Mobile Device Management Market Latest Report with Current Trends, Future Estimations and Opportunity Analysis

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Japan, Japan, Sat, 26 Dec 2020 10:47:46 / Comserve Inc. / — The report offers overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

The Mobile Device Management Market was valued at USD 3.40 billion in 2019 and is expected to reach USD 10.67 billion by 2025, at a CAGR of 21% over the forecast period 2020 – 2025. The rapid rise of BYOD and the growing security concerns to protect an enormous amount of corporate data are some of the significant factors influencing the growth of the MDM market.
– With the rapidly increasing trend of BYOD, there comes a new set of considerations for connectivity, security, management, and privacy. Employees in every enterprise have different mobile service providers, also the devices run on different operating systems. The inherent risks associated with the BYOD policy has given rise to mobile device management (MDM) software which is used by an IT department to manage, monitor, and secure employees smartphones, laptops, tablets, and other mobile devices that are being used in the workplace.
– Earlier solutions focused primarily on devices and lacked the management of application and content. Today, the service providers are increasingly focusing on a broader EMM (enterprise mobility management) solution to better capture and serve the mobile opportunity.
– Without this solution, important information on a stolen or lost device is not secure enough, which enables it to easily fall into wrong hands. Moreover, devices without MDM protection have increased exposure to malware and other virus attacks that could compromise the confidential data stored in it. If that confidential data is compromised, that can permanently affect an organization's reputation with consumers and other business partners, which is one of the most important factor driving the market forward.

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– Because of the outbreak of Covid-19, service firms are increasingly embracing work-from-home culture. The risk of any employee working remotely significantly increases the risk of a compliance deficiency and poses a risk to firms' most sensitive data. To mitigate these risks, firms need to undertake countermeasures like adopting mobile device management applications to increase supervision and security features which will only boost the market demand for MDM systems.
Key Market Trends
Cloud Based Deployment is Expected to Dominate the Market
– The cloud-based deployment is expected to witness a faster growth rate in the market, as the solution is being rapidly adopted by various organizations in the corporate landscape, owing to its flexible, smooth, scalable, and affordable characteristics.
– Moreover, cloud-based solutions empower IT teams with functionality such as to enroll, lock, manage, and protect devices from a remote location. Modern mobile devices use different operating systems which demands regular firmware updates of their platforms for the smooth functioning of the device. A cloud-based MDM solution enables faster response to such update requirements as compared to that of an on-premises solution.
– Most of the industry verticals, such as manufacturing, telecom, transportation, utilities, logistics, and retail, prefer cloud-based MDM solutions owing to the various advantages it presents. Moreover, the Small and Medium-sized Enterprises (SMEs) are also rapidly moving towards the cloud deployment solutions, due to budget constraints and the ease of accessibility of cloud-based MDM solutions.
North America is Expected to Hold the Largest Market Share
– Growing smartphone penetration and technological advancements are driving the enterprises in the region to adopt BYOD practices in the region. The US is the leading market across North America. Many organizations in the North American region are adopting enterprise mobility solutions to meet the requirement of the increasing dynamic mobile workforce, which in turn is fueling the demand for mobile device management solutions across the region.

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– The companies operating in the mobile device management in the region, primarily adopt acquisition as a major business strategy, which in turn helps them to increase their product offerings in order to expand their reach globally. In addition, mergers and focus on research and development are some of the prime strategies adopted by the players operating in this market.
– The region has witnessed increased adoption of MDM solutions within organizations primarily to protect their content from piracy and data breaches, cyber-attacks, web and network threat security, and severe data losses.
Competitive Landscape
The mobile device management market is highly competitive owing to the presence of many small and large players operating and providing solutions in domestic as well in the international market. The market appears to be moderately concentrated with major players adopting strategies like product innovation and most of the large vendors offer Mobile Device Management as a part of their Enterprise Mobility Management(EMM) offerings. Some of the major players in the market are Cisco Systems Inc., SAP SE, Kaspersky Lab Inc., IBM Corporation among others.
– August 2019 – VMware, Inc., at VMworld 2019, rolled out new innovations for its MDM/EMM solution, VMware Workspace ONE digital workspace platform. The new innovations aim to engage and improve employee productivity. The innovations also allow IT teams to leverage automation and improve management and security for any application, on any cloud, delivered to any device.
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1 INTRODUCTION
1.1 Study Assumptions�?? and Market Definition�??
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS�??
4.1 Market Overview
4.2 Industry Attractiveness – Porter's Five Forces Analysis�??
4.2.1 Bargaining Power of Suppliers�??
4.2.2 Bargaining Power of Consumers�??
4.2.3 Threat of New Entrants�??
4.2.4 Intensity of Competitive Rivalry�??
4.2.5 Threat of Substitutes�??
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Adoption of BYOD
5.1.2 Growing Security Concerns to Protect Enormous Amount of Corporate Data
5.2 Market Restraints
5.2.1 High Initial Investment during the Deployment in the Infrastructure
5.3 Assessment of Impact of Covid-19 on the Industry
6 MARKET SEGMENTATION
6.1 By Solution
6.1.1 Application Management
6.1.2 Device Management
6.1.3 Security Management
6.2 By Deployment Type
6.2.1 On – Premise
6.2.2 Cloud
6.3 By End-user Vertical
6.3.1 Telecom & Information Technology
6.3.2 Banking and Financial Service
6.3.3 Healthcare
6.3.4 Retail
6.3.5 Government
6.3.6 Manufacturing
6.3.7 Other End-user Verticals
6.4 Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Latin America
6.4.5 Middle East & Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Vmware, Inc.
7.1.2 Citrix Systems, Inc.
7.1.3 MobileIron Inc.
7.1.4 IBM Corporation
7.1.5 Broadcom Inc. (Symantec Corporation)
7.1.6 Sophos Group plc.
7.1.7 Centrify Corporation
7.1.8 Kaspersky Lab Inc.
7.1.9 SAP SE
7.1.10 Ivanti Software Inc.
7.1.11 Cisco Systems Inc.
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS

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