The mobile device management market is expected to grow at a CAGR of 22.7% during the forecast period. The mobile device management market valuation in 2022 was USD 3627.8 million. In 2023, the market size is USD 5,461.76 million, and the market is expected to reach a valuation of USD 42,245.27 million by 2033.
An increased requirement for enhanced security for organizations and increased usage of mobile device management across sectors, along with many other factors, are expected to increase the demand for mobile device management solutions during the forecast period.
| Attributes | Details |
|---|---|
| Mobile Device Management Market Valuation (2022) | USD 3627.8 million |
| Mobile Device Management Market Valuation (2023) | USD 5,461.76 million |
| Mobile Device Management Market Projected Size (2033) | USD 42,245.27 million |
| Mobile Device Management Market Anticipated CAGR (2023 to 2033) | 22.7% |
The mobile device management features are one of the most important aspects of Enterprise Mobility Management (EMM).
Using a mobile device management solution makes it possible to control compliance initiatives from a combined console, which can be handled from a single place. This allows the companies to work within legal limits. This is expected to increase the demand for mobile device management during the forecast period.
The core function of this managed mobility service is to optimize the functionality and security of all the mobile devices within an organization and, at the same time, provide the required protection to the data. Moreover, mobile device management also provides unified endpoint management solutions. This is expected to have a positive impact on mobile device management adoption trends.
The rising relevance of security technology in mobile device management can also be inferred from the stats. Based on the market research conducted by FMI, it was found that the mobile device management market holds a share of 30% of the global device management market.
Moreover, MDM helps the devices be updated and work in sync with the firm’s latest policies. Thus, mobile device management ensures that all the devices the organizations employ work in synchronization with the latest policies. This might surge the demand for mobile device management during the forecast period.
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The mobile device management standard has been experiencing an upward trend in the past decade. The analysts are of the view that the upward trend would continue and that too at a slightly rapid pace during the forecast period. The historical CAGR for the mobile device management market was 19.7%, and the anticipated CAGR is 22.7%.
There are a number of reasons which have led to this anticipated increase. One of the primary reasons is an upgrade from 4G to 5G. This has enabled the functioning of these services with increased efficiency and at a better pace as well.
Additionally, the continuous upgradation of technology has led to the development of smart mobile devices, which require minimum human intervention. These are expected to increase the demand for mobile device management during the forecast period.
Increase in storage space
The automatic deletion feature of mobile device management ensures that the files that are either of no use or were temporarily stored are deleted. This is expected to impact the mobile device management market's future trends strongly.
Backup for data
Cloud deployment ensures that, come what may, the backup data is always available. This is especially important in the case of organizations that deal with huge numbers of data and later delete the data on a pro-rata basis. This may also increase the demand for mobile device management during the forecast period.
Improved validity checks
The implementation of mobile device management blocks the access of unauthorized software or applications from breaking into the system. This includes forensic management, authorization and input controls, authentication of data, etc. This is expected to increase the mobile device management market share during the forecast period.
Bring Your Own Device (BYOD) a Key Influencer in the Market
BYOD means asking the employees to bring their own laptops while working in an organization. This makes working simpler for employees as they would be working on devices they have used for a long time.
Moreover, it helps companies achieve cost-cutting as they do not have to spend unnecessarily purchasing new devices. This would most certainly increase the demand for mobile device management during the forecast period.
Principal Consultant
If there is one technology that is being heavily deployed across the BFSI sector, it is mobile device management. Being a niche that focuses on dealing with millions of customers on a daily basis and updating their information on almost a daily basis, the MDM is something that proves to be a savior for the BFSI niche.
The BFSI involves a lot of devices to be enrolled within seconds. These include kiosk machines, printers, PCs, etc. Mobile device management helps enroll these devices within no time. Moreover, MDM streamlines the entire process as well.
The Single Sign On feature, which is a part of mobile device management, is extremely helpful in securing financial apps, as these allow the official data to be accessed only through the company applications. This is expected to increase the scope of the mobile device management market.
