PUNE, India, November 3, 2016 /PRNewswire/ --
According to a new market research report "Mobile Device Management Market by Solution (Device Management, Application Management, Security Management, and Network Service Management), Service, Deployment Type, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the MDM market size is expected to grow from USD 1.69 Billion in 2016 to USD 5.32 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.8% during the forecast period.
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Browse 87 market data Tables and 52 Figures spread through 151 Pages and in-depth TOC on "Mobile Device Management Market"
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The major drivers of this market include increasing smartphone and tablet penetration and strong adoption of BYOD policies, growing security concerns to protect corporate data, and MDM capabilities to manage and synchronize different platform (Windows, Mac, iOS and Android) devices through a single console.
Application management is expected to be the most promising solution during the forecast period
The Mobile Device Management Market has been segmented into solutions, services, deployment types, and verticals. The application management is projected to grow at the highest CAGR during the forecast period. Application management is considerably important due to growing number of mobile apps, and this solution provides granular controls to the administrators in an organization which ultimately helps them in managing and securing the app data.
Managed services is expected to hold the major market share during the forecast period
Managed services segment commands the major share of the MDM services. These are services that are being offered by a third party to help any organization choose the best MDM solution and help it in deploying the same. These services are quite popular among the smaller organizations which do not have the expertise to effectively manage enterprise mobility. Thus, in order to maintain the desired level of safety and protection, they outsource it to the third parties who have expertise in such services.
North America contributes the maximum market share in the MDM market
North America is expected to hold the largest market share and dominate the Mobile Device Management Market in 2016, due to the increased mobile workforce, increased smartphones penetration, BYOD trend, and higher cloud-based deployment of MDM solutions due to the availability of cloud data centers in the region. APAC is estimated to grow at the highest rate during the forecast period as the organizations in this region are looking to adopt enterprise mobility solutions to meet the demands of the dynamic mobile workforce. Better economic growth, usage of mobile devices by a high percentage of young population, demand for cloud-based solutions by SMEs, use of local brands of tablets and smartphones for business purposes, and the growing BYOD trend are other factors responsible for the rapid growth of MDM market in this region.
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The major vendors covered in the Mobile Device Management Market for the study are VMware AirWatch, MobileIron, BlackBerry Ltd., IBM Corporation, Citrix systems, SOTI, Inc., Sophos, NetPlus Amtel, SAP, Symantec Corporation, and Microsoft Corporation.
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