Enterprise Mobility Management Industry | Forecast 2030
The global enterprise mobility management market size was evaluated at USD 12.01 billion in 2022 and is expected to grow at a CAGR of 24.4% from 2023 to 2030. Enterprise mobility management (EMM) products are witnessing growing demand across the globe owing to a significant increase in mobile devices, and shifting various end-user companies’ focus on protecting their digital infrastructure is propelling market growth. Further, advancements in cloud-based EMM solutions are creating a positive outlook for the market. The rising adoption of Bring Your Own Device (BYOD) policies and the rising mobile workforce by various enterprises to enhance employees’ productivity are expected to drive market growth in the forecast period.
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Moreover, enterprise mobility management enables businesses to enhance their workplace efficiency and productivity, control operational costs, and reduce device downtime. The solution benefits the IT administration to remotely distribute applications across end-users, making the data accessible to them easily. In addition to the benefits, the solution offers advanced privacy capabilities, including remote data encryption and wiping to secure business information.
The growing focus of governments across countries, such as the UK, India, Canada, Brazil, and Saudi Arabia, to apply stringent regulations and laws on safeguarding personal and private information is further anticipated to boost the enterprise mobility management market growth. The aim to fund multiple research projects supporting cybersecurity product development to enhance digital infrastructure data security is fueling the demand in the market.
Mobile Device Management Market Growth & Trends
The global mobile device management market size is expected to reach USD 28.37 billion by 2030, registering a CAGR of 24.2% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The market is expected to witness growth due to the increasing adoption of mobile devices in the workplace and the need to secure and manage them. With the proliferation of smartphones, tablets, and other mobile devices, employees are increasingly using their personal devices for work purposes. This trend, commonly referred to as Bring Your Own Device (BYOD), has led to an increase in the number of mobile devices that need to be managed and secured within an organization. Mobile device management (MDM) solutions provide a centralized platform for managing & securing mobile devices, including the ability to enforce security policies, monitor device usage, and remotely wipe data in case of loss or theft.
As more organizations adopt BYOD policies or provide employees with company-owned mobile devices, the demand for MDM solutions is expected to continue to grow. Furthermore, the adoption of mobile devices has been further accelerated by the COVID-19 pandemic, as remote work has become the norm for many organizations. As employees work from home or other locations outside of the traditional office, the need for MDM solutions to manage and secure employee devices outside of the organization’s network perimeter has increased. However, the mobile device landscape is highly fragmented, with a wide range of operating systems, device types, and versions in use. This fragmentation makes it difficult for MDM solutions to provide comprehensive management and security across all devices.
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Mobile Identity Management Market Growth & Trends
The global mobile identity management market size is expected to reach USD 16.97 billion by 2030 and grow at a CAGR of 26.6% from 2023 to 2030, according to a recent report from Grand View Research, Inc. Mobile Identity Management (MIM) solutions are becoming increasingly important as more employees use mobile devices to access company data and applications. With the advent of mobile workforces and Bring Your Own Device (BYOD) regulations, MIM solutions provide organizations with a secure and practical approach to managing user identities and accessing company resources on mobile devices.The increased adoption of mobile devices and the necessity for safe access to corporate resources from these devices are projected to drive demand for MIM solutions. Furthermore, as more organizations migrate to cloud-based services, MIM solutions will safeguard access to such services.
Mobile device management (MDM) capabilities, which are frequently included in MIM systems, enable organizations to put security limits on mobile devices, such as mandating encryption and limiting access to applications and data. An essential security component of Mobile Identity Management (MIM) is two-factor authentication (2FA), which adds an extra layer of security on top of a username and password. 2FA provides additional security to guard against unauthorized access to sensitive data or systems by providing an additional layer of authentication. Cyber dangers are more likely to affect mobile devices than traditional desktop or laptop PCs. MIM provides security features, including multi-factor authentication, mobile device management, and secure data transit to guard against these risks.
Competitive Landscape
The market is competitive with the presence of major Cisco Systems; SAP SE; Broadcom, Inc.; Vmware, Inc.; Ivanti; Sophos; and Blackberry, among others. These companies maintain an exhaustive product portfolio and are employed to maintain a competitive edge in the market, their product offerings, the applications segment they served, the sophistication of their technology, their strategy to differentiate their products, and their industry impact.
