Report Ocean introduces a fresh report examining the ‘Mobile Device Management Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Mobile device management (MDM) is a security software used by an information technology (IT) department to monitor, manage and secure employees’ mobile devices that are deployed across multiple mobile service providers and across multiple mobile operating systems being used in the organization.
The Gartner research firm defines mobile device management as “a range of products and services that enables organizations to deploy and support corporate applications to mobile devices, such as smartphones and tablets, possibly for personal use enforcing policies and maintaining the desired level of IT control across multiple platforms.”
The MDM market is expected to grow at a compound annual growth rate (CAGR) of around 23% (2018-2023) which will lead to a global revenue of USD 7.96 Billion by the year 2023 from 2.83 Billion in 2018.
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Some of the benefits of MDM:-
- It is easier to update software in mobile devices.
- The administrator can manage and monitor the devices without being on the location.
- MDM provides the facility to backup and restore data.
- In case the device is lost or stolen, the facility is there to lock and disconnect the data from a distance to avoid unauthorized access.
Key growth factors
The rapid increase in smartphone penetration along with rising concerns regarding security of corporate data are the major drivers for the global mobile device management market. The bring your own device (BYOD) trend which allows employees bring their own device, can be considered as another prominent driver for the modern global mobile device management market. Moreover, increase in young work force population is another reason which is increasing the need for mobile device management solutions. As MDM vendors improve their security and adaptability features and spread them to other electronic devices such as laptops and smart watches, demand for advanced mobile device management solutions is projected to continue rising throughout the forecast period.
Threats and key players
Incorporating business applications on devices for providing ease of access to employees pose serious challenges to the corporation if the device is compromised. The devices may be exposed to third-party applications as well as malware and virus threats. Leakage of corporate data on mobile devices has grown and poses a bigger challenge than malware. Organizations need a cost-effective strategy for MDM to ensure data security while at the same time providing a convenient end-user experience. Threat can enable MDM system to act wrongly in case of natural disasters like flood and earthquake.
The key players operating in this market are Sika AG (Switzerland), The Dow Chemical Company (U.S.), Bayer (Germany), Henkel (Germany), BASF (Germany), 3M Company (U.S.), Ashland Specialty Chemical Company (U.S.), H.B. Fuller Company(U.S.), Hindustan Adhesives Limited (India), ExxonMobil Chemical Company (U.S), Dynea International Oy (Finland) , Forbo Adhesives Switzerland (Switzerland), Hexion Specialty Chemicals (U.S.) and Covalence Adhesives (U.S.), etc.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
Some Questions Answered in the Mobile Device Management Market Report:
- What is the projected size of the Mobile Device Management market in 2032, and what growth rate is expected?
- What are the primary drivers of growth in the Mobile Device Management industry?
- What are the major market trends that are affecting the expansion of the Mobile Device Management market?
- What obstacles must be overcome in order to achieve sustained growth in the Mobile Device Management market?
- What opportunities and threats do vendors in the Mobile Device Management market face?
- What are the raw materials and manufacturing equipment used in the production of Mobile Device Management, and what is the manufacturing process?
- What are the different types and applications of Mobile Device Management, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Mobile Device Management market?
- What factors are driving the growth of the Mobile Device Management market in the top regions worldwide?
- Who are the major players in the Mobile Device Management market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Mobile Device Management market?
- What are the main findings of a five forces analysis of the Mobile Device Management market?
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