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Mobile Device Management Software Market is slated to grow rapidly in the coming years with top market players – SAP SE, MobileIron, Microsoft, Citrix, IBM.

04-05-2019 04:33 PM CET | IT, New Media & Software

Press release from: Worldwide Market Reports

Mobile Device Management Software Market

Mobile Device Management Software Market

The rising demand for smartphones, and growing safety concerns regarding protection of corporate data are increasing the need for mobile device management (MDM) solutions. The purpose is to manage and streamline different platforms through a single device. This significant factor is propelling the MDM market to grow and reach approximately USD 6.96 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 25.84% during 2018-2023.

Solution segment insights:
State-of-the-art telecom infrastructure is driving the MDM market growth, globally. Device management held the largest market share in 2018 (41%), among other variants such as application management, network service management and security management solutions. However, the security management solutions market is estimated to expand at a CAGR of 29.8% during 2018 to 2023, owing to the growing concerns regarding data breaches, and protection from malware, virus and data theft.

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Deployment segment insights:
Substantial growth in cloud-based deployment by small and medium-sized enterprises (SMEs) is estimated to drive the market. Integration of MDM in unified endpoint management (UEM) is another critical factor expected to accelerate market growth. Cloud computing holds upto 56% of the market share in the on-premise, cloud and hybrid segments. On-premise deployment, on the other hand, is experiencing a declining growth after the massive adoption of cloud computing in most organizations. Hybrid deployment is still at its nascent stage in many countries, as the concept is still unfamiliar to organizations.

Industry vertical segment insights:
Mobile device management impacts multiple sectors such as banking, financial services and insurance (BFSI), telecom, retail, healthcare, education, transportation, and government initiatives. Among these, the healthcare sector dominated the market with a revenue of USD 0.63 Bn and a 29% market share, in 2018. Hospitals are installing MDM solutions for security purposes. Monitoring patients and checking their electronic medical records have increased among doctors, nurses and support staff. Banks and financial institutions are offering mobile apps and chatbots to assist customers and provide product information. The BFSI segment holds about an 18% market share, followed by telecom and retail.

Regional insights:
North America is leading the innovation in the MDM market, and occupied approximately 35% of the global market in 2018. Advancement in technologies such as cloud computing, edge computing, and the Internet of Things (IoT), along with a state-of-the-art telecom infrastructure are expected to propel market growth in the region to 2.35 Bn by 2023. Asia-Pacific is one of the fastest developing regions, and is anticipated to expand at the highest CAGR of 29.8% during the forecast period. Latin America, and the Middle East and Africa markets, though still at nascent stages, will also experience high growth.

Examples of some of the market participants in the global mobile device management market report are: SAP SE, MobileIron, Microsoft, Citrix, IBM, ManageEngine (Zoho Corp.), Sophos, Vmware, SOTI, Symantec.

Segmentation by Major Types: Cloud Based, On-Premise.

Segmentation by Major end-user applications: Large Enterprises, SMEs.

With this Mobile Device Management Software market report, all the participants and the vendors will be in aware of the growth factors, shortcomings, threats, and the lucrative opportunities that the market will offer in the near future. The report also features the revenue; industry size, share, production volume, and consumption in order to gain insights about the politics and tussle of gaining control of a huge chunk of the market share.

At last, the global Mobile Device Management Software Market offers an overall research conclusion and a market feasibility of investing in new projects is evaluated. Global Mobile Device Management Software Market is a valuable source of guidance and way for individuals and companies interested in the sales of the market.

Table of Contents
Chapter 1. Executive summary
Chapter 2: Global market overview
Chapter 3: North America mobile device management market
Chapter 4: Europe mobile device management market
Chapter 5: Asia-Pacific mobile device management market
Chapter 6: Latin America mobile device management market
Chapter 7: The Middle East and Africa mobile device management market
Chapter 8: Competitive landscape
8.1. SAP SE
8.1.a. Company snapshot
8.1.b. Product and services
8.1.c. Key people
8.1.d. Geographical presence
8.1.e. Collaborations/partnerships
8.1.f. Awards
8.1.g. Others
8.1.h. New product launches
Note: Similar information areas will be captured for all the market players mentioned below
Chapter 9: Conclusion
9.1. Future outlook

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About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

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