VMware and Microsoft among market leaders in mobile device management

The adoption of cloud-based technology is driving the use of mobile device management solutions.

Mobile device management presents a great opportunity for the chain as the global market is expected to almost quadruple by 2026, topping $ 20 billion.

This is according to a new MarketsandMarkets report, which expects a compound annual growth rate (CAGR) of nearly 30%. The mobile device management market totaled $ 5.5 billion in 2021.

The main players are VMware, Microsoft, IBM, Blackberry, Citrix, Google, Cisco, Samsung, SolarWinds, SAP, Ivanti, Sophos, Qualys and more. These players have adopted several organic and inorganic growth strategies to expand their offerings and market share. These strategies include new product launches, partnerships and collaborations, as well as acquisitions.

Increased use of mobile devices

Mobile device management solutions enable IT teams and administrators to control and distribute security policies to mobile devices accessing sensitive corporate data in their organizations. This ensures the security of the corporate network.

With more and more employees using one or all of these devices, organizations of all shapes and sizes are now turning to mobile device management for improved data and internet security, and improving employee productivity.

The use of mobile devices is increasing in most industries to improve employee productivity. In addition, companies are relying on new mobile technologies to gain a competitive advantage in the market. This, in turn, has led more and more organizations to implement mobile security procedures. These include mobile device management, mobile app management, and mobile content management. This allows IT admins to manage smartphones, tablets, Chromebooks, and kiosk devices from a central location.

However, the introduction of more devices and terminals in the company increases the means the Pirates can potentially operate these terminals and devices. Even organizations with strict security and compliance guidelines for all sensitive data often lack the same strict security measures for mobile devices. Integrating all mobile devices under one mobile device management software umbrella would help the business close vulnerable gaps.

The adoption of cloud-based technology is boosting the use of mobile device management solutions, according to MarketsandMarkets. Companies are increasingly turning to cloud services, such as PaaS, IaaS, SaaS and BaaS to meet their business needs.

Market challenges

Among the challenges, vendors who offer solutions are unable to tailor them to specific business requirements. Every business has different security needs for the mobile devices that access the corporate network.

Additionally, vendors face several challenges when integrating mobile device management into an organization’s existing security and management controls and workflows. However, the right solution can improve both security and efficiency, allowing an IT administrator to control and monitor systems from a single point of access.

By market component, services are expected to register a higher growth rate through 2026. Services play an important role in the management of mobile devices in an enterprise environment. Professional services have been classified into three types. These are consulting services, implementation services and support services.

By region, APAC is expected to grow at the highest CAGR until 2026. This is due to steady economic growth, increasing young workforce and increasing use of tablets and smartphones for commercial purposes.

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