August 27, 2020
According to the research report titled ‘Enterprise Mobility Management Market Size, By Component, By Device, By Deployment Model, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global enterprise mobility management market is expected to register appreciable growth during 2020-2026.
Proliferation of smartphones & tablets has impelled the adoption rates of enterprise mobility management systems, which in turn is a major factor driving the market growth. An enterprise mobility management solution is a combination of policies, software, processes, and tools that enable businesses to grant employees access to corporate data through mobile devices.
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The technology helps in improving the productivity of employees since the data and applications are readily available. Enterprise mobility management solutions also enable organizations in adapting bring your own device (BYOD) environments in order to manage various devices efficiently.
As per component type, the mobile application management software segment is anticipated to witness a y-o-y growth rate of 15% between 2020 and 2026, primarily due to rising adoption of mobile applications. These tools focus on installed apps instead of the whole device. Mobile application management takes care of updates, configuration, installation, and uninstallation of applications on smartphones. Apart from this, rising adoption of BYOD practice is fueling the segmental share.
On the other hand, mobile content management software segment is expected to grow with a CAGR of 10% through 2026, primarily driven by rising concerns over data security. Mobile content management tools help in authenticating corporate data through authorized applications and devices.
Further elaborating on the component type, professional services segment accounted for 60% market share in the year 2019, primarily due to focus towards adopting in-house management of workforce operating remotely.
Based on application spectrum, the BFSI sector is estimated to hold 10% share in enterprise mobility management market by the year 2026, owing to increased pervasiveness of cyberattacks in banking institutions.
Regionally, Latin America market is slated to experience a 16% CAGR during 2020-2026. Increasing utilization of smartphones is augmenting the regional demand for enterprise mobility management solutions, which in turn is favoring the market outlook in Latin America.
VMware Inc., Oracle Corporation, MobileIron Inc., Microsoft Corporation, Infosys Ltd., IBM Corporation, Hewlett Packard Enterprise Company, Honeywell International Inc., HCL Technologies Ltd., Google LLC, Citrix Systems Inc., Cisco Systems Inc., Capgemini SE, BlackBerry Ltd., AT&T Inc., Apperian Inc., and Accenture Plc are the major contenders in worldwide enterprise mobility management market.