Mobile Device Management (MDM) is an administration solution for mobile devices such as smartphones, computers, laptops, and tablets. It is implemented by third-party products, which enable the management of particular mobile devices and developed by the companies. MDM is highly in demand due to the increasing adoption of mobile devices in various healthcare, education, and IT & telecommunication sectors. High-end security and data confidentiality features bolster the service demand. According to Fortune Business Insights™, the mobile device management market size was valued at USD 3.10 billion in 2020 and is anticipated to grow from USD 3.88 billion in 2021 to USD 17.64 billion by 2028 at a CAGR of 24.1% during the 2021-2028 period. As remote working culture is appreciated and adopted by various industries, bring your own device concept is surging the demand for MDM. Prominent market players focus on developing efficient and appropriate solutions to meet global demand. These factors are expected to ensure the mobile device management market growth in the coming years.
Remote Working Culture Supports MDM Market Growth During COVID-19 Pandemic
The IT & telecommunication industry is focused on adopting remote working culture to avoid workflow disruptions. Also, the healthcare sector virtualized its operations to maintain social distancing norms and restrict the virus spread. MDM solutions were highly in demand by these industries as they allowed maintaining data security and preventing threats of misinterpreting the information. According to the CyberEdge “COVID-19 Impact Report 2020”, 52% of the companies invested in MDM products due to remote working to ensure data security and integrity. This will ensure the expansion of the global mobile device management market share.
Top Companies in the Market Listed By Fortune Business Insights™:
Microsoft is an American MNC known globally for its computer software and related services. It offers Microsoft Intune, which delivers mobile device management and mobile application management solutions. This solution comprises Azure, Microsoft 365, and integrates Azure Active Directory. The solution is compatible with various platforms such as iOS, macOS, Android, and Windows.
IBM is a leading tech company with a diverse portfolio serving in various verticals such as cloud computing, Internet of Things (IoT), cybersecurity, artificial intelligence, and digital workplace. IBM’s MDM solutions include sufficient visibility and management, enabling security to apps, content, data, and documents.
Google is the U.S.-based MNC that provides internet-related services and products globally. The Google Workspace endpoint management solution ensures data security and confidentiality to provide data security on personal devices used by the employees. This automatically configures the Wi-Fi and email credentials through over-the-air medium. The users can implement passcodes and wipe particular accounts without installing the software on their devices.
Cisco is based in the U.S. and develops and commercializes hardware, software, communication devices, and other products. It offers Meraki cloud-based MDM that monitors and secures all endpoint devices in an organization. The solution can provide real-time visibility on data security, device health, and hardware & software inventory.
SAP SE is a Germany-based MNC that develops enterprise software to manage customer relations and business operations in an effective manner. It offers cloud-based and on-premise MDM solutions that allow enterprises to secure the data stored on mobile devices.
VMware is the U.S.-based cloud computing and virtual technology company that focuses on digitalizing organizational operations and activities. VMware Workspace ONE employs cloud-based Unified Endpoint Management (UEM) and delivers workforces improved self-service experience at a remote location and with platform independence.
Citrix Systems is an American multinational software company that offers Software-as-a-Service (SaaS), server, application & desktop virtualization, and cloud computing. Citrix Endpoint Management solutions offer cost-effective, comprehensive mobile device, and content & app management solutions for Android devices.
Kaspersky Lab is a leading company in anti-virus solutions and cybersecurity based in Russia and functioned in the U.K. Kaspersky Security Center permits management of mobile devices by the mobile device management feature for competent management of mobile devices. Kaspersky Security offers multilayered protection, covering anti-theft, application and device controls, anti-malware web, and anti-spam features. It fortifies tablets and phones against cyberattacks and offers strong safety to or critical business processes or sensitive business data.
MobileIron is the U.S.-based multinational company that offers enterprise mobility and unified endpoint management for mobile devices. Its mobile device management solutions offer enterprises improved IT controls and visibility required to secure, monitor, and manage any corporate or employee-owned mobile device with access to sensitive business data.
Is Digitalization & Virtualization Attributable Toward Market Growth?
While the mobility environment is becoming more prevailing in corporate and academic segments, it also requires enhanced content and data security to prevent the misuse and misinterpretation of business-critical data. Thus, enterprises are compelled to implement mobile security protocols such as MDM. IT professionals can now manage smartphones, Chromebooks, tablets, and kiosk devices from a single platform. Adopting these solutions is time-saving, reduces efforts, and maintains a secured platform for employees to work efficiently, ensuring the development of the mobile device management market.