MDM market to reach $15.9bn by 2028
FMI says mobile device management segment will grow by 22.9% over next ten years
The global market for mobile device management will grow by CAGR 22.9% over the next ten years, to reach $15.9bn by 2028, according to Future Market Insights (FMI).
North America, SEA & others of APAC and China are expected to account for an approximate market share of 50% by the end of the forecast period.
Large enterprises will have the largest market share, while education will have the highest growth rate by vertical sector.
FMI's ‘Mobile Device Management Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028' report also notes that cloud-based MDM is expected to register the highest growth in the global mobile device management market.
In the coming years, small and medium enterprises are expected to be the top adopters of mobile device management solutions. Mobile device management helps enterprises improve their business functionality and security of data by minimising operating costs and improving productivity. Investments in mobile device management are witnessing significant growth. These factors are expected to boost the mobile device management market across the globe. Furthermore, mobile device management has also been adopted by various governments for securing the data from online predators and other external & internal threats.
On the basis of FMI analysis, mobile device management is adopted by several organisations in the recent years and many more organisations are expected to adopt this technology in the near future. One of the major factors driving the global mobile device management market is the digital transformation that is gaining traction in manufacturing, retail, IT, education and wholesale industries.
According to FMI analysis, the launch of advanced intelligent mobile device management by mobile device management providers as well as strategic collaborations, acquisitions and mergers will help increase the overall corporate revenue in the global mobile device management market. Examples of some of the market participants in the global mobile device management market report are VMware, Inc.; Blackberry; Microsoft Corporation; MobileIron Inc.; Citrix Systems, Inc.; SAP SE; IBM; SOTI Inc.; JAMF and Cisco.