Mobile Device Management Market expected to surpass $20.4 billion by 2026

According to new market research  “Mobile Device Management
Market by Component (Solutions (Device
management, Application Management, Security management) and Services),
Deployment Mode, Organization Size, Operating system Vertical and Region –
Global Forecast to 2026″ published by MarketsandMarkets, the global Mobile
device management Market size to grow from USD 5.5 billion in 2021 to USD 20.4
billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.8% during the
forecast period. The presence of various key players in the ecosystem has led
to competitive and diverse market.

Mobile device management
solutions allow IT teams and admins to control and distribute security policies
to mobile devices accessing sensitive corporate data in their organizations,
ensuring the corporate network is secure. With more employees using one or all
of these devices, organizations across all shapes and size are now turning to
mobile device management for enhanced data and network security and improved
employee productivity. MDM solutions enable IT admins to configure
enterprise-grade security policies on mobile devices, making them corporate ready.

Browse  in-depth               TOC on “Mobile Device
Management Market”       
361-Tables
55-Figures
327- Pages

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The services to record a higher growth
rate during the forecast period

In the Mobile Device Management Market by
component, the services is expected to record a higher growth rate during the
forecast period. Services play an important role in managing mobile devices
within an enterprise environment. A majority of MDM vendors offer support
services to enterprises for driving more business revenue. They offer two major
types of services: professional services and managed services. Professional
services have been further categorized into three types: consulting services,
implementation services, and support services. The services market holds a substantial
share of the total Mobile Device Management Market and is expected to grow at a
high rate.

Large Enterprises are expected to hold a
larger market share during the forecast period

By Organization size, large enterprises are
expected to hold the largest market size Large enterprises hold a larger market
size in the present market, as the segment has already shown major adoption and
implementation of mobile device management services. The use of Smartphone’s
and tablets to access business applications has become a common practice in
large enterprises. The growth of the large enterprises segment in the MDM
market can be attributed to the increasing adoption of mobile devices among
businesses and the importance of mobile applications as an effective medium of
connecting organizations, their customers, and their employees.

Cloud Deployment is expected to have a higher
growth rate during the forecast period

By Deployment Mode, cloud is expected to have
a higher growth rate. Benefits include flexibility, scalability, affordability,
operational efficiency, and low costs. This is due to the associated
functionalities and core features. The additional benefits of cloud-based
solutions include effectiveness while being used by various users, reduced
upfront costs, easy rolling out of new projects, zero hardware investments, low
maintenance costs, and minimized infrastructure.

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iOS is expected to have a higher growth rate
during the forecast period

By Operating system, iOS is expected to have
a higher growth rate. iOS is Apple’s proprietary OS and is specifically
designed to function on Apple devices. The company offers iOS in several
devices, such as the iPhone, which is the company’s flagship product. iOS
contributes a significant share to the overall mobile OS segment. Apple
provides several in-built security functions and software updates to offer
maximum security for its mobile devices. These devices include boot and runtime
protections for maintaining the integrity of devices during the ongoing mobile
operations. The iOS security model only allows the installation of applications
that have been signed by Apple.

North America to hold the largest market size
during the forecast period

North America is expected to hold the largest
market size in the global Mobile Device Management Market during the forecast
period. with large-scale implementations of mobile device management solutions
by enterprises over the last few years. This region has been extremely
responsive toward adopting the latest technological advancements, including
mobile devices, cloud computing, and IoT, within enterprises. The US is the
major contributor across North America, as continuous innovation as well as the
introduction of new technologies are the key factors driving the growth of the
US market.

The key and emerging market players in the Mobile
Device Management Market include VMware (US), Microsoft (US), IBM (US),
Blackberry (Canada), Citrix (US), Google (US), Cisco (US), Samsung (South
Korea), Micro Focus (UK), ZOHO (India), SolarWinds (US), SAP (Germany), Quest
Software (US), Ivanti (US), Sophos (US), SOTI (Canada), Jamf (US), Qualys (US),
Snow Software (Sweden), Matrix 42 (Germany), Rippling (US), 42Gears (US),
ProMobi (India), Baramundi (Germany), Mitsogo Inc (US), Codeproof technologies
(US), AppTec (Switzerland), Addigy (US), Kandji (US). These players have
adopted several organic and inorganic growth strategies, including new product
launches, partnerships and collaborations, and acquisitions, to expand their
offerings and market shares in the global Mobile Device Management Market.

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Source: https://www.marketsandmarkets.com/PressReleases/mobile-device-management.asp
Report: https://www.marketsandmarkets.com/Market-Reports/mobile-device-management-market-105562389.html