MarketsandMarkets forecasts the global Mobile Device Management market size is expected to grow USD 6.9 billion in 2022 to USD 22.0 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 26.1% during the forecast period. The increasing adoption of BYOD culture among enterprises will enhance the market growth.
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Services segment is to grow at the highest CAGR during the forecast period
Services are vital for managing mobile devices in a corporate setting. Most MDM suppliers provide support services to businesses in order to increase income. Professional and managed services are the two main categories of services they provide. The three subcategories of professional services include consulting, implementation, and support services.MDM service providers make money by helping businesses select the right MDM solution depending on their needs. By educating the IT staff to properly implement the deployed MDM systems, they also aid in the installation process of MDM solutions. On the other side, managed services assist firms in reducing security risks and safeguarding company data. Overall, effective service delivery increases operational effectiveness, system reliability, and cost savings for businesses.
Security management segment is expected to grow at a higher CAGR during the forecast period
Trends like BYOD and CYOD are prevalent in businesses. Because of this, companies give workers access to sensitive information via their own devices in order to boost productivity. The organization is now more vulnerable to hacks because employees can now access the company’s critical data from their devices. By identifying latent data breach incidents across the corporate network, security management systems assist enterprises in protecting this data that is accessed and shared via mobile devices.
With a prompt response to a potential data breach, it tracks, notifies, and avoids incidences of data loss. With the use of geofencing, app-sharing permissions, and restriction controls, the solution secures company data. Any malware attack that enters the network port is monitored, detected, and alerted to, and the device is automatically fixed utilising remote lock and quarantine management. Passwords, Personal Identification Numbers (PINs), screen lock patterns, and other restrictions can also be set using this tool. Data security, device security, and application security are the main features of the security management solution. The security management solution protects company data and gives mobile users a superior, hassle-free experience.
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The report covers the competitive landscape and profiles of major market players, such as VMware (US), Microsoft (US), IBM (US), Blackberry (Canada), Citrix (US), Google (US), Cisco (US), Samsung (South Korea), Micro Focus (UK), ZOHO (India), SolarWinds (US), SAP (Germany), Quest Software (US), Ivanti (US), Sophos (US), SOTI (Canada), Jamf (US), Qualys (US), Snow Software (Sweden), Matrix 42 (Germany), Rippling (US), 42Gears (US), ProMobi (India), Baramundi (Germany), Mitsogo Inc (US), Codeproof technologies (US), AppTec (Switzerland), Addigy (US), Kandji (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global mobile device management market.
VMware provides mobile device management such as VMware Workspace ONE, Unified endpoint management and anywhere workspace station. Anywhere Workspace solution is designed to let the client’s employee to gain security and frictionless experience of the connection. This can be used to build trust to empower distributed workforce. This also reduces cost and operational overheads. Unified endpoint management takes a user-centric approach to enable IT to centrally manage every device, every app, and every mobile use case, which can be corporate-owned or BYOD.
One of the major companies in the market for mobile device management is Microsoft. Microsoft Intune, a cloud-based service that focuses on mobile device management (MDM) and mobile application management, is a service that the company plans to offer (MAM). Microsoft provides a variety of support services for managing mobile devices. The company provides customers with software, platforms, content delivery systems, support, and consulting services through cloud-based solutions. Micosoft access is divided into three categories which include personal computing, intelligent clouds, and productivity and business processes.
The company offers cloud-based solutions that provide customers with software, platforms, content delivery solution, support, and consulting services. Microsoft access in three segments: productivity and business processes, intelligent cloud, and personal computing.
With both organic and inorganic development initiatives, VMware focuses on Y-o-Y growth. For instance, in June 2021, VMware and Zoom Video Communications teamed up to make it possible for hybrid work environments to collaborate in a better and more secure way. In an effort to further enhance usability, application and network speed, and security, the VMware Anywhere Workspace and Zoom collaboration platform are now interoperable.
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