The enterprise mobility market was valued at US$21.029 billion in 2020 and is expected to grow at a CAGR of 25.21% over the forecast period to reach a total market size of US$101.459 billion by 2027.
Enterprise Mobility refers to a group of people, processes, and technology that focus on managing mobile devices, mobile computing solutions, and other business-related topics. A comprehensive enterprise mobility management (EMM) solution includes capabilities necessary for mobile deployments, such as application and content-level management, on a single unified platform. As more businesses implement flexible policies, they are turning to EMM to avoid the risks of enabling personal devices to access company data.
The increase in data and mobile devices in organizations, as well as the increase in cloud and mobile applications in various industries, are all contributing significantly to the growth of the global enterprise mobility market. Furthermore, the rise of the BYOD trend in businesses has a favorable influence on market growth. On the other hand, high High implementation costs and a lack of knowledge in undeveloped countries, are likely to hinder industry expansion. On the contrary, a spike in business adoption of cloud-based technologies is expected to have a significant influence on the growth of the enterprise mobility market.
Increased corporate emphasis and the presence of key players in this region are anticipated to hold a significant market share, with increased corporate emphasis serving as the primary factors driving regional growth. Furthermore, this region has a significant vendor presence such as IBM Corporation, Microsoft Corporation, Citrix Systems Inc., and AirWatch (VMware Inc.), which supports the market’s growth. Due to fierce competition in the North American region, these companies are aiming for higher revenues and business expansions. Organizations in North America put a priority on innovation in order to keep up with recent technological developments. In this region, verticals such as BFSI, retail, healthcare, and life sciences use EMM solutions for a variety of reasons, including better management of day-to-day transactions in the BFSI vertical, improved supply chain management processes, and improved ability of healthcare machines to track patient health.
According to ISACA, cyberattacks are the fastest growing crime in the United States, causing catastrophic industrial interruptions. Cybercrime damage is estimated to exceed $6 trillion globally by 2021. In October 2020, India's National Cyber Security Coordinator reported that losses caused by cybercrime in 2019 to the country were nearly $17 billion. As more mobile devices are deployed in the office, phishing attempts targeting those devices become more prevalent, necessitating staff training on basic mobile security practices. To ensure the efficacy of security, skilled cybersecurity specialists who can cooperate with developers are necessary. Thus, the increasingly mobile workforce and the adoption of BYOD programs within the company to improve workforce efficiency, allowing employees to work from anywhere, at any time, and using any device to access company data without the risk of a security breach, has boosted the market growth.
There is a lack of customization capabilities when it comes to EMM software vendors. Many businesses claim that EMM systems are incapable of addressing flexibility and agility issues with multi-user connections. Business organizations have different security needs when it comes to mobile devices that connect to their corporate networks. Integrating EMM into an organization's existing security, management, and workflow controls and workflows is also difficult for vendors. IT administrators may improve both security and productivity by employing a competent EMM solution, which allows them to operate and monitor systems from a single place. Each company has a unique set of business needs, so it is difficult to gain an accurate understanding of what they require. In order to maintain an optimized user experience, EMM solutions should be implemented based on the requirements of each company.
Impact of COVID-19 on the Enterprise Mobility Market:
Following the widespread transmission of COVID-19, employers are obligated to offer remote access options so that their employees can work outside the company's infrastructure. Offering employees, the option of working remotely is a prudent measure to prevent viruses from spreading throughout the workplace. During this pandemic crisis, several businesses have implemented a BYOD scheme that allows workers to use their own devices for office work. Through remote work, organizations ensure employees can access company resources while working remotely and have the tools to stay productive. The factors above lead to large enterprises deploying EMM solutions. Additionally, these solutions can manage corporate devices as well as enable BYOD. To combat the spread of COVID-19, countries have developed unique mobile solutions that rely on secure systems. Tarassud Plus, a powerful and secure mobile application launched by Oman, uses artificial intelligence and enhanced features to help find COVID-19 statistics, guidelines, and best practices to aid in the prevention of the disease's spread.
|Market size value in 2020||US$21.029 billion|
|Market size value in 2027||US$101.459 billion|
|Growth Rate||CAGR of 25.21% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Solution, End-User, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||IBM Corp, USCAN Enterprise Inc., Zebra Technologies, GE Digital, Motorola Mobility LLC, Microsoft, Brainvire Infotech Inc., Oracle, Optiscan Group, Sigmax|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the enterprise mobility market?
A1. The enterprise mobility market is expected to grow at a CAGR of 25.21% during the forecast period.
Q2. What will be the enterprise mobility market size by 2027?
A2. The global enterprise mobility market is expected to reach a market size of US$101.459 billion by 2027.
Q3. What is the size of the global enterprise mobility market?
A3. Enterprise Mobility Market was valued at US$21.029 billion in 2020.
Q4. Which region holds the maximum market share in the enterprise mobility market?
A4. North America is anticipated to hold a significant share in the enterprise mobility market owing to with increased corporate emphasis and the presence of key players in this region.
Q5. What factors are anticipated to drive the enterprise mobility market growth?
A5. The increase in data and mobile devices in organizations, as well as the increase in cloud and mobile applications in various industries, are all contributing significantly to the growth of the global enterprise mobility market.
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