Enterprise Mobility Market Thriving with a 29.3% CAGR, Projected to Reach $151.51 Billion by 2027 | AMR

The global enterprise mobility industry was estimated at $19.65 billion in 2019, and is anticipated to hit $151.51 billion by 2027, registering a CAGR of 29.3% from 2020 to 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.

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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. In addition, 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.

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.

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The mobile device management solution segment is expected to experience significant growth in the coming years, owing to increase in adoption of mobile devices in organizations and rise in need to manage these devices of employees.

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.

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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.

These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Furthermore, they have adopted various strategies to increase their market penetration and strengthen their foothold in the industry.

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