Westford,USA, Dec. 10, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the unified endpoint management market size will attain a value of USD 78.43 billion by 2031, with a CAGR of 32.2% over the forecast period (2024-2031). Rapidly increasing number of remote workers and rising incidence of cyberattacks targeting endpoints are slated to bolster the global unified endpoint management market growth. Growing adoption of the bring your own device (BYOD) trend coupled with increasing sophistication of cyberattacks will also favor unified endpoint management demand outlook through 2031.
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Unified Endpoint Management Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 8.41 Billion |
| Estimated Value by 2031 | $ 78.43 Billion |
| Growth Rate | Poised to grow at a CAGR of 32.2% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Organization Size, Vertical, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Growing emphasis on improving cybersecurity as cyberattacks become more frequent |
| Key Market Opportunities | Development of automated unified endpoint management solutions with use of artificial intelligence and machine learning |
| Key Market Drivers | Increasing number of remote workers around the world |
Need for Centralized System for Endpoint Management Allows Software to Lead Revenue Generation
Software segment is projected to lead theglobal unified endpoint management market outlook.Software allows unified endpoint management companies to provide a centralized console for all security and device access as well as management. Moreover, use of advanced technologies such as artificial intelligence is also governed by software making it an essential component of any unified endpoint management solution.
Rising Awareness Regarding Endpoint Security Helps Small and Medium Enterprises acts as Highly Rewarding
Small and medium enterprises (SMEs) are forecasted to provide highly lucrative opportunities for almost allunified endpoint management companies in the long run. Increasing incidence of endpoint-focused cyberattacks in small and medium enterprises and rising spending of SMEs on security are expected to further offer new business scope for unified endpoint management companies. Cloud-based unified endpoint management solutions will be highly popular amongst SMEs going forward.
High Emphasis on Endpoint Security in Organizations Allows North America to Lead
Organizations in the North America region are more focused on improving their security in the wake of rising prevalence of cyberattacks and data breaches. Moreover, the presence of key unified endpoint management providers also helps North America hold a dominant chunk of the global unified endpoint management market share going forward. Canada and the United States are slated to lead revenue generation for unified endpoint management providers in the future.
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Unified Endpoint Management Market Insights:
Drivers
- Growing number of remote workers around the world
- Increasing risk of sophisticated cyberattacks and data breaches
- Rising popularity of the bring your own device (BYOD) trend
Restraints
- Data privacy and regulation compliance issues
- Complexity in integration with existing infrastructure and systems
- High costs of deployment for small and medium enterprises
Prominent Players in Unified Endpoint Management Market
The following are the Top Unified Endpoint Management Market Companies
- Microsoft Corporation (US)
- IBM Corporation (US)
- BlackBerry Limited (Canada)
- SOTI Inc. (Canada)
- Jamf (US)
- Zoho Corporation (India)
- Cisco Systems, Inc. (US)
- Dell Technologies (US)
- 42Gears Mobility Systems Pvt Ltd (India)
- Matrix42 AG (Germany)
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Key Questions Answered in Unified Endpoint Management Market Report
- Which region is expected to dominate the global unified endpoint management industry?
- Which type of organization brings in the most revenue?
- Which constraints are expected to impede growth as per this unified endpoint management market analysis?
- Who are the leading unified endpoint management providers?
This report provides the following insights:
- Analysis of key drivers (growing incidence of cyberattacks, rising number of remote workers, high adoption of BYOD trend), restraints (high installation costs, complexity in integration with existing infrastructure), and opportunities (development of automated unified endpoint security management solutions) influencing the growth of unified endpoint management market.
- Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.
- Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the unified endpoint management market.
- Market Development: Detailed analysis of potential regions where the market has potential to grow.
- Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.
- Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.
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