Mobile Device Management Market size was valued at USD 4.8 billion in 2022 and is poised to grow from USD 5.94 billion in 2023 to USD 32.79 billion by 2031, growing at a CAGR of 23.80% in the forecast period (2024-2031).
Mobile device management has made significant progress in recent years owing to the growth of mobility. Presently, most businesses need no desktops or laptops, but they just use their smartphones. Any desktop duties are usually called a secretary or an executive assistant. Mobile device management solutions have made remarkable advancements to offer tools and processes and mobile personnel to constantly stay secure and productive. Hence, growing security to guard the mounting quantities of business data is fueling the demand for mobile device management, thereby impacting market growth.
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Top Players Company Profiles
- Microsoft Corporation
- IBM Corporation
- VMware, Inc.
- Citrix Systems, Inc.
- BlackBerry Limited
- SAP SE
- MobileIron, Inc.
- Sophos Ltd.
- Cisco Systems, Inc.
- Ivanti, Inc.
- Jamf
- SOTI Inc.
- ManageEngine (Zoho Corporation)
- Quest Software Inc.
- 42Gears Mobility Systems Pvt Ltd.
- Mitsogo Inc.
- Scalefusion (Promobi Technologies)
- Hexnode Technologies Pvt Ltd.
- Miradore
- FileWave
With growing evolutions in cyber risks, the demand for strong security measures for mobile device management services becomes crucial. Currently, consumers can expect a notable inclination to enhanced security protocols equipped with MDM solutions. This comprises improved encryption and threat detection mechanisms in real-time. Several mobile device management providers are actively emphasizing proactive actions to guard confidential information and avoid illegal access. The incorporation of machine learning and artificial intelligence enables MDM platforms to respond in real-time to the growing trends, offering businesses more efficient, reliable, and robust protection against cyber threats.
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Segments covered
Component
Solution (Device management, Application Management, Security Management, Others), Services (Professional services {Consulting Services, Implementation Services, Support Services}, Managed services)
Operating System
iOS, Android, Windows, MacOS, Others
Deployment Mode
On-Premises, Cloud
Organisation Size
Small and Medium Enterprises, Large Enterprises
Vertical
Banking, Financial Services and Insurance (BFSI), Telecom, Retail, Healthcare, Education, Transport and Logistics, Government and Public Sector, Manufacturing and Automotive, Others
Focus on MDM Solutions’ Security Will Grow Non-Negotiable with Rising Cyber Risks
The intensifying maturity and frequency of cyberattacks, security is no longer just an add-on, but a primary and vital component of any mobile device management service. Mobile-first businesses are actively focusing on more efficient security actions to defend their corporate information and control and deal with the threats related to mobile devices. With more advances in technologies, consumers and businesses can expect stronger improvements regarding device and data security in 2025 and in the future as well. Adopting multi-factor authentication, strong encryption, and constant monitoring are the key features and elements of an exhaustive mobile device management security approach. Moreover, training end-consumers regarding security practices is important in encouraging cyber awareness in businesses.
In December 2023, SOTI and Honeywell to join hands to guard sensitive data and increase operational efficiency. The alliance between the two companies will enable organizations to exceed traditional hardware lifecycles by remote diagnosis, monitoring, and repairing.
In March 2024, IBM and Samsung SDS disclose Zero Touch Mobility, a dynamic approach to enterprise mobility management. This will help their consumers or businesses streamline the management of large-fleet devices and save time.
In May 2024, Microsoft (MS) Teams Android systems or devices will be shifting to Intune (AOSP) Android Open Source Project Device Management by 2024. Device management of AOSP will be the MDM solution for Teams devices in the coming years. This transformation will strengthen the reliability of the users.
In April 2024, Cisco Systems, an enterprise technology giant released a novel security architecture solution that aims at safeguarding data centers, the clouds, and several other associated IT surroundings using Artificial Intelligence.
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Embracing the Trends of MDM will Help Businesses Secure the Data and Stay Ahead in the Competition
By 2025, the IT teams and businesses should mandatorily accept and adopt the trends of mobile device management for better security of their corporate information and overall services. These trends should be adopted with a proactive and an established mind-set so that it will assure that businesses and consumers are thoroughly prepared to address the challenges and opportunities presented by the progressing mobility network. A rich-featured and strong MDM will enable businesses to stay in synchronization with the current and the upcoming trends.
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Website: https://www.skyquestt.com/report/mobile-device-management-market
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Mobile Device Management Market to Surpass Market Valuation of 32.79 Billion by 2031, Driven by Growth in Business Adoption of BYOD