Mobile Device Management: Securing Connectivity in the Modern World

"The Business Research Company recently released a comprehensive report on the Global Mobile Device Management 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 mobile device management market size has grown exponentially in recent years. It will grow from $8.88 billion in 2023 to $10.94 billion in 2024 at a compound annual growth rate (CAGR) of 23.3%. The growth in the historic period can be attributed to bring your own device (BYOD) trend, security and compliance requirements, enterprise mobility and productivity, remote workforce management, application management needs.

The mobile device management market size is expected to see exponential growth in the next few years. It will grow to $26.76 billion in 2028 at a compound annual growth rate (CAGR) of 25.0%. The growth in the forecast period can be attributed to increased complexity in device ecosystems, IoT device management demand, focus on user experience, strategic mobile policies, integration with endpoint security. Major trends in the forecast period include application security and containerization, artificial intelligence (AI) for threat detection, mobile threat defense (MTD), geofencing and location-based policies.

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Market Drivers and Trends:

The immense growth of the mobile workforce within enterprises is contributing to the growth of the mobile device management market. A mobile workforce refers to a group of employees that isn't bound by a central physical location. Companies are increasingly using mobile device management for monitoring and security of mobile devices, such as smartphones and tablets, in the workplace. The strong growth in the workforce and the need to secure connectivity among the workforce is expected to boost the mobile device management market. For instance, in April 2022, according to the survey conducted by the Australian Bureau of Statistics, an Australian-based self-governing legal organization tasked with acquiring and evaluating data and delivering fact-based recommendations to federal, state, and territorial governments, almost half of all Australian employees (46%) currently work from home to some extent. In addition, 34% of Australian firms use teleworking agreements for at least some of their personnel. Thus, the growth in mobile workforce within enterprise will boost mobile device management market.

Technological advancement is a key trend gaining popularity in the mobile device management market. The key players in the market are launching innovative products to provide an enhanced experience to their enterprise users. In June 2023, GoTo, a US-based company that offer software as a service, mobile device management, and cloud-based remote work tools, launched GoTo Resolve MDM. GoTo Resolve MDM offers IT professionals the ability to effortlessly secure, configure, and manage all company-owned and personal devices, including laptops, tablets, and smartphones, from one pane of glass. GoTo's dedication to becoming a one-stop shop for organizations' IT administration and support needs is strengthened by the addition of additional MDM features. The new GoTo Resolve MDM addresses the requirement for enterprises to secure the safety, conformity, and confidentiality of company data on several gadgets used by employees globally.

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Major Key Players of the Market:

Google LLC, Samsung Electronics Co Ltd., Microsoft Corporation, International Business Machines Corporation (IBM), Cisco Systems Inc., Broadcom Inc., SAP SE, VMware Inc., Citrix Systems Inc., Micro Focus International plc, Zoho Corporation Pvt Ltd., Quest Software Inc., Kaspersky Lab, BlackBerry Limited, Ivanti Inc., Jamf Software LLC, SOTI Inc., MobileIron Inc., Centrify Corporation, Sophos Group plc, 42Gears Mobility Systems Inc., Hexnode Technologies Limited, Kandji Inc., Baramundi Software AG, Mitsogo Inc., Matrix42 AG, Miradore Ltd., FiberLink Communications LLC, Codeproof Technologies Inc.

Mobile Device Management Market 2024 Key Insights:

• The mobile device management market size is expected to see exponential growth in the next few years. It will grow to $26.76 billion in 2028 at a compound annual growth rate (CAGR) of 25.0%.
• Mobile Workforce Expansion Fuels Growth In The Mobile Device Management Market
• Technological Advancements Drive Innovation In Mobile Device Management Market
• North America was the largest region in the mobile device management market in 2023

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This release was published on openPR.