At 25+% CAGR, Mobile Device Management Market Potentially Worth $5.32 Billion by 2021 Led by Application Management Solution
PUNE, India, November 7, 2016 /PRNewswire/ --
The mobile device management market (MDM) is forecast to reach $5.32 billion by 2021 from $1.69 billion in 2016 at a CAGR of 25.8% during (2016-2021) driven by increasing smart phone and tablet penetration, strong adoption of BYOD policies and growing security concerns regarding corporate data.
Complete report on global mobile device management market (MDM) spread across 151 pages, profiling 11 companies and supported with 87 tables and 52 figures is now available at http://www.reportsnreports.com/reports/280677-mobile-device-management-market-by-solutions-device-management-application-management-security-management-network-service-management-deployment-type-cloud-and-on-premise-global-advancements-market-forecast-and-analysis-2014-2019-.html .
Application management solution is expected to dominate the market during the forecast period. In 2016, the application management segment is expected to dominate among MDM solutions. With the growing number of mobile apps, this solution provides granular controls to the administrators in an organization which ultimately helps them in managing and securing the app data.
In addition, MDM's capability to manage and synchronize different OS platform devices through a single console has led to an increasing demand for MDM services and solutions. However, factors such as reluctance to implement MDM solution on the employees' personal phones due to privacy constraints and low adoption of MDM solutions by Small and Medium Enterprises (SMEs) because of budgetary constraints are the major restraints in the overall growth of the market.
Asia-Pacific (APAC) is projected to witness the highest growth during the forecast period. North America is expected to hold the largest market share of the MDM market in 2016 due to the increased mobile workforce, increased smart phones penetration, BYOD trend, and higher cloud-based deployment of MDM solutions in the region. APAC is estimated to grow at the highest rate during the forecast period as the organizations in this region are looking to adopt enterprise mobility solutions to meet the demands of the dynamic mobile workforce. Better economic growth, usage of mobile devices by the high percentage of young population, demand for cloud-based solutions by SMEs, use of local brands of tablets and smart phones for business purposes, and the growing BYOD trend are other factors responsible for the rapid growth of MDM market in this region.
The list of MDM vendors profiled in the report includes VMware AirWatch (U.S.), MobileIron (U.S.), BlackBerry Ltd. (Canada), Citrix Systems (U.S.), IBM Corporation (U.S.), Sophos Group PLC (U.K.), SOTI, Inc. (Canada), NetPlus Amtel (U.S.), SAP (Germany), Symantec Corporation (U.S.) and Microsoft corporation (U.S.). Order a copy of "Mobile Device Management Market by Solution (Device Management, Application Management, Security Management, and Network Service Management), Service, Deployment Type, Vertical, and Region - Global Forecast to 2021" research report at http://www.reportsnreports.com/purchase.aspx?name=280677 .
The global mobile device management market has been segmented on the basis of solutions, services, deployment types, verticals, and regions. The various types of analysis covered in the study include SWOT analysis, value chain analysis, competitive landscaping, and DROC analysis.
On a related note, another research on Managed Mobility Services Market Global Forecast to 2021 says, the MMS market is projected to grow at a high Compound Annual Growth Rate (CAGR) of 33.6% from 2016 to 2021 to reach USD 19.40 billion by 2021 driven by increasing adoption of mobile technology and accelerating Bring Your Own Device (BYOD) policies in organizations. The market in Asia-Pacific (APAC) is expected to witness the highest growth. Companies like AT&T, Fujitsu, IBM Corporation, Wipro, Orange Business Services, Telefonica, Deutsche Telekom AG, Hewlett-Packard, Vodafone, and Accenture have been profile in this 154 pages research report available at http://www.reportsnreports.com/reports/367568-managed-mobility-services-market-by-solution-sourcing-logistics-management-mobile-service-management-security-content-management-device-systems-management-application-collaboration-management-program-financial-management-global-forecast.html .
Explore more reports on IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/ .
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