USD 6.36 Billion
Report ID:
SQMIG45A2127 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
61
|Figures:
75
Global Unified Endpoint Management Market size was valued at USD 6.36 Billion in 2022 and is poised to grow from USD 8.41 Billion in 2023 to USD 78.43 billion by 2031, at a CAGR of 32.2% during the forecast period (2024-2031).
The surge in demand for Unified Endpoint Management (UEM) is fueled by two key factors: the rising need for robust data security within organizations and the increasing desire for a centralized solution to manage all devices, both conventional and unconventional. Businesses are challenged with protecting both traditional and non-traditional endpoints. Traditional endpoints include PCs, laptops, smartphones, and tablets. Non-traditional endpoints encompass a wider range, including ATMs, kiosks, smart vending machines, POS devices, wearables, and Internet of Things (IoT) devices. Managing this multitude of endpoints is a significant burden for IT departments. The Bring Your Own Device (BYOD) trend has further intensified this challenge, as companies strive to retrieve, maintain, and secure critical data accessed by employee mobile devices.
Currently, a staggering majority (over 60%) of an organization's workforce utilizes at least two devices for work, such as smartphones, tablets, and laptops. This presents a significant challenge for IT departments, as they must support a diverse landscape of operating systems, configurations, applications, and services. Many organizations currently rely on a patchwork of individual solutions, like Mobile Device Management (MDM), endpoint protection, and access management tools, to manage, monitor, and secure their various devices. However, these fragmented solutions can be cumbersome and expensive. Implementing a Unified Endpoint Management (UEM) solution streamlines device management by consolidating these separate tools. This reduces the overall cost of ownership for both devices and management software. Organizations are increasingly seeking a single, unified solution that can effectively manage, secure, and control all their endpoints. The UEM market is fueled by several key trends, including the growing popularity of Bring Your Own Device (BYOD), Choose Your Own Device (CYOD), and the burgeoning Internet of Things (IoT). These trends have led to an explosion in the number of devices, both personal and corporate, within organizations. UEM solutions provide IT administrators with a unified platform to manage workflow and access across this ever-expanding device landscape.
Global Market Size
USD 6.36 Billion
Largest Segment
Solutions
Fastest Growth
Solutions
Growth Rate
32.2% CAGR
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The global unified endpoint management market is segmented by type, organization size, vertical, and region. Based on type, the market is segmented into solutions, and services. In terms of organization size, the market is segmented into SMEs, and large enterprises. By vertical, the market is segmented into BFSI, Telecommunication & IT, Consumer Goods & Retail, Government & Defense, Healthcare, Manufacturing, Transportation & Logistics, Automotive, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
The software component, encompassing Unified Endpoint Management (UEM) platforms, takes the top spot in market share, capturing over half (51%) of the revenue. This dominance is driven by the rising demand for a centralized console that can handle both device management and security. Organizations are seeking all-in-one platforms that streamline the management and security of their varied endpoint ecosystem. Constant improvements and updates to these platforms further propel the growth of this segment. Also, the increasing popularity of cloud-based solutions and the Software-as-a-Service (SaaS) model provide further impetus to the solution component's development.
The services component is poised for the fastest growth within the UEM market. This surge is fueled by the growing demand for consulting services before implementing a UEM solution. UEM vendors play a critical role in evaluating an organization's existing IT infrastructure and recommending the most suitable UEM deployment strategy, whether on-premises or cloud-based. They further provide a comprehensive suite of services including managed services, training programs, and ongoing support. These services ensure organizations can effectively manage their devices and securely handle business data accessed through endpoints. Ultimately, these services help organizations maximize the return on investment (ROI) from their UEM solutions and navigate any challenges that may arise during implementation or ongoing use.
