Enterprise Mobility Management Market Growth Analysis with Investment Opportunities For 2024-2033
The Business Research Company’s Enterprise Mobility Management Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, November 4, 2024 /EINPresswire.com/ -- The enterprise mobility management market has experienced significant growth in recent years. It is projected to increase from $19.61 billion in 2023 to $24.61 billion in 2024, reflecting a compound annual growth rate (CAGR) of 25.5%. Factors driving this growth include the widespread adoption of mobile devices in workplaces, the rise of bring your own device (BYOD) policies, heightened security concerns and data protection needs, a growing mobile workforce, and an increased demand for application management and collaboration tools.
What Is The Estimated Market Size Of The Global Enterprise Mobility Management Market And Its Annual Growth Rate?
The enterprise mobility management market is anticipated to experience substantial growth in the coming years. It is projected to reach $59.8 billion by 2028, with a compound annual growth rate (CAGR) of 24.9%. This growth is driven by several factors, including the rising demand for 5G networks and services, the increasing adoption of IoT devices and services, a growing need for edge computing and distributed cloud services, heightened demand for low-latency and high-bandwidth applications, and the rising need for wireless backhaul solutions in rural areas.
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Growth Driver Of The Enterprise Mobility Management Market
The growing mobile workforce and the implementation of BYOD (Bring Your Own Device) programs in enterprises are anticipated to drive the growth of the enterprise mobility management market in the future. BYOD refers to policies that permit employees to use their personal devices to access business applications and data instead of relying solely on company-provided devices. While the widespread adoption of BYOD initiatives empowers employees to use their own equipment and software, it also raises concerns about corporate data confidentiality and security.
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Which Market Players Are Steering The Enterprise Mobility Management Market Growth?
Key players in the market include International Business Machines Corporation, Microsoft Corporation, BlackBerry Limited, VMware Inc., Cisco Systems Inc., MobileIron Inc., Citrix Systems Inc., SAP SE, SOTI Inc., Sophos Group plc, Ivanti International Holding Limited, Samsung Electronics Co. Ltd., Google LLC, Apple Inc., Broadcom Inc., Palo Alto Networks Inc., Check Point Software Technologies Ltd., Mobile Solutions Services Inc., Kaspersky International Holding Limited, Wandera Limited, Apperian Inc., Zimperium Inc., Lookout Inc., ManageEngine, 42Gears Mobility Systems Private Limited, Absolute Software Corporation, Mitsogo Inc., Baramundi Software AG.
What Are The Key Trends That Influence Enterprise Mobility Management Market Size?
Key players in the enterprise mobility management market are introducing innovative certified solutions like Zero Touch Mobility (ZTM) to meet the demand for streamlined mobile lifecycle management. Zero Touch Mobility (ZTM) is a specialized application that has received certification from ServiceNow, enhancing its credibility and effectiveness in managing mobile devices seamlessly.
How Is The Global Enterprise Mobility Management Market Segmented?
1) By Component: Solutions, Services
2) By Organization Size: Large Enterprises, Small And Medium Sized Enterprises
3) By Deployment Modes: Cloud, On-Premises
4) By Verticals: Banking, Financial Services And Insurance (BFSI), Retail And eCommerce, Healthcare And Life Sciences, Information Technology (IT) And Telecom, Manufacturing, Government, Transportation And Logistics, Travel And Hospitality, Other Verticals
Geographical Insights: North America Leading The Enterprise Mobility Management Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the report during the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Enterprise Mobility Management Market Definition
Enterprise mobility management (EMM) encompasses a set of technologies, processes, and policies designed to safeguard mobile devices utilized by corporate employees. EMM is continuously evolving to adapt to the dynamic landscape of device platforms and workplace mobility trends. It plays a crucial role in securing and managing both corporate-owned and employee-owned mobile devices within an organization.
Enterprise Mobility Management Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global enterprise mobility management market report covering trends, opportunities, strategies, and more
The Enterprise Mobility Management Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on enterprise mobility management market size, enterprise mobility management market drivers and trends and enterprise mobility management market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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