Enterprise Mobility Market is Expected to Reach $151.51 Billion by 2027

According to a recent report published by Allied Market Research, titled, “Enterprise Mobility Market by Component, Solution Type, Deployment Model, Enterprise Size, Device Type and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020–2027,” 

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 solution helps organizations to proficiently collect and manage organizations’ critical data through multiple data touchpoints and mobile devices of employees. In addition, rise in usage of mobile devices and mobile application in various organizations to increase customer satisfaction and resolve customer issues faster boosts the market growth. Furthermore, 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.

Furthermore, the large enterprises segment is expected to garner significant share during the forecast period. This is attributed to rise in adoption of enterprise mobility solution among large enterprises to increase their customers and surge their enterprise mobility market revenue. However, the small & medium enterprises segment is expected to grow at the highest rate during the forecast period, owing to growing adoption of BYOD culture in small & medium enterprises.

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 growing adoption of BYOD culture and rise in need to protect company’s critical data from various cyber-attacks.

The outbreak of the COVID-19 pandemic has a significant impact on enterprise mobility market. Lockdowns across the globe has led the sudden requirements of remote working and created immediate demand of enterprise mobility solutions. Large number of enterprises are adopting this technology to increase employees’ productivity, enhance data security, and reducing overall technology costs, thus creating significant opportunities for the market. 

Key findings of the study

• By enterprise size, the large enterprises segment generated the highest revenue in 2019.
• Region-wise, North America generated the highest revenue in 2019.
• Depending on component, the solution segment generated the highest revenue in 2019.
• Based on industry vertical, the IT & telecom segment generated the highest revenue in 2019.

The key players profiled in the 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. Furthermore, they have adopted various strategies to increase their market penetration and strengthen their foothold in the industry.