IT & Telecom is projected as one of the most lucrative segments.

COVID-19 impact analysis

The enterprise mobility market has witnessed significant growth in the past few years. The COVID-19 pandemic is expected to have moderate impact in 2020. Various organizations across the globe have initiated work-from-home culture for their employees, thereby creating demand for cloud-based enterprise mobility solutions to manage critical information of organizations, thus creating lucrative opportunity for the market. 

Enterprise Mobility Market
By Solution Type
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MDM is projected as one of the most lucrative segments.

Top impacting factors

Surge in adoption of cloud & mobile applications

Cloud computing is an emerging technology that allows enterprises to store and access data through the internet. Agility, scalability, reliability, and flexibility are some of the major characteristics of the cloud technology, thereby increasing its popularity. Software as a service (SaaS) or on-demand is one of the service models of cloud computing based on the pay-per-use fee model. Cloud-based applications reduce IT infrastructure cost of the enterprise to a certain extent. This is the prime reason for the increased adoption of cloud-based application among enterprises. As mobiles have become an integral part of the working culture, enterprises invest in cloud-connected mobile applications as they allow access to information anytime and anywhere. This helps organizations to enhance productivity and maintain work–life balance of their employees. Therefore, these benefits are expected to escalate the demand for cloud and mobile applications in the coming years. 

Enterprise Mobility Market
By Region
2027
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 30.9% during 2020-2027.

Surge in BYOD culture in organizations

Organization in various countries are adopting bring your own device (BYOD) culture to balance the flexibility of employees as well as to increase the security of the organization. In addition, rise in need of organizations to lower their overhead expense and increase in employee satisfaction, owing to the adoption of BYOD culture drive the growth of the market. Furthermore, increase in COVID-19 patients across the globe has led many industries, such as retail, hospitality, and others, to adopt BYOD culture to maintain the safety of their employees, which propels the growth of the market. In addition, according to a research report, BYOD culture increases the productivity of employees by 70% and helps employees to achieve better customer satisfaction for the company. BYOD culture also helps organizations to increase the trust on their employees and to break down communication barrier between employees. Therefore, rise in adoption of BYOD culture among organizations, owing to its numerous benefits provides lucrative opportunity for the market.

Key benefits for stakeholders     

  • The study provides in-depth analysis of the global enterprise mobility market along with the current & future trends to explain the imminent investment pockets.
  • Information about key drivers, restraints, & opportunities and their impact analysis on the global enterprise mobility market is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.

Enterprise Mobility Market Report Highlights

Aspects Details
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By Component
  • Solution
  • Service
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By SOLUTION TYPE
  • MOBILE CONTENT MANAGEMENT
  • MOBILE APPLICATION MANAGEMENT
  • MOBILE DEVICE MANAGEMENT
  • MOBILE IDENTITY MANAGEMENT
  • OTHERS
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By Deployement Model
  • On-Premise
  • Cloud
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By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprises
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By Devices Type
  • Laptop
  • Tablet
  • Smartphones
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By Industry Vertical
  • BFSI
  • Healthcare
  • Government & Public Sector
  • IT & Telecom
  • Retail
  • Education
  • Energy & Utilities
  • Others
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By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

VMWARE INC, AMTEL INC, SAP SE, IBM CORPORATION, CITRIX SYSTEMS INC, BLACKBERRY LIMITED, INFOSYS LTD, SOPHOS LTD, MICROSOFT CORPORATION, SOTI INC

Analyst Review

The adoption of enterprise mobility software has increased to boost the decision-making capability and improve the business insights of organizations. In addition, enterprise mobility helps employees of the organization to work on their mobile devices securely without exposing organization’s critical data. Therefore, the main purpose of enterprise mobility solution is to secure data and applications of organizations on employees’ devices. Furthermore, various industries, such as BFSI, healthcare, retail & e-commerce, are adopting enterprise mobility as it provides better control on organization’s data and helps employees to enhance their customer satisfaction. Furthermore, financial institutions, which include trust companies, credit unions, and insurance sectors are adopting technologies, such as machine learning, blockchain, and cognitive computing, to enhance their business operations, which is opportunistic for the market. 

In the current business scenario, there has been a substantial rise in the usage of enterprise mobility solution across various verticals such as retail, manufacturing, BFSI, healthcare, and others. By integrating their business functions in critical business processes of enterprises, they can increase the productivity and efficiency of their business. Therefore, to lower IT expenses and streamline processes, organizations are implementing enterprise mobility solutions. Adoption of enterprise mobility solutions allows enterprises to integrate business operations with their suppliers, channel partners, and customers. Furthermore, increase in economic strength of developing nations, such as China, India, Indonesia, and Thailand, is expected to provide lucrative opportunities for the market growth. North America is expected to dominate the market during the forecast period. Moreover, emerging countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities during the forecast period. The global players are focusing toward product development and increasing their geographical presence, owing to growing competition among local vendors in terms of features, quality, and price. In addition, these players are adopting various business strategies to enhance their product offerings and strengthen their foothold in the market. 
 

Author Name(s) : Pramod Borasi| Shadaab Khan | Onkar Sumant

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Enterprise Mobility Market

Global Opportunity Analysis and Industry Forecast, 2020-2027