USD 6.36 Billion
Report ID:
SQMIG45A2127 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
61
|Figures:
75
Unified Endpoint Management Market size was valued at USD 8.41 Billion in 2023 and is poised to grow from USD 11.12 Billion in 2024 to USD 103.68 Billion by 2032, growing at a CAGR of 32.2% during the forecast period (2025-2032).
Verticals and computing systems are adding to global IT asset footprints. Organizations increasingly use higher endpoint models in an effort to fulfill the need for updated hardware, be it ChromeOS or Windows 10. Increasingly businesses use endpoints including laptops, tablets, smartphones, and desktop computers. More businesses look for the management of the endpoints through a single platform. As a result, there is an increased need for one solution as more organizations embrace advanced endpoints. Another factor fueling the unified endpoint management market growth is the increasing propensity to enact policies that allow personal devices to access corporate information. One of these policies, Bring Your Own Device (BYOD), is growing in popularity among companies as a means to boost worker productivity, where businesses allow their employees to share corporate information on their devices. With the increasing data sharing across multiple devices, the company faces even more challenges in controlling the devices. Therefore, the requirement for a unified endpoint management (UEM) solution is predicted to grow over the forecast period to address such IT challenges. In addition, the unified endpoint management industry is expected to be fueled by the increasing importance of data security and the need for a single solution that manages the increasing number of traditional and non-traditional data points. Organizations have been compelled to implement UEM solutions in response to the increasing BYOD trend to protect critical information and protect devices against endpoint cyberattacks.
Global Market Size
USD 6.36 Billion
Largest Segment
Solutions
Fastest Growth
Services
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 Component
As per the 2023 unified endpoint management market analysis, the market is currently dominated by the solutions sector. This is fueled by the increasing need from businesses to effectively manage and protect a variety of endpoints, including desktop computers, tablets, smartphones, and Internet of Things devices. As UEM systems offer centralized control, companies can easily handle security, upgrades, and device settings across several platforms. The demand for UEM solutions is expected to continue rising with the increase in mobile device usage and remote work. The popularity of UEM platforms among businesses is increasing because they improve security, increase productivity, and make it easier to manage devices. This makes the solutions category the leader in the market.
However, the growing requirement for services such as consultancy, integration, training, and continuing support is expected to propel the market's services segment of UEM to rapid growth. A business entity using UEM systems needs professional advice to ensure efficient implementation, administration, and customization. As businesses move to optimize their UEM systems, services such as cloud integration, security audits, and endpoint management optimization are gaining importance more and more. The growth in the services category is also being supported by the increasing intricacy of maintaining multiple endpoints and the need for ongoing support.
Analysis By Vertical
Based on the 2023 unified endpoint management market forecast, the telecom and IT sector accounted for the largest revenue share, at 25.6%. One of the drivers of the segment is the increase in spending on IT services and solutions to manage and enhance their productivity. Dedicated servers and complex IT network components are utilized in the telecom and IT industries to manage the flow of applications between businesses and the overall health of IT resources. The system administrators face a more significant burden of providing all endpoints reliably and consistently. The problems are being overcome by using UEM solutions implemented in the telecom and IT sectors. Moreover, the market is growing because of the need to support the client and continuous projects funded by third-party service providers.
Contrarily, the healthcare category is expected to register the highest growth during the forecast period. The primary drivers of growth in this segment are the technical advancements in the healthcare industry and the increasing use of wearable technology, blood pressure monitors, and other cloud-based gadgets. In addition, the growing use of mobile devices and other Internet of Thing's devices to improve services by exchanging vital information across endpoints and enabling remote communication and collaboration raises the dangers of cyberattacks and puts greater strain on IT asset management administrators. The increased need to protect patient and healthcare facility data therefore increases the use of a UEM solution in order to improve such life-saving systems.
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In 2023, North America accounted for the largest revenue share of 40.6% and dominated the market. Moreover, it is anticipated that during the projection period, the region will dominate the market. A significant factor driving the regional market is the increasing investment undertaken by companies in advanced technology to make their operations streamlined. Besides, the regional market is stimulated by the extensive UEM manufacturers and consistent efforts aimed at offering solutions with comprehensive security capabilities supplemented by end-point management strengths. This factor has resulted in most North American users seeking to begin early with technology integration. Further, the high number of financial markets and IT companies around the world, along with their wide range of business operations, require efficient endpoint device management, which has driven market growth in this segment.
Contrarily, Asia-Pacific is expected to grow at the fastest CAGR of 24.4% during the forecast period owing to the high proliferation of endpoint devices in this region. It is expected that Asia Pacific's emerging economies have a large working population. Endpoint device usage is expected to surge in this region, and it will support the expansion of the unified endpoint management market. One of the primary growth factors for regional markets is increasing business and IoT application-related usage of mobile devices. The growth of cloud-based solutions and BYOD rules is another factor driving regional market growth. In addition, the market is expected to grow further through the upgrading of data centers and the trend toward digital workplaces throughout the projection period.
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Unified Endpoint Management Market Drivers
Increasing Adoption of Remote Work
Global events such as the COVID-19 pandemic have accelerated the trend towards remote and hybrid work patterns, increasing the number of endpoints that enterprises must control. Irrespective of where these devices are, unified endpoint management (UEM) solutions provide a single platform for security, management, and monitoring. UEM solutions are fast becoming essential for ensuring effective, secure device management across diverse contexts as more businesses turn to remote work.
Increasing Concerns Regarding Cybersecurity
Cyberattacks and data breaches are on the rise, and companies are becoming more concerned about endpoint security. With a single pane of glass to control endpoint security, UEM solutions enforce security policies, roll out updates, and perform scheduled scans. Such solutions are indispensable in the protection of the organization's data and compliance with the requirements as all kinds of devices such as laptops, smartphones, and Internet of Things devices are protected from known vulnerabilities.
Unified Endpoint Management Market Restraints
Data Privacy Issues
User Resistance to Monitoring
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Major players in this competitive unified endpoint management are VMware, Microsoft, IBM, Citrix, and MobileIron. These companies offer inclusive endpoint security, management, and optimization solutions. Focusing on innovation, and extending their product portfolio and including AI, and machine learning expertise for making the product innovative will enable them to sustain business momentum. Strategic alliances and acquisition, in addition, enable improving market position and spreading markets in other parts of the globe.
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 Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, unified endpoint management, or UEM, will find growth significantly as a market because of rising needs for enhanced security, streamlined IT operations, and efficient endpoint management. The necessity of managing diverse kinds of devices, the increasing remote working trend, and cybersecurity threats are the most influencing factors behind the market's growth. By ensuring seamless endpoint management and security, UEM solutions assist organizations in streamlining operations. However, there are also some companies that face challenges such as high implementation cost and integration complexity. As technology continues to develop, the market will also face changes in AI, machine learning, and cloud solutions, which will affect the future of UEM, making it more prevalent across various industries.
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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