Analysis by Organization Size
Large enterprises reign supreme in the UEM market, capturing a commanding share of over 74% of total revenue. This dominance is expected to continue throughout the forecast period. The surge in this segment is fueled by the increasing adoption of network components, Internet of Things (IoT) devices, and a wider variety of endpoints within these organizations. As large enterprises scale their operations and build intricate digital infrastructures, UEM solutions become indispensable tools for efficiently managing and securing this diverse device landscape. Furthermore, the escalating threat of cyberattacks and the inherent complexity of managing endpoints in existing IT environments further propel the demand for UEM solutions among large enterprises.
Large enterprises currently hold the dominant position in the UEM market. However, the trend is shifting, with a projected steeper growth trajectory in adoption among small and medium-sized enterprises (SMEs). This surge is driven by SMEs' growing recognition of the value proposition offered by cloud-based UEM solutions. These solutions are particularly attractive for securing the mobile devices employees increasingly use for business purposes.
The widespread adoption of Bring Your Own Device (BYOD) policies necessitates effective management and security solutions for SMEs. UEM solutions address this need by ensuring compliance with data protection regulations. Furthermore, as SMEs invest more heavily in their IT infrastructure, they seek cost-effective ways to streamline operations. UEM solutions offer a compelling answer, enabling SMEs to reduce operational costs and enhance overall efficiency. This combination of factors is expected to propel significant growth within the UEM market segment catering to SMEs.
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North America held the largest revenue share of 42% in the global unified endpoint management market in 2023, and it is expected to continue dominating the market in the forecast period. This can be attributed to the increasing investments made by enterprises in advanced technologies to streamline their operations. The region boasts many UEM vendors who strive to offer comprehensive security solutions along with high-quality endpoint management features, further driving market growth. The early availability and adoption of technology in North America have played a crucial role in the widespread adoption of UEM solutions. Additionally, the region's large IT and capital markets, as well as their diversified businesses worldwide, create a demand for efficient management of endpoint devices, contributing to the market's growth in this region.
Asia Pacific, however, is expected to register the highest growth rate in the forecast period. This growth can be attributed to the widespread proliferation of endpoint devices in the region. The region's large working population, particularly in emerging economies, is driving the adoption of endpoint devices, which, in turn, fuels the growth of the UEM market. The increasing adoption of mobility devices in enterprises and the rapid growth of IoT applications are major factors responsible for the market's growth in Asia Pacific. Furthermore, the rise of bring your own device (BYOD) policies and the increasing adoption of cloud-based solutions contribute to the regional market's expansion. Moreover, the trend towards digital workplaces and the modernization of data centers further creates opportunities for market growth in the region.
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Unified Endpoint Management Market Drivers
Rise in Remote Workforce
Growing Security Concerns
Unified Endpoint Management Market Restraints
Complexity of Implementation
Data Privacy and Compliance
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The global unified endpoint management market has a competitive landscape with several key players vying for market share. These companies offer UEM solutions and services to help organizations manage and secure their diverse endpoint devices. companies compete by offering comprehensive UEM solutions, integration with other IT infrastructure components, strong security features, and scalability to meet the evolving needs of organizations. The competitive landscape of the global UEM market is dynamic and driven by the need for effective endpoint management and security in the increasingly digital and mobile-oriented business environment.
Unified Endpoint Management Market Top Player’s Company Profiles
Unified Endpoint Management Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global unified endpoint management market analysis, the increasing adoption of mobile devices and the growing trend of remote work have created the need for effective endpoint management solutions. Organizations are looking for ways to streamline device management, ensure data security, and enhance employee productivity. The UEM market presents significant opportunities for growth. The increasing adoption of IoT devices in various industries, such as healthcare, manufacturing, and retail, opens avenues for UEM solution providers to offer specialized services. The global UEM market is witnessing steady growth driven by the increasing need for effective device management, data security, and the rise of mobile devices and remote work. While challenges exist, the market offers opportunities for UEM solution providers to cater to the evolving needs of organizations and capitalize on emerging technologies.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.36 Billion |
Market size value in 2031 | USD 78.43 billion |
Growth Rate | 32.2% |
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 Unified Endpoint 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 Unified Endpoint 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 Unified Endpoint Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Unified Endpoint 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: SQMIG45A2127
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