ID: MRFR/ICT/2653-CR | January 2018 | Region: Global | 103 pages
Global Managed Mobility Services Market is expected to expand at 44% CAGR over the forecast period (2017-2023), according to Market Research Future (MRFR). It can purportedly reach USD 27.21 Billion by 2023. Managed mobility services (MMS) refers to the range of outsourcing and management solutions offered by firms to larger enterprises for smooth functioning. The management of devices and mobile applications coupled with risks posed by them in the light of BYOD can propel the market to new heights in the coming years.
The COVID-19 pandemic has brought to the forefront the possibility of remote work and its prospects in the coming years. Managed mobility service providers can install their tracking software on all company provided laptops and ensure their access to a secure Wi-Fi network in order to protect the intellectual property. Mobility vendors can create partnerships with enterprises for providing optimal solutions and adjust mobile data and voice plans according to usage. The rollout of BYOD among companies amid the rise of the mobile workforce can bring new opportunities for the managed mobility services market.
Adoption of BYOD Policies
Companies are embracing BYOD owing to increased disposable income levels of employees and convenience of working from the confines of our homes. The COVID-19 pandemic has brought the fact to the forefront with many governments making it mandatory for curbing the disease. The fast processing speed and portability of smartphones can induce the demand for managed mobility services during the forecast period. In addition, the use of unified communication technologies for collaborating in a secure environment can bode well for the market.
Outsourcing of Mobile Management by Large Enterprises
Large enterprises have embraced the trend of BYOD and decided to outsource the security of mobile applications and devices to managed mobility services. Email applications to mobile applications coupled with their security can determine the scope of the market. Integration with the company’s internal systems and cloud services can bode well for the market. Outsourcing of support and maintenance operations can be a viable opportunity for market players.
Concerns over Costs
The risks posed by BYOD owing to the rise of intellectual property and growing transfer of data on messenger applications can threaten the market growth. The limited capacity of the software can lead to hesitation among large companies and force to develop their own applications, thus stunting market growth.
Complexity of MMS
The dynamic changes in operating systems of smartphones such as Android and iOS can increase the magnitude of complexities. Telecom expense management can complicate matters owing to changing tariffs of telecom providers. In addition, partnership of MMS agencies for handling large tasks can shrink profit margins and commoditization of core services has become a challenge for players in the global managed mobility services market.
Cumulative Growth Analysis
Global Managed Mobility Services Market is set to expand at a rapid pace owing to increased dependence on smartphones. In addition, the use of communication applications for collaborating on large projects and connecting out-of-office workers can provide a stimulus to market demand in the coming years.
Mobile Device Management to Take the Lead in Market
The mobile device management segment is expected to exhibit a CAGR of 32.56% over the forecast period. Rise of BYOD and deployment of such devices by corporations for ensuring a steady stream of communication can drive the segment demand in the global managed mobility services market. The high-end security features integrated into mobile devices for thwarting threats can bode well for the segment.
Application Management to Emerge as a Sizeable Revenue Generator
Application management is likely to generate heavy revenues owing to the process of maintenance, upgrading, and management of applications. Presence of readymade applications and large number of organizations adoption application management can drive the segment growth over the forecast period. The growing penetration of internet and access to smartphones can spur the segment demand in the global managed mobility services market.
IT & Telecom to Command Maximum Market Share
The IT & telecom sector is expected to command the maximum market share owing to the need for a centralized system for managing mobile devices. The acquisition of new software for ensuring employees attain access to database in a secure manner and growing complexity of managing multiple devices can induce the demand for managed mobility services.
North America to be at Forefront in Global Managed Mobility Services Market
North America is estimated to exhibit a stellar growth rate over the forecast period owing to the emergence of BYOD and remote work accepted by corporations. Increased use of smartphones for collaborating on projects is expected to propel the demand for managed mobility services. The protection of intellectual property and assurance of safety of data can take centerstage in driving the market demand in the region.
APAC to Exhibit Strong Growth Rate
APAC is expected to exhibit a strong growth rate owing to increased IT spending and acceptances of remote work by enterprises. Resumption of trade and investments in enterprise mobility solutions can further the demand for managed mobility services in the region. The expectancy of new hires and spending on mobile application platform management software can bode well for the market in the coming years.
Global Managed Mobility Services Market is highly concentrated with players focusing on improving enterprise mobility software. The focus on mobile strategy and enterprise governance is likely to set the stage in the forthcoming years. The ongoing trends of BYOD and remote work can act as catalysts in the market.
The global managed mobility services market report by Market Research Future (MRFR) provides an in-depth analysis of the industry for the forecast period. It considers drivers, challenges, opportunities, and trends to be faced by MMS companies. The COVID-19 pandemic and its implications on the industry are highlighted and explored in depth. The report is segmented in the following manner for comprehensive understanding of the user:
Frequently Asked Questions (FAQ) :
The increasing adoption of BYOD policies by many organizations is the primary driver of the market boosting at a higher level.
The market will be gaining a CAGR of approximately 44% for expansion in the future.
The market will be expanding during the years 2017-2023.
IBM Corporation (U.S.), Wipro Ltd., Orange S.A, Fujitsu Ltd, AT&T Inc. (U.S.), Telefónica S.A, Deutsche Telekom AG are the companies that have been active in investing.
North America is estimated to gain the largest share of the market in the period.