The mobile device management market has witnessed exponential growth, escalating from $8.88 billion in 2023 to $10.94 billion in 2024, reflecting a substantial CAGR of 23.3%. The growth during the historical period is attributed to the "bring your own device" (BYOD) trend, security and compliance requirements, enterprise mobility and productivity, remote workforce management, and application management needs. Prospects for the market's future indicate exponential growth, reaching $26.76 billion in 2028 at a CAGR of 25.0%. The forecasted growth is fueled by increased complexity in device ecosystems, demand for IoT device management, focus on user experience, strategic mobile policies, and integration with endpoint security. Key trends in the forecast period include application security and containerization, artificial intelligence (AI) for threat detection, mobile threat defense (MTD), and geofencing and location-based policies.
Major Driver In The Mobile Device Management Market
The exponential growth of the mobile workforce within enterprises is contributing to the expansion of the mobile device management market. A mobile workforce comprises employees who operate outside a central physical location, necessitating robust management and security measures for their mobile devices, including smartphones and tablets. The proliferation of teleworking arrangements and remote work setups, as evidenced by the Australian Bureau of Statistics' survey findings in April 2022, wherein 46% of Australian employees engaged in some form of remote work, underscores the growing need for mobile device management solutions. Consequently, the burgeoning mobile workforce within enterprises is expected to fuel the growth of the mobile device management market. In 2023, the market witnessed notable expansion, with anticipated growth continuing in 2024 and 2028.
Request A Free Sample Of The Global Mobile Device Management Market Report
Mobile Device Management Market Competitive Landscape
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.
Key Mobile Device Management Market Trend
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.
Get The Full Global Mobile Device Management Market Report
Mobile Device Management Market Segmentation
The mobile device management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Operating System: iOS, Android, Windows, MacOS, Other Operating systems (Linux)
3) By Deployment Mode: On-Premises, Cloud
4) By Organization Size: Small and Medium Enterprises, Large Enterprises
5) By Vertical: Banking, Financial Services and Insurance, Telecom, Retail, Healthcare, Education, Transport and Logistics, Government and Public Sector, Manufacturing and Automotive, and Other Verticals
By Geography:The regions covered in the mobile device management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the mobile device management market in 2023.
The Mobile Device Management Global Market Report 2024 furnishes information about the global mobile device management market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
