Mobile Device Management (MDM) Market Worth $3.94 Billion by 2019 - New Report by MarketsandMarkets
(PRWEB) April 23, 2014 -- The report "Mobile Device Management Market by Solutions (Device Management, Application Management, Security Management, Network Service Management), Deployment Type (Cloud and On-premise) - Global Advancements, Market Forecast and Analysis (2014 – 2019)", defines and segments the global MDM Market into various sub segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving the market, various restraints and opportunities impacting it along with the adoption trends.
Browse more than 66 market data tables 20 figures spread through 144 pages and in-depth TOC on "Mobile Device Management Market"
http://www.marketsandmarkets.com/Market-Reports/mobile-device-management-market-105562389.html
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The biggest challenge for organizations is the difficulty in adopting cloud-based models or server-based models to enable a secure IT infrastructure. The solution vendors in the Mobile Device Management (MDM) Market space are continuously designing and innovating on the existing products; so as to build a sophisticated IT infrastructure for the mobile environment where employees have a secured access to corporate data. The MDM Market is consolidated with big players such as Airwatch, Mobileiron, Citrix Solutions, SAP, Good Technology, IBM, Symantec, Microsoft, Sophos, and Soti. The competition from these big players makes it difficult for small vendors to enter into the MDM Market.
The major factors driving this market are data security concerns in organizations, mobile device population explosion, increased smart phones and tablets penetration, consumerization of IT, and the Bring Your Own Device (BYOD) trend which is being followed by a lot of organizations these days. The deployment cost of MDM solutions is one of the restraints for Small and Medium Businesses (SMBs) and a majority of them still have not adopted MDM solutions. Hence, MDM vendors can seize this opportunity by providing cheaper and simpler solutions to SMBs. K12 Education is another untapped market in this segment.
Some of the benefits of MDM solutions include improved employee satisfaction, increased employee productivity, greater enterprise mobility, reduced IT costs, more flexible work environments, and reduced device management requirements for IT and others.
MarketsandMarkets broadly segments the global MDM Market by regions into North America (NA), Asia Pacific including Japan (APAC), Europe (EU), Middle East and Africa (MEA), and Latin America (LA); by solutions into device management, applications management, security management, network service management, and others; by services into implementation, training and support, and managed services; by deployment type into cloud and on-premises; by industry verticals into education, healthcare, financial services, retail, public sectors, manufacturing, and others.
MarketsandMarkets forecasts the global Mobile Device Management Market to grow from $1.01 billion in 2013 to $3.94 billion by 2019 at an estimated CAGR of 26.8%. North America (NA) is expected to be the largest market in terms of market size, while Europe and APAC are expected to experience an increase in market traction during the forecast period.
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