DUBLIN, April 4, 2018 /PRNewswire/ --
The "Mobile Device Management (MDM) Market by Type, Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Mobile Device Management (MDM) market to grow from USD 2.81 Billion in 2018 to USD 7.86 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.8% during the forecast period.
The major factors that are expected to be driving the Mobile Device Management market are the propagation of smartphones and tablets, the increasing productivity of both employees and enterprises, and the growing security concerns to protect corporate data.
The objective of the report is to define, describe, and forecast the Mobile Device Management market size based on types (solutions and services), deployment types, organization size, industry verticals, and regions. Among the solutions segment, the security management subsegment is expected to grow at the highest CAGR during the forecast period.
The security management solution is used to protect corporate information from cyber-attacks. This solution also helps organizations in formulating stringent security policies for protecting their corporate data from outside threats. The security and privacy of devices and applications have been the top priorities for every business, as mobile devices are more vulnerable to attacks as compared to that of desktops and Personal Computers (PCs).
The cloud deployment type is expected to witness a faster growth rate in this market, as it is being rapidly accepted by various enterprises, because of its easy, flexible, affordable, and scalable features. Moreover, cloud-based solutions empower IT teams to enroll, lock, protect, and manage devices from a remote location. Modern mobile device operating systems demand regular updates of their platforms for their smooth functioning. A cloud-based MDM solution offers a faster response to such updates as compared to that of an on-premises solution.
Among the industry verticals, healthcare is expected to be one of the fastest growing in the Mobile Device Management market, due to the widespread adoption of mobile devices in this industry vertical. The wide use of mobile devices among patients, doctors, nurses, and other supporting staff has increased across the globe. Therefore, it is expected to drive the adoption of MDM solutions in this industry vertical. MDM plays an important role in the healthcare industry vertical by providing a 360 view of customers and optimizing interactions at every point.
Mobile Device Management Market
North America is expected to hold the largest market size in the Mobile Device Management market during the forecast period, followed by the European region. The region has been receptive toward adopting MDM solutions within organizations to safeguard their content from piracy and data breaches, web and network threat security, cyber-attacks, and severe data losses.
The APAC region is expected to experience a strong growth in the coming years, as the organizations are looking forward to adopting enterprise mobility solutions for meeting the demands of a dynamic mobile workforce. Economic growth, young population, cloud-based solutions for Small and Medium-sized Enterprises (SMEs), use of local brand tablets and smartphones for business purposes, and the growing Bring Your Own Device (BYOD) trend are the expected factors to be driving the overall MDM market in this region.
The increasing adoption of cloud-based MDM solutions among the SMEs is expected to offer huge opportunities for the growth of the Mobile Device Management market. However, the declining adoption of BYOD among businesses is expected to act as a major restraining factor that could hamper the growth of the MDM market.
The major vendors in the MDM market include BlackBerry (Canada), IBM (US), Microsoft (US), MobileIron (US), VMware (US), Citrix Systems (US), ManageEngine (US), SAP (Germany), Sophos (UK), and SOTI (Canada). The key innovators include Mitsogo (US) and 42Gears Mobility Systems (India).
Key Topics Covered:
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Mobile Device Management Market
4.2 Market Share of Top 4 Industry Verticals and Regions, 2018
4.3 Market Investment Scenario
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Propagation of Smartphones and Tablets
18.104.22.168 Increasing Productivity of Both Employees and Enterprises
22.214.171.124 Growing Security Concerns to Protect the Corporate Data
126.96.36.199 Need for MDM Solutions to Manage and Synchronize Different Platforms Through A Single Console
188.8.131.52 Reluctance of Employees to Implement MDM Solutions in Their Personal Phones Due to Privacy Issues
184.108.40.206 Declining Adoption of Byod Among Businesses
220.127.116.11 Increasing Cloud-Based Deployment By SMEs
18.104.22.168 Integration of MDM Capabilities Into the UEM Suite
22.214.171.124 Difficulties in Selecting the Right MDM Vendor, and Triangular Competition Among Peers
126.96.36.199 Complexities in Interoperability, Cross-Platform Implementations, and Management of Multiple Mobile Devices From Different Vendors
5.3 Value Chain Analysis
5.4 Innovation Spotlight
5.5 Mobile Device Management Market Analysis, By Device
6 Mobile Device Management Market, By Type
6.2.1 Device Management
188.8.131.52 Use Case: Device Management Solutions' Ability to Manage Field Workers' Mobile Devices Efficiently
6.2.2 Application Management
184.108.40.206 Use Case: Managing Educational App on the Air
6.2.3 Security Management
220.127.116.11 Use Case: Securing Patient's Data
18.104.22.168 Use Case: Improving Workforce Efficiency With the Help of Kiosk Management Solutions
6.3.1 Professional Services
22.214.171.124 Consulting Services
126.96.36.199 Integration and Deployment
188.8.131.52 Training and Support
6.3.2 Managed Services
7 Mobile Device Management Market, By Deployment Type
8 Market By Organization Size
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises
9 Market By Industry Vertical
9.2 Banking, Financial Services, and Insurance
9.7 Transportation and Logistics
9.8 Government and Public Sector
9.9 Manufacturing and Automotive
10 Mobile Device Management Market, By Region
10.2 North America
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 Latin America
11 Competitive Landscape
11.2 Key Players Operating in the Mobile Device Management Market
11.3 Competitive Situations and Trends
11.3.1 New Product/Solution/Service Launches
11.3.2 Business Expansions
11.3.3 Partnerships, Agreements, and Collaborations
12 Company Profiles
12.7 Citrix Systems
12.8 Manageengine, A Division of Zoho Corporation
12.12 Key Innovators
12.12.2 42gears Mobility Systems
For more information about this report visit https://www.researchandmarkets.com/research/tm72bc/mobile_device?w=5
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