Mobile device management (MDM) is software that allows IT administrators to control, secure, and enforce policies on smartphones, tablets, and other endpoints. The single greatest benefit of mobile device management is the improved security it provides throughout the enterprise. With an MDM solution, security can be deployed to every single device within the enterprise network, and protocols can be established to direct actions in the wake of a suspected security threat.

As per Zion Market Research study, the MobiIe Device Management industry amassed revenue worth about US$ 4.5 billion in 2021 and is slated to garner returns of approx. US$ 18.3 billion by 2028, is predicted to record the highest gains of nearly 25.1% over the period from 2022 to 2028.

In addition to this, the surge in the size of the mobiIe device management market in the next six years is subject to the escalating popularity of information systems owing to its ability to enforce strong corporate data security. The rapid use of smartphones for accessing confidential information will create a humungous demand for mobiIe device management solutions in the years ahead. The presence of key participants in the ecosystem has led to high competitiveness, thereby paving the way for the lucrative growth of the mobiIe device management industry. With employees using one or multiple pieces of equipment, small & large firms have increased their inclination towards mobile device management activities for improving data & network security as well as enhancing employee efficiency. This is likely to spur the business landscape.

Mobile Device Management Market: Overview

MobiIe device management services have become necessary as it ensure the storage security of data stored in smartphones. With rising cyber-security concerns and the large-scale installation of mobile device management tools, the market is set to register incredible growth in the foreseeable future. Furthermore, firms have experienced a swift increment in the acceptance of mobile equipment to access sensitive information. Shifting the trend from corporate data to cloud-based infrastructure will steer the expansion of the mobile device management industry.

Industry Dynamics:

Mobile Device Management Market: Growth Dynamics

The growth of mobiIe device management industry over the forecasting timespan is owing to rise in data leakage threats from smartphones and iphones. In addition to this, surging bring-your-own device (BYOD) coupled with surging safety concerns of protecting company data will prompt growth in size of mobiIe device management market. Furthermore, the swiftly expanding fleet of smartphones has enhanced the popularity of mobiIe device management business. Equipment without mobile device management protection is prone to get affected due to malware as well as other virus attacks and this can pose a huge data leak risk, thereby driving market trends.

With onset of new networking technologies such as 5G resulting in massive use of smart equipment, IoT, AI, VR, and AR, the market for mobiIe device management is anticipated to gain traction in years to come. In addition to this, the outbreak of COVID-19 has led firms to adopt a work-from-home policy which has resulted in employees working from remote locations, thereby posing a threat of data security lapses as well as risk of data theft. This, in turn, will generate huge growth opportunities for mobile device management market.

Network Service Management Segment To Lead Solutions Landscape Over 2022-2028

Growth of network service management segment over ensuing years is subject to large number of vendors offering network service management solutions for firms. Apart from this, technological breakthroughs and massive use of smart mobile equipment will contribute significantly towards segmental surge over forecasting years.

Asia Pacific Mobile Device Management Market To Register Highest Growth Rate Over 2022-2028

Expansion of mobile device management industry in Asia Pacific sub-continent over ensuing years is subject to rise in young staff along with use of tablets and smartphones for business purpose. In addition to this, rise in use of BYOD equipment will offer new growth avenues for mobile device management market in Asia Pacific zone. Apart from this, rapid expansion of IT industry in Asia Pacific zone is expected to proliferate growth of mobiIe device management market in APAC in years ahead.

List of Key Players of  Mobile Device Management Market:

Key Industry Insights & Finding of the Mobile Device Management Market Reports:

• As per the analysis shared by our research analyst, the MobiIe Device Management Market is expected to grow annually at a CAGR of around 25.1% (2022-2028).
• Through the primary research, it was established that the MobiIe Device Management Market was valued approximately USD 4.5 billion in 2021 and is projected to reach to roughly USD 18.3 billion by 2028.
• Asia Pacific zone is expected to proliferate growth of mobiIe device management market in APAC in years ahead.

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