Increasing adoption of internet services and smartphones is driving the Mobile Device Management (MDM) market.
Globally, the mobile device management (MDM) market is expected to grow at a CAGR of over 23% during the forecast period from 2019 to 2027, starting from US$ 9.60 billion in 2018. The growth of the market is attributed to the increasing adoption of smartphones along with internet services, which are augmenting demand for the mobile device management market. Smartphone technology has evolved significantly over the years, and the adoption of the smartphone is increasing very rapidly across the globe.
Currently, it is estimated that more than 2.5 billion people use smartphones across the globe, and the number is further estimated to grow in the future. This growth is credited to the availability of low-cost smartphones and the rising disposable income of the population. Moreover, the increasing adoption of internet services is also augmenting the growth of the MDM market. Additionally, the increasing adoption of BYOD policies and enterprise mobility, along with the rising demand among enterprises to protect their data, is also acting as a major force driving the market.
Market Synopsis
The cloud deployment market is estimated to grow significantly during the forecast period.
The cloud deployment market is projected to grow significantly during the forecast period due to the numerous benefits offered by cloud computing technology over the on-premise model. Organizations are shifting toward the cloud deployment model to gain more flexibility, scalability, and the cost-effective nature of the technology.
Moreover, the cloud model also offers a "pay as you use" model that presents a huge opportunity for the growth of the market. On the other hand, the on-premise model captures the lion's share of the MDM market due to the enhanced reliability and security offered by the model.
North America is leading the mobile device management (MDM) market.
North America is dominating the regional landscape with more than 35% of the global mobile device management market. The growth of the market is driven by the increasing adoption of enterprise mobility and BYOD policies among enterprises. The increasing incidences of cyberattacks across the region have further fostered the adoption of the MDM market. Moreover, the increasing internet penetration, along with a large number of smartphone users in the region, is supporting the growth of the market. Additionally, digitalization among organizations in the regions also accelerates the demand for mobile device management solutions.
The key vendors in the mobile device management market are Cisco Corporation, 42Gears Mobility Systems, Blackberry, Citrix Systems, Good Technology, Fiberlink Communication, Hexnode MDM, ManageEngine, IBM Corporation, Microsoft Corporation, SAP SE, Mobileiron, Sophos, VMware, SOTI.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The Mobile Device Management (MDM) market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global mobile device management market based on component, deployment, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report.
What was the market size of mobile device management in 2018, and what is the forecast up to 2027?
Which is the largest regional market for mobile device management?
What are the major trends followed in the mobile device management market across different regions?
Who are the key companies in the mobile device management market?
What are the key strategies adopted by the leading mobile device management companies in the market?
Unique data points of this report
Statistics on mobile device management and spending worldwide
Recent trends across different regions in terms of the adoption of mobile device management for industries
Notable developments are going on in the semiconductor industry.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Question:
The market for Mobile Device Management Market is expected to reach USD$ 9.60 Bn in 2027.
The Mobile Device Managementt Market is expected to see significant CAGR growth over the coming years, at 23%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Citrix Systems, Good Technology, Fiberlink Communication, Hexnode MDM, ManageEngine, IBM Corporation, Microsoft Corporation .are some of the major players in the global market.