The most important function of mobile device management in BFSI is that it promotes device security. This is especially important as the BFSI sector mainly deals with sensitive information related to financial data. Without a doubt, the growth of the BFSI sector is expected to have a strong influence on the mobile device management market's key trends and opportunities.
Possibility of data leakage
Though mobile device management offers exceptional services, there are chances that despite high security offered the service, a highly skilled hacker might break into the system and get access to some critical information. This might challenge the growth of the mobile device management market during the forecast period.
Security auditing: A time-consuming task
It is important to perform regular audits to keep track of the performance. However, the auditing process is a time-consuming task. This makes the entire process complicated and cumbersome and poses certain questions about the mobile device management market outlook in the current times of instant gratification.
Limited visibility
Another drawback associated with the usage of MDM is that they offer very limited data point information about the deployed systems. This consequently increases the burden on the IT department and also poses certain challenges in the mobile device management market.
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Rapid growth in the adoption of warehousing and logistics
Mobile device management is being increasingly employed in warehousing and logistics management. These play a crucial role in the entire value chain, which includes packaging, dispatching, and delivering functionalities. Apart from that, MDM is also being deployed to provide data security and compliance across the divisions.
This could impact the mobile device management market's future trends.
Exponential growth of the healthcare sector
From an industry point of view, the healthcare sector is all about dealing with the details of the patients and updating these details on a timely basis. Moreover, data privacy must be maintained throughout. As mobile device management ticks all the boxes, it is anticipated that it will be increasingly employed in the healthcare sector, thereby influencing the mobile device management market's key trends and opportunities.
BFSI Vertical had the Largest Market Share in the Mobile Device Management Market, while Education expected to be the Fastest Growing Vertical
The BFSI sector had the maximum market share of 16% in the mobile device management market in 2021 and is expected to grow at a CAGR of 22.6% during the forecast period.
Increased requirement for enrolment of devices and the application of the Single Sign On (SSO) feature is expected to drive the BFSI vertical during the forecast period massively.
The healthcare sector was the second largest vertical, with a share of 14.9% in mobile device management market in 2021, and is expected to grow at a CAGR of 22.9%.
The healthcare sector is all about dealing with some of the most sensitive information pertaining to the patient history, and also involves data getting updated on a daily basis. This is expected to drive the mobile device management market.
The government vertical had a market share of 14.8% in the mobile device management market in 2021 and is expected to grow at a CAGR of 23.5% during the forecast period.
The mobile device management helps in effectively handling bulk data and simultaneously provides a backup for all the important folders. This is the reason for increasing adoption in the government sector. This might impact the mobile device management market trends.
The IT and telecommunication sector had a market share of 11.5% in 2021 and is expected to grow at a CAGR of 22.1% during the forecast period.
The mobile device management is increasingly employed in the IT sector as it assists them in securing the data and, at the same time, gives a clear analysis on the device tracking front.
The education vertical had a market share of 9.1% in mobile device management market, and is anticipated to grow at the fastest CAGR as compared to other verticals of 23.9%.
With an increase in the adoption of remote learning and allowing teachers to set boundaries for usage throughout the network is expected to increase the adoption of mobile device management in the education vertical. Moreover, the usage of mobile device management allows students and teachers to collaborate on assignments easily. Additionally, this also assists in flexible and adaptive learning.
The retail vertical had a market share of 8.8% in mobile device management market in 2021, and is expected to grow at a CAGR of 22.7% during the forecast period.
The mobile device management is a boon for the retail sector. It allows the store manager to manage the devices remotely. Thus, the devices can be managed, positioned, and updated based on the retail manager's choice.
The transportation and logistics vertical had a market share of 7.7% in 2021 and is expected to grow at a CAGR of 23.7%. The media and entertainment sector had a market share of 7.3% in 2021 and is expected to grow at a CAGR of 23.4%.
