Mobile Device Management Market

Analysis from GMI Research finds that the Mobile Device Management Market earned revenues of USD 7.2 billion in 2022 and forecast to touch USD 57.3 billion in 2030 will grow at a CAGR of 29.6% from 2023-2030.

Introduction of the Mobile Device Management Market Report

Mobile device management (MDM) is a software that allows IT teams to secure, control, and enforce policies on smartphones, tablets, and other mobile devices. Mobile device management software is often integrated with additional security tools and services, such as mobile application management, to develop a complete mobile device and security enterprise mobility management solution. The Mobile Device Management Market mainly covers two components: solutions and services.

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Market Dynamic

Key Drivers and Emerging Trends

The major factors augmenting the growth of the global mobile device management market are the increasing adoption of bring your own device (BYOD) and the rising security concerns to prevent a large amount of corporate data. Furthermore, the rise of BYOD has become an evident force across various businesses. There has been a rapid expansion of the fleet of mobile devices, which has become a crucial consideration for every enterprise. It drives organizations to implement a platform, which provides a high level of oversight and robust data protection. Moreover, leaders in the global mobile device management market are focusing on broader enterprise mobility management (EMM) solutions to capture and serve the mobile opportunity in an enhanced way. For instance, in 2019, IBM, in collaboration with Watson, announced the launch of its new IBM MaaS360, which is the first-ever android enterprise recommended EMM solutions. These factors are contributing to the growth of the global mobile device management market.

Impact of COVID-19 on the Mobile Device Management Market

The widespread outbreak of the coronavirus has positively impacted the growing demand of the market as service firms have started embracing work-from-home culture. Any employee who works remotely increases the risk of compliance deficiency and carries a risk to the sensitive data of the firm. Due to this, firms have started adopting mobile device management solutions to increase security and supervision features to reduce these risks, which is significantly supplementing the growth of the global mobile device management market.

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Vertical – Segment Analysis

Based on the vertical, the BFSI segment is expected to grow at a higher CAGR over the forecast period. This is mainly due to the growing trend of the bring your own device (BYOD) in the BFSI industry, which has increased the adoption of mobile device management solutions. Various companies in the BFSI sector are rapidly focusing on improving workplace mobility to enhance employee productivity and satisfaction. These factors play a prominent role in surging the growth of the BFSI segment in the global mobile device management market.

Deployment Type – Segment Analysis

On the basis of the deployment type, the cloud segment is anticipated to grow at a faster CAGR over the forecast period. This type of solution is highly adopted in the corporate landscape attributed to its smooth, affordable, scalable, and flexible properties. Furthermore, cloud-based solutions strengthen IT teams with various functionalities, which include locking, protecting, enrolling, and managing devices from a remote location. Modern mobile devices require regular firmware updates of their platforms for the smooth functioning of the device. The cloud-based MDM solution allows a faster response to such updates than an on-premises solution. These features are significantly contributing to the growth of the cloud segment in the global mobile device management market.

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Region – Segment Analysis

Based on the region, the North America region is projected to grow at a higher CAGR during the forecast period. This is mainly attributed to the growing demand for enhanced technology across various end-use verticals in this region. Many organizations in North America are rapidly implementing enterprise mobility solutions, which help enterprises to manage the growing dynamic mobile workforce, prevent their content from cyber-attacks, network & web threat security, severe data losses, and data breaches. Additionally, high smartphone penetration, increasing BYOD penetration, technological enhancements, growing need for security, and deployment of 5G services are some of the other factors that are likely to boost the growth of the mobile device management market in North America. 

Top Market Players

Various notable players operating in the market include BlackBerry Limited, IBM, MOBILEIRON, INC., Microsoft, Citrix Systems, Inc., VMware, Inc, Sophos Ltd., Zoho Corp, SAP, SOTI Inc., among others.

Key Developments:

• • In 2020, Sophos Ltd. announced the launch of Sophos Intercept X for mobile with new security capabilities. This new solution prevents users, their devices, and data from known and unknown mobile threats.
  • In 2020, BlackBerry Limited introduced BlackBerry Spark Suites, which include BlackBerry Spark UEM Suite, BlackBerry Spark Suite, BlackBerry Spark UEM Express Suite, and BlackBerry Spark UES Suite. BlackBerry Spark Suites. This offering is in-line with the convergence of mobile threat detection (MTD), endpoint protection platform (EPP), endpoint detection and response (EDR) tools.

Segments Covered in the Report:

The global mobile device management market has been segmented on the basis of component, operating system, deployment type, vertical and regions. Based on component, the market is segmented into solutions and services. The solutions segment is further segmented into device management, application management, security management, and others. The services segment is further segmented into professional services and managed services. Based on operating system, the market is segmented into IOS, android, windows, and others. Based on deployment type, the market is segmented into on-premises and cloud. Based on vertical the market is segmented into IT & telecommunication, BFSI, healthcare, retail, government, manufacturing, and others. 

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Key questions answered in this research report:

• • At what pace is global mobile device management market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in mobile device management market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global mobile device management market?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various operating system areas of global mobile device management market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Mobile Device Management Market by Component

• • Solutions
    • Device Management
    • Application Management
    • Security Management
    • Others
  • Services
    • Professional Services
    • Managed Services

Global Mobile Device Management Market by Operating System

• • IOS
  • Android
  • Windows
  • Others

Global Mobile Device Management Market by Deployment Type

• • On-Premises
  • Cloud

Global Mobile Device Management Market by Vertical

• • IT & Telecommunication
  • BFSI
  • Healthcare
  • Retail
  • Government
  • Manufacturing
  • Others

Global Mobile Device Management Market by Region

• • North America Mobile Device Management Market (Option 1: As a part of the free 25% customization)

    • By Component
    • By Operating System
    • By Deployment Type
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up

  • Europe Mobile Device Management Market (Option 2: As a part of the free 25% customization)

    • By Component
    • By Operating System
    • By Deployment Type
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Mobile Device Management Market (Option 3: As a part of the free 25% customization)

    • By Component
    • By Operating System
    • By Deployment Type
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Mobile Device Management Market (Option 4: As a part of the free 25% customization)

    • By Component
    • By Operating System
    • By Deployment Type
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Mobile Device Management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • BlackBerry Limited
  • IBM
  • MOBILEIRON, INC.
  • Microsoft
  • Citrix Systems, Inc.
  • VMware, Inc
  • Sophos Ltd.
  • Zoho Corp
  • SAP
  • SOTI Inc.