New York, USA, Jan. 11, 2022 (GLOBE NEWSWIRE) -- According to a report published by Research Dive, the global mobile device management market is predicted to generate a revenue of $24,161.1 million and rise at a CAGR of 28.2% during the forecast time period from 2019-2027.
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As per our analysts, the rise in the manufacturing of new mobile phones all across the globe is expected to experience progressive growth during the analysis timeframe. Besides, the increasing use of mobile devices for better supportability and functionality is expected to bolster the growth of the mobile device management market over the forecast period. Moreover, the increasing demand for security concerns to protect corporate data is predicted to propel the growth of the market over the estimated timeframe. However, the strict government rules and regulation is may hamper the growth of the market over the analysis timeframe.
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Segments of the Mobile Device Management Market
The report has divided the mobile device management market into different segments based on deployment type, organization size, industry vertical, and region.
Deployment Type: Cloud Sub-Segment to be Most Lucrative
The cloud sub-segment is predicted to garner a rise at a CAGR of 29.9% during the analysis period. The increasing use of the cloud in mobile device management helping employees to work remotely without hampering the security of the organization is expected to foster the growth of the mobile device management market sub-segment during the forecast time period.
Organization Size: Small and Medium Sub-Segment to be Most Productive
The small and medium sub-segment is expected to grow at a CAGR of 29.7% during the estimated period. This is mainly because many small and medium-sized organizations use many mobile devices to make their employees perform official work through mobiles. Further, the rising adoption of mobile device management software to secure mobile devices is expected to fuel the growth of the mobile device management market sub-segment throughout the analysis period.
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Industry Vertical: Retail Sub-Segment to be Most Profitable
The retail sub-segment is predicted to rise at a CAGR of 29.4% during the analysis timeframe. The increasing use of mobile devices by retailers for various operational purposes such as tracking and securing data on a daily basis is predicted to amplify the growth of the mobile device management market sub-segment during the estimated timeframe.
Region: Asia-Pacific Region to Have the Largest Share of the Market
The Asia-Pacific region is estimated to grow at a CAGR of 29.1% over the estimated time period. The increase in shifting of a large number of companies to this region because of the availability of skilled labor and lower investment cost is expected to drive the regional growth of the market over the analysis period.
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Key Players of the Mobile Device Management Market
1. IBM
2. SAP SE
3. Google
4. Cisco System Inc.,
5. Microsoft
6. Samsung
7. Blackberry
8. Citrix Systems Inc.,
9. VMware Inc.,
10. Quest Software
For instance, in 2019, IBM, a leading American Multinational Technology Corporation, has announced its collaboration with Watson, a question-answering computer system capable of answering questions in natural language, developed in IBM’s DeepQA project. With this collaboration, IBM has launched its first-ever android venture named “MaaS360”, which is mainly designed for Enterprise Mobility Management solutions.
Further, the report also summarizes the product portfolio, the latest strategic developments, SWOT analysis, and the financial performance of the key players. Click Here to Get Absolute Top Companies Development Strategies Summary Report.
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