June 15, 2020
According to a recent study titled ‘Enterprise Mobility Management Market Size, By Component, By Deployment Model, By Application, 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 record a healthy growth rate through 2026.
Rising penetration of smartphones and tablets across various industry verticals is the primary growth driver of global enterprise mobility management market. Enterprise mobility management (EMM) is a suite of software, policies, tools, and processes that enable organizations to provide a secured access to corporate data and applications to employees using personal mobile devices.
EMM solutions allow IT department to authorize data and applications to employees who need to perform work related responsibilities on their mobile devices, thereby improving productivity. Moreover, EMM software aids enterprises with BYOD (bring your own device) settings to efficiently manage a variety of devices on their network.
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Based on component terrain, software segment is further split into mobile content management, mobile security management, mobile application management, and mobile device management. Mobile application management (MAM) segment is projected to expand at 15% CAGR during the forecast period, attributable to increasing usage of mobile applications and widespread adoption of BYOD policies among organizations. Mobile application management software includes installation, configuration, update, and uninstallation of application on mobile phones.
Parallelly, mobile content management segment is slated to register a CAGR of over 10% during the analysis period, due to growing concerns regarding data security. These tools confirm the retrieval of corporate data through authorized devices and applications.
The report cites that professional services component segment garnered over 60% market share in 2019, due to increased focus on in-house management of remote workforce.
Speaking of the application spectrum, BFSI segment is predicted to accrue 10% share in enterprise mobility management market by the end of the forecast duration, on account of escalating number of cyberattacks on private as well as government banking & financial institutions across the globe.
Considering the geographical landscape, Latin America market is projected to register 16% CAGR through 2026, owing to increasing adoption of smartphones in the region.
Prominent players in enterprise mobility management industry include Apperian, Inc., Accenture Plc, AT&T, Inc., Capgemini SE, BlackBerry Ltd., Cisco Systems, Inc., Google LLC, Citrix Systems, Inc., HCL Technologies Ltd., Hewlett Packard Enterprise Company (HPE), Honeywell International, Inc., IBM Corp., Microsoft Corp., Infosys Ltd., MobileIron, Inc., and VMware, Inc.