The construction vertical had a market share of 5% in 2021 and is expected to grow at a CAGR of 21.9%. The manufacturing vertical had a market share of 4.9% in the mobile device management market in 2021 and is expected to grow at a CAGR of 22.4%
The device management solution had the highest market share of 24.4% in the mobile device management market in 2021 and is expected to grow at a CAGR of 23% during the forecast period. As the name suggests, mobile device management is all about managing all mobile devices, where the IT specialist manages, secures, and enforces policies on various mobile endpoints. This has resulted in device management having the highest market share.
The application management solution had a market share of 20.1% in the mobile device management market in 2021 and is expected to grow at a CAGR of 22.9% during the forecast period. Application management is all about maintenance, version control, and upgrades pertaining to the software application used. Since MDM is able to carry out these operations as and when necessary, it helps in the seamless performance of the entire system.
The security management solution had a market share of 19.4% in the mobile device management market in 2021 and is expected to surge at a CAGR of 22.6%.
One of the key applications of mobile device management is to provide data security and ensure no unauthorized access is made. This is something which has captured the attention of all the major investors. The content management solution had a market share of 18.5% in the mobile device management market in 2021 and is expected to grow at a CAGR of 23.1%.
One of the key benefits of MDM is its ability to manage the content. This can be established from the fact that they can provide backup and automatically delete the junk data. The service management solution had a market share of 17.5% in the mobile device management market in 2021 and is expected to grow at the fastest CAGR of 23.2%.
One of the key applications of mobile device management is its ability to conduct system audits on a regular basis. This ensures that going forward, whatever problems that were experienced during the life cycle is brought into the picture. It would certainly allow management to take the due course of action.
The cloud deployment type had a share of 68.16% in mobile device management market in 2021, and is expected to grow at a CAGR of 22.8%. Owing to its flexible and mobile capability, it is anticipated that the cloud deployment type will continue to dominate throughout the forecast period. Additionally, the cloud management also supports the IT department work with better performance by providing features like remote management of devices, and providing data security.
The On-premise deployment type had a market share of 31.84% and is expected to grow at a CAGR of 23.3%.
Large enterprises had a market share of 70.2% in the mobile device management market in 2021 and are expected to grow at a CAGR of 23.4% during the forecast period as the application of mobile device management is a costly process, and the cost is set based on per device and per user basis. The companies, therefore, need to spend a lot to obtain the best results, and only large enterprises have the capability to afford them.
The SMBs had a market share of 29.8% and are expected to grow at a CAGR of 21.9%.
North America, which currently has a market share of about 40%, is the largest mobile device management market. During the forecast period as well, it is expected to be the dominant player.
The IT sector is a fast-growing sector in the region and is looking for ways to bring about innovative changes. Moreover, data security is becoming a growing concern, particularly in North America across sectors, and mobile device management is known for providing the right solutions for data security.
The United States mobile device management market had a share of 27% in 2021, and is expected to grow at a CAGR of 23.4% during the forecast period.
The country provides the required infrastructure for all functionalities related to technology, which is likely to improve opportunities in the region during the forecast period. The U.S. is also meant for the presence of some of the most prominent players in the mobile device management market. Moreover, there is an increasing adoption of cloud-based services in the region.
The United Kingdom mobile device management market had a share of 5.3% in 2021 and is expected to grow at a CAGR of 22.7% during the forecast period.
The United Kingdom is meant for the IT sector. Apart from that, the country has been laying a lot of emphasis on data security and the remote management of endpoints. Moreover, the country has been promoting the cause of BYOD. All these factors are expected to surge the mobile device management application in the United Kingdom.
The India mobile device management market had a market share of 2.9% in 2021, and is expected to grow at a CAGR of 24.6% during the forecast period.
Exponential technological upgradation, increasing investment by the government and huge MNCs, and a compelling need for data security and remote management are some factors driving the Indian mobile device management market. Moreover, an increasing necessity for information backup is also driving the mobile device management market in India.
The China mobile device management market had a share of 12% in 2021, and is expected to grow at a CAGR of 26.1% during the forecast period. The ruling authority is investing huge amounts of money in infrastructural development, and this is making the entire region an investment hot spot.
