Mobile Device Management Market worth USD 5.15 billion and CAGR 25% by 2021,Globally

Zion Research has published a new report titled “Mobile Device Management Market by Solutions (Device Management, Deployment Management, Security Management, Network Service Management, and Others), for Education, Healthcare, Banking, Financial Services, and Insurance (BFSI), Retail, Manufacturing and Other Verticals - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015–2021”. According to the report, global demand for mobile device management market was valued at around USD 1.35 billion in 2015 and is expected to generate revenue of USD 5.15 billion by end of 2021, growing at a CAGR of slightly above 25% between 2016 and 2021.

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Mobile device management is widely used in education, healthcare, banking, financial services & insurance, retail, and manufacturing sector. Mobile devices are valuable enterprise tools allowing immediate access to internal content and resources. MDM solutions manage data security, network connectivity, device capabilities, and other various features of mobile devices. Furthermore, its solutions protect and secure mobile devices like smartphones and tablets.

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Different types of the solution involved in the mobile device management include device management, application management, security management, network service management and others. Among all segments, application management segment was the largest solution segment of mobile device management market in 2015. Furthermore, it is also expected to be one of the fastest growing segments of mobile device management market owing to the solution requirements and need to control the access to the mobile applications in an organization on company-provided and BYOD devices.

Mobile device management market is dominated by banking, financial services, and insurance segment in 2015. Education segment is also expected to be one of the fastest growing vertical of mobile device management market as large the number of students and faculties bring mobile devices to educational institutions. Healthcare, retail, manufacturing and other verticals are considered to have moderate growth of mobile device management market in coming years.

North America was the leading market for mobile device management in 2015. Asia-Pacific is expected to emerge as a fastest growing segment in next few years due to the high percentage of the young population and increasing use of local brands of tablets & smartphones for business purposes. Moreover, the market growth in the region is mainly attributed by developing technologies for mobile device management especially in emerging economies such as China, India, and Japan. Europe is expected to exhibit considerable growth in the next few years.

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Global mobile device management market is expected to witness a significant growth over the forecast period owing to a rapid surge in the banking, financial services, and insurance sector. Increasing the demand for smartphones and tablets are expected to drive the market for mobile device management. Furthermore growing security concerns to protect company data and mobile device population explosion are also anticipated to drive the mobile device management market. Nonetheless, ongoing research & development in the field of mobile device management is likely to generate new growth avenues for the market growth in the next few years.

Some of the key players in the global mobile device management market include IBM Corporation, Citrix systems, VMware AirWatch, MobileIron, NetPlus Amtel, SAP, Symantec Corporation, BlackBerry Ltd., SOTI, Inc., Sophos, and Microsoft Corporation.

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