Enterprise Mobility Management Market Rising With Growth In New Technology Trends Research By 2030

Posted by Mrudula Anil Karmarkar on December 20th, 2023

San Francisco, 20 December 2023: The ReportEnterprise Mobility Management MarketSize, Share & Trends Analysis Report By Solution, By Software, By Services, By Professional Services, By Deployment, By Enterprise Size, By Vertical, By Region, And Segment Forecasts, 2023 - 2030

The global enterprise mobility management market size is estimated to reach USD 69.12 billion by 2030, expanding at a CAGR of 23.8% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The market growth can be attributed to the proliferation of mobile devices and the rising trend of work from policies led by the COVID-19 pandemic. Further, end-user companies shifting focus on remote working to improve employees’ productivity is creating a favorable environment for the market. Enterprise mobility management (EMM) solutions enable end-user companies to update, control, or erase the data of mobile devices remotely, supporting the market growth.

Rapid development in network infrastructure, supportive government initiatives for digitization, and the increasing trend of Bring Your Own Device (BYOD) are some of the key factors attracting hackers & cybercriminals, resulting in data theft and data loss from mobile devices. The majority of end-user companies are adopting EMM solutions to protect their business-critical data from mobile devices, creating robust opportunities for the market. EMM solutions also offer various benefits to employees through their mobile devices, such as remote access to enterprise resources, a secure web browser, mobile threat defense, mobile content management, mobile device provisioning, and document editing.

The increasing demand for enterprise mobility management solutions across the globe is encouraging market players to invest in their R&D to expand their product portfolio, supporting the growth of the market for enterprise mobility management. Companies such as Sektor, HMD Global, and Zoho Corporation Pvt. Ltd. are adopting various business strategies to stay competitive in the market. For instance, in May 2021, the consumer electronics company, HMD Global launched an EMM solution, HMD Enable Pro, to assist organizations in enhancing the security of smartphones and setting up security policies. Further, in August 2021, mobile device company Sektor partnered with SOTI, an EMM firm, to strengthen its EMM portfolio and expand its business operations in Vietnam, Thailand, Malaysia, New Zealand, and Australia.

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 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.

Request sample report of Enterprise Mobility Management Market@https://www.grandviewresearch.com/industry-analysis/enterprise-mobility-management-emm-market-report/request/rs1

Enterprise mobility management involves various applications such as Mobile Device Management (MDM), Mobile Device Provisioning, and Mobile Application Management (MAM). Mobile security, enterprise mobility solutions, and Mobile Content Management (MCM). EMM helps organizations in maximizing the employees' productivity, control operating costs, and reduce the device downtime. EMM enables IT administrators to distribute applications to end-user devices remotely, allowing them to access all essential data. Further, it provides powerful security capabilities, such as remote data wiping and encryption to protect corporate data.

Enterprise Mobility Management Market Report Highlights

• The services segment is expected to register a CAGR of 24.7% from 2023 to 2030. Shifting end-user focus on adopting customized EMM solutions as per business needs and optimizing their operating costs is driving the growth of the services segment
• The Mobile Identity Management (MIM) segment is anticipated to grow at a CAGR of 26.6% from 2023 to 2030. The MIM segment enables secure access to digital content, ensures data security, & privacy, and provides user-friendly experiences, creating a positive outlook for the EMM market
• The professional services segment is anticipated to grow at a CAGR of 25.2% from 2023 to 2030. The professional services ensure smooth deployment of the enterprise mobility management solution and assist organizations in secure connection of their mobile devices with cloud platforms, supporting the industry trend. Further, it also helps in managing various solutions such as mobile workforce management, mobile data management, and mobile security, driving the growth of the market
• The support & maintenance segment is anticipated to grow at a CAGR of 27.0% from 2023 to 2030. The EMM support & maintenance services assist organizations in improving the operational efficiency of the deployed EMM solutions and upgrade the EMM solution regularly to make them capable of providing security against evolving cybersecurity threats
• The cloud-based segment is anticipated to expand at a CAGR of 25.2% from 2023 to 2030. The significant growth can be attributed to the hassle-free deployment of cloud-based EMM solutions, low investment in physical infrastructure, and enhanced remote management. Market players’ focus on developing diverse cloud-based EMM solutions is expected to fuel the growth of the cloud-based market in the forecast period
• The small & medium-sized enterprises segment is anticipated to expand at a CAGR of 24.5% from 2023 to 2030. The rising digital security concerns and availability of low-cost EMM solutions are propelling the growth of the EMM market in SMEs
• The retail segment is anticipated to grow at a CAGR of 28.0% from 2023 to 2030. Retailers are using mobile devices, such as Point-of-sale (POS) terminals and kiosks, to enhance the customers’ shopping experience. To ensure the security and data privacy of all these mobile devices, retailers are investing in cyber security solutions, creating robust opportunities for the market in the retail sector
• The Asia Pacific segment is anticipated to register a CAGR of 26.1% from 2023 to 2030. The growing public & private investment in digitalization and various countries’ government emphasis on strengthening digital security across the country is accelerating the proliferation of the Asia Pacific market.

The governments of various countries, such as India, the U.K., Saudi Arabia, Brazil, and Canada, are significantly investing in cybersecurity solutions to safeguard sensitive information. These governments are funding various research projects on cybersecurity to enhance their digital infrastructure data security. For instance, in February 2023, the government of Canada announced federal funding of USD 1.9 million as a part of the Cyber Security Cooperation Program for cybersecurity projects at Université de Sherbrooke. The research projects focus on improving cybersecurity in Industry 4.0, 5G connectivity, and other wireless environments. Such as initiatives by the government will boost the growth of the market.

Increasing cyberattacks on business-critical data and personal devices force various end-use companies to adopt enterprise mobility management solutions. The market leaders are expanding their dealers and distributors to enrich their brand identity and attract potential business clients. For instance, in November 2021, Contextual Mobility Management (CMM) solutions provider TRUCE Software collaborated with mobility solution distributor 3Eye Technologies and IT solution distributor TD SYNNEX to enhance its security solution portfolio. With this collaboration, TRUCE Software automated its EMM strategy and offered advanced EMM solutions to its clients.

Enterprise Mobility Management Market Report Scope

The lack of enterprise system integrators is expected to restrict the market growth. The organization should have integrated security systems and workflow automation to synchronize the overall security process. Further, mobile devices such as laptops and smartphones are required to be connected seamlessly to these complex security systems. The company failing to integrate mobile devices into their security systems may face security breaches, and loss of critical data. To overcome these issues, various market players are assisting end-user organizations by providing security infrastructure services and enabling them to secure their connected mobile devices with flexible and easy-to-use security systems.

List of Key Players in the Enterprise Mobility Management Market

• Cisco Systems, Inc.
• SAP SE
• Broadcom, Inc.
• AppTec GmbH
• VMware, Inc.
• Citrix Systems
• Ivanti
• IBM Corporation
• Microsoft Corporation
• Micro Focus
• Zoho Corporation Pvt. Ltd.
• Matrix42
• Sophos
• Blackberry
• Esper