Enterprise Mobility Management Market worth over $11bn by 2026
Published Date: May 25, 2020 Authors: Preeti Wadhwani, Sachin Kasnale
Enterprise Mobility Management Market size is set to surpass USD 11 billion by 2026, according to a new research report by Global Market Insights, Inc.
Enterprise mobility allows organizations to offer remote working options using personal devices such as smartphones, tablets, and laptops. It helps organizations to improve their productivity and reduce expenses related to physical office infrastructure. It also improves the mobile device endpoint security by deploying a consistent level of security policies across all mobile devices. It is accelerating the Bring Your Own Device (BOYD) trend across enterprises, helping them to reduce their technology overhead cost.
The enterprise mobility management market growth is attributed to growing mobile internet penetration across the globe. The increase in number of mobile users is enabling enterprises to manage their workforce remotely. The increase in lockdown restrictions due to growing spread of COVID-19 epidemic is also supporting the market demand.
Organizations are adopting managed services to reduce the cost of managing the remote workforce
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The managed services segment in the enterprise mobility management market is poised to witness over 15% growth during the forecast period led by rising emphasis on controlling cost associated with mobile workforce management. The management of the remote workforce can be a complicated and risk-intensive task for organizations. The enterprise mobility managed services help these organizations to effectively manage endpoint devices by delivering connectivity, visibility, security, and integration of application and company data at predictable pricing.
Browse key industry insights spread across 250 pages with 419 market data tables and 24 figures & charts from the report, “Enterprise Mobility Management Market Size By Component (Software [Mobile Device Management, Mobile Application Management, Mobile Security Management, Mobile Content Management], Service [Professional Services, Managed Services]), By Device(Smartphones, Tablets, Laptops), By Deployment Model(On-Premise, Cloud)By Application (IT & Telecom, BFSI, Retail, Healthcare, Automotive, Manufacturing), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
The growing adoption of innovative tablets is supporting the enterprise mobility management market growth
The tablet devices will hold a market share of more than 15% by 2026 due to growing demand for portable smart devices for business purposes. The tablets feature compact size and high-resolution displays, making them an ideal choice for business applications. The development of innovative tablets with features, such as longer battery, gesture recognition, and foldable screen, is expected to fuel the market demand for tablets. Major tablet manufacturing companies, such as Apple, Samsung, Huawei, and Lenovo, are emphasizing on offering detachable tablets.
Highest growth during 2020-2026 for the cloud deployment model segment
The cloud deployment model is estimated to grow at a CAGR of over 15% till 2026. The growth can be credited to rising adoption of cloud-based enterprise applications. Moreover, rising need to eliminate the cost related to maintenance of enterprises’ on-premise IT resources. It also provides scalability to organizations to meet workload & user demands will boost the market revenue. The adoption of cloud deployment model is increasing rapidly in SMEs on account of cost competitiveness in the market. Additionally, cloud deployment segment offers benefits such as pay-as-you-go, cost-effectiveness, and improved reliability.
Growing adoption of remote health services is supporting market growth
The healthcare sector accounted for over 10% enterprise mobility management market share in 2019 owing to growing demand for remote health services. The healthcare institutions store medical data of patients centrally and require data-accessibility every time. As the Electronic Health Records (EHS) need to be shared between different doctors and facilities, it becomes critical that the information is easily accessible and more secure. The enterprise mobility solutions allow these institutions to access the critical healthcare data remotely to improve healthcare services. In addition, increasing adoption of IoT devices across healthcare facilities is influencing the market growth.
Growing penetration of cloud computing technology will fuel the enterprise mobility management market demand across Europe
Europe is anticipated to hold a market share of around 20% by 2026 due to increasing penetration of internet and cloud computing technology across the region. Also, the rise in internet penetration in the region is attracting lots of malware and viruses to halt internal networks. In some countries of Europe, the internet penetration is more than 90%, which requires proper network traffic monitoring and diagnosis solutions so that companies and private individuals remain safe from cyber-attacks. The increasing cyber-security risk is enabling organizations to deploy innovative enterprise mobility solutions for efficient operations of their remote workforce.
Innovative product development is the key strategy adopted by leading market players
Industry players are offering innovative enterprise mobility solutions to gain competitive advantage over other industry players. For instance, in August 2019, Aruba Networks introduced Aruba WorkSpace solution that integrates Mobile Application Management (MAM), Mobile Device Management (MDM), and Network Access Control (NAC) features to help organizations to secure their data and reduce BYOD helpdesk costs. This product launch helped the company to strengthen its position in the market.
The major companies operating in the enterprise mobility management market are Accenture plc, Apperian, Inc., AT&T Inc., BlackBerry, Capgemini SE, Cisco Systems, Inc., Citrix Systems, Inc., Google LLC, HCL Technologies Limited, Honeywell International Inc., Hewlett Packard Enterprise, IBM Corporation, Infosys Limited, MobileIron Inc., Oracle Corporation, and VMware, Inc.