Mobile Device Management Market Trend, Share, Growth, Size, and Forecast 2028

Mobile Device Management Market: Industry Perspective

The global Mobile Device Management market size was worth around USD 4.5 billion in 2021 and is predicted to grow to around USD 18.3 billion by 2028 with a compound annual growth rate (CAGR) of roughly 25.1% between 2022 and 2028.

The report analyzes the drivers of the global mobile device management market, restraints/challenges, and their effects on the demands during the projection period. In addition, the report explores emerging opportunities in the Mobile Device Management industry.

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Mobile Device Management Market: Overview

Mobile device management services have become necessary as they ensure the storage security of data stored in smartphones. With rising cyber-security concerns and large-scale installation of mobile device management tools, the market is set to register incredible growth in the foreseeable future.

Furthermore, firms have experienced swift increments in acceptance of mobile equipment to access sensitive information. Shifting the trend from corporate data to cloud-based infrastructure will steer the expansion of the mobile device management industry.

Mobile Device Management Market: Growth Drivers

The growth of the mobile device management industry over the forecasting timespan is owing to a rise in data leakage threats from smartphones and iPhones. In addition to this, surging bring your own device (BYOD) coupled with surging safety concerns of protecting company data will prompt growth in size of the mobile device management market. Furthermore, the swiftly expanding fleet of smartphones has enhanced the popularity of the mobile device management business. Equipment without mobile device management protection is prone to get affected due to malware as well as other virus attacks and this can pose a huge data leak risk, thereby driving market trends.

With onset of new networking technologies such as 5G resulting in massive use of smart equipment, IoT, AI, VR, and AR, the market for mobile device management is anticipated to gain traction in years to come. In addition to this, outbreak of COVID-19 has led firms adopt a work-from-home policy and this has resulted into employee working from remote location, thereby posing a threat of data security lapses as well as risk of data theft. This, in turn, will generate huge growth opportunities for mobile device management market.

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Mobile Device Management Market: Segmentation

The global mobile device management market is segmented by solution, application, and region.

Based on the solution, the mobile device management market has been segmented into device management, application management, security management, network service management, and others. The mobile device management market was dominated by the application management segment. Further, it is expected to continue its dominance in the global market over the forecast period as well as be the fastest-growing solution in this market. Security management, device management and network service management segments are expected to exhibit considerable growth in the next few years.

By application, the mobile device management market can be segmented based on vertical into education, healthcare, banking, financial services, and insurance (BFSI), retail, manufacturing, and others. This market was dominated by banking, financial services, and insurance segments in 2015. Furthermore, education is expected to be the fastest-growing vertical in this market.

Mobile Device Management Market: Report Scope

Mobile Device Management Market: Regional Analysis

North America To Lead Mobile Device Management Market Over 2022-2028

The growth of the mobile device management industry in North America in forecasting timespan is subject to surging demand for new technologies across myriad end-use industries in region. In addition to this, the rise in usage of iPhones & smartphones and technological innovations will steer the expansion of mobile device management industry in North America over forthcoming years.

Surge in installation of 5G solutions and need for security in enterprises will embellish expansion of regional market in years ahead. Many of firms in Canada and the U.S. are setting up enterprise mobility solutions that assist in effective managing of dynamic workforce, thereby protecting content from data breaches as well as cyber-attacks, data loss, & security threats. This will boost regional market proliferation.

Mobile Device Management Market: Competitive  Landscape

Key players favorably influencing the growth of the mobile device management market and profiled in the study are;

• BlackBerry Ltd.
• IBM Corporation
• Sophos Group plc
• Citrix Systems, Inc.
• VMware AirWatch
• SOTI, Inc.
• MobileIron, Inc.
• NetPlus Broadband
• Amtel, Inc.
• SAP SE
• Symantec Corporation
• Microsoft Corporation.

The global Mobile Device Management Market is segmented as follows:

By Solutions

• Device Management
• Deployment Management
• Security Management
• Network Service Management

By Application

• Education
• Healthcare
• Banking, Financial Services, And Insurance (BFSI)
• Retail
• Manufacturing

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa