"Smart Strategies, Giving Speed to your Growth Trajectory"
The global mobile device management market size was valued at USD 3.97 billion in 2021. The market is projected to grow from USD 4.75 billion in 2022 to USD 21.30 billion by 2029, exhibiting a CAGR of 23.9% during the forecast period. Based on our analysis, the global mobile device management market exhibited an average growth of 14.9% in 2020 as compared to 2019.
In the scope of the study, we have included the players in the market, such as ManageEngine, providing mobile device management solutions, including mobile application management, mobile security management, enterprise mobility management (EMM), and others. IBM Corporation provides Bring Your Own Device (BYOD) security, identity, access management, unified endpoint management solutions, and others.
The market is growing with the rising adoption of mobile-related software among various sectors such as BFSI and IT & telecommunication. This software includes security management, app management, and others. End-use organizations deploy this software to ensure that information is retrieved and stored safely.
Furthermore, to increase their profitability across different geographies, leading competitors utilize various methods such as product launches, mergers, and acquisitions. For instance,
Rising Demand for Mobile Device Management across Healthcare and Other Industries to Aid Growth
Market participants have found it difficult to respond due to the global impact of the COVID-19 pandemic and its economic ramifications. According to International Data Corporation (IDC), the global IT and business outsourcing services market dropped by 1.1% in 2020 and rose by slightly more than 1% in 2021.
The COVID-19 pandemic has prompted numerous companies to move their operations from the workplace to the home. For instance,
Working from home more frequently creates a risk of regulatory shortages and exposes sensitive data at risk. In multiple sectors, companies utilize MDM solutions to control security features to avoid trouble and embrace security-related approaches. This factor provides the market with immense potential. For instance,
Request a Free sample to learn more about this report.
Increased Adoption of Bring Your Own Device (BYOD) in Various Industries to Drive Market
The shift in focus of organizations from traditional work to the BYOD model is one of the growing trends. Companies are finding it more challenging to secure a corporate network as the number of individuals working from home increases. As a result, more companies are adopting the "bring your own device" strategy. Large companies in various industries, including government, healthcare, retail, and others are implementing BYOD in several business applications. Associations use this method to increase production efficiency while minimizing hardware maintenance and equipment acquisition expenses. Players focus on creative product debuts to grow their global geographic presence. For instance,
Rising Adoption of Mobility Culture among Organizations to Aid Market Growth
Personal equipment, which mainly offers more advanced capabilities than company-owned devices and allows work to be done at any time and from any location, is one of the key driving factors behind this culture. Several people's primary choice of workplace technology has changed to tablets and smartphones. While mobility is becoming increasingly prevalent in academic and corporate sectors, it also necessitates more robust data and content security to prevent the misuse of business-critical data. As a result, enterprises are forced to employ mobile security protocols such as mobile device management. IT experts can now manage Chromebooks, smartphones, tablets, and kiosks from a single interface. For instance,
High Implementation Cost of MDM Solution in SMEs and Security Issues to Restrict Market Growth
Due to high implementation costs of MDM systems, small and medium enterprises cannot provide an efficient MDM solution limiting the growth of the MDM market. Furthermore, MDM services come with a slew of charges, including integration, consulting, maintenance, installation, and updates, all limiting the market growth.
Cloud to Hold Major Market Share Owing to Increasing Adoption of Cloud-Based Solutions
Based on deployment, the market is divided into cloud and on-premise.
Due to smooth, scalable, and flexible features, the cloud will likely hold a significant market share during the forecast period. Cloud-based solutions provide IT workers with enhanced functionality such as remote management, enrollment, locking, and device safeguarding. Modern mobile devices operate on various operating systems, requiring new product performance regularly to keep them working smoothly. Furthermore, prominent market participants are collaborating and partnering with each other to develop innovative cloud-based solutions. For instance,
The on-premise segment is expected to grow considerably due to the rising demand for managed MDM systems.
Large Enterprise to Hold Major Market Share Owing to Rising Investments to Adopt MDM Solutions
Based on enterprise size, the market is divided into small and medium sized enterprise and large enterprises.
Large enterprises segment had the largest share in 2021. This is primarily due to leading players, such as VMware, Inc., Microsoft Corporation, and others, increasing their IT and cloud security solution investments and product launches worldwide. For instance,
Small and Medium Businesses (SMEs) are predicted to grow at the fastest rate during the forecast period as the number of startups in various countries, such as India, Japan, and France, has increased.
To know how our report can help streamline your business, Speak to Analyst
Rising Adoption of MDM Software across IT & Telecommunication Industry to Boost Market Progress
Based on end-user, the market is segmented into BFSI, IT & telecommunication, government, healthcare, retail, and others (transportation, education, and others.)
Among these, the healthcare segment holds the largest market shares, owing to high-value data and content that need security-related treatment. The healthcare industry frequently requires higher security needs than other enterprises for protecting information & sensitive documents. MDM utilizes automation solutions to help healthcare organizations comply with rules and improve operational efficiency. Additionally, the demand for secure & reliable MDM has grown as the number of in-home health aides and remote patient monitoring increases. MDM improves healthcare companies by securing their devices and data while complying with Health Insurance Portability and Accountability Act (HIPAA) and industry laws. MDM also makes it simpler to deploy devices and configure them following corporate requirements.
The retail industry is predicted to grow at the fastest rate during the forecast period. It is attributed to increased data-related privacy, security concerns, and launching various solutions and services by retail vendors. For instance, in December 2021, PMC announced a guide to in-store mobile device management. This factor will help retailers in customer data capturing and clientele.
The IT & telecommunication segment is expected to rise with a considerable CAGR during the forecast period among all the industries. A significant amount of data has been used in the IT & telecom sector for business process management, security management, application management, and confidentiality of data. Increasing concerns about data security and the need for MDM solutions in IT & telecom will surge the demand in the industry in the coming years.
North America Mobile Device Management Market Size, 2021 (USD billion)
To get more information on the regional analysis of this market, Request a Free sample
The market is divided into five major regions, North America, Asia Pacific, Europe, the Middle East & Africa, and South America.
During the forecast period, the North America market is expected to capture the most significant share of around 42.3% of the overall market. The region's growth is attributed to multinational companies that are actively upgrading their mobile IT infrastructure to address the demands of changing competitive environments and keep up with the significant regional variation in compliance rules. Even though the region is more mature, it will continue to grow as major enterprises expand their implementations and utilize customized application development tools and mobile collaboration software. Major regional companies are focusing on offering innovative management software services and increasing partnerships to increase their global footprint. For instance,
Asia Pacific is expected to grow at the fastest rate during the projection period. Rising urbanization and surging demand for managing an expanding number of mobile devices are some of the areas that are likely to offer opportunities to MDM providers. Economies, such as India and China, are expected to surge the demand for MDM in this region, thereby leading to the mobile device management market growth in APAC.
The market in Europe shows considerable growth in adoption practices and rising awareness of data security concerns. Germany, Spain, and the U.K. have MDM solutions' most significant adoption rates. Companies are rapidly adopting mobility solutions to minimize hardware costs and increase productivity, which dominate the market of this region. For instance,
To know how our report can help streamline your business, Speak to Analyst
The Middle East & Africa and South America are expected to grow rapidly. The rise of government projects, cloud and Big Data adoption, and the advent of technological innovation have contributed to the market growth.
Market Leaders such as Soti Inc. Focus on Expanding their Product Offerings
Key players in the global market, such as Soti, Inc., focus on developing and offering MDM-related products and services worldwide. The company provides extensive professional, enterprise content management, application, and location services.
An Infographic Representation of Mobile Device Management Market
To get information on various segments, share your queries with us
The research report offers qualitative and quantitative insights on the product and a detailed analysis of market size & growth rate for all possible segments in the market. The report also elaborates on key market dynamics, emerging trends, and the competitive landscape.
Values (USD Billion)
By Deployment, Enterprise Size, End-user, and Region
By Deployment Type
By Enterprise Size
(Deployment, Enterprise Size, End-user, and Region)
Fortune Business Insights says the market value stood at USD 3.97 billion in 2021.
By 2029, the market size is expected to reach USD 21.30 billion
The market is expected to grow at a CAGR of 23.9% during the forecast period (2022-2029).
Asia Pacific is anticipated to grow with the highest CAGR.
Retail end-user segment is expected to lead the market during the forecast period.
IBM Corporation and VMWare, Inc. are the top companies in the market.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry