Enterprise Mobility Market size worth $11 Bn by 2026
Published Date: May 25, 2020 Authors: Preeti Wadhwani, Smriti Loomba
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.
Growing mobile internet using population across the globe is likely to drive the enterprise mobility management industry growth. The increase in number of mobile users is enabling enterprises to manage their workforce remotely. The increase in lockdown restrictions due to rising spread of COVID-19 epidemic is supporting the market demand.
Organizations are accepting managed services to reduce the cost of managing the remote workforce
The managed services market is forecast to register 15% CAGR through 2026 on account of the 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.
Get more details on this report - Request Free Sample PDF
The growing usage of innovative tablets is spurring the market revenue
The tablets are expected to capture over 15% of the enterprise mobility market share by 2026 led by increasing 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 anticipated to fuel the market demand.
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 Service, Managed Service]), By Device (Smartphone, 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 cloud deployment model is set to expand at highest CAGR
The cloud deployment model is projected to observe more than 15% CAGR through 2027 on account of rising usage of cloud-based enterprise applications. The market demand for cloud deployment is increasing due to growing 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. The adoption of cloud deployment model is increasing rapidly in SMEs owing to cost competitiveness in the market. Cloud deployment model is growing significantly with benefits such as pay-as-you-go, cost-effectiveness, and improved reliability.
Increasing adoption of remote health services is supporting the market statistics
The healthcare segment accounted for around 10% market share in 2019 impelled by rising 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. The increasing usage of IoT devices across healthcare facilities is driving the market demand.
Growing penetration of IoT devices to fuel the enterprise mobility market across Europe
Europe is predicted to capture about 20% of the market share by 2026 driven by increasing penetration of the 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. Growing 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
The companies 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 market position.
The major companies in the enterprise mobility industry 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.