MDM Market is Easing Future Technology Mobility with CAGR of 23.9% in the Forecast Period (2024-2031)
Global Mobile Device Management Market size is poised to grow from USD 4.75 billion in 2023 to USD 21.3 billion by 2031, growing at a CAGR of 23.9% during the forecast period (2024-2031). The growing digitization of the globe and popularization of cloud services are the foremost stimulators of the market’s growth. Cloud-based MDM systems offer better availability of digital resources and allow IT personnel to effectively handle and synchronize numerous OS from just one console also. The growing trend of "bring your own device" (BYOD) is also contributing to the market expansion.
Enormous Increase in the Mobile Workforce in Businesses
Global corporate entities are rapidly adopting several trends, such as Bring Your Own Device (BYOD) and organisational mobility. Businesses have been able to boost worker productivity by allowing employees to access company data on any device, from any location, at any time. This phenomenon is known as BYOD. However, the risk of unauthorised data access and data breaches has significantly grown due to the possibility of personal devices being lost, stolen, or connected to insecure networks. It also provides more control over corporate-owned business-only devices (COBO), BYOD, CYOD, and COPE.
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Difficult to Overcome High Initial Cost
Mobile device management circuit development and manufacture require specialised tools and procedures, which raises the initial cost significantly. This pricing element may act as a deterrent for new or smaller businesses looking to enter the industry. Mobile device management circuits in data centres are made possible by the constant increase in data traffic and the demand for high-speed communication solutions. These circuits can facilitate effective data transmission, lower latency, and enhance network performance in general.
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Including UEBA in MDM systems
Due to the exponential increase of corporate endpoints and data sharing at the edge, business organisations today operate in a dynamic environment where cyber threats are more sophisticated and pervasive than ever. Cybersecurity and endpoint disruption pose a threat to organisations, resulting in decreased employee productivity and increased IT expenses. UEBA is a new class of security solutions that may protect users and endpoints from continuous surveillance due to its autonomous detection and response capabilities. Businesses may achieve seamless zero-touch productivity and zero-trust security by incorporating UEBA into MDM. The next wave of enterprise cybersecurity is this one.
Redefining Waste Management’s in the International Frontier
The world's rising digitization and the widespread use of cloud-based services, which provide better access to digital assets and simplified management of numerous operating systems, are driving the expansion of MDM. Despite the substantial increase of mobile workforce and subsequent data breaches as well as high initial costs for developing mobile device control circuits, more comprehensive solutions are required. One of the most important things you can do to protect yourself from complex cyber threats is to integrate User and Entity Behaviour Analytics (UEBA) into your MDM systems. Get in touch with us right now to find out how our integrated UEBA capabilities can strengthen your cybersecurity defences and help your company succeed in the digital era.
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