Mobile Device Management Market Expected to See Striking Growth by 2027, due to the Increasing Manufacturing of New Mobile Phones

The global mobile device management market is anticipated to generate a revenue of $24,161.1 million and grow at a CAGR of 28.2% throughout the analysis period from 2019 to 2027.

The global mobile device management market is predicted to witness prominent growth during the forecast period, owing to the rise in the manufacturing of new mobile phones. The Asia-Pacific region is expected to have huge growth opportunities.

Dynamics of the Market

As per our analysts, with the growing implementation of mobile device management to increase device supportability, security, and cooperate functionality, the mobile device management market is predicted to experience progressive growth during the estimated period. Moreover, the increasing security concern to protect corporate data is expected to bolster the growth of the market over the analysis timeframe. However, the stringent government rules and regulations in terms of restricting data security may impede the growth of the market during the forecast period.

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The report has divided the mobile device management market into segments based on deployment type, organization size, industry vertical, and region.

By deployment type, the cloud sub-segment is predicted to rise at a CAGR of 29.9% throughout the forecast period. The increasing use of cloud deployment mode in mobile device management to enhance the efficiency of the company by allowing employees to work remotely is predicted to foster the growth of the market sub-segment during the analysis period.

By organization size, the small and medium are expected to grow at a CAGR of 29.7% over the forecast timeframe. The increasing adoption of mobile device management software across small and medium enterprises to secure mobile devices is predicted to increase the growth of the market sub-segment during the estimated period.

By industrial vertical, the retail sub-segment is projected to grow at a CAGR of 29.4% throughout the analysis period. The increasing demand for mobile device management software by retailers to secure and track data daily is expected to increase the growth of the market sub-segment during the forecast period.

By region, the Asia-Pacific region of mobile device management is projected to grow at a CAGR of 29.1% over the analysis timeframe. The shifting of many companies across this region due to the availability of skilled labor and lower investment cost in setting up businesses is predicted to drive the regional growth of the market during the estimated period.

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The major players of the mobile device management market include Samsung, Microsoft, Blackberry, Cisco System Inc., Citrix Systems Inc., Google, VMware Inc., SAP SE, Quest Software, IBM, and many more. These players are widely working on the development of new business strategies such as product development, partnerships, collaborations, mergers, and acquisitions to attain a leading position in the global industry.

Further, the report also summarizes other vital aspects including SWOT analysis, the financial performance of the key players, product portfolio, and the latest strategic development.

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