The overall market is anticipated to have a steady CAGR of 16.5% during the forecast period. The enterprise mobility market is predicted to grow from USD 630,994 million in 2023 to USD 2,913,487 million by 2033.
The expansion of the worldwide corporate mobility market is fuelled by an increase in data and mobile devices in enterprises and an increase in cloud and mobile applications in various industries.
The growing mobile workforce and enterprise adoption of BYOD initiatives to improve worker productivity. Allowing employees to work from anywhere, anytime, and corporate access data on the go, have increased demand for enterprise mobility solutions. Furthermore, the growth of new mobile devices on the market encourages regions to install mobile device management solutions.
Unified employee communications and increased cooperation are two key enterprise mobility industry drivers. By safeguarding data, apps, and devices and simplifying mobile strategy, enterprise mobility has enticed firms to adopt trends such as bring your device (BYOD), resulting in lower costs and higher productivity.
However, issues affecting the market include identity and access management (IAM), which entails granting access to sensitive information only to authorized sources. Security and risk, which involves cross-platform security controls such as different modules or programs for other devices. Mobile app development, which entails user-friendly, up-to-date, and well-designed apps. Whereas, collaboration and content, which entails syncing of laptop and mobile software.
| Attributes | Details |
|---|---|
| Enterprise Mobility Market Valuation in 2022 | USD 510,100.2 million |
| Estimated Global Market Share in 2023 | USD 630,994 million |
| Forecasted Global Market Size by 2033 | USD 2,913,487 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 16.5% CAGR |
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The net valuation of the market was merely USD 221,060 million by the end of the year 2018. Though the market progressed moderately in the following years, the sudden pandemic outbreak proved to be bliss for at least this market. With a steep growth in adopting enterprise mobility services, the average market recorded a CAGR of 23.2% until 2022.
As per the market study, employers are obligated to provide remote access alternatives to their employees in response to the widespread transmission of COVID-19, allowing them to work outside of the company infrastructure. Providing employees with the option of working from home is an intelligent way to avoid the spread of viruses in the office.
To maintain company continuity during this pandemic, many firms adopted a BYOD policy allowing employees to use their devices for work. Organizations that utilize a remote workforce ensure that employees have access to company resources while working from home and that they have the tools they need to stay productive. As a result of these factors, large corporations are using enterprise mobility solutions.
Enterprise mobility is becoming more popular because it allows businesses to operate remotely, update, and delete data from devices. As per the critical enterprise mobility adoption trends, remote workforces and MDM are more vital than ever. Unmanaged remote endpoints are among the most severe threats to a company's cyber-security today.
Enterprises have invested significant sums of money in recent months to roll out more robust VPN solutions and mobile devices (laptops and tablets) to allow employees to work remotely, but security appears to have taken a backseat to these more extensive efforts to keep workers employed and productive.
Another element of market solutions is remote wiping, which may permanently delete any files on a gadget via a trigger if it is damaged or destroyed, preventing the loss of critical data. Enterprise mobility and the capacity to detect and mitigate vulnerabilities on distant endpoints are no longer a luxury but a necessity.
Principal Consultant
Enterprise Mobility Systems can Meet any Business Demand for a Consistent End-user Experience
Providers of enterprise mobility solutions need help to customize the solution to fit unique company requirements. Enterprises commonly express unhappiness with the enterprise mobility solution's inability to meet multi-user connections' speed and adaptability.
Vendors face various challenges when implementing enterprise mobility into an organization's existing vulnerability management compliance. For mobile devices that connect to the internal network, each firm has its own set of security needs. By allowing an IT administrator to administer and monitor systems from a single place, the right enterprise mobility solution may increase quality and reliability.
Every organization has business requirements, and gaining a good grasp of what a corporation requires is quite challenging. Enterprise mobility systems should be implemented uniquely for each company's needs to guarantee a consistent end-user interface.
On-premise enterprise mobility solutions ensure that company data is secure and in compliance with all industry laws while allowing for safe employee mobility.
The cloud enterprise mobility segment is predicted to grow at a faster rate than the deployment segment. The Software-as-a-Service (SaaS) concept is used in cloud-based solutions, and customers can access enterprise mobility solutions digitally via the Internet.
Cloud-based EMM solutions, on the other hand, have several drawbacks, including a lack of control over apps, tight government laws, and private content. Because of the linked functionality and critical features, the general adoption of cloud enterprise mobility solutions is expected to rise and be high during the forecast period.
| Category | By Component |
|---|---|
| Top Segment | Solution |
| Market Share in Percentage | 62.3% |
| Category | By Deployment |
|---|---|
| Top Segment | On-premise |
| Market Share in Percentage | 62.2% |
The usage of enterprise mobility systems has risen in response to the growing BYOD trend in the BFSI industry. Several BFSI firms are increasingly emphasizing workplace mobility as a means of promoting employee productivity and satisfaction.
Enterprise mobility solutions are offered via the cloud in this deployment style. Flexibility, scalability, affordability, operational efficiency, and minimal expenses are all advantages of using cloud-based enterprise mobility solutions. ABANCA, for example, one of the central banks in Galicia (Spain), needed a versatile, extendable platform that allows its IT department to handle COPE devices.
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| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 28.4% |
| Europe | 21.3% |
The existence of top enterprise mobility solution vendors in the region can be credited for this increase. Increased usage of enterprise mobility solutions in leading industries like retail, BFSI, and others to support remote working and real-time data analysis and management are driving market expansion.
As per the market study, the on-premise segment in Brazil is expected to grow at a CAGR of roughly 15% through 2026, owing to increasing concerns about enterprise data security and tight compliance rules.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| United States | 15.4% |
| Germany | 9.2% |
| Japan | 5.3% |
| Australia | 4.1% |
Rising investments in the development of enterprise mobility technologies are likely to have a beneficial impact on market growth over the next few years. Employee productivity is increased by allowing them to work in more pleasant locations outside of the organization's walls.
Failure to connect mobile devices with complicated systems may result in information silos, which occur when essential data is only available on one device and is not shared with the company's network. An information silo can be created by an employee who works from home on occasion and fails to transmit vital files after switching to another organization. This creates an essential need for enterprise mobility systems to be in place in an organization.
| Regions | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 12.1% |
| China | 14.3% |
| India | 18.5% |
There are several prominent companies in the enterprise mobility management industry, which is moderately competitive. Few big firms currently dominate the market in terms of market share. Companies in this field invest a lot of money in research and development.
Collaboration, joint ventures, and mergers and acquisitions are among the business tactics that have allowed enterprise mobility management enterprises to remain competitive in the market.
The key enterprise mobility management market trends indicate that many businesses feel that by updating their current portfolio, they are likely to attract more clients. Firms are looking at the solutions given by corporate mobility companies to gain a much sought-after competitive advantage.
Some Recent Developments in the Enterprise Mobility Market
IBM introduced Watson Works in June 2020 to address the barriers to returning to work. Watson Works is a selected group of products that incorporate Watson AI models and applications to assist businesses in navigating many parts of the return-to-work problem following COVID-19 lockdowns.
During the COVID-19 epidemic, Citrix and Microsoft teamed up in July 2020 to create future flexible workspaces. Citrix Workspace can be chosen as a preferred digital workspace solution by Microsoft. Microsoft Azure is likely to be selected from Citrix as a preferred cloud platform, allowing Citrix's existing on-premises clients to work anywhere, on any device.
Cisco announced an agreement to buy IMImobile in December 2020. Both businesses have agreed to the parameters of a proposed cash offer in which Cisco may pay 595 pence per share for each share of IMImobile, for a total purchase price of roughly USD 730 million (assuming fully diluted shares, net of cash and debt).
The global demand for enterprise mobility management may generate USD 630,994 million revenue in 2023.
Adoption of enterprise mobility services is poised to witness 16.5% CAGR through 2033.
The solution segment had almost 62.3% of the total market share in 2022.
The country could retain its top position by following roughly 15% CAGR till 2033.
India is currently the most lucrative market that could exhibit 18.5% CAGR through 2033.
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 Component 5.1. Solution 5.2. Service 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment 6.1. On-Premise 6.2. Cloud 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Enterprise Size 7.1. Large 7.2. Small and Medium 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type 8.1. Laptop 8.2. Tablet 8.3. Smartphones 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vertical 9.1. Healthcare 9.2. Energy and Utilities 9.3. BFSI 9.4. Retail 9.5. Government and Public Sector 9.6. IT and Telecom 9.7. Education 9.8. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. MEA 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia 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. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Globo PLC 20.2. Enterprise Mobile Inc 20.3. Verizon Enterprise Solutions 20.4. International Business System 20.5. SAP SE 20.6. Panasonic Corporation 20.7. Nokia Corporation 20.8. Blackberry Ltd 20.9. Cerner Corporation 20.10. AT&T Inc 20.11. IBM Corporation 20.12. iPass Inc 20.13. Good Technology Inc 20.14. Meru Networks 20.15. Cisco Systems Inc 20.16. Avaya Inc 20.17. Aruba Networks Inc. 21. Assumptions & Acronyms Used 22. Research Methodology
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Enterprise Mobility Market
