19-Nov-2024 | Zion Market Research
Global Enterprise Mobility Management Market: Overview
In terms of revenue, Global Enterprise Mobility Management Market was worth USD 2.63 Billion in 2023. The market is forecast to reach USD 19.74 Billion by 2032, growing at a compound annual growth rate (CAGR) of 25.1% during the forecast period 2024-2032
Mobile devices have evolved incredibly, right from a simple communication tool to a powerful computational device, and are widely used for several complex business applications to streamline & mobilize IT & corporate businesses. Enterprise mobility management (EMM) plays a critical role in all these circumstances. EMM is nothing but a set of technologies and services especially designed to protect the corporate data on employee-and corporate-owned mobile devices.
Global Enterprise Mobility Management Market: Growth Factors
The global enterprise mobility management market is growing at a significant rate. The increase in bring-your-own-device movement, the current pandemic situation resulting in remote working, and the growing necessity of intellectual property protection are some of the predominant factors that are driving the growth of the global market. To cover the mobility needs of larger enterprises, EMM consists of a larger set of functionalities that requires a complete set of features such as connecting from external networks into the cloud-based applications, remote server & organization, employee devices accessing corporate data, and remote work. Further, in addition to MDM, EMM also encapsulates mobile application management, app wrapping & containerization, mobile content management, identity & access management, and also plays a crucial role in securing & controlling cloud-based applications & computing and data storage. All these factors have resulted in the rise in usage of EMM across several industries thereby boosting the growth of the global enterprise mobility management market. In addition to this, the rise in the use of smartphones for business, the growing adoption of cloud-based technologies, and the increase in the use of UCC solutions are also the key features that are propelling the growth of the market. Moreover, the rise in digitalization in most of the industrial sectors is also spurring the growth of the global market. Furthermore, the use of cutting-edge technologies to enhance the efficiency and features of the EMM solutions will serve better opportunities for the growth of the global enterprise mobility management market during the forecast period. However, fear of data loss and an increase in the frequency of cyber-attacks & data breaches may limit the growth of the global enterprise mobility management market.
The global enterprise mobility management market is growing at a healthy rate in the current pandemic conditions. With the current onset of the COVID-19, small and large enterprises are forced to allow work from home options to continue business operations. Work from home or outside organizations becomes crucial to curb the spread of the infection. This has led to the growing adoption of enterprise mobility management solutions. Large enterprises are actively adopting these solutions for seamless operations and to protect company data while working on personal devices. Also, with the occurrence of the second wave of the infection, small enterprises are focusing on adopting EMM solutions.
Global Enterprise Mobility Management Market: Segmentation
The global enterprise mobility management market is bifurcated into components, organization size, deployment mode, vertical, and region. Based on components, the global enterprise mobility management market is categorized into solutions and services. Based on deployment type the enterprise mobility management market is split into on-premises and cloud. By organization size, the market is divided into large enterprises and small & medium enterprises. By vertical, the market is divided into retail & e-commerce, government, banking, financial services, & insurance, manufacturing, logistics, and other verticals.
Global Enterprise Mobility Management Market: Regional Analysis
Regionally, the global Artificial Intelligence in medical imaging is segmented into North America, Europe, Asia Pacific, and Rest of world. Among all, North America region is lead the market and dominate the market during the forecasting period. Moreover, Asia pacific is likely to grow with fasted CAGR rate during the forecasting period. However, ROW is expected to significant growth rate.
North America region includes US, Canada and Mexico. Owing to the well-established logistic, banking, telecommunication, healthcare, and IT sectors the North America region is anticipated to dominate the enterprise mobility management market. Moreover, high adoption rate of (BYOD) Bring-Your-Own-Device programs in North America coupled with development & growth of research & development activities and investments by government and private organizations is further stimulating the market growth.
Asia pacific is likely to grow with fasted CAGR rate during the forecast period for global enterprise mobility management market. The large number of small & medium enterprises and rising digital transformation can be the factors responsible for market growth in Asia Pacific region. Rapidly expanding end-use sectors in China, India, and Japan are expected to contribute major revenue in the Asia Pacific region over the forecast period.
Global Enterprise Mobility Management Market: Competitive Players
Key players in the global enterprise mobility management market are focusing on product upgradations, new product development, mergers, and acquisitions. Some of the major players in the market include Microsoft, IBM, Cisco, VMware, Citrix, BlackBerry, SAP, Matrix42, Nationsky, Codeproof, MobileIron, and Snow Software among others.
Browse the full “Global Enterprise Mobility Management Market: By Components (Solutions, And Services), By Deployment Type (On-Premises, And Cloud), By Organization Size (Large Enterprises, And Small & Medium Enterprises), By Vertical (Retail & E-Commerce, Government, Banking, Financial & Insurance Services, Manufacturing, Logistics, And Other Verticals), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/enterprise-mobility-management-market
Global Enterprise Mobility Management Market: Regional Segment Analysis
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