According to the latest report by IMARC Group, titled "Mobile Device Management (MDM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global mobile device management market reached a value of US$ 6.6 Billion in 2021. Mobile device management (MDM) refers to security software that assists administrators in implementing policies that monitor, secure, and manage mobile devices in an organization. It is a part of enterprise mobility management (EMM) that allows users to access company data, official documents, and applications on personal devices, such as smartphones, laptops, and tablets. MDM automatically detects new devices connected to the corporate network and enables them to send over-the-air commands. It also performs various functions, including data segregation, securing corporate documents, and monitoring and tracking the equipment.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Mobile Device Management Market:
The emerging trend of bring your own device (BYOD) and increasing security concerns to protect corporate data are majorly driving the global MDM market growth. In line with this, the outbreak of coronavirus disease (COVID-19) has led firms to adopt the work-from-home (WFH) model, which is enabling employees to use their personal devices to ensure business continuity, which has amplified the risk of data breaches. As a result, organizations across the globe are increasingly employing efficient MDM solutions. Additionally, the widespread deployment of cloud-based services that offer improved access to digital resources and assists information technology (IT) teams in managing and syncing multi-OS platforms through a single console is further propelling the market growth. Moreover, the integration of artificial intelligence (AI) with MDM and extensive research and development (R&D) activities in the IT field are creating a positive outlook for the market. Looking forward, the market is expected to grow at a CAGR of 27.6% during 2022-2027.
- Based on the type, the market has been bifurcated into solutions and services.
- On the basis of the deployment type, the market has been divided into on-premises and cloud-based.
- Based on the organization size, the market has been segmented into large and small- and medium-sized enterprises.
- On the basis of the vertical, the market has been classified into BFSI, manufacturing, healthcare, communication, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has also been examined, with some of the key players being AirWatch (VMware), Blackberry, Cisco Systems Inc., Citrix Systems Inc., IBM Corporation, Microsoft Corporation, Mobile Iron Inc., SAP SE, Sophos Ltd., SOTI Inc., etc.
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