VMware, Microsoft, IBM Among Mobile Device Management Market Leaders
Mobile device management presents a huge opportunity for the channel as the global market is expected to nearly quadruple by 2026, exceeding $20 billion.
This is according to a new MarketsandMarkets report, which expects a compound annual growth rate (CAGR) of around 30%. The mobile device management market was estimated to total $5.5 billion in 2021.
Major players include 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. Those strategies include new product launches, partnerships and collaborations and acquisitions.
Increase mobile device use
Mobile device management solutions allow IT teams and administrators to control and distribute security policies across mobile devices accessing sensitive corporate data in their organizations. This ensures that the corporate network is secure.
With more employees using one or all of these devices, organizations of all shapes and sizes are now turning to mobile device management for better data and network security, and improved employee productivity.
The use of mobile devices is increasing in most industries to improve employee productivity. In addition, businesses are relying on new mobile technologies to gain a competitive advantage in the market. This, in turn, prompts more organizations to implement mobile security procedures. These include mobile device management, mobile application management, and mobile content management. It allows IT administrators to manage smartphones, tablets, Chromebooks and kiosk devices from a central location.
Introducing more devices and endpoints into the business, however, increases the ways hackers can potentially exploit those endpoints and devices. Even organizations with strict security and compliance guidelines for all sensitive data often lack the same stringent security measures for mobile devices. Integrating all mobile devices under one mobile device management software umbrella will help the business to close the vulnerable gap.
According to MarketsandMarkets, the adoption of cloud-based technology is driving the use of mobile device management solutions. Enterprises are increasingly moving towards cloud services such as PaaS, IaaS, SaaS and BaaS to meet their business needs.
Market challenges
Amidst the challenges, vendors providing solutions are unable to customize them according to specific business needs. Every business has different security requirements for mobile devices accessing corporate networks.
In addition, vendors face a number of challenges when integrating mobile device management into an organization's existing security and management controls and workflows. However, the right solution can increase both security and efficiency, allowing an IT administrator to control and monitor systems from a single access point.
As per the market component, services should register high growth rate till 2026. Services play an important role in managing mobile devices in an enterprise environment. Professional services are further classified into three types. They are consulting services, implementation services and support services.
Sector wise, APAC is expected to grow at the highest CAGR till 2026. This is due to continued economic growth, an increase in the young workforce, and the increasing use of tablets and smartphones for business purposes.