There is an increasing requirement for cloud-based storage, which can also provide data protection. Moreover, the country is also undergoing rapid urbanization. All these are expected to drive the mobile device management market in China.
The Japan mobile device management market has a share of 5.5%, and is expected to grow at a CAGR of 18% during the forecast period.
Japan has always been a technological giant because of the presence of some the best IT and electronics companies in the world. Moreover, the region undergoes a technological upgradation on a consistent basis, as a result of which the services like the mobile device management tend to perform much more effectively.
The mobile device management market start-ups focus on allowing administrators to specify Operating Systems, configure devices, and set device securities.
Some of the start-ups are:
Some of the other start-ups are Mason America and Divide.
With a keen eye on supporting companies in adopting remote working practices, the key players are adopting technologies related to mobile device management to help them adopt the remote working setup.
Apart from that, the key players are also into meaningful mergers and collaborations to ensure their businesses expand globally.
Some of the recent developments in mobile device management are:
Top players in the mobile device management market:
Microsoft is one of the top players that is enabling digital transformation across the globe. The mission is to push every person and organisation to achieve more and make a valuable difference. Microsoft has been offering cloud-based services from data centers to enable the phenomenon of digital transformation across start-ups, businesses and government agencies.
Mobile device management Microsoft has also been adopted worldwide to improve data security.
Moreover, the cyber security center has been developed, keeping in mind protection, detection, and responsiveness. Microsoft invests more than a billion dollars in security research, innovation, and development.
In August 2022, Microsoft opened its first global data center in Qatar, bringing a number of opportunities for a cloud-first economy
IBM is another major player who has always believed in progress through the application of intelligence, reason, and science, which have the capability to improve society. Moreover, IBM has always emphasized environment, community economic development, public health, literacy, and culture.
IBM has always believed in identifying and acting upon new opportunities to apply its technology and expertise to address certain problems. Moreover, IBM has laid a lot of emphasis on the diversity of employees, thereby promoting creative pursuits and passions outside of work.
In May 2022, IBM launched STEM for Girls program in Arunachal Pradesh. This will enable more than 13500 students studying between 8th and 10th class to have digital fluency.
SOTI is a proven leader in creating technology that reduce the cost and complexity of business-critical mobility and IoT. They provide world-class security, management, and support for mobile operations. SOTI has this image of being a proven innovator, with sharp focus and commitment to R&D, thereby helping businesses take mobility to endless possibilities.
SOTI has been providing platforms that businesses across the world trust to reduce cost, complexity, and downtime of their mobile operations. From developing and deploying apps to EMM and managing IoT to secure sensitive data, the SOTI platform is the one-stop solution for all your business needs.
The market is valued at USD 5,461.76 million in 2023.
The growth potential of the mobile device management market is 22.7% CAGR through 2033.
Enhanced storage space and improved validity checks are expected to drive market growth.
Bring Your Own Device (BYOD) may drive adoption of mobile device management over the coming years.
VMware Inc., Blackberry, and Microsoft Corporations are key market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment Type 5.1. Cloud 5.2. On-Premise 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solution 6.1. Device Management 6.2. Application Management 6.3. Content Management 6.4. Service Management 6.5. Security Management 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Business Size 7.1. Large Enterprises 7.2. SMBs 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical 8.1. Government 8.2. Healthcare 8.3. Education 8.4. BFSI 8.5. IT & Telecommunication 8.6. Retail, Construction 8.7. Transportation & Logistics 8.8. Manufacturing 8.9. Media & Entertainment 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. VMware Inc. 19.2. Blackberry 19.3. Microsoft Corporations 19.4. Mobilerlon Inc. 19.5. Citrix Systems Inc. 19.6. SAP SE 19.7. IBM 19.8. SOTI Inc. 19.9. JAMF 19.10. CISCO 20. Assumptions & Acronyms Used 21. Research Methodology
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Mobile Device Management Market
