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Enterprise Mobility Management Market Technological Advancements, Evolving Industry Trends and Insights
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Besides, the increasing adoption of the bring-your-own-device (BYOD) policy by enterprises is also fueling the expansion of the enterprise mobility management market, owing to which, the revenue of the market surged to $16 billion in 2020. Additionally, the market is expected to progress rapidly during 2021–2030. The BYOD policy allows employees to bring their own systems and devices, such as laptops, tablets, and smartphones, to the workplace and incorporate enterprise mobility applications in them so that they can easily access data.
The mushrooming use of smartphones, on account of their low costs, is fueling the popularity of the BYOD policy across the world. Depending on component, the market is divided into services and solutions. Between these, the solutions category contributed higher revenue to the market in 2020, and it is predicted to demonstrate rapid advancement in the forthcoming years. This is attributed to the fact that a diverse range of EMM solutions, such as identity & access management (IAM) and mobile device management (MDM), are being provided to small & medium enterprises (SMEs) and large organizations.
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Geographically, North America dominated the EMM market in 2020. This was because of the existence of several market players, such as Microsoft Corporation and International Business Machines (IBM) Corporation, and the soaring incorporation of EMM services and solutions in the healthcare, retail, and various other industries in the region. Additionally, the U.S. is home to a booming technology industry, which is also boosting the demand for EMM solutions in the region.
Hence, the demand for EMM solutions and services will surge sharply in the coming years, mainly because of the growing penetration of the internet and smartphones and the rising adoption of the BYOD policy by businesses all over the world.
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