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2021
Mobile Device Management Market

Mobile Device Management Market

By Component (Solution and Service) Deployment Model (Cloud, and On-premise), Enterprise Size (Large Enterprise and Small & Medium Enterprises), and Industry vertical (BFSI, Healthcare, Government and Public Sector, IT & Telecom, Retail, Educational, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
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Report Code: A12421
Pages: 324
Jul 2021 | 3658 Views
Author(s) : Divyanshi Tewari and Aishwarya Rajvaidya , Vineet Kumar
Tables: 98
Charts: 88
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Mobile Device Management Market Outlook - 2030

The global mobile device management market size was valued at $8.49 billion in 2020, and is projected to reach $98.71 billion by 2030, growing at a CAGR of 27.8% from 2021 to 2030.

The emergence of COVID 19 has increased the growth of Mobile Device Management market in 2020 and is estimated to witness significant growth till the end of 2021 due to implementation Work from Home culture among countries globally due to lockdown to restrict the pandemic.

Mobile device management involves remotely managing devices that allow the user to perform certain given jobs on tablets and phones. It includes various features such as enrollment, device provisioning, location tracking, and device security. It also helps employees to delete the data in case the mobile device is lost or stolen. In addition, MDM tool has the ability to track inventory, enforce security policies, and perform real-time reporting & monitoring.

Global-Mobile-Device-Management-Market

Increase in security to protect the abundance of corporate data and rise in adoption of bring your own device (BYOD) among the enterprises are the major factors influencing the growth of the mobile device management market. In addition, surge in compliance among enterprises to protect data and rise in stringent government regulation for mobile device management drive the growth of the market.

Mobile Device Management Market
By Component

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Solution Segment holds a dominant position throughout the forecast period

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Moreover, private and public organizations are increasingly allowing work-from-home culture for their employees due to the outbreak of COVID-19. More number of employees working remotely increases the risk of compliance shortages and puts companies at risk for sensitive data. For mitigating this risk, companies are adopting mobile device management applications to increase control and security features. This provides lucrative opportunity to boost the segment growth during the mobile device management market forecast period.

According to mobile device management market trends, a significant rise in cloud-based deployment by the small and medium enterprises is estimated to enhance the mobile device management market growth in the coming years. Also, the integration of mobile device management capabilities into the UEM suite is another key factor that is estimated to accelerate the growth of the android device management in the near future. 

Mobile Device Management Market
By Deployment Model

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Cloud segment is projected as one of the most lucrative segments.

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On the other hand, reduction in the adoption of Bring Your Own Device among businesses and people being quite reluctant on using mobile device management solutions on their personal devices are projected to inhibit the development of the mobile device market opportunity in the next few years. Nonetheless, the rise in productivity of both enterprises and employees, enhances the overall growth of the market in the next few years. In addition, the emergence of 5G is expected to transform the importance of mobile devices and this is anticipated to trigger the growth of the global mobile device management market size.

Segment Overview 

The mobile device management market share is segmented into component, deployment model, enterprise size, industry vertical, and region. By component, it is bifurcated into solution and services. By deployment model, it is divided into on-premise and cloud. By enterprise size, it is categorized into large enterprises and small & medium enterprises. By industry vertical, the market is divided into BFSI, healthcare, government & public sector, IT & telecom, retail, education, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.

Mobile Device Management Market
By Enterprise Size

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Small and Medium Enterprise segment will dominate the market with a highest CAGR of 29.1% during 2021 - 2030

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Competitive Analysis  

The key players profiled in the mobile device management industry include Citrix Systems Inc., Microsoft Corporation, Blackberry Ltd., IBM Corporation, Samsung Electronics, Cisco System Inc., Vmware Inc., SAP SE, Quest Software, Sophos Ltd. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations, to enhance their market penetration.

COVID-19 Impact Analysis

The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.

The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It is creating uncertainty in the stock market, decreasing business confidence, massive slowing of supply chain, and increasing panic among the customers. European countries under lockdown have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to slowdown in the growth of the mobile device management market analysis in 2020.

