(IT-NEWSWIRE.COM, January 12, 2018 ) According to Publisher, the Global Mobile Device Management Market is valued at $1.75 billion in 2016 and is expected to reach $8.28 billion by 2023 growing at a CAGR of 24.8% from 2016 to 2023. Mobile Device Management (MDM) solutions manage device capabilities, data security, network connectivity, and other various aspects of mobile devices. The proliferation in demand for handled devices used from enterprises and individuals is anticipated to support the demand for Mobile Device Management solutions. In addition, increasing adoption of smartphones, most happening trend of Bring Your Own Device in organizations are some of the factors fuelling the market growth during the forecast period. However, privacy issues, initial investment costs are some of the constraints limiting the market growth.
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By region, North America is anticipated to account for the largest market share and continue to influence the global mobile device management market in 2016, due to the development in mobile workforce, smart phones penetration, BYOD trend, and higher cloud-based deployment of MDM solutions due to the accessibility of cloud data centers in the region. However Asia Pacific is expected to grow at the highest rate during the forecast period as the enterprises in this region are planning to adopt enterprise mobility solutions to manage the demands of the dynamic mobile personnel. Managed services segment dominates the largest share of the global Mobile Device Management (MDM) services market.
Some of the key players in the market include FeedHenry (Red Hat) , Microsoft Corporation, Mobileiron, Inc, Symantec Corporation, Sophos Ltd., Amtel, Inc. , Blackberry Limited, Soti, Inc., SAP SE, International Business Machines (IBM) Corporation, Airwatch By Vmware, Inc., Cisco, Citrix Systems, Inc., Absolute Software, and CA Technologies.
Deployment Types Covered:
-Transportation and Logistics
-Government and Public Sector
-Healthcare and Life Sciences
-Banking, Financial Services and Insurance (BFSI)
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-Rest of Europe
-Rest of Asia Pacific
-Rest of South America
-Middle East & Africa
-Rest of Middle East & Africa
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