Enterprise Mobility Market Growing at a CAGR of 29.3% Reach USD $151.51 Billion by 2027

According to the report, 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.

Enterprise mobility is a rising trend, enabling remote work to enhance business operations. It boosts employee productivity, reduces costs, and strengthens data security against ransomware by controlling access to sensitive information.

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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.

Covid-19 scenario

1. 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 organizations.

2. 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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Based on components, the solution segment accounted for nearly three-fourths of the global enterprise mobility market share in 2019, and is projected to rule the roost by 2027. Rise in need to ensure the security of the IT infrastructure of organizations propel the segment growth. At the same time, the service segment would exhibit the fastest CAGR of 32.6% throughout the forecast period, due to growing adoption of services among end users, as they ensure effective functioning of enterprise mobility solution.

Based on deployment, the on-premise segment contributed to nearly three-fifths of the global enterprise mobility market revenue in 2019, and is expected to lead the trail from 2020 to 2027, due to its security features and high data transfer speed. Simultaneously, the cloud segment would register the fastest CAGR of 30.8% during the forecast period. Rise in adoption of cloud services across various industry verticals fuels the segment growth.

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Region-wise, the enterprise mobility market was dominated by North America in 2019, and is expected to retain its position during the forecast period. This is attributed to increase in focus of corporations toward enterprise mobility and presence of major vendors across the region. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to growing adoption of BYOD culture and rise in need to protect company's critical data from various cyber-attacks.

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.

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