Between the years of 2022 and 2028, the global Mobile Device Management Market is expected to grow at a compound annual growth rate (CAGR) of roughly 25 percent, from revenues of about 4.5 billion dollars in 2021 to 18.3 billion dollars in 2028.
Remote administration of devices that allow a user to carry out certain tasks on a tablet or phone is known as mobile device management. These functions, it supports enrollment, device provisioning and location monitoring. Plus, in the event that a mobile device is misplaced or stolen, the data on it may be securely erased. MDM tools can maintain inventory, enforce security standards, and provide real-time reporting and monitoring capabilities.
Overview of each of the major segments
Component, deployment model, enterprise size, industry vertical and region are some of the segments of the mobile device management market share. For each component, the solution and services are subdivided. On terms of deployment, there are two options: on-premises and in the cloud. Small and medium-sized businesses (SMEs) and large corporations (LGTCs) are separated based on their size. BFSI, healthcare, government & public sector, IT & telecom, retail, education, and others are all industry verticals in the market. North America, Europe, Asia-Pacific, and Latin America and the Middle East (LAMEA) are all considered, along with some of the region’s most important countries.
Analysis of Competitors
Citrix Systems Inc., Microsoft Corporation, Blackberry Ltd., IBM Corporation, Samsung Electronics, Cisco System Inc., Vmware Inc., SAP SE, Quest Software, Sophos Ltd. are some of the major participants in the mobile device management business. In order to get a stronger foothold in the market, these major firms have implemented a variety of methods, such as diversifying their product lines, merging with other companies, forming alliances, and expanding into new regions.
An study of the COVID-19 impact
The worldwide economy has been affected by COVID-19. In addition to the energy and oil and gas industries mentioned above, it has had a substantial influence on transportation and logistics, manufacturing, and aviation. The loss of trillions of dollars is expected to cause the world economy to plunge into recession. Economic activity is decreasing, which will have an effect on the global economy as more countries impose and prolong lockdowns. In order to share and receive real-time information on COVID-19, everyone and every government, regardless of level, has been in continual communication.
The number of cases of COVID-19 has been rising steadily over the last several days, with numerous new infections reported. COVID-19 has a significant influence on huge corporations and small businesses alike. Lockdowns around the globe have shut down key businesses, including manufacturing, automotive, textile, transportation and logistics, tourism, hotel, and consumer products. In terms of GDP, this would have a significant influence on the world economy. Small and medium-sized businesses have long been the backbone of the economy. The COVID-19 epidemic has had the greatest impact on small and medium-sized businesses (SMEs).
Key Market Segments
By Deployment Model
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Industry vertical
- Government & Public Sector
- IT & Telecom
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
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