Enterprise Mobility Market to Reach USD 151.51 Billion at 29.3% CAGR, Top impacting factors that could escalate markets growth by 2027.

Surge in data & mobile devices in organizations and increase in cloud & mobile application in various industries drive the growth of the global enterprise mobility market. On the other hand, high implementation cost and lack of awareness in developing nations impede the growth to some extent. Nevertheless, rise in adoption of cloud-based technology among enterprises is expected to create lucrative opportunities for the key players in the industry.

The global enterprise mobility market was valued at $19.65 billion in 2019, and is projected to reach $151.51 billion by 2027, growing at a CAGR of 29.3% from 2020 to 2027

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Covid-19 scenario:

➢ The outbreak of the pandemic increased the drift of remote working system across the globe. This, in turn, has accelerated the demand for enterprise mobility solutions among the organizations.

➢ The cloud-based solution has become highly effective in the work-from-home culture, as it helps manage the employees' data and perk up productivity to a considerable extent.

Enterprise mobility solution helps organizations to proficiently collect and manage organizations' critical data through multiple data touchpoints and mobile devices of employees. In addition, rise in usage of mobile devices and mobile application in various organizations to increase customer satisfaction and resolve customer issues faster boosts the market growth. Furthermore, surge in data & mobile devices in organizations and increase in cloud & mobile application in various industries significantly boost the growth of the global enterprise mobility market.

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In addition, the surge in BYOD trend in organizations positively impacts the growth of the market. However, high implementation cost and lack of awareness in developing nations are expected to hamper the market growth. On the contrary, surge in adoption of cloud-based technology among enterprises is projected to have a definite impact on the growth of the enterprise mobility market.

Based on component, the solution segment accounted for nearly three-fourths of the global enterprise mobility market share in 2019, and is projected to rule the roost by 2027. Rise in need to ensure the security of the IT infrastructure of organizations propel the segment growth. At the same time, the service segment would exhibit the fastest CAGR of 32.6% throughout the forecast period, due to growing adoption of services among end users, as they ensure effective functioning of enterprise mobility solution.

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Based on geography, North America garnered the major share in 2019, holding more than one-third of the global enterprise mobility market, owing to the growing penetration of smartphones for business activities in Canada. Asia-Pacific, on the other hand, would showcase the fastest CAGR of 30.9% from 2020 to 2027, due to the fact that the key players have established an inviolable market in countries such as India and China.

Based on deployment, the on-premise segment contributed to nearly three-fifths of the global enterprise mobility market revenue in 2019, and is expected to lead the trail from 2020 to 2027, due to its security features and high data transfer speed. Simultaneously, the cloud segment would register the fastest CAGR of 30.8% during the forecast period. Rise in adoption of cloud services across various industry verticals fuels the segment growth.

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Key players in the industry:

➢ Blackberry Limited
➢ Citrix Systems, Inc.
➢ VMware, Inc.
➢ IBM Corporation
➢ Infosys, Ltd.
➢ Microsoft Corporation
➢ Amtel, Inc.
➢ SAP SE
➢ Sophos Ltd.
➢ Soti, Inc.

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