Categories: Business & Finance

Mobile Device Management Market Size, Share

The Mobile Device Management Global Market Report 2023 by The Business Research Company, provides mobile device management market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/mobile-device-management-global-market-report

According to The Business Research Company’s Mobile Device Management Global Market Report 2023, the global mobile device management market size will grow from $7.34 billion in 2022 to $8.7 billion in 2023 at a compound annual growth rate (CAGR) of 18.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the mobile device management market size is expected to grow to $22.01 billion in 2027 at a CAGR of 26.1%.

The immense growth of the mobile workforce within enterprises is contributing to the growth of the mobile device management market. A mobile workforce refers to a group of employees that isn’t bound by a central physical location. Companies are increasingly using mobile device management for monitoring and security of mobile devices, such as smartphones and tablets, in the workplace. The strong growth in the workforce and the need to secure connectivity among the workforce is expected to boost the mobile device management market.

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The mobile device management market is segmented:

1) By Component: Solution, Services

2) By Operating System: iOS, Android, Windows, MacOS, Other Operating systems (Linux)

3) By Deployment Mode: On-Premises, Cloud

4) By Organisation Size: Small and Medium Enterprises, Large Enterprises

5) By Vertical: Banking, Financial Services and Insurance, Telecom, Retail, Healthcare, Education, Transport and Logistics, Government and Public Sector, Manufacturing and Automotive, and Other Verticals

Technological advancement is a key trend gaining popularity in the mobile device management market. The key players in the market are launching innovative products to provide an enhanced experience to their enterprise users. For instance, in January 2020, Sophos Ltd. launched Sophos Intercept X for mobile with new security capabilities. This new solution will protect users, devices, and data from known and unknown mobile threats.

The mobile device management market report table of contents includes: