Managed Mobility Services Market 2027: Comprehensive Study Explores Huge Revenue

Posted by Ketan Wagh on May 14th, 2021

Overview

The Managed Mobility Services market is projected to grow at a CAGR of 44% during the forecast period. As per the Managed Mobility Services market research report, the global market for Managed Mobility Services is projected to grow swiftly by US.21 billion by 2023. According to analysts, adoption of BYOD policies as well as outsourcing of mobile management by large enterprises will drive the market growth during the forecast period. The Managed Mobility Services market research report offers a comprehensive analysis of the global Managed Mobility Services market and its end-users and technology segments. The concerns over costs along with risks posed by BYOD are the elements that could influence the Managed Mobility Services market advancement throughout the forecast period. The Managed Mobility Services market research report by expert analysts is developed to assist organizations in the Managed Mobility Services market.

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Market Segmentation

The global market for managed mobility services has been segmented into type and end-user.

By type, the global managed mobility services market has been segmented into mobile device management, application management, security management, support, and maintenance. Mobile device management led the market for managed mobility services, reaching USD 1,719.1 million in 2017, and application management is projected to expand by 32.56% at the fastest CAGR.

Mobile device management is referred to as security software used by the company's IT department to monitor, manage, and secure employee devices from theft and other malicious attacks. Mobile devices are used by employees across various mobile service providers and across multiple operating systems used in the company. The mobile device management segment is projected to have the largest market share. Due to an increase in the number of BYODs adopted by companies to achieve a competitive advantage. Mobile device management is expected to expand due to the high use of mobile devices to access business content. It is also predicted that the security function will increase growth opportunities with a high CAGR during the assessment period.

Application management relates to the process or practice of maintaining, managing the operation, upgrading the application to the latest version, and during its life cycle. Application lifecycle management, application portfolio management, and application performance management are the main functions of application management. The factors propelling the growth of the application management function include the growing adoption of ready-made solutions and an increasing number of organizations that adopt ready-made solutions to maintain application management services.

By the end-user, the global Managed Mobility Services Industry has been segmented into healthcare, hospitality, retail, entertainment, transportation, and consumer utility services, financial services, media & entertainment, travel & hospitality, and others. The IT & telecommunications industry dominated the global market for managed mobility services, hitting USD 1,094.4 million in 2017. Health care is also rising at CAGR of 34.46%. Mobility Services market.

Market Dynamics

The key benefit of managed mobility services is that the responsibility of business operations is shifted and thus helps to save time. Rising adoption of BYOD policies by a variety of organizations is the primary driver of the market.

Competitive Landscape

Outsourcing of support and maintenance operations is presumed to drive the Managed Mobility Services market growth worldwide. The global Managed Mobility Services market could be challenged by limited capacity of software solutions, nevertheless, organizations in the Managed Mobility market will carry the growth rate forward. The Managed Mobility Services market research report presents company profiles of major companies active in the Managed Mobility Services market globally. Furthermore, the global Managed Mobility Services market report offers an all-inclusive analysis of the market collected from the Managed Mobility market’s primary and secondary sources covering both decision makers and thought leaders. The Managed Mobility Services market research report highlights such key areas assisting businesses operating in the Managed Mobility market to build better growth strategies.

Industry News 

Connected Solutions Group has reported that it has introduced a comprehensive management service division and is a national pioneer in wireless hardware implementation and services. For a year, the MSP deals allow the company to give its customers hardware and service support 24 hours a day 7/365. The MSP/Support Offers are focused upon monthly subscriptions that differ according to the preferred support hour (i.e., weekday business hours or 24/7 support) and the form of support provided. 

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Ketan Wagh

About the Author

Ketan Wagh
Joined: March 17th, 2021
Articles Posted: 129

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