According to the mobile device management market trends, the COVID-19 pandemic has severely impacted the global manufacturing and industrial sectors as production facilities have stalled, which, in turn, led to significant demand in industries.

The emergence of COVID-19 has declined the growth of the mobile devices management market outlook in 2020, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for this decline in growth rate. As industries were temporarily shut, it reduced the need for maintenance from various industries.

Top Impacting Factors

Notable factors positively affecting the mobile device management market include surge in data and mobile devices in organizations & increase in BYOD culture in organizations. However, high implementation cost and lack of awareness in developing nations are expected to pose major threats for the mobile device management market. Furthermore, surge in adoption of cloud-based technology among enterprises is expected to offer lucrative opportunities for the market growth in the coming years.

Mobile Device Management Market
By Industry Vertical

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Education segment is projected as one of the most lucrative segments.

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Surge in Data and Mobile Devices in Organizations 

Increase in data usage and internet penetration among various industries has been one of the major factors that drive the growth of the market in the developing countries. Moreover, various companies are adopting mobile devices for their employees, owing to various benefits such as better communication among enterprises, ability to work from anywhere, reduced operational costs, time-saving, and increased productivity of employees. 

In addition, organizations are increasing the adoption of mobile devices to boost the performance of employees and deliver better customer service. Furthermore, mobile devices enable a wide range of services in various organizations, including healthcare, transportation, and media, thereby increasing the amount of data in the industry. This is attributed to increased demand for mobile device management, which, in turn, drives the market growth.

High Implementation Cost 

High implementation cost of mobile device management solution causes budget constraint in small & medium-sized businesses to provide effective MDM solution, which hampers the growth of the market. Furthermore, there are various costs associated with the services related to MDM such as consulting, maintenance, installation, integration, upgrades, and others. This is the key limitation for the growth of the market.

Mobile Device Management Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific would exhibit the highest CAGR of 28.9% during 2020-2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the mobile device management market size along with the current trends and future estimations to depict imminent investment pockets.
  • The overall mobile device management market analysis is determined to understand the profitable trends to gain a stronger foothold. 
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The present mobile device management market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.
  • The report includes the market trends and the mobile device management market share of key vendors.

Key Market Segments

By Component

  • Solution
  • Service

By Deployment Model

  • Cloud
  • On-premise

By Enterprise Size

  • Large Enterprises
  • Small & Medium Enterprises

By Industry vertical

  • BFSI
  • Healthcare
  • Government & Public Sector
  • IT & Telecom
  • Retail
  • Educational
  • Others 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe 
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 

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The global mobile device management market is highly competitive, owing to strong presence of existing vendors. Mobile device management technology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

The mobile device management market is expected to witness significant growth with increase in adoption from various industries to improve operations efficiency and government safety regulations across different geographical regions. Technological advancements have augmented the overall industrial development within a wide range of industries.

In the current business scenario, there has been a substantial rise in the usage of mobile device management technology across various industry 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 mobile device management. 

Adoption of mobile device management 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.

On the basis of industry vertical, it is further divided into BFSI, Healthcare, Government & Public Sector, IT & Telecom, Retail, Education, and Others. By region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
 

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FREQUENTLY ASKED QUESTIONS?

A. The Mobile Device Management Market is estimated to grow at a CAGR of 27.8% from 2021 to 2030.

A. The Mobile Device Management Market is projected to reach $98.71 billion by 2030.

A. To get the latest version of sample report

A. Factors such as , surge in compliance among enterprises to protect data and rise in stringent government regulation for mobile device management drives the growth of the Mobile Device Management market

A. The key players profiled in the report include Citrix Systems Inc., Microsoft Corporation, Blackberry Ltd., IBM Corporation, Samsung Electronics, Cisco System Inc., Vmware Inc., SAP SE, Quest Software, Sophos Ltd, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Mobile Device Management Market is segmented on the basis of component, deployment model, enterprise size, industry vertical, and region.

A. The key growth strategies of Mobile Device Management market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Solution Segment holds a dominant position throughout the forecast period.

A. Cloud segment will grow at a highest CAGR of 28.9% during 2021 - 2030

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