According to new market research "Mobile Device Management (MDM) Market by
Type (Solution (Device Management, Application Management, & Security
Management), and Service), Deployment Type (Cloud & On-Premises),
Organization Size, Industry Vertical, and Region - Global Forecast to
2023", The Mobile Device Management (MDM) market size is
expected to grow from USD 2.81 Billion in 2018 to USD 7.86 Billion by 2023, at
a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period. The
propagation of smartphones and tablets, the growing security concerns to
protect corporate data, and the increasing need for MDM solutions to manage and
synchronize different platforms through a single console are expected to be the
major factors in driving the MDM market.
Browse and in-depth TOC on “Mobile Device Management (MDM) Market”
76 - Tables
44 - Figures
144 – Pages
MDM solutions segment is expected to hold a larger market
size during the forecast period
Among the solutions and services segment, the MDM
solutions segment is expected to hold a larger market size during the forecast
period. The uptake of corporate-owned devices and advancements in business
applications and technologies are expected to have driven the adoption of MDM
solutions across businesses. However, the MDM solution providers have been
developing and delivering a range of solutions, such as device management,
application management, security management, and email management, in the MDM
suite, so that these solutions can match up to the business needs of
enterprises.
Cloud deployment type is
expected to witness a faster growth rate during the forecast period
Under the deployment types, the cloud deployment type is
expected to hold the larger market size. It is also expected to grow at a
higher CAGR during the forecast period. Most of the industry verticals, such as
telecom, manufacturing and automotive, education, transportation, logistics,
utilities, and retail, prefer cloud-based MDM solutions. In addition to this,
the Small and Medium-sized Enterprises (SMEs) are also rapidly moving toward
the cloud deployment type, due to budget constraints and the ease of
accessibility of cloud-based MDM solutions.
Healthcare industry
vertical is expected to grow at the highest CAGR during the forecast period
In the industry vertical segment, the healthcare industry
vertical is expected to be one of the fastest growing in the MDM market. The
increasing world population, changing lifestyle, and the increasing awareness of
health-related issues are expected to have collectively contributed to the
massive growth of the healthcare industry vertical. Furthermore, the wide use
of mobile devices among patients, doctors, nurses, and other supporting staff
has increased across the globe. This is expected to drive the adoption of MDM
solutions in this industry vertical.
North America is expected
to hold the largest market size, whereas Asia Pacific (APAC) to grow at the
highest CAGR during the forecast period
Among regions, North America is expected to hold the
largest market size in the MDM market during the forecast period, followed by
the European region. The North American region has been receptive toward
adopting MDM solutions within organizations to safeguard its content from
piracy and data breaches, web and network threat security, cyber-attacks, and
severe data losses. The US and Canada are expected to be the major contributing
countries to this region; almost all major companies of the MDM market are
located in these 2 countries.
In terms of the growth rate, the APAC region is expected
to experience a strong growth in the coming years, as organizations in this
region are looking forward to adopting enterprise mobility solutions for
meeting their demands of a dynamic mobile workforce. Economic growth, young
population, cloud-based solutions for SMEs, use of local brand tablets and
smartphones for business purposes, and the growing Bring Your Own Device (BYOD)
trend are expected to be some of the factors that are driving the overall MDM
market in this region.
The key players in the MDM market include BlackBerry
(Canada), IBM (US), Microsoft (US), MobileIron (US), VMware (US), Citrix
Systems (US), ManageEngine (US), SAP (Germany), Sophos (UK), and SOTI (Canada).
The key innovators include Mitsogo (US) and 42Gears Mobility Systems (India).
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Content Source: https://www.marketsandmarkets.com/PressReleases/mobile-device-management.asp
Report: https://www.marketsandmarkets.com/Market-Reports/mobile-device-management-market-105562389.html
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/mobile-device-management.asp
Report: https://www.marketsandmarkets.com/Market-Reports/mobile-device-management-market-105562389.html
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