USD 6.16 billion
Report ID:
SQMIG45C2034 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
59
|Figures:
77
Enterprise Mobility Management Market size was valued at USD 5.34 billion in 2022 and is poised to grow from USD 6.16 billion in 2023 to USD 19.12 billion by 2031, at a CAGR of 15.2% during the forecast period (2024-2031).
The requirement of enterprise mobility management technologies is wide ranging because of the sharp growth in mobile devices, which is in turn at the behest of changed enterprises' focus towards securing their digital infrastructure. Moreover, advancements in cloud-based EMM systems are adding value to the outlook of the market. The market is predicted to advance throughout the forecast period due to the increasing adoption of Bring Your Own Device policies and the growing mobile workforce among all kinds of businesses to increase employee productivity. Applications such as Mobile Device Provisioning, MAM, and MDM constitute enterprise mobility management. Solutions for mobile content management, mobile security, and business mobility. Several countries, including Brazil, Canada, Saudi Arabia, the UK, and India are investing heavily in cybersecurity solutions to protect sensitive data. Such nations are funding several cybersecurity research programs aimed at reinforcing the security of their digital infrastructure data. For instance, in February 2023, the Canadian government through the Cyber Security Cooperation Program, made known its decision that would finance the cybersecurity programs at Université de Sherbrooke amounting to USD 1.9 million. Thus, this research initiative looks for further enhancements toward the security of Industry 4.0, 5G connectivity, and other wireless environments. Such steps by the government would further hasten the process of market growth.
US Enterprise Mobility Management Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 6.16 billion
Largest Segment
Software
Fastest Growth
Service
Growth Rate
15.2% CAGR
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Global enterprise mobility management market is segmented based on vertical, deployment mode, component size, organization size and region. By organization size, the market is segmented Large Enterprises, Small and Medium-sized Enterprises. By deployment mode, the market is segmented into on-premises and cloud. By component, the market is segmented into Solutions, Mobile Device Management, Mobile Application Management, Mobile Content Management, Mobile Expense Management, Identity and Access Management and Services. By vertical, Banking, Financial Services, And Insurance, Government, Healthcare and Life Sciences, Retail and E-commerce, Manufacturing, Information Technology and Telecom, Transportation and Logistics, Travel and Hospitality and Other Verticals. By region, the market is segmented into North America, Europe, Asia Pacific, South America and Rest of the world.
Analysis by Deployment Mode
Due to numerous advantages, the cloud-based segment leads in terms of market share. The most significant advantage is centralized data security that simplifies the management of sensitive data and reduces the risk of data breaches. In addition, increased adaptability provided by cloud-based solutions enhances a variety of EMM functions related to application management, provisioning, and mobile safety. It reduces the specialized software and hardware costs of companies that are clients as they can utilize cloud infrastructure; it therefore helps in efficient resource allotment. Due to the cost-effectiveness and agility of its operations, it is anticipated to grow because more businesses realize the benefits of using cloud-based security solutions for their data management needs.
On the contrary, owing to an exclusive set of benefits, it is expected that the on-premises segment is going to grow at the highest growth rate in the projection period. Such a deployment strategy enables business owners to gain complete control over updates, security, and maintenance so as to offer customized solutions to meet unique organizational requirements. Moreover, on-premises deployments frequently provide more advanced security capabilities which facilitate companies to comply with multiple regulatory mandates and enhance their risk management in general. The more companies are questioned by auditors over their data safety and compliance issues, the larger the need to maintain a regulated on-premises solution. All these factors contribute to growth of the on-premises segment of the market in the future.
Analysis by Vertical
The BFSI sector was the largest shareholder in the market in 2023. The journey from internet services to digitalization and global transactions requires faster and effective solutions. From insisting on clients to come to sites for service, the BFSI has become organizations that go to clients' homes. Crucial financial and personal details of clients are stored in the BFSI industry and deployed for delivery service. Contemporary strategies, including the Zero Trust concept, have been introduced by financial institutions toward strengthening security and yet significantly improving the security posture. Thus, the need to meet safety compliance standards has been the main driver impelling the BFSI industry to formulate corporate mobility solutions. This factor, therefore, promotes market growth.
On the contrary, it is expected that during the projection period, the retail and e-commerce segment would gain development at the highest CAGR. The retail industry has growing demand for enterprise mobility management solutions. This is primarily due to the growth of online shopping and the penetration of the e-commerce sector. The emergence of retail mobile devices, such as POS terminals and kiosks, compels retailers to provide higher digital security for these devices to protect sensitive company information and encourage the growth of the segments. This factor, therefore, contributes to the growth in the retail & e-commerce segment.
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North America dominated the global market. Several EMM services and solutions bidders exist in the region, such as IBM, Citrix, Microsoft, and ManageEngine. The companies above are majorly targeting sales expansion and corporate expansion due to fierce competition in the North American market. For keeping pace with the cutting-edge technology developed and available in the market, organizations of this region focus on upgrading. This is also because such a policy attracts various benefits, including better supply chain management, enhanced monitoring abilities of patient health for healthcare equipment, and effective handling of day-to-day transactions in the BFSI vertical for life sciences and retail, among others. For instance, it is expected that by 2029, 5G would surpass other mobile technologies, and connections are expected to go up over the next two years. Therefore, the corporate mobility management industry is actually doing all the hard work to make good on the promise of 5G.
However, as per the given forecast period, Asia-Pacific is expected to experience the fastest growth in terms of CAGR. This rise is credited to increasing mobile device penetration and increased digitalization, which will turn out to be the prime demand driving factor for the local market. In addition, there is a growing no of SMEs and their significance to BYOD rules drives the sales volume of EMM solution in the local market. The governments of several countries, such as Australia, China, India, and South Korea, are digitizing the entire infrastructure, which is expected to provide high potential for the enterprise mobility management market in the region over the forecast period.
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Enterprise Mobility Management Market Drivers
Increasing Use of Mobile Devices
Growing Cybersecurity Concerns
Restraints
High Implementation Costs
Complex Integration Challenges
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To penetrate new markets and increase their footprints across the globe, major players in the industry are providing customized solutions to specific sectors. To gain significant traction across multiple geographies, these major companies are acquiring local companies and building strategic partnerships. These industry players are focusing on creating novel, effective marketing strategies and innovative products to maintain and increase their market share. With more and more demand for corporate mobility management solutions, there may be enough scope in the market for the participants.
Enterprise Mobility Management Market Top Player’s Company Profiles
Enterprise Mobility Management Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing usage of mobile devices and the growing concern of organization cybersecurity will increase high growth in the enterprise mobility management market. Organizations are seeking to become more efficient, and sensitive data needs protection through good EMM solutions. However, some organizations do not use these technologies totally, mainly because of very expensive installation costs and complicated integration processes. However, trends such as shifts to cloud services and a focus on user-centric security are shifting the game. In general terms, EMM will become mission-critical to ensuring safe and effective operations of the enterprises as organizations adapt to changing mobile landscapes.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.34 billion |
Market size value in 2031 | USD 19.12 billion |
Growth Rate | 15.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Enterprise Mobility Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Enterprise Mobility Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Enterprise Mobility Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Enterprise Mobility Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45C2034
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