DALLAS, April 9, 2015 /PRNewswire/ --
According to a new market research report "Managed Mobility Services Market by Solution (Sourcing & Logistics Management, Mobile Service Management, Security & Content Management, Device & Systems Management, Application & Collaboration Management, Program & Financial Management) - Global Forecast to 2019", published by MarketsandMarkets, Managed Mobility Service (MMS) Market to grow from $2.92 Billion in 2014 to $11.05 Billion by 2019, at a Compound Annual Growth Rate (CAGR) of 30.5%.
Browse 66 market data Tables and 58 Figures spread through 166 Pages and in-depth TOC on "Managed Mobility Services Market"
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Managed Mobility Service (MMS) Market is at its growing stage and is expected to rise considerably due to the enhancement and innovation of technology in this sector. Today, with the high adoption of advanced technologies in the organizations, need of MMS has been encouraged among various enterprises and SMBs. Moreover, demand of BYOD is increasing among workforce to access business information through personal devices, which has influenced organizations to adopt MMS for management of enterprise mobility. There has been rise in the demand of solutions that are can be optimized on real-time basis, so that needed information can be accessed and completed without any delay.
Organizations are demanding managed solutions so as to allow workers to configure business information their personal devices which they can access from anywhere. However, the adoption of BYOD trend among organizations has raised the issue of privacy and security of personal information. Many companies are not supporting BYOD as it increases the risk of information leakage through personal devices. Hence, companies are demanding those solutions which can help them to manage BYOD programs without increasing operational cost. With the up surging demand of managed services MMS providers are developing managed mobility solutions and providing them to companies through third party. The idea of outsourcing MMS has increased the adoption of managed solutions among SMBs as it does not requires expansion of IT staff and it can be implemented without increasing operational cost. Moreover, the proliferation of cloud as a cost-effective deployment model has also encouraged solution providers to offer MMS solutions to enterprise as well as to SMBs.
The MMS vendors are offering their product and services to various industry verticals such as manufacturing, healthcare, retail, IT and telecom, logistics and transportation, BFSI, and public sector among others. The MMS market is consolidated with big players such as Deutsche Telekom, HP, Orange Business Services, Vodafone, Accenture, IBM Corporation, AT&T. Telefonica, Fujitsu, and Wipro. Increasing usage of open source platform is the major restraint for the growth of MMS market due to which companies are moving away from MMS provider. Companies preferably use open source platform solutions instead of MMS solutions due to lack of cost visibility.
The MMS allows its users to make better use of worker's efficiency and improve productivity of its organization products. Moreover, MMS solution and services provide users mobile service management, device and system management, and sourcing and logistics management.
MarketsandMarkets broadly segments the Managed Mobility Service Market by regions as North America (NA), Asia-Pacific (APAC), Europe , Middle East & Africa (MEA) and Latin America (LA); by solutions as sourcing and logistics management, security and content management, mobile service management, device and system management, application and collaboration management, and program and financial management; by user type as SMB's and enterprise; by industry verticals as manufacturing, healthcare, retail, logistics and transportation, IT and telecom, BFSI, public sector and others.
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MarketsandMarkets forecasts the Managed Mobility Service (MMS) Market to grow from $2.92 billion in 2014 to $11.05 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 30.5%. North America is expected to be the largest market in terms of market size, while Europe and Asia-Pacific are expected to experience an increase in market traction during the forecasted period.
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