Managed Mobility Services Global Market Report 2024 To 2033 | AT&T Corporation, Fujitsu Inc., IBM Corporation, Wipro Limited, Orange Business Services SA, Kyndryl Inc., Telefónica SA, Samsung Electronics Co. Ltd

The Business Research Company recently released a comprehensive report on the Global Managed Mobility Services Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The managed mobility services market size has grown exponentially in recent years. It will grow from $24.94 billion in 2023 to $31.79 billion in 2024 at a compound annual growth rate (CAGR) of 27.5%. The growth in the historic period can be attributed to proliferation of mobile devices in the workplace, increased focus on employee productivity and mobility, growth of bring your own device (byod) policies, need for cost optimization and efficiency in device management, rising complexity of mobile technologies and applications.

The managed mobility services market size is expected to see exponential growth in the next few years. It will grow to $90.03 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to increasing demand for mobile application management solutions, growing need for mobile device security solutions, increasing adoption of iot and connected devices, growing demand for managed mobility services in emerging economies, emphasis on remote work and flexible working arrangements. Major trends in the forecast period include integration of artificial intelligence in mobility management, increasing adoption of cloud-based solutions for managed mobility services, increasing focus on providing customized solutions to meet the specific needs of clients, focus on sustainability and environmental impact in mobility services.

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Market Drivers and Trends:

Outsourcing non-core business activities is driving the growth of the managed mobility services market. Outsourcing is a business process in which companies hire parties outside the firm to carry out a service or create goods which were traditionally performed in-house with the help company's staff and employees. Non-core business activities such as managed mobility services, staff augmentation, and others are considered to be peripheral or incidental activities, and core items are considered central to the company's operations. Both larger and small companies outsource non-core business activities to increase in-house efficiencies, cut costs, focus on core competencies, and others. According to a recent survey published in Magellan Solutions, more than 85% of American companies outsource non-core business activities to Indian companies. Thus, an increase in outsourcing of non-core business activities is expected to boost the managed mobility market during the forecast period.

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

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Major Key Players of the Market:

AT&T Corporation, Fujitsu Inc., IBM Corporation, Wipro Limited, Orange Business Services SA, Kyndryl Inc., Telefónica SA, Samsung Electronics Co. Ltd., Hewlett Packard Enterprise Company, Vodafone Group plc, Microsoft Corporation, Tech Mahindra Limited, Deutsche Telekom AG, Accenture* plc, Maxis Communications, Digital Management Inc., DXC Technology Company, Unisys Corporation, Verizon Communications Inc., Mobile Solutions Services Inc., Stratix Corporation, Vision Wireless LLC, HCL Technologies Limited, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, Tata Consultancy Services Limited, NTT Data Corporation, Dimension Data Holdings plc, Octal Software LLP

Managed Mobility Services Market 2024 Key Insights:

• The managed mobility services market size is expected to see exponential growth in the next few years. It will grow to $90.03 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%.
• Outsourcing Non-Core Business Activities Is Driving The Growth Of The Managed Mobility Services Market
• Technological Advancement Driving Growth In Managed Mobility Services Market
• North America was the largest region in the managed mobility services market in 2